HomeMy WebLinkAbout0711 ~o ~iaue and to Mold IhP same, together with the tenements, hererlifumenls sort appurle-
nanrPSjl~hPrPfo belonging, and IhP rents, issues and profits fhP/POJ, unto IhP mo?fgayee, in JPP simple.
Bind IhP mortgagor covenants u~illr the murllfagee Ihal the mortgagor is indefeasibly seized of said
land in JPP simple: that the mortgagor has good righ! and lawful authority fo convey said lurid as afore-
said: that ihP mortgagor will make such fu?fher assurances to perfect the fee simple title !o said land in the
mortgagee as may reasonably be required: that the mortgagor hereby fully warrants the title to said land
and will defend the same against the lawful claims of all persons whomsoever: and that said land is Jree
and clear of all encumbrances except that certain first mortgage as recorded
in O.R. Book 322, page 2164, public records of St. Lucie County,Fl.
PROVIDED ALWAYS: that if said mortgagor shall pay unto said mortgage
the certain promissory note hereinafter sub-
stantially copied or identified, to-wit:
s 5,314.84 ~ .758
- Fort Pierce, Florida 27 June t9 80
For value received, 1, w4, or ~Ither o~ usitpOp
~~O pay without defalcation to the order of
Harris Cons run on o , ~ ~ office ~ payee
herein in For P, I~~ida or at such other plane ss the payee hereir~~a~- designate in writing, the
sum of ~ ' with interest from date at the rate of 76 per annum, payable -
in monthly installments as follows, to-wit: -
=-50.00
333.77 on the 10th .day of July t9 80 and
the r i da f ea like month thereafter un 'I the
1~
~ay o~ A~g'dusr'~ 1~~5 at uhia;ri da~~ the then unpa~d principal
balance and any aaarued interest due theraon Mill 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 ~5thday 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 the month in question. If
currently due and/or past due payments or parts .thereof under the terms of this note remain unpaid
~ st 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 rate. 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.
(t) 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.
I (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 wm. If default is made in the payment of any installment when due, then at the
optwn 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 a more installments at any installment maturity date, but this shall
not exterxl the time of maturity of any subsequent installment. - Neither forbearance, nor aoceptanae 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,
4 either before or after maturity, without ratios to any of us; and ro pay all costs of oolledion, including a
reasonable attorney's fee in the event of any default hereunder.
WITNESS THE HANDS AND SEAL CiF EACH PARTY. /s/James P. Swain
/s/Alma- V. Swain (~L) ;
- (SEAL)
- (SF.~?L)
I;~aK334 PEE 711 -
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