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~o ~iaue and to Mold fire xamr, fogrlirt•r ruffh the Ir•ne~renfs. hrnedifunu•nls and appurle
na?u•r•s Ihr~n•fu Itt•lunginll. and Ilu• rr•nfs, i~sur•s and pru(ils fhr•n•a(. unto fire morlgugr+e. in jer• simply.
~nd fhr. mart{{ayor covenants u•ifh Tire mart{laves lira! ?he mortgagor is indr•(r•nsihly sr•iu•d of said
land in fee simf?le: that lire moNgagor has {food right and, lawful authority fo cunvey said.lunrl as afore-`
said: final lire morf~tagor,u~ill maire such further assurances fo perfect the jee simple Itlle fo said land in fire
mortgagee as may reasonably 6e required: Ihaf lire mortgagor hereby (ally warrants the fillP fo said land
and will de/end the same against the lawful claims of all persons whomsoever: and that said land is free
and clear of all enr•rrmlrrarrces except all taxes accruing subsequent to 31-
December 1979.
PROVIDED ALWAYS: that if the said MORTGAGOR herein shall pay unto
said MORTGAGEE herein, the certain promissory note
hereinafter substantially copied or identified,
to-wit:
~ 7,500.00 ~ ~ 762 -
Fort Pierce, Florida July 11 19 80
For valu¢ received I, we or a~t~er of us, promise to pay without defalcation to the order of _
Harris Cons ruetio~ Corpora on, as Trustee , at the office of the payee
FF ids or at such other place as the payee herein all designate in writing, the
sum of ~~s~~' U~ -with interest from date at the rate of l~ • 0 % per annum, payable
In monthly inatslimenh as follows, to-wit:
190.86 10th August 80
~ on the day of 19 end a like sum
on the corresponding day of each like suaeeding month thereafter yntii Paid in full.
otwithatandin the below stated right of prepayment, this herein not
can no a prepaid until the 10th day.of Auguat 1981. Also notxith-
stendin the belox stated late penalty as a percentage oat arrears,
e ate penalty is understood to be a flat #15.00 for each .and
every month the. herein note is in arrears. _
In the event any amounts currently due antra/or past due under the terms of this note are not paid
by the 25th day of the month, a late penally of 5.0% of the combined amounts ewrently due and/or
li 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 part thereof under tha 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 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.
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(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.
(4j 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-
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 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.
i Each maker, surety arx! endorser hereof, jointly and severally, waives demand, presentment, !
i 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; end to pay ail 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 ~ Wi 1 am .Gar r .
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