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Home My WebLink About0684 r : _ ' . ~f ~ The Mortgagor hereby ooveneats with the Mortg~ee?. that be is indeiea?.cibly sei~d oi said land in tee ' eimple ar such otber estotet ~t aay ~a ia stated herei~; ~.16 IIA Ilfllt IUU ~OWfSI' ~i1/I ~~Y~UI ~~iL l0 CCaVBV ~ho si?me ~ as atoresaid; thst tLe laad ~s tree ~rom aU epcunabr~nces exoept sa hereui othsrwise rec~ted; t.ha~ said~+tortgagor ~vili wwke such luriber asaurances to pc~va t6e ~to~+essid LitM t~o said Isnd in eaid Mort~agfe ~a may be roasan- ~ ablyrey uiced, and tbrt said Morlgagor Joee hereby ~r~rrud tLe taUe tv si?id land, sad every par~ tliereot~ ~ aad aiU defead tb~+ eame ~gsina~ t~he lawiul claima ot persons wbon~oaves. ! PROYIDSD ALNAYB ~SL l~ l~le A~OH~'~Or 8bA1L ~1~ 1WLO L~ MO11$1g8A OBttit1II p!'OI~i8d0ly ROLe, oi ~ ~vhich tLe foUowing ia ~ aubstaatial ooPS, to wit: , Florida. ~ 33, 4c~o. 00 Fort Pierce ~ August 23 '1974 ' Foa Yw~.us Rscatvso~ t6e undereig~?ed promiae(s) to PiU? to TfiB I~MA~ & ?~'FTTLb~N COMPANY ~ s a~rporstioa organiaed aad e:isting uader t6e bwa otStete of Connec~icut . ~ ~r~ ~ pn°«~ ~1° ~~SAI~ID FC)LTR • ~ with interest ft+om d~te st xu:znxID ArtD rro~loo----------------------- 33, the rste af I~iINE AND O:dE HALF P~ centum ( 91 Per aunum oa t6e unpsid balance uaW paid. 'Tte eaid principal aad interest shaU be payable at the o~'i~ oi ~ LOi~1AS & NSTTLETON COt~ANY Post Office B~x 961+ , or at such other p1soE as the hu:der may designate in-wriLiag ~ Virginia Beach Vir~ ni,a 2~ 51, delivered or mailed to ~e deb`for, ~n mont ly ~nstallineAts of TWO ~~UNL~RID EIG~iTSC ONn & 23/100-~ (i 281.23 commEncin~ on the first dey Qf pctober 1 , 19 7~ , and oontinuing on the first dsy oi each month t6ereaf ter until l,his note is fully paid, excspt thst~ ii ~t aooner psid, the final psyment of principal snd int~erest ahell be due snd payabls on the first dsy of AUC~JST ~ 2~+ • privile~e? ia reserved to prepay st any time~ aniL.twt prc~nium or fee. the entire indebtednees or ~ny ps_rt thereot not less thm the amount of oae installment, or oae huadred dollaes (il~.~)~ ~icdever is less. Yrepayment ia fuU shall be credited on the date received. Putial prepay~t, other tdan oa aa iastallroeat due date; 11EC1I AOt D! C!'CdILCd U[I~lI the aext toUowiug installmeot due date or thirty days a[ter such prepaY~rent, whlcherer is earlier. Ii euny deficiency in the pa~m ent oi any inatallment under tLia note is not msde good prior to tLe due date of the nezt such inatallment, t,he entire princiPal s'.:m and eccrued ~nte,rest; sLsU at once beoome due and ~ay- able vvithout notace a~ the option ot the holder oi this notp,. Failure to ezercise thia option shall not canatatute s waiver of the ri~;Lht to ezercise L6e same ia the event oi any snbeequent defaul~ In the event of deisult in the _ payment uf this note, and if the ssme is coliscted by an sttorney at law, the undersigned hereby agree(s) to psy all ooste of collection, including a reasonable attorney's fee. Thia note ia secured by mortgs~e of even dats eacecuted by the undersigned on oert~ain property described thgrein and represents money actually used for the acquisition of said property or the impruvemente tLereon- - . - Presentment. pmteat. and natice are hereby waived. ! 1~+.~r John ~earney ~sS~?LJ PEI'ER JOIiti isFARPI~Y ~ fes.,a~ Yl1P ~A~P~f [~L] Stflil/i1e~ SVl i1t~aF1i~!