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HomeMy WebLinkAbout0494 ~o ~aue and to ~iotd 11?e same, foy?•Iher with Il?e Iertemenls, I?eredifumenls and appurle ?ian~•?•s Iht•n•lo helo?~ging, and the rnnts, issues and profile fhereo/, unto the mortgagee, in fee simple. !f?n~ the mo?fryagor cow•nants u~ilh the mortgagee Ihaf the mortgagor is indefeasibly suited of said land in (?•e simple: that the mortgagor has good righ! and law/ul aafhorily to convey said haul as afore- said: Ihal the morlryngor will make such farther assurances to perfect the fee simple title to said land in the marfyagee as ?nny reasonably 6e required; that the mortgagor hereby /ally warrants the title to said land and ?vill defend the same against the lawful ?~laims of all persons whomsoever; and that said land is free and clear of all e??c??mbrgnces except that certain first mortgage of record due to Percy Wilson Mortgage Company. PROVIDED ALWAYS: ?hat if said mortgagor shall pay unto said mortgagee that certain promissory note hereinafter substantially copied or • identified to-wit: S $~n nn No X42 Fort Pierce, Florida lh D~Cllmba~ _ 19 For value received, I, we, a either of u:, promise ro pay without defalcation ro the order of Harris Conatruation Corp~ra~ion , at the office of the payee herein in Fort Pierce, Florida or at s of place as the payee herein shall designate in writing, the sum of i-~0•. 0.0 with interest from date at the rate of~_% per annum, payable in monthly installments as follows, to-wit: 25.00 on .day o~~~..+.e,,.. 19_.~g_._ and a like sum on the corresponding day of each like succeeding month thereafter until paid ~ In full Notwithatandin what is stated below, it is understood that, he ate pens ty ereun er w be 115.00 !or each and every month thin note is in arrears, and (2) This note herein can not be paid oft until February 10, 1981 or on some subsequent payment due date thereafter. In the event any amounts currently due and/or past due under the terms of this note are nat paid ~ by the 25t2fiay 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 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 ro .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. 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 ro 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 oolledion, including a reasonable attorney's fee in the event of any default hereunder. WITNESS .THE HANDS AND SEAL OF EACH PARTY. ~ a u D--.~~~ ~ (SEAL) /.~r-~j-~~-~•o-tear-r (~1L) (~°?f) ~ i f+a nn~ . !