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Home My WebLink About1632 . . . s • . . ) The Mortgegor 6areby covenaats with tLe Mortga~;ee, that he is indefeasibly sei~ed oi said land in fee aimple or auc6 ot6er estAtet ~i ~ny ~a ie etel~d heee~n; that he has tull power and lawiul right to coavev W~e same as ~foresaid; t,bot the laad ~s iree ~rom all encumbrances e~ccept, aa herein otherwise recited; that said~ulortgagor will malce euch turther sesuranoes to prove tLe atoresaid 4tle to saud Iiwd in 8aid Mortgagee us may be reuso~ ab~yrequicad, ~nd t~h~t said Mortgagor Joee hereby fuUy wuraa~ We title to said lsnd, sad every put thereof~ and will defend the eaane agsinat the l~wtul cl~ima oi all persons whoinsoever. PROVID~D A/.NAVd tiL~t 1~ U18 I~~Oif$L~Or 9LVI j1Ry I1Dt0 ~ M0i1~Y~80 ~La` CeiL~ln P~OIDlSSOrY A~f~~ oi which the tollowing is a substawti~l ooPp~ to wit: _ ~ Fort Pierce , ~ 15 ,i974. FOR VALIIB R~CtIViD~ the undecsigned promiee(a) to pay to a1 • 2~• ~2i14~1` 1'~J2~L'lalllrh WirJYlil'i 1~ 1.i~i~• , s corpo ~tion o end under tLe Iswe of the State of Florida , or order, the principal sum of '~TY S~~T~~~~~ FIUNDRED AI~ID NO~loo---------------•------ Dollars (t ~Ta 800.00 with interest from date at the rate of ~CGHT AND TIi~t~E qL1Aftt'ffi~r ceatum ~ 3~4%) P~ aunum on t6e unpaid balance unW p~ud. The said principal and interest ahall be payable at the oft'ice of J. T. STh'~iART MORTGAG$ COA'~PANYa INC• 100 MIRAC7~ MLIT ~ ppBp.I~ GpSLffi ~ FIARII~A ~ or at such other pisoE as the holder may d te in writ~ng A delivered or mailed to the debtor, u? monthly installments of S~~ ~ 17/1~"'~~ 21.$~'~ commencing on the 5rst day of July , 19 74 , and oontinuing on the first dsy oi each month thereafter until this note is fully paid~ eacept that, ii not sooner paid~ the final psyment of principal snd intereat shall be due and payable on the firat day of June 2~~ - privilega is reserved to prepap st,any time, without premium or fee, the entire indebtednees or sny part thereot aot tess t6an the unouat oi one insiallmeni, or oae ~un~ci doii~r (j1it0.~j, tirltict~~eer i~ 1~. Yregaymeat ia ful! shall be credited on tl~e date received. Putial prepayment, other t6aa on w instapment due date, aced not be credited until the nent following installment due date or thirty days atter such prepayment, whicdever is earlier. H eny deficiency in t6e paytnent of any installment under this note is not made good prior to the due date oi the next such installment~ the entire principal sum and acerued interest sha11 at once become due snd ~ay- able without notice st the optaon of the holder of thia note. Failure to exarcise this option shall not oonstitute s waiver of the right to ezercise t6e same in the event of eny subsequent defaul~ In the event of default in the psyment of thia note, and it the same is collected by an attorney at lsw, the undarsigned hereby agree(s) to psy all costs of collection, including a reasonable attorney's fee. Thia note is secured by mortgage of even date euecuted by the underaigned on certain property described therein and represents money actually used for the acquisition of said property or the impmvemente thereon. Preeentment, protest. and notic~s are hereby waived. /s/ Robert Earl Lewis _ R0~ EARL IEF~S /~s~/_Mar Lewis ~ ~ - [s~J ' [s~u.] j ~ And shall duly, promptly, and fully perform, discharge, execute, ef~ect~ complete, and comply with and abide ~ by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of this mortgage, then this mortgage and the estate hereby created shall cease 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 t6an the amount of one u?staWnent, or one hundred dollars (i100.00), whichever is less. 2. In order ~nor~• full~' to protect the se•curit~- of this ~iuirtgx~~•, the ~lortga~or, tog~~th~~r Kith, and in addition to, tLc• ~uonthl~- pa~•ments under the tenns of th~• not~ se~•ur~~l h~•rnL~-, on th~• fir~t da~• o[ ~•a~•h m~nth until the suid not~ is full~ paid, v?ill pa~- to the tiort~?a~~e, a~ trustee, (un~l~r th~• t~•r~~is of this trast lis hernin- after statecl) the followin~ sun~: (a) A sum equal to the ground rents, if any, next due, plus the premiums that will next beoome due and payable on policies of fire and other hazard insurauce covering the mortgaged property, plus taxes and assessments neact due on the mortgaged property (all as estimated by the Mortgagee and of which the hiortgagor is ; noti5ed) less all sums already paid therefor divided by the number of months to elapse before one month ~ prior to the date when such groand rents, premiums, taxes, and assessments will become delinquent, t such sums to be held by Mortgageeinttvsttopaysaidgroundrents,premiums,taxes,andspecialassessments. f (b) T6e aggregate of the amounts payuble pur~ant to subparagraph (s) and those payable on the note secured ° hereby, shall be paid in s single payment each month, to be appl~ed to the following items in the order ( etated (I) ground rents~ ta~ces, assessments, fire, and other hazard insurance premiuma; . ~ (II) interest on the note secured hereby; and (III) amortization of the principal of said note. Any deficiency in the amount of such a~;gre~ate monthl_v payment shall, unless made ~cw~l by the Mort- gagor prjor to the due dste o[ the next such pa~ ment, const~tute an event of default under this mortgage. ± At Mortgagee's option, Mort~agor will pay a"late cl~ar~e" not eaceeding four per centum (4°Jo) of any install- ment when paid more than fiftecn (15) days a(ter the due date thereaf to cover the extra expense involved in - handling delinquent pavments, but such "late charge" shall not be payable out ot the pra;eeds ot an~ sale made W satisfy the ~ndebtedness secured hereby, u~iless such proceeds are. sufficient W discharge the entire indebtedness and all proper costs and expenses secured thereby. 3. If tti~ total of th~~ pa~-~iic~nts ~nad~• h~- th~• ~torl~;ai~;or und~~r (u) of paru~rupli 'l pr~~~•~~~lin;; shall ereced S the uinount o( pu~-m~nt. ui•tuall~- n~a~l~~ t?~• tiie ~tort~;a~?~•~•, as trustec~, for ~routs~l r~•nt~, tax~s und asse~.~n~ents, and iusuran~•c prnn~iwn., us th~• ~•as~~ nu~~ ~br, such ~se~~ shall t~ credit~~l on sutn~~yucnt pu~•nu•nts to tm madc b}- th~ ~1ortKu~;or for su~•h itc~ms or, ut ~tortga~~~'s option, us tnistc~~, shall lx~ r~~fundcd to ~iortgagor. If, however, su~h montl~l~' pa}-ments shull n~t 1?c• ~uffi~•ient to pu~- sw~h items H~hen th~ san~e shall Uecome due and pu~'able, Ihen the ~lorlKu~;or sh:~ll pa~• to th~• 11ort~u~;~~~~. i?s iruste~•. .in~- un~ount n~cessar~• to tnake up th~ de~icienc~-. 1uc•h pa~-in~•nt sliall be~ ~u:ul~~ Nithin ll?irt~~ (:{O) ~lu~~s t~fter ~+•riUen notice (rom the MoKga~;ee stating the amount of the deficienc~-, ~~I~ich notice may be given by maiL If a~ any time t6e 11'Iortgagor shall P'~? ~~7 PACE~UJO _ s~_. . z~,.r r~, _ - _d~ . _