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Home My WebLink About2148 The Mortgagor hereby oovenants wit6 the MortgageE~ that he is indefesaibly seized oi said laad in fes eimple or such other eetates ~t any as is atsted herein; that he has tull power ~nd lawiul right Lo oonvev Lhe eRme as aforesaid; that the le?nd ~s free ~rom all encumbrances except as herein ot6erwise recited; th~t ssid~Yl+iortgagor will malce auch further sseuranoeg to pmve the afot~esid title to said lsnd in said Mortgsgee as may be re+ieoa- sb~yrequir~d, and that said Mortgagor doee hereby i~qurant the title to said land, and e~ar~ p~rt theceof~ sud will defend the same agawst the lawful clsima oi persone whomsoever. ° PROVIDSD ALWATB tI16t lf LI18 I1r~OT1$AgOT 8biI1 ~ 11IIti0 ~e MOI~~80 OOt~ID p~+0~l~ DO~A~ O~ f ~vhich the following ie s aubatantial oops, to wit: - - = 32~ 5pp~ pp Fort Pierce December 10 .19 ?3 . FOR VALIIZ RECSIVED~ LIl@ llIId8l~1Cd p['OIriiB@~8~ ZO ~y t0 J. T. STEWART MORTGA~ COMPAN`!,: INC. . . s oorporatioa oraanised aad e~de~in~ under the ~ the State of Florida ~ or order~ the priappal sum of Thirty-~o Thousand, Five Hun- , dr~d and NO~lOQ------------------------ Dolla~s (i32, 500.00 with interest fran dste at ' t6e rate of Eight and One half per centum ( 82 per saaum on the unpaid balanoe until Paid• The said principal and interest ahall be payable at the offioe of J. T. STEFTART MJRTGAGE OOMPANY, INC. 100 Miracle Mile ~ Coral Gables, Florida , or at $uch other plaoe sa the holder may deeignste ia writin6 deliyered or mailed to the debtor, in monthly instsllmenta of Two Hundred~ Forty-Nine ana. 93/~~ ~=249•93 commencing on the first day of February ~ 19 7~, and ooatinuin~ on tLe first dsy of each month thereafter until this note ia fully paid, ezoept that, if not eooner paid, the fina~ psyment of principal snd interest ahall be due and psyable on the first day oi January ,~W'+ pri~~ ~a reserved to prepay at any time~ without premium or fee tLe entire indebted.nees or any part thereof notle~s than the amount of one u~atallment, or one hundred dol~ars (i100.00), whichever is lees. If any deficiency in the paym ent of : ny inatallment under this note is not made good prior to tLe due dste of the next such instsllment, the entire principal sum and accrued interest ahall at once beoome due and pay- able without notice at the optaon of the holder of thia note. Failure to eaerci~e thi~ option ahall not oonatatute s waiver of the right to eaercise the same in the event of any subsequent defaul~ In the event of detault in the peyment of this note, and if the same ia collected by an attorney at Isw, the undersigned hereby sgree(s) to pay sll costa of collection, including a reasoneble attorney's fee. This note ia secured by mortgage of even date executed by the undersigned on c~ertain property deecribed thecein and represents money actually used for the aoquisition of esid property or the improvemente thereon Preaentment, protest, and noticp, are hereby waived. 1~ John Harvey Stanbe (g~L~ JOIiN HARVEY STANBEftRY [s~?L] ~ ~ ~ i ~ [~l ~ ~ And shall duly, promptly, and fully perform, discharge, execute, eHect, complete, and oomply with and sbide by each and every the stipulations, agreements, conditions, and covenanta of said promissory note and of thia mo*tgage, then thia mortgage and the estate hereby created shall cease and be null and void. _ ~ The Mortgagor further covenants as follows: $ 1. That he will pay the indebtedness, as hereinbefore provided. Privilege ia reserved to F~P~Y ~~y t~~ ~ without premium or fee, the entire indebtedue,sa or any part t6erEOf not lesa than the amount of one installment, oc ~ one hundred dollars (i100.00), whichever ia less. 2. In ordc~r more fullr to protect the securit~ of this mortgage, the Mortgagor, together with, and in ~ eddition to, th~ monthh- pa~~~ients under the tenns of the note secured hereby, on the first da~ of each month uniil the said note is fu71~• paid, Will pa~• to the ;~iorigagee, as trustee, (under the terms o[ this trust ~ herEin- K after stated) tt?e follo~cing sums: ~ (s) A sum equal to the ground renta, if any, next due, plus t6e premiums that will ne:t become due and psyable on policiee of Sre and other hgaard insurance covenng the mortgaged property~ plus tazes and as~es~nents ~ neat due on the mortgaged property (all sa estimated by the Mortgagee and of which the 113ortgagor is ~ notified) less all sums already paid therefor divided by the number of months to elapee before one month ~ prior to the dste when such ground rents, premiums, taxes, and ss~essments will beoome delinquent, ~ such suma to be held by Mortgageeintivsttopaysaidgroundrents~premiums,ta:ea,andspecialaseesaments. ~ (b) The aggregate of the amouats payable pu~suant to subparagraph (a) and thase payable on the note secured hereby, s6all be paid in s single payment each month, to be appLed to the following items ia t6e arder = stated: ~ (I) B*ound renta, taaes, ssaessments, fire~ and other haaard insurance premiuma; t (II) interest on the note secured hereby; aad ; t (III) amortisation of the principal of said note. Any deficiency in the amount of suchagg regate monthly payment shall, unless made good by the Mortr ~r= gagor prior to the due date of the next su e h peyment, const?tute sn event o f de fau lt un der t his mor t g a ge. At ~iortgagee's option, Mort~agor will pay a"late chsrge" not eaceeding four per centum (4%) of any install- ment when paid more than f ifteen (15) days after the due date thereof to cover t,he eatra expense invo lve d in a=, handlin delin uent evment~-, but such "late charge" shall not be payable out of the proceeds of any sale g 9 ~ ~y made to satisfy the m~ebtedness secured hereby, unless such proceeds are suff'icient Lo discharge the entire ~ indebtedness and all proper costs and expenses secured thereby. :i. If th~ total of tlie pa~•~nents made b~ tlie ~tortgagor under (a) ot paragraph 2 preceding shall eaceed tl~e amount of pa~-ments a~tuall~- niade b~ t~~e 4lortgagee, as trustee, for ground rents, taxes and ag.gessments, ~ an~ insuran~e prnmiums, a.s the cas~ ma}~ be, such eacess shall be credited on subsequent pey~nents to be made b~- thc ~iortgagor for such iteins or, at :~lortgagee's option, as trustee, shall be refunded to ~iortgagor. If, houever su~•h monthl~- s~ n?ents shall not 1~ sufficient to a~ such items when the same shall become due , . P . and pa~-able, then the ~iortgagor shall pa~- to the Mortgagee, as trustee, an~ amount necesser~~ to meke up ~ tt?c~ de~icienc~•. Such pa~•ment sliall be made within thirt~ (30) da~-s atter written notice trom the ~tortgagee - stating the amount of the deficiencv, which notice msy be ven bv r~q{I ~~at any time the Mortgagor ehsll R Pl ~t ll _ e~eK 2~~. - _ ;