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Home My WebLink About2614 w The Mortgagor herebp covenants with the MortgageE+, that he is indefea.Qibly seized of said land in fee simple or such other estaiet ~f any as ia stated herein; that he hsa tull power nnd lawful right to convev the annie As aloresaid; that the land ia free ~rom all encumbrances except as herein otherwise recited; that said Mortgagor will make such further asaurances to provo the aforesaid title. to said lead iu said Mortgagee as msq be rexson- ablyrequired~ and that said Mortgsgor does hereby tully warrant the title to said land, and every part tl?ereot, end will defend the same against the lawful claima of all persona whomsoever. PROVIDSD ALw~Ya that if the ?1lortgagor shall psy unto the Mortgsgee that certain promissory note, oi which the following is a subatantial oopf~ to ~vit: = 21,900.00 Fort Pierce , Florida, June 29 , 1973 . FOR VALUB RECSIVSD~ the unde~igned promise(e) to pey to J. T. STEWART 2URTGAGE COMPANY, INC. , a corporation organised and e~osting under the laws of State of Florida ~ or order~ the principal sum of TIdE.yTY-ONF. TfiOUSAND T:INE HU;~:DRED E1i1D ;d0/100--------__~w~~~__~_______~o~ (=21,9~0.00 with interest from date at the rate of seven per centum ( 7~Jo) per annum on the unpaid balxnce until paid, The said principal and interest shall be payable at the o8'ice af ' J. T. STF.t•1t1RT ~IORTGAGE CO:~'A.~tl', Ic~'C. , Suite 300 - 100 Miracle `~31e ~ Coral Gables , Florida ~ or at such other place as the holder may designate in writing delivered or mailed to the debtor, in monthly instaliments of p,~L ~~,n?DRFB FOR'~'Y-FIV~ ~ 35/1(30--Dollars 145. 85 ~~~~cing on the first day of August ~ 19 73 , and continuing on the first dny of each month thereafter until this note is fully paid~ eaccept that, if not sooner paid, the finnl payment of principal and inter~t shall be due and payable on the first day of July , 2003 , . Privile~e is reserved to prepay at an~r time, without premium or fee the entire indebtedneas or any part thereof not less than the amount of one uistaWnent, or one hundred dol~ars (i100.00), whichever is less. If anp deficiency in t~e payment of any installment under this note is not made good prior to the due date of the neat such installment, the entire prine~pal sum and accrued interest shall at once become due and Fay- able without notice at the option of the holder of this note. Failure to e~ercise this option shall not constatute a waiver of the right to eaerc~se the same in the event of any subsequent default. In the event of de[ault in tha paymen t o f t his note, an d i[ t he same ia co l lee t e d by an attornev at law, the undersigned hereby agree(s) to pay all costs of collectian. including a reasone~ble attorney's fee. This note is secuted by mort~age of even date executed by tLe undersigned on certain property described therein and represents money actually used for the acquisition of said property ar the improvemenLs Lhereon. Presentment, protest, and notice are hereby waived, ~1~! C~~~.s~t~t~el tone~ - ~~?L~ Curtis Saiauel Jtsnes --1s~_ .S~i Jone~ Sallie B. Jones - [~L~ - - [s~L] And shall duly, promptly, and fulty perform~ discharge, execute, effect, comptete~ and comply with and abide by each and every the stipalations, agreements, conditions, and covenants of said promissory note and of thie mortgage, 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 les`s than the amounL of one installment, or one hundred dollars (=100.00), whichever is less. 2_ In order ~norn full~- to protect the se~•urit~- of lhis mort~a~e, the ~lortga~?or, together Kith, and in a~l~lition to, th~• ~nontl?l~- pa~-~nc•nts under the ter~us of tl?e not~~ s~•e•ared hc~reb~-, on th~ first da~- of eaet~ n~ontli ~ until th~ snic( notc~ is full~- pai~f, ~~-ili p~~~- to th~~ ~iort~aK~•~~, as trust~c~, (urid~r tlu~ t~r~Tis of this trust as licrcin- ! ~iftc~r stat~d> thc~ follow•inK ,u~ns: ~ (a) 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 ~ ne~ct due on the mortgaged property (aU as estimated by the Mortgagee and of which the ~'Iortgagor is ~ noti6ed) less all sums already paid therefor divided by the number of months 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 Mortgageeintrusttopaysaidgroundrents,premiums,taxes,sndspecialas.se~sments. ~ (b) The aggregate of the amounts payoble pursuant to subparagraph (a) and those payable on the note secured i 8~~ b~y, sball be paid in a single payment each month, to be applied to the following items in the order (I) ground rents, taxes, assessments, fire, and other hazard insurance premiums; (II) interest on the note secured hereby; and ; (III) amortiaation of the principal of said note. ~ ~ Any deficiency in the amount of such a~gre~ate monthly payment shali, unless made ~ood by the tlort- ; gagor prior to the dtte date o[ the nest such pa~~ment, constiLute an event of default under this mortga~e. At ~lnrtgagee's option, Mort,gagor will pa~ a"late charge" not etceeding four per centom (4°Jo) of any install- ~ ment Khen paid more than fifteen (15) da}s after the due date thereof to cover the !~xtra expense in~olced in ; handling delinquent ~ayments, but such "late charge" shall not be payable out of the proceeds of any sale macie to satisfy the ~ndebtedness secured herebp, uiiles.s such proceeds are sufficicnt to d~scharge the entire inclebtedness and all proper costs and expenses secured thereby. : :3. If th~ total of th~~ parnu•n(~ mnde h~• th~ ~1ort~n~or undcr (a) of para~raph 2 pr~ce~iin~? st?all ~xc~ed J th~ iu~?ount O~ ~8~"II1Pi1lS R(•t.~all~- nuul~~ b~- tl~e ~1ort~a~;~c, as truste~, for ~round re~nts, tflses an~1 assessn?ents, anil insuran~~ pmmiun~., u, tlu~ rns~~ rr~e~~be, su~h excc~ss sl~all be cr~~lit~cl oi~ su}n~yu~nt ~A}•ni~nts to b~ made b}- th~• ~1ort~;U~;or for su~~l? itrms or, at ~lortga~~e's option, a.s trust~e, shall be r~~ru~~~i~~i t~ ~'Iort~a~or. If, ; hoH~•~i~r, suc•1~ monthl~• pa~-ments shail not bc~ sufTiri~nt to pa~- su~•h ite~i?s when the saine shall becOI11P (~UP and pa~-ablt~, then thc ~~ort~?n~or .h~~ll pn}• to the :~tort~a~e~, us truste~, an~- amount nece~.San- to rnake up tl~~ defici~nct-. tipc~}i ~~u}-rtu•nt sl~all be ?»:iIIP w'ItIl111 thirt~• (:i0) da~•s zift~~r written noti~e from il~~ ~iortga~ee _ stating the amount of the deficienct, wbich notic~ may be given b~ mail. I[ at any time the Mortgagor ahall f ) n' j r , 1 { ~ L ~ , • . _ . ~~j:~ . . . . . _ r.. , . . _ , . . . . . . . - . . , r~`''" '