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HomeMy WebLinkAbout2307 ' ~ _ ~ TLs Mortgagor Lereb~ oovansnb with tLe Mortgage~, thst he ie indefeiuu'b~ se~zed oi Mid lwd ia ies ; ~mpla or such oLher estste ~t~say as is s`ated he~ein; that he has tull power and la ul,righti ta convev the sams ~ as ~?toree~id; th~t tha laud is ired ~rom sll encumbranoes eacoept ss heraia ot~erwise secited; tLati said~ortgsgos ~ will make such liuthec ~e~sunu~oes to prove tbe ~ioresaid tatle to wid Isad in ~sid Mortgages ~s my be re~eoa- i ab requirod, and that eaid Mortgagor doe~ 6ereb~ i~ ~?~rr~nti ti?e titla to ssid lsad, and eva~ par6 thereot, ~ ~ailt dsfend the wna againsi the 4wtu1 claims oi pei~eom whomsosver. ? PR01/IDED ALw~ss tLat if the Ibio~tgag~o~r s6all pq nnt4 tbe Mottga~ee tLat ostt~in p~'omiwor~ note, oi w~ ~i~~ ~pJ~ ~ Port St. Lucie i ~ i 31250.00 November 15 ~1~74. Fot Vi~.vs ~csnrsq, tLs nndecipred promi~ete) io F~y t~o Southeastern Home Mortgage Company , s ooepoc~?ttan a~an~~ed ~n~d eods~ undee tLs Lws atthe State of Florida , a ade~, tbs pdnctpal ~nm ot Thi.rty-One Thousand, T~ro Hundred Fifty and-------------------NO/100Dd~ 31250.00--a, ~ ~ ~ ti,s rute ct Nine and One Half P~ (9 L 2%) P~ ~ a? ~~P~id b~os.until P~id. 73e s~id p~ia~p~l aad;nt~ree~ ~haII be pyrab~e at the o~ve ot Southeastern Home Mortgage Company P. 0. Box 1057 3~Altamonte Springs , Florida ~ °i' ~ a'~' °~'~~~,e~Six ~wo~~ ~ ~ ddivered or msiled ~o the clebtor, in monthty ~ts of an~-------------~---- 8I 1 0~~'° i t= 2 6 2. 81-- CO~e°cin~ °n tbe first a'i ~ January ~ 197 5.~~~~ ar~ ; Srst dsy of eacb month thereaiter unt~ thie note i8 fuIly psid~ exaept tLsty ii not sooner~pud, the Snal ~?yment i oi principal and interest ahall be due snd psysble on the fiist day of December ~ 2004 , ' ~ privileae ie reserved to prepay at any time, ~?it~out premium or fee the entire indebtednees or sny part ~ thereof notlees tLan the a~onount of one u~stallment, or one Lundred dol~srs (i10U.00), ~vLichaver is lees. ; If sny deficiency in tLe payment of sny installment under thia note ie not mede good prior to tLe due dste ~ of the next auch inatsllment, the entire principal sum sad accr~ed interest shall et onoe beoome due_and psy sble without notioe et the optaon of the holder of thia note. Failure to ~emiee t~a option shall ~t oonst~,tuts s~vaiver of the right to euem,~se the eame in the event oi anp subeequent defaul~ In the event of de~ault ia the pspment of thia note, and if the esme ie colle,eted by an sttorney at Lw, the ~de~ hereby agree(s) t~O psy ~Il oosts oi oollection~ including a reasonabla attorney'e iee. Thia note is oecured by mo of even date~ ezecuted by the undereigned an cert~ain propert~ deecn'bed tberein and rep~reeents money ac~o~y ~~sed ior t~W~ aoquisitioa oi ~id proparftiy ~or the improramenis tbereon. Preeentwant, protest~ ~ad not~oe are Lereb~ w~ived. ~ " . /s/Michael E. -Lewis ~ ~~;1 - t ichael E. Lewis ~ /s/Beatrice L. Lewis ~ ~ /t/Beatrice L. Lewis ~ Isenti] ~ I; And shall dnl~j?, PromPttY~ and ful1Y P~~, ~ecnte, e5ect, eomplete, and ~ompty with and abids E mo th~ th~s' mortgage~ind~tbe e~be~y~crested~shall ~ be nuli d- ra~ note ~nd af this ~ T6e Mortgagor furt6er ooveasate a8 follo~vs: ~ 1. ZLst