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Home My WebLink About2295 The Mortgsgor hereby c~ovenanta with the Mortgsgee, that he is indefeaaibly eeiud oi said laad in fes eimple or such other eatste~ ~f any aa is ststed herein; that he hsa tull power i?nd lawiul right to oonvev the s~?nne ae aforesaid; thst the lond ~s iree ~rom aU encumbrances except as herein otherwiee tecited; that eaid~iortgagor ~?ill make such further aesuranoes to prove the sforesaid titl~ to said land in said Mortgagee as rasy be reason sb~yrequiced, snd that said Mortgagor does hereby i~ wi?rrant t6e tiWa to said lu?d, and evory par6 thereoi, ; and will defend t6e eame against the lawiul claima of pereone whomaoever. ' ; PROVtDSD ALw~Ta tbet ii the bioctgagor shall p~?y uato the Mortgagee tha~ oertaia promiseory note, oi j which t~he following is a substsntial oop~. to ~vit: ; i 22~000.00 Fort Pierce , ; March 29 ~ 19'T4 • Foa V~u.vs R,scsivsn, the underei~?ed promiee(s) to psy to ~ J. T. SR7~~AFtT MOHTGEIG$ O~I~ANY~ INC. , s oorporatioa orgsni~d and eaatin~ under the Iswe of The State of Florida ~ or order, the principsl aum of TW~NTY-TWO THOUS~AND ANID N0~100 ; ---------------------------------------Dollara (i 22, 000. 00 with intereat from date st ~ the rate oi TI(~ A1~ID ONE QUAni'SR Per centum ( 8~ P~' Annum oa the unpaid bslanoe unW paid. The said principal and interest ahall be payable at the offioe ~ J. T. STSWART I~+ARTG~IGE OOMPANY~ INC. 100 MLRACi~ M[LB ~ OORAL GABLFS ~ FI~ , or at such other plaoe as the holder msy deeignste in writin~ delivered or mailed to the debtor, in monthly installmenta of ONE IiUriDRED SI7QY-FIVS and 44~lOmollai8 165.44 commencing on the first day of May , 19 74 , and oontinuing on the firat day of eacL month thereafter until this note is ful~ paid, e~coept tLst~ if not sooner paid, tLe finsl paymeat of principel and mtereat ahall be due and psysble on Lhe Srat dsy of Apri1 ~ 2004 . privile~e is reserved to prepay at any time, wit6out premium or fee the entire indebtednees or any part thereof notZeea than the amount of one matallment~ or one hundred dol~ara (:100.00), whichever is lees. If any deficiency in the paym ent of any inatallment under this note is not made good prior to the dus date = of tLe neat such inatallment, the entire principsl sum and accrued interest sLall at oncs become due and ~sy- sble without notice at the option of the holder of this note. Failure to exercise thia option ahall not oonstitute a waiver of the right to eaercise the same in the event of sny subsequent defaul~ In the eveat of defsult in the payment of thia note, end if the ssme is collected by an attorney st law, the underaigned hereby agree(s) to pay all costa of collection~ including a reasonable t?ttorney's fee. Thie note ia eecured by mortgage of even date eaecuted by the underaigned on cei~tain property deecribed therein and represents money actually used for the aoquisition of eaid property or the improvemente tLereon. Presentment, protest, and noticA are hereby waived. ~s/ GmR(~ ATHEL PULI~1 ~gg~L~ ~ ' G~ORGE ATHEL PrJr,IaT 1 ~s,~ DAISY PUIS~'.~i [,38~?L] . D~AISY PULIEN ~ _ ~s~L] _ [~l And ahall duly, promptly, and fully perform, discharge, execute, effect, oomplete, and comply with and sbide t by each and every the stipulations, agreementa, conditions, and covenants of eaid promissory note and of thie ~ mo*tgage, then this mortgage and the estate hereby crested aha11 ceRSe and be null and void. T6e Mortgagor further oovenants se followa: ~ 1. That he will paq the indebtednesa, a8 hereinbefore provided. Privilege ia reserve~ to pr~pay at aay time, ~ without prem~ium or fee, the entire indebtednese or aay part thereof not leea than the amount of one ~natallmeat, or - ~ one hundred dollara (i100.00), whichever is lesa. 2. In order more full~ to protect the securi4~ of this mortgage, the Mortgagor, together with, and in addition to, the monthl~ pa~-menta under the terms of the note secured hereby, on the first day of each month ' until the said note is iu113~ paid, will pa~~ to the Mortgagee, as trustee, (under the terms ot this truat as herein- } after stated) the following sums: _ (a) A sum equal to the ground rents, if any, next due, plue the premiums that will.next become due sad payable ` on policiea of Sre and other haaard insurance oovenng the mortgaged property, plua taxes and aasessments . ~ next due on the mortgaged property (all ae estimated by the Mortgagee and of which the Mortgsgor is notified) less all suma already paid therefor divided by the number of months to elapse before one month ~ prior to the date when such ground rents, premiuma, tsues, and assessments will become delinquent, E auch suma to be held by Mortgageeintniattopaysaidgroundreuta,premiums,taxea,sndspeciales~sments. ~ ~ (b) T6e aggregate of the amounts pay8ble puzsuant to subparagraph (a) and thoee~ayable on the note secured ~ ~ hereby, ehall be paid in a single payment each month, to be apphed to the following itema ia the order ~ ~ stated ~ (n ground rents, tauea, asseasme.nte, fire, and other hasard insuraace premiuma; y~}= (In intereat on _the note secured hereby; end (IIn amortisnti~ of the principal of said note. ~ Any deficiency in the amount of suchaggregate monthly psyment ahsll, unlesa made good by the Mort- 3 gagor pnor to the due date of the next such payment, const~tute an event of default under this mortgage. ~ At Mortgagee's option, Mortgagor will pay a"late charge" not exceeding four per centum (4°Jo) of any install- ~ ment when paid more than Sfteen (15) days after the due date thereof to cover the extrs expense involved in handling delinquent paymenta, but such "late charge" shall not be payable out of the proceeds of any sale ~ made to satisfy the ~ndebt,~dness secured hereby, unless such proceeds are sufficient to dischsrge the entire indebtedness and all proper costs and expenses secured thereby. ~ 3. If the total of the payments made b• the Mortgagor under (a) ot paragraph 2 preceding shall exceed ~ the amount of pa~ ments actuall~• made bv t~e Mortgagee, as trustee, for ground rents, taxes and assessments, and insurance premiums, as the case may~be, such excess shall be crndited on subsequent pay-ments to be made ~ b~ the Mortgagor for such items or, at Mortgagee's option, ag trustee, shall be refunded to Mortgsgor. If, ~ ~ however, such monthl~ pa~ ments shall not be sufficient to pay such iterns when the same shall become due ~ ~ and pay•able, then the Mortgagor sha11 pay to the Mortgagee, as trustee, any amount necessary W make up y the deficiency. Such pa~ment shall be made within thirty (30) dava after written notice (rom the Mortgagee ~ atating the amount of the deficiencs, which notice may be given b~y R eil. If at any time the Mortgsgor shall ~ aoc~2Z5 ~2~~s9 . - _~~w ~v';,,.a,x"=~;~ p" -~,;:T.:.~`' " "TMi ~ ~ ~f. ~ - - 3^. - .~s..~_.;:'-_ . . _ _ ~b -1~~ ~ . . . ~ . _ ~