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Home My WebLink About1964 ~ ~ ~orre.~r b~b~ ~~e.~?tr~ ~ r~,?t ~ ~a~t~~~ ~e~sed oi ~d land in ies imple or sucb otber estute ~f~any as is atsted Le~ein; t~?t Las tull power and ln ul,right to oonvav tha s~ms •s aforesaid; tLst ibe land is ired ~rom ~ll encumbranoes ezoept as hareia otbenvise reated; t6~t said~iortgagor will make such fiuther aesur~noes to pro~?e tLe aforesaid titls to said Lnd ia said Mortgsgee ~a may be re~uson• ab~,yrequired, and thot said Mortgagor does 6ereb~~ warnu0 tbe wt~e to ~sid land, ~nd eve~y p~ tLereot, aDd ~viu defend tLe ~ame sgsinst tbe 4wfu1 cLims oi all pae~o~ wLomwever. ~ 9 P80QIDED AL~YAYB tLtti 1~ ~t8 MOl~~O~' i}l~ ~ly 11IIti0 ~~86 OOt~D ~0~1B90~1~ ~0~ 0~ wLich tba iolbwi~ag is a wbstaniial ooPJ~ ~o w~: = 30,750.00 Stuart June 10 ~~~74 ~ _ Fo~ Vi~.vs Rscsnso, tLe un~d~ec~ped pe+omLe(~j b p+V to SOUTHERN MORTCAGE ASSOC IATES, INC authorized to do business in the State of Florida Lwa d the State of Arkansas , a a+d~, tbs prtnc~p~i.um ot IRTY T OUSAND SEV~U~ ND ED~ FIFTY AND NO/100-------------------- Doaara (i 30,750.00 wit6 iatereet tmm date st tbe rate ot Ei ght 8 three-fourths pei oeat~m ( 8•75qa pe~ annum cu ths unpaid bal~aoe uatil p.id. Tbe ssid principql.nd intere~d s~.Il be paysbl~ at t6e o~oe vi Southern Mortgage Associates, Inc. , 1999 S.W. 27th Avenue in Mi ami , F1 ori da ~ a' st euch otber PLoe as tbe Ldder n"y de~te i° "'r`tin~ delivered or mailed to the debtor, in monthly installmeats cfTwo Hundred Forty Two & No/100 Dollars 242.00 commencing on the first day of July ,19 74, and oantinttin6 oa tbe firat dsy of esch month thereaiter uatil this note is fuDy paid, eo~oept tLat, ~f not eooa~ec p~id, tLe final psymenL oi principal and interesti shall be due andp4Yable on tLe firet dsy of ~une ~ 2004 pri is reserved to prepay st any time, witiiout premium or fe~ the entire indebtedneee or anp par0 thereof not~less thsn the ~wnount of one inatallment, or one hundred dollars (i100.00), ~rhichever is lesa. If any deficiencp in the payment of sny installment under thia note is not made good prior to the due dste of the neat such inatallment, the entire principal aum a~nd acx,rued interest ahall st once beoome due and j~ay x able without notioe at t~e option of the Lolder of tbia note. F~ilure to Qxercise this o tion ahall not oonstatute s waiver of the right to ea~rcise the same in tLe event of any subeequent deiaul~. In e event of dei~ult in the papment of this note, and if the esme is oollected by an sttornay st Lw, the nn~dersigned hareby sgree(s) to P~Y sll rosts of oollection, including a resaonsble ~ttorney'o fee. 1`his note ia secured by mo of even datq ezecuted by tLe undereigned on oe~tain propat7 deecn'bed tberein and represents money sc~~~y used for tLi~ soquisit~i~ ai swl propert~y~ar ~e improvesn~enis tiho~r~eon. Preeontmen~, protest~ sad notias ars Lereb~ Raived. - ~„f s/ JAMES HICKEY • [~yf ~1/, s! NAZEL A. HICKEY I~?