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Home My WebLink About0838 ~ The Mortgagor hereb~ ooveaanta witb ~he Mortgngee, tha~ he is indefeasib~j? sei~d ot eaid land ia tes i~pIe or euch o~hec est~t~e~ d a?ny as is st~ted hereia; tha~ he hae tull power and lawiul rigbti Lo coavev the swme as ~tonsaid; th~t tbe land is iree from all encumbrsnoes ezoept w herein otherwise reci~ed; th~ti said~iostg~gor ~viU make suoh further aesuranoes to prove t~e atoreeaid title ta e~id lwd in esid Mortgagee as m~y be re+~eon ab~j req uired, ~nd Wuti eaid Mortg~gor does hereby i~ warran` the uNe to said land, and every p~rt thereot~ ~d will defead the saate ~gainat t~he bwiul cLim~ ot perrons ~vhon?soever. PAOYIDSD AL~IATS ~Lit l~ 1~IA MOi~O! Bl1aII j1~ 11IIt0 ~0 MOrt$Y~~A ~liti OAi~ln P~'OID1~OrY 110~~ oi wWch ihe following is s substaaLisl ooPT. to wt~: i?8, 200.00 Fbrt Pierce , ~7orids. October 30 ~~19 7k. Fon Vu.vs Rscscvsa, t6e unde~ed Promise(s) to PR1' ~ ~ ' THS IAMAS dc NTTt'LE'1~ONGOMPANY ' .r. . , s~rporation or~ni~ed uad esistins uader tbe Isws d the State of Connecticut or order, ~ P~~P~ ~m ~ZUiTT:TY-TIGHT TH4USA'a T4~0 HUI~IDFtED and-----------------------no~l tXl~*~ 28~ 2^0. C~0 ~vith intereei from dste st tLe tsta ot I1II~ & ONS H~1LF P~ ( gl P~ annum on t6e unpe~id batanoe until paid. ~~id p~iappai snd intereet ehsU be psysble at the o~oe o`I Lpnas 8e Nettteton Compa~y Post Offi~e Box 964 ~ Virginia Beach, Virginia 23451 . at sue6 o~her pinoe aa the halder msy deeig~nste in writing delivered ar mWed to the debtor, in month7y uistallments o! TV+1l~ ftiJl'1DRID TfiIR'I'Y-SEVRN & 44f 10~11~ (i 237•4~+ ~mmencing on the 6rst day ot pecember , 19 7~ , and oantinuina oa tbe 6rst day oi each month thereaiter unt~ tbia note is tully paid, ezcept tLst~ if not sooner paid, t6e final psyanea~ oi principsl and inLerest ahsU be due and payoble oa tLe first dey of October , 200~ • privileQe is reserved to prep~?y st aqy time. witLout premiwn ar tee. the entire indebtednees or sny part ' then.wf not less t6m the amount ot one instaltmeut, or oae 6uadced dollus (i100.00), ~r6ecbe~er i~ less. YrepaYmeat in fuU d~all be credited on the date recei~red. Putial prepayment, other than on an iastallmeat due date, aeed not be credited until the nent foUowin~ instaliment due date or t6idy days aftez such ptepaymeat, whichev~er ic eariier. - . If a~Y deficieaay in the pe~ment of aay inatallment uader thia note ia not made gnod prior W the due date of fhe neat such inat~llmen~, t~he entire princiPal sua? snd sccrned iaterest a6sll st oace beoome due and psy- sble ~vithout notica st the option of the bolder of tbia note. Failure to ezercise this option ~hall not oonatatute s wsiver of .the right to ezercise t6e asme in tLe event of any subeequent defaul~. In the even6 oi defeult in the payanent of this note, and if the esme is uollected by sn attorney st larv, tLe nndersigned hereby agree(s) to pay all ooets of oollection, including a reasonable sLtorney'8 fee. This note is eecured by mortgsge of even dste execnted by t6e undaraigned on eertain property deacribed thecein and repreeente money actusUy used for the scquisition of said pmperty or t6e improvemente Lhareon. preeeatment, protest, and notice are hereby waived. 1~~~'-#c1]Q11Y T aZ'r'v At'.: i sann [$$Ay] ~ A.*1Tfi0NY LARRY ATIKISSON ~~RPVPrI~ ~ _ j~}tI'i SSGIIi [~i+~ _ ~FERLY S. ATIKISSON ~ - - [8Sl?L] [SSAL] ~ And shall duly, P~PuY, ~d fully pedorm, discharge, execute, eSect~ oomplete, aad comply with and abide I by each and ever}? the stipulations, a~eements, conditiona, and covenants of said promissory note and d thia mortgage, then t6~s mortgage and the estate her~bq created s6all oease and be null and void. The Mortgagor further covenaats as foiio~vs: 1. 