HomeMy WebLinkAbout0571 ~o ~iaue and to ~iotd the sana• lu~p•I~rer euil~e Ihr lene?uenh. ~ie?r?~ifunu•nls ruu( uppurle
?uuu•?•s Iherelu h?•(uugi?ul, nn?( Ilse n•nfs, issurs and pro~ils Ilu•?eu~, unto the marlgaip•e, irr Jee si?np(e.
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~ nd the nu,?I~fa~fur rurrnarrls with ~he murlyo~lee Ihuf the mu?Igcrryor is inr(r~jeasif,(y sei:?•r~ of saic~
lanr( in (ee simf,(e: Dial Ilu• nwrlgagor has ffour~ rigl?1 anr (au•fu( authority to r•uru~ey sair( (unr( as afore
~ soir(: flea! Ilse nu,?Iqu<µ,r tri(( rnu~re sur•h further ussuranr'i•s to perfer•f the fee simple (it(e to Bair( (nnc~ in the
~ mn?Iryuryee as mm rrasunnh(V (a• rertuinv~: fhal the mort~lailor he?e(?y f u(~y u~arrnnls the til(e Io saicf (anr(
aur( rri(( r(r~feurl the same a~fainsf 1(re (au•fu( r(uims of u(( persons u•homstierer: anr( that snir>( (anr( is free
anr( c(,v?r u( a(( enrum(,ranr•es except city and county taxes accruing after
December 31, 1978..
PROVIDED ALWAYS, that if said mortgagor shall pay unto said mortgage
the certain promssscry note hereinafter au2rstantiall.y ,copied or
identified, to-wit:
f ~ I
t 1nYa.Ot`J~0 _ No. -
Fort Pierce, Florida c t o t e r 2 5~ 19 r!
For value received, 1, we, or either of us, promise to pay without defalcation to the order of
iiarris Constructio:: ~oruoratio:i , at the office of the payee
herein in Fort Pierce, Florida or at such other place as the payee herein shall designate in writing, the
sum of E 1G., ~ ~ f% - (l0 with interest from date at the rate of ~ - ~ % per annum, payable
in monthly installments as follows, to-wit:
SST=1G on the ~ L~!'}~ day of ;ovAuber 19~„- and a like sum
on the corresponding day of each tike succeeding month thereafter unfit )%~ii1 i~~ f x:11.
i'1ot hithstanding the below stated. late penalty based on a percentage
of any arrears, the late penalt~• applicable in the case of a late
i~aytent will be a fixed charge of filO.CC per :onth for eact-~ and every
month the account is in arrears.
~ In the event any amounts currently due and/or past due under the terms of this note are not paid
t by the 2 ~tY'day of the month, a late penalty of S.0% 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
~ late_ penalties. Amounts due under the terms of this note are understood to be but not limited to.
(1) Regularly amortized interest and principal payments.
(2) City and/or munty 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.
(5) Street, sewer and water liens when paid by the payee herein.
Each installment first shall be applied in the payment of the interest and then on the unpaid bai•
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.
Each maker, surety and endorsar 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.
WITNESS THE HANDS AND SEAL OF EACH PARTY. /Sf Katie Mae Ray _ (SEAS)
ii
(SEAL)
3C`lK~~ PbGE ~
(SEAL)