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To A~~ E ~,o ~ro Iio~.n thc? ~a~ne, t~?~;~ther a-ith sll and ~in~ular ~p tenementa, hemditaments and eppur-
tenancea tliernuntu bt~lui~ing or iu anvH•i~c+ a~pertauu~~, Rnd tl~e rQ~ ersion a~id ro~ ersions, remainder or ro- .
mainders, and al:~a all the estate, rigl~t, titl~, ii~iereat~ ~10(I1l~SlPAII, dower and riKht ot doaer, separate estate,
po~se.•ion, CId1R1 Np(i (~PI11N11(~ N'}1dISOP\•rr, u.. w•ell in la~~ a.S in equit~ , oi the said \lortgNgur in and to the same
and e~•en part thereof, H ith th~~ appurte~a~?ces of the saici ~lortg~or in and to tl~e same, and every part anc~
pamel thereof unto the said ~iortge~;ee in fee simplc.
The ~1ort~;agor 6emb~ co~ enants ~~-ith the ~iortga~eP, that he is indcfeasiblp seized of said land in fee
aimple or such other estate, if an~ , as is stated hernin; tl~At he has [ull po~ser and 1R~~•ful riKht to convev the snme
as afore~aid; that the land is fre~ trom all enr~imbrNncos exrept a.~ herein oUierH•i~c~ rerit~•d; thet said~lortgagor
v~ill make suc6 further assurances to pmrc+ tl~e aforN~xid title to said land in said :~iortgagc+e as map be rn~on-
ablvreq uired, and that said ~iortgagor does hernby fullv W arrant the title to suid land~ aud e~ery patt therrot,
and w-ill defeud the same againsi the lsw-ful clainis of e~U pe~c»is whomsoever.
YRO~IDED ~~.A ~ts thai if the ~fortga{,ror shall pay unto the 111urtgagee that certain promissory note, of
which the follov?-ii~ is a sub~tantial cop~, to w-it:
i 13 , 000 .00 Fbrt Pierce ,~ori~,
November 29 ~ 19 71 .
FOR ~~AI.CE RECEIYED~ the undersigned prumi~e(a) to pay to
J. T. ST~+IART 2;OR'1`GAGE COt~ANY , II4C .
, a corporation or~aniaed and e~risting under the
Ia~s of State of Florida ~ or order, the principal sum of THII~CEEN THOUSAND AND NO/100
Dollars (i 13,000.00 with interest from date at
the rate of . seven per centum ( 7%) per annum on the unpsid balance until paid.
The said principal and interest shall be pa~•able at the office of J. T. STF~+TART MOR'1'(',AGE COI~II~ANY, INC. `
S~ite 300 - 100 Miracle Dlile ~
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in Coral Ga't~les, Florida , or at such other place as the holder may designate in writing ~
deli~•ereci or mailed to the debtor, in monthl}• instaliments of Eighty six and 58/100-----------Dollars ~
~6.~8 commencing on the first day of January ~ l9 72 ~ and continuing on the `
first da~ of each month thereafter until this note is fullv peid, e~cept that, if not eooner paid, the finat pa~ ment
of principal and interest shall be due and pafable on the first day of December ~~c 2(101
Pri~ilege is reserved to prepas at ans time, vrithout premium or fee~, the entire indebtednees or any part
thereof not~ less than the amount of one u~stallment, or one hundred dollars (3100.00), whichever is lesa.
If an~ deficiency in the pavment of an~ installment under this note is not made good prior to the due date
of t6e ne~t such installment, the entire principal sum and accrued intereat ahall at once become due and ~ay-
able aithout notice at the option of the holder of this note. Failure to exercise this option ehall noi oonsvtute a
, e W aiver of the right to eaercise Lhe same in the event of an~ subsequent defeult. In the event of deisult in the ~
: pa~ment of this note, and if the same is collected by an attorney at la~v, the unde r
s
i g
ned hereby a
g
r
e e(e) to
; pa_y all costs of collection, including s reasonable attomey's fee. .
s This note is secured by mortgage of e~en date eaecuted by the undersigned on certain praperty described ~
therein and represents money actually used for the acquisition of said property or the impmvemente thereon. 3
~ ~ ?
Ptesentment, protest, and noticP are 6ereby waived. !
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` _ ~ . [
' D~,id Allen Cooley ~ [~L,
- -
: SF~+L]
Deanna F. Cooley
~ [SSAL]
~
~ ~SSAL] ~
" And ghall duly, promptly, and fuUy perform, discharge, execute, effect, complete, and comply with and abide
by each and every the stipulations, agreements, conditions~ and covenants of cvid pmmissory note and of this -
_ mortgt~e, t6en this mortgage and the estate hereby created shall cea.9e and be null and void.
The '.1lortgagor further covenants as follows: _
1. That he will pay the indebtedness, ss hereinbefore pm~~ided. Privilege is reserved to prepay at any time, ~
aithout premium or fee, the entire indebtedness or any part thereof not less than the amount of one inatallment, or
one hundred dollars (i100.00), whichever is less.
- 2. In order more fully to protrct the security of this mortgage, the :~iortgagor~ together wit6, and in addition
~ to, the monthly payments under the terms of t~e note secured hereby, on the first day of each month until the said
= note is fully paid, will pay to the Diortgagee the following sums:
(e) ~ sum equal to the ground rents, if any, next due, plua the premiums that will next become due and payable
~ on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments
nezt due on the mortgaged property (all aa estimat~d by the ~fortgagee and of which the Mortgagor is
notified) less all sums already paid therefor divided by the number of months to elapse before one month
= prior to the date when such ground rents, premiums, taxes, and as,gessments will become delinquent, s
~ - - such sums to be held by :1lortgageeintrnsttopaysaidgroundrents,premiums,taaes,andspecialasseasments.
(b) '1'he a~regate of the amow?ts paynble pursuant to subparagraph (a) and those payable on the note secured
hereby, ahAll be paid in a single payment each mouth, to be applied to the folloRing itema in the order
= stated:
` (I) ground renta, taxes, assessmentt~, fire, and other hazard insurance premiuma;
= (II) interest on the note secured hereby; and
(III) amortization of the principal of said note.
An~ deficien~ti in the amount of such a.Kgregate monthl~ pa~~nent shall, unless made good by the ~tort-
ga~;or prior to the due date o[ tLe n~st sucl? Pa~-mee~t, const~tute an e~~ent of default under this mortgage.
_ At ~tart~;a~;e~e's option, ;~iort~a~;or H ill pay a"late chargc" not eaceeding four per centum (4~Jo) of an~ install-
ment N~hen ,aid more than fifteen (15) da~•s after the due date thereof to cover the extra espense in~•oh•ed in
handling de~inquent pa~•m~ nts, but ~uch "late chsrge" shall not be pa~ able out of the proceeds of an~ sale
made to satis(~ the ~n~ebtednt~ss ~ecured hereb~, unle.s such p~oceeds are au$'icient to discharge the entire
indebtedness and all proper costs and expenses secured thereby.
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