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/1110 lt•11~ (~Pr/Ylll 1hP SaalP aOal/1St the laft~'lt~ f~(liRtS Of a~' nPISOIIS lPhamSaPl`Pr: AIl(1 that SQI~ ~Ull(~ !S ~rPP
aver rrPar a( aU P/I('llmhra?1(rs accept for the lst mortgage due First Federal
S & L Association of ~'t. Pierce
PROVIDED ALWAYS, that if said mortgagor shall pay unto said ~
I mortgagee the certain promissory note hereinafter substantially or ~
t identified, to-wit:
3 I,30U.Q0 No 732
Fort Pierce, Florida O c t ot~ e r 2 3, 19
For value received, 1, we, or either of us, promise to pay without defalcation to the order of
Barris Censtruetion Corpp-~orgtio 1 , at the office of the payee
herein in For Pi~~~, F~~ida or at sJch other pace as the payee herein shall designate in writing, the
sum of s ' 3 with interest from date at the rate of l~ . Q per annum, payable
in monthly installments as follows, to-wit:
a 33' on the lOtr day ofljoyertber 19~_ and a like sum
on the corresponding day of each like succeeding month thereafter until T416 in ful?
I?t_ )~e_ event any amounts currently due and/or past due under the terms of this note are not paid
by the ~ " t'day of the month, a late penalty of 5.096 of the combined amounts currently due and/or
past due, will be added to and collected with whatever amounts are due for the month in question. If
currently due and/or past due payments or parts thereof under the terms of this note remain unpaid
at the end of any month, then said unpaid amount will be carried forward and added to the amounts
coming due under the terms of this note for subsequent months for the purpose of calculating subsequent
II late penalties. Amounts, due under the terms of this note are understood to be but not limited to.
t (1) Regularly amortized interest and principal payments.
(2) City and/or county taxes when paid by the payee herein.
! (3) Insurance premiums when paid by the payee herein.
~ (4) Senior mortgage payments when paid by the payee herein.
t
(5) Street, sewer and water liens when paid by the payee herein.
' Each installment first shall be applied in tfie payment of the interest and then on the unpaid bal-
j ante of the principal sum. If default is made in the payment of any installment when due, then at the
option of the holder, and without any other notice, all the remaining installments shall be due and payable at
once. Privilege is given to pay two or more installments at any installment maturity date, but this shall
not extend the time of maturity of any subsequent installment. Neither forbearance, nor acceptance by
the holder hereof after any default in any payment hereon, shall be deemed extension.
x Each maker, surety and endorser hereof, jointly and severally, waives demand, presentment,
protest and notice of protest for nonpayment, and further agrees to any extension of time of payment,
~ either before or after maturity, without notice to any of us; and to pay all costs of collection, including a
reasonable attorney's fee in the event of any default hereunder.
George Mosel ,Jr.
WITNESS THE HANDS AND SEAL OF EACH PARTY. /S/George Mose1V a/k1a (~L)
rverne Mn~P 1 (SEAL)
(SEAL)
B0~ PA6~ (SEAI)
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