HomeMy WebLinkAbout1353 _
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~o ~laue and to ~iotd _ ~
the sam,•. f,uµ•Ilu•r a:ifh Ilu• lenrrnr•nls.~ h~•mdifumr~nfs and uppu?le
Hours Ihen~fo belonging, nnrl the reels, issues and pn,/ils Ihrnar/, unto the marlguyee• in fee simple.
find the mar?ttagor r•oeenants u~itlr the mo?tga~ee that the nurrtgagur is role/easibly sailed o~ said
land in (ee simple: tbnt the mortgagor )ras flood right and lau,Jul autharity to roneey said haul as a/ore
said; that the mortgagor u•il~ R1akP sorb /urlher assurances to prr/ec•t the /ee simple lille fo said land in the
mortgagee as mm~ reasonably Ire required; that the mortgayor hereby /ally u~arranls the title to said land
and will de/end the same against the lau,/uI claims o/ all persons u~homioever; and that said land is /ree
and clear a/ all encumbrm~ces except those first mortgages recorded in
O.R,Book 238, at page 936 AND 940 respectively-of the Public
- Records of St, Lucie County, Fla,
PROVIDED ALWAYS: that,if said mortgagor herein shall pay unto
said mortgagee herein the certain promissory
note hereinafter substantially copied or
identified to-wit:
t 4,400.00 ~ 763
Fort Pierce, Florida June 20 19 80
• For value received 1, we or either f us, promise to pay without defalcation to the order of
Harris Construe ion CorPorat~on,as Trustee , ~ the office of the payee
herein in Fits ~i~e,~rida or at such other place as the payee hereinl~alj~ designate in writing, the
sum of ~ with interest from date at the rate of ti u % per annum, payable -
~n -monthly installmenri as follows, to-wit:
~ - 80.00 on _ d1e loth day ~ July tq 80 and a like a m
on the oarres i da of each like suozeeding month thereafter untilp8ld in ~11. ,
Po~~n9 Y -
Notwithstandin the below stated late penalty as a percentage of arrear ,
e ere n a e penalty is understood to be a flat charge of X15.00 for each
an3-every month the herein note is in arrears.
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In the event any amounts currently due and/or past due under the terms of this note are not paid
• by the 25thday of the month, a late penalty of 5.0% of the combined amounri 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 fo 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. r
(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-
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ante 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
j 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/ Emma Lee Morris ~
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