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~n ~iaue and to Mold the sam~•, lup~•Ilu•r with the 1~•nrnu•nls, he.~•dilurnenls and uppwle
na~u ~•s Iherelo heluruling, and the ?enls, issues and pro(ih Ihereo(, unto the mo?Igayer, in fee cirnple.
I
nd the murlynyur rur~•nanfs with the mortgagee Ihal the moilgapur is ind~•(wrsihly sei_ed of swirl
l land in (i•e simple: Ihnt the nwrlgagor has pool right and lau•(ul authority to convey snid la?ul as afore
z~~id: Ihat the nnxlpapor will malre sorb further assurances to perfect the fee simple title to said land in the
nu~rl~~a~lee as nurp n•a~onahly be required; Ihnl the mortgagor hereby (ally rrarranfs the line to said land
~ and will defend 11?e some against the lau•(ul claims of all persons u•homsoer•er; and that said land is free
a?~d clear all enrumh.""r`eS except that certain first mortage due to
Citizens Federal S & L Association of•:St.. Lucie County, Florida
PROi~IDED ALWAYS, that if said mortgagor shall pay unto said
~ mortgagee the certain promissory note hereinafter substantially
copiedor identified to wit:
S No.7 39
Fort Pierce, Florida 29 November tq~_
for value received, I, we, or either of us, promise to pay without defalcation to the order of
Harris Construction Corporation , 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 = 1 s.,700.00 with interest from date at the rate of-1~_% per annum, payable
in monthly installments as follows, to-wit:
~ 43.17 on the 10th day of J82'1u82'3_? 19$4- and a like sum
on the corresponding day of each like succeeding month thereafter until paid in full
Notwithstanding the below stated late penalty as a percentage of
arrears, the herein applicable late penalty will be X15.00 for each
and every month the herein note is in arrears. Also notwithstanding
j the below stated right of prepayment, this note can not be paid ofP
j until or after 10 January 1981.
In the event any amounts currently due and/or past due under the terms of this note are not paid
by the 25thday of the month, a late penalty of 5.0% 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 rnunty 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 bal-
ance 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 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.
WITNESS THE HANDS AND SEAL OF EACH PARTY. /S/T.i nrta _ iiPSld*'~ (SEAL)
(SEAS)
(~f)
eo~x PacE 5i$ (sEA~)
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