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Home My WebLink About0876 The Mortgagor hereby oovenants with the Mortgagee, thst he is indefeaRibly seized of asid le?nd in fee eimple or aucL other eatatet if sny sa i8 etsted herein; thsc he hee tull power snd lswiul righ~ ~o oonvev che swme aa aforesaid; that the land ~a iree ~rom all encumbranc~es escept as herein otherwise recited; thst ssidlbtortgagor will make such further ~ssurenoes to pmve the storeeaid title to said laad in eaid Mortgagee e~e may be rewson- sblyrequiced, and thst s~id Mortgag~or doee hereby fully wursnt t6e tiWe to ssid land, and every part, thereot~ snd will defend the same agsinat the lawful ~tlaima of all pereona whomsoever. PROVIDED ALWA?8 ~6t lI tL8 I~r10T~8gOt 8b6~ psy 11IIti0 ~lA MOIIgi~M ~I1SL l~f~lII ~)Z'Om1880~ I10~~ of which the following ia a subetantial oop~, to wit: _ $30,600.00 Pbrt Pierce ~~on~ , , September 8 , 19 72 • Foa Vwi.vs Racsivsu~ tbe unders~ued proaniee(e) to psy to J. T. ST~1n1ART MOIrI'GAGE CaMPANY , INC . , s o~rporation orgsnised and e~risting under the ~ State of Florida ______Nor order~ the prinppal eum of THI~tTY THWSAND SIX HUNDRED AND NO/100--------- 30, 600.00 with intet+est tmm date at the rate ~ seven P~ ~ 7%) Per enuum on the unPB?d balanoe until paid. The said principal sad intereet shall be payable at the offioe of J. T. ST~n1ART MORTGAGS COMPANY , INC . S~ite 300-100 Miracle Mile in Coral Gables, Florida , or at such other plsoe sa the holder may deeignste in writing delivered or mailed to t6e debtor, in monthly inatallments ofqwo t~u?dred Sixteen and 34/100---~~ (i 216.34 ~~~cing on the first day d p~tober , 19 72 , and oontinuing on t6e firat day of each month thereafter until tLia note is fully paid, eaoept thsti~ if not eooner paid, the final psyment of principel and interest shall be due and payable on the firat day of ~pt~nber ~ 1997- privi]eQe ia reserved to prepay at any time~ without premium or fee the entire indebtednees or my part thereof notless thsn the amount of one inatsllment~ or one hundred dol~ara (E100.00), whichever ia lese. If any deficiency in the paym ent of any installment under t,hia note is not made gc?od prior to the dus date ; of the neat auch inste?llment, the entire principal sum snd accrued inte.rest ahall at once beoome due end Fsy- sble without notice at the option of the holder of this note. Failure to exem.ise thia option shell not oonstitute a waiver of the right to eaemase the same ia tLe event of any subeequent default. In the event of default in the psyment of this note, and if the same ie collected by an attorney st law, the wnderaigned hereby agree(s) to pay all cwats of collection, including a reasoneble attorney's fee. This note ia secured by mortgag_e of even date executed by tbe undereigned on oartain property deecribed therein and representa money actuslly used for the aoquisition of eaid property or the impmvemente thereon. Presentment, proteet, and noticA are hereby waived. ~ / i ~-E~'l~ c :~'cj~ t- ~ [sB~?L] Allan E . Rokaw ~ ~ _ • ~ -ru-., [s~l Irene Rokaw ~38AL~ [3SAI•] i And a6all duly, promptly, and fully pedorm, discharge, ea~ecute, eBect, complete, and oomply ~vith and sbide I by each and every the stipulationa, agreementa, conditions, and oovenaats of said pmmissory note and of this i mo*tgage, then thia mortgage aad the estate hereby created shall cease aud be null and void. ~ The Mortgagor further oove,asnts as follows: ~ 1. That he will paq We indebtedness, as hereinbefore provided. Privilege is reeerved to prepay at any time, ~ without pr~mium or fee, the entire indebtedneas or any part thereof not less than the amount of one installment, or ~ one hundred dollars (i100.00), whichever is lesa. s 2. In order more fully to pmtect the security o( this mon.gage, the Mortgagor, together with, and in addition to, the monthl~- payn?ents under the terms of the not.e secured hereby, on the first dav of each month unlil the said note is fu~ly paid, v~ill pav to the Mortgagee, as trustee, (under the terms of this t.rust as herein- after ststed) the following sums: (a) A sum equal to the ground renta, if any, neat due, ~lus the premiums that will neat become due aad payable on policiee of fire aud other hasard insurance covering the morLgsged property, plus taxea and assessments neat due on the mortgaged property (all aa estimsted by the Mortgagee and of which the Mortgsgor ia notiSed) leas all sutns alresdy paid therefor divided by the number of months to elap~e before one month prior to the date when uch ground renta, premiums, taues, and assessments will be~wme delinquent, g such sama to be held by Mottgageemtrusttopaysaidgroundrenta,premiums,taues,andspeciala~nents. ~ (b) The aggregate of t6e amounts payable pursuant to subpsragraph (a) and thoee psyable on the note secured ~ herebq, shall be paid ia a single payment esch month, to be appUed to the following itema ia the order ~ stated: ~ (I) ground rente, taxes, aseessments, fire, and other hasard insurance premiuana; (II) interest on the note eecured hereby; and (IIn smortisation of the principal of eaid note. Any deficiency in the amount of suchaggregate monthly psyment ahaU~ unlesa made good by the MorG- ~ gagor prior to the due date of the next such payment, const~tute an event of default under this mortgage. R At Mortgagep's option, Mortgagor will pay a"late charge" not exceeding four per centum (4%) of any install- ~ ment when paid more than fifteen (15) deys after the due date thereof to oover the eatra expense involved in ~ handliag del~mquent papments, but such "lat~ charge" shall not be payable out of the proceeds of any sale ' made to satisfy t6e mdebtedness secured hereby, unless such proceeds are auff'icient to dischaige the entire ~ indebtednesa and all proper costs and expensea secured thereby. ~ 3. If the total of the pa~•ments made b~ the Mortgagor under (a) of paragraph 2 preceding shall exceed z ~ the amount of pa~ments actuell~• made by t~e Mortgagee, as lrustee, for ground rents, taxes and asaessments, : ~ and insurance premiums, as the case inay be, such eacess shall be credited on subsequent pa~ments to be made ; b~ the ;1'Iortgagor for such items or, at Mortigagee's option, as trustee, shall be re(unded to Mortgsgor. If, ; ~ however, such monthl~• pati ments shall not be suti'icient to pay such items when the same shall become due : and pa~ able, then the ~iortgagor shall pa~ to the Mortgagee, as trustee, any amount necessary to make up ~ the de~icienc~-. Such pa~•ment shall be made within thirtv (30~ da~~s after written notice from the Mortgagee ` ~ stating the amount of t.he deficiencv, which notice may be given by msil. If st any time the Mortgagor ahall ~ r~a~ ~ ~ ~ _ _ _ . s- ' r ~ ~ ~ , _