HomeMy WebLinkAbout1920 _ _
• , .
~o ~iaue and to Mold
1l?e sann•. lu~p•II~Nr will? Ilu• INnements. I?NrNtlitumNnts" a?~d uppurfN
nnn?•NS IluvNlu I?elunying. and Ilu• mnfs, issues and pru~ils fliNrr•??(• unto tl?e mo?IyayeN. in ~ee simple.
end Ilu• nu??f~ra~p?r ?~o?rnanfs u•ifl? the murfirnryNN fl?al IIiN morfyatfor is indN(easil?ly .Ni_erl of said
' land in (Ne sii?iplN: ~tllat~ t~N mo?f~a~or {gas good ritflit and lau•~ul autl?ority to ?-unrey said land as u(orN
.aid: tlu?f Ilu• murhpuror will malre su?•Ir (urfl?er assuran?-NS fo per~e?•t IhN ~PP simple fi1lN to sai?1 land in the
't mo?hpureN as may ?ensonnldy I,N re?tuired: that tl?e mo?tgayor l~erehy (rdly warrants fhN title to said land
uud will dN(Nnd the same a{rainst the lau•(ul ?~laims u/ nll persons u•{~omsoe?•er: artd that said land is free
and ?~lear n( all en?-umhrnnr'es except that certain first mortgage due
First Federal S & L Association of Fort Pierce, Florida.
PROVIDED ALWAYS, that if said mortgagor shall pay unto said mortgage
the certain promissory note hereinafter substantially copied or
identified to-wit:
i
- - -
s 2,~s~-.~6 No-_~~~
Fort Pierce, FloridaD 19
For value received, 1, 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 Fora Pierce, Florida or at such other place as the payee herein shall designate in writing, the
_r ~ 7 G 7A G ~ , o
s:;... v~ ~ ~ ~ .c. • ~ • ~ wan inieresi from dale ai the rate of 1 U - ~ 76 per annum, payable
in monthly installments as follows,. to-wit:
_ ~1,~. on the t ntt, day of Jg~^*+~ 19_$(x_ and a like sum
on the corresponding day of each like succeeding month thereaher until pgid in full
Notwithstandin the belot» stated late penalty as a percentage of
arrears, t e ate penalty applicable hereunder Mill be =15.00 for each
and every month this promissory note herein is in arrears.
In the event any amounts currently due and/or past due under the terms of this note are not paid
If by the ~5thday of the month, a late penalty of 5.096 of the combined amounts currently due and/or
past due, will be added to and collected with whatever amounts are due 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.
(2) City and/or county taxes when paid by the payee herein.
j (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.
i
~ 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 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 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/_sludv M. Ma .hi a Wi 1 son (SAL)
€ (BEAU
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aoo ~ r~~9i5 (SEAL)