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Home My WebLink About0023 The Mortg~or herPbyq~ enants v~ith the Mortgagee, thet he is indeteasiblv aeir.ed oi eaid land in fea simple or such otLer estate; if afiy ss is stated heroin; that he has tull power and lawful.right to oonvev the snme •a afareaaid; that the land is free ~rom all encumbrancea except as here~n otherwise recited; that aaidZViortgagor will meke such furti~er assurancea to prov~ the aforesaid title to 8aid land in aaid Mortgagee as may be reRaon- ably required, snd that said l~iortgagor doea hereby fullp warrant Lhe title to said land~ and every part thereoi~ snd will defend the same agsinat the lawful claima of all persona whomsoever, Paovinsn AUw+YS that if the hiortgagor shall pay unto the Mortgagee LhaL cectsin pmmiaeory note, oi which the follow-iug is s aubatsntiel cops, to wit: i 10,300.00 Fort Pierce , Florida, January 29 ,19 74 . FOR vALII6 RECEIVED, the ~indersigned promise(e) to pay to J. T. STEWART N~RTGAGE OONIPANY, INC. , a oorporation orqanised and e~oatin6 under the lawa of the State of Florida ~ or order~ the principal sum of TEN THOUSAPID THREE HUNDRED A1~ID NO/100------------------------------------Dollara (t10, 300. 00 vvith interest from date at the rate of EIGHT APID ONE HAT~' per oentum ( 82 ~Jo) per annum on the unpaid balance until paid. The said principal and interest sl?all be payable at the o~ce af J. T. ST~'WAR'P MORTGAGE OOMPANY~ INC. , 100 MIRACI,E MIIE in CORAI~ GABI~S ~ FL , or at such other plsoe sa the holder may designate in writang ~ delivered or mailed to the debt,or, in monthly installments of SEVENTY-riINE AND 21~100---------~ollare ~=?9•21 commencing on the firat daY ~ March , Z9 74, ~d oontinuing on t6e first dap of each month thereafter until this note ia fully paid~ except that, if not sooner paid, tLe final payment of principal and interesL shall be due and payable on the first day of February- , 2004 . Privil'e~e is reserved to prepay. at any time, without premium or fee the entire indebtedneea or any pat~ thereof not less than tha amount of one installment, or one hundred dol~ara (3100.00)~ whichever is less. If any deficiency in the payment of any installment under this note is not made good prior to the due date of the ne~t such installment, the entire principal sum and ac.crued intereat shall at once become due and ~ay- able without notice at the option oi the holdsr of this note. Failure to exercise this option shall not constatute a w aiver of the right to exemase the same in the event of any subsequent default. In the event of default in the pasment of this note, and if the same is collected by an attorney at law, the underaigned hereby agree(e) to pay all costs of collectio~, including a reasonable attorney's fee. This note is secured by mortgage of even date eaecuted by the undersigned on certain property deecribed therein and represents money actually used for the acquisition of said property or the improvemente Lhereon. Presentment, protest, and noticp, are hereby waived. i ~ ~NARRY WII~ERT CARP~NTIIt - [ggl?L~ i HAFtRY WILBEItT CARPENTER AF~RTY~~ C}~1PN'.'NTF:R ~c~gAi,~ BEVERLY C. CARPaiTER - [sa~,] ~ - And shall duly, promptly, and fully perform, discharge, execute, eHect, compiete, and comply with and abide by each and every the stipulations, agreements, conditions, and covenants of said pror,~iasory note and of this mo*tgage, then this mortgage and the estate hereby created shall cease aad be aull and void. ~ The Mortgagor further covenants as follows: 1. That he will pay the indebtedness, as hereinbefore pro~zded. Privilege ia reserved to prepay at any time, without premium or fee, the entire indebtedness or any part thereof not less than t6e amount of one inetallment, or one hundred dollara (i100.00), whichever is less. , 2. 1n ~~rcl~~r tuore full~• to protect t}ie securit~- of tiiiti ~nort~a~e, tlie :~~ortgagor, together with, and in u~i~lition to, thr ~~~onthl~• parments und~r th~ terms of the note sc~curnd hereb~-, on the first dat of each month until tlu~ sui~l riott~ is full~• puid, a-ill pa~• tc~ thc~ ~tortRaKee, t+s trustee, (under the terms of this trust as herein- after statcd) th~• following sums: (a) A sum eyual to the ~round rents, if any, neut due, plus the premiums t6at will next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due on the mortgaged property (all ss estimated by the Mortgagee and of which the Mortgagor is notifisd) less all sums already paid therefor divided by the number of montha to elapse before one month prior to the date when such ground rents, premiums, taxes, and assessments will become delinquent, W such sums to be held by Mortgageeintrusttopaysaidgroundrents,premiums,taxes,andspecialassessments. (b} The aggregate of the amounts payable pursuant to aubparagraph (a) and those payable on the note secured hereby, shall be paid in a single payment each month, to be applied to the following itema in the order stated: ~ ~ ~(I) ground renta, taxes, assessments, fire, and other 6azard insurance premiums; - ~ (II) interest on the nobe secured hereby; and (III) amortisation of the principal of said note. ~ An~ dcficiency in the amount of sucha~ gregate monthl~ pavmPnt shall, unless made good by the Mort- ~ gagor prior to the due date o[ the next sucl~ pavment, const~tute an event of default under this mortgage. ~ At ~tortgagee's option, Mort~agor will pay a"laie c6arge" not exceeding four per centum (4°Jo) of any install- ment k•1?en paid more than ~ifteen (15) days after the due date thereof to cover the extra expense in~olved in ~ handiing delinquent. pa~•ments, but such "late charge" shall not be payable out of the proceeda of eny sale made to satisf~• the inc~ebtedness secured hereby, unless such proceeds are aufficient to discharge the entire ~ indebtednc~ss and all proper costs and expenses secured thereby. If th~• total of the pa~-n~ents niad~ b~- the ~lortga~or under (a) of paraKraph 2 preceding shall exceed th~ ainount ~~f pa~-n~ents ac•tuall~- t~~a~ie h~- tl~e ~tortga~;~e, as trustee. for ~round rents, taxes and assesstnenis, ~ an~l insuran~~~ pretniutns, a.e tht~ ~~a.~e ~iin~• be, su~h ~~xcess shall b~ crt~~lite~i on su~~sc~yuent pa}-ments to be tnade b~• th~ ~1ort~ugor for su~ii itetnG or, f~t ~lortgag~e's option, ss trustee, shail be refunded to :~Iortgagor. If, t?oH-c~~-er, suc•h monthl~~ pa~-n?ents shul) not }?c suffic~ient to pa~- such items when the same shall become due ~ and pa.-at?1~. tliE~n thF~ ~1ort~a~or sl~all. pa~• to th~ ~tortga~ee, as triistee, an~ amount necessar~ to make up th~ ~lefici~•n~•~-. ~u~~h pa~-n~ent shall be ma~1A w'ithin thirh- (:30) da~-s aiter K-ritten notice from the'•4fortgagee st~tin~ the amount ot the deficien~~, ~chich notice ma~. be r~n bv mail. If at any time the Mortgagor shsll _ ~ :'t f','.° ~c.~ . _ r~_ ~ - - . . , - ~ ~r