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HomeMy WebLinkAbout1743 i ~o ~iaue and to Mold Ilu• :nnu• lutl?•flu•r a.?a? fl,r 1.•nrnu•nfs. lu•rr?lilunu•nlc nn?1 u/q,urfr na,u rc fl?rn•f?. l,olunyi?„~. ?uul Iln• rr??!c. iccurc mul pn,~il: Ilu•r?•.?j, w?lu Ilu• nu?rltlu,lrr. ip f t•?• cim/,1?• i~ ~1 'j n I ~~R Il,o murf.luryur t urr?uu?Is u•ill? tl,?• n1u?f~ltufv?• Il?uf fl,r nlu?lyullur irul••~,•ucil?Iv a•?_rd ul suitl a lurid i?? si?n/?1?•: flu?f Ilu• ?nurl~lugor lure ~luu?1 ri!Il?1 un?1 lu?t•.1u1 uullu??ily lu ?"c>n?vY cni?l lan?l us ulo?t• .ni?l: !lu?f Ilu• nu,rf?~n~for udll ?aaw• curl? ~urflu•r accnranr~•~ fu /??•r~t•t-f Ilu• jrt• sintplt• liflt• fu ~aitl lan?l i?i fl?t• nu?rfy??ip•e us nwv n•ncunnl,ly l?t• nv/uin•tl:' flurl flu' nu?rf!lugor lu•rt•l?y (ally u•t,?rnnfs Il?t• fill?• ft? snitl lontl uml will ?L•~?•nd flu' .nrnr a!luinsf flit' Inu•~ul t lnims of nil pt•rsous u•lu?mcot•?•t•r• anti fl?t?t xnitl land is (rt•t• un?1 tI?•??r nit t•???,?n?1,:nnr,•s except the presently existin7 first mort:,ra~;e due to First ;Federal SF~L :,ssoc. of Fort Pierce, ^lorida, and taxes I accruinr~ after 3i December 1980. i " I P:~CSIIDr,i~ E1L~:~YS t that if the herein i•i0R'i'1~GO.iS shall pay unto the I herein I~:ORTGt1G::~ the certain promissory note I hereinafter substantially copied or identified, ~ to-witt Fort Pierce, Florida ~ : ove:~tber 11, 19 ~ C • For value received, I, we, or either of us, promise to pay without defalcation to the order of r~rris i:on:truction ::;orpnratlon,a•s `rustee, , at the office of the payee herein in Fort Pierce Florida or at such other place as the payee herein all designate in writing, the sum of S • 2 50. ~C with interest from date at the rate of 1~, 0 96 per annum, payable in monthly installments as follows, to-wit: t 1i2, n2 on ~ 10tH day of ~leoo~~~=r 19 ~C and a like Sum on the corresponding day of each like succeeding month thereafter until 7aiu in f111 ct„it}Z:.tarctir~- L!:e }aelo,•r stated late rena7.ty as a ~ercentt~Ye of ::l.rre:.~r: tr,e more r. ate nanalty is u*:clerstood to 'tie a flat 1.00 for each a.::c3 every ~ontii the herein note is ir. arrears. ;`;l ,o notwiths :;~ndin~- +-t~e {.e- la?i stated rl ~ht of T~repay~:ent, the horoin ro .fl cr~n :zo e n?~ep.~ic~ untl]_ ~~tt~ary 1G rl~~?_. In the event any amounts currently due and/or past due under the terms of this note are not paid by the ~ith 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 , 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. k (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- 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 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 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 all costs of collection, including a reasonable attorney's fee in the event of any default hereunder. WITNESS THE HANDS AND SEAI QF EACH PARTY. (SEAS) _ C:~".?' .,::COG 1 F I I • ~n ~ 8r, ~K343 Fac~1 ~ 41.