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unt~ ~~~•nr u~ n~~ ~•n~ ~~m~~rn~~~ ~~~ E; XCE.'~>t ttli31, C~ 2'Ci.12I7 f~l I'S1: II:OT't ~'ci~;E.' i::; I'E'l; Cit'(l~~ i1
~ iii (; , R. i~ook 307 , E~a~Te 26U8 , puU 1 i c recoi•~s of' :~.t . Lucie Cc~ur~ty .
+ f'HUVIllf:U ALWe1Y:~ : tt~~~t i f' :~~ i~ tit~ i•~ ~n i~ (~h`P(~A~;Oh ;~t~~~ 11 ~;ay ur:te, :;~~id
; - t~ei~eln I~'~f;TGAG:•:i'. ',;t~~t certain ~~r•or-:i:.~ory nute
her•~iri~1'tei• ~u~~~t~~r:tiall;; c:oF~:eei c~t• idc:t:tif'ic~ci ,
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Fort Pierce, Florida ~'~e t rua ry ~, ~ 9 ii 1.
For value received, I, we, or either of us, promise to pay without defalcation to the order of
}farris Construction Corporation , at ihe office of the pnyee
herei~ in Fort Pierce Florida or at such other place as the payee herein shall designate in rvriting, the
sum of S~' -2 51. 6~ with interest from date at the rate ofl d• 0 0 96 per annum, payable
in monthly installments as follows, tawit:
a~~ .CC ~ t}~, 2Citt1 day of r:gr'ctI 19 tZ and a like sum
on the corresponding day of each like succeeding month thereafter until ti~e 1Gth dd~'
itF~rii, ;~~ :,~~ ~-t w2,ic's. date the then unpaid principal talance an~i an;;
accrued interest due thereot~ wiil Le ciue ai-d c;ayable.
;iUT4:i`.:1~SZAi:D~;:G tYze t~elor~ stated Iate ~enalty a~ ~z rlercentabe of arre~r~ ~
tile ~ate penalty ~pplicable to th~ here~n ~ror~issory r,ote is understoc~c3
to be a flat $15.00 for eacYi ar.ci every iaor.tii the herein ncte ia in ~rrea ~s.
In the event any amounts currently due and/or past due under the terms of this note are not paid
by the 2 ~ th 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
current{y due and!or~ past due payments or parts thereof under tfie terms of this note remain unpaid
at the end of any month, then said unpaid amount will be carried forward and added to the amounis
coming due under the terms of this note for subsequent months for the purpose of caltulating subsequent
late penalties. Amounts due under the terms of this note are understood to be but not limited to.
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(1) Regu{arly amortized interest and principal payments.
(2) City and/or county taxes when paid by the payee herein.
(3) Insvrance 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.
Eacfi installment fi~st shall be appl~ed in the p.~yment of the interest and then on the unpaid bal-
ance of the principal sum. If default is made in the payment of any inslallment 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. Privifege is given to pay two or more installments at any installment maturity date, but this shatl
not extend the time of maturity of any subsequent installment. Neither forbearance, nor acceptance by
the holder hereof after any default in an;~ payment hereon,- shall be deemed extension.
Each maker, surety and endorser hereof, joi~tly 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 OF EACH PARTY. ~5~ ~ylEna M. Rosher ~~~
Sylerid t•:, i:oar.er
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