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Home My WebLink About0809 • : . . ~a, n The Mortgagor hereby oovenants with t6e Mortgager, thet he indefelsibly seizod of said land in feo eimple or auch ot,her estste; d eny as is atated herein; thet he has tull po~#rer snd lawiul ri~ht to convev the sama as ~foresaid; that the laad is free ~rom all eacumbrances e~ccept ss hereu? otherwisa recit~ed; that said~viortgagor will make such furtLer asaurances to pmve the aforesaid tiLle to ssid lsnd in said Mortgegee us may be reason- ab1yreq uired, snd tha~said Mortgagor does hereby full warrant the tiLle to said land, a?ad evary part theceof~ 0 ~nd will defend the asme ag~inat the lawiul claime o! persona whomsoever. PROYIDBD ALWAYB ~Sti lI t118 ~10~~8gOi B~IYU ~1gy 11IIti0 ~A MOtI~Y$N ~18ti C8t~B1II pI'OII118801~1 AO~~ oi ~vhich Lhe tollowing is a substaatial copf~ to w?t: _ i 34, 000.00 Fort Pierce ,~lorids. May 31 •19 74 . Fos Vet.vs Rscsn?an, che undersigned promise(e) to pay to J. T. 3TEWART MOR'I'GAGE COMPANY~ INC. ~ s oorporation organised and easting nnder the bwa ot the $tate of Florida . or order~ the principal sum of ~~y Fp~t THOUSAI~ID AI~ID NOl100--------------------------------- 34~000.00 with interest from dste at the rate of EIt~iT AND THRSB QUARTERSPei centum (8 3/4%) P~ sunum oa the unpaid balanoe until paid. The said principa! and interest aha11 be payable at t6e o@'ice af J. T. S'1'841ART I~RZY'~AGE OOMPANY~ IBC. 100 MIRACLE MILE ~ ~~A , or at such other plaoE as the holder may designate in writing delivered or mailed to the debtor, in monthly iastallments of ~p ~g~ ~~y_SEVEN AND ~8~10~~ commencin on the first da of , 1 and oontanumg on the (t 267, 58 g r Ju~.y 974 , firat dsy oi each month thereafter until this note is fully paid, except tLat~ if not sooner paid, the final psyment of princ?pal and interest shall be due and payable on the first day of J~e , 200~+ • privi]ege ia reserved to prepay st any time, wit6ouL premium or fee. the entire indebtedness or any part thereot not tess than We amount of oae insWlment, or oae hundred doUars (a100•00), ~vhicbever is less. Yrepayment in full s6all be credited oa the date received. Putial prepayment, other tban on an instaltment due date, need not be credited until the next foUovviag installmeat due date or t6irty days after such prepayment, whichever is earlier. If any deficiency in the payment of any installment under this note is not made good prior to the due date of the neat such installment, the entire principal sum and accrued intereat shall st once become due and pap- able without notice st the opt~on of the holder of tWs note. Failure to exercise this option shall not constatute s waiver of the right to eaercise the same in~the event of any subsequent default. In the event of d~efs~~( ; he . payment of this note, and if the same ia collected by sn attorney st law, the undersigned heteb s to pay all coste of collection~ including a reasonabie attorney's fee. This not,e is secured by mortgag_e of even date executed by the undersigned on certain property described tLerein and representa money actually used ior the acquisition oi said pmperLy or the improvemente thereon. Preesntment, protest, snd noticfs are hereby waived. ~~(+nrin p [~~'1P7 ~ lh~r~trsr S~nl+nnlrta ~$EAL~ CORII~RdE MICf~:LT FORS2'ER ~iNCi~ ~ .