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Home My WebLink About1220 The Mortgagor hereby oovenants with the Mortgage~, t,h~t he is indefeasibly aeised oi esid laad in fee eimple or such other ostate~ ~i eny aa is ststed herein; th~t he has tull power aad luwiul right to oonvev Lhe same •a aioresaid; tha` tLe Lnd is iree ~+om all eacuu~brances ezcept ae herein otherwise recited; th~t eudl~iortgagor will make euch further aesuriwoee to prove the doresaid ~itle to said land ia said Mortgsgee ~e m~y be re~eon- ab~yreq uired~ snd that said Mortgagor does hereby fully warrsnt the titie to said land~ ~nd evory part theceot~ and will defend the same agsinati the li?wful cl~ims of all pereons wbomeoever. PROYIDED ALWATS ~L~ !t ~10 I`~OT~8g01' BbaU ~Ky 11IIti0 tL9 MOi~~80 WLL O8Tr81II pl'Om1860lf/ AO~A~ Ot w+hich the lollowing is substaatial oop~, to wi~: _ ~R~95n.00 Fort Pierce , t:ovember 28.1$13 • FoR Vwi.vs Rscsnrsn, the undereigned pcomise(s) to p~y to MCCAUGHAN riORTGAGE CO;~ANY, It~C. , s caporatioa org,anised aad e~osting under the ~ the State of Florida ~ P~aP~ ~ TWF.NIR-EIGHT THOUSAND, NINE HUNDRED AND FIFTY AND NO/100 Dolls~a (:28,950.Q0 from dste at ~e m~ ~ eight and one-half P~ ~tu~ ~ 8'~ P~* the unpaid balance until psid. The said principal and intereat shaU be payable at the o~ce ot riCCAUGHAN :IORTGAGE COZ~ANY, IAC. in Coral Gables, Florida , or at wch other place as the holder msy deei~ate in writing delivered or mailed to the debtor, in monthly inatallmente-of TWp HiTNDRED TWENTY-TWa AND 61/lOd~~ f= 222.61 commenc'vng on the firat dsY of January . ig 74 , and oontinuing on the firat day of each mont6 t6ereatter until this note is fully paid~ ezcspt that, if not eooner paid, the final psyment of princapal snd intereat shall be dus and payable on the Srat day of December,~ 2003 - privil'~e~e ~s reaerved to prepay at any time. without premium or fee the entire indebtedneee or any put t~ereof ~t leea tLan the amount of one installment, or one hundred dol~ars (i100.00), whichever ig leas. If any deficiency in the pa~m ent of any inatsliment under thia note is not made good prior to the due date of the neat such inatallment, the entire principal sum and accrued interest shall at once beoome due and ~sy- able without notice at the optaon of the holder of tbis note. Failure to eaemiee this option shal! not conatatute a a aiver of the right to eaercise the same in tLe event of sny subeequent default. In the event of defsult in the payment of this note, and if the same is collected by an attorney st lsw, ths undersigned hereby agree(s) to pav all coata of collection, including s reasonable attorney's fee. This note ia secured by mortga~e of even date executed by the undersigned on certain property described therein snd represents money sctually used for the acquisition of ssid property or the impmvemente tbereon. ~ ~ ~ Preaentn~ent, proteet, and notic.~, are hereby waived. ~~i~ ~ / RobQrt D°i~,~ ~s F inan (ggAl,~ ~ B~08ERT ~(IUGLA~ ;~-.~,n~r~~, Fr ~m - > [sBAL] SANDRA K. FREEMAN ~ - ~~L~ f " i ; s t K And shall duly, promptly, and fully perform, discharge, execute, e8ect, complete, and comply with and abide ~ by each and every the stipulations, agreements, oonditions, arid covenanta of said promissory note and of t.hia ~ mo*tgage, then thia mortgage and the estate hereby created e6all cease aud be null and void. The Mortgagor further oovenants ae follows: ~ 1. That he will pey the indebtednese, ss hereinbefore provided. Privilege ia re9erved to prepay at any time, ~ without premium or tee, the ~tare indebtedness or any part thereof not less than the amount of one installment, or one hundred dollars (i100.00), whichever is leas. ~ 2. In order morn full~ to protect t.he securit~ of this mortgage, the Mortgagor, together with, and in addition to, th~ rnonthlv payments under the tern~s of the note secured hereby, on the first da~ oi each month unlii the said note is full~ paid~ will pa~~ to the Mortgagee, as trustee, (under the terms of this trust as herein- after stated) the following sums: (s) A sum equal to the ~ound rents, if any, neact due, plua the premiums that will next become due and paysble ~ on policies of fire sad other hasard insurance covering the mortgaged property, plus taxes and assessments ~ next due on the mortgaged property (all sa estimeted by the Mortgagee and of which the Mortgagor is ~ notiSed) lese all sums already paid therdor divided by the number of months to elapee before oae month prior to the date when such ground renta, premiums, ta~ces, and sssessments will become delinquent, ~ such sums to be held by Mortgageeintrusttopsysaidgroundrents,premiums,taxea,andspecialessessments. ~ (b) The aggregate of t6e amounts payable pursuant to subparagraph (a) and those payable on the note secured ~ hereby, shall be paid in a single paymeat esch month, to be apphed to the following itema in the order atated (I) ground rents, taxes, aasessments, fire, and other hasard insursuce premiuma; (II) intereat on the note eecured hereby; aud • (III) smortiEation of the principal of said note. '4~: Any deficiency in the amount of suchaggregate monthly payment shall~ unle.sa made good by the Mort- gagor pnor Lo the due date of the next such payment, const~tute an event of default under this mortgage. ~ At Mortgagee's option, Mortgagor will pay s"Iste charge" not eaceeding four per centum (4°Jo) of any install- ment when paid more than fifteen (15) days atter the due date thereof to cwver the extrs eapense involved in handling delinquent psyments, but such "late charge" shall not be paysble out of the proceeds of any sale made to satisfy the ~ndebtedness secured hereby, unless such proceeds are suff'icient to d~scharge the entire indebtedness and all proper costs and expenses secure~ thereby. 3. If the total of t}ie pa~•ments made b~' the Mortgagor under (a) of paragraph 2 preceding shall eaceed the amount of pa~ ments actuall~ macie b~ t~e Mortgagee, as trustee, for ground rents, taxes and agses-gments, and insurance premiums, as the case mat~be, such eacess shall be credited on subsequent payments to be made ~ b~ the Mortgagor for such iteu~s or, at Mortgsgee's option, as trustee, shall be refunded to Mortgsgor. , however, such monthlv payments shall not be suffieien4 to pa~ such items when the same shall become due "'f~ and pa~•able, then the 14ortgagor shall pa~ to the Mortgagee, ~s trustee, anti amount necessarv to make up the de~iciene~-. Such pa~ment sliall be made within thirt~ (30) da~-s after written notice from t. e Mortgagee ~ stating the amount of the deficiency, which notice may be gi~~e~ b~~~~il. If at any time the Mortgagor shall bOGr t..~..~ `,1rE ~ ~ ~~~0 T~ ~ : _ _