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~o ~iaue and to Mold the same. tlHp>ther luith tl.e IPnemenls, i1PrPllifume/lls an(I uppll?IP
lunu•es IhPn>to hPlongillg, oat fhP naffs, issurs MuI pro~its fhen>o~. lento the morlgayeP, in JPP simple.
the marfgaRur (•o1~P/1allts with the morl~~ageP flint IhP morlryaryor is inclP~Pasihly seize[ o~ said
Ia/1(I~ift ~rP Sinl/)~: [flat the mortgagor has Boot right a/1(I IQU~Jt1I alltllOrlty t0 ('UnnPy Salt I/1/lll a5 (t~OrP-
~ slit; that !hP mortgagor Il'llI make such ~urther assurances to perfect the jee simple title to Bait lant in the
nu)rtgageP as may reasonably be require[: that the mortgagor herrhy Jully u~arranls the title to snit Inn[
alit bill IIPjP11t tIIP some against the tau>ju! claims o~ all persons u>homsoerer: ant that salt Inn[ is /rPP
ant clear o~ all PIICIInIbra11CP5 except that certain first mortgage .#1000-3$93
of the public records due Citizens Federal S & L Association of
St. Lucie County, Florida
PROVIDED ALWAYS: that if said mortgagor shall pay unto said mortgage
that certain promissory note hereinafter substantially copied or _
identified to-wit:
, ~ 711.(10 No -7
Fort Pierce, Florida 28 November fq 79
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 E ~ ?7D - DD with interest from date at [fie rate of 18 - ~ % per annum, payable
in monthly installments as follows, to-wit:
~ R~_ on the-=w*,~.r day of T~a;~- 19~_ and a like sum
on the corresponding day of each like succeeding month tt?ereafter until paid in full
Notwithstanding the below stated late penalty as a percentag
of arrears, the late penalty hereunder is understood to be
$15.00 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 25thday of the month, a late penalty .of 5.0% of the c~ombine~d amounts currently due and/or
past due, will be added to and cotteded with whatever amounts are due fpr the month in question. tf
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.
j (1) Regularly amortized interest and principal payments.
(2) City and/or county taxes when paid by the payee herein.
j (3) insurance premiums when paid by the payee herein.
i (4) Senior rrwrtgage 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-
I ante of the principal sum. If default is made in the payment of any installment when due, then at the
9 option of the holder, and without any other notice, ail the remaining installments shall be due and payable at
r 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 acteptance 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. ('.art tpn R _ Saunders (SEAL)
/.~i -~n~-L=--~~rde~s - - (SEAS)
(SEAL)
(SEAL)
I
II ~,,~K 321 P~sE 1661