HomeMy WebLinkAbout1217 i~
~ 1lry snnu•, fu~p•Ilrrr evilly Ilry fynynua?fs. lu•ryd?la?nyrrls arul uppurfv
~o ~iaue and to Mold
j no?u•vs flrvrvlu {rvluru~irrq. ruu{ 1{rv n•nls. iscuvs and p?uJils flrv?vo~. unlo 1{rv morfgugrr•. in Jva simfrly.
I' land Ilrv murfffn~~ur t'ovvururfs ?vil{? Ilu• murf~~ufft'e 1{ral flty murlffat~ar is inlvJr•asi{?IY •vr.vr{ o~ said
land 'in (yy simply: flraf flu• mo?fffa~orfflras 4~rwd rinlrf and lawful aufl?arity fu ?•anrr•y said b?nd as afore-
! srllll; fllllf f111• fllrrlfr~rlrfar 11'111 n1a~N SI/l'I1 Jllrfllyr aSSI/Ialll'PS f0 frt•IJPff fhP JPP SI/tInIP fiflP f0 Sa111 la?!(1 1?1 fhP
1) nu??fryarµ•y as ?11r1~• r(•aSOllalrly 1?P /Pgl?irP(1; f{raf fIIP morlgarfor IIPMIry /Ully u•a?ranfs fhP fIfIP/fP SQId la?Id
Ir11(1 11'111 fll•Jy?,?r ~frlP SaR1P a(fa1115f fIIP IaU•Jal !'lalms OJ QII pPrSOllt lohamsaPVer; a?I(1 that Salll Ia11d IS jIPP
and clyor of all ync-um{rmuc.t•s except that certain first mortgage due to -
First Federal S&L Assoc, of Ft. Pierce in the amount of $20,400.00
and recorded in O.R.B.-260 at page 64 of the public records of
St. Lucie County, Florida, '
- Provided always: that if said mortgagor shall pay unto said
mortgagee the certain promissory note herein-
after substantially copied or identified, to-
wit:
4 ,134. to ~ 770
Fort Pierce, Florida August 22 19 SO
For value received, I, we, or either of us, promise to pay without defalcation to the order of
Harris Construction Corporation , at the office of the payee
herein in FQ?t fj~cel~lorida or at such other plaoa as the payee herein ~f~110designflte in writing, the
sum of ~ ~ with interest from date at the rate of o • % per annum, payable
in monthly installments as follows, to-wit:
~ 66.58 on ~ 10th day of September 19 $0 and s like sum
on the corresponding day of each like succeeding month thereafter until paid in full
Notwithstandin the below stated late penalty as a percentage of -
arrears, a ate penalty applicable to the within promissory note -
is understood to be a flat $15.00 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 25thday 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 8f 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.
(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.
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 sum. If default is made in the payment of any installment when due, then at the - -
option of the holder, and without any other nonce, 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/ Virginia V . Blue (~qU
-
(SEAL)
. (BEAU
. (BEAU
r
f
p }
ar:~lx~~ PAGEI~O4 ~
- ~
-