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Home My WebLink About1047 4 To H~?va exn ~ro Hai.n the same, to~ether with sll snd aingular the tenement8, hereditamenta snd sppur- ten~ncee Lhereunto belo?~ing or in anywise appertaining, aad tha reveraion and reveraiona, rema'?nder or ra m~inders, und al~o e~ll t~he esta~te, rigbt, tiWe, intereat, homestesd, dower andraght of dower, eep~rate eatste, poesegsion, claim and demand whataoever, as well in lew as in equity, of the said I~3ortgagor in and to the same and every part thereof, with the appurtenanoes of the ei?id Mortg~or in and to the ae?me, and every part anc~ parcel thereof unto the said Mortgagee in iee eimple. The Mnrtgagur herebv oovenanta with the Mortgu~e~+, that he ie indefesaibly seized of said land in fee eimple or guch other eatate; if any es is atstsd herein; that he haa lull powetr and lawful right to oonvev the same ae e?foreeaid; that the land ~s free ~rom all enrumbrances except as herein otherwi~e recitsd; that said Mortgegor will mxke such further assurances to prove the aforesaid titla to said land in aaid Mortgegee es may be rexeon- ablyrequired, atid that said M~rtgagor cioee hereby fully warrant the Litle to eaid land, and evecy parL thereof, snd will defend Lhe same againat the lawful claims of all pArsons whomeoaver. PROVIDED !~Lw~YS Lhat it the Rtortgagor ahall pe~ unto t~he Mortgagee the?t cetLain pmmiasory nate, oi which the iollovving i~ s subatanti~l oops, to Wit: i lpr9p,p~~ ~ PierCe , Floric~?. ,19n5 • Septeffiber Fox Vwi.v~ R~c~ivan, the underaigned pmmise(s) to pay to VANGUARD ~;OR'YGA(~ C Q~tPANY , a corporation organised aad ezistin~ under the law8 of the State oP Fl.orida , or order, the principal sum of ~~~~d Nine Hiandred aad ;30~100--------------.._----------------- Dollars 10,900.00 with interest from date at the rate af ~y~ ~d ang-qua~er per centum ( ~J'n) per annuxn on the unpaid balance until p~aid. The said principal and inten~st ahall be paya~le at the office Vanguard Mortgsg~e Ccmpe~rLy, 7~A0 Bisc~yne Boulevard in Mi~i ~ FlOrids , or at such other place as tfie holder may deaignate in writing delivered or mailed to the debtor, in monthly installments of Sixty and 28~100______ Dollars (t (ip.2$ commencing on the first day of November , 1~ 65 , and continuing on the fiist day of eseh month thereafter until this note is fully paid, eacept that, if not sooner paid, the final payment of princapai and intere~st ehall ba due and paysble on the firat day of Sep~t~ber , 19 95 . Priv ge ~a reserved ta prepay at an~ time, without premium or fee t~e entire indebtednoes or sny part thereof not less than the amount of one mstallment, or one hundred dol~ars (~100.00), whichever is less. If any deficiency in the paym ent of any inatallment under thig note ia not m~?de gc~od prior to the due date of the next su+r,h inatallment, the entire princip~l ~uxn and accrued intereet ~hall st once become due and ~ay- able without notice at the option of the holder of this note. Failure to eaercise this aption shall not aonstatute a waiver of the right to axemiee the same in the event of any aubaequent default. In the event of default in the pisyment of this note, snd if the same i~ collected by an sttorney ~t lsw, the undereigned hereby agree(a) to ps~ all coets of collection, including a ree,sonable attorney's fee. This nots is secured by mortgage of even date execut~ed by the undersigned on certain property deecribed therein end repreaenta money actually used for Lhe acquisition of said pmperty or the improvementa thereon. Presentment, protest, and notice are hereby waived. ~s~ Albert W. Jones [~7 wAlbert W. Jones [s~n~.l ~s~ Karen D. Ja~ne~ ^Karen D. Jones • - [s~ar.] And shall duly, pmmptly, and fully perform, diseharge, execute, effect, complete, and comply with and abide by each and every the stipulations, agr~menta, conditions, and covenants of said promissory note and of thie mortgage, then this mortgage and the estate hereby created ahall cease and be null and void. The Mort~cagor further covenants as follow$: - 1. That he will pay the indebtedness, ae hereinbefore provided. Privilege iR reserved to prepay at any time, without premium or fee, the entire indebted.ness or any part thereof not leas than the amount of one installment, or one hundred dollai~s (i100.00), whichever is less. 2. In order more fully to protect the aecurity of thie martgage, the Mortgagor, together with, and in addition to, the monthly paymenta under the terms of the note eecured hereby, on the first day of each month until the said note is fully paid, will pay to the Mortgagee the following sums: {a) A sum equal to the gronnd rente, if any, next due, plue the premiums that wi11 next becam~ due aud payable on policies of fire and other hasard insurance covering the mortgaged ~roperty, plus taxes and assessmenta neat due on the mortgsged property (ail as estimated by the Mortgagee and of which the I4lortgagor ia notified) lese all aums already paid ther~for divided by the number af months to elapee before one month ~ prior to the dste when such ground renta, premiums, tazes, and ass~ments will bec;ome delinquent, such sums to be held by Mortgagee in Lrust to pay said gnwnd rents, premiume, tax~, and special aeeeeamente. (b) The aggregate of the amounta pa able pu~aat to aubparagraph (a) and thoee payable on the note seeur~d hereby, ahall be paid in a sin~e paymen~ each month, to be applied to the following itema in the or~er stated : (I) ground renLa, twcea, assesamente, -fire, and other hasard insurance premiums; (II) intereet on the note eecureci beieby; and (III) amortisation of the principal of eaid note. Anv deficiency in the amoiint of sucha~r egate mnnthlv payment shall, unle,~s made good by the Mort- gagor prior t:o the due date ot the next such pa}'ment, coastitute an event of default under this mortga~e. At hiortgagee's option, Mortgagor will pay a"late charge" not eac~ing four per centum (4aJo) of any inatall- ment when psid more than fifteen (I5) days aft.er the due date therciof to cover the extra expense inrolved in handling delinquent ~ayments, but such "late charge" shall not be p$yable out of the proceecis of sny sale made to satisfy the indebtrdnesa secured hereby, un.less such proceeda are aufficient to dir~oharge the entire indebtedness and all proper costs and expenses secured thereby. t' ~ 128 4~8 ~oo~ ~