The URL can be used to link to this page

Home My WebLink About1397 Tha Mortgagor hereby oovenAnts with the Mostgwgee?, th4~ he is in~eteaKibl seised of eaid le?nd in fee ai simple or suc6 other estAtst ~i sny as ie etated herein; tha6 he hss tull power and la• ul right to oonvov the ,Mme ~s ataresaid; that the land iaftee ~mm all encumbrences except ss herein otherwise recited; that ai?id~iort~egor will make such further asaursnoea to provo the aforesaid titiP to said land in said Mo~tgagee aa msy be reason- sblyrequired~ an~ that ssid Mortgagor loee hereby f~ warrant L6e title to s~id land, snd evors pa?r~ thereot, end wiU delead the same agsic~st the lawful claima oi persoas whon~soever. PROVIDSD ALWATB Ltla~ lI Ule ~10T~A(~Ot SIIYll pi9 11IIL0 tL9 MOI'~YgA9 ~8t CBfLSiR pI0IY11880tN R01~~ of which the !o!lowing ia s aubstantisl ooPS. to witi: = 19, 200.00 Fbrt Pierce ~ ~7oRda. February 28 , 19 73. FOR VALUS RSCEIVIiD~ the underaigned promise(s) to p~y to . J. T. STh~TART MOR'1'C,AGE OOMPANY, INC. , s oorporation organis~ed and e~osting nnder the lawa of State of Florida . or order~ the principal sum of NINET'EF~1 THnUSAND ZWO HUNDRID AND NO/100------- j~~ 19,200.00 with interest from date at t~e rate of seven per oentum ( 7%) per annum on t6e unpaid balance until pai~l. The said principal and interest shalt be payable at the oflice of J. T. STEWART t~iORTGAGE QO~iP+ANY, INC. Suite 3Q0 - 100 Miracle Mile in Ooral Gables, Florida , or at such other placE as t6e holder may designate in writing delivered or mailed to the debtor, in monthly installmenta of One Hundred Zraenty Seven & 87/10~~ 227.87 commencing on the firat day of April , 19 73 , and oontinuing on thc first dsy of each month thereafter until this note is fully paid, except thst, if not sooner paid, the final ayment of principal and interest shall be due and payable on the first day of March , 200~ , Privilege is reserved to prepay at an~ time, without premium or fee tLe entire indebtednees or any part thereof not less than the amount of one u~stallment, or one hundred dol~ara (a100.00), whichever ia less. If any deficiency in the payment of any installment under this note is not made good prior to fhe due date of the neat such instsllment, the entire principal sum and accrued intereat shall at once become due and ~ay- able without notice at the option of the holder of this note. Failure to exemase this option shall not consWtute a w aiver of the righL to eaercise the same in the event of any subeequent detault. In the event of default in the payment of this note, and if the ssme is collected by an sttorney at law, the undersigned hereby agree(e) to pay all oosta of collection, including a reasonsble attorney's fee. - This note ia secured by mortgnge of even date eaecuted by the undersigned on certain pmperty described therein and represents money actually used for the acquisition of said property or the improvements thereon. Presentment, prote~t, and noticF: are hereby waived. - ~,~'"-i`-,i( /1-S"i~.i.a~.` ,~c;,..-.-T,%. ~t~s~~ ~ It4bert Alkire Swisher, Jr. ~ - ~SSAL] ' - ~~L~ I ~ . ~ - I j And ahall duly, promptiy, a.nd fully perform, discharge, execute~ effect, complete, aud _ comply with and ahide i by each and ever~? the stipulations, agreements, conditions, and covenants of said promissory note and of this ~ mo*tgage, then th~s mortgage and the estate hereby created shall cease and be anll snd void. i The Mortgsgor further covenant9 sa follows: - 1. T6at he will paq the indebtedness, as hereinbefore provided. . Privilege is ne~erved to prep~y at any time~ ~ withaat premium or fee, the eutire :ndebtedness or suy part thereof not less than the amount of one installment, or one hundr~d dollars /:I00.00), whicaever is less. ~ 2_ In order i~iore full}- to protect the securit~- of thi.S mortgage, the ~iortgagor, together with, and in a acidition to, th~ monthi~- pa~•nients wider the terms of the note serure~l hereb~, on ihe first dar of each month witil the said not~ i.s fu~l~- puid, ~~ill pa~- to th~ ~1ort~a~e~, as trast~~, (under the ternis of this trust as hernin- after stat~cll the folloHitig sun~s: ' (a) A sum equal to the ground renta, if any, neat due, plus the premiums that will next become due and payable on policies of fire and other haasrd insurance oovering the mortgaged property, plus taxes and assessments next due on the mortgaged property (all as estimated by the Mi.rtqa~ee and of which the Mortgagor is notified) less all sums already paid therefor divided by the numbe: of months Lo elapse before one month prior to the dste when such ground rents, premiums, taxes, and essessments will become delinquent, such sums to be held by MortgageEintrusttopaysaidgroundrents,premiums.taxes,andspeciala3sessments. _ (b) The aggregate of the amounts payable purauant to subparagraph (s) and chose payabie on the note secured ~ hpreby, shall be paid in a single payment eac6 month, to be applied to the following items in the order ststed: ; (I) ground rents, taxes, asse.ssmenta, fire, and other hxsard insurance premiums; (II) interes~ on the note secured hereby; and ~ (III) amortisation of the principal of said note. ~ • Atry deficiency in the araount of suchaggregate monthly payment ahall, unless made good by the Mort- ~ gagor prior to the due date ot the next such pa~ ment, constitute an event of default under this mortga~;e. ~ At ~'Iortgagee's option, Mort~agor will pa~ a"late charge" not exceeding four per cent~m (4°Jo) of an~ iAStall- ment ~rhen paid more tha~ ~ifteen (15) days after the due date tl~ereof to cover the extra expense involved in ~ handling delinquent pa y•ments, but such "late charge" shall not be peyable out of the procee~'s of any sale - made to satisfy the indebt,edness secured hereb~, unless such procceds are aufficient t~ d~scharge the en:ire ~ indebtedness and all pmper costs and expenses secured thereby. ~ :i. If the total of the parments made br the ~1ort~a~or unlier (a) of paragraph 2 prncedin~ shall exceed the ntnount of pa~-rnents actuall~- made b~- the `tortgagce, as trustee, for gmund rents, taxes and assess?nents, ~ ~ and insuran~~ prnm~ums, a, the cuse ma~~be, such excess shall be credite~l on s~hsequent pa~-ments to be made R br tt?e ~tortga~or for such iten~s or, at :1lortgagee's option, as trustee, shall tx~ refunded tn :1~tort~a~,?or. If. ~ hoHe~er, sucl~ monti?l~ pu}•ments shail not be sufficient to pa~ such items w•hen the same shall become duc ~ and pa~-able, then thc ~lortgagor shall par to the ~lortgagee, as trustee, an~ amount necessar~ t~ make up ~a th~ cle6c~enc~-. tiuch pa~ment shall b~ ruade within thirt;~ (3Q) da~s after v~ritten notice from the htortga~;ee stating the amount ot the deficiency, which not.ice mey be given by mail. If at any time the Mortgagor ahall ~ ~ °;~x2~~ ~397 :a . ~ - - - . - - - - ~ ~ _ : _ _ - - _