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. l1NYt Rltii~ W 1W~ fhr samr, togrlher witti the trnersfnts.~ h+??editumanfs and appwle-
nanrrs tl+rreto 1+rlw+ging, and the rents, issues and prQjifs thereof, unto the morlgayee, in jer simple.
the mortgagor cu+a•nanls with the mortgagee fha! the mortgagor is inclrjrasibly sri:rd of said
feral in /ee simple; that the mortgagor has g.wd right and lawful authority to conapy said fund us ajor+e-
said; that the mort~tagor will make such further assurances to pe?jeN !hs fee simple title to said land in the
n+ortyagee as may reasonably be required; that the mortgagor hereby fully u:nrrants the title to said land
and will drjend the same against the lawful clnims of all persons whomsoever: and that said land is free
and clear aj all eni•nmbrances except that certain firstmortgage as recorded
in O.R. Book 314, at page X41 of the public°'records•of'St. Lucie
County, Florida. - -
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- PROVIDED ALWAYS, that if said mortgagor shall pay unto said
mortgagee the certain promissory note hereinafter substantially copse _
- or identified, to-wit: - ~
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~ 746
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Fort Pieroe, Florida 19 _84- -
For value received, 1, we, a either of us, promise to pay without defalcation to the order of
h H~~~~~ C~~&~~o~ , at the office of the payee - `
~re~i t ~orT a as the payee- herein shall designate in writing, the
sum of ~~3 a 90t) - <1f1 with interest from date at the rate of-3,0:.x% per annum, payable
in monthly installmenri as folbws, fo-wit: -
t eta _ nn on the__.],QZ~ day of 19.x- and a like wm -
on the oorresporxiitxa day of each like succeeding mont thereafter until the 10th, day
of Maxoh 1985 at Mhioh time the unpaid principal"balance and
any aGCrued interest thereon Kill Dome due and payable.
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~ In the event any amounri currently due and/or past due under the terms of Phis note are not paid
by the ~5thday of the month, a late penalty of 5.0% of the combined amounri currently dus and/or
past due, will be added to and collected with whatever amounts are due fo: 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 amounri . -
coming due ursder the terms cf this note for wbsequant months for the purpose of calculating subsequent
- late penalties. Amounts due under the terms of this note are understood .to be but cwt limited to.
(1) Regularly amortized interest and principal ~yments.
C2) tray 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 t:~e unpaid bat- -
anoe 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 notate, 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 wbsequent installment. Neither forbearance, nor aooeptanoe by
the holder hereof after any default in any payment hereon, shAll be deensed extension. _
Each maker, surety and endorsor 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. :--ti-------~ {SEAL)
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/S/ Mary Lee Johnson
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