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~o ~iaue and to Mold the samr. fcHp•Iher euith Ihi~ Ivnemvnfs, Iu•?vdifumvnls and uppurle
nanrvs Ihervto hvlon~tinry, and Ihv runts, issues and proJifs Ihvrcw(, unto the morfttayve, in Jee simple.
~n~ Ihv nurrfryaryor corvnanfs u•ilh the morh~af/ve that the morf{tagor, is indv(vasihly svizvcl of said
{and in (ve simple: that the morfctac~or has flood rinht and larnlul authority fo conrwy said land as afore-
, said: that the murt~~ugor will metre such jurfher assurances fo per(ec! the fee simple title fo said land in the
morlgawe as may rvnsonably he requires{: that the morfgayor hereby Jolly warrants the filly fo said land
cold will defend fhv same a~ainsf the lawful claims of all persons whomsoever; and that said land is ;..•c•
and clear of all encumbrances except that certain first mortgage to Citizens
Federal S & L Association of St. Lucie County, Florida.
PROVIDED ALWAYS, that if said mortgagor shall pay unto said
mortgagee the certain promissory note hereinafter substantially
copied or identified, to-wit:
= 2~~0.00 No 740
Fort• Pierce, Florida 19
For value received, I, we, or either of us, promise ro pay without defalcation to the order of
Harris Construeticn Corporation , at the office of the payee
herein in Fort Pierce, Florida or at such other place as #~e payee herein shall designate in writing, the
sum of ; Z..~pTQO with interest from date at the rate of~.$,..Q,-% per annum, payable
in monthly installments as follows, to-wit:
s 47 _ a, ~,e 7 l7th day of Ts~nut~rT_ tq_$,Q__ and a like sum
on the corresponding day of each like succeeding month thereafter until paid Sn full
t~lotwithstfinding the below stated late penalty as a percentage of
arrears, the herein applicable late penalty will be #15.00 for each
and every month the herein note is in arrears.
~I In the event any amounts currently due and/or past due under the terms of this note are not paid
by the25th 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 nob 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 iha 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-
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 sny other notice, al! 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,/ F.rnPat (}nrc3np (SEAL)
(SEAI)
ar~~3~1 PAa~2~fi4 (SEAL)
(SEAL)
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