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Home My WebLink About0330 • . The Morlg+~ur her~eby covennat.s wilh the Mortgaget~, that he ia indeieayibly seized o! said land in fee simple or such other eatates J any ss ia at~t.ed herein; that he has f ull pow or and lawtul right to ooovev ~ho sxme ~s sfares~id; ~heL lhe lend ia iree ~rom sll eacumbrauces wccept as hare~n otherwise recit,ed; lLat suid~iortgagoe will meke such further aesurances to provo the aforesaid title to said land in said Mortgegee as may be re~?son- ~ ablyrequired~ and Lhat, said Mort{~a~or does hcreby lully werrant the title b said lend~ and every psrt W~ereot~ and will deiend I,he same ageins~ t,he lawiul claima of all persons whuu~soever. Paovio~u ALw~vs thst it the :~io~tgagor ah~ll pay unto the Mortgagee thst ceetain promiasory aote, oi ~vhich t,he following is a substsntial coPf~ to wit: = 23, 450. 00 ~ Fort Yierce , Florids. September .19 7ts. FOR VALUB RSC6lVED~ t6e uadersigned promi9e(s) to pay to ~r? Lorws & x~*rL~ r1 cor~~rnr , a corporation orgaai~d and existing under the la~vs of ~tate of Connecticut . or order~ the principal sum of~,~j~y TN(x3SAt?D F~UR Fi[1NDRID AND FIFTY AND N0~1(X~--------------------Dollars (i ~3~450.00 with iatecest from date at the rate of rIINE & ONE HALF pei' centura ( gl: per annum on the unpaid balanoe until paid. The said principal and interest ahall be payable at the o~'ice of The Lomas & Nettleton CompAr~Y P. 0. Box 9~+ ~ Virginifl Bench~ VirginiA 23k51 , or at such other place as the holder may deaignate in writ6ng delivere~l or mailed to the debtor, in monthly installments of p~ R'INFTY SFVF.N & k5 ~97.45 commencing on the 6rst day of plpvember , 19 ~2i ~ snd oontinuing on the firat dsy of each month thereatter until this note is fully paid, except that~ if not eooner paid, the final payment of princapal and interest shall be due and payeble on the firat day oi gept~,~;bel '?~04 ' privijege ia reserved to prepay st any time, without premium or fee, t~e entue mdebtedneas or any part thereof not less Wan the amouat ot cne instaUment. or one hundred dollus (5100.00), whichever is less. Prepayment in [uli shall be credited on the date teceived. Putia! prepayment, other than on an Instaliment due date, need not be credited until t6e next following installment due date or thirty days after such prepayment, vvhichever is eulier. If sny deficiency in the payment of any installment under this note is not msde good prior to the due date of the neat such instaWnent, the entue principal sum and accrued intereat ahall at once become due and ~ay- able without notice at the option ot the holder ot this note. Failure to exercise this option ahall not oonstatute e waivar of the right Lo exercise the same in the event of any subsequent defsult. In the event of detault in the payment of this note, and if the same ia collected by an attorney at law, the undersigned herebp agree(s) to pay all costs of collection, including s reasonable attomey's fee. This note ia secured by mortgage oi even date ea~ecuted by the underaigned on «~rrtain property described themin and represents money actually used for the acquisition of satd property or the impmvementa thereon. Presentment, protest. and notice are hereby waived. ~~~(',prR~ T ee Rhod n [SEAL] GE'.T2Ai~ LEE RHOT`FIC ~ s~.P_a-t t V e_ Rt, nr~ Pn [SEALI PAT'~'Y A. RH~L'L73 . . - [s~'?LJ - [~L] ~ And shall duly~ prompLly, and fully perform, discharge, execute, ePfect, complete, and comply with and abide ~ by each and every the stipulations, agreements, conditions~ and covenants of said promissory note and ot this mortgage, then this mortgage and the estate hereby c~+eated shall cease and be null and void. ~ The Mortgagor further covenants as follows: - 1. 