HomeMy WebLinkAbout2299 TLs ~ortg~gor Lereb~ oo~nb wlth tbs Mq~y~, ~ bs i~ iadsteadtib setsed o~ aid land ia ies
imple or suc6 otber estate~ ~i~~r as i~ st~ted Le~eia; fL~t-hs L~s tull power und law~ful,ri~g6t to oon~ev the s~?me
as aioresaid; that tbe Iwd ~s fned ~+om all encnmbranoe~ asoep0 as hee+ein otherwds reaited; t,hu6 ~aidlVtortgsgox
will m~lce such furtber aesurwoe~ to pro~e ths atorewid iit3s t~o aid hnd in Nid Mortgag~es as mU be re~eoa-
ab~yrequired, snd tLati ~aid Mortga~or does Lee+eb~~ wsn~an0 tLe tit3s to ~id land, aod eoe~7 P~ ~~~i
~ad ~ilt defend t6e wds agains0 ~e Lwiul oLim~ o~i all petvons wlamrqs~er.
PAOYIDSD ALMATS ~Lt ~ ~ MOT~~QR' ~LLu ~ OII~O ~0 ~ ~it OOT~i1 ~'OID1Y~017 L0~ 0~
wLich tbaialb~vin~ i~ a wbsian~al oopJ, to w~:
i 30, 000. 00 New York
May '1 a ~74 .
.
Fos ViLOS ~~cros~, tLs nndeer~oed pe+omL~G~) b p~ ~o SOUTHERN MORTGAG E ASSOC IATES, I NC
authorized to do business in the State of Florida
, ~ eocporatian a~aised and ~ na~der t6s
L~ ~ the State of Arkansas . a~, ~ P~~ TNIRTY THOUSAND AND t~/100
30,000.00 wjth ~aeereet irom dsts st
~ ~ ~ E~ght and one-half P~' ~ 8.5 P~' ~ ~ ~P~ ~ P~?~•
~ ~ P~pw+l ~ ~ ~ P~~ ~ ~ ~ ~ Southern Mortgage Associates, Inc. ,
1999 S.MI. 27th Avenue, ~
iII M~ a i, F 1 r da , or st such atLer pLoe as t~Le Lokler m~y dee~t~e in writin~
deLvere~ a~ ~~o the debtrnr, in manthly installmeate d Two Hundred Tfiirty and 70/100
230.70 ~~~~6 an the 5rst da,y oi June ,19 74. oad eontinuins cn t6e
Srat dsy of each month theresfter unta'1 tbis note is tul~j? Paid, ea~oept tbati, if not ~oonee paid, tbe 8ni1~p
symen0
oi principal and inLerest shall be due and payable on the Srat doy of May , 2004
Pri ~a reserved to prepsy st sa,y time, ~vithouti premium or fee, the entire indebted.nees or snY P~
thereof notless than the amoun~ of one metallment, or one Lnndred dollars (t100.0U), ~rluchever is less.
If any deSciency in the papunent of sny instsllment under this note ia aot made good prior to tha due dats
of the neut such inatsllment, tbe entire principal aum and accived iaterest sLall at onoe beoome due snd Fay
able without notios at the option oi the Lolder of tbis note. Failure to Qzerciee tbis option ahaU not oonet?tute
s waiver of the right to eaarcise the eame ia the eveat of any subeequenti default~. In the event of de~ault in the
payment of this note, snd if the same is oollected by aa wt~orne~ at Lw, tL0 tmdereigned hereby agcee(s) to
pay all oosts of oollection, including s reasonable atitorne~'s fee.
This note is ~ecured by mo of even dat~ ezecuted by the a~eegigned an eectain propert~ deecn'bed
fherein and repreeents money i~c ~y need tor t~ aoquieit~on oi aid properf~y ~ar ~e improvemenis i~e~e~n.
Preeentmen~, P~rot~est. and notioe ars Lerob~ waived.
'~.,..._,~..?~^..~.N.M._CON~.^,L'LY T~f
~ f c/ MAE B.. CO NO LY [g~L~
~ Md ehaD dul7~ t~P~7?~ md ~ P~~. ~P~, ~nd- eomply wits ~d sbide
bp each and every the atiPulstione, agreem~ omditione, and eovensnta of ssid- ' no~e aad d tbis
E ~no*t~ge, thea tLi~ mortgage ~nd ths estste ~y ei+oated ~all oeaee and be nnll toid.
