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Home My WebLink About1616 The Mortgagor hereby coveneuits with tLe Mortgagecy ths~ he is indefesaib~y eeized ~i said Lnd in fee aimple or such other eatate; sf sny as ie ststed herein; that he Laa tull power and lawiul rig6t to oonvev the a~me as ataresaid; that the land is free ~rom ~ll encumbrsnces escept ae herein othecwise recited; the?t ssidlV[ortgagor will make auch further ~sur~noeg to prove tha i?foresaid titl~ to eaid land in said Mortgagee as muy be re+~eon- sb~yrequired, snd thst said Mortgagor does hereby fully wursnt the title to eaid land, aad avory part thereot, wd will defend the eama ~gsins~ the Lwful claima of all persona whomsoever. ~ PROVIDBD ALWATB WIAti lt L~18 ~101'E~~Or BLwU j1A~ 11IIL0 ~LA MOPf$~~ ~t l~6['tilil pDOm18BOty II01~E, oi ~vhich the lollowiag is a subst~ntial aops~ to witi: = 28~9pp~ pp Fort Pierce , ~1o~id~. March 29 ~ , 19 74 . FOR VALUS RtCSIVSD~ the undera~ed pmaniee(s) to psy to J. T. STEWART NDRTGAGE WMPANY~ INC. , s corporstia? organised and exiatin6 under t6e l8~vs of the State of Florida ~ or order, the prinaipal eum ofZW~1TY-EI(~iT THOUSAI~ID NINIs Ht1N- D~ APID N0~100------------------------- Dollere (i 28~900.00 with interest from date st the-rate of EIGHT ArID ONS QUAR'1'~R per centum ( 8r; P~ aanum on t6e unp~id b~la?noe nn,til poid. The ssid principal-and~i~terest ehall be payable at the o~ce of J. T. S7~FIAK1' N~RTGA~E COMPANY, INC. 100 MLRACI~ MII~ ~ CORA,L GAHI~S~ FIARIDA , or at aucb athcr-ple~e as the holder msy dee~nste in writing delivered or mailed to the debtor, in monthly installments of ~ f~PID~D S~VII~ . and 33~1-~ Dollsre 217. 33 commencing on the first day d May , 19 74 , aad oontanuing oa the first dsy oi each month thereafter until this note is fully paid~ ezoept that if not eooner paid, the final psyment of principal and interest shall be due and payable on the first dsy of April , 2004 . privile¢e is reserved to prepay at an, time, withont premium or fee tLe entira indebtednees or aqy part thereof noti lees than the amount of one inatallment, or one hundred dol~ars (i100.00), wLichever is lees. If sny deficiency in the paym ent of any inatsllment under thia note is not made gcwd prior to the due date of the nezt euch installment, the entire principal sum and accrued interest shall at once beoome due and ~sy- able witLout notice at the option oi the holder of t,hia note. Failure to exercise thia option ehall not oonstitute a waiver of the right to eaercise the same in the event of any aubeequent defaul~ In the event of default in t6e psyment of thia note, and if the ssme is collected by sn sttorney st law, the undersigned hereby sgree(s) to pay all ooats of collection, including 8 ressonsble sttorney's fee. 1'hia note is eecnred by mortga~e of even date eaecuted by t6e undersigned on certain property deecribed tl?erein and represente money actually used for the acquisition of said pmperty or tbe impmvemente thereon. Preeentment, protest~ and notice are hereby waived. 1S/ Ro~r ~ wiisox [s~.~ xo~ ~ wzisox J 1 Jo w~sox ANID~A JO WILSON [s~r?L] [~l I And ehall duly, promptly, and fully pedorm, discharge, execute, eHect, complete, and comply with and abide ; by each and every the stipulations, agreements, conditions, and oovenants of said pmmiasory note sad of this 6 mo*tgage, then this mortgage and the estate hereby created ahall cease and be null and void. ~ The Mortgsgor further covenants as follows: l. T'hat he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at saY time, , without prem~ium or fee, the entire indebtedness or any part thereof not leas than the amount of one installment, or one hundred dollars (t100.00), whichever is leas. 2. In order more fully to protect t.he securit3 of this mortgage, the Mortgagor, together with, and in addition to, the monthlv pavments under the ternis of the note secured hereby, on the first day of each month unt.il the said note is fully paid, will pay to the Mortgagee, as truatee, (under the terms of t.his trust a4 herein- after stated) the following sums: (a) A sum equal to the ground renta, if aay, neat due~ plus the premiums that will next became due and payable on policiea of fire and other hasard insurance covermg the mortgaged property, plus taxes and sasessmenta neut due on the mortgaged property (all ae estimated by the Mortgagee and of which the Mortgagor is notiSed) less all eums already paid therefor divided by the number of montha to ela~p~e before one month prior to the date when such ground renta, premiums, taxes, and sesessments will become delinquent~ such sums to be held by Mortgageemtn~attopayeaidgroundrents,premiums,ta~cea,andapecialasseasments. (b) The aggregate of the amounts payable pureasnt to subparsgraph (s) and thoeepayable on the note aecured hereLy, ehall be paid in a single payment each month, to be applied to the fo.llowing itemB in the order atated ~ (I) 8round rents, tauea, asseesments, fire, and other hasard insuraace premiume; ~ (II) interest on the note secured hereby; and i E (~In ~amortisatioa of the principal of said note. : • ~ Any deficiency in t6e amount of suchaggregate monthly payment shaU, unlesa made good by the Mor~ ~ ~ gagor prior to the due date of the neat such payment, constitute an event of default under this mortgage. ~ ~ At Mortgagce'a option, Mortg sgor will pay a"late charge" not e~cceeding tour per centum (4°J'o) of any install- ment when paid more than Sfteen (15) days after the due date thereof to oover the extra expense involved in ~ hsndling delinquent payments, but such "late cherge" ahall not be paysble out of the proceeds oi any sele made to satisfy the ~ndebtrdness secured hereby, utiless such proceeda sre suH'icient to diacharge the entire ' indebtedness and all proper costa and expenses secured thereby. 3. If the total of the payments made by the Mortgagor under (s) of paragraph 2 preceding shall exceed the amount of pa~ ments actuall~ made by the Mortgagee, as trustee, for ground rents, taxes and asaessments, and insurance premiums, as the case ~nay be, such excess shall be credited on subsequent payments to be made by the Mortgagor for such items or, at Niortgagee's option, as trustee, shall be refunded to Mortgagor. If, however, sucli monthlv payments shall not be aufficient to pay such items when the same shall become due and pa •able, then the Mortgagor sholl pa~ to the viort.gagee, as trustee, any amount necessary to make up the de~cienc~ . Such pa~-ment shall be made within thirty (30) davs after wr~tten notice from the Mortgagee steting the amount of the deficiency, which notice may be given by msil. If at any time the Mortgagor ehall a ~225~ p~c~16~4 ~ ~ - . ~ ~ F_ - _ ~ _ ~ - _ . _ : _ _