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Home My WebLink About2281 TO HAVE AND TO AOLD 1~18 gAlll@~ to~ether with sll and singular the Wnements, hercditamenta and appur• , tenances t4ereunto belonging or iu anv~•~ appertainuig, and the reve~ion and revorsioas, remainder or re- ~ meinders~ and also all the ~tatc?, right, title, interest, honicstead, dower andng ht of dower, separate estate, pos.gession, claim and demand whatsoe~•er, as well in lav~ as in equity, of tl~e said ~tortga};oc in and to the 5acne snd Q~ er,y part thereof, with the appurtenaiices of the aaid tiiortgagor ia and to the same, and every part an~ psrcel thercjof unto the said ~iortgagee in fee aimple. The Mortgagor hereby covenants with the ~iortgagee, that he is indetca.4ib1y seized of said land in fee . eimple or such other ~tate, if any as is stated herein; that he has full power and la~vful right to con~ ev the snme sa afor~aid; that the land ia iree ~rom all encumbrancos except as hemin otherHise recited;lhat said~~lortgagor will make such further essurancos to provo the afore,~aid title to said land in said ~lortgagee aa may be rNason- si;ir- r~y uie~t, a~:u t~at said ~iortgagor does hereby fully warrant the titlo to said land, and every part tl?ereot, and w-ill defend the same against thc law~ful claims oi all persona whomsoever. PROVIDED :1L~1A18 t~1AL 1~ ~t1Q \ioctgagor shall pay unto the Mortgagee ~~tiat ce~tain promissory note, oi which the folloN ing is a substuntiel coP3 , to wit: i 14,~300.00 Fo~-t Pierce , Fiorida JanUar`~ 10 ~ 19 72 • FOR YALUE RECBIVSD~ the under3igned promiye(s) to pay to J. T. STEWART MORT('~GE COMPAN', INC. , a corporation organiaed and eASting under ±tie la~s of the State of Floride ~ or order~ the principal sum of Fp~~ ~OUSAND EIGHT H(TNDRID ~nd Nt~/100------------------------------ 14,800.00 with interest from date at the rate of $even per centum ( ~°Jo) per annum on the unpaid balance until paid. 'I'he ~id principal and interest ahall be psyable at the o~ce of J. T. Ste~rrart Mortgage Compan~~, Inc. , 100 Miracle Mile ~ Coral Gables, Florida 33134 ~ or at such other place aa the holder may designate in writing delivered or mailed to the debtor, in monthly installmeats of ~~y_EIGI~T AND 57~100---------Do11ai's (i nt3, ~7 commencing on t6e first day of , 197Q , and continuing on the first day of each month t6ernafter until this note is fully paid, eacept that, if not eooner paid, the final payment of principul and intereat shall be due and payable on the firat day oi FEBRtIARY 200Q. ,~t! . Privile~e is reserved to prepay at any time, without premium or fee the entire indebtednees or any part thereof not lesa than the amount of one u~stallment, or one hundred dol~ars (E100.00), whichever is less. ~ao If sny deficiency in the paym ent of any inatallment under this note is not mede paod prior to the due date of the next such installment, the entire princapal sum and eccrued interest shall a~ once beoome due and ~ay- eble without notice at the optaon of the holder of this note. Failure to exercise this option shall not constatute a waiver of the right ::a~:..:a:: :~**~e in the event of any subsequent default. In the event of default in the payment of this note, and if the same ie collected by an attomey at law, the undersigned hereby agree(s) to ' pay all costa of collection, including a reasonable attorney's fee. ; This note is secured by mort~a~e of even date eaecuted by the underaigned on cartain property described 4 t~erein and represents money actually used for the acquisition of said property or the improvemente thereon. ~ € Presentment, protest, and noticP are hereby waived. r ~ T X € l/ " [ ~ k . _ llYr~~t ~p:~~L ~Of~L h C~~ ~ -MBry, ; 1 'Rq}ra~.. " • ~ - . _ 4 _ ; ~ ` _ [s~?L] ~ And shall duly, promptly, and fully perform, discharge, execute, e~ect~ complete, and comply with and abide - by each and every the stipulations, agreement8, conditions, and covenants of said promissory note and of this X mortgage, then this mortgage and the estate hereby creeted ahall cease and be null and void. ~ The Mortgagor further covenants as follows: 1. That he will pay Zhe indebtedness, as hereinbefore pmvided. Privilege is reserved to prepay at any time, without premium or fee~ the entire indebtedness or any part thereof not lesa than the amount of one uistallment, or E ~ one hundred dollars (i100.00), whichever is less. ~ 2. In order more fully to protect the security of this mortgage~ the Mortgagor, together with, and in addition ~ to, the monthlypa yments under the terms of the noi.e secured hereby~ on the first day of each month until the Eaid - note is fuUy pa~d, will r,ay to iuc Mortgagee the following sums: ~ (a) A sum equal to the ground r~ts, if any, next due, plus the premiums that will next become due and pa.yable + , on policies cf fire and other haasrd insurance aovering the mortgaged property, plus taxes and xssessments ~ next due on the mortgaged property (all sa estimsted by the Mortgagee and of which the Mort.gagor ia notifie~~ :~.;e all sums already paid therefor divided by the number of months to elap~e before one month prior to the date when such ground renta, premiums, taxes, and asseasments will become delinquent, such sums to be held by Mortgsgeeintruattopaysaidgroundrents,premiuma,taxes,endapecialasaesaments. ' (b) The aggregate of the amounts payable purauant to subparagraph (a) and those payable on the note secured ' 6ereby, ahall be paid in a single payment each month, to be applied to the following itema in the order ' - stated: = (I) ground rents, ta~ces~ asaessmenta, fire, and other hazard insurance premiume; (II) interest on the note secured hereby; and :=a (III) amortisation of the principal of said note. Any deficienc~ in the amount of such ag~regate monthly pa3•ment sball, unless made good b~ ihe :~1ort- - gaf;or prior to the due date o( tl~e next su~h payment, constitute an event of default under t6is mortga~e. = At 111ortga~;ce's option, :~iortgagor will pay a"late charge" not ex~eciing four per centum (4°Jo) ot any install- ment H-i?c•n paid m~re than fifte~n (15) daVs after the due clate thereot to cover Lhe extra expense in~olved in handlin~ delinyuent ps~ment~g, but sucl? "late charge" shall not be psyable out ot the pcoceeds o[ an~ sale made to satisfy the maebtedness secured hereby, unleag such proceeds are au~cient to discharge the cntire indebtedness and all proper costs and expenses secured thereby. ` ~ U R ~JD : ' 4U~K i