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Home My WebLink About1018 The Mortgagor hereby oovensnta with the Mortgage~?, th~t ha is indeteaaib~r seized of said land in fee eimple or such other estatei ~i any a8 ie atatcci herein; thet he hae full power snd lawful right to oonvev tha same •s atoresaid; that the lend ~a iree from all encumbrences except as hereia otherwise recited; Lhi?t sudlVlortgagor will make auch further aesursncee to prave the ~foreaaid title to said laud in si?id Mort$sgee ss m~y be reaeon- ! sb requiced, and th~?t said Mortgagor does hereby fullJ warrant tbe title to said lsnd~ snd avery part thereut. t ? •n will defend t6e eame againat the lawiul cisuns of ell pereons ~rLomeoever. Paoviasa ALw~YS thst if the Moctgagor shall pay unto the Mortgages that certaia promiseor9 note, oi which Lhe following is ~ subetsati~?1 oopy~ to wit: ' _ Op Fort Pierce , ~lorids. ~ December 19 ,19 73 . F ~ FOR VALIIS Racanrsn. the undersig~ned promiae(e) to psy to ~ ~ J. T. ST~IART MJRTGA(~ OOI~ANY~ INC. , s oorporatioa organised aad eristin~ ua t6e = lswe ot the State of Florida, or order, the principsl8um of ~Y-0~ T~~~ Dollsre (i21~ 000.00 with intee~est from dste ~?t the rate of EI(~ AI~ID ONS HALF per centum ( 8~' Pec snnum on t~De unpaid balanoe uatil pnd. T6e eaid principal and intereat ehall be payable at the offioe of J. T. ST~FIA~ MJRTC~AGS O~MPANY~ INC. 100 I~IIRACI,B NBI~ ~ ppRflL CABI~;S ~ FL ~ or at auch other plaoe ae the hdder msy d~eigoste in writing delivered or mailed to the debtor, in mont6ly installmeate d ONE ~M~ID~D S7.7Q'Y-0NE and 49~100 ~llaus (i 161. 49 eommencing on t6e firat day ot February , 1974 ~~nd caatinuing oa the first dsy oi each month theraafter until this note is fully paid, e~coept that, if not eooner paid, the final payment of principal and interest ahaU be due and psyable on the first dsy of Jariuary ~ . 2~~+ • privil'e~e is reserved to prepay st any time, without premium or fee the entire indebtedneee or aqy par~ thereof not less than the smount of one uistaliment, or one hundred dol~ars (i100.00), whichever is lees. If any deficiency in the paym ent of. any inatallment under tbis note ia not msde good prior to tha due dste of tLe neat such inatsllment, the entire principal sum and accrued interest shalt st once beoome due and ~sy- able wit6out notice at the option of the holder of thia note. Failure to ezerciee this optaon aha11 not oonstatute s waiver of the right to ezercise t6e same in the event of sny subeequent defaul~ Ia t6e eventi oi detault ia the payment of thia note, and if the asme ie oollected by sn attorney st law, the nndeisigned hereby agree(s) to psy all c~sta of collection, including s reasonsble attorney's tee. '1'hi,s note is eecured by mortge~e of even date euecuted by the undersigned on c~ertain pmperty deacribed therein and representa money sctually used for the aoquiaition of eaid property or the improvemente th~areon. Preeentment, pmteat~ and noticp, are hereby waived. I,ouis Clif`ton McCaammon (gg~L] IpUIS CLI~'TON McCAI~ON Marie B. MeC~on [gg~L] MAFiIE B. McCAM~ON • [SSAI•] . [SSAL] { ~ And shall duly, prompWy, and fully perform, discharge, execute, eHect, oomplete, and oomply with sad abide ! by each and every the atipuletions, agreements, conditions, and covenants of said promiasory note and of thia ~ mo*tgage, then thia mortgsge and the estate hereby created ahall cesse and be null and void. ~ The Mortgagor further oovenante as follows: ~ 1. That he will pay the indebt~ednesa, as hereinbefore provided. Privilege is reeerved to prepay at any time, ~ without premium or fee, the entire indebtedneas or any part thereof not leas than the amo~nt of one installment~ or ~ one hundred dollara (i100.00), whichever is leas. ~ 2. In order more full~ to protect the security- of thia mortgage, the Mortgagor, together with, and in ~ addition to, the monthl~ pa~-menta under the terms of the note secured hereby, on the first dav of each month w~til ihe said note is [ull~• paid, ~ill ps~• to the ;~4ortgagee, as trustee, (under the terins of this trust as herein- ~ after stated) the following sums: (a) A sum equal to the ground rents, if any, nert due, plus the premiums thet will nezt be~wme due and payable ~ on polic~es of fire and other hasard insurance covering the mortgaged property, plus taxes and as~essments next due on the mortgaged pmperty (a11 es estimated by the Mortgagee and of which the Mortgagor ia ~ notiSed) less all sums already paid there,~or divided by the number of months to elapee betore one month prior to the dste when such ground renta, premiums, taxes, and aseessments will become delinquent, ~ such sums to be held by Mortgageemtn~sttopayeaidgrcwndrents,premiums,tasea,sndspeciale~asments. (b) TAe ag~gate of the amounts payable pursuant to aubparagraph (s) and thoeepa~ yable on the note secured ~ hereby, shsll be paid in a single payment esch month, to be applied to the following itema in the order stated ' ~ (I) ground rents, tsxea, asseasments~ fire~ and other hasard insurance premiums; _ (II) intereat oa the nobe secured hereby; and _ (IIn amortisation of the principal of said note. ~ Anp deficiencv in the amount of suchaggregate monthly payment shall, unlesa made good by the Mort- { gagor prior to the due date of the next such psyment, coast~tute an event of default under this mortgage. : - At ;~4ortgagee's option, Mortgagor will pay a"late charge" not exceeding four per centum (4°Ja) of any install- ! ment when paid more thsn fifteen (15) days after the due date thereof to oover the extra expense involved in handling delinquent ~ayment., but such "lste charge" shall not be payable out of the proceeda of nny sale ~ made to satisfy the indebt,~dness se.cured hereby, unless such proceeds are sufficient to d~scharge the entire - ;~`~z indebtedness and all proper costs and expenaea secured thereby. :~t; 3. I[ the total of t1?e pa~ments made b~ the Mortgagor under (a) of paragraph 2 preceding shall exceed the an?ou~1 0( a~ments actuall}- tnade bv t~e I~iort ee as trustee for round rents taaes and assessments ~ P g~ , , K ~ , and insurance premiums, as the case mav be, such excess shall be crndited on subsequent pa~-ments to be made ~y b~ the vlortgagor for such iterns or, et Mortgagee's option, as trustee, shall be refunded to Morigsgur. If, however, such monthlv pa~ments s}~aU not be sufficient to pa~ such items when the same shall become due ~ and pa~-able, then the :~lortgagor shall pay to the Mortgagee, as trustee, an~ amount necessary to make up thc de~icienc~•. Such pa~-ment shall be made within thirtv (30) da~~s after wntten notice from the Mortgagee atating the amount of the deficienc ~hich notice ms be given by mail. If at any time the Mortgagor shall sec~~~.~ p~~~.01~ ~ ~ k~~ j . ~.'~S-' ~ ~ c ei s-.. 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