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Home My WebLink About2686 The Mortgagor hereby oovenanta with the Mortgagee, thet Le is indefeasibly seized oi esid lsnd ~a fee eimpie or euch other eatate~ ~f eny sa ie atsted herein; Lhat he haa full power snd lswful right to oonvev tha si?me ss sforesaid; that the land ~ iree ~mm sll encumbranceB except as herein otherwiae recited; thst ssidlViortgagor will make auch furtbar eseurances to pmve the aforeseid title to ssid land in said Mortgagee e~s auy be re+~eon- sblyreq uired, and that said Mortgagor does hereby iully warrant the title to said land, and evory part thereot~ and will defend the same againat the lswful clsima oi sll pereons whomsoever. PROVIDSD ALWAYB E~IAL lf tb8 MO[~BgOT 8b81I ~1A~ 11IIL0 ~ MOl'Lg8g69 LhBt 06i~81D pI^OID189019 IIO~, oi . wLich Lhe following is ~ aubstaatiAl cops~ to wit: = 24,~+00.00 Fort Pierce , January 3Q 19 74 . FOR VALIIB RBCLIVED~ ~1B ilII(~8I'Bl$II0d pl'Om18@~8~ 1~0 ~3? LO J. T. STEWART I~ORTGAG~ OOMPANY~ INC. , s oorporation organised aad e~dsting under t6e Iawe of the State of Florida , or order~ the principal eum d~iTY-FOUR TI~OUSAI~ID FOUR HUN- DRED AND N0~100------------------------- ~s*a (=24,400.00 wit6 interest fmm dste a! the rate o~' EIGHT !QID ONE ~~LF Per oentum ( 82 Per annum o~a the unpaid balanoe until paid. The said principal and inter~t shall be payable at the oS'ioe of J. T. STEWART I~l'J~GE O~MPANY~ INC• , 100 MLRACIE MII,~S in CORAL Cd~BI~S ~ FL , or at sueh other plaoe ae the holder mey design~?te in writing delivered or mailed to the debtor, in monthly instailmenta of ONE HIJI~IDRED IIQiT76E'VEN and 64~1C~]]~ ~=187. 64 ~~~cing on the firat dsy ~ of March , 19 7~+ , sad oontinuing on the first day of each month thereafter until thia note is fully paid, except that, if not sooner paid, the fins~l~psyment of principal and int,erest ahall be due and paysble on the first day of February , 20Qu, privile~e is reserved to prepay at any time~ without premium or fee the entire indebtedneea or any par6 thereof not lesa than the amount of one installment, or one hundred dol~ars (i100.00), whichever ia less. If any deficiencp 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 snd sccrued intereat shall at once beoome due snd ~sy- sble without notice at the optaon of the halder of this note. Failure tc~ exercise Lhia option ahall not oonstatute a waiver of the right to eaercise the same in the event of any subaequent default. In the event of default ia the payment of this note, and it the same ie collected by an attorney at law, the undersigned hereby agree(s) to pay all costs of collection, including a reasonable attorney's fee. This note is secured by mortgage of even date executed by the underaigned on oerte~in property deecribed therein and repreaents money actually used for the aoquisition of said proparty or the improvements tbereoa. Presentment, protest, and notice~» are hereby waived. ~ s Carol Allen Triplett [gg~L] ~ CAROL AISEN TRIPI~TT ~ ~s~ ('d~oria Jean Triplett [gg~L] ~ GIARIA JF,AI~T TRIPI~T'r ~ j r[~?L] ~ [ss~'] Md shall duly, promptly, and fully perform, d~ arge, execute, eHect~ complete, and comply with and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of thia mo*tgage, then this mortgage and the estate hereby created shall cease and be null and void. ~ The hiortgagor further covenants as follows: 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without premium or fee, the entire indebtednesg or any psrt thereof not less than the amaunt of one uistallment, or oae hundred dollars (i100.00), whichever is less. r 2. In or~lcr more tull~• to protect the sc•curit~• of t}iis mortgage, ttie ~'Iortgagor, together with, and in ad~lition to, thc~ monthl~- pa~-n~ents under the terins of t}~e note securnd }iereh~•, on tl?e first da~ of each month until th~~ sai~1 note is iit~l~ paid, will pa~- to the ;11ort~agee, as trustee, (under the terms of this trust as herein- after ::tated) the tollowing sunis: (a) A sum equsl to the ground rents, if any, next due, plus the premiuma that will next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and as.sessments ~ neat due on the mortgaged property (all as estimated by the Mortgagee and of which the Mortgagor is ~ notified) less all sums already pa~d therefor divided by the number of montha to elap~e before one month ~ prior to the date when such ground rents, premiums, taxes, and sssessments will become delinquent~ ~ such suma to be heId by Mortgageeintrusttopaysaidgroundrents,premiums,taxes,andspecialassessments. ~ (b) The aggregate of the amouats payable puisuaat to subparagraph (a) and thoae payable on the note secured hereby, shall be paid in a single payment esch month, to be applied to the following itema in the order ~y atated ~ (I) ground renta, taxes, assessments, fire, aad other hazard insurauce premiuma; (II) interest on the nobe aecured hereby; and ~ (III) amortisation of the principal of said note. An~ deficienc} in the amount of suchaggr egate monthly payment shall, unless made good by the Mortr :ri gagor prior to the due date of the next suct~ payment, const~tute an event of default under this mortgage. At ~iortgagee's option, Mortgagor will pa~ a"late cl~arge" not eaceeding four per centum (4%) of any install- ment when psid more than fifteen (15) days after the due datc thereof to cover the extrs expense involved in handling delinquent paytuents, but such "late charge" shall not be payable out of the proceeds of any sale " made to satisfy the ~ndebtedness secured hereby, unless such proceeds are aufficient to d~scharge the entire indebtedness snd all proper costs and expenses secured thereby. (f the total of lhe pa~•n~en(s made b~' the lfortgagor under (a) of paragraph 2 preceding shall exceed th~ amount of pa}-ments actuali~- uiade b~- t~e'~tortgagce, as trustee, for ~round rents, taaes and a4sessments, and in~urance premiums, as the case ma~~be, suc•h excess shall be credited on subsequent pasrnents to be made ~ b~- thE~ ~iort~agor fcr such iten~s or, a1 :liortgagee's option, as trustee, s}iall be refunded to Mortgsgor. If, how•~~~•er, su~f? mont}il~- pa~•ments s}~all not be suffi~ient to pa~- such ite?ns when the sa~ne sha11 become due _ and parabl~, ihen the ~tort~agor s}?nll pa~• to tl~e ~iort~agec, tis trustee, an~ amount necessary to make up _ th~ ~leti~ienc~~-. tiu~h pa}-n~ent shall be made within thirt}- (30) da~-s after written notice fmm the Mortgagee ststing the emount of th~ deficiencs, which notice msv.be 'ven bv msil. If at any Lime the Mortgagor ahall ; ~ ~ ~23 P,~cE ~686