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Home My WebLink About2925 . . Th~+ Mortgagor henb~ ooveAants with tbe Mortg~gee~, thr?t !is i~ indete~uu,b~y seise~ oi..sald Lnd in fes i ~impla ar suc6 otbe~ est,~te~ ~i ~ny as is st~ted barein; tha6 he La~ tull power aad lsw[ul rigiN~ to o~vev tLe s,~me : as aioree~id; that tLe land ts iree ~rom all oncumbranoes exoep~ a9 ~erein oLherwise recited; t6at s~idMortgsgor , will make suc6 further sesuranoes to pro~e tLe atoreeaid titJe to said land iri s~id Mortgsgee ~?s ma~ be re~n- ab~,yreq uiced, au~d tbat said Mortgagor doee bereby ful! ~n?rrsat the titde to e+ud land~ and aver~ part Eheceot, aad wi11 detend ebe ~ame ~gsiuat t6e lo~riul e4iau oi ~ persons wlwmsoever. PROVIDED ALNATd ~~t lt ule MOl~'f$O! db~U (~y 11IIti0 1~ MOi1~N 1~L Cd~~iln P~'O~O~ Of whic6 the inUowing is a aubsLsatial ooPy~ Lo wtt: , Florids. i 32, 30~. C~0 Fort Pierce Noveraber 21 • 197~+ ' FOR VALUS RECSIVSD~ t~e undeca~?ed Prom~ee~°~ to p~~y t° 'j'~~ ~~S Se ~`~L~~Tl ~A..~ ~ ~ ~ ~ iIId 6~1D~ 11~Ei L~ lawe of t3~e State of Connecticut~ or oMer, the principal sum ot T4iIRTY T4~ THOUSAND THR~ HUNDRED AND-----------------------------NO/1~C~ Dollara ?2, 3~0. 00 wit6 interest irom ds?te st the rate of ~'iINE & ONE AALF per centum ~(91 Per' annum ~on tbe unpeud balanoe until pud. TLe said principal and 'wterest s6all be paysbk at the o~ce ai ~e Lodass & Nettleton Company p. o. Box 964 ~ ia Virginla Beach, Virginia 23~51 , or at such other plaoe ae tbe hdder msy d~ste in writin8 delivered or mailed to t6e debtor, in monthly instatlmenta of ~0 HUND r. S~V~SN'i'Y Ol~ & 9'T~l00Do11are (i 2'Tl. 97 commencing on the srat day of January , 19 75 , and ooatinuing oa the _ Sret dsy of eacL month tnereatter until tbia note is fully paid, eacept that~ if not eooner psid, tLe finsl paymenL af p~Gpal ~,ad interes~ sh~U be due snd payable on the first day of xovem.~er, ~ 20G4 • privilege is reserved to prepay ~?t aay time. without premium or fee. the entice mdebtedneas or any Psrt td~wf not less tban the amount oi one iastdlmeat, or one hundred doWes (i100.00). wfiichever is less. Ytepayment ia fup sAall be credited on t4e date receired. Putisl prepaymen~ other than oa aa i~tallment due dste, need aot be ceedited unW the aeut tdlovviag lnstaUment due date or thirty dsys atter wch ptepayment, whic6ever is eartier. ' Ii any deficiency in the psy ment of any installment under t,his note is not made good prior to the due date of the nest auch instellmen~, th~ entire princiPsl sum snd accrned inLerest ahall at once beoome due snd ~ay- able vrithout notice st the optaon of We holder of thia note. Failure to ezemise this option ahall not o~nswtute a waiver of the right to ezercise the same in tLe event oi any subeequent defsul~ In tibe e~ent of defaul~ in the psyment of thia note, and if the same is oollected by an attorney st lsw, the undersigned hereby agree(s) to psy ell oosta ot collection~ including s reaeon~?ble ~ttorney a fee. This note is eecured by~mortgape of even date execvted by the underaigned on oertain pmperty described therein and repreeents money actually used for the scquisition oi said P='oP~Y or the improvamente tLereon. Preeentment, pmtesti~ snd notice are herebp waived. ~ /~Hen~ R~e~ Sh~phe~ [sg~?L] HSNIiY Bill~I. S~ . ~,c rthamn ,L S}'iPi 1?P7"[~ I`SSALI SHAROh L SHti' [s~?L] [~l i i And ahall dulY~ P~P~Y, ~d fnUy pedorm, discharge, ezecute, effect~ oomplete, and eomply With and abide ~ by each and every the stipulations, agreements, t~onditions, and