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Home My WebLink About2909 ai The Mortgagor hereby covenante with the MortgageP~ that ba is indeteanibl seized oi said Isnd in !ee simple or auch other eatate; d any as ia et4ted herein; that he haa full power snd ls ul right to oonvev the snme as aforesaid; that the land ia iree ~rom all encumbrances except as herein otherwise recited; that said~iortgagor wili make such further sesursncea to pmve the atoreesid title to said lsnd in said Mortgagee sa msy be rei?son- ablyreq uiced~ end thet said Mortgagor does hereby i~ wursnt tLe title to said land~ snd every purt thereot~ snd will defend the same againat the lswful claims of persone whomsoever, Pxovtusn ALw~te thst if the ~iortgsgor ahall pay unLo Lhe Mortgagee Lhat cert~ain promiseory note~ oi ~vhich the following ia a substantial aops~ to wit: - = 20,000.00 Pbrt Pierca , ~orids. February 14 ,19 ~2. . Foa Vwi.us Racsivsn~ the undersi~ed promise(s) to pay to . ' J. T. STE~IART M~tTGl1~GE COI~ANY, INC. , s oorporation organised and e~osting under the lawa of State of F2orida , or order~ the principal sum of ~ THOUSaND APID NO/100 ---------------------------------------Dollars (i 20,000.00 with interest from date at the rate of seven per centum ( 7%) per annum on the unpsid batance until paid. The said principal and interest shall be pa~able at the o~ce of J. T. S'PI~IART MOdtTGJ1GS COI~ANY, INC. Sn~te 300 - 100 Miracle Mile in Coral Gables, Florida , or at suc6 other p1aoE aa the holder may desigagte in writing delivered or mailed to the debtor, in monthly installmente o!'~e Thirty Three and 20/0~~ (i 133.20 commencing on the first day of April , 19 72 , and continuing on the first dsy of each month thereafter until thia note is fully paid, except thst, if not eooner paid, the Snal payment of princapal and interest shall be due and payable on the first day of March, 2002 , , 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 u~stallment, or one hundred dollara (t100.00), whichever ia less. If sny deficiency in the paym ent of any installment under this note is not made good prior to the due date of the next such inatallment, the entire principal sum and accrued interest shall at once become due and ~sy- able without notice at the optaon oi the holder ot this note. Failure to eaercise this option ahall not oonstatute s waiver of the right to eaercise the same in the event of any subeequent default. In the event of default in the payment of this note, and if the same ia collected by an attorney st law, the undersigned hereby agree(s) to pay all c~sta of collection, including a reasonsble attorney's fee. - This note ia secured by mortgage of even date eaecuted by the undersigned on cert,ain property described therein and represents money actually used for the acquisition of said proporty or the improvemente thereon. Presentment, protest; and notice are hereby waived. ~ G.; . [SBAI'] , yr~~be~t Lee 7lnderson V ` ~G~J~s~ ~~~Piji~i-~ r/r~~-Y~~~_._di~SSAL] Monika Rosemarie Anderson ~ ; ' € f t ~~L~ ~ And shall dul rom tl and full dorm disch e execute e8'ect com lete and com 1 with and abide E Y, P P Y, Y Pe ~ ~'8 ~ , , P . P Y ~ by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of thia ~ m~~*tgage, then this mortgage and the estate hereby created stiall cease and be null and void. ~ The Mortgagor further oovenants as follows: t 1. That Le wilt pay the indebtedneas, as hereinbefore provided. Privilege ia reserved to prepay at any time, ~ without premium or fee, the entire indebt,edness or any part thereof not less than the amount of one installment, or ~ one hundred dollara (t100.00), whichever is less. ~ 2_ In order more full~• to proteM the securit~- of this mortgage, the :~tortgs~;or, together with, and in ~ addition to, the monthl~• pa~-ments under the terms of the note securec~ hereb~•, on the first da~ of eacl? rnonth ~ uutil the said note is fulh• paid, will pa~• to the yiortga~ee, as trustee, (under the ternLS of this trust ~ herein- ~ftc~r stated) the follo~cing swna: ~ (a) A sum equal to the ground renta, ii any. ne~ct due, plua the premiums that will next become due and payable ' ~ on policiea of 5t+e and other hasard insurance covering the mortgaged property, plus taxes and a.ssessments nest due on the mortgaged pmperty (all as estimated by the Mortgagee and of which the Mortgsgor is notified) less all sums already paid therefor divided by the number of months to elapee before one month ; prior to the date when such ground renta, p~emiums, taxest and assessments will become delinquent, : such sumato be held by Mortgageeinttusttopaysaidgroundrents~premiuros,taxes,andspecialassessments. r (b) The aggregate of the amounta~able putsuant to subparsgraph (s) and those payable oa the note secured s`~ hereb ahall be ~d in a e ment each month to be a ied to the followin it~s in the order x, PaY , PPi~ B stated ' ~ (I) ground renta, tazea, assesamenta, fire~ and other hsaard insurance premiums; (II) interest on the note aeecured hereby; and (III) amortisation of the principal of said note. ~ Any deficiency in tbe smount ot such ag'gregste monthly payment shall, unless made good by the I~iort- gagor prior to the due dste ot the next such payment, constitute an event o[ default under this mort{;af;e. ` At ~Zortgagee's option, Mortgagor will pay a"late charge" not excee~ing four per centum (4°Jo) ot an~• instali- ment when paid more thsn fifteen (15) days after the due date thereof to cover the extra eapense in~ol~ed in handling delinquent payments, but such "late charge" shall not be payable out of the proc:eeds of any sale - made to satisfy the mdebtedness secured hereby, unless such proceeds are aufficient to d~scharge the entire ' indebtedness and all proper costs snd expenses secured thereby. :3. Tf the totel of the pa}-ments made b~- t}ie ~lortga~or under (a) of para{Craph 2 preceding shall exceed the arnount of pa~•ments actuall~• ~nad~ b~• the :1lortgagee, as trustee, for grouncl rents, taxes and essessments, f and insurance premiums, ag the case ma~ ~be, sueh excess shall be crndited on subsequent pa~-rnents to be made b~ the ~iortgagor for such iterns or, at :liortga€;ee's option, as trustee, shall be+ refunded to l~iortgegor. If, - however, such monthl~ pa~-ments shall not be suffi~ient to pa~' such items when the same shall become due and pa~•able, then the ~lortgagor shall pa~- to thc tilortgagee, as trustee, an~ amount necessarv to make up `r~ th~ de~icienr~-. Such pa~ment shall be made within thirt~ (30) da~•s efter written notice (rom the Mortgagee ~rc' stating the amount of the deficiencq, which not.ice may be given by msil. If at any time the Mortgagor ahall 600K FAGf ~~~1'.J _ i _ _ - ~ ~ ~ ~w;~ = _ _ . . . . _ . . . `.~Y-~