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Home My WebLink About1934 The Mortgagor hereby covensnts with the Mortgagee, that he is indefea.Qibly aeized oi said land in fee simple or such other estatst d sny as is stated herein; that he hae full power and lawiul right to convev the si?ma aa af~resaid; that the land ~a free ~rom aU encumbrsnces c+xcept ss herein otherwise recited; that said741ortgagor will make auch [urther aesurances to pmvo t.he afor~id title to said land in said Mortgagee as may be reason- ablyrequired~ and thst said Mortgagor doea hereby fullp warrant the title to said land~ and every part thereot, snd will defend the same agains6 the lawful claims oi all peraone whomsoever. PROViDSn Atw~YS that it the Aiortgagor shall psy unto tLe Mortgagee thst certaia promisaory note, of which the lollowing ia s substsntinl oopg~ to wit: = 13 , 500. ^0 Tbrt Fi erce , Floride?, *7e~~em~er 2~ , 19 FoR VwLUS Rgcsivsn~ the underaiQned promise(a) to pay to ::Ol.'Ti:F.~"1 :'1.7~~~^.-F A~~~-.Q~I?~'r :..r ~ ?~\C. ~ s oorporation organised and e~dsting under the lawe of Stare of nr}:~r.~as , oi order, the prinCipAl aum of TNIT2?'~E'I Ti'OLIS?1~ FIVE HL'i~'DR~:D !JC/? 00-------------------------------~11ars (i 2 3, 500 with interest from date at the rate of se~•~r. per oeatum ( 7%) per annum on the unpaid balence until paid. The said principal and interest ahall be payable at the office of So~st~:ern ::ortgage Associates, Inc. P. O. Box 3R, S~^.~'*2~ii1C~Odf1 Statior. in i a~ i o r i d a , or at suc6 other pla~ as t6e holder may designate in writing delivered or mailed to the debtor~ in monthly installments of F~'i;i~:t~~ r~~r:e and 91; i 00---------- Dollara ~?~.31 commencing on the first day of Jan.iar}• , 19 ~3, and continuing on the firat day of each month thereafter until this note is fully paid, except that, if not sooner paid, the final payment of princ?pal and interest shall be due and payable on Lhe first day of :~ece.:.~er , . 2C02 privil'ege ~s reserved to prepsy at any time, without premium or fee the entire indebtedness or any part thereof not less than the amount of one uistallment, or one hundred dol~ara (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 neat such installment, the entire principal sum and accrued interest shall at once become due and ~ey- able without notice at the optaon of tLe holder of this note. Failure to exercise this option shall not oonstatute a w aiver of the right to eaemase the same in the event of any subsequent default. In the event of default in the payment of this note, and if the same ia collected by an attorney at law, the undersigned hereby agree(e) to pay all costs of collection, including a reasonable attorney's fee. This note is secured by mortgage of even date executed by the undersigned on certain pmperty described therein and representa money actually used for the acquisition of said property or the improvemente thereon. Presentment~ pmtsst. and notics are hereby waived. _ /s1 ~ward ~arl ':cC?or: ~~L~ _d-•~ard EarZ h!r_Glon ~ ; s/ Y.at':er~ ne :dcGlon ~ggAL~ ~ ?:at~erir.e *?cGlo^ - ~SBJ?L~ [SEAL] And shall duly, promptly, and fully perform, discharge, execute, et~ect, complete, and comply with and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of thia rao*tgage, then thi» mortgage and the estate hereby created shall cease and be null and void. ; The Mortgagor further covenants as follows: ; 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, € without premium or fee, the entire indebtedneas or any part thereof not less than the amount of one installment, or ~ one hundred dollars (t100.00), whichever is less. ~ 2. In order more full~- to protect the securit~- of this mortgage, the ~lortgagor, together v`ith, and in addition to, thc monthh- pa~-ments under the terms of thc note se~ured hcrebr, on the first da~ of each month until tlie said note is full~' paid, ~.ill pa~- to thc~ \iort~ngee, as trustee, (under the terms of this trust as }ierein- uft~r statcd) ihc iolloHi~ig sunis: (8) A s~m equsl to the ground rents, if any, nert due, plus the premiums that will next become due and payable on policies of firr~ and other hssard insurance covering the mortgaged property, plus taxes and assessments next due on t6e mortgaged property (all as estimated by the Mortgagee and of which the Mortgagor is ~ noti6ed) less all sutns elready pa~d therefor divided by the number of months to elapse before one month prior to t6e date when such ground rents, premiums, taxes, and as.gessments will become delinquent~ such sums to be held by Mortgagee~ntnisttopaysaidgroundrents,premiums,taxes,andspecialassessments. (b) The aggregate of the amounts psyable pursuant to subparagraph (a) and those payable on ~he 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 renta, tsaes, assessmenta, fire, and other hazard insurance premiums; ~ .(II) interest on the note eecured herebq; and ~ (III) amortisation of the principal of said note. ~ Any deficiency in the amount of suchaggregate monthly payment ahall, unless made good by the Mortr : ~ gagor prior to the due date of the next such psyment, const~tute an event of default under this mortga~;e. ~ ~ At ~iortgagee's option, Mortgagor will pay a"late charge" not exceeding four per centum (4°Jo) of any install- ~ ment when paid more than 6fteen (15) days after the due date thereof to cover the eatra expense in~olved in ~ hendling delinquent ~a}•ments, but such "late charge" shall not be payable out of the proc;eeds of any sale ~ made to satisfy the indebtedness secured hereby, unless such proceeds are sufficient to discharge che entire ~ indebtedness and all proper costs and eapenses secured thereby. ~ If the total of tl~e pa}-ments inade b~- tl?e :~tortgagor under (a) of paregraph 2 preceding st?all exceed ~ the amount of pa~-tncnts actuall-~ made b~- t~~e l~ortgagec, as trustee, for ground rents, tases and assessments, ~ and insurance premiun?s, as the ra,5e ma~= be, such excess shall be credite~ on subsequent pa~'ments to be made ~ bc the ~tort~a~;or for such items or, at ~lortgagee's option, as trustee, shall be refunded to Mortgagor, tf, - ~ however, such monthl~ pa~ments shall not be suffi~ient to pa~• such items when tt~e same shall become due ; end pa~'able, then the ~lortgagor shall pa}- to the Liortgagee, as trustee, an~• amount necessarv to make up : ~ ti?e de~icienc~-. Sucl~ pa~•ment shall be mude within~thict~ (:30) da~•s after w-ritten notice from the Mort.gagee ~ stating the amount of the deficiency, ~vhich notice mao be given by meil. If at any time the Mortgagor sh811 ~ t~^~ ~ ' E~.'Kw C F„r, _i• ~ _ ~T.s'~r'~.:._T't.w.^ ;_+'"i,"'~ ^a `YV.~.~i~`^ip ~ ~c.,~~-~''4I.' ~ ~.-~,~.`,~~e~' - _ ~ ~ ~ ~ ~ _E _ _