HomeMy WebLinkAbout0707 • y
~o i~1Ue end to ~iotd fhy same, together with the lenemenfs, heredilumcr:t. and appurfy-
?lant'PS Thereto bylonging, and the rents. issues and profile Ihyreoj, unto the morlgagyy, in fee simply.
~iftd thy mortgagor cot~y?tants with the mortgagee that the mortgagor is inclyjyasibly syized of said
land i?t jyy simple: thnt the mortgagor has good right and lau~jul authority to convyy said lured as njore-
said; that ihy mortgagor will make such (uriher assurances to perfect the jee simple title to said land in the
mortgagee as may reasonably be required: that the mortgagor hereby fully warrants the title to said land
and twill dyjend the same against the lawful claims of all persons whomsoever: and that said land is free
and clear of all encttmbrancys eXCept that certain first mortgage as recorded
in O. R. Book 301, page 1314, of the public records of St. Lucie
County, Florida.
PROVIDED ALWAYS: that if said MORTGAGORS herein shall pay unto
said MORTGAGEE herein the certain promissory
note hereinafter substantially.,copied or
identified, to-wit :-:.rr
. ~ i •E•-r
~ 5, 355.19 756
Fort . Pierce, Florida 27 Jung 19 80
For value received, 1, we, or either of us, promise to pay without defalcation b the order of
Harris Construction Corporation , at the offlee of the payee
herein in ~3 ~lor'u~a or at wdti other place as the payee herein alb designate in writing, the
sum of ~ ' ' .L with interest _ from date at the rate of 96 per annum, payable
in monthly installments as follows, to-wit:
278. $51.00
~ 66 ~ the 10th ~y of July 19_.$4.__ and~ilias~n
on the corresponding day of each like succeeding month thereafter until the 10th day
' of August 1985 at xhieh time the unpaid principal balance
end eny accrued interest thereon Nill Dome due and payable. -
This is a balloon note.
In the event any amounts currently due and/or past due under the terms of this note are not paid _
by the 25th day 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 #tie 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 terrru 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) Insurance premiums .when paid by the payee herein. -
(4) Seniar 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 end then on the unpaid bal-
ance of the principal sum. If default is made in the payment of any installment when due, than at the
option of the holder, and without any other notice, all the remaining installments shalt be due and payable at
once. Privilege is given to pay two or more instatlmenta at any installment maturity date, but this shall -
no? 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 deerr?ed 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/Michael C. Ronson
/s /Elizabeth J. Ronson
(SEAL)
(SEAL)
(SEAL)
t.li~
~ 4 P~Gt: ~ ; '
-