~.s~ --P•-~~i~ _ DOAALD J. BF.FIlCCI~ ; - [s~l I (s~r+Ll ~ ; And shall duly, promptly, and fully perform, discharge, execute, effect, complete, and comply with and abide ~ by each and every the st~pulations, agreements, conditions, and covenants of said promissory note and of this ~ mortgage, then this mortgage and the estate 6ereby created a6all c~a9e and be null and void. The Mortgagor further covenants as follows: ~ 1. T6at he will pay the indebtedness, as hereinbefore pmvided. Privilege is reserved to prepay at any time, ~ without premium or fee~ the entire indebtednesg or any part thereoi not less than the amount of or.e u?stallment, or one hundred dollars (i100.00), whichever ia less. 2. In order more full~• to pmtect th~ si~~•urit~- of this niortga~~, the \tortKn~;or, togethcr Hith, and in additiun to, ihe monihl~- pa~•n~ents undcr th~ ter~ns of the note see•umd lic~reb}-, oii th~• first ~ln~- of ~~a~ti montl? until the said not~~ is full~ puid, v?il1 pa~- to the tilort~a~;~e, a.s truste•~, (undcr tiu~ t~rtns of this irust a.s herein- a[t~r statcd) tl~e follow•i~ig sun~s: ~ (s) A sum equal to the ground rents, if any~ next due, plus t6e premiums that will next become due and payable on policies of fire and other haaard insurance covering the mortgaged property, plus taxes and assessmeats next due on the mortgaged property (all ss estimsted by the 14iortgagee and of which the 1liortgagor is notified) less all sums already pa~d therefor divided by the number of months io elapse before one month _ prior to the date when such ground rents~ premiums, taxes, and a.gsessments will become delinquent, such sums to be held by Mortgageeintrusttopaysaidgroundrents,premiums~taxes,andspecialassessments. (b) The aggregate of the amounts payable pu~suant to subparagraph (s) and those payable on the note secured hereby, shall be paid in a single payment each mont6, to be appl~ed to the tollowing if.ems in the order stated: (I) ground rents, taxes, assessmente, fire, and other haaard insurance premiums; ~ (II) interest on the note secured hereby; and ~ (III) amortiaation of the principal of said note. ~ Any deficiency in the smount of such aggre~ate monthly payment shall, unles.g made good by the :~lortr ~ gagor prjor to the due date of the next such pa~ ment, const~tute an event oi default under this mortgage. ~ At ~'Iortgagee's option, Mort~agor will pay a"late charge" not exceeding four per centum (4%) of sny instaU- ment when paid more than ~'fteen (15) davs a(ter the due date thercof to cover the extra expense in~olved in ~ handling delinquent payments, but s~ch "late charge" shall not be payable out of the pra;eeds of any sale ~ made to satisfy the mdebtedness secured hereby, uuless such proceeds are sufficient to d?schar~,e the cntire indebtedness and all proper costs and e~penses secured thereby. ~ ~ 3. (f the total of th~• pa~•n~ents iuu~l~• h~• th~ ~lorika~or un~l~~r (u) of parv~;ruE?h 2 pre~•~~liu~; ,hall ~xceed thc~ u~nount of paruu~nts a~•tuall~~ nr?~I~~ h~- ttie ~1ort~;uRe~•, as truste~•, for ~roun~l r~•nts, ti~u~ und a.~scssn?ents, and insurance pr~~niiwi~s, us th~• ~•as~• mu~~t~, such exe~~ shall b~ ~•r~~lited cro suln~~yuent pa~'im~nts to ix~ n~adc, b~- th~ ~tort~:?~;or for sw•h itc~ns or, ut ~tortKa~~~'s option, us irustc~~, shall b~• n•funded to Llortga~or. If, however, such monihl~~ pa~•m~~nt~ shall not 1?c• ~uffi~•i~•nt to pu~• su~•h items wh~n tli~~ sam~ shull b~con~e du~ and pa~'able, then th~ ~Iort~;a~?or shall pa~- to th~~ ~tort~;a};~~~~. us ttvstec~, nn~- i~n~ount n~~~ws~r~ to n~ake up . x~ the de~ici~nc~-. ~uch pa~~nu~nt shal! !x~ nia~l~• ~~'ithin tl?irt~• (:;0) du~•s ufter writt~n noli~•~~ froin the ~lortgagee stating the amount of the deficienc~ ~ wLich notice may be given trv mail_ I[ at any time the Mortgagor ahall P~ ~07 E~:s :.~:.8 ~ . Y ~ ~,a. - . _ . _ ~ r_k