The Mort~oc further ooveoaata as fdlowa:
l. Thst he will psy the indebtedneea, aa ~nbefa+e provided. Prin`kge ie reeee~ved to P~'~?Y ~~Y ~i
without premium or fee~ tbe entire iadeb
~ ar aay part t6ereof no~ lees tLsn tLe amount af a?e ioe~allroeut, ot
one hundred dollare (i100.00), whicheve~ ~s .
2. In order more fully to protect the security of this mortgage,- the Mortgagor, together ~vith snd m
sddition to, the monthl~ pa~-menta under the terms of the nqte secured hereby oh the first dsy of eac~ month
until the said note is fu1l~ paid, will pay to the Mortgagee, as ttustee, (undec t~e terms of this trus6 as herein-
afLer stated) the followu~g auma: ~
(s) A eum equal to the ground reats, if aay, ne~ct due, plus tbe preminms the~t w~l neut beoame due aad psyabb
an policies ot fire and other ha:ard insuranoe ooveruig the tnort6~B~ P~'~P~~Y P~ taxes and aeeeesmenta
neat due an the mort886~ WnP~Y ~all as estimst,ed by tl~e Mort~gee an~ a~ which the Mortgagor is
noti6ed) lees all ums al~+esdy p~id t6eid~ divided by the nuanb~ af months to e~s~ee before oae month
priot to tLe dste whea such ~round ~+eate, pr~miums, ~ tvicee, aad aeeeeemente will Leoome ddinquent,
such sume to be Leld by Mort6a~eeintrasttop~y~id~+oundrmta,prennivms.t~u~es,aad~e~alaaeeeements.
ecu
(b) The ag~egate uf tLe amounte ps purauaat to subpara~rsph aad tboeepa an t6e nate ~ecured
bereby, tl~ll be pa~d in a an~-payment eaeh mantb, to be app~ied to the f it~aos m 1he oz~det
stste~.
(A ~d rmta, t+?:es, aeeeeements, 5rq and otLe~ Lwu+d insurstlos preanium~i .
(II) iateres~ on tbe note ~ecnred hereb~; and
(IIn aanoctisstian at tLe p3incipal et nid note.
Any deficiency in the smount oi snch monthly ~yment sLall, ndees made ~ood by the Mort~•
gagor prar w tLe due date ot tha neat au~psent~ oonawtutie aa event of default under tLia mor~
At Mortgagee's optaon, Mo~r ~viU pay. a"Lte charge" noti euoeeding four per centum (4%) oi any u~s
ment when pud more tL~n iteen (15) d~?~rs atter the due dste tLereof f~o ouver the ~t~ra eupense inoolved in
Landling delinquen6 psyauents, but suc6 `lat~e cLuge" shall not be p~yable out oi tha proceeds oi any sale
msde to satiafy tbe indebt~dness ~ecured hereby~ udees wch prooeeds are wfficient i~o d~ec~a~ the entir~
indebtednees and all pmper ooats and exp~.nsee oecured tLereby.
3. It the total of tlie psyments made by the Mortgsgor under (a) o[ peragraph 2 preceding shall exceed
the smount ot ps~
menta i?ctually made by the Mortgsgee~ aa trnstee for ground rents, tsae.s ~?nd asseesmenta,
and insursnce prnmiums, as tlie case may be, such eacees sliall be et+e~it~ed on subsequent payments to be msde
b~ tl?e Mortgagor for aucL itema ar, st Mortgagee's option, as trustee, shall be re[unded to Mortgagor. Ii,
ho~vever, sueh n~onthlp vmenes shall not be snfficient to pay such items ~vhen the wna shall beoome dus
v
s~dpa able, then ~he oi~tgagor shsll psy to Lhe Mortgagee, as truatee, sny, snwunt n~ to make np
the~ d~cienc~. Such ps~-ment al~all be made ~vithiu ehirty (30) davs siter wntten notice from e Mortgsgee
s~ating tLe am~ount d tbo deficie~ay, wLich notios ma~ bs gi~ea b~ ms~. It at aa~ tims i6e Mortgagar ~11
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