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Home My WebLink About2240 . ~ . , , , ~ . . ~:.~.•'~i The Mortgagor hereby oovensnts with the Mortgagee~ thst he is indeteasibly eeized oi said land ia !ee simple or sucL other estatet ~f any aa ie st~ted herein; thst he has tull power and iswiul right to oonvev the seme aa sfores~?id; thst the lend ~s free ~mm all encumbrsnces escept ss herein oWerwise recited; thst aaidlViortgagor will mske such further aesuranoes to prova the atoreeaid tiWe to ssid isad in ssid Mortgagee as msy be reaeon- sb~yreq uired~ and th~ti said Mortgagor does hereby fully wuranti the title to said lsnd, e?nd every psrt thereot~ sad will defend the same against the lawful claima of ~11 pereona ~vhomaoever. PROVIDED ALWAYB ~at lt ~8 ~riOT~~Or BLBII pay 11IIt0 ~ MOifgYg89 ~ati CBT~iLD prOm1880~? IIOf~B~ oi which the following is ~ subatsntisl oops, to ~t: i 28,000.00 Fort Pierce , ~lorida August 1419 73 FOR VALIIE RECSIYiD~ the underei~ned promise(e) to psy to .1. T. STEWART MORTGAGE GOMPANY , INC . 100 Miracle 'Hile Coral ~ables, Florida 33134 _ , s oorporstion orgaaised snd e~sting under t6e la~va of Florida , or order, the principal eum of TiVENTY-EIGHT T~iOUSAND AND NO/100---------------------------~~ t= 28,000.00). w;th interest from date at ~8 T~~ ~ seven anti 3/4~ per centum 3/~'0) P~ ~um oa the unpaid balance until paid. The asid priacipal snd interest ~ be psyable at the oB'ioe of J. T. STEWART MORTGAGE COMPANY, INC. in C o r a 1 G ab 1 e s, F 1 o r i d a , or at such other laoE sa the holder ms d te in ~vriting delivered or mailed to the debtor, in monthly installmente of Two ~iundred and 76y/10~- 200.76 ~~~cing on the Srst day d OCtober , 19 73y and ooatinuing on the first day of eacL month thereafter until thia note is fully paid, axc~ept that, it not sooner psid, the finsl payment of principal and interest shall be due and paywble on the first dsy of Sep teml~e~ • 2003• priv~'1ege ~s reserved to prepay at an~ t,ime~ without premium or fee (fie entue mdebtedneee or any part thereof not lees than the smount of one inatallment, or one hundred dol~ara (i100.00), whichever ia lesa. If any deficiency in the paym ent of any installment under thia note is not made g~ood prior to the due dste of t6e next such installment, the entire principel sum and accrued intereat shall at once beoome due and Fay- able without notice at Lhs option of the holder of tLis note. Failure to exercise this option shall not oonatitute s waiver of the right to eaercise the same in the event of eny subeequent default. In the event of defsult in the gayment of this note, and if the eame ie collected by an sttorney st lsw, the undersigned hereby agree(s) to pay all oosta oi collection, including a reasonable sttorney's fee. Thia note ia secured by mortgage of even dste executed by the undersigned on certaia pmparty described therein and representa money actually nsed for the acquisition of esid pmperty or the improvementa thereon. Preeentment, protest, end noticp, are hereby waived. /S/ R,Q.bert Hesmond Forsmsn [~l ~OBERT HAI~~t AO ~bR~ ~ [s~?r.] _ 3 Kathleea S. Forsmnn ~ ~ KATHLEEN S. FORSMAN ~ t~] ~ - i And shall duly~ pmmptly, and fully perforan, discharge, execute, eHect~ complete, and comply with and abide by esch and every the stipulations, agreements, conditions~ and covenants of said promissory note and of this mortgage, then this mortgsge and the estate hereby created shall cease and be null and void. The Mortgagor further covenants ss follows: } 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at sny time, ~ without premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment, or one hundred dollars (i100.00), whichever is less. 2. In order more full~ to protect the securit~- o[ this mortgage, t}ie I4fortgagor, together with, and in addition to, the ~nonthl~- pa~menta under the terms of tl?e note secured liereb~, on t}ie first da~ of each month w~til the said note is [u~l~ paid, will pa~ to the :biortgagee, as tcvstee, (under the terms of this t.rust es herein- after statcd) the following sums: (a) A sum equal to the ground rents, if any, next due~ plus the premiums that will next beoome due and payable on policies of flre and other hasard insursnce covering the mortgaged property, plus taxes and a.gsessments neat due ~ the mortgaged property (all as estimated by the Mortgagee and of which the Mortgagor is notified) las all sums already paid ther~tor divided by the number of montha to elapse before one month prior to the date when such ground rents, premiums, taxes, and assessments will become delinquent, such suma to be held by Mortgageeintiusttopaysaidgroundrents,premiuma,taxes,andspeciala~ssments. (b) T6e aggregate of the amounts payable pu~uant to subparagraph (a) and those payable on the note secured ~ hereby, shall be paid in a single payment each month, to be applied to the following items in the order ; atated (I) 8round rente, ta~ces, s~e~ments, 5re, and other hasard insurance premiums; ~ (II) interest on the note secured her~by; and ~ (IIn amortiu?tion of the principal of ssid note. Any deficiency in the amount of suchaggregate monthly payment ahall, unless made good by the Mort- gagor prior to the due dste of the next such ayment, constitute an event of default under this mortgage. At Mortgagee's option, Mortgagor will pay a"Pate cl~arge" not exceeding fow per centum (4%) of any install- ment when paid more than fi(teen (15) days after the due date thereof to cover the extra expense involved in handling delinquent ~ay ments, but such "late charge" ahall not be payable out ot the proceeds of any sale made to satisfy the indebtedness secured hereby, unless such proceeds are euff'icient to d~scharge the entire indebtedness and all pmper costs snd expenses secured thereby. 3. If the total of tlie pa~-ii~ents inade b~- the Mortgagor under (a) of paragrapli 2 preceding shall exceed the amount of pa~-ments actuall~ rnade b~ t~~e ~tortgagee, as trustee, for ground rents, taxes and as.sess~nents, - and ii~surance premiunLS, as the rase ina~ ~be, such excess shall be credited on subsequent pa~ ~nents to be made b~ the ~iortgagor for sucl? items or, at Mortgagee's option, as trustee, shall be refunded to Mortgagor. If~ ho~cever, such monthl~ pa~-ments shell not be sufficient to pa~ such iten~s when the same shall become due and pa~-able, then the ~tortgagor shall pa~ to the Mortga{;ee, as trustee, any amount ~necessary to make up - t}ic de~icienc}•. Suc1~ pa~•ment shall be mude within thirt~ (30) da}-s after wrttten notice from the Mortgagee ` stating the amount of the deficiency, which notice map be given by mail. It st any time the Mortgagor ahall r?J;; BOOK~~ PACE~.~i~+Jl y~; K _ . . . ~ ' ~._.e. _ _ - -_z. _ ~ _ , - u~z