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Home My WebLink About0201 i • ~ t i ~ 30 ~iaue and to fold IhP sanu•, fu~p•IhPr will) Ihr Irn1•nu'nts, Iu•?i•dilunl(•uls and uppurll• . non•rs thrrl•fo helongiury. WWII Ihr n•nts, issurs and proJils Ilu'nroJ. unto fhP ntorfgagPP. in JP,• simple. n ~ ~ J said 1ln{~ IhP mort{rigor rurrn/ulls u•i1F1 IFIP mort~ragPP IFlat fFIP mortffafror is in(11•JeasiF,ly s('iz1•c u ~ I(11111 111 JI'P SImpI1'; Mat the morlga~or has gOUd rl(tht a/1/I IlllrJlll Qlltharlty t0 l'0?11•t'V Sa111 I/1I1(I a5 llJarP- ~ soil; that Ihr murtgoyor will ma1rP sl/ch Jurther assurances to perfect the )ee simple title to said land in the • t nu»1ga~r1•e as moy rPasonahly 6P reyuin•(l: that the morhra~ror he?eby JuIIy u•a?rants the title fo said land onrl (rill dPJ1•nd the same against the Iau•JuI claims of all persons u~homsoerer; and that said land is JIPP (111/I 1-I(•Ilr aJ all 1•?11'1?n1l,rarlcPS except that certain first mortgage• as recorded in O.R. Book 313 at page 210 of the :public records; of St. Lucie County, Florida. Provided Always, that if said mortgagor shall pay unto said mortgagee the certain promissory note hereinafter substantially copse or identified, to-wit: Fort Pierce, Florida 28 December 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 s other place as the payee herein shall designate in writing, the sum of s ~ a 171.19 with interest from date at the rate of 10.0 % per annum, payable in monthly installments as follows, to-wit: s 186_04 on the lp~ti day of yTtlnug 19~_ an~R~~O~Y of February ~~~j ~responndding da of each like sueceedpng m pth therep until the 1 th d at xhich dYte the then un aid rinci a~ balance ue he under and any unpaid interest due hereunder x111 come due and payable in Pull. Notxithstandin the beloM stated late penalty hereunder as a per- , centage o e arrears, it le understood that the applicable late penalt hereunder iwrill be ;15.00 for each and every month the Mithin promissory i note is irk default. In a even 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 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 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) In~urenoe 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. 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 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. /~1_?r,~,: ~ ~ fl t.~rnh - (SEAL) (sEA~) (s~?~) soo~~ t~ ~ csEn~)