The URL can be used to link to this page

Home My WebLink About2910 The Mortgagor hereby oovenanta with the Mortgage~, thi?t he is indefeaaib~y seized oi said land in fee eimple or such other estate~ J sny ~a ia stated herein; that he hae tull power ~nd lawiul right to oonvev the snme ae storesaid; thst the liwd is free from nU encumbrances ezcept ae hereia otherwiae recit,ed; thst esidl4tortgagor will make such fwther aesurancee to prove the atoreeaid tatle to said land in said Mortgagee ss may be reaeon- si ablyreq uired, and thut said Mortgag~or does Lereby i~ ~vurant tLe titla to s~id le?nd~ and every part thereot, and will defend the eame againet the bwful clsima of pereons ~vhomsoever. ~ PROVIDED ALWAYd ~16t 1~ ~19 I~~OTE~BgOt BbiII ~31 1111L0 tL9 MOt~fge6 ~8~ C6~~lR p!'Om18BOty IIOf~E~ oi ° ahich the following is a subsL~ntisl oopf~ to wit: _ ~00.00 ?~rt PieYcc ~lorida. , JZ:ne 30 ~ 19 ~2 . Foa Vwi.vs Rscszvsn, the undere~ned promiee(s) to paY to . SOU'1"' :~:2i~7 i•:CR`_^:~AGS :~S.ri'JCIAi ::3 ~ Ii3C . , s oorporstion organised aad e~oatina under the ~8Q8 O~ St:tit' o_ ~~;;3213c~~ ~ Oi 0~8t~ Ltle pllIICi~ Stlm Of i:i: ;V:~:I 'i'iiOJS~~\D TLi~2.I'~. FiUNJ:'.:i~ :Li~ oo-----------------------~------- Doll~?ra 11, 300 . 00 wit6 interest from dste st ~ the rate ot ~even per centum ( 7%) Per eanum on the unpaid balanoe until paid. The eaid principal and interest ehall be payable st t6e offioe of SOU':: .i".~.:2I` iSO::TG1iGE ~SSOCJ'.11T~;5 i 1~.C. r. O. ;OX 3~, ~:zenanuoah Stati~n ~ .:_~~r;~ lo-~ ? , or at such other plsoe as the holder msy designste in writing delivered or mailed to the debtor, in monthly installmenta of sL~ r?~ 'Y ~ ~vE A; ~n 2G/? 00-------- Dollars 7~ . 26 c~ommencing on the first day of Augusi: , 19 ~ 2, and oontinuing oa the firat dsy of each month thereafter until thia note is fully paid, ezc~ept that, ii not sooner paid, tLe final psyment of principal and interest shall be due and payable on Lhe first dsy of July , 2002 . priv il'ege ~a reserved to prepay at an~ time, without premium or fee the enLire indebtednees or any psrt thereof not leea than the amount of one inatallment, or one hundred dolfars (i100.00)~ wbichever is lesa. If any deficiency in the paym ent of any inatallment under thia note is not made good prior to the due dats of the neat such inatallment, the entire principal sum and accrued interest ahall st once beoome due and ~?sy- ; able witLout notice at the opt~on of the holder of this note. Failure to exercise tLis option ahall not oonstatute ~ s waiver of the right to ea8m.ise the same in the event of any aubeequent defsult. In the event of defaul6 in the payment of this note, and if the same is oollected by a~ sttorney at ls~v, the underaigned hereby sgree(e) to ~ pay all coate of collection, including a resaonable attorney'e fee. This note is eecured by mortgsge of even dste executed by the underaigned on certain pmperty deecribed therein and representa money actually used for the acquisition of said property or the improvementa thereon. Presentment, protest, and noticA are hereby waived. /~.P:. ~ [s~,] i ~ii~ .cac, . C [sgn~,] ~a ii. ~ t;~ . ~ ~~L~ I [s~.l ~ And shall duly, promptly, and fully perform, discharge, eaecute, eBect, complete, and comply with and sbide ; by each and every the atipulations, agreementa, conditions, and covenanta of said promissory note and of thia ; moetgage, then thia mortgage and the estate hereby created ahall cease aud be null