1'bst he will pay the indebtedness, ss hereinbefore provided. Privilege is-i+eserved to prepay at any time, arithout premium or fee~ the entire indebtedness or auy part thereof not leas than the amount of one installment~ or ~ one.hundred dollars (i100.00), ~rhichever ia less. 2. In order morn full~ to protect the securit)' of t_his ~uortg~~, tlie ~4ortgagor, togetl?er with, and in addition to, the monthl~ pa~ ments under the terms of the note secured hereb~•, on the first da~ of each tnonth until tl?e sa'rci not~ is fullr paid, will pa~• to the ~iort~agee, as trustee, (under tl?e ternis o( this trust as herein- a[ter statecl) the following sw~is: (s) A sum equal to the ground renta, if any, neat due, plus the pretniuma that ~rill next become due and payable on policies ot fire and other hasard inaursace covering the mortKaB~ P~P~Y, Plus taxes and assessmenta nezt due on the mort$aged property (a11 aa estimeted by the Mortgagee and of whieh the Mortgagor is noti&ed) lesa all sums already ~id therEfor divided by the number of months to elspee before one month prior to t~ date wben such ground reats, premiutns, taxes, and ssBessmenta will beoome delinquent, such sums to be held by Mortga~eemtrusttopaysaidgroundrents,premiums,taxes,sndSpecials~nents. (b) 'I`he a~?te of the amau?ts payable pursuant to subparagra~ph (a) and thoeepayable ~~he note Recured bereLy, eba11 be p~d in a smgle pa?yment each manth, to be sppLed to the following items in fhe or~r stated (n ground re~ts, t~es, asaessmenta, fire, aad other hasard inguraace premiums; G (In interest oa tbe ncte secured hereby; and ~ (IIn amortisstion of the principal oi said note. Any deficiency in t6e amount of such gate monthlp payment shall, unless made good by the Morw gagor pnor to the due date of the next su~ayment, const~tute~aa event of default under this mortgage. At Mortgagee's option, Mortgagor will pay a" ate charge" not exceeding four per centum (4~Jo) of any inscall- ~ ment when paid more thsn fifteen (15) days atter t6e Jue date thereof to cover the eatra expense ~nvolved in hsndling delinquent payments, but such "late charge" shall not be payable out of the proceeds of any sale made to satiafy the indebt~dne,ss ~secured hereby, udess such proceeds ue auff cient to discharge the entire indebtedness sad all pmper coats and expenses secured thereby. 3. if the total of the pa}-n?ents macie b~' the ~'Iortgugor under (a) of para~;raph 2 preceding shall exceed the amount of pa~ments actunlh made b~• t~~Q titort~a~ec, as trustee, for grouncl rents, toxes and as.gessments, and insurance premiu~~~4, a~ tl?e case ~na~= be, such exeess shall bc+ credited on subseyuent pa~ ments to be made bt the '.blortgaRor for su~l~ ite~ns or, ut Mortguge~'s option, ns trustee, si?all be refunded to Mortgagor. If, however, such mont}d~• pa~~mcnts shall not tre sufi'i~•i~nt to pa~- such items whcn the same shall become due and pay•able, then Uie ~iortga~or sl~all pu~ to thc~ :Nortga~e~•, us trustee, an~ an~ount necessar~ to make up the deficiene~. Such pa~-ment shall be msu~e w•ithin thirtr (:~0) cla~~s ufter w-ritten not~ice from the Mortgagee stating t6e amount oi the deficiency, w6ich notice may be given bp mail. If at any time the Mortgsgor shsll 80GK ~~Jt7 WICE ~ , ~ - . _ ~ ~ - " ~ y . . _ _ . . , _ . . . _ s~ . . _ ~