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~o ~ue and to ~loid ftie snmv, foyet{,er euilh Ihe t~~me~fs. ~?Pret~e~emenls an~ nppurle
?i~nr~s f~erefo hp~on~ing. an~ fh~ rnnfs. issuPS an~ pro(ils IhPreo(. unfo ftip mo~tgagpp. in f PP simp~p.
~1~ ll~e mortc~~gor i-o~~rnanls u~ill~ Ihe murtgnpee Ileal the mortgagor is ind~'PAltb~) svizec~ oJ said
Innrl en ~~e sim~~~v; tl~at the mortqagor has good rigl~t and ~au~fu~ aulhority to con~~ey sai~ ~and as afore
said; ~hnt thP mor~c~a~or u~ill make such Jurtl~er ussuranres to per(ert ~I~e /ee simple tille to said Iand in the
mortyagee as ma~ reasona6ly 6e requi?rd: Ihat t~e morfgagor I~erel~y ~ul~y u~arrants fhe fif~p to snid ~ancr
and u~ill dP(pn~ tl~e same against !Re lau~Ju~ c•~aims o/ al~ penona u~homsoei•er: and Ihat satd Innd is /?ee
a~d ~tP~. o/ ~II enrumhrnnces except that certain firsh mortgage to Harbor
~ Federal S&L Assoc.(For~erly known at First Federal S&L Assec.),
Provided alwayS : that if said mortgagor shall pay unto said
mortgagee the certain prornissory note
hereinafter copied or identified,to-~vit :
_ _ , . , _ .
s4,9CO.o0 859 -
No
~ Fort Pisroe, t~tida July 20 ~p $3
Fot value received, 1, w+~. or either of us, promi~e ro pay witfiout d~falution b tlt~ order of
Harris Construc tion.;,Corporation , as Trustee , at the office of th: payee
~ here~ri in Fort Pierce Florida ot Lt :~cfi o1i~ plaoe ss ths peyae herein sfi It design~ie in writing, the
~ sum of s`~ ~ 900 .(f 0 ~~~st from date. at the ratc of 1~ • 0 X per annum, paysble .
in monthiy installments as fc+llow=, to-wit:
s 88 • 30 ~ t~ lOth day of AUBust ~q 8~_ a like sum
' on the correspondin9 day of each like succeeding month tfiereaher untilpSid in full.
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i
!n the av~ent any amounb currently due and/or past due under the /erms of thls nott ars not. p~id
bY t~ 25th dsy of ths month, a leh penafty of 5.096 of the oombined amouma cw~ . due or
; past du~ wtil be added b ard aol{ectsd with whatever amour?ts are due fw the ton,~ tf
~ qu~t
` curronNy due and/or past due paymenh or parts thereot under the terms of this note remain ur~iaid
~ at the cnd of any monfl~, then said unpaid amount will be carried forward and added to the amounts
~ comir~ dut u~der tfis tem?s of this note for iubsequent mo~tfia for the purpose o4 calwlating wbsequ~nt
; ; late penalties. Amounfs due tmder the term= of this note are undentood to be but.not Ilmited to.
~ t= ~ , , - ; . . .
~ (1}- Re~ul~tly amortized interest and principal payments. :
~ (2) tity and/or oounty taxes when paid by the payee herein.
(3) Insurance premiums when paid by the~payee herein.
(4) Senior mortyaQe paYments when paid by the payae heroin.
~ Sheet, sewer and water liens when paid by tfie payee herein. •
~ Each insfallment first shall be applisd in tfie payment of the irYterest and ttten 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 wit~out ar?y othet notice, all the remnining installmertts shs(1 bs due snd psy~ble at
E o~ce. Ptivilpe is ~iv~n 1~o pay. two or mpre inttallments at any. h~tallmsn~
mafurfty da1~. but thi:. thall
~ =not ~xtand tfis tims of matvrit~r df anr subiequent installrtsent. NN}her {o~ance, no. ~aooeptanod by
~ the holder her+~of after at~r defauh.i~ any payment hereon, :hall b~id~erned e~enslon. ~
f . :
E . Eacfi malcer. wmty ~nd aridorsM hereof, ioinHy ar~d sevsrilly, wafve~ t.demet~d; , present~nt,
protest and notice of protest for nonpayrrknt, and further agrees to any extens(on of time af payment,
either before or after maturity, without notice to any of ~s; and b pay all costs of oollection, including a
; reasonable attwnry's fee in the ev~eM of any default hereunder.
WITNESS THE HANDS AND SEAI Of EACH PARTY. ~S~ John W. Mci~ti llan Jr . ~y
John W. MdNlflllart Jr.
fSEA~)
~ /s/ Dorothy M, htillan ~~~j
~ i)orothy ~4 . McI•! i l lan
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