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~o ~iaue and to Mold V
1{~r .oot.•. fr?rp•11?.•r u•itlt 1lu• frur•nuv?ts. {u•rr.lUumrt?h unrl uf?fnulr
??anrr•. fltr?rfa lir•lun!fuu1, u?ul fhr rrnl±. issu~•s and p?ulth Iltrrra(, tutlu 1lu• murhfuyw• i?t Irt• sin?plr
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nd fl?r• na??fyoipu rurrnunis u•il{? 11?r mu?f~fa~lr?• flutl 1lu• morfflnltur i?ulr(rast{?lv sri_?•el of salt{
laml in Irr simply; tl?al Ilr~• murlgagw has gtxx{ ?igl?t and lau•(ul aul{twily fu t~wu•t•v iald land as ulorr
~airl: flat! 11?r• mu?Igayo? will mar sut•lt lurl{trr assuranrrs fu pr?(~'1 1{tp (rN simple tillp lu said land in 1{tr
i; o?urfifa~frr as nwv ?t•asanaltly l?t• ?r.tuirt•t{; Iltgl f{tr ntarlyagar {terrlty Dully u•arranls 1ltt• fiflt• fa sail{ {and
j 1111!{ 11.111 dr{t•ttrl lltr ~IInIN agal/1St 1{IP IQU•(ul a~lalms t)( all fN•/SWIS It•11Um30PPPr: f1?1/{ t{tat St1 U{ l0?lf{ IS (rPP
and t~lrar tti all t•nrttr?thrant-rs except that certain i'irst mortgage as recorded
in O.R.Book 272 at page 2805, public records of St. Lucie County, 4
Florida.
~ PROVIDED ALWAYS: that if said mortgagor shall pay unto said
mortgagee the certain promissory note
• hereinafter substantially copied or identified,
to-wit;
s 1,760.00 ~ 7bg
Fort Pierce, Florida AugtlBt 15 19 80
for value received, 1, we, a either of us, promise to pay w'~thout defalcation to the order of •
Harris Construction Corporation, as Trustee , at the office of the payee
herein in fort ~ceO~lorfda or at wdh other place as the payee barer II designate in writing, the
wm of i , 7 b V uu with interest from data at the rate of 1 s' • 0 % per annum, payabb
in monthly installmenh as follows, to-wit:
: 44.70 on the 20th day of September 19 80 and a like wm
on the oorresporxiing day of each like succeeding month thereafter until Paid In full
Piotwithstsnding the below stated right of prepayment, the within note
can not be prepaid until the 10th of September 1981. Also notwith-
standin the below stated late penalty as a percentage of arrears,
t e app cable late penalty is understood to be a flat E15.00 for
each and every month the within note is In arrears,
In the event any amounts currently due and/or past due under the terms of this note are not paid
by the 25th day of the month, a late penalty of 5.09E 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
I' at the end of any month, then said unpaid amount will be carried forward and added to the amounts
~ corm due under the terms of this note for w
ng bsequent itlonths for the purpose of calculating wbsequent
late penalties. Amounts due under the ternns of this note are understood to be but not limited to.
(1) Regularly amorti2ed 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.
f Street, sewer and water liens when paid by the payee herein.
t Each installment first shall be applied in the payment of the interest and then on the unpaid bal-
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 noYioe, 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 wbsequent installment Neither forbearance, ray aaeptanoe by
the holder hereof after any default in any payment hereon, shall be deemed extensron.
f Each maker, surety and endorser hereof, jointly and severally, waives demand, presentment,
j protest and notice of protest for nonpayment, and further agrees to arty extension of time of payment,
f either before or after maturity, witFwut notice to any of us; and to pay all costs of collection, inducting s
reasonable attorney's fee in the event of any default hereunder.
k WITNESS THE HANDS AND SEAL OF EACH PARTY. /s/ Ronald L. Troesch Sr, tSEp?U
/s/ Mary M. Troesch
(SEAL)
(SEAL)
of P
~3? ~ 6?8
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