HomeMy WebLinkAbout2570 ~o ~iaue and to fold shy same, toyyahyr with ahr tynymynas, hy?t•ditumynas and appuray
nunrys Il~yn•?o hrlo?~~aing, taus fhy rynls, issues anti proJifs Ihyryo(, unto Ihy mortgayyy, in (yy simply.
Lind Ihy mu?Iga~~or fovyuants u•iah Ihy ntorfffaffee That Ihy mortgagor is intlr(yasibly syi_yd of said
la?~<I in (.•y simply: ahaa shy moragagor has good rink! and lau~(ul authority !o fon?~yy salts land as a(ory-
said: Thal Ihy nwraga~ao? mill malty sufh further assuran•es to py?feft !hy (yy simple Title to said land in the
morfryagyy as ma. ryasonahly be required; that the mortgagor hereby Jully warrants the silly to said land
and will dy(ynd thy same aq~n~t the lawful Claims of all persons whomstiei'ert'•and'tha(`said land is frye
and flyar a( all yn-un?hranfys except that certain first mortgage in the
unpaid amount of approximately $20,200.00 due to the Lomas
Nettleton Co. or their assigns.
PROVIDED ALWAYS, that if said mortgagor shall pay unto said
mortgagee the certain promissary note hereinafter substantially
copied or identified to-wit:
S No.7~11
Fort Pierce, Florida 19
For value received, 1, we, or either of us, promise to pay without defalcation to the order of
Harris Conatruation Corporation , at the office of the payee
herein in Fort Pierce, Florida or at such other place ass the payee herein shall designate in writing, the
sum of S 3.a.~~- with interest from date at the rate of lS. fi % per annum, payable
in monthly installments as follows, to-wit:
_ on the 10th day of .T8nu8~- 19~.Q_ and a like sum
on the corresponding day of each like succeeding month thereafter until paid i><1 full
Notwithatandin what is stated beloK it is understood that
e a e pens y ereun er w be =15.00 for each and every tawnth
this note is in arrears, and, -
(2) thin herein note can not be paid off until January 10, 1981 or on
some subsequent payment date there after.
i In the event an amounts currents due and/or st due under the terms of this note are not id
f Y Y Pa pa'
by the 25th day 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 r;ue for tfie 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.
j (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.
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 bas-
ance of the principal sum. If default is made in the payment of ariy 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 endorsar 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. /$~.etea~F--l~,-r-d~ht36et~
g /SL Vernell Johnson (SEAS)
(SEAL)
~~'~K 321 ~a~ 256? (SEAS,
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