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~0 sNWe W gW~ ihs same, together iuith the tenements, heretlitaments and appurte• ,
rlarlr'PS thpr+plo lrylungirrg, and the Teals, issues and projifs Ihpryoj, unto Ih~ mortgagee, in fee simple.
the mortgagor cw~pnanls with the mortgagee !teal !hs mortgagor is indpjeasi6ly spited of said
lnnd irr jee simply; that the mortgagor has good right and lawful authority to convey said land as ajore-
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said; that the mortgagor will make such. further assurancys to perjeN the jee simple fill! to said land in the
erortgagee as may ?rasonalrly be required; that the mortgagor hereby fully warrants the title to said land
arrd will- dpjend the same against the lawful claims of-all persons whomsoever; and that said land is {Tee
and c[par of at( encumbrances except that certain .first mortgage in the
amount of $21,200,00 due to First Federal S & L Assoc. of Ft, Pierce
Florida and second mortgage due Harria~ C.onsLruction Corporation.
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PROVIDED ALWAYS; That if the said MORTGAGORS hereinhall pay
unto daid MORTGAGEE herein the certain promissory
note hereinafter substantially copied or - -
- .identified, to-wit:
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73T.69 _ - Na 70~ (s1 - -
Fort Pieroe, Florida 28 January 19 SO
H8rr18" ~Ol'etdtl'1lo-~ZO~ c:6rp0 a.~ t'r°mise to pay wltt~out defakation to the order of
. - , at the=office of 1fis payee -
herein in PyKcs, florida or at such other place as fne payee herein ~a~ designate in writing, the - - _
-sum of ~ • ayy with tnterost from date st the. rate of
1~..~_~.___% par annum, payable -
in monthly installments as follows, to-wit: - _
_ ~ 20.00 on ~ 10th day ~ PebruBr'y 19 80 and a -li sum
on the aorresporxtirq day of each like - wooeadi momh~ theroaftar until Paid In .t'1i21 -
NotMithatandin the belox stated late pentt~ty as a percentage ol.arre , _
e ere n a e pen$lty is tanderatood to be_ >~15.00 far each and every
month the herein note is in arrears. -
In The event arty amourrts currently due and/or past due under the terms of this notes ore not paid
by the25tl`i day of the month; a late penalty of 5.09E of the oxnbined amounts .currently due and/or
past due, wilt be added io and collected with whatever amounts: am 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 rrronths for the purpose of calculating wbsequent
late penaltie;. Amounts due under the terms of this note are understood to be but not limited to. _
- (1) Regularly anwrfized interest -and prindpal payments. _ - -
_ . (2) City -and/or oourrty -taxes wht.~ paid by the payer herein.
_ (3) insuranoa premiums when paid by the payee herein. ,
(4) Senior mortgage payments when Paid-by the payee herein.
(5) Street, sewer snit 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 bat-
ance of the principal sum: If default is made in the payment of any instaNment when due, then at the
a~f the holder, and without any other notice, alt the remaining installments shall be due and payable at
once. Privilege is given fo pay two or more irutalln~nts at any installment maturity date, but this steal!
not extend the time of maturity ofi any wbaequertt installmerr: Neither- forbearance, -nor acceptance by
the holder hereof after any default in ar?y payment hereon, shaE: be deemed extension. -
tcach maker, surety and endorser horoof, jointly- -and severalty, waives demand, presentment,
protest and notice of protest for nonpayment, and further agrarr to any extension of time of payment, -
sitl~r before or after maturity, without notice to any of us; and to pay alt. costs of collection, including a -
reasonabte attorneys fee in the event of any defsulT hereunder.
WITNESS THE WSNOS AND St:AI tJF EACH PARTY./S/-Ezekiel L. Jerkins ~ ~A~
/S/ Lucy 0: Jerkins
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