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Home My WebLink About2269 The Mortgagor hereby oovenaata wiU? t6e Mortgagecy tLat he is indefeaaib~y eeised oi said laad in foe omple or such ot~her est~te~ ~f aqy oa is s~ated heraa; tbwt he bas tull power and lawful,right to oonvev tha same au doresaid; that t~hs land ~s iree ~rom all encumbraaoes esoep~ sa hereia ot6erwise recited; t6at eaidlviortgsgor wiU m~lca sucb furWer ~wsuranoes to prove tLe atoreeaid utle to said l~ad ia said Mortgagee as ma~ be i+e~eon- • ab uiced~ ~nd th~ said Morlgagor does hereby i~ ~varraa0 the titb to eaid lu?d, and ever~ pari thereot, teq n wilt defend the e~me ag~insti the la~vtul cLims ot pereona wLomsoever. PsoviDSa AL~r~TS tLat ii tbe Mo~t{~agor ehall ps~ unto ths Mort6ages Lhu~ oert~ia W'om~aeory n°t°~ °f which tLe following is i sut~?t~utiat oaPS~ to wi~: = 31~~~~ Fort Pierce , Fiorida. M~y 10 ,19 74 • Foa Vwt.vs Rscsivsu~ tbe uude~ed Promise~s) to P~Y t° J. T. ST~TART MOnl'GAGE 001~'ANY~ INC. , s oorporation or~ani:ed aad e~astina undar the lswa oE the State of Florida ~ or order, the PrinciPal sum of THIRTY'~NS T~OUSAt'ID, ~IG~ MA~T- DRED and no 100--------------------------~~ 31,800.00 with interest irona date st t6e rste ot ~(~iT APID ONS-~1AIF per centum ( 8~ Per snnu~n on the unpud balanoe until paid. T6e eaid princip~l snd interest ehaU be pt?ysble at the o8'ioe of • J. T. STE~IART 1~OR'PGAiGE ~MPANY, INC. - 100 MIRACI~S I~IILE in OORAL GABS.F•S FIARIDA . or st such other place as the holder msy deaignate in writing de.livered or mailed to t~e debtor, in moatbly installments of ~i0 HIINDR~ FORTY-FOUR aad 54~100Dollais (i 244. 54 commencing on the first day of Ju1y , 19 7~+ ~ aad ooniinuing on f~e firat d~y oi each month thereatter until tbia note is fully paid, ezoept tLut, ii not ner pr?id~ the final psymeat of princapal ai?d interest ahaU be due and pay~ble on the first day oi June, 200~+. , privilege ie reeerved to prepay ~t uny fame~ witLout premium or fee. the entire indebtednees or eRy P~ th~reoi not les tbm tbe aawunt oi one instaiiment, or oue hundted dollaes (:100•00), whichever is leas. ReP~Yment in tul! shall be credited on t6e dite received. Pattid prepayment, other than on an jnstallment due date, need aot be credited untll the nezt idlowin= indaUmeat due date or thltty daqs atter wch prepayment, whichev~er is earlkt. If sny deficiency in the psyment of any instsllment under this note is not made good prior to the due dste of the nezt such instsllmen~, ,tbe entare princiPsl aum and aa'.~''led intereat ahall st once beoome due sdd ~sy- able without notice at the optaon oi t6e holder of this nots. Failure to ezercise thia option ahall not oonatatute s waiver of the right to ezercise the eame in the event oi any subeequent defsult. In the eventi oi deisult in the psyment of tl~is note, and if the same ia colleated by an sltorney st Lw, the underaigned hereby agree(s) to psy sll oo~ta of collection, including a reasonsble attorney's fee. Thia note is eecured by mortga~e of even date eaecuted by the underaigned on oertain pmperty described therein and representa money sctually nsed for the acquisition of sa~d proper6y or the impmvements thereon. preeentment, protest, and notice are hereby waived. /s/ Gene Arnold Ha11 (gg~L~ r.i naa Ha11 [s~.] I.IPID~A ~iALL - ~s$~?L~ . ~s8~?