The URL can be used to link to this page

Home My WebLink About1907 Tha Martgagor herebp oovenante with 1.he Mortgegee, that ha ie indefeaKibly seized of eaid l~nd ia fee simple or such ot6er estates it any ae ie stated herein; tha~ he hsa tull pov~er ~nd lsw~ful right to oonvev the a~me aa sforesaid; thst the land is iree ~tom all encumbrances excep6 sa herein otherwi~e recited; thst said~iortgagor ~vill me?]ce such turther aeauruices to prove the aforesaid title to ssid land in said Mortgegee ae msy be rexson- sblyr~quioed, and th4t asid Mortgagor doee hereby fully ~varrsnt tLe tit.te to said land, and every par~ thereot~ and will detend the same agaioet the lawful cluims of sll pereons whomsoever. ~ Paovcu~n ALw~~re that if the Mortgagor abaU p~y unto the Mortgagee that oectain promiseory note, oi wbich the following is s substxntial ooPT~ to w?~: i 30,950• ~ Fort Pierce , ~loricL. Apri1 1 , l9 74 . FOR VALUZ R~CLIYSD~ the undereigaed pmmise(s) to WY ~ J. T. .S'T~ I~J~GT f7~N~'ANY~ INC. ~ s oorporstion organisod and e~dstina uader the lawe of the State of Florida , or order, the pcincipal sum of TfII.RTY ~OUSAIID NINT HUNDR~ . ~rY ana 1~0/100-------------------------DoUars (=30,950•~ with interest from dste at the rate ~ EI(~T APID OI18 Q~IAI~'TSR P~ ( 8~ P~' ~nnum on the nnpud balanoe unW paid. The said principal und intee+est ahall be payable at the offioe af J. T. SThWART M'JItTGA(~ QOI~~ANY~ INC. 100 MIRACIi3 MII~B ~ ~pgyT, GpgIgg , or at euch other pluoe as the hdder may deaigne?te in writing delivered or mailed to the debtor, in monthly inatallmenta of ~ii0 HUI~IDRBD TfIIRTY-ZiaO and 74~lOmollars (i 232. 74 commencing on the 5rat ds?y of May , 19 74 , aad oontinuing an the first day of each month tLereafter until this note is tully psid, esoept tbat, ii not eooner psid, tLe ~payment of principal and int~rest ahall be due aud paysble on the firet dsy of April , 2 pri ~s reserved to prepay at any time, without premium or fee, the entira indebtednees or any part thereof notlees thsn the amount of one installment, or one hundred dollara (i100.00), whichever is lees. If any deficiency in the paym ent of any inatallment under tbia note is not made good prior to tha due date of the neat auch inatallment, the entire principsl sum and accrued intereet ehall st onoe become due and ~ay able without notice st the option of the holder of thia note. Failure to eaemise thia option ahsll not oonat~tute s waiver of the right to es8rcise the same in the event of any subeequent defaul~ In the avent of detault in the psyment of thia note, and it the esme is collected by an attorne~ a~ lsw, the undersigned hereby agree(s) to pay all coets of collection, including s reasonable sttorney's fee. This note ia eecured by mortgs~e of even date ezecuted by the undersigned on certain propert~ deecribed therein and repreeents money actuauy used for the soquisi4oa oi said pmperty or t~e improvements thereon.. Preeentment, protest. and notice are hereby waived. 1 W~iam Gustav ~Iilkus [gg~,] wsra.~ c~v wirxv.s Shamn 1~] lla~s (ggAi,] SHA~N WIIRIlS ~ [~J ~ ~ ~ And ehall duly, pmmptly~ and fully perform, discharge, execute, eHect, oomplete, and comply with and abide ~ by each and ever~? the atipulations, sgreementa, oonditions, and oovenants of said promiseory note and of thie 3 mo*tgage, then th~a mortgage and the estate hereby created aha11 cE',ase sad be null and void ~ The Mortgagor further covenanta ae followe: 1. That he willpay the indebtednesa, as hereinbefore pmvided. Privilege ia reeerved to Pi'ePsY at any time, without prem~ium or fee, the eutire indebtedneas or any part Lhereof not lesa than the amount d oae in8tallment, or one bundred dollare (i100.0~), whichever is lesa. ' 2. In order more full~ to protect the security oi this mortgage, the Mortgagor, together with, and in addition to, the monthlv pa~~nenta under the terms of the note secured hereby, on the first dsy of each month until t.he said note is tu~l} paid, aill pay to the Mortgagee, ss trustee, (under the terins o[ this trust es herein- after st$ted) t.he following sums: : (a) A sum equal to the ground rents, if aay, neut due, plua the premiuma that will ne:t beoome due aad payable = on policies of fire aad other hazard ineurance covering the mortBeB~ Pi'oP~Y. Plus taxes and as~essments ! next due on the mort~aged property (a11 as estimeted bq the Mortgagee and of which the Mortgsgar ie notified) lees all sums already paid ther~for divided bq the number of months to elapee before one month prior to the date ~vhea such grrcwwnd renta, premiuma, taxes, aad sseesaments will Leoome delinqueni, such suma to be held by Mortgageemtniattopayesidgroundrents,premiums,tases,aadspecialaseessmente. (b) The aggregate o~ the amounts payable pureuant to sabparsgraph (a) sad thoeeps~ yable on the note secur+ed hereby, ehall be paid ia a e~ngle psyment each month, to be applied to the f~lowing itema ia t6e ord~ ~ atated ~ (I) Bround rents, taxes, aseesameats, fire, aad other hasard insursace premiuma; s (In iatereet on the nobe aecured hereby; and ` ~ ~ (IIn amortisation of the principal of eaid note. ~ Any deficiency in the amount of such te monthly payment shsll, unlesa made good by the Mort- gagor prior to the due date of the next suc payment, constitute an event of default under t~h~s mortgage. ~ At Mortgagee's option, Mortgagor will pay a"Iste charge" noL exceeding four per centum (4°Jo) of sny install- ~ ment when paid more than fifteen (15) dsys after the due date theteof to cover the extra expense involved in ~ handling delinquent pey ment2, but such "late charge" ahall not be paysble out of the proceeda of any sale F inade to satisfy the mdebtkdness secured hereby, unless sucL proceeds are aufficient to d~scharge the entire indebt.edness and all proper costs and expenses secured thereby. - 3. If the total of the pay ments made by the Mortgagor under (a) of paragraph 2 preceding shall exceed the amount o( payments actuall~ made by the Mortgagee, ea trustee, for ground rents, tsaea and ssseasments, and insurance premiums, as the case inay be, such excess ahall be credited on sub~equent payments to be made ~ b~ the Morigagor for such items or, at Mortgagee's option, as trustee, shall be refunded to Mortgsgor. If, however, such monthl~ pa~ ments shall not be sufTicient to pay such items when the same shall become due and pa}•able, then the Mortgagor shall pa~ to the biortgagee, as trustee, any amount necessary to make up the deficiency. Such pa~•ment shall be made within thirty (30) dava after wntten notice from the Mortgagee atating the amount of the deficiency, which notice msy be given by mao ~If st any time the Mortgsgor ehall - eoa~ 225 ~ 1904 - - - - - - - ~ ~ - ~ ~ - = ; . ~ - _ __.e_ .