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11???1 ?d?•?1r ,111 ?•?1<-1?n l?ra?1?•r•s except that certain first mortgag_
in O.R.Book 32~, page 1534 of the public records of St. Lucie
County, Florida.
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PROVIDED ALWAYS: that if said mortgagor shall pay unto said
MORTGAGEE herein the certain promissory note
hereinafter substantially copied or identified,
to-wit:
i
s 4,842.14 ~ 772
August 23 80~
Fort Pierce, Florida 19
For value received, 1, we a either of us, promise to pay without defalcation to the order of
Harris Construction Ctorporation , at the office of the payee
herein in P' 1 ids or at such other place as the payee hereiq ~ha~l designate in writing, the
sum of ~ ~ with interest from date at the rate of lv • V gt, per annum, payable
in monthly installmenh as follows, to-wit:
- 266.02 10th September 80 x46.00
~ on the day of ~ 19 and i>IGIK~i~~
on the corresponding day of each like succeeding month thereafter until the 10th day
of October 1985 at which date the then unpaid amount of princlp 1
balance and any accrued interest thereon will come due and pays le.
Idotwithstandin the below stated late penalty as a percentage of arrear ,
die ere n a e penalty is understood to be a flat X15.00 for each .
and every month the herein note is in arrears.
IrRk event any amounts wrrentty due and/or past due under the terms of this note are rat paid
by the l t day of the month, •a late penalty of 5.096 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
Ij 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) 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.
(S) 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 bat-
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
rat extend the time of maturity of any subsequent installment. Neither forbearance, nor acceptance by
the holder hereof offer any default in any patrrgent hereon, shall be deemed extension.
i Each maker, wrety and endorser hereof, iointly 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 she event of any default hereunder.
/s/ Robert A. Carr
WITNESS THE HANDS AND SEAL C?F EACH PARTY.
~ /s/ Gloria D. Carr
(SEAL)
('•~°?L)
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(SEAL)
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