covenants of said promissory note and of this mortgage, then this mortgage and the estate herebY created s6all oease and be null and void. . ~ The Mortgaqor further ooveaaats as follows: 1. That he will pay the indebtednesa, as hereinbefore provided. Privilege is reserved to prepay at any time~ ~ without premium or fee~ the entire indebtedness or aay part thereof not less than the amount of one installment, or one hundred dollars (i100.00), whichever is lees. 2. In orcier n~ore full~ to protect the securit~ of this mortgagc, the ~1origa~or, Logether with,-and in ad~lition to, the ~nonthl~- pa~ ments under th~ ter~ns of the note secured herebr, on tLe first da~ o( each ~nonth until tl~e said notc is fu~l~ paid, ~ill pa~• to the Mortgagee, as trustee, (under the tcrms o( this trust as herein- aRer statcd) the follbw•ing swus: ~ (a) A sum equal to the ~ound reata, J any, ne:t due, plus the premiums that will next become due and payable on policies of Sre and other ha~ard insurance oovering the mortgaged property, plus taxes and assessmenta next due oa the mortgsged pmperty (all ss estimated bY the Mortgagee aud of which the Mortgagor is notiSed) lesa all sums already paid therefor divided by the number cif montha to elapee before one month ~ prior to the date when suc6 gcound rents, premiums, taxes, and sssessments will become delinquent, auch sums to be held bq Mortgageeintrusttopaysaidgroundrents,premiuma,ta~ces,u?dspecialas~nents. (b) The aggregste of the amounts pa sble pucsuant to subparagraph (a) and thoae psyable on the note ~ecured herEby, sbsll be p~id in s aing~e PaYmenL each moath, to be applied to the following items ia t6e order atated (n Sround rent8, ta~ces, see~smmta, 5re, and ot6er ha:ard insursi?ce premiuma; (II) interesi on tDe note secured hereby; and (III) amortisation ot the principal d said note. Any deficiency in the amount of such aggre~ate monthly psyment shall, unless made good by the Mort - gagor prjor to the due date ot the next such payment, const~tute an e~ ent of default under this mortgage. ~ ~ ~ . At Mortgeges's option, iVlori~sgor will pay a`°lste cbarge" not eaceeding four per centum (4%) of any install- ment when paid more than 6Piteen (15) days a[ter the due date thereof to c~ver the eatrs eacpense involved in hsndling delinquent pay ments, but such "late charge" shall not be psyable. out of the proceeds of any sale made to satis[y the ~adebtedness secured hereby~ unless such proceeds are su~cient to discharge the eatire indebtednesa and sll proper costs and expenses secuce~ thereby. 3. lf the total ot tl~e pa~'ments n~ade t>~ the :~iortgu~or under (a) of puragrapl~ 2 precedin~ sLall exceed tl~e amount o[ parments actuallc ma~l~ b~• t~~e :1lortgu~ee, as ttuste~, for ground rents~ tt?xes and as.sessments, and insurance pren?~us, as t}?e casc• ma~ be, such exce~ss sh~11 be cmdit~d on suLscyuent pa~ n~ents to be made b~ . the Mortgagor for su~i? items or, ot :4tort~uge~'s option, as trustee, s}?all be refuncied to :1~Iortgsgor. If, however, such uiontldv pa~•ments shall not lx~ suffi~•ient to pa~- such iteins v?hen the same shall becorue due and po~•able, then tlte :~lortgagor shull pa~• to the ~iortga~e~, u.g trustec•, nn~ amount nccessar~ to make up the de$cienc}-. Sucl~ pa~-~nent shall be iuad~ within thirt~ (:i0) da~~ after w-ritten notice iran t~e Morigagee steting the amount of the deficiency, which~ R tice may be given by mail. If at aoy time the Mortgagor sh~ll ~ SOQK,~ MCf - . ~ ~ : _ - - ~ J.L_,~ _ c~ ~