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an(1 clyur of all yn(•umhrnn/'ys except that certain first mortgage M1000-3893
of the public records due Citizens Federal S & L Ass~cib.tion
of St. Lucie County, Florida.
i
PROVIDED ALWAYS: That if said mortgagor shall pay unto said
mortgagee that certain promissory note here-
inafter substantially copied or identified
t o-wit
I
~_~a 270.00 No ~R,+-
Fart Pierce, Florida November 28 jq T9
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 S - 270.00 with interest from date at the rate oft R - n % per annum, payable
in monthly installments as follows, to-wit:
S 133.84 on the 10th day of January 1980 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 percent-
age of arrears, the late penalty hereunder is understood to
be 615.00 for each 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
by the 2 5th day of the month, a late penalty of 5.0% of the combined amounts currently due and/or
j past due, will be added to and collected with whatever amounts are due for the month in question. If
j 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 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.
(S) 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. - rl tnn F _ ~aunderS (SEAL)
/Sl Anne L Saunders (SEAL)
~~~x321 p~~~ 521 (SEAL,
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