The URL can be used to link to this page

Home My WebLink About0966 The Niortgagor hereby covenaats wit~h the Mort~a~eP, t6at he ia indelea~ibl seized di xaid land in fee simple or auch ot.her estatet J any es is~ atal.ed Aerein; that, he hss [ull power and le~ul right to coDvev the sarae ss ~toreaaid; 4he~ the land ~s iree ~rom e?ll encumbraaces excapt as hcrein othetwisA recif,ed; that saidlVlortgagor •~vi11 mulce such further ~ssursnces to provo tl~e aforesaid Wtle to said land in said Mortgsgee ua may be rexson-- sblyrequi~ed~ and th~t said Mortgagor does heseby fuUy wsr»nt the ~itle to said land~ and every part 1.hereoi, aud ~vill defend the eeme ~gs?ns~ ~he lawful claima oi all persoaa whomAOever. PaoviDSU ALw~YS that if the I~ioctgagor ahall psy unto the Mortgagee th~t certain Promieeon' a°te, oi which t,6e following is a aubstsntial ooPS~ to wit: Florida. ~ = 27,350.00 , . Fort Pierce . July 30, , 19 74. r___»'_., ..w.L.~e:swoa ~~nmim~A~ ~f I1dV ZO ^ ~ -~i ' - - - - -..::G, c::~~~c---- V7 i ALvaa iavr~. a...~ --v--- - r J. T. S'1'EWART MORTGAGE COMPANY~ INC~ s oorporation organised and existing under the = lawa of the State of Floric~a . or order~ the princiPal sum o~i'Y SEVEN TfiOUSAND TfiREE HUR'DRID AND FIF'rY AND i~TO/100------------- Dollars (i 27, 350.00 with interest from date at ~ the rate of ----11IN8-------------- per oentum ( 9 Per anz?um on the unpaid balance untal paid. ~ The said principal and interest shall be p~?Yable at the office of J. T. STEWART MORTGAGE COtQPANY~ INC. P. o. Box 1309 in Coral Gables, Florida , or at such other pl~ as the holder may designs?te in writing delivered or mailed to the debtor, in monthly installmenta o(~+~p ~~gEp and 17~1 p.p--- DO~ ~i?20.~7 commencing on the first dsy of Septe ber~r T~4 , and confanuuig on the firat ds , oi each month thereafter uatil this note is fullp paid~ eacept that, if not sooner paid, the final psyment p~ 3•~..=a,~_~ ske~~ g.~~ n~4~h~~ nn t.6~ fi~t dav oi ~,~~,~t .?nnt~ • OI pl'lAC1~1u~ auu ia~ocaw oaa~. r-a-- ro-- privilege ia reserved to prepay at any time~ without premium or fee. the entu~e indebtednees or any psrt tbereot not Iess than the amouat o[ one iastallment, or one dundred do1lars (=100•00). wh~chever is less. YrepaYment in full shal[ be credited on t6e date rece~ved• Pattial P~P~Y~~t, other thm oa m installment due date, need not be credited until the ne~ct fdlowiag installment due date or thtrty days atter such prePaYment, whicherer is euiler. If any deficiency in the paym ent of any inat~illment under this note is not made good prior to the due date of the nezt suc6 installmenti, the entire pru?ciPal sum and accrded interest ehall et once become due snd Fay- able without notice at the option of the holder of this note. Failure to exercise thia option shall not oonstatute s waiver of the right Lo eaercise the same in the event of any subeequent defsul~ In the event of default in the paymenL of this note, and if the same is collected by an attorney at law, the undersigned hereby agree(s) to pay all oosta of collection. including a reasonable attorney's fee. Thia note ia secured by mortgage of even date executed by lhe nndersigned on certain property described therein and representa money actually used for the acquisition of eaid pmperty or the improvemente thereon- presentment, pmteat. and noticr?, are hereby waived. . ~ / a - ~ L - ~r r - SCI~- ~.