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Home My WebLink About2819 The Mortgagor heroby ooveasnta wit6 the Mortgaget?„ that hs is indefeaaibll seized ot esid Iand in fee er f ~in le or such ot,her estste~ ii aqy as is atated hereia; t,hat he has full pov?ee and bvvful right to oonvev Lhe s+u~e ~ as oresaid; that tha land ~s te+ee ~+om all encumb»noes escepti s~ bereia oWerwiee recited; thut s~id~uiortgagor will m~?lce such furt6er aesutai?oes to prova tiLe aforeeaid title to s~id land ia said Mortgagee aa m~? be reseon •b required, and t6ati a~id Mortgagor does heraby i~y warran` t6e title to soid lsnd, and ever~ pyar6 thereof, • si an will defend the eame againat the lawtul claims oi all pereons whomaoever. ~~--ry PAOVIDED AL~f?AYe ~iL lt L~IA MOl~~iO! dhiU p~ 1lIIf,p ~ Mp?~igep LIU` ~pTf,Ljll }1PpIClLg9pl9 Ap~Ba Ot ' whic6 the following is ~ substantial ooPS~ to witi: = 19,050.00 Pbrt pierce , Florida. May 17 ,19 73 . ~ Fos Ver.vs Racstvso~ the unde~ned promiee(e) to psy to : McCAUG~IN MQRTGA~E QO~iANY ~ INC. lawe of State of Flozida ~8 ~a ' s°°'p°'xta°n organised and e~ostin~ uader the , ~ P~ P~ eum of NINSTBSN THOUSAND FIPR'7[ 11rID NO/100----------------------------------Dollars (i 19,050.00 with intee~eat from date at the rate of seven per centum ( 7%) Per snnum o~ tbe unpaid balanoe until paid. T6e eaid princippt pnd inte~eet shall be psyable at the o~oe of McCauqhan ~i~lgrtqage Oampany,. .~c. ,~bst Office Box 2429 - ia O~ral Gables, Florida , or at such other p18oe as the holder msy designate in writing delivered or mailed to the debtor, in monthly inatallmenta of O~e I~hutdred Zwenty Six and 8711Qqb]~ (i 126.87 oommencing on the firet day of JtiiIY ~ 18 7~, e~nd oontinuing oa t6e firet day of esch month t~ereafter until thia note is fully paid, except th~?t, ii not sooner paid, the final yment of principal and int~erest ahell be due snd payable on the first day o# ~e , 20~3, Priv~'1ege ~a reserved to prepay at any time, witLout premium or tee the entire indebtedneee or sny part thereof notlees than the amount of one uiatallment, or one hundred dol~ars (t100.00), wLichever is less. . It any deficiency in the payment oi any installment under this note is not made good prior to the due date ~ ~ of the neat auch inatallment, the entire pr?ncipal aum and accrued interest shall at once beoome due and ~ay- able without notice at the option of the holder oi this note. Failure to eaema~e thia option shall not oonstttute a waiver of the right to ezamise the same in tLe event of any subeequent defaul~ In tLe e~vent of default in the peyment of this note, and if the esme is oollected by an sttorney st ls~v, the nndersigned Lereby sgree(e) to PaY all coste of oollection, including s reaeonable sttorney'e fee. - ~ • This note ia eecured bp mortga~e of even de?te eaecuted by the nndersigned on certain pmperty described therein and represents money actually used for the acquisition of said pmperty or the improvemente tber~eon. Preeentment, pmteat. snd notic:e sre hereby waived. , /s/ Eddie Lee Davis ~~L~ ~ ie +Y~.s ~ - ~ [SBAI.] . [~AL] [38AI.]- And shsll duly, pmmptly, and fully perform, discharge, execute, eSect, complete, and comply with and sbide by each and every the stiPulations, Agreemente, coi~ditions, and ooveneata o~ said promissory note and of tbis mo*tgage, then this mortgsg~e and the.estste hereby created ehall cease and be null and void. • The Mortgago~ fu:ther ooveaaat8 as followe: _ 1. That~~ir~,',,p41~~p ~Jpf. ta~.