he ~villp ay the indebtedness, a8 Lereinbefore provided. Privi'i~e~e is reeerved to prepsy st aaY without prem~ium or fee, the eatire indebtednees or aay part tbereot not leee than the amount d ane installmeat, oe aoa Lunclred dollara (i100.00), whicbever ia lees. 2. In order more f~illy to pmtect the securitp o[ thia mortgage,' the Mortgagor, together ~vith and in iddition to, the monthlf pay~rr?enta under the terms of the note eecured hereby on f,he first dap of esc~.month until the said note is fully pa~d~, will pay to the Mortgagee, ~s trustee, (under t~e terms ot this trus~ as herein- t?tLer a4ated) the following euma: - (s) A sum equal to the ~ouad rente~ if any, ne:t due, ~ua the premiams thst w~l nent beoome due aad PaY+~~ an policies d fire aad other b~ard insuranoe oovermg the mortga6ed PR'oP~Y P;us ta:es snd aseessments ne~t due on tLe mort8~ P~Y (+~11 ae estimsted by the Moctgngee an~ ot which the Mortgagor is notified) lees ali eums alresd~ paid ~~r divided by the number of manthe to ~ before one mo~t6 prior to tLe dste ~rhea ~nch ground rents, P~~, ~ea. aad aeeeeementa ieoome delinquent, ~nch eums to be held by Mortp~eeintn~ttopay~dge~oundreate,premiums,taues,aadapecialae~eeesmeats. (b) The ag~+e~ste at tbe amounts pa pureuunt to subpar~graph (s) aad thaeeps on tbe note eecured ereby, the~l be pwl ia a~p~ymeat eueh month, to be spplied W the f~ itenos in fbe ordec ~rsted• m~nd reate, ta~, a~eeeemeate, ~+e, aad otber hwe+d 'meuraaoe prenniumsi (In intereat on the nQte recnned Lereb7; ~ (IIn amorti~atiaa ot tbe piincip~l at ~d note. Any.deficiency in the unount of sucL~gr~gs te montLly ~syment ~all, nnlees made good by the Mort- ~ aagor pnor to tLe due date of the next such pay-menL, oonst~6ute an event of defauli under thia mortgage. dt Mortgagee'e option, Mottgsgor w?iU psy. s"lste chsrge" not ~exedin~g four pez centum (4%) of sny insc.all- ; menti ~vhenps id more tLaa fifteea (ib) days atter t6e dus date tLereof to oooer the eactes e~cpense involved in { ~ hsndling delinquant ~sqnn$nts, but such "lste charge" dull not be psyable out oi the proceeds o( any sale made to sstisiy tbe mdebtedneee ~ecured hereby, unleas 4uch proceed~s are su$'icient to djscL~rge Lhe entire ( indebtednees and all proper costa snd e:pe~ea ~ecured thereby. ; 3. It the total o! tlie psyinents msde by• tJ~e Mortgagor under (s) otparag~ph 2 preced'~ng aball exceed ~ the amount ot parmente actuallv made b~ the Mottgagee, as truatee, !or ground renta, taxe.s and assessrnents, ~ ~?nd insurance premiums, as the caee msy be, such exceas sl;all be credited on subsequent payments to be made ; b~ tl~e ~Iort gagor for auch items vr, -st Mortgagee'a option, as t~oatee, shsll bc~ retunded to Mortgagor. If, ~ however, su~h nwnthly~psvmenta ehsll noL be suH'icienti to pas snch items ~vhen the same ahall become dqe s~d -able, then t.he Mortgsgor shaU psp to the Mortgagee~ as truetee, sny smount nece~ary to make up th~ ~~caene~. SucL pe?«nent sl~all be made wit~hia thirty (30) davs sfter written noticx from the Mortgsgee rtating tbe ~noun~ af t~ de~ficie~ay, w~Lich not~ca may bs gi~en by ma7. Ii ~~a~ i~ms the Mortg~gar sball ~ ' ~ , sc~o~ 233 Faci ~~5 ~ , ~ ~ ~r _ 4.~~~._ r ~ ~f~~.~~ ~ _ _ , i ~ ~ w ~ ~ ~ . . _ _