~,~ ~ And shall duly, promptly, and fully pedorm, discharge, execute~ eHect, oomplete, and oomply with and abide ~ by each and every the stipulations, agreements, conditions, aad ~venaats of said promiesory note and of this ~ mortgage, then this mortgage sad the estate hernby created s6all cease sud be null sad vad. The Mortgagor further covenants as follows: 1. That he will pay t6e indebtednesa, as hereinbefore provided. Privilege ia reaerveci to prepay at any time, without premium or fee, the entire indebtedneas or any part thereof not lesa than the aanount of one inatallment, or one hundc+ed dollars (=100.00), whic6ever is less. 2. In order ~nore full~• to protect the securit~- oi this n?ort~a~e, t}?e vlortgagor, togettier with, and in addition to, the monthl~• pa~~ments under it~e terrns ot tl?e note se~ur~d Lereb~-, on the first dat o[ ~ach ~nont.li uutil the said note is full~ paid, v?il1 pa~• to th~ ~iortga~;ee, as trustee, (uncler th~ ternis of t}?is trust ati herein- after stated) tLe follov?ing suws: (a) A sum equal to the ~ound rents, if any, next due, plus the premiums that will next become due and payable on policiea of fire and other hassrd insurauce oovering the mort,~aged ptoperty, plus taxes and assessments neut due on the mortgaged property (all as eatimated by the Mortgagee and of which the Mortgagor is notified) less all sums already paid therefor divided by the number of montha to elap~e before one month prior to the dste vrhen such ground reats, premiuma, taxes, and sssessments will become delinquent, euch sums to be held by Mortgageeintnisttopaysaidgroundrents,premiums,taues,andapecialass~sments. ~ (b) The aggregate of the amounts pa able pursuant to subparagraph (a) and thoae payable on the note secured herebq, aball be paid in a~e payment each month, to be appl~ed to the foUowing items in the order stated ~ {I) ground rent8, tazes, assessmeata, fire, and other haasrd insurauce premiume; (II) iaterest a~ the note eecured hereby; and (IIn amortisation of the principal of,said note. Any deficiency in the amount of such a~;gre~ate monthly psyment sball, unless made good by the Mort- gagor pr~or to the due dste o[ the nex~ such payment, constitute an event of defaul~ under this mortgage. At Mortgegee's option, Morigagor will pay a"late cl~arge" not exceeding four per centum (4°Ja) of any install- ment when paid more then fittcen (15) days aftec t6e due date thereof to cover the extra expense involved in handling delinquent paqments, but such "late charge" shall not be payable out ot the proceeds of any sale msde to satiafy the indebtkdness secwed hereby, unless such proceeds are aufficient to d~scharge the entire indebtedness and all proper c~sts and expeuses se~ured thereby. 3. tf the total of the pa~-~uenls n~nd~ t~~• th~ ~1ort~agor und~r (a) of pnragruph 2 precedin~ sLall e!cceed the amount of parn~ents actuall~- ma~l~ b~- t~~e ~'Ior1~;aKee, as truste~, for ~roun~l rents, tuxes and assessments, and insurance prnmiun~s, as thi~ rase ma~= be, such exeess sl?all Ix~ creditecl on sui~yuent pa~•ments to be made b~ the :~'Iortgxgor for such items or, ut Mortgug~e's option, a.g trustee, st~all tx~ refunded to Mort.gegot. Tf, however, such montl~l~• pu~•menis shall not im suffi~•ient to pa}- suc•h items when the same shall become due 'and pa~able, lhen the ~lortga~or shall pn~• to the :~'Iort~a~~~, as trustec, an~ aniount necessary to mske up the de~icienc~-. Such pa~•nicnt shall be~ n~aAe within tLirt}• (:;0) cls~B atter written notice lrom the Mortgagee stating the amount of the deficicnc}, wl~ich not~ice may be given by mail. If at any time the Mortgagor ehall ~ 227 P~~7 . - - ~ _ ~ _ :