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record in the approximate amount of $15,533.07 and serviced by
1 Stockton, Whatley, Davin and Company,
PROVIDED ALWAYS:
That if the said MORTGAGORS herein. shall pay untc
the said MORTGAGEE herein the certain promissory
note hereinafter substantially copied or identified
to-wit:
s3,~5o.00
No783
Fort Pierce, FloridaDecer.-ber 8, 19 80.
For value received, 1, we, or either of us, promise to pay without defalcation to the order of
Harris Construction Corporation, as Trustee , at the office of the payee
herein in Fort Pierce, Florida or at such other place as the payee herein hall designate in writing, the
sum of ; 3,450.00 with interest from date at the rate of1~.00 %per annum, payable
in monthly installments as follows, to-witc
s_62.17 «, ~lOth day of January 19$1 and a like sum
on the corresponding day of each like succeeding .month thereafter until paid in full.
i+otwithstanding the below stated late penalty as a percentage of arrears
the applicable late penalty is understood to be a flat 515.00 for each
and every month the within promissory is in arrears. Notwithstanding the
below stated right of pre-payment, this within promissory note can not
be pre-paid before the 10th day of January, 1982.
In the event any amounts currently due and/or past due under the terms of this note are not paid
by the 25th day 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 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 t:ounty 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.
(5) 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 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 CIF EACH PARTY. /s/ Bobbie i{leckly (~`)
O e y
(~~)
/s/ Eule Kleckly
(SEAL)
(SEAL)
1:K3~~4 P~f2~2fi
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