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Home My WebLink About0758 The Mortgagor bereby covensats with the Mortga~ee; the~ he ia indefea.~ibly seised oi said land in fee aimple or such other estat~et it anyt aa ia s~ated herein; tt?at he has tull power and lawiul right to rnuvev t,he snme as afaresaid; lhe~ the luud is tree II'OIA 81I BDCUIOVCdIlCBB eXC@pti 8S L@IBIII 0~18iW188 f8C11~01~; that said~biortg~gor will make such further ~ssurances to provo the ~?foreaaid title t,o eaid laad ia said Mortgagee us may ba reaaon- ablyreq ui~ed~ and t,h~t said Mortgagor daee hereby !uAy warrsnt the title to said land~ +wd every part Llieceot, ; wd will detend the asme ~gsinat Lhe tewful cl~i~na of a11 pereona whomsoever. ~ Pnov~nsa ALw~Ye thst it the Aiortgagor s6~?11 p~y unLo the Morigagee tb~~ oertsin promiaeory aote~ oi ~ ~rhich the following is a subst,~nt,ial coPf~ to witi: ~ i 18,600.00 Fort Pierce . , April 11 ,1974 . Foa Vwi.us RECSivsD, the undersi~ned procnise(a) to pay to ~ J. T. STh~IAR'P MpRT('~AGB O~MPANY~ INC. ~ , s oorporstiou orgsaised and e~ai~sting under tbe y~ws of the State of Florida , or order~ the principal sum of gIC~7.'S~'i THOUSAPID SIX HfJI~IDR~ AI~ID NO/100------------------------------Dollars (t18,600.00 ~ith inter~st fmm date st ~ the rate of EI(~iT ANID ON~ QUARTER Per oentum ( 8~ P~T annum on the unpaid balance unW paid. The said principal aad interest shall be payable at the oQ'ice of J. T. STL~iART MORTGAG~ OOMPANY~ INC. . 100 MIRACI~: MIY,B ~ apgpy Gpg~ ~~p~~p , or at such other placE sa the holder may designute in ~vtiting delivered or mailed to Lhe debtor, in monthly installments of ONS HIJNDRSD THIRTY-I~INS AND 87~7~1are : 139.87 commeacing on the first day of June ~ 1974 , and oontinuinig on thc ! first day of each month thereafter until thia note is fully paid, eucept thst, ii not sooner psid, the fina~t~ payment of princ~p~?1 snd interest ahall be due and payable on the firat day of May . 2004. privilege is reserved to prepay at any time, without premium or fee. the entire indebtednees or any pact thereof aot less than the amouat ot one inatallment, or one hundred dollus (;100.00), wWc6ever is less. Prepayment w fuU shall be credited on the dale received. Putia! prepayment, other than oa an installment due date, need not be credited unttl the next tollowing installmeat due date or thirty days after such prepaymeat, whic6ev~er k earljer. If any deficiency in the payment of any installment under thia note is not made good prior to the due date of the next auch installment, the entire pr~ncipal sum and accrued interest ahall at once beoome due sad p~y- able vvithout notice at t6e option of the holder of this note. Failure to exercise thia option ahall not oonst~tute s waiver of the right to ezercise the asme in tbe event of any subeequent deieult~ In the svent of default in the payment of thia note, and if the same is coUected by an attorney at law, the undersigned hereby agree(s) to psy all coste of oollection, including a reasonsble attorney's fee. This note is secured by mortgag_e of even dste executed by the undersigned on oertain property described therein and repreaents money actually used for the acquisition of said properLy or Lhe improvemente thereon. Presentment, protest, and notic~s are hereby waived. ~ Davj d P. Bunney [gg~i.] DAVID P. B~JNNEY Marsha I~vnn Bunney ~~g~,~ MAIiSHA L~ BUNNEY ~ ; ~ [s~.] ~ ; And ahall duly, promptly, and fully pedorm, discharge, execute, ef~ect, complete, and comply with and abide ~ ~ by each and every t6e stipulations, agreements, conditions, and covenants of said promissory