and void. ; 1'he Mortgagor further covenanta as followa: ~ 1. That he will pay the indebtedness, as hereinbefore pmvided. Privilege is reaerved to prepsy st any time, ~ without premium or fee, the entire indebtedneas or auy part thereof not leas than the amount. of one mstallment, or ~ one hundred dollara (i100.00), whichever is less. ~ 2. In order more full~ to prntect the security of this mortgage, the r~ortgagor, together with, and in ~ addition to, the monthlv payments under the terms of the note securecl hereb~ , on the first day of each month ~ until the said note is fu71~ paid, will pay to the Morigagee, as trustee, (under the terms of this trust as herein- ~ att~r statc+il) the following sums: ~ (a) A aum equal-to the ground renta, if any, next due, plua the premiums that will next becwme due and payable on policies of fire and other ha~rd ineurance oovering the mortgaged property, plus tsxes and assesaonents M next due on the mortgaged pmperty (all as estimated by the Mortgagee and of which the Mortgagor ia notified) lees all sums alreadq paid therefor divided by the number of months to elapee before one month ~ prior to the date when such ground renta, premiums, taxes, and sa~sments will become deliaquent, ~ such sums to be held by Mortgageemtrusttopaysaidgroundrents,premiums~taxea,andspeciala~essrnents. ' (b) The aggregate ot the smounta~able pursusut to subparagraph (a) and those psyable on the note eecured ~ hereby, shall be paid in a e payment each mont6, to be applied to the following items in the order ~ stated ~ (I) ground renta, ta:ea, sse~smeata, 5re, and other hasard insurance premiums; (II) interest on the note eecured hereby; and ~ - (III} amortisation of the principal of said note. ~ Any deficiency in the amount of suchaggregate monthly payment shall, unleas made good by the Mor~ ~ gagor pr~or to the due date of the next such payment, constitute an event of default under 4his mortgage. ~ " At Mortgagee's option, Mortgagor will pay a"late charge" not exceeding four per centum (4%) of any inst_all- ment when paid more thsn Sfteen (15) dnya atter the due date thereof to cover the eatra expense involved in ~Y handling delinquent payments, but such "late charge" shall not be psyable out of the proceeds of any sale made to setisfy the mdebtxdness aecured hereby, unless such proceeds are sufficient to discharge the entire ~ indebtedness and all proper costs aad expensea secured thereby. F 3. If the total of t}ie pay ments made b- the Mortgagor under (a) af paragrapli 2 preceding shall exceed ~ the amount of pa~ menls actuall~ made by t~e Mortgagee, as trustee, for gmund rents, taxes and as.gessments, ~ and insurance premiums, as the case ~nay be, such excess shall be credited on subsequent pa~-ments to be made f b~ the ;4lortgagor for sucl~ items or, at Mortgagee's option, as trustee, shall be refunded W Mortgagor. If, ~ however, such monthly payments shall not, be sufficient to pay such items when the seme shall become due ~ and pa~ able, then the Mortgagor shall pay to the Mortgagee, as trustee, any amount necessary to make up , ~ the de~icienc~ . Such pa~•ment shall be made within thirty (30) davs after written notice from the Mortgagee i z ~ stating the amount of the deficiency, which notice may be given by maiL ~If~at~ tam~~~~r~or shall i) ft ~ 600~c v v =r ~ ~ ~ ~t~~- ~ ~ f , ~ ~ ~ ~ ~ ~S4 ~'*.s~ ~ 3~ a"~Mk r~k'~~~ .,a _ r""~s., s v.wp~r ';r„ ~ _ ~~x.~~-:°~~~~"qe:r`~' ~r". , . . . . -