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Home My WebLink About3779 The ~Iortgagor hereby covenanta with the Mortgaget?~ that he is indeteasibly seized oi said land in fee simple or such other estatet d any as is ateted herein; thet he haa tull power snd lawtul right to oonvev the same as aforesaid; that the lend ~a free ~mm sll encuwbrances except ss herein otherwise recited; that said~lortgagor will mske such further essurances to provo the sioresaid title to ssid lnnd in said Mortgsgee ae may be reRSOn- ablyrequiced~ and that said Mortgagor doea hereby fully warrant the ticle to said lsnd, snd every part tl~ereot, and will defend the same egainst the lawiul claims of all persona whomsoever. Penvinsn ALwwYa thst if the ?11ort~agor ahaU pav unto Lhe Mortgagee that oertain promisaory note, of ahich the following ia s subatantial oop~, to wit: = 23,C~00.00 Fort Pierce ~ F7orida. December 11 , 19~? . Fos VwLVS Racsrvgn~ the undersig~?ed promise(a) to pay to SOVI4iER'V lSOFTGAGF. A:SO^IAT°S, INC. ~ s corporation organised and e~risting under the lawa of State of Arkansas , or order, the prineipal sum of ZS+1"fITY THR~E THOUSAND A~ID NO/100---------------------------------~~T~ (t 2~,000.00 with interest from date at the rate of Seven per centum ( 7%) per annum on the unpaid balance until paid. T6e said principal and interest shall be payable at the off'ice of SOLITHF.I2I~I MOR'IC~AGF. ASSOCIAT~ , INC. P. O. Box 38, Shena:~doah Station in M iami , Florida , or at such other plaoE as the holder may designate in writing delivered or mailed to the debtor~ in monthly installments ofOt~E ~IUND2:n FIFTSf THREE & lf~/20~ Dollars (i 153.18 commencing on the first day of ~Tan~lary 1 , 19 73 , and continuing on the Srst day of each month tLereafter until this note is fully paid, except that, if not sooner paid, the final payment oi principal and interest shall be due and payable on the first day of necer.tiber 1 , 2002 , privilege is reserved to prepay at an~ time, without premium or tee, the entire indebtcdness or any part Lhereof not less than the amount of one uistallment, or one hundred dollara (E100.00)~ whichever is less. If any deficiency in the paym ent 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 ahall at once become due and ~ay- able without notice at the optaon of the holder of this note. Failure to exercise this option shall not constitute a waiver of the right to exercise the same in the event of any subsequent default. In the event of default in the payment of this note, and if the asme ia collected by an attorney at law, the undersigned hereby agree(s) to pay all coats of collection, including a reasonable attorney's fee. This note is secured by mortgage~ of even date executed by the undersigned on certain property described therein and representa money actually used for the acquisition of eaid pmperty or the improvementa thereon. Presentment, protest, and notics are hereby waived. ~1~~ennis Ralph fipgero Dennis RaZph Rogero ,~5~ JudY L. ?Z~vero [~L] Jt2dy L. Rpgero ' [SEAL] ~ And shall dul rom tl and full dorm discha e execute, eRect com lete and com 1 with and abide , Y, P P Y~ Y Pe , TB , , P , P Y ~ 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 c~se and be null and void. ~ 1'he Mortgagor further covenants as follows: ~ 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any t,ime~ ~ without premium or fee~ the entire indebt~dness or any part thereof not less than t6e amount of one installment, or ~ one hundred dollars (i100.00), whichever ia less. ~ 2. In order more full~- to proteM the securitr of this mortgage, the \tort~agor, together with, and in ~ a~l~lition to, thc• monthl~- pa~-nients under ihe terms of the note s~c~ure~l hereb~-, on Lhe first da~- of each month ~ until th~~ s~id not~~ is [u~l~- pnid. ~+-ill par to the ~1ort~*ngee, ~s trustee, (under the t~ruis o[ this trust as herein- ~ aft~~r st~ted) tt?e follo~cin~ sunis_ ~ (g) A sum equal to the ground rents, if any~ next due~ plus the premiums that will next become due and payable ~ on policies of 5re and other 6aaard insurance co~ering the mortgaged property, plus taxes and assessments next due on the mortgaged property (all as estimated by the Mortgagee and of which the 1lortgagor is ~ notified) less all sums already paid therefor divided by the number of mont6s to elapse before one month prior to the date when such ground rents, premiums, taxes, and a.ssessments will become delinquent, ~ such sums to be held by D~tortgageeintrusttopaysaidgroundrents,premiums,taxes~andspecialassessments. ~ (b) The aggregate of the amounts payable pursuant to subparagraph (s) and those payable on the note secured hereby, shall be paid in a single payment eac6 month~ to be applied to the foAowing items in the order ~ stated: (I) ground rents, tsxes, as~essmenta, fire, and other hazard insurance premiums; ~i (II) interest on the note secured hereby; and ~ (III) amortiaation of the principal of said note. - ~ns deficiency in the amount of such aggregate monthly payment shall, unless made good by the r~iort- gagor prior to the due date o( the ne~t such Pavment, const~tute an event of default under this mortga~;e. At ~iortgagee's option, Mort.gagor a ill pa~• a"late charge" not exceeding four per centum (4%) of any install- x' ment Khen paid more than 6fteen (15) days aft.er the due date thereofto cover the extra expense in~olved in handling delinquent ~ay•ments, but such "late charge" shall not be payable out of the procecds of an~ sale madc to satisfy the mdebtrdness secured hereby, unless such proceeds are sufficient to discharge the entire 5~ indebtedness and all proper costs and expenses secured thereby. :3_ If thc~ total of th~ pe~-~nents made b~- the ~tort~aKor under (a) ~f para~raph 2 preceding shall excced ~ the aiuount of pa~-n~euts a~tuall~- iua~le b~- the ~fort~agee, as trustec. for ground rents, taxes and acse~sments, am1 insuran~~~ preniiw~~s, as th~~ cas~ ma~~be, such excess shall be credited on subsequent pa}-ments to be made ~ b~- the ~iort~a~or for suc~h items or, ai~ ~lortga~ee's option, as trustee, shall be refunded to ~lortgagor_ If, ho~e~er, such monthl~- pa~-ments shall_ not be suffi~ient to pa~ such items uhen the same shall become du~ ~ end parable, then the ~tortgngor shali pa~- to tlu~ Llortgagee, us truste~, an~- aniount necessar~• to niake up th~ de~i~ienc}-. tiuch pa~-ni~nt shall b~ ~unde within thirt}- 1:;0) dars after w-ritten noti~e frorn the iltortgagee ~ stating the amount of the deficienc~ , t~hich notice mav be gi~ en by mail. If at any time the Mortgagor ahall t. ~ ~ ~1~:f v f ~v. i ~ , ~y ~ L Z~ ~"8T° y y' , j S ~ ~ ~~`H~`x ~ ~ '.2x~,E-~'..~!= "f,,,_ _ `:i.,~"n~+~`Pi'~mef'~.'`,.a-~".'.a~-~-v~, .,,,s'~~ 'v _"~j.