HomeMy WebLinkAbout0825 The Mortgagor hereby oovenants a?ith the Mortgagcu?, that he is indefeuaib] scized oi eaid land in fee
u
eimple or such other estatet ii any as is etaLed heiein; tl~at he hae full power ~?nd la ul right t,o convev the enme
ue t?foresaid; Lhwt the land ts free ~rom e?U encumbrsnces except sa hereiu otdierwise recited; thst said~ior!gagor
~?ill mske such [iirther sssurancee to provo We atoresaid title to said land in ssid Mortgegee as may be reaao~
~blyr~quiced~ snd thet said Mortgsgor does 6ereby fuUy warrsnt the tatle to said land, ~?nd evory p~?rt LLereof,
~nd ~vill defend the same sgainst the lawiul clsima oi all persona whomsoevet.
Paov~nau AL~v~Ye tbat ii the I~iortgagar ahaU p~y unto tLe Mortgagoo tL~?0 oertain promieeory note, oi
~rLich thafollowing ie s subetant~i~l ooPY, Lo wii:
i 21,000.00 Fort Pierce -i
February let, i 19 7~ •
Foa Yru.vs Rscsivsn, tLe underei~ed P~(8) ~ P4Y ~
STOCKTON, WHATLEY, DAVIN ~ COMPANY
, s oorporstioa or6snised aad eonetin6 nnder the
~ the State o~ Florida ~r, the principal wm oE TNENTY-ONE T80USAND AND NO/ 100-
- - - - - - - - - - - - - - - - - - - - -Ddlsre (i21,000.00- - with interest froan date st
tLe rate of ,Sight ~ One quarter ceatum ( 8 1/~'0) P~' annum on tbe unpaid bslanoe until paid.
The oaid principai and intereet e~all be peysble st the o~ae oE Stockton, Whatleq, Davin 6 Company
100 ~lest Bay Street, Jacksonville, Florida 32202
in , or at such otber pluoe as the holder msy deaignate in writing
delivered or mailed to the debtor, in monthly installmente ofONE EUriDP.L'D ~ FIFTY-S~£t: 9~/1C~llare
(=157 2- commencing on the firat day of. E~1 i1 , 1971~ ~ and eontinuing on ~ie
Srst dap of cach month thereafter until this note is fu11y paid, etcept tLat, if not eooneir p~id, Lhe final pnyment
of principal and intere~t shall be due and payable on the Srst day oi FeLruarj ~ 2^~~;
Privile~e is r~erved to prepay at any time~ without premium or fee, t.he entire indebtedness or anp part
thereof not~ess than the nmount oi one u~stallment, or one hundred dollara fE100.00), tvhichever is less.
If any deficiencs in tho pavment of any installment under this note is not made good prior to the due dnte
of the ne~t such installment, the entire pru?c~pal sum and accrued interest ahall at once become due and pay-
~ble without notice at the option of the holder of this ~ote. Failu~Fc to exercise this option ahall not oonatatute
a R aiver of the right to etercise the sarne in t6e event of any subsequent default. In the event of defsult in tha
payment of this note, and if the same ia collected by an attorney at la~v, the undersigned Lereby agree(s) to
ps?y all ooste of oollection~ including a reasonable attorney's fee. _
This note is secured by mort~age of e~en dat,9r eaecuted by the undersigned oi~'oertain pmperty desen'bed
t,herein and represents money actus~ly used for the acquisition oi oaid proper6y or tbe improve~ants t~areon.
Preeentment, protest~ and notice are hereby ~raived.
~ s/ Joseph La~rrence Casey, Jr.. ~gg~;J
JOSEPH LAiiBffi~1CE CASEY, JR. .
~ /s/ Judith D. Casev ~g~,~
JUDITH D. CASEY
~~?L~
~
; _ [~l
~ And shsll duly, promptly~ and fuIly perform, discharge, e~cecute, eHect, eomplete, and- eomply with snd abide
~ by each and every the atipulations, agreements, oonditions, and oovenants of said promis~eory note snd of thia
~ mo*tgage, thea thia mortgage and the estate hereby created ~hall cea9e aad be null and void.
