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Home My WebLink About0600 ~ . . S t ~ z The Mortgagor 6ereby o~venants with fbe Mortgage~?, that he is indeteaaibly seized oi esid land in !ee aimple or such ot~er estwb~ d any as ia stated buerein; tbat he has tuU power Rnd lawtul right to oonvev U?e anme as storeeaid; tbat t~he land ~s iree ~rom a!1 encumbranc~s ~cep6 ~?a herein otherwise recited; thpt said~uiortgagor will make sucR fur6har aesuranoes Lo prova tbe ~toresaid taWe to eaid lu?d in esid Mortgsgee us may be reReon- ~b~jrequired, snd tLati said Mortgagoe does hereby i~ wursnL U?e tiWe to aaid land, and every parL thereof~ aad will defend tbe s~me against the b~rful cLims oi pereona whomsoever. PnoviDSa ALw~~rs ~6~t i! tbe Mortgsgor ahaU psy wntp tbe Morig~gee that cert~ia promiseory note, oi ~ ~vluch ~he tollowuig ia a subetawtisl ooP~~ to wit: i?3, 90~• 00 Fbrt Pierce 19 7~: Florids. , . November 22, . Foa Vwt.us Rscravsn, the undersigned promiae(e) to P~Y ~ . I,OMAS & N~'iTLETON COMPANY , s oorporation organifed aud e~ostiog under L6e lswe ot{,~e St~te t~f tbnnecticut r°i~ Principal sum of ~~'I'Y THREE THOUSl1ND IVII~ HUNDR~ A?JD PIO/10U-----------=-=-=--=------------ 23a 9~~• ~0 , ~;th interest tmm te st the rate of I1INE----------------- P~T ceutum ( 9 Per annwn on the unpsid balance unW paid. The said principal snd interest shaU be PsY~?ble at the office af . The Losnas & Nettleton Canpar~y P. 0. Box 96~+ ' . . ~ Vir~ nia ~~~.ch V' r nia 2 1t5~ et such ot6er place as the hdder may d te in vvriting delivered~or mailed to ~e ~eh~r, ~n mon~ly uistallmenta of ONS HIJNIDRED I4INTY TWiO & 6~~0 Dollara ~ (i 192.63 commencin~ on the first daY of January , 19 75 , and oontinuing on the ~irst day of each month i.Ler~ffsr unial L~is note is fu~g gsis~~ a;cegt• ~he~, if n~~ ~n~r paid, the Sn~p~svment oi principal and interes6 sha11 be due aad payable on t6e first day of NQVr.taber ~ privilege is reserved to prepay aL any time~ without premium or fee. t6e entire indebtedaees or any psr~ thezeof aot less Wm the amount ot one installmeat, or one hundred doUus (i100.00). v~hichever is less. Prepayment in tuU thaJ be credited on the date receired. P~rtial prepsyment, other than on an insWlapeat due date, need aot be credited unW the next fdlowin~ instaUment due date or thirty days after suc~h Pi'PWY~nt, wbichevrr is earlier. If any deSciency in the payment of any installment undar thia note is not made good prior to the due date of the nest sucb installment, the entire principsl sum and accrued interest shall at onoe beoome due and psy- abie without~notice at the option of the holder of this note. Fs?ilure to ezerc.ise t.hia option ahall not oonstitute s waiver of the righti to exercise the same in the event of any subsequent defaul~ In the event of ~eis~~ ; he - payment of thia note, snd if the same ia collected by an sttnrney st law, the nndersigned hereb s to psy sll costa of collection, including s ressonsble sttorney's fee. This note is secured by mortga~e of even date execut~ed by the underaigned on oertain property described tLerein and representa money actuatly used for the scquiaition of said praperty or Lhe improvemente thereoa Presentment, protest. and notaon w~e hereby waived. ~.s~~bbie-~+Se.-~Soal- BOBBTE L~.'E NEAL --~.s~~~~e~ee~-~e= ~sS~'] _ . - BILLIE JF.AN :iEAL [s~l i ` And shall duly, promptly, and fuