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A1111 t•Il•(Ir All P?lt•11I1111rA11t•PC except that certain first mortgage as recorded
in G.R. Book 313, at page 202, of the public records of St. Lucie
County, Florida.
PROVIDED ALWAYS, that if said MORTGAGOR herein shall pay unto said
I'dORTGAGEE herein the certain promissory note here-
inafter substantially copied or identified, to-wit:
I
S 5,060.70+++ No.749
February 29~ 80.
Fort Pierce, Florida 19
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 Fp~rt~~ice7~lorida or at such other place as the payee herein ~haj~ designate in writing, the
sum of S s U • with interest from date at the rate of 1 • VV % per annum, payable
in monthly installments as follows, to-wit:
374.56 10th March SO X47.00
s ~ on the ~ day of 19 and ~7'ilifd~fYn
on the correspondin d of each like succeeding month thereafter until the 10th
day of April ~.g~5 at which time the u.-paid principal balance
and any accrued interest due .thereon will come come due and
payable .
In the event 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°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
~4 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.
i
(1) Regularly amortized interest and principal payments.
~ (2) City and/or rnunty taxes when paid by the payee herein.
3 (3) Insurance premiums when paid by the payee herein.
(4) Senior mortgage payments when paid by the payee herein.
j (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-
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,
t either before or after maturity, without notice to any of us; and to pay all costs of collection, including a
j reasonable attorney's fee in the event of any default hereunder.
WITNESS THE HANDS AND SEAL OF EACH PARTY. ~s/ Carnell Denmark (~L)
acne enmar
~ (SEAL)
(SEAL)
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~ ' . ~ (SEAL)
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