~nbefore pmvided. Privilege ia reeerved to Prepa?Y at ~ny time, arithout premium or fee, t~e eatare ~nde dnees or aqy part tLereof not less than the amount of one installment, or one hundred dotla~ (=100:00), whichever ia leas. ~ ~ 2. In order mo~`e fully to protect the security ~of this mortgage, the Mortgagor, together with, and in ' addition to, the monthl~ paymenta under the terms of the note secured hereby, on the first da~ of each month ~ until the said note is full~ puid, will pay to the Mortgagee, as trustee, (under the terms of this trust as herein- ~ after st$ted) the following sums:. . . ' (s) A sum equal to tbe ground reats, if auy, nezt due, plua th~ premiums that,will next become due and p~ysble ` on policiee of ~re aud other hasar~ insurance covering t~e mortBaB~ P~Pe~Y, Plus taxes and ~sments ne.~t due on the mortgaged property (a11 ae estimated by the Mortgagee and of which the Mortgagor is ~ noti6ed) less all eums already paid t6ern,for divided by t6e number bf montha f,o elapee before one month ~ prior to the date when such ground rents, premiums, taxes, and sseessments Will become delinquent, ~ such euma to be bcld by Mortgageeintrusttopsysaidgmundrents,premiums,taxes,andspeciala~ssments. ~ (b) T6e aggre~ste of the amounta pa able purausnt to aubparagraph (a) and thoaepa~ yable on the note securEd hereby, shall be paid in a 8in~e Pa3'meut esc6 month, to be applied to t6e f~llowing i~ema in the order stated - (n ~und rente, t~es, aseessmenta, fire, aad other hssani insurance premiums; (II) interest ~ the note securEd herEby; and (IIn amortisation of the princip~al of eaid aote. Any deficiency in the atnount of suchaggregate monthly psyment ahall, unless made good by the Mort- gagor prior to the due date of the next such psyment, const~tute an event of default under this mortgage. At Mortgagee's option, Mortgagor witl pay a"lste charge" not exceeding four per centum (4°Jo) oi any ~nstall- ; ment when paid more than Sfteen (15) de?ys after t6e due date thereof to cover the extra expense involved in ; handling delinquent ~sqmcnta, but such "late charge" ahsll not be paysble out of t6e proceeds oi any sale made to satiafy the mdebtedness secured hereby, unless such proceeds are euflicient to d~acharge the entire ~ indebtedness aad all proper costs and e~cpenses secused thereby. ~ 3. If the tota) of the pa~~n~ents made b~• Lhe Mortge{;or under (n) of paragraph 2 preceding shall exceed ; the a~nount o( pa~•ments actuall~ made b~ t~e Mortgagee, as trustee, for ground rents, taxes and assesaments, and insurance premiums, as the case ~na~ be, such excesa shall be credited on subsequent pa~-ments to be made ~ b~ th~ Mortgagor for auch itema or, at Mottgagee's option, es trustee, shal) be refunded to Mortgagor. If, ; however, auch ?nonU~l~• pa~ments shall not be suffirient to psr such iterns when the same shall become due i and ps~able, then the Mortgagor shall par to the Mortgagee, as truatee, sn~ amount necesst~rv W mske up ! thp de~icienc~•. Such pa~•ment shaq be mac1P wilhin thirt~ (30) da~~s stter written notice from t}?e Mortgagee ~ atating the sirt~?unt of th~deSciepcq, which nodce msy be given by mail. If st any timekt6e Mortgagor shall ~ 9~OF E~t~K~~4 P1~f~C~~~ ~ f s~ ~ ~.P'.5'd"~-~~+~v5''+.~„A, . - as"~~ _ "