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' i RC~.'IDEU ALWA'i~: ; f said mortgra€ror shall pay urtto said mortt;at~ee
the ^ertain promissory note hereinafter
substantially copied or identified, to-wit:
•
1,100.00 775
No.
• Septer7>aer 10
- Fort Pierce, Florida 19
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 Fort P~1,~~~ ~~rida or at such other plane as the payee herein ~i~110 designate in writing, the
sum of S ' with interest from date at the rate of t5 96 per annum, payable
in monthly installments as folbws, to-wit:
50.00 on the 10th day of October 19 80 and a like sum
on the corresponding day of each like succeeding month thereafter until paid in full.
:dotwithstandin~ the below stated late penalty as a percentage of
arrears, a apFlicabie late penalty herein will be a flat $15.00
for each ar~d every month the herein note is in arrears.
1 the event any amounts currently due and/or past due under the terms of this note are not paid
by the L;tn day of the month, a tale 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
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 anti added to the amounts
corning 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.
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(1) Regularly amortized interest and principal payments.
(2) City and/or county taxes when paid by the payee herein.
j ;3) Insurance premiums when paid by the payee herein.
~ (4) Senior mortgage payments when paid by the payee herein.
f Street, sewer and water {lens when paid by the payee herein.
,I Each installment first shall be applied in the payment of the interest and then on tha 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 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
i. not extend the time of maturity of any subsequent Installment. Neither forbearance, nor acceptance by
the holder hereof after any defau{t in any payment hereon, shall be deemed extension.
Each maker, surety and endorsar 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 a{l 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/ Lenora Pullen (SEAS)
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