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Home My WebLink About2015 The Mortgagor hereby cwvenants with the Mortgager, tLa6 he is indefeaeibly anized oi said Lnd i.a fes eimgle or auch other eststei ~f ~?ny sa is et~ted Lerein; that he hae tull power aad lawtul right to convev the anme as sforesaid; thet the land is iree from ~Il encumbrsnces ezcept as herein otherwise recited; that said~iortgagor will make such furt6er aesuranoes to provo tLe aforessid title to s+ud land in ssid Mortgagee sa may be re~son- sblyrequiced~ and that said Mortgagor does hereby f~ ~vi?rriwti the title to said land, snd every part thereot~ aad will defend the asme againat the lswiul cl~ims oi ~reone whom9oever. PROYIDSD ALWATS ~at lf 1~e I1SOT~~Ot Bbil~ pt~ UIILO ~L8 MOi1$i$e0 ~16ti C8~t6lA pl~On11890lyi II01,e~ oi whic6 tha following ie a substantisl oop~~ to wit: ~ i 28,800.00 Fort Pierce , F7orias. February lst..1974 • Foa Vst.vs ftacszvsD, t~ undeeBigned promiee(s) to psy to STOCRTON, WHATi.SY, DAVIN ~ COI~ANY , s oocporation oraani~ed aad e~dstina under the lawe of State of Florida ,~~d~, ~ p~~~ ~~~1ENTY-EIGIiT THOOSAND & EIGHT HUNDRED b NO/I00- - - - - - - - - - - - - Ddlare (t28,804.00- - with intereet from date at the rate ~ E3ght ~ ~ae Qusrter P~-~ntum (8 1/4~%) P~ annum on the unpsid balance until paid. The said prinapal and interest shall be psyaWe at the o~ce of Stockton, Whatley, Davin & Companq 100 Weat Bap Street, ~ Jacksonvi.lle, Florida 32202 , or at euch oti~er plsoe ss the holder may d~ate in writing delivered or mailed to the debtor, in monthly installments ofq'{,TO HUNDRED ~ SIRTEEN ~ 58/100-- Dollsrs (i 216. 58- 3, oommencing on the 6rst ctsy of Narch . 19 7!~ , and oontinuing on the Srat day of each month thereafter until this note is fully paid, e~ccept that, if not aooner paid, the final psyment of prinrapal and interest shall be due and paysble on Lhe firat day of Janugry; 2p04 , , Priv il'ege ~s reserved to prepay st any time, without premium or fee tLe entire indebtedneas or any part thereof notless than the amount of one matallment, or one hundred dot~ara (t100.00)~ whichever is lese. Ii any deficiency in the paym ent of any inatallment under this note is not mede good prior to the due dste of the neat such inatsllment, the entire principal aum snd ac.crued interest ahall at once beoome due and Fsy- able without notice at the opt~on of the holder of t6is note. Failure to eaercise this option ahall not oonstitute a waiver of the right to ezercise the same in the event of sny subeequent default. In the avent of defsult in the payment of thia note, and if the same ie oollected by sn sttorney at law, Lhe underaigned hereby agree(s) to pay all cosEs of collection, including a reasonable attorney'a fee. This note ia secured by mortgage of even dats eaecuted by the undersigned on oertain pmperty described therein and repr~sents money actually used for t~he aoquisition of said propetty or the improvemente the~+eon. Presentment~ proteat, and noticp, are hereby waived. . BEECHAri C . HILLUUGHBY . i [s~] PATBICIA ANN 6iILLOUGHBY ~ t~l [s~.] E ; And shall duly, promptly, and fully perform, discharge, eaecute, effect, complete, and csomply ~vith and abide ~ by each and everq the stipulations, s~~eements, oonditions, and oovensnts of said pmmissory note and of thia ~ mo*tgsge, then thie mortgage and the estate hereby created shall ceaee aud be null and void. ; The Mort$agor further oovenauts aa follows: ~ ' ~ 4 1. 1'hat he will pay the indebtedness, ss hereinbefore provided. Privilege ia re~erved to prep~y at any time, without premium or fee, the eatire indebtedneas or any part thereof not lesa than the amount of one inatallment, or one hundred doilara (tI00-00), Whichever is less. s 2. In order more fully to rotect the securit ~ oi this mon e the 41ort or to ether with and in P y g~ , g~ , g , ~ ~~i~i;~;on to, the monthl~• pa~menta under the tern~s of the note secured herebt, on the fitst dav of each mont,h ~ uniil the said note is (u~l~ paid, v?il1 pa~ to the ;~'Iortgagee, as trustee, (under the terms of this trust as herein- ; a[ter stated) the following suins: ' i (a) A sum equat to the graund rents, if any, aext due~ plua t6e premiums that will next become due and payable ~ on policiea of fire and other ha~rd insurauce oovering the mortgaged property, plus taxes and assessments = next due on the mortgaged property (sll sa estimated by the Mortgagee and of which the Mortgagor is ~ notified) less all sums sireadq p~d therefor divided by the number of months to elapee before one month ,i prior to the date when sueh ground rents~ pr~miums, taxes, and ass~sments will become tlelinquent, x such suma to be held by Mortgageeintrusttopaysaidgroundrents,premiums,taxes,audapecialasse~nents. = (b) The aggregate of the amount8 payable pursuant to aubparagraph (a) and t6oee payable on t6e note secured ~ hereby, ahall be paid in a single psyment each month~ to be applied to the following itema in t6e order atated _ (I) ground rEnLa, taxes, asaessmente, fire, and other hasard inaurance premiums; (I~) interest on the note secured hereby; and - (IIn amortisation of the principal of said note. ; Any deficiency in the amount of such aggregate monthl~ payment ahall, unless made good by the Mort- ~ ; gagor pr~or to the due date of the next such payment, constitute an event of default under this mortgage. ' •j At 1ltortgagee's option, Mottgagor will pay a"late charge" not exceeding four per centum (4°Jo) of any install- ' ment when paid more than fifteen (15) days after the due date thereof to cover the extra expense involved in handling delinquent paq ments, but auch "Iste charge" ahal! not be papable out of the proceeds of any sale T made to satisfy the ~ndebtednesa secwed hereby, unless such ptnceeda are aufficient to discharge the entire ; indebtedne,ss and sll proper costa and expenses secured thereby. 3. tf ihe totsl of t}ie pa~•u~ents macle b~• the ~iortgagor under (s) of paragraph 2 preceding shall exceed ~ the amount of pa~-ments actuall~- made b~ t~e Morlga~?ee, as trustee, for ground rents, taxes and as.gessments, ;3 and insurance premiunis, as the case ma~= be, such excess shall be credited on subsequent pa~•ments to be made i; b~ the itortga~;or for such iterns or, at Mortgagee's option, as trustee, sl~all be refunded to Mortgegor. If, however, such monthl~ pa~•ments shall not be sufi'icient to pe~ such items when the same ahall become due = and pa~able, then the ltortgagor shall pa~ to the Mortgagee, as trustee, an~ amount necessary W make up - the de~icienc~_ Such pa~ment shall be made within thirt~ (30) dav~s after written notice from the Mortgagee ~ atating t6e amount of the deficienc~, which notice map be given by iriail. If at any Lime the Mortgagor shall E :r ~~e3 fRtiE ~~~5 ,