1'hat he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without premium or fee~ the entire indebtednes4 or any part thereof not less than the amount of one u~stallment~ or one huadred dollars (i100.00), whichever is less. 2. In or~ler inorn fuilr to prote~t th~~ ~t•~•urit~• of t)~is n?ort~:s~;~•, ih~• ~Iort~;fl#~or, together with, anct in ~ a~l~lition to, th~ monthl~- pa~-nients uncierth~• tc~nns of t}«• ne~tE~ ~~~~•urrd h~•re}?~-, o~~ tlu• fitst cta~• of ~~a~h uiontle until the suid nc~t~• is full~• pui~l, hill pu~- Io th~~ ~tort~:a~.•c~~~, ns tru~te~~~, (un~l~r th~~ ti•rn?s ~it this trast eis h~•rein- aft~~r state~il th~~ f~illo~ciu~; ~uu?s: (a) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and payable on policies of fire and other hazard insurance covering the mortRaged property~ plus taxes and assessments ~ next d~e on the mortgaged property (all as estimated by the :~iortgagee and of which the riortgagor is noti6ed) less all sums already pa~d therefor divided by the number of months to elapse before one month prior to the date when such ground rents~ premiums, taxes, and assessments will become delinquent, such sums to be held by Mortgageeintrusttopaysaidgroundrents,premiums,taxes,andspecialassessments. (b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the note secured hereby, shall be paid in a single payment each month, to be appl~ed to the folloR-ing items in the order statecl ~j~ g~ound rents, taxes, assessments, fire, and ot6er hazsrd insurance premiums; ~ (lI) interest on the note secured hereby; and (III) amortization of the principal of said note. ~ Any deficiency in the amount of such ag~re~ate monthlv payment shall, unless made good by the Mort- 5._, ~ gagor prior to 1.he due date ot the next such pa~•ment, const~tute an c~ ent of default under this mortgage. At Mo ee's o tion Mortp or will a• a"late cha e" not exceedin four er centum 4) of an - install- ti, ment he~paid more ~t6an h~ft~ecn (15) d js after the d date thcreof tgo cover the extra expense involved in ~ handling delinquent ~avments, but such "late charge" shall not be pa~able out of the proceeds of an} sale ~ made to satisfy t6e ~nc~ebtedness secured hereby, unles.c such prceeeds are su{i'icient Lo discharge the entire indebtedness and all proper costs and expenses securecl thereby. ~ 3. If th~ ~otal of ih~• pu~-~u~~ut• tna~l~• h~- th~• ~lort~:~~;or un~l~•r (t~) ~?f psu-u~;ruNh 2 pr~•c•e~din~? shall ~xcced ~ the nniount ~~f pu~-nu~nt, artu~ll~• miul~• h~- tiu~ ~Iort~;u~;~~~•, as iru~t~~~~. f~~r t?roumi n•nts, tuxc~s un~l ass~~~.cments, and insuran~•~~ pr~•iniurn,, u, th~~ ~•a~~ mu)-~tx•. suc•h ~~xcess sl?all i~ ~•re~liir~i <?n suin~~quent pa~-tn~~nts to be made ~ b}• th~• ~tortku~;~~r fur sw•h it~•rus c?r, ut ~[ortgaK~c's oplion, trustc~~, ~hall be r~•fwidcd to ~iortgag;or. If, howev~~r, su~h n?onthl~- pa~-nu•nts ,h~ll n~~t IK~ ~uffi~•i~nt to pu~- ,~~~•h it~•in, H•hrn th~~ san?e shall beconte due anci pu~•able, tti~n tlu~ ~fort}:.~~;or ~I~:~II pa}- ih~~ ~1ori~a~;~•~•. u: tru,te~~. an~• u~uottnt ne~•~~sar~ to make up th~ de~i~~iem~~-. tiurh pa~-~n~•nt shall b~• ~ua~l~• N-ithin thirtr (:i11) da~•~ u(t~r ~~-ritten notii•~ from tl?e ~lortgagee stating the amount of the deficienc~-, ~~-6ich notic~ may be gi G r~ bv msil. lf at any time the Mortgagor ehall ao~c p~f ~ ~ ~ ~ , : •~w- ~ , - ~ ~ ~~M $ ~ : ~ ~ ~ ; > _ , x~ x,s~ F. . ~'x~._~ ' ~