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Home My WebLink About2752 _ i ~ ~ ' . ? The Mortgagor hereby eovensnts with tha Mortgsgee~ that he is inde[esaibly aeized oi eaid lsnd iu fee eimple or suc6 other eststes J sqy as is st,~ted herein; that he hsa tull power end lawtul right to oonvew the snme as aforesaid; that the l~nd ~a iree ~rom all encumbranoee ezcept as herein otherwisa recited; thst ssidMortgagor wiU anake such further aesur~noee to prove the 4toresaid tiWe to esid Iwd in esid Mortgagee as may be reason- ab~yrequind, and Lhat s~?id Mortgsgor does Lereby i~ ~vsrrsnt the tatle to esid lsnd, and every p~?rt thereof~ aad wi~U defend the ssme againat the Iswful cl~?i.ms oi pereona ~vhomsoever. PROVIDSD ALWATB ~~L lI ~e I1~~OT~~01' 8I1AU ptf 11IIL0 ~ MOI'~~~ ~it Oei~BIII ~1!'~IIlIBBOI~i AO~~ O~ ahich the foUowing ia s aubstantisl oop~, to witi: ; = 2~,000.00 F~s~ P~-erce , Florid~. ; i•i~iy 2u ~ 19 ! 2 . ~ 4 Fo~ Vwt.va RscstvsD. the underei~ned procni~ee(s) to pay to J. i. SThWART I•:OFt`PGAGE CQt•'~PAi~ , ~.IvC . ; , s oorporstion organised sad e~dating under the ]swa of Sta~e of Florida , or order, the principal sum of .~TFs'Iv`TY FOUR TiiOUSAND AND r:o/loo---------------------------------~ollara (i 2~?,000.00 with interest from date at ~e ~ o# seven per centum ( 7%) pel' aunum on the unpaid balanoe until paid. The ~sid principal and interest ehall be psyeble at the offioe of J. T. STE.WAI~' 2daR't`GAG s COd~~A~1Y, I\C . Suite 3Q0 - 100 Miracle l~lile ~ Co~ al Ga:~les , Florida , or at such other p1aoE sa the holder msy deeig~?ate in writing delivered or mailed to the debtor, in monthly installmente ofOne Hundred Fifty Nine and £4/100~~'e 1a9.84 eommencing on the first day of 3uly , 19 7? and oontinuing on the first dsy of esch month thereafter until this note is fully paid, euoept tLst, ii not soon~er psid, the final psymeut oi princzpal and interes6 shall be due and payable on t~e firat day of June , 2002 priviler~e ia reserved to prepay at an, time~ ovithout premium or fee the entire indebtednees or any parC thereof notlees thsn t6e amount of one inatallment~ or one hundred dol~ara (t100.00)~ whichever is less. If any deficiency in the paym ent of any installment under thia note ia not made good prior to the due date of the neat such installment, the entire principal sum and accrued intec+est ~ehall at onoe beoome due and ~ay- able without notice st the opt~on of the hoider of thia note. Failure to exercise this option ahall not oonatatute a waiver of the right to ezerciae the eame in the event of any subeequent default. In the eveat of defeult in the payment of thia note, and if the esme ia oollected by an sttorney st lsw, the unders~igned hereby sgres(a) to pay sll ooats of collection, including s reasonwble sttornep's fee. 1'his note is eecured by mortgage of even date executed by the underaigned on certsin praperty described therein and representa money actually used for the acquisition of said property or the ianprovements Lhareon. f Presentment, pmtest. and noticp, are hereby waived. , 1- ~ ; ~ ; onn c. mbsfln ~ [38AL] - Sha n C. so ~~3' ~38AI.] 4 F `~J ` And ahall duly, promptly, and fully pedorm, discharge, execute, effect, oomplete, and comply with sad abide : j by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of this ~ ~ mo*tgage, then this mortgage and the estate hereby created s6all cease and be null and void. ° ~ The Mortgagor further oovenanta ss followa: ~ 1. That he willpa y the indebtedneas, as hereinbefore provided. Privilege ia reserved to prepay at any time, # without prem~ium or fee, the e~tire indebtedneas or any part thereof not lesa thau the amount of one mstallment, or one hundred dollara (i100.00), whichever ia lesa. ~ Z. In order more full~ to protect the securit~ of this mortgage, the Mortgagor, together with, and in addition to, the montlil~- pa~ ments nnder the terms of the note secured hereb~ , on the first da~ of each month until the said note is full~ paid, will pa~ to the Mortgagee, as trustee, (under the terms oI this trust as herein- ~ after stated) the follov~ing sums: "s (a) A sum equal to the ground rents, if any, next due, plus the premiuma that will next become due and payable ~ on policies of fire and otber hazsrd insurauce covering the mortgaged property, plus taxes and assessmenta ~ neut due on t6e mortgaged property (s11 sa eatimsted by the Mortgagee snd of which the Mortgagor is i notified) lees all euma $lready paid there~or divided by the number of months to elap~e before one mont6 ~ prior to the date when auch ground reata, premiuma, taxes, and sa~ssments will become delinquent, auch sums to be held by Mortgageeintn~sttopayssidgroandrents,premiums,taaes,andspecislas~essrnents. ~ (bj The ag~+egate of t6e amounta pa able pureuant to subparagraph (a) and thosepayable on the note secured ; her~by, ehall be paid in a sing~e pa?yme~nt esch month, to be appLed to the following itema in the order ~ stated (n B~d asBessmente, 5re, and other hssard insuraace premiums~ i ~ (II) intereat on the note secured hereby; and = , (IIn amortisation of the principal of said note. Any deficiency in t6e amount of aucha~rega te monthly payment shall, unleas msde good by the Mort- gagor prior to the due date o[ the next such payment~ const~tute an event of default under this mortgage. At Mortgagee's option, Mortg agor will pay a"late charge" not exceeding four per centum (4°Jo) of any install- ment when paid more than fifteen (15) days atter the due date thereof to cover the extra expense involved in handling delinquept ~ayments, but such "late charge" shall not be payable out of the proceeds of any sale made to satisty the ~ndebt,edness secured hereby, unless such proceeds are sufficient to discharge the entire indebtedness snd all proper oosts and expenses securet! thereby. 3. I( the total of the pa~ments made b~ tlie 141ortgagor under (e) of paragraph 2 preceding shall eaceed the amount of pa~ ments actuall~ made b~ the vtortgagee, as ttustee, (or ground rents, taxes and as.gessments, and insurance premiums, as the case ma~~be, such excess shall be creciited on subsequent pa~ments to be made b~- the ~lortgagor for such items or, at~:4lortgagee's option, as trustee, shall be re(unded to Mortgagor. If, however, such monthl~ pa~ ments shall not be sufficient to pe~ such items when the same shall become due and pa~$ble, then the Mortgagor shull pa~ to the Mortgagee, as trustee, an~ amount necessarv to make up the de~icienc~. Such pa~ment sl~all be made within thirtv (30) dava after written notice from the Mortgagee stating the emount of the deficiency, which notico R y be given by mail. If at any time the Mortgagor shall ~ ao~c~~ ~~-27.~'j~ p , _ ~ : r_3: ~ : ~ . ~