HomeMy WebLinkAbout0277 ~o ~iaue and to Mold Ihy some, logyfhyr with Il?o feneme??Is, here<litumy??fs and upp??rty
nancys fhy?yfo 1?ylunging, and Ihy ?ynfs, issuys and profits thereof, unto IhP morfgageq, In Jyy simply.
end Ihy mortga{for covrnanls ?rith 1{?e morft~agey Ihaf fhy mortgagor is indyfyasi6ly syizycl of sold
land in Jyy simply; that Ihy mortgagor has good right and lawful authority to convyy said land as afo?e-
saicl; Il?al Ihy mort~~u{tor mill make such Jurfher assurances fo perfect the fee simple title to said land in the
mortgagoe as may ?yasona6ly be required; that the mortgagor hereby fully u~ar?anfa the fitly fo said land
and ?i~ill clyfynd the same against the lau~Jul rlaima of all persons whomsoever; and that aaid land is Jree
and clyar of all ync??mhrancys eXCept that certain first mortgage as recorded
in O,R.Book 208, page 1720 of the public records of St. Lucie
County, Florida,
PROVIDED ALWAYS: that if said mortgagor shall pay unto said
mortgagee-that certain promissory note here-
. inafter substantially copied or identified,
to-wit.
s 1, 700.00 No 761
Fort Pierce, Florida 25 June " '`19 80
For value recoived, 1, we, or either of us, promise to pay without defalcation to the order of
Harris Construction Corporation , at the offica of the payee
herein in Fort ~i~e,OFaorida or at such other plsoa ss the payee herein t~ll Odesignate - in writing, the
sum of ~ 1 a ~VUU • U with interest from dato at the_ rate of % per annum, payable
in montMy installments as follows, to wit:
43.17 ~ ~ 10th day of July 19 80 a a Ijke s
on thhee Dory da of lace -month therea u IpB~d in >~timll.
NotNithstandin Moen` b~lo~i stated r~go~ prepayment, ~~le note can
no a preps until 10 July 1981. Also notxithstendin the below
stated late penalty as~a percentage o arrears, a understood
that the late penalty herein in 8 flat #15.00 per month for each
and every month-the herein note_ia in arrears.
In the event any amounts currently due and/or past due under the terms of this -note are not paid
by the ~5t~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 the month in question. If
currently due and/or past due payments or park 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
j Doming 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.
(1) Regularly amortized interest and principal payments.
p (2) city and/or county taxes when paid by the- payee herein.
? (3) Insurance premiums when paid by the payee herein.
(4) Senior mortgage payments when paid by the payee herein.
(S) Street, sewer and water liens when paid by the payee herein.
J~ .
Each installment first shall be applied in the payment of the interest and then on "the unpaid bal-
ance 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 aoceptanoe by _
the holder hereof offer any default in any payment hereon, shall be deemed extension.
Ead~ 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 oolledion, including a
t reasonable attorney's fee in the event of any default hereunder.
~ WITNESS THE HANDS AND SEAT. OF EACH PARTY. /s/Mark orie Gaskin.
_ (~°?f)
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