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Home My WebLink About0454 ~ • ' ~ The Mortgagor hereby coveuant8 with the MortgageP~ that he is indetea.~ibly se~zed of said lewd in fee simple or such other estatet J an9 sa ia stated herein; that he haa tull power snd lawiul right to aonvev the awme ius atoresaid; thst the Isnd ia free ~rom all encumbrances e~cept as herein otherwise recited; that saidMortgagor will make such further assursnces to pmvo the atoresaid tiWe to said land in aaid Mortgagee sa msy be re~eon- sblyrequired, and the?t said Mortgsgor doee hereby fully wsrrsnt the title to said land, and every par6 thec~eot, aad will defend the same against the lewiul claims of all pereone whomsoever. Pttovinsn ALw~ye that if the hiortgagor shall pay unto the Mortgagee thst certain promiseory note~ oi ~vhich the follovring is e aubstantial oops, to wit: i 23, 000.00 Fort Pierce , F7orida. " January 14 ,18 74. FOR VALUB ASCEIVED~ the undersigiicd promise(e) to pay to . J. T. SZ~.'WART N~RTGAGE COMPANY~ INC. . , s oorporatioa organised ~hd eonating uader the lawa of the State of Florida , or order, the principal eum of ~+TF~NTY-Z~Il~ TIiOUSAPID APID N0~ 100--------------------------------------~oltars (i 23, 000. 00 with interest from date st the rate of IIGHT ArID ONE HAI~' per centum ( 82 ~Jo) per annum on the unpaid be?lanoe until paid. . The said principal aad interest ahall be payable at the office of J. T. STEWART IrARTC~ICE OOMPANY~ INC. 100 MIRACLT MIITs in CORAL GABLFS ~ FL , or at suc6 other plaoE as the holder may designate in writing delivered or mailed to the debtor, in monthly installments of ONE HUNDRED SFVIIQTY-SIX and 87~l~llars (f 176. 87 commencing on the firat day of March , 19 74 , and oontinuing ~ the first day of each month thereaiter until this note is fully paid, except that, if not aooner paid, the final psyment of principal and interest shell be due and payable on the first dsy of February , 2004 . Privilege is reserved to pr+epay at any time, without premium or fee the entire indebtednees or any psrt thereof not less than the amount of one matallment~ or one hundred dol~ars (=100.00), whichever ia lesa. If any deficiency in the payment of any installment under this note is not made good prior to the due date of the neat such installment, the entire principal sum and accrued interest shall at once beoome due and ~sy- able without notice at the option of the holder of thia note. Failure to exemise thia option aLall not oonat?tute s waiver of the right to exercise the same in the event of anp subsec~uent default. In the event of default in the payment of this note, and ii the same is oollected by an attorney at law, the undersigned hereby agree(s) to psy all costs of collection, including a reasonable attorney's fee. This note is secured by mort~a~e of even date executed by the undersigned on certaia pmpetty described therein and represents money act,ua~ly used for the acquisition of said property or the impmvemente thereon. Presentment, pmteat, and notice are hereby waived. ~sL Carl Edwin Remling CARL IDWI3~T RF~+II~ING ~sL Dorothea J. Remling ~~L~ DOROTf~ J. RE[~ING ~ [8~?L] [s~.] And shall duly, pr^amptly, and fully perform, discharge, execute, effect, camplete, and oomply with and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of this mo*tgage, then this mortgage and the estate hereby creat~d shall cease and be null and void. The ~Iortgagor further covenants sa foUows: 1. That he v~ilt pay the indebtedness~ as hereinbefore provided. Privilege is reserved to prepay at any time, w'sthout premium or fee, the entire indebtedness or any part thereof not leas than the amount of one installment, or one hundred doltars (i100.00), whichever is less. 2. In ord~r mor~ full~- to prot~~t the sc~curit~- of this mortga~e, t1?e ~4ortgagor, togetlier with, and in a~i~liti~,n t~?, the• I11(1IllI1~\" p8~"I11P11t3 till(Ier th~ tcrms of the note secured hereb~•, on the fitst da~• o( cach month uutil th~~ ~ai~i nut~• i~ iu~l~• puid, w•ill pa}- to th~ ~foriKa~;ee, as trust~~, (under the terms of this tcust as herein- aftc~r statc~~l1 thc folloKing sums: (a} A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments ne?~t due on the mortgaged property (all ss estimated by the Mortgagee and of which the Mortgagor is notified) less all suons already pa?d therefor divided by the number of months to elapse before one month prior to the date when such ground rents, premiums~ taxes, and sasessments will become delinquent, such suma to be held by Mortgageeintrusttopaysaidgroundrents,premiums,taaes,andapecialsssessments. (b) The aggregate of the amounts payable pursuant to subparagraph (aj and thoee payable on the note seecured , hereby, ahall be paid in a single payment each month, to be applied to the following itema in the order stated: (I) ground renis, taues, assessments, fire, and other hazard insurance premiuma; (II) intereat on the note secured hereby; and (III) amortiaation of the principai of said note. An~ d~ficiency in the amount of such ag~regete monthip pavment ahall, unless made good by the Mort- ga~;or prior to the due date of the next such pa~•ment, const~tute an event of default under this mortgage. At ~lortga~;ee's option, Mortgagor will pay a"late charge" not exceeding four per centum (4%) of any instail- ment ~•hen paid more than fi(teen !15) days after the due date thereof to cover the extra eapense involved in handling delinquent ~ay-ments, but such "late ct?arge" shall not be payable out of the proceeds ot any sale made to satisf~• the mdebtedness secured hereb~~, unless such proceeds are sufi'icient to discharge the entire indebtedness and all proper costs and expenses secured thereby. If th~~ total of th~ pa~•~nents ?na~ie b~• the ~lortgagor under (a) oi paragraph 2 preceding shall eaceed th~~ flrnount of pa~•ments a~•tuall~- made b~ the ~tortgaRee, as truste~, ior ~round rents, taxes and assessments, an~l insuran~~c~ premiums, as t}it• c•a.GC~ ~na~ ~be, suc~h excess shall be cre~litrd on subsequent pa~•ments to be made b~- th~~ \fortKa~or for su~h iten~s or, at ~torigaK~e's option, as trustee, sfiall be rcfunded to Mortgagor. It, how•e~-er, su~~h monthl~• pa~-rnent~ shall not be suHi~ient tc? pa~' such items when the same shall become due and pa~-able, then th~ ~1ort~aKor sh~ill pa~ to t6e ltortga~Fe, ts.4 trustee, an~- amount necessa:~ to make up th~• deficicne~~. Su~)i pa~•n?c~nt shaU be made within thirt}- (30) da~•s after w-ritten notice from t~?e Mortgagee stating the amount of the deficienc~, which notice ma b ~c n b~ ma' . at ans time the Mortgagor ehell . . ~ ~ ~5~ - 60G1~ P~