\l~l r l - L~J L~J And shatl duly~ promptly, and fully perform, dischsrge, execute, eHect, complete, snd comply with aa3 abide by each and every the stipulations, agreements, conditions, and oovenants of ~d promissory nu:~e and of t6is mortgage, then this mortgage and the estate hereby created shall cease and be null and void. The biortgagor further cnvenants as follows: 1. That he will puy the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedness or any part thereof not less than the amount of ane uistallment, or one hundred dollars (i100.00), whichever is less. 2. In onler ~uore full~ to pmtert the s~curit~~ of this n~ort~;age•~ th.• ~1ortKegor, tagcther Kith, and in addition to, ihe tl~onthl~- pa~'ments wule•r th~ tenns of t)~e note se~rurc~l Le•reb~-, on thr fint dur of each montli until the suid nat~• is full~ paid, NIII PA~' ~O lI1P »Ol'1~II~;M`, as tr~5tee. (und~r th~ tcn~is of this trust as herein- aftrr statecl) tiie following sums: (s) A sum equal to the ground rents, if .any, next due, plus the premiums that will neat become due and payable on policies of Sre and other hazard insurance covering the mor:.Aaged propectY, plus tsaes and a.~ments next due on the mortgaged property (all ss estimated by the Mortgagee and of ~vhich t6e Mortgagor is noti5ed) less all aums already paid therefor divided by the number of months to elapse before one month prior to the date when such ground rents, premiums, taxes, and e~nents will become deiinqueat, such sums to be held by Mortgageeintn~sttopaysaidgroundrents,premiums,ta~ces,andspecislass~nents. - (b) T6e aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the note 4ecured hereby, shall be paid in a single psyment each mozLh, to be appl~ed to the following items in the order stated (I) 6round rents, taxes, essessments, fire, end othe • hasard insurance p:emiuans; (II) interest on the note aecured hereby; and (IIn amortiaation of the principal of said note. Any deficiency in the amount of such a~gre~ate monthly payment shall, unless made good by the Mor~ gagor pr~or W the due dste ot the next~ such Paf ineut, constitute an event of default ucder this mortgege. At Mortgegee's option, Mortoagor will pay a"late cl~arge" not eaceeding four per centum (4°Jo) of any install- ment when paid more than ~[t,een (15) days a(ter the due date thereof to cover Lhe extra expense in~olved in handling delinquent pavments, bvt such "late charge" shalt not be payable out ot the proceeds of any sale made to satisfy the inaebt~ness secured herPby, utiless such ~roceeds are sufficient to d~scharge the entire indebtedneas and all proper costs and expenses secured thereby. 3. T( the tc~tal of th~• pa~'~i~eMs mucl~~ In' thc~ ~1ort~u~;o: und~•r (a) of puraKruph 2 prere~linK sLall exeeed the amount of pa~~menls ar~uall~- n~u~l~• b~- tl~e ~lortk~E~c=, as truste~, k?r ~;roun~i r~~nts, taxc~ and esses.cments, and insurance prnmiun~s, as th~~ ca.s~ mu~ ~be~, surh excess shall t~ r.redite~l on sut,sequeut pa~~~nents to be made b~• the ~1ortKu~?or for su~h it~~ns c~r, ut liortga~FC~'s option, n.g truste~, shall t~ r~fundeJ to tiiortgagor. If, ho~erer, su~l~ monthl~ pu~•m~~nts shull not tM saffi~•i~•nt Io pa~' su~•h ile~ns hh~n the same shall become due and pa~able, then the ~fort~a~:or shall pa~- to th~ ~tort~a~;~~, as ~ruste~•, an~- an~ount c.eressar~ to make up t}i~ de~icienc~-. tiucl? pa~ment s):ull tx~ iuvd!' Nllllttl l~Uri~ (:;0~ IIA~3 ilRPl' Nfl~t!'ll DOLiPC ~t0(Il t~1C ~'IOl'~gBgCC stating the amount of the deficienct , wLich not~ce may ~ven by meil. 1 f at any time the Mortgagor a6a11 ~OOK4V.L PACf ~ - ~ - - - - - _ _ . _ _ ~.y _ _ ~ . . ~ .