HomeMy WebLinkAbout2608~o ~aue and to ~otd f~~P sam~•, fug~•f~~~•r a~ifl~ 1~u~ trni•m~•nfs. ~~~•re~~ifurnenls am~ uppuifP
-~nn~•rs I~~~rnfu ~i~~~onlli~~{~. ~~n~~ 1'~r mnfs. issu~~s u~u~ pro(ilt I~uviai~. ~uifo 1{~N morf~a~~re. in ~rr sin-p~r.
~n~ l~~r m~~rl{~agor i•orrnanb ~oil~~ f~~e mu~l~~a~~ev ftial Ihr morfgw{~u~ is in~~~•~~~asib~y sNizi•~~ o~ sai~
lan~l in J~P simplN: 1ha1 fhe morl~ago- hos ~o«~ ri~ht and lau~~ul a~~tho.~iy ro cun~~py snid I~u~d as ufora~
sni~l; Il~ul 11~~ mort~~ngor ~ri~~ malre sucti f u-ti~er assurances to per~ecl Il~e ~ee simp~e lil~e to said land in fhe
m~rtya{~pP as may reasona6ly ~e -equire~: 1{~al Ihe mortgagor {~eretiy f u~~y u~arrants the fil~P to sait~ ~anc~
~u~d ~oill clP(pnd the same agai~st !he law~ul claims o( ull persons whomsoci~er, and tl~a! ~~id Innd is ~~ee
~.~d ~•ipn. o/ pll enrumbrances eXC@pt that certain first mortgage due to
Citizens Federal S&L Assoc. of St. Lucie County, Florida.
PROVIDED ALWAYS: that if the said MORTGAGORS herein shall pay unto
the said MORTGAGEE herein the certain promissory
note hereinafter copied or identified, to-wit:
t5,4o0.00
No 796
Fo~r Pierce, Fiorida FebruarV l~_ 19 81 •
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 pnyee
herein in Fort Pierce Ftorida ot at such other plaee as the payee hereii~haoll design~atre in writing, the
sum of ~ 5.400 .~0 with interest from date at tfie rate of % anrtum, payable
in monthly installmertts as follows, to-wit:
~ 97 . 30 ~ thPlOth day of ~rch ~9 81 and a like sum
on the corresponding day of each tike succeeding month tt~eieafter until paid i n full .
Notwithstanding the below stated late penalty as a percentage oP arrears,
the applicable late penalty is understood to be a Flat $15.00 for each
and every month the herein promissory 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 25th day of the month, a late penalty of 5.096 of the combined amounts c~rrentty due and/or
past due, will be added to and collected with whatever amounts are due for the month in question. If
currently due andlor 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 forw~rd and added to the amounts
toming due under ihe 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 counry taxes when paid by the payee herein.
(3) Insurance premiums when paid by the payee herein.
(d) 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 th~ 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 instailments 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 tfie time of maturity of any subsequent installment. Neither forbearance, nor acceptance by
the holder hereof after any defauft in any payment herean, shali be deemed extension.
Each maker, surety and endorser hereof, jointfy and severally, waives demand, presentment,
protest and notice of protest for nonpayment, and furtner agrees to any extension of time of payment,
either before or after maturiry, without notice to any of us; and to pay all costs of collection, including a
reasonable attorney's fee in the event of any defautt hereunder_
WITNESS THE HANDS AND SEAL OF EACH PARTY
;
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~
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~;~ _ .
/s/ Au~ust Stoncius ~~q~~
August 5toncius
(SEAL)
/s/ Barbara Stoncius (SEA~)
tsarbara ~r,onclus
(SEAL)
~~R~348 P~~~2606
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