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Home My WebLink About0221 a The Mortgagor hereby cavenants with the Mortgagee, that he is indeteac+iibl aeized oi eaid land ia fee simple or such other eatate~ ~f any aa is at~ted herein; that he has tull power snd la ul right to uoavev the anme as storesaid; that t6e land ia iree ~rom all encumbrsnces eucept as herein atherwise recited; thst said~iortgagor will meke such further aeaurances to prove the sioresaid title to aaid lwd in said Mortgagee as msy be reeson- ab~yrequired, and tbwt ssid Mortgagor does hereby i~ wsrran~ the title to said lsnd~ snd evory put thereof~ and will defend the same sgainat the lawful claima of persoas whomsoever. PROVIDBD ALWAYB ~bL lI Lbe MOi~8g0! BhiU pap 11IIti0 ~6 MOl'~BgeA ~A~r OelL81II pfOA11880~ AO~~ of which the following is a eubstantial oops, to ~vi6: , = 10,000.00 Pbrt Pierce ~ F(ori~, June 7 ,19 ~3 . ~ ~ FOR YALU~ ASCSIVYD~ the undersigned promise(a) to pay to ; ~ 3. T. STP.'EQART P".:ORTC',AiGE CQ~iFAA'Y, ZNC. , s oorporation orgsnised aad e~riating ttnder the la~ve of State of Florida ~ or order, the principal eum of TF~ THOUSAND AAID NO/200 ~ 0, 000.00 with interest from date at + the r'ste of Seven per centum ( 7%) per annum on the unpaid balance until paid. ~ The eaid principal and interest shall be psyable at the o~ce of ~ J. ST~F2T t•tOR'IC'~AGE C~~'ANY, T.~iC., Suite 300 - 100 l~:iracle M.ile. ~ ~ Coral G~les , Florida , or at ~ch other plsoe sa the holder may deaignste in writ~ng i delivered or mailed to the debtor, in monthly installments of Seventy sev~n and 60%100------- Dollars ~ 77.60 commencing on the first day of July , 19 73, aud oontinuing on the 1 first dsy of each month thereaiter until this note is fully. paid, eaoept that, it not sooner paid, the finsl payment of principal and interest ahall be due and pay4ble on the first dey of June , 199~ privil'ege is reserved to prepay at an~ time, without premium or fee tbe entire indebtednees or any part thereof not less thsn the amount of one mstallment, or one hundred dol~ars (i100.00), whichever is less. If any deficiency in Lhe paym ent of any inatallment under this note is not mede good prior to the due date of the neat such installment, the entire principal sum and acerued interest ahall at once become due and psy- able withouti notice at the option of the holder of this note. Failure to exercise this option ahall not constitute a waiver of the right to eaercise the same in the event of any eubsequent default. In the event of detault in the payment of this note, end if the ssme ia collected by an attarney at lsw, the underaigned hereby agree(e) to pay all ooats of oollection, including a reasonable attorney's fee. ; This nots ia secured by mortgage of even date executed by the undersigned on oertaia property deacribed therein and represents money actualiy vsed for the acquisition oi ea?d property or the improvements thereon. Presentment~ proteet, and noticp, are hereby waived. ptl:a P~mt:nd :ia~dwic4 ~~L, Ot~ia~ n Har wic , t _ Flossie t~l. !iar~~~rick ~gg~L~ i ?lo~si~ M. ~ardtrick ~ w [s~r?L) i f i ~~"L~ j And shaU duly, pmmptly, and fully perform, discharge, eacecute, eBect, complete, and comply with and abide ~ ~ by each and every the stipulations, agreements, conditions, aad covenants of said promissory note and of thia ° mortgage, then this mortgage and the estate hereby created shall cease and be null and void. ~ The Mortgxgor further covenants as follows: ~ 1. That he will pay the indebtednesa, as hereinbefore pmvided. Privilege is re~erved to prepay st say time~ ~ without premium or fee, the entire indebtednesa or any part thereof not lesa than the amount of one installment, or ~ one hundred dollars (i100.00), whic6ever is less. ~ 2. In order morn full~- to pmteM thc securit~• of this mortgage, the :1-iortga~or, together with, and in ~ addition to, the manthl~- pa~-ments under the terms ot the note secured hereb~-, on the first da~ of each mont.h until th~ said note is full~• paid, w-ill pa~ to the ltortgagee, as tru.ctee. (under tt?e terms oi this trust as herein- after stated) the followitig sui~is: (a) A sum equal to the ground renta, if any~ neat due, plus the premiucne that will nPxt become due and payable ~ on policies of fire and other haaard insurance covering the mortgaged property, plus taxes and assessments ' ~ next due on the mortgaged pmperty (all sa estimated by the Mortgagee and of which the Mortgagor is i ~ notified) leas all sums already paid therefor divided by the number of mont6s to elapee before one month ~ prior to the dete when such ground rents, premiums, taues, and assessments will become delinquent, ~ such sums to be held by Mortgageeintrusttopaysaidgroundrents,premiums~tsses,andspecialassessments. ~ (b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the note secured ~ hereby, shall be paid in a single pay ment each month, to be applied to the following items in the order ~ stated ~y (I) 6mund rents, taxes, asses~menta, fue, and other hasard insurance premiuma; ~ (II) interest on the note secured hereby; and ~ °Yi (III) amortiaation of the principal of said note. ~ - Any deficiency in the amount of such aggcegate monthly payment shnll, unless made good by the Mort- s:~ gagor pr~or to the due date o[ the next such payment, const~tute an event of default under th~s mortgage. At I~iortgagee's option, Mortgagor will pay a"Iate charge" not eaceeding four per centum (4%) of any install- ment when paid more than Sfteen (15) days atter the due date thereof to cover the extra expense invol~ed in r= handling delinquent ~a ments, but such "late charge" s~all not be payable out of the proceeds of any sale c; made to satisiy the in ebt,~dness secured hereby, unless such proceeds are aufE'icient to discharge the entire < ~ indebtednesa and all proper costs and expenses secured thereby. k~ :3. If the total of tl?e par~i~ents made b~- t}ie ~iortgegor under (a) of paragraph 2 preceding shall exceed the amount of pa~-ments actuall~• mnde b~• t~e ~'Iortgagec, as trustee, for ground rents, tares and agsessments, and insurance prenziunis, es the ca.se ma~~ be, such excess shall be credited on subsequent pa~ments to be made `r~ b}• th~ ~lortgagor for su~h items or, at ;~tortgagee's option, as trustee, shall be refunded to Mortgagor, if, ~ how-ever, such montl~l~• pa}•n?ents shall not be suffi~ient to pa~~ such items when the same shall become due and a~•able lhen the ~tort a or shnll a~ to the :~iort ee, as trustee an~ amount necessary to make u ~1~ F , K g P.' K8K , P _ the de~icienc}•. Such pa~-ment sLall be made within thiri}' (30) da~s after written notice trom the Mortgagee stating the amount of the deficiency, which noLice may be given by mail. If at any time the Mortgagor a6all 6fi~ `:tC~f ~ ' £ . _ _ - ; - s : ~ ~ : ~ _ . - ~ . . . -