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Home My WebLink About0274 The Mortgagor hereby ooveasnts with the Mortgageey Wat he is indeteaaib~y eeized oi eaid land i.a fee aimple or such other eststet J e?n,y ~s is stated herein; that he Laa tall power aad l~wiul rigbt to oonvev the aame ~a aforesaid; thst the land ~s iree ~rom ~?ll encumbrances e~oept sa herein otherwise recited; that said~l~iortgag^or will make such further aeeunuoes to prove the ~foressid titl~ to said land in e~ud Mortgagee aa may be reaeon- A sblyreq uired, snd that said Mortgagor does hereby i wuran6 the title to s~id land~ and ever~ part Lhareot, aad ~vill defend the same agains~ tbe lawful claima oi pereone ~vhoYnsoever. PROYID=D ALNA?d ~l~t it tha Mortgagor aL~ll pay ~nto the Mortgagee that oertsia pmmieeory note, oi ~?Lich the lollowing is a subetan4al oopy~ to wit: = 26 ~ppp ~pp Fort Pierce , Florids. September 26th, ,19 73 . Fos Vui.vs RscstvsD, the undere~ed Promise(s) to W?,y to 1rC CAUGHAN ~~fORTGAGS COI~ANY, INC. . s. corporstion organised and e~ostin~ under tbe V~e ~ the State of Florida ~?e PrinpPv sum of ~iBN'1'Y-SI% THOOSAND AND NO/100- - - - - - - - - - - - - - - - - - ~?TS ~=2b,000.00----). with intereet fe+om dste at the rste oE eight and ane-half- --Qer centum ( 8~%) Pe* :nnum on the unpaid balance until paid. T6e se?id principal and interest s6u11 be psyable at the o~ce ot I~C CAOGRAN Ii~RTGAGB OOI~ANY, INC. ~ Coral Gables, Florida , or at euch other ple?o~ aa the holder msy d~ate in writing delivered or mailed to the debtor~ in monthly iastallments of ONB HUNDRED b NINTSi-NINE ~ 94/lOmollars (i 199.94- ---a. commencing on the fust dsy of Nwember , 19 73 , sad contanuing on the first dey of esch month thereafter until thia note ia fully psid, ezoept thst, if not aooner paid, tLe fiaal psyment of principal and interest ehall be due and payable on the Srst dsy of p~toyer . 2008 - pri~~' sa reserved to prepay at an~ time~ without premium or f.ee the entire indebtednese or sny part tbereoi notleee than tLe amount of one installment, or one hundred dol~ars (i100.00), whichever ia lees. If eny deficiency in the paym ent of any inatallment under t~is aote ia not made good prior to the due date of the nezt such instsllment, the entire principsl sum and accrued interest ehall at onoe beoome due and Fsy- is sble without notice st the option of the holder of tbis note. Fsilure to ezem,ise Wie o tion ahall not oonatatute s waiver of t~he right to ezercise the eeme in the event of sny subeequent defsul~ In e event of deisnlt in the payment of this note, end if the same is oollected by an sttorney st lsw, the nade,raigned Lereby agree(a) to pay all coets of collection, including a reasonable ettorney's fee. 'I'his note is eecured by mortgageyof even date executed by the undersigc?ed on c~ertsin pmperty deecribed therein and represents money actuall used for the'soquisition of said pmperty or the impmvemmta tbereon. t Preeentment, protest, snd notice are hereby waived. _ ~ . ~ll,~ [~l William Leanard Griesom, Sr. I~l ~ ~ ~ :C~ - a.~ s.d~i-~ ~ ' ~ [~l j Aaz~K. Gris~ ~ i ~ • And ahall dulY, Pt'~IDP~Y, and fully pedorm, discharge, execute, eHeat, complete, and comply with and abide ~ by esch and every the etipulations, agreements, conditiona, aad covenants of ~aid promiseory note and of thia ~ mo*tgage, the,~? thia mQrt,g~age and tbe estate hereby created aball oease sud be null and void. ~ The.Mortgsgor further oove,neats aa follows: ~ 1. That he will pay the indebtednesa, aa hereinbefore pmvided. Privilege ia reserved to P~Y ~~Y ~ without prem~ium or fee, the eatire~indebtedness or any part thereof not lesa tban the amount of one inatallment, or ~ one hundred dollara (i100.00), whichever ia le$s. ~ 2. In order more fully to protect the security of this mortgage, the Hortgagor, together with, and in addition to, thc monthh• payments under the terms of the note secured hereby, on the first day of each month until the said note is fu~lt paid, will pay to the Mortgagee, as trustec, (under the terms of this trust as herein- after stated) the following sums: ~ (s) A sum equal to the ground reats, if aay, next due, plus the premiums thst ~vill nezt beoome due and payable on policies of Sre aud other ha:ard insuraace covering the mortgaged property, plua taxes and assessmenta ~ neat due on the mortgaged pmpetty (aD 8a estimated bq the Mortgagee and of whic6 the Mortgagor is ~ notified) less all aums ate~eady psid therefor divided bq the number of month8 to elapee before one month prior to the date when such ground r~nts, premiume, taxes, and seseasments will become delinquent, ~ such eams to be 6eld b Mo ~ntn~stto said drents remiums tau and assessments. ~ Y ~8~ ~ P~q B~n , P , ~ BP~~ ~ (b) The aggregate of the amounta payable pu~uant to subparagraph (a) and thosepa~ yable on the note secured . hereby, ehall be psid ia a~ngle Papment each mont6, to be appLed to the f~llowing itema in the order ~ stated a - (I) ground rents, teucea, esseeameats, fire, aad other ha~rd insurance premiuma; ~ ~ (In interest on the note aecured hereby; aad (IIn amortisati~ of the principal of esid note. ~ Any deficiency in the amount oi auchaggregate monthly payment ahall, unleas made good by the Mort- ` gagor prior to the due date o[ the next such payment, const~tute an event of default under this mortgage. ' ; At Mortgagee'e option, Mortgagor will pay s"lste charge" not exceeding four per centum (4~Jo) of any install- ~a ment when paid more thsn Sfteen (15) days after the due date thereof to oover the eatra expense involved in ~ handling delinquent paymenta, but auch "late charge" ahall not be payable out.of the proceeda of any sale made to satisfy the ~ndebtedness secured hereby, unless such proceeds are au~'icient to d~scharge the ent,ire indebtedneas and all proper oosts and expenses aecured thereby. ~ 3. If the total of the pa~•ments made b~ the ~Iortgagor under (g) of paragraph 2 preceding shall eaceed the amount of pe~-ments actuall~ made by t~e Mortgagee, as truatee, [or ground rents, taxes and assessments, ~ and insurance premiums, aa the case mav be, such eacesa ahall be credited on subsequent pay-~nents to'be made ~ by the Mortgagor for such items or, at Mortgagee's option, as trustee, shsll be refunded to Mortgegor. If, ~ hoRever, such monthly payments shall not be sufficient to pa~ such itema when the same shall become due ,K: and pa ~able, then the Liortgagor shall pa~ to the Mortgagee, as trustee, any amount necessary to make up the de~cienc~ . Such pay~rr?ent sl?sll be made within thirt.v (30) da~-s after wntten notice from the Mortgagee ~ stating the amount of the deficiency, which notice may be given by mail. If at any time the Mortgagor ahall ~ eo~ 219 274 ~ F_ _ ~~:::e-~ . _ _ .