The URL can be used to link to this page

Home My WebLink About2603 The Mortgsgor hereby covenants wi~h the Mortgagee, that he ia indefeasibly seized of said ]snd ia fee eimple or such other estate; tf sny as ie stated herein; that he has tull power and lawtul right to oon~ ev the anrae as ataresaid; thst the land ia free ~rom all eacumbrancea e~cept as her8in otherwise recited; thst saidllsortgagor will make such furtber ssauranoea to provo the aforesaid title to said land in said Mortgagee as may be reason- ablyrequired~ end thst said Mortgagor doee hereby fully warrant the tiWe to said land~ and every part thereot~ and will defend the same againat the lawful claima oi all peraona whomsoever. PROVIDED ALWAYB t~l6t lf tt18 ~~OTE~BgOr 8~~ pA~ 1111L0 ~A MOlLg8ge6 ~BL CB['~8l[l pl'OIIl1SeOTy? i101,@~ oi which the followiag is a subatsntial oopf, to wit: = 23 ~2Sfl.fl~ Fbrt Pierce , F(orids, T)ecember 7, 19 ~2. FoR VeLVS Rscsrvsu~ the undersigned promiee(s) to pay to T. T. STE'.4A!2^` N!ORTGAGE CX.4''~1PANY, I~?C. - ~ s corporation organi~d and e~osting under the lawa of State af Florida ~ or otder~ t,he principal sum of TWE~Y TEiREE THOt'SAND 4W0 NUNDRED T'I~'I'Y Ar`D NO/100------------------------ ~llArs (i 23,250.Q0 with interest from date at the rate of Seven per centum ( per annum on the unpaid balance unti! paid. The said principal and interest shall be payable at the o~'ice of 1, T, sTFwA *rr !~O~c?~rF CO!"-PA!QY , ZNC . ~UIT~ 300 - 100 Miracle *!ile in ~bra 1 Gar les ,~'lorida , or at sach other p1aoE as the holder may designate in writing delivered or mailed to the debtor~ in monthly installmenta of one xur.c?re~? ^i Fty ~ur a-~d 85/lomollara 1 S 4.~ 5 commencing on the firat day of Apr i 1 , 19 7 3, sad oontinuing on the firat day of each month tLereafter until this note is fully paid, except that~ if not aooner paid, the final payment of principal and interest shall be due and payable on the first day of March , 2003. privile~e 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 uLStallment, or one hundred dol~ars (t100.00), whichever is less. If any deficiency in the payment of any inst$llment under this note is not made good prior to the due date of the next such instaWnent, the entire principal sum and accrued interest ahall at once become due and Fay- able without notice at tLe option of the holder of t~s note. Failure to exercise this option shall not constatute a a aiver of the right to exercise the same in the event of any subeequent def sult. In the event of default in the pafinent of this note, and if the same ie collected by an attorney at law, the undersigned hereby agree(s) to pay all eosts 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 represents money actually useli for the acquisition of said pmperty or the impmvementa thereon. Presentment~ protest, and notice are hereby waived. /s/ La~rence Schwartz ~sg~,~ ~Lawxence ~c!~:aar*_z /s/ Lois M. Schwartz ~~L~ ^ Lois M. Scrwartz - [SEAL] E And shall dul , pmmptl , and full rform discha e execute etfect com lete and com 1 with and abide ; Y Y YPe ~ ~B, ~ ~ P , PY ~ by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of thia ~ mo*tgage, t6en this mortgage and the estate hereby created shall cease and be null and void. ~ The 14iortgagor further covenants as follows: ~ 1. That he will pay the indebtedness, as here~nbefore 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 le,ss. ~ 2. In order ~uore full~• to prote~t the s~curit~' of this mortga~e, the \fort~agor, together with, and in u~idition to, th~ n~onthl~- pa~•ments und~r the ierms of the note secured hemb~-, on ihe fint da~ of each month uutil tl~e saici note is (ull~- puid, ~~-ill pa~- to th~ \tortga~ee, as trustee. (under the terms of this trust as }?erein- aft~~r stated) the followi~ig suuw: (a) A sum equal to the ground rents, if any, next due, plus the premiums t6at will next become due and payable on policiea of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due on the mortgaged property (all as estimated by the Mortgagee and of which the Mortgagor 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, ptemiums, taxes, and assessments ~rill become dclinquent, such suma to be held by Mortgageewtntsttopaysaidgroundrents~premiums,taxes,andapecialsssessments. (b) The aggregate of the amounts payable purauant to subparagraph (a) and those payable on the note secured ~ 6ereby, shall be paid in a single payment each month, to be applied to the following items in t6e order " atated : ~ (I) ground renta, taxes, assessmente, fire, and other hazard insurance premiucns; ~ (II) interest on the note secured hereby; and (III) amortization of the principal of said note. ~ ~ Any deficiency in the amount of such aggregate monthly payment shall, unless made good by the Mort- ~ gagor prior to the due date o[ the next such pa} ment, constitute an event of default under th~s mortgage. ~ At Diortgagee's option, Mortgagor will pay a"late charge" not exceeding four per centum (4%) of any install- ment. when paid more than fifteen (15) days after the due date thereof to cover the extra expense in~olved in ~ handling delinquent ~a~ ments, but such "late charge" shall not be payuble out ot the proceeds of any sale ` made to satisfy the ~naebtedness secured hereby, unless such proceeda are sufficient to discharge the entire indebtedness and all proper costs and expenses secured thereby. :3. If the total of the pa~-ments made b~- the ~iortga~or under (a) o( para~raph 2 precedin~ shall exceed the amount of pa~-n?ents a~tuull~- macle b~- tl~e ~1ort~agee, as trustce, for ground rents, taxes and a.sses.sments, ~ and insurance pr~nuwns, as Ue~ ~~ase ma~ be, such excess shall be credited on subsequent pa~•ments to be made b}- th~ ~lortgagor for sueh items or, at :~iortgagee's option, as trustee, shall be refunded to Mortgagor. If, ~ howecer, such u~onthl~ pa~-menis shall not be suffirient to pa~• such iten~s when the same shall become due and pa~•able, then thc ~tortgagor shall pa~- to the titortgagee, as trustee, an~ amount necessar~ to make up ~ the de~icienc}-_ Such pa~•ment s)~all be ~nude within thirt~' (30) da~s after w~ritten noti~e froni the Mortgagee ~ st$ting tl?e amuunt of the deficiencv, wl~ieh notice mey ¢e~iven ~v mail. If et any time the Mortgagor shall 20-~ ~~~:2~02 ~ ~ r~~ ~ _ ~w. ~ ~ F ' ~~,~~a~.. ° ;f'a'~=~ ~c ' Y~ ~ ~ ; .~'-<<,;a~~ ~ _s. . _ _