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Home My WebLink About2624 The Mortgagor hereby covenanta with the Mort.gagee~ that he ie indeiea.aibly seized oi said lsnd in fee simple or such other estatea d any as ia atated herein; that he Las full power and lawtul right to convev the anme as aforesaid; that the Innd is free ~rom aU encumbrances eacept as herein otherwise recited; that said Mortgegor will make such further asaurancea to provo the aforesaid title to said land in said Mortgegee as may be reason- ably required, and that said Mortgagor does hereby fully warreut the title to said land, and every part tl?ereof~ and will defend the same against the lawful claicns oi all persona whomsoever. PROVIDED ALWAYB ~aL lI t~18 :~~OTE~'Bg'O! S~l~ pl1~ UIILO ~8 MOf~'R~86 ~8t Ce[~91I1 piOlril.S801y I101R~ of which Lhe following is a subetsntial oops, Lo wit: i 15,900.00 P+ort Pierce , Florida. February 8 , 1g/3 . FOR VALOE RECSIVSD~ the undersigned proraise(s) to pay to Mc(~UGHAN MORT('~GE OOMAANY, INC. , a corporation organiaed and e~risting under the laws of State of Florida , or order, the principal sum of FIFTSEN THOUSAND NINE HUNDRED AND NO/100------------- Dollars (i 15 , 900 .00 with interest from date at the rate of seven per centum ( 7%) per annum oa the uapaid balance until paid. The said principal and interest shall be payable at the oflice af McCaughan Mortgage Oompany, Inc., P. O. Box 1429, ~ Ooral Gables, Florida , or at such other plaoe sa the holder may designate in writing delivered or mailed to the debtor, in monthly instaliments of One Hundred Five and 89/100----- Dollars 105.89 commencing on the first day of M~~ , 19 73, and continuing on the 6rst day of each month thereafter until this note is fully paid~ elccept that, if not sooner psid, the final payment of principal and interest shall be due and payable on the first day of February ~ 2003 . Privilege is reserved to prepay at an~ time~ without premium or fee~ t6e entire indebtedness or any pert thereof not less than the amount of one uistallment, or one hundred dollara (E100.00), 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 next such installment, the entire principal sum and accrued interest shall at once become due and ~ay- able without notice at the option of the holder of this note. Failure to exercise this option shall not oonstatute a a aiver of the right to eaercise the same in the event of any subsequent default. In the event of default in the payment of L his note, an d if t he same ie co llec t e d by an a t t orney a t law, the undersigned l~ereby agree(s) to pay aU costs of collection, including a reasonable attorney's fee. This note is secured by ~ortgage of even date eaecuted by the undersigned on certain property described therein and represents money actually used for the acquisition of said property or Lhe improvements thereon. Presentment, protest, and notice are hereby waived. /s/ RAger Joseph Denoncourt ^ Y ~~L~ Imger Jo- sep~ Denonoourt _ /s/ Patricia A. Denoncourt _ ~SEAL~ ~ ~ Patricia A. Denonoourt . - [SSAI'] ~ i - [SEAI'] ~ And shall duly, promptly, and fully perform, discharge, execute, effect, 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 will 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 tha.n the amount of one u~stallment, or ~ one hundred doliars (i100.00), whichever is less. ~ 2. In order n?ore full~- to protect tLe st~curit~- of this n~ortgag~, the ~fortga~or, together with, and in ; a~l~lition to, th~~ IIIOOIIII~' ~R~'Ill(•nts under th~ te~rms ~f th~ note s~c•ur~~~l hereb~-, on the first c~a~- of ~~aeh month _ «ntil th~~ suid not~~ is (ullr paid, ~~~ill pn~- to th~~ ~lort~a~e~, as trust~~, (und~r tl?~ terms of this trust as tierein- ~ uft~~r stat~~ll) 1~IP ~O~ION7Il~,* S111115: ~ A sum equal to 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 and assessments ~ next due on the mortgaged pmperty (aU as estimated by the Mortgagee and of which~the Mortgagor is notified) leas all sums already paid therefor divided by the number of montha to elapse before one month ~ prior to the date when such ground rents, premiums, taxes, and assessments will become delinquent, ~ such sums to be held by Mortgageeintrusttopaysaidgroundrents.premiums,taxes,andspecialassessments. " (bj The aggregate of the amounts paynble pursuant to subparagraph (a) and those payable on t6e 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, taaes, as.gessments, fire, and other hazard insurance premiums; (II) interest on the note secured hereby; and - (III) amortization of the principal of said note. Any deficiency in the amount of such e~;gregate monthly pa~ ment shall, unless made good by the I11ort- gagor prior to the due date ot the next such payment, consUtute an event ot default under this mortga~;e. ~ At ;~ior.tgagee's option, Mort.gagor will pa~ a"late charge" not exceeding four per centum (4°Jo) of any install- - ment Hhen paid more than fifteen (15) da~s after the due date thereof to cover the extra erpense in~ol~ed in _ handling delinquent payments, but such "late charge" shall not.be payable out of the proceeds of any sale -_:q made to satisfy the mdebtedness secured hereby, unless such proceeds are sufficient to d~scharge the entire indebtedness and all proper costs and eapenses secured thereby. :i. If tl~~ total of ilie ~A~"IIIPII1S I11A(~P b~- th~ ~Iort~a~or under (a) of para~raph 2 precedin~ shall exceed t)ic• ii~nount of pa~•ments ~~tuali~- n~a~i~ b~- tlie ~tort~;aKee, as trustee, for ~round r~nts, tu!ces and a.ss~ssn?ents, M~y aml in~uran~•~ pr~miuma, a~ thc~ ~•as~• int~~~be, such excess shaU be cre~lit~d on sut~seyuent pa~•m~nts lo be made b}- th~~ ~lortga~?or for sti~•h it~ms or, at ~iortgagee's option, as trustee, shall be refunded to :~tortgagor. If, ho~~-~~~er, suc•h montt?it- pn~-mc~nts shall not b~ suffi~•ient to pa~- su~h iten~s when the same shall become due ancl pa~-able, then thc ~1ort~agor shall pa~- to the ~fort~aRe~, tis truste~, on~- amount nerc~ssar~• to make up th~ ~leficienc}-. tiuch pa~•n~~nt sl~all he m;td~ Hithin thirt~~ (:~0) da~•~ after «-ritten notice from the :~iortga~ee stating tl~e amount of the deficienc~, «hich notice may be given by msiL If at any time the 1~lortgagor shall y~ t' ~ 1 ~'ti~7 . ~ ~ ~ ~ - ~ _ _ W~ , ~_w , . , _~F_.