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~o ~iAUe and to ~iotd the carne. frxp•fluv euillr flu. Ienenu•ats, hen•rlifumenls' and uppurfe
nrncrs Ihen•fo helanging, and the rents, issurs and profits Ilu•n•uf, unto the mortgagee, in fee simple.
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~ end the nu»fycri~or rorvnrnls rot/h the mortgagee Ihat the murtgagur is indefeasihly seized of said
~ Grnd in free simple: that tlu• marfgagor Iras good ?igh! and laurful authority to cunoey swirl land as ufure
~ swirl; that the murfryagor mill made such further assunua•es fa perfect the fee simple title to swirl land in the
martgagee as ma)• rrasonahly he required: that the r--ort~tayor hPrehy fatly warrants the title to said lnntl
and will defend the same against the lawful claims of nll persons whomsoerpr: and that said land is free
and Ilea. of all en'uml?rances except that certain first mortgage as recorded
in O.R. Book 271, page 66, St. Lucie County, Florida.
PROVIDED AL4r'AYS: that if said mortgagor shall pay unto said
mortgagee the certain primissory note
hereinafter substantially copied or identified.
S 6y 4pn - na ~ No. T~?
Fort Pierce, Florida j~A~e.~~.~T_ 19
For value received, I, we, or either of us, promise to pay without defalcation to the order of
Harris Co;astruetion 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 ; 6, 400.00 with interest from date at the rate of~•,a_% per annum, payable
in monthly installments as follows, to-wit:
s lEi2.;><2 on the~~_ day of 19__9____ and a like sum
on the corresponding day of -each like succeeding month thereafter until paid iri ful
Notwithstanding the below stated late penalty a8 a percent of arrears,.
the late penalty applicable hereunder will be X15.00 for each and
every month the herein account is in arrears.
In the ent any amounts currently due and/or past due under the terms of this note are not paid
by the 25~ay of the month, a late penalty of 5.0% of the combined amounts currently due and/or
past due, will be added to and rnllected with whatever amounts are due for the month in question. If
currently due and/or past due payrents 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.
j (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.
(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, their 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 avid 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. ~5~~'l~d N~~a~ld (~°?L)
(SEAL) -
Pd~if,~,~ (SEAL)
(SEAL)
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