HomeMy WebLinkAbout1758 ~i
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~o Piave and to Mold IhP sanlP, lugPlller with the fPIiPnlPnls, •hP/e(11t4/11PRf! aII/l appll?IP-
- IIa/11'Pa fI1PrPt0 hPIU/lilt/lg, Q/lfl tIIP rPllta, iial/Pa Q/ld proflta thereof, IInfo the mortgagee, in fPP simple.
~nd fhP mortgogor covenanfa with the mwfgagee that the mortgagor is indefeasibly seized of said
la?1(1 t?1 f
PP simple; flint the mortgagor Ilan good ?ight and lawful authority to conl~Py said I/l/ld as of
o?P-
sai/l; that the mort~ago? will make such furflier assurances fo perfect the fee simple fills to said land in the
nlorfgageP as may reasonably be ?equired; that the mortgagor hereby fully warrants the title fo said land
alld will dPfe?Id -the same against the law ul claims of all persons uihomsoever; a d that said la?Id is jree
an(1 clear of alt Pncllmlirances excep~ those prior mortgages o2~ record.
; yr, n, •'+at%~t! '~S t'«~ L~tr• iVtat
PROVIDED ALWAYS: that if said mortgagor s~i~Y~~pay unto .said
mortgagee the certain -promissory note here-
inafter substantially copied or identified,
to-wit:
1,100.00 _ ~ 766 '
FcKt.-Pier~os, Honda: July 25. 1~~
For value r~soeived, 1~ we, or of en, promise to pay without defslcation tort a order of
Karns Construction Corpora . ou, as Trustee , ~ ~ office ~ the pay~ef
herein M ~ Pi~, ~rida a at such other. plso~ as payee t>erein ~pll~ designate In writing, the. .
sum of ~ ' with interest from date at the rats of j~a • % per aru~um, paYabls
itt monthly installments as folbws, to wit:
~,~,Q0.85 ar 10th. day of August 19 ~ and a like win
on the corresporxling day` of each .like wooeerling month theroafter until Pt'<l.d .in Tull
otwithstan the belox stated late- penalty- ae a percentage a!
rraare, e p thin applicable .late penalty is understood do be a
flat X15.00 for eaob end every month the ~rithin note is in. arrears. -
!n the event arty amounts wrrently due end/or past due under the terms of this note are not paid -
bY the 25th~y of the month, a late .penalty of 5.t)9G of the corrrbined amounts currently due and/or .
past due, will be added to end oolteded with whatever amounts are due for the ~ month in quest(on. if
4 currently due and/or past .due payments or part: 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 -
I - , Doming due under the terms of this note for wE~sequent months for the purpose of calculating wbsequent -
late penalties. Amounts due under the terms of this ~ note are understood. to be Wit not pmited to.
(1) Regularly amortized .Interest and princppal .payments- .
(2) .City and/or county: taxes when paW by the payee herein.
. (S) Insurance premiums when paid by the payee herein.
(4) Senior rrwrtgage payments when paid by the payee herein.
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-
ante of the principal wm. If default is made to the payment of any installment when due, then at the
option of the fiolder, and without any other notice, all the .remaining insfaHments shall be due and payable st
once. Privilege is given to pay two or more ir>:tallmenh at any installment maturity date, but this shall
not extend the time of maritrity of any subsequent installment. Neither forbearance, nor acceptance by
the holder hereof after arry default in any payment hereon, shall be deemed extension.
Each maker, swety and endorser hereof, jointly end severalty; waives demand, presentment,
protest and notice ~rf protest for nonpayment, and further agrees b any extension of time of payment,
either before or sfter maturity, without notice to.any of us; and to`pay all coats of_oollection, including a
reasonable attorney's fee in the event of sny default hereunder.
?HE FI~?tVDS ANA SEAL ~ EACH PARTY- /s / William Gardner Jr. ~Ay
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ec~t335 P,~1751