~,] t~1 ; ~a a~n r~p~r. ~ ~nr ~o~, a~,~, ~r~, +~a-e~m~..;~, ~a ~ by esch and ev~? the stipulstiaos, ag~+eemeats, oonditions, and eov~ante of es~d promiseory note and of this no*t~xgP, tDen tWs mortgsge and tbe estste hereby erested shsll oeeee aad be nnll ~nd ~~oid. ~ aK The Mort~or further oovenaat8 aa follows: 1. Thet he ~vill psp t,he indebtednees, as hez+e~nbefa+c provided. Prim'kge is reeerve~ to p~+e~~sY st anY time, without prem~ium oar fee, the r~tire indebtednees ot aay part the:+eof not lees thaa tbe amount af a~e a~stsllmeat, at one hnndred dollara (i100.00), ~vhichever is lesB. ~ 2. In onier n~ore fully to pmtect the security of this mortgage,' the Mortgagor~ together ~vith and in sddition to, the monthl~ pa~-menta under the tet~ns of the note secured hereby, on Lhe first dap of eac~ month uc~til the said note is full~ psid, will pay to the Mortgagee, as truatee, (under the terms of this truat as herein- slter atated) the following sums: (a) A eum equal to the ground rents, if ~?ny, next due, plua the premiwna t~at w~l neut beoome due:ad payable on policies oi 5re and other hsrsrd ineursnce oovuing the mortgaged propertY, Plus taues and aeeessment$ next due on the mortgaged pcoperty (all ae estimsted bY t6e Mortgagee snd ot whic6 the Mortgagor is notiSed) lees a11 eums alc~eady paid there~ot divided by the number ot mantba toe]apee before one month prior to the date whea such ~ound rents, premiume, tases, and aeeeegmente ~vill tieoome delinquent~ wch aama to be held by Mortgageeiatsusttopeyeaid~ndreata,P~~~~,~~a~mente. , (b) The aggregate af tbe amounte ps pura~ant to subparagsph (s) and thoeeps on the note ~ecured pura an = hereby, a6aU be paid ia a dng~e p~i?ymeat esch manth, to be applied W the i iteme in 1he ordat st~t,ed: (n ~d ~'e, ~nd otba b~rd insuranoe premiums; . (In mt~reet ~a the note secured Lereb~; aad (IIn amortisstian af the princip~i af ~aid note. ~ Any deficiency in the smount ot suchaggregste monthly payment shall, nnlees m~da ~ood by the Mort~- gsgor pnor to the due date ai the nax6 suchps pment. oonst~tu~e wn event of default under tbia mort~age. ~ At Mortgagee'a option, Mortgagor w?ill pay. s"14t,e charge" ao6 eacoeeding four pgr centum (4%) of ;ny instsll- ~ ment when paid more than Sfteea (lb) da~ys aitei the due date thereof t~o oover the ~tra eapense involved iq bsndling delinquent p~yments, but such 'Lte chuge" sh~ll not be psyable out of the proc~ds of any sale s4 ~ msde to satisfy the ~ndebt~dnesa ~ecured hereby, unless such pmceeds are sufficient io diecL~rge the entire ~ indebtedness and all pmper costa snd ezpenses secured t6ereby. 3. It tbe total of tlie psyments msde by• the Mortgsgor under (a) ofparagrap1i 2 pr~ceding shall exceEd ~ thR smount o( pa~ ments actnally made b~ the Mortgagee~ as trustee~ !or ground rents, tsxes and asseeaments, ~ and inaurance prnniiums, as the caee may be, such excesa ehall be credited on subsequent payments to be made ~ b~ the Mortgagor !or sucL iteina or~ st Mortgagee's option, ae truatee, shs11 be retunded to Mortg4gor. If, however, eueh ~nonthly~ psymente ahall not be aufficien~ to ~p such itema ~vhen the same shall become dus ard pa -sble, then t~he Mortgagor al?all pav to the Mortgagee, as truatee, sny smount necessary to make up thP d~ciener. Such ps~-ment s}~all be made Rithin thirty (80) dsvs sit.er wntten »otice from the Mortgsges stating tbe amount of t2~e deficienay, ~Lich not~ce m~y be gi~en by ma~. If at aa~ tims ws ~~ortgsgor ~ull ~t ~G~rO iX6f _ -i~, 1^ u',-t~ . . - ~ ~ x ~x ~ v ~.~y ~ 4 ,,.s..`~"~~ .