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Home My WebLink About2811 - ~ y ~ The biortgagor hereby covensnta with the Mortgsgee, thst Le is indefea8ibl,y eeized oi esid L?nd in fee simple or euch other estates ~f any ea is etated herein; that he hss tull power und lawtul right to oonvav tha ssme as e~toressid; that the land ie free ~rom sll encumbrances ezcept as herein otherwise recited; that eaid~iortgagor will make such further assurances to provo the aforesaid title to said Isnd ia ssid Mortgagee as msy be re~on- ~biyreq nired, snd thst said Mortgagor does hereby fully wsrrant t6e title to said lsnd, snd every patt thereof, and will defend the same ageinst the lswful claima of all pereons whomsoever. Paovinxn A~w~ys that ii the I~iortgagor ehsli psy unto the Mortgagee that oectain promiaeory noLe, oi ~vhi =~9~i600.~ 00 eabscantisl ooPf, co wia: Fort Pierce , February 6 ,19 74. FoR V~.vs RgcstvaD, the unders~gned pn~miee(s) to pay to _ J. T. ST~TART M~RTGAGE (bMPANY, INC. , s onrporation orgs?nised snd e~oe~ing under the ' ~ the State of Florida , or order, t6e principal eum of TW~iNTY-NIidE THOUS~APiD SIX ; A[INDR~ AND NO/100--------------------Dollsrs (i 29a~•00 wit6 intee+est from date st ; the rate of ELQiT AI~ID ONS HAIF per centum ( 8z Per annum on t6e nnpaid balanoe until paid. 1'he said principsl and intereat shall be payable at the office of J. T. STbWART MJ~ OOMPANY~ .INC. ' 100 MIRACI~B MILS in OORAL GABLffi ~ FIARIDA , or at auch other plaoe aa the holder mi?y deeignste in writing delivec+ed or mailed to the debtor, in monthly installmenta of ~p ~~~p TWgN'~y..Sy~Vg~i and 62~3~Oisre 227.62 commencing on the first day of April , 19 7~ , aad continuing oa the fust dsy of each month thereafter until thia note is fully paid, eaoept that, if not eooner paid, the fiinsl psyment of princapal and interest ahall be due and paysble on the firat day of ~~h , 200l~ . Pri ' e ia reserved to prepay et any time~ without premium or fee the entare indebtednees or any part thereof not esa than the amount of one metallment, or one hundred doljare (~100.00), whichever is less. If any deficiency in the payment of any inatallment under this note ia not made g~ood prior to the due dste of the next such installment, the entire prinrapal sum and accrued intereat s6all st onoe become due and ~sy- able without notice st the option of tLe holder of thia note. Failure to eaerciee this option ehall noL oonst~tnte a waiver of the right to eaercise the same in the event of any subeequent default. In the eventi of defsult in the payment of thia note, end if the same ia collected by an attorney st law, the underaigned hereby~agree(s) to pay all coata of collection, including a reasonable attorney's fee. This note ia secured by mortgage of even date execnted by the underaigued on c~ertaia property deecribed therein and representa money sctuauy used for the acquiait3on of eaid property or the impmvements th~ereon. Fresentment, protest, and notice are hereby waived. _ Robert Lee Green RO1~RT LEE GRffiJ I s/ .To,~nn_~reen (gg~L~ ~ JOANN GR~E~T ~ ` ~ - E [s$~.l ~ And shail duly, promptly, and fully perform, discharge, eacecute, eBect, complete, and oomply ~vith and abide ~ by each and every the stipulations, agreements, conditions, and eovenants of said promiasory note and of this mo*tgage, then this mortgage and the estste hereby created shall cease and be null and void. ~ The Mortgagor further covenants as follows: 1. That he will pay the indebtedness, as her~inbefore provided. Privilege is reaerved to prepay at 8ay time, v~ithout premium or fee, the entire indebtedneas or any part thereof not lesa thaa the amount of one installment, or ~ one hundred dollars (i100.00), whichever is less. ~ 2. In order more full~ to pmte~t the securit~- o[ this mortgage, the Mortgagor, together with, and in ~ addition to. the~ month[~- pa~-inents under the terms of the note secured herebti~, on t}ie first da~ of e8ch month until thc• said note is tu~l~- paid, w•ii) par to ihe ~fortgagee, as trustee, (under the terrns of this trust as herein- ~ aftc~r statcd) the folloRing sums: ~ (a) A sum equsl to the ground rents, if any~ neat due, plus the premiume that will next beoome due and payable a on policiea of fire and other hazard insurance covering the mortgaged property, ptua taxes and as~essments ~ next due on the mortgaged property (all as estimaLed by Lhe Mortgagee and of which the Mortgagor is notiSed) less all sums already paid therefor divided by the number of months to elapee before one month ~ prior to the date when such ground rents, premiums, taxes~ and sasessments will become delinquent, ~ such sums to be held by Mortgagee?ntn~sttopaysaidgroundrents~premiums~teses,andspecialasses4ments. (b) The aggregate of the amounts paynble pursuant to subparagraph (a) aad tho~epayable on the note secured hereby, shall be paid in a single payment each month, to be appGed to the following items in t~e order " atated ~ (I) ground renta, taxes, assessments, fire, and other hasard insurance premiuma; ~ (II) interest on the nobe eecured hereby; and (III) emortiaation of the principal of said note. ~ Any deficiency in Lhe amount of suchaggregate. monthly payment ahall, unless made good by the Mort- : gagor preor to the due date of the next such payment, constitute an event of default under this mortga~;e. 'a At ~iortgagee's option, Mortgagor will pay a"late charge" not exceeding four per centum (4%) of any install- _ ment w hen paid more than fitteen (15) days sfter the due dete thereof to cover the eatra expense involved in rt handling delinyuent ~a3•ments, but such "Iste charge" shal) not be payable out of the proceeda of any sale ' made to satisfy the mdebtedness secured hereby, unless such proceeds are sufficient to discharge the entire indebtedness and all proper costs and expenses secured thereby. y :i. If the total of the pa~•n~ents made b~~ the ~4ortgagor under (s) of paragraph Z preceding shatl exceed the amo?int of pa}-ments actuail~- macte b~ the Mortgsgee, as trustee, for ground rents, taxes and aasessments, ~ 8II(I 111S12Cd(1CP PTf'II11UI11S, 83 C83P IIlB~' bE', such excess shall be credited on subsequent pa~ments to be made ; b~ - th~ ~lortgagor for such items or, at ~7ortgagee's option, as trustee, shall be refunded to Mortgagor. If, ~ how-t~~er, such u~onti?l~• pa~•ments shall not be sufficient to ps~ such items when the same shall become due and pa~~ahle, then the ifortgagor shn]I pa}• to the 1lorigagee, as trustee, an~ arnount necesserv to make up thc~ ~leficienc~-. Such p8~-?nent shall be rnade within thirt~ (30) davs after t~ritten notice from t~?e Mottgegee - stating the amount of the deficignc~ ~h noti e be given bv mail. If at any time t~e Mortgsgor ehell _ ~~/J PAGE~~.il ~