~.AL~ AR'I'IitJR I. LARSEN '~s~t~Y . _ - - CHRISTINE A. LARSEN _ [SE~LI ~ [s~] ~ And shaU duly, pmmptly, and fully perform, discharge, execute, etfect, complete, and comply with and abide by each and every the stip ~t d th~e e~.st~te hereb ~ereated shall ceageeand tbe null and o~ry note and of this mortgage, then this mortgage Y 1'he Mortgagor turther oovenants as follows: ~ 1. That he will paY the indebtedness, as hereinbefore provided. Privilege is reserved to P~PaY at any time, without premium or fee, the entire indebtedness or any part thereof not less than the amount of ane installment, or ~ one hundred dollars (i100.00), whichever is less. 2. !n cirder more !u!!~• tc~ protec•t !h~• ~~~~•uri~~' of thi.ti niort~a;C~•, the \Iort~a~or, together with, ancl in u~ldilion to, tl~~ monthl~- pa~•nients uncler th~ ternis of tLe note~ s~~~•ure~l h~•rcl?~-. on ttu~ hnt da~• ai ~•ach monti? uuti! tl~e suid not~~ is full~• puid, ~+ill pa}• to th~• ~lort~a~:~•e, as tru.ctee. (un~l~r th~~ t~•rn4s of this trust us herein- a[ter statrcl) thr (u11oH-in~ sums: (a) A sum equal to the ground rents, if aay, next due, plus the premiums that will nex lus~taxes and~asses~.sments on policies of fire and other hasard 'msurance ooveru~g the mortgaged~pmperty, p next due on the mortgaged properEy (all as estimated by the Mortgagee and of which the Mortgagor is notiSed) less all sums alreadY Paid therefor divided by the number of months to elapse before one month ~ prior to the date when such ground cents, premiums, taxes, and es~essments will become delinquent, suc6 sumsto be held by Mortgageeu?tnisttopaysaidgroundrents~premiums,taxes,andspecislassessments. (b) The aggregate of the amounta paynble pursuant to subparagraph (a) and those payahle on the note secured ~ hereby~ ahall be paid in s single payment each month, to be appl~ed to the following items in the order ~ state~I (I) ground rents, taxes, assessmente, fire, and other hazard insurance premiums; ~ (II) inter~t on the note secured hereby; and (III) amortization of the principal of said note. ~ Any deficiency in the amount of such aggre~ate monthly psyment shall, unless made good by the ;~4or~ gagor prjor to the due date ot the next such pa~~ment, c.onst~tut$ an e~ ent of detault under this mortgage. At Mortgagee's option, Mortgagor wiil pay a"late charge" not exceerling four per centum (4%) of an~ install- ~ ment when paid more than 6ftecn (15) days atter the due date thereof to cover the e~ctra expense involved in ~ handling delinquent ~aymeats, but such "late charge" shall not be payable out o[ the proceeds of any sale ~:r-; made to satisty the mdebtedness secured hereby, wiless sach proceeds are suf#~icient to discharge the entire indebtednesa and all proper costs and expenses secureci thereby. :3. If t6~ totel of th~• pa~'n~~•nt~ inn~i~• 1?~- thc~ ~torikugor un~l~•r (a) ~f paru~?ruph 2 pr~~rrdin~ shall exceed ~ ti?e a~nount of pa~-m~rits a~•tuull~- n~a~i~ f~~- tlu~ ~1ort~;u~~•~•. a.s truste~~. (or ~rou~ul ri~nts, taxc5 s~nd usses.~ments, and insurani•e pmniiu~ns, us thi• e•u.s~~ ~nu~~tx~. surh e!ccc~ss shnll ix• emdit~~~l on sul?~~~quent pa~•ments to be niade b~• the ~tortKut;ur for su~~h iten~s or af~'tartgag~~'s option, 14S truste~~, shall t~e r~~funded to ~tortgsgor. If, ~ how~ver, such iuonthl~• pu~-n~c~nfs shall imt Irr ~uBi~•i~nt to pu~- cu~~h iteni, when the same shall become due and pa~•able, then th~ ~tortku~;or shall pn~• to.th~~ ~lort~u~?~~i•. us Iruatec~. au~• uniouut necea,ar~ to make up t}ie de~icienc~•. tiuc~l~ pa~•ni~nt shull tm iua~l~• H•iti~in tl?irt}- 1':t0) cln~-c ufter ~tiritten notice from t1~e Mortgagee ~ti'~; ststing the amount of the deficienc~•, w•l~ich noticP ma~ be ~i~ en by mail. lf at any time the Mortgagor. shall ' ~ ~OCtI ~ L~ ~ - - ~ _ ~ ~ . . - ~ _ . ~