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Home My WebLink About0918 TLe 111ortgugor hereby cove~ants ~ith the ~lortgagee~ ~Uat he is indefeacibly seized of said land in fee simple or such other estate, d any as is atated herein; tha~ he has full power nnd law~tul right to convev the snme as aforesaid; that the tand ia free ~rom all encumbrances except as hereen otheru ise recited; that said l~iortgagor will make suc6 furlher sssurances to provo the aforesaid titte to said land in said ~lortgagee ss msy be reason- ably required, und lhat said Mortgagor doea hereby fully warrant the title to said land~ and every part tl~ercof, and N-ill defend twe same against the law~ful claims of all persons whomsoever. PROVIDED Ac.w~Ya that if the'~iortgagor shall pay unto the Mortgagee thet ce~tain pmmissory note, of which the follov?•ing is a substsntial copf~ to wit: _ . . - - • - , Florida ~,:~~r , 19 FOR YALUE R£CEIVED~ the undersigned promise(s) to psy to , a corporation organised and e~dsting under the laws of - ~ ~ , or order~ the principal sum of . _ - - _ _ . ~--Dollars (i ~ • with interest from date at the tate of ' per centum ~Jo) per annum on the unpaid balance until paid. ~ The said principal and interest shali be payable at the ofFice of . . _ . . _ _ . _ . _ , _ ~ in , or at such other place as the holder may designate in writ:ng delivered or mailed to the debtor~ in monthly installments of- . Dollars commencing on the first day of - ~ 19 and continuing on the first day oi each month thernafter until this note is fully paid, except that~ if not sooner paid, the final payment of principal and interest shall be due and payable on the first day of , Privilege is reserved to prepey at any time, vvithout premium or fee, the entire indebtedneas or any part thereof not less than the amount of one u~stallment, or one hundred dollars (a100.00), whichever is less. If any deficiency in the payment of any installment under this note is not made good prior to the due date of the ne~t such installment, the entire principal sum and accrued interest shall at once become due and pay- able without notice at the option of the holder oi this note. Failure to eaercise this option shall not constitute a w aiver of the right to eaerc~se the same in the event of anr subsequent default. In the event of default in t6e payment of this note, and if the same ia collected by an attorney at law, the undersigned hereby agree(e) to ~ pay sA costs of collection~ including a reasonable attorney's fee. Tlus note is secured by mort~age of even date e~ecuted by the undersigned on certain property described therein and represents money actua7lp used for the acquisition oi said property or the improvementa thereon. Presentment, protest, and notice are hereby waived. . : , ~ - . - _L4~ f.~+_4't_:L C e . ! e-~. Yt _ l:e~._~------- ( ~ _ , _ - - _ ~ J~ ; ISEnL] - [s~l w___~ (s~L) ' And shall duly, promptly, and fully perform, discharge, execute, eRect, complete, and comply with and abide ~ 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 shall cease and be null and void. ~ The Mortgagor further covenants as follows: 1. That he a~ill pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment, or one hundred dollars (i100.00), whichever is less. 2. In ord~•r ~norE~ full~- to protec~t th~ s~~~~urit~• of this n~ort~a~e, the \lortgagor, togeth~r With, and in a~i~litirn? t~~. th~• monthl~- pi~rni~nts tuul~•r th~ terms of th~ not~~ s~~•ure~l h~reb~-, on th~ fi~t da~- of eacli mouth until th~• ~ui~l nott• is full~- ptii~l, ~~'ill pz~~- to th~ ~Iort~a~?~~~~, as trusl~r, (und~r th~ t~rms of lliis trust as herein- aft~~r ~tat~~ll th~~ [olloH-ing sunis: (s) A sum equal ta the ground rents, if any, next due, plus the premiums that will next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes ~nd assessments . next due on the mortgaged property (aU as estimated by the vlortgagee and of which the 111ortgagor is noti6ed) 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 a.SSessments will become delinquent, such sums tobe held by Mortgageeintrusttopaysaidgroundrents,premiums,taxes,andspecialassessments. (b) The aggregate of the amounts paynble pursuant to subparagraph (a) and those payable on the note secured hereby, shall be paid in a single payment each month, to be applied to the following items in the order stated : ~ (I) ground rents, taxes, assessments, fire, and other hazard insurance premiums; ~ (II) intereat on the note secured hereby; and (III) amortization of the principal of ssid note. Any deficiency in the amount of such a~gregate monthly pa~ ment shall, unless made ~ood b3 the Diort- ga~or prior to the due date o[ the ncxt su~L pa~~ment, constitute an e~ ent of default under tLis mortga~;e. At ~iort~agee's option, Mort~agor will pa~• a"late cl~arge" not e~ceeding four per centum (4°Jo) of an~• install- ment «hen psid more than fi(tecn (15) days after the due date thercof to cover the extra expense in~•ol~ed in handling delinquent pay•ments, but sach "late charge" shail not be payable out of the proreecls of any sale made to satisf~ the indebtrdness secured hereb~~, wiless such proceeds are sufficient to discharge the entire indebtedness and all proper costs and expenses secured thereby. ~ :i. If th~~ tolal of th~ pe~-nu•nts nind~ h~- th~ ~lart~a~or und~r (a) c~f paru~raph 2 pr~ccrlin~; sha11 cxcced tlie nn?ount ~~f pa~-n?~nts :~~•tuall~- n?ud~ h~- tiit• ~tort~;a~~~~•, ~s truste~, for ground rei?ts, tuses and ass~~csments, ~ and in.uri~n~~~~ t~r~~mitui~•. as ih~~ ~•us~~ mt~~-~be, such cxress shull be• crndit~~l on sut?~~quent pa~-m~nts to be mad~ b~- th~~ ~IortKa~or for ,u~•I: it~~n~s or, at ~lortgaKe~'s option, as trustee, shall t~ mf~nded to 31or1~agor. If, hoH•c•~er, suc)? monthl~- pu~-ni~nts shuil not b~ suffi~~ient lo pa~• surh items when th~ same shall b~come due and pn~-able, th~n th~ ~1ort~;a~or sh~~ll pn~- lo lhe ~lortga~~~~, as tru~tce~, an~- amount neces.sar~• to make up th~ ~lefi~~ienc}-. tiw•h pa~-m~nt sLull h~ n~a~ie• w~ithin thirt~- (:i0) ~ia~-s uft~r writt~n noti~•~ fro~n t~~e :~tortga~;ee stating the amount of the defi~ienct, w-l~ich notice may be gi~en b~ m~ai~l~. If at any time the 1Vlortgagor ahall ~ ^ $t'~~~ ~.V~.f ~ ?'t2 ~l0 ~ ~ > ~ - - r x~_ . _ _ _ _ _ _ ~ _