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Home My WebLink About1626 . , ~ , ; , } i To A~va ~xn -ro HoLn the same, to~ethe~ with all and singular ~e tenements, hereditaments and appur- tenances thereunto belui?Kicig or in an~~wt~ a~pertautitig, and the revecsion and reversiona~ ~emaindes or re- mainders, and aL,o all the estat~, right, title, mterest, hom~tead, doaer andn~ lit oi duwer, separate estate, po_~~ion, rlaim and dcmand ~~~ha1~~ cr, as ~ti•ell in la~r as in equit~, of it~e said \lortgagor in and to the same and e~ err part thereof, Wi1h the appurtenances o. :!~e said ~iortgagor in and to the same, and e~ ery part an~ parcel ttiereof unto the said \iortgaKee in fee simple. The ~~ortgagur hereb~ co~enants ~sith the ~iortg~ee, that he ia indeteaciblv seized of said land in fee simple or such other estate, if an~ , as is stated hernin; tl~at }?e has tull pow er and la~~-{ul right to con~ ev the anme as afor~aid; that the land is frc•e from aA encumbr~ncaa eccept a.4 herein otherw~i3e recited; that said~111ortgagor ; a-ill make such further assurancc~ to pro~o the afc~re3aid title to sat~ land in said ~iortgagee as may be reason- g abl y•rc~q uired, and that said ~iortgagor doe~ herebv fullv w arrant t6e title to said land, and every part thereof~ ; and w-ill defend the same against t.he law-ful claims ot all pe~sona whon~oever. ~ Pxo~'IDF.D :1~.a ~~s thal if the \iortgagor shall pey unto the Alortgagee that certain promissory note, of ; which the follow-u~ is a substantiel oop~, to wit: ~ i 13 , 000 .00 F'ort Pierce , Florids. November 29 , 19 71 . 3 FOR ~~ALL'E RECEIVED~ the undersigr?ed promise(s) to pay to J. T. STEWART 2~:OIrTGAGE C~AtvTY , INC . , s oorporation organised and eadsting under the lav~s of State of Florida , or order~ the principal sum ot THIIt~EN TtiOUSAND AND NO/100 Dollars (i 13,000.00 with intec+est from date at ; the rate of seven per centum ( 7 aj'o) per annum on the unpaid balance until paid. The said priacipal and interest shall be pa~•able at the oflic~e of J. T. SoTF~IAIrT MOR'PC'~AiGE CC1l~II~AN7i, INC. Sliite 300 - 100 Miracle Mile in Coral Gables, Florida ~ or at such other place sa the holder may desiAnate in writing deli~•ered ur mailed to the debtor, in monthly installments of Eighty six and 58/100-----------Dollsrs 86.58 commeneing on the first day of January , 19 72, and continuing on the first dav of earh month thereafter until this note is fully paid, eacept that, ii not sooner paid, the Snal payment ~ E of principal and interest shall be due and payable on the Srst day of December ,~c 2Q01 ~ Privile~e is re,served to prepas at any time, without premium or fee, the entire indebtedneea or any pat~t g thereof not less than the amount of one uistallment, or one uundred dollars (5100.00), whichever is less. i If any deficiency in the payunent of anv installment under this note ia not made good prio~r to the due date ; of the neat such installment, tbe entire principal sum and accrued interest shall at once bevome due and ~Sy- € able azthout notice at the option ot the hotder of this note. Failure to exercise this option shall not oonstitute ~ s w aiver of the right to eaema.ge the same in the e4ent oi anv subsequent default. In the event of default in the ~ pafinent of this note, and if the same is collected by an attorney at law, the undersigned hereby agree(s) to : pay all cocts of collection, including a reasonable attomey's fee. ~ This note ia secured by mort~;e of e~en date executed bp the uadersigned on oertain property deecribed therein and represents money sctually used for the acquisition of said property or the impmvemente Lhereon. Presentment, protest, and noticx, are hereby waived. ~ . ~ ~ ~ D~xia Allen Coole ~ , ~ ~ ~ . - _:1,~~!~==~ ~C [~l ~ Deanna F. Cooley - ~ ~ [s~+L] ~ ~ " ' ~~~L~ # And shall duly, promptly~ and fully perform, disc6arge, eaecute, eHect, complete, and comply with and abide ± ~ by each and every the stipulations, agreements, conditions, and covenants of said promisaory note and of this = ~ mortgage, then thia mortgage and the estate hereby created shall ce.ase and be null snd void. ; ~ The :~iortgagor further covenants as follo~s: _ ~ 1. That he will pay th~ indebtednese, ss hereinbefore provided. Privilege is reserved to prepay at any time, r aithout premium or fce, the entire indebtedness or any pl?rt Lhereof not leas than the amount of one installment, or ~ one hundred dollars (i100.00), ~hicherer is less. ~ 2. In order more fully to protect the securitq of this mortgage~ the :1~iortgagor, together with, and in addition to, the monthly payments under the terms of the note ~ecured hereby, on the first day of each month until the said ;y note is fully paid, will pay to the Mortgagee the following sums: ~ ; (a} A sum equal to the ground rents, if any, next due, plus the premiums that will next become'due and payable ~ on policies of fire and other hazard insurance oo~ering the mortgaged property, plua La~ces and assesaments i - next due on t6e mortgaged property (all as estimated by the biortgagee and of which the Mortgagor is _ notified) less all sums already paid t6erefor divided by the number of months to elapee before one month ~ ' prior to the date when such grou?id rente, premiums, taxea, and a~ments will Lec:ome delinquent, ; - such sums Lo be held by Tiortgagee in trnst topay said ground rents, premiuma, tauea, and special aseeesmenta. 5 _ (b) The aggregate of the amounts payable pu~suant to subparagraph (s) and those payable on the note secured hereby, shall be paid in a single payment each month, to be applied to the following itema in the order ~ - stated: T e (I) ground rents, taaes, assessmenta, fire, and other heaard insurance premiuma; ! (II) interest on the note secured hereby; aad (III) amortiEation of the principal of said note. Anr dPficiency in t6e smount of such ag~re~atP monthl~ pa~~ment sha11, unless made good by the Mort- gagor prior to the due date of the ne~t sucti pa~•ment, cc~n-t~tute an e~ent of default under this mortgage. At ~tort~;a~?,ee's option, !~lortoa~?or w•ill pa~ a"late chargP" not exceeding four per centum (4°Jo) of any instell- ; ment w~l~en paid mare than fifteen (15) da~•s after the due ciate thereof to cover the extra expense in~ol~ed in ; han.iling deLnquent ~a~•ments, but such "late charge" shall not be pa~•able out of i6e proceeds of an~ sale made to satist~ the ~n~ebtrdness secured hereb~, unless suct? proceeds are aufficient to discharge the entire indebtedness and all proper costa end eapcnses aecured thereby. = do~K~97 P~1~2 ; 4 '