2 The Mortgagor further covenante as follows:
~ 1. That he will pay the indebtedness, as hereinbefor~ provided. Privilege is reeerved to prep~y at any time,
~vithout pr~miam or fee, the entire indebtedneas or any part thereof not lees than the amount of one installment, or
~ ane hundred dollsra (i100.00), whichever is less.
2. In order more fully to pmtect the securit~ of thia moM~e~e,~ the Moriga~or, together with, and in •
id~lition to, the monthl~ pa~n»ents under the ter~us of the note secured hereby, on the first da~ o[ each mont.h ,
uutil thc said note is fu~l~ puid, w-ill pay to the ~tortgagee, as trustee, (under Lhe Lernis uI this LrusL as herein-
att,er stated) ttie following snn~s:
(a) A sum equal to the ground rents, if anq, nest due, plus the premiums that will neut become due snd payable
on policies of fire and other hazard insurance oovering t6e mortgaged property, plus taxes and asses.sments
neat due on the mortgaged property (all ra estimated by t6e Mortgagee snd of which the,Mortgagor is
notified) less all sums already peid t6erefor divided by the number of months to elapse before one month
prior to the date when auch ground renta, premiums, taxes, and sesesements will become delinquent.,
~ euch sums to be held by Mortgageeintnisttopayeaidgroandrenta,premiume,taxea,sadapecislae~ssrnents. -
(b) T6e aggregate of We amounts~ps~?able pu~uant to s~bparagraph (a) and thoeepayable on the note Pecured ~
~ hereby, ~a11 be psid ia ~~ngle Pe?Ymeati each raonth, to be applied w the following iteme in the order ~
~ stated
_ (n ground r~ate, ta:ea, aee~amenta, fire, aad other bs?sard inaurance premiums; +
_ (II) interest on the note oecured hereby; and
(IIn smortisation of the principal of said note.
Any de6ciency in the umount of such~g~ege te monthlp payment ibsD, unlees made good by the Mort-
~ 6s~;or pnor to t,he due date o[ the next auch pay menL, c~onstitute an event of detault under this mortgage.
E~ At Mo ee's o tion Mort~ r~vill s n"late cha e" not exceed' four r centum 4) of an • inscall- `
P , ~ P Y ~ ~8 Pe ~ % J
ment vvhen paid more than ~i(teen (15) days after the due date thereof to cover the extrs eapense mvolved in
handling delinquent paqmenta, but such "late charge" shall not be payable out of the pra:eeds of any sale
~E made to satisfy the ~ndebtedness eecwed hereby, unless such proceeds are sufficien6 to d~scharge the entire
~
indebtedness and all proper costs snd eacpPnses secured thereby.
3. If the total of tlie payments macle b,• the Mortgagor under (s) of paragraph 2 preceding ahall exceed
~-i t}ie smount of pa~ mentx actually made b~• t}le Mortgagee, as tr~stee, for ground rents, taxes and as.ges.gments,
~ snd insurance premiums, ss tlie case ~nay be, such eacess sl~all be creditEd on subsequent pay-ments to be made
~ br tae ;4lortgagor for euch itetns or, at Mortgegee's option, as truatee, shall be refunded to Mortgagor. If,
~ however~ sueh inonthly pavments shall not be sufficient to psy such items ~vhen the ssme ahall become due
~ ~xd ps~able, then the Mortgagor shall pap to the Mortgagee, as trustee, sny smount necessary to make up
the d~ciene~. Such pa~-ment s1~all be macle ~?ithin thirt~y (30) dsvs after written »otice from the Mortgagee
stating the ~wnounti oi t~o deficiency, ~rLich notice m~y be given by msil. If a~ any time tbe Mortgsgor ahnll
~w
224 F~~E 824
F
~ , _
_