note sad of this ; ~ mortgage, then this mortgage and the estate hereby _created shall oease and be null and void. ; ~ The Mortgagor further covenants as follows: , ` ~ 1. That he will pay the indebtedness~ as hereinbefore provided. Privilege is reserved to prepay at any time, ; ~ without premium or fee, the entire indebtedness or any part thereof not less,tban the arnount of one installment, or ~ one hundred dollars (i100.00), whichever is less. ~ ~ 2. In order n?or~~ full~- to protc~rt the seeurit~- of thLS niort~a~e, th~ ~tortgagor, together with, and in i addition to, thc~ monihl~- pa~'u~ents w~der th~ ternis of N?t~ not~ ~curecl h~•reb~-, on ihe fi~t da~- of eaeh montL ~ until the said t?otr is full~• paid, H•ill pa~• [o th~ ~1ort~a~c~~, a.s truste~. (un~lc~r tli~ ternis c?f this trust rLS herein- ~ aR~r st~tccl) tl~e f~?llow•itig suu~s: ~ (s) A sum equsl to the ground rents, if any, next due, plus the premiums that will next become due and payable ~ on policies of fire and other haaard insurance covering the mortgaged pmperty, plus taxes and as.5essments _ ~ neat due on the mortgaged property (all sa estimated by the Mortgagee and of which the hiortgagor is = notified) less all sums already paid therefor divided by the number of months to elapse before one month ~ ~ prior to the dste when such ground rents~ premiums, taxes, and as~ssments will become delinquent, ~ - such sums to be held by Mortgsgeeintrusttopaysaidgroundrents,premiums,taxes~andspecialagsessments. Z (b) The sggregate of the amounts payable pursuant to su6paragraph (a) and those payable on the aote secured ? hereby, ahall be paid in a single payment each month, to be applied to the followi'"ng items in the order stated (I) ground rents, ta~ces, assessments, fire, and ot6er hazard insur$nce premiuma; : (II) interest on the note secured hereby; and (III) amortisation of the principal of said note. ~ Any deficiency in the amount of such a~;gre~ate monthly pnyment shall, unless made good by the ~iortr gagor pr~or to the due date of the nex6 such pa~~ment, constilute an event of default under this mortgage. _ _ At Mortgagee's option, Mortgagor will pay a"late cl~arge" not e~ceeding four per centum (4°J'o) oi an} install-. ~ ment when paid more than fiftecn (15) days after the due date thereof to cover the extra erpense involved in = - handling delinquent ~ayments, but such "late charge" shaU not be payable out ot the proceeds of any sale = - made to satisly the indebtedness secured hereby, unless such proceeds are sufficient to discharge che entire i indebtedness and all proper costs and expenses secureci thereby. ` - 3. If th~ t.~tal of thc• pa~•numts n~ud~• b~• thE• ~toriKa~or un~l~•r (a) of para}:ruph 2 pr~•ceilin~ shall exceed ' the umount of pa~-n~~nts uctuall~- n~n~l~~ h~- tlu~ ~fort#?a~;e~~, a.s iru~te~. for ~?roun~1 ri~nts, taxes ami assessments, ~ = and insurance pr~~iniunis, us thi• ~•usc~ ina~~ be~, suel? excess shstl Ix• credite~l on sul,s~~yuent pa~-ments to be made ~ b~• the ~lortgu~;~~r for sac•h it~n?s or, ut~ ~1ortKu~~~'s option, i~4 truste~, si?all i~r refunded to Liortgagor. I~, ~ however, such montlil~• pa}-m~~nts shnll not 1?c~ sufTi~•i~nt to•pa}- su~•h itcros ~vhen th~ same shall ~ecome due ~ ~ and pa~•able, tl?en 1)~e ~1ort~a~or shall pa~• to th~ ~1ort~;a~?~•~~, truste~~, anr un~ount nrcessar~ to make up t}ie cle~icienc~-. ~url~ pa~-n~~nt shall Ix~ ~na~le~ w•itliin tl?irt~- (:~0) da~•s after ~•ritten noti~P froin tj~e :blortgagee stating the amount of the deficienc~•, Kl~ich noticc~ m~v Rb bv ma' t anp time the l~iortgagor ahall ~ 6b~,4c~~ ~'~~F ~ ~ - _ _ - ~ _ _