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Home My WebLink About1642 The Mortgagor hereby cavenante with the Mortgagee~ that ha is inde~eaaibl seized o! ssid land in fee i simple or such otber estate~ d any as is ststed herein; that he hae tull power and ta ul right to oonvev the snme ea storesaid; that the land ~a iree ~rom all eneumbrances except ua herein othecwise recited; that said~tortgagor wilt mske such further aasuran~es to provo the atoressid title to ei?id lsnd in said Mortgagee as may be reaeon- ablyreq uired, and thst said Mortgagar doea hereby !ully warrsnt the title to asid Isnd, sad every pe?rt Lhereot, and will deiend the same agaiast the lewtul clsims of all pereons wLomsoever. PROVIDED ALWAYB ~8t lI Ul8 I~rSOT~~OT 8b4U j1A~ 11LL0 Lbe MOT1gig~ 1L8ti Cei1~81R pI'OIIIle80iyt A01~~ Of which the following is a subatsatiat uops, to ~vit: i 29,500.00 Fort Pierce , Florids. November 1, 1973 . FOA VALIIS RECEIViD~ the under~o~ed promiee(s) to psy to _ J. T. STEWART MORTGAGE COMPANY, INC. , s oorporatioa organised aad e~osting under the ta~vs of the State of Florida , or order~ the principal e~ oiTWENTY-NINE THOUSAND, FIVE HUNDRED AND NO/100 . : . . . . . . . . . . . . . Dollais (i 29,500.00 with interest from date at ~e ~ eight and one-half per centum 8~ ~Jo) per annum on the unpaid balance until paid. The aaid principal and interest s6all be payable at the office of J. T. Stewart Mortgage Company, Inc. ~ Coral Gables, Florida , or at suc6 other pla?oe as the holder may designate in ~vriting delivered or mailed to the debtor~ in monthly installments of TWO HUNDRED, TWENTY-SIX AND 86/1QQ~~ 226.86 ~~~cing on the first day of December , 19 73 , snd oontinuing on the first day of each month theresfter until this note ia fully paid, e:oept thst, if not eooner paid, the final payment of princapal and intereat shall be due and payable on the firat day of November , 2003 . Privile~e ia reserved to prepay st an, time~ without premium or fee~ the entire indebtednees or sny psrt thereof not1esa than the amount of one u~atallment, or one hundred do ars (s100.00), whichever is lese. If any deficiency in the payment of any inatallment under t~is note is not made good prior to the dus date of tbe next such instsllment, the entire principal sum and accraed intereat ahall at once beoome due snd Fay- able without notice at the option of t,he holder of thia note. Failure to exercise thia option ahall not oonat~tute a waiver of the right to ezerciae the same in the event of any subeequent dafault. In the event of default in the payment of this note, and if the same is aollect~ed by an sttorney st law, the unde.rsigned hereby agree(e) to pay all c~st8 of collection~ including a reasonable attorney's fee. This note is secure~d by mortgage of even date executed by the undersigned on certain property deecribed therein and represents money actually used for the acyuisition of said property or the improvements thereon. ~ Presentment, proteat, and noticA are hereby waived. /sl RohQr~ Z ~ haQ~, Haselgrove ~~L~ ROBERT MICHAEL HASELGROVE ~c~ Kat-hPrj,n~j~y~l_grov,Q ~ggpt,~ KATHERINE HASELGROVE - ~~1 [~+L] And ahall duly, promptly, snd fully perform, discharge, execute, eBect~ comptete, and comply with and abide by each and every the stipulations, agreementa~ conditions, and covenants of said promissory note and of this mo*tgage, then thi~a mortgage and the estate hereby created shall cease an~t be null and void. The Mortgagor further covenants sa follows: 1. 1`hat he will pay the indebtedness, aa hereinbefore provided. Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedaeas or any part thereof not lesa t6aa the amount of one installment, or one hundred dollars (ilOQ.00), whichever is leas. 2. In order more full~ to pmtect the securit~ of this mortga~;e, the tifortgagor, together with, and in addition to, the monthl~ pa~~ments under the terms of thc note secured hereby, on the first da~ o( each month untii t}ie said note is fu~l~- paid, will pa~ to the :4lortgagee, as trustee, (under tt?e terms of this trust ss herein- aft~ r stated) thc following surns: - (a) A sam equal to the ground renta, if any, next due, plus the premiums that will next become due and payable on policies of Sre aad other ha~rd insurauce oovering the mortgaged property, plus taxes and a~sessments next due on the mortgaged property (all ss estimated by the Mortgagee and of which the Mortgagor is notified) less all aums siready paid therefor divided by the number of months Lo elapse beforE ane month prior to the date when such ground r~nts, premiwns, taxes, and aesessments will become delinquent, ~such sums to be held by Mortgageeintnisttopaysaidground rents, premiuros, taaes, andapecial assessments. (b) The aggregete of the amounts payable purauant to subparagraph (a) and those payable on the note secured She~re~by, shall be paid in a~ngle payment each month, to be epplied to the following items in the order (I) ground rents~ ta~ces, assessmenta, Sre, and other hasard insurance premiuma; (II) intereat on the note eecured hereby; and (III) amortisation of the principal of said note. Any deficiency in the amount of suchsggregate monthly pavment shall, unless made good by the Mort- gagor prior to the due date of the next such payment, const~tute an event of defauit under t6is mortgage. At Mortgagee's option, Mortgagor wil! pay a"late charge" n+~t exceeding four per centum (4%) of any install- ment when paid more than fifteen (15) days after the due date thereof to cover the extra expenae involved in handling delinquent paymenta, but such "late charge" shall not be payable out of the proceeds of any saie made to satis[y the mdebtedness secured hereby, unless such proceeds are sufficient to discharge the entire indebtedness and al! proper costs and eapenses aecured thereby. _ :3. If thP tot~l of th~ pa~•~nents ~nade b~• the ~'Iortgagor under (a) of paragraph 2 preceding shall exceed the amount o( pa~-mcnts actuall~- made b~• t~e ;~iorigagee, as trustee, for ground rents, taxes and asses.sments, and insurance premiums, ag the case ma~•~be, such excess shall be credited on subsequent pa~-ments to be made b~- th~ ~iortgagor for su~L items or, at ~~tortgagee's option, as trt2siee, shall be refunded to Mortgegor, If, however, such monthl~• pa~-ments shall not be suffi~ient to pa~• such iten~s when the sarzie shall become due and pa~'able, then the titortgagor shall par to the Mortga~;ee, as truster, an~ amount necessar~ to meke up th~ de~icienc}-. Such pa~ment shalt be made within thirt;v (30) da}~s after wtitten notice from the Moctgagee stating the amount of the deficienc~, which notice msy be given by mail. If at any time the Mortgsgor ahall EOflR ~ PAt~