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Home My WebLink About1007 +1 y i i ~ ~o ~iaue and to ~iotd /lrr sana•, luryr•Iluv ruiflr Ilu• fr•nruu•nfs. Irr•rrvlrlunu•nls onrl uppurlr• nancrs flu•?rlr. Irr•luuyirrry. ruin flu• rr•nfs, iaurs u?ul pn?(ifs flu•rrv?(, unlu Ilu• murlffugrr•. irr (rr• .implr•. • ~ ~1`~ Ilu• rnorlryaryur corrnunls u•illr Ilu• morff~a4fer• Ilurf Ilu• morl{fagor is inrlr•(r•asil?ly :r•i_erl of said ~ land in (r•r• simplo: drat flu• morfryaffur lurs gu«l ?ifflrf and Iau~Jul autlrorify fo cunr•ey said land as wore znirl; Ilurf flu• nurrh~a~~or will malre such (urflrer assurances fo per(ecl 111P fee simple fills to said land in lire mnrf~~u~p•e as may rnasonahly be requimd; tlral tier mort{fagor hereby /ally warrants fire title to said land aml will dr•(wul fire «rme anainst the lawful claims of all persons whomsoever; and lhal said land is (rPP a.rrl clear r?( all encrrml?rarrr•es except that certain first mortgage r~ew encumbering aforesaid property; the unpaid principal balance of said first mortgage is not more that $8,000.00 as of the date of this mortgage. PROVIDED ALWAYS; that. is said mortgagor shall pay unto said mortgagee the certain promissory note hereinafter substantially copied or identified, t o-wit : ~ 4,300.00 ~ 764 Fort Pierce, Florida July 21 180 Fw value received, I, we, or either of us, promise to pay without defalcation to the order of Harris Construction Corporation, as Trustee at the office of the payee herein in F~prt ~~ce,~~orida or at such other place as the payee herein sh II designate in writing, the sum of S 4 ~ with interest from date at the rate of 1 ~ • 0 % "per ennum, -payable in monthly installments as follows, to-wit: ~ 7?. 48 on the 10th day of August 19 80 and a like s rr~. n the correspondin da of each like awing month thereaft untilpald in ~u11." ilotwittistand~ng~ the bel~w Mated right of prepayment, ~he herein note can not be pre-paid until or after August 10, 19&1. Also notwithstandin the below stated late penalty- as a percentage of arrea`rs`~I• s _ un er- stood the late penalty applicable herein will be~a flat $15.00 for eacY~ & every rTiorlth the rereirl note is in arrears. In the event any amounts currently due and/or past due under the terms of -this note are not paid f by the ~ 5 t nday of the month, a late penalty of 5.0% 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 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. - 1 (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) 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 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, 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/ Willard Nathaniel Darvil~L) /s/Ross B. Darville (SERI) (SEAL) ~ rc~~r~ ~~•~r I Iii~ I~ ~;,rr •1~~ PlGE ~Vil~ ,;r _ _ _ H:. - ~ - - -