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~o ~{aue and to Mold flu• ~uou•, (uyr~llu•r wiflr fire Ir•nenuvrh. lu•rr•~lilunrrnls unl uptaulr I
nunr~rc tluvefo l,elunging, and Iln• rr•als: issue,c uad profile Ilu ?eof , unlu lire marlgu~p•e. in fee simple
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i ~nd Ilrr• nx,?I~ta~tur r•orenurfs u•iflr flee mutt}tayee Ilurf llu• mo?Igngu? is indr•frvrsil,l?' sr•iZr•d of swirl
I larul irr jee simple; flraf flu• morltpr{far has ttarxl ?ifthf and (awful auflu,?ify fa r•onrey said lurid as afore
!i .uirl: Ilia! Ilrr murfgauor will malts such {urll~er usstuanr•es to perferl IIrP fee simple lille fo sni.l land in 16e
mortgagee us nuq• reasonal,l 6e ?et uirr•d; tlraf flu• mart tagor lu•?el, •arranfs the title la said land
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` and will de/end fire same aryainst the lawful claims of all persons u•Iromsaerer: and 11rat said land is free
f arrrl ~~lr•rr. aII all a?tr~ ml,.arrt-es except that certain first mortgage as recorded
in D.R.Book 1~8, at page 2899 of the public records of St. Lucie
County, Fla.
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PROVIDED ALWAYS: that if said mortgagor shall pay unto said
. mortgagee the certain promissory note
hereinafter substantially copied or identified,
to-wit:
~ 4,510,00 ~ 765
Fort Pierce, Florida August 18 19 80
for valve received, 1, we, or either of us, promise ro pay without defalcation to the order of
'Harris Construction Corporation, as Trustee , at the office of the payee
herein in Fit Pierce Florida or at such other plsoe as ihs payee herein II designate in writing, the
sum of ~ • 510 . b 0: with interest from date at the refs of l~• 0 % per annum, payable
in monthly installments as follows, to-wit:
t 81.27. on ~1e 10th day of September fq 80 and likke su
on the torte i da of each like su~oeBdi month thereafter anti Paif~ in trill.
Notwithstandin the be o stated right of prepayment, the ~erein -
pro ssory no a can not be prepaid until September 10, 19$1. Also
notwithstandin the below stated late .penalty as a percentage o3`-
arrears, a stein applicable late penalty is understood to be a Plat
$15.00 for each and every month the herein 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
N . ~,.e wsert rl~.s ..fv.r~~n ~ ~ t{ur~t ~ts~ f{~s I~rer?^ of f~i~ ev~is r~m~fn ~~nnaia
III Curter: 7 w .v, v. p..r. r... ..r...
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.
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 st 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
the holder hereof aher 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, arx! 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 eolledion, including a
reasonable attorney's fee in the event of any default hereunder.
WITNESS THE HANDS AND SEAL OF EACH PARTY. /s/ Dorothy E. Conboy, indiv~il
(SEAL)
/s/Dorothy E. Conboy, as guardian
(SEAL)
Con oy a/ /a homes Conboy
(SEAL)
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