The URL can be used to link to this page

Home My WebLink About0457 ~ . The `iortgagor hereby covenants with the r4ortgagee~ that he ia indefeasibly seized oi ssid land in fee simple or such other estatet d eny aa is atsted herein; that he hsa f ull power and lawtul right to convev the saine as afaresaid; that the land ia iree ~rom all encumbrances except ss herein otherwise recited; ~hat said7l~iortgagor will make such turther esaurances to provo the aforesaid title to said land in said Mortgsgee as m~?y be re~?son- ablyrequired, and that said Mortgagor doee hereby fully warrent the title to said land, and every part thereot~ and will defend the same agaiast the lawiul cleima oi all persona whomsoever. Paoviusa A~w~Ye thst it the ?~iortgagor ahaU psy unto the Mortgagee thet ce~tain promissory note~ of which the tollowing is a subatantiet copp, to wit: ~ . ~ ~ . v J Fbrt Picrcc~ ~ Floride?. ~ 19 73 ~ . FOA VALUE RBCEIVSD~ the undersigned promiae(s) to pay to ,•,,CF?~~^_:A: "ORZL^:.~~ OOi:F~al,^.', I::^_. , a corporation organized and e~osting under the laws of Stat^ a` ~r:;~a ~ ororder, the principal sum oi~~^:^w ~E~,~' ~'.:OL'S1::D `'I:c t'L^'Dn,I•~ ^~a'I'Y *•O," ~C------------------------~11ara (i 27 , 5~ ) with interest from date at . . , the rate of per centum ( per annum on the unpaid balance until paid. The said principal and interest ahall be payable at the office of 'I~:.a~~r'.•a^ :ic~-t~a;~ br:,~~^; , I.^.^., P~~} Of`:.cc ~.c>~r ir~~, - ~ r~Y~_~_ ~ , or at such other plaoe as the holder may designate in writing delivered or mailed to the debtor, in monthly installments of On^ '~?.^.a•-,_. ~~;?:t ~~~r u 2','? ~C Dollac's 1 z• 2't commencing on the first day of ~ ~ t , 19 7 Z and continuing on the firat day of each month thereafter until this note is fully paid, eucept that, if not sooner paid, the final psyment of principal snd intErest shall be due and payable on the first day of ,~;;11 , 20 ~ 3. ` privile~e is reserved to prepay at any time~ without premium or fee~ the entire indebtednesa or anp part ; thereof not less than the amount of one u~stallment, or one hundred dollars (E100.00), wluchever is less. If any deficiency in the paym ent of any installment under this note is not made good prior to the due date of the neat such installment, the entire principal sum end accrued interest shall at once become due and psv- able without notice st the option of the holder-of this note. Failure_to exercise this option ahall not constitute a a aiver of the right to eaerc~se the same in the event of any subsequent defeult. In the event of defaulc in the payment of this note, and if the same ia collected by an attorney at law, the undersigned hereby agree(s) to pay all costs of collection, including a reasonable attorney's fee. This note is secured by mortga~e of even date executed by the undersigmed on certain property described therein and represents money actually used for the acquisition oi satd property or the impmvements thereon. Presentment, prote~st, and notice are hereby waived. r ~ ..1~ n r.. n r L'~'AL, :ia• ~e Lc~'___ . /c ~ ~t,n~'nr-~ ~5~ =fc _ ~~L~ " '~T_n.-.,,~-. ~.-1 : n ..-w - L~~ [~L] ; i Md shall duly, promptly, and fully perform, discharge, execute, eHect, complete, and comply with and abide ~ by each and every the stipulations, agreements~ conditions, and covenants of saed promissory note and of thia E mo*tgage, then this mortgage and the estate hereby created shall cease and be null and void. ~ The Mortgagor further covenants as follows: . ~ 1. 'I'hat 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 than the amount of one installment, or p one hundred dollara (i100.00), whichever is less. ~ 2. In order more full~- to protect the s~curit~- of this mortga~e, the ~lortgagor, together with, and in ~ ud~lition to, tlie monihl~• pa}•ments underth~ tern~s of tlie notc• serured i?creb~•, on the first da~- of cacl~ montl~ ~ uutil tl?e said note is full~- pui~l, ~sill pn~' to thc ~tortKn~ee, as trustee, (under the ternis of this trust ns herein- ~ att~~r stated) tl?~ folloKi~ig stu~?s. . ~ (s) A sum equal to the ground rents~ if any, next due, plus the premiums that will next become due and peyable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments ~ neat due on the mortgaged property (all as estimated by the ~iortgagee and of which the Mortgagor is noti6ed) less all sums already paid therefor divided by the number of months to elapse before one month ~ prior to the date when sach ground rents, premiums, taxes, and assessments will become delinquent, ~ such sums to be held by Mortgageeintrusttopaysaidgroundrents,premiums~taxes,andspecialassessments. ~ (b) The aggregate of the amounts payable pursuant to subparagraph (a) and th~se payable on the note secured ` hereby, shall be paid in a single payment each month, to be appl~ed to the following items in the order ~ stated : ~ (I) ground rents, taxes, assessments, fire, and other hazard insurance premiums; (II) interest on t.he note aecured hereby; and _ (III) amortiaation of the principal of said note. Any deficiency in the amount of such aggregate monthly payment shall, unless made gaod by the Mort- ~r= gagor pr~or to the due date of the nert sucl? ay ment, const~tute an event of default under this mortgage. At Aiortgagee's option, Mort~agor will pa~ a"Pate chargc" not exceeding four per centum ~4%) of any install- - ment ~shen paid more than fifteen (15) days after the due date thereof to cover the extre expense in~ol~ed in handling delinquent ~ayment,s, but such "late charge" shall not be payable out of the procceds of any sale ~ made to satis(y the ~ndebtedness secured hereby, unless such procceds are sufficient to d~scharge the entire indebtedness and all ptoper costs and expenses secured thereby. _ :i. If the total of th~~ pa~-m~nt~ mad~ b~- the ~4ort~a~or under (a) of part~~raph 2 precedinK shall ~xceecl the n~nount o( pa~-m~nis a~tuall~- mud~ b~• the ~lortga~ce, as trustc~•, for ~round rents, taxes arid aSSessments, ~ an~1 insoranc~ pr~n?iums, as th~~ ~•as~ mn~ ~be, su~•h escess shall be cre~lite~l on subseyuent purments to be made ~ b~- th~• 11ort~aKor for su~h it~ms or, nt ~lortgagee's option, as trustee, shell b~ r~fanded to Mortgsgor. If, ~a hoHCVer, such n?ontl?I~- pa~~n~Fnts shall not be suHi~i~nt to pa~' soch items w•hen the same shall become due ~ and pat•ahle, thcn th~ ~iortgu~or sht~ll pn}- to the ~1ort~a~ee, as trustc~, an~• amount nece.ssar~ to make up ~ ~ th~ de~i~ienc~-. tiurh pa~-m~nt sLall be niade wiihin thirt~- (:i0) da~•s after w-citten notice troin t~e ti'Iortgagee stating the amount of the deficienc~, ~vhich notice may be given by mai~. If at a~y time the l~tortgagor ahall ' - ~ ± l~ 17 ~ r c.~. , ~•t - - - ~ ~ s _ ; ~ ~e-~ r. _ ~ C ~ '^~-axr~~-a.~_ h._ ~ lu w~ .4. ~ . . . _ . n. -~`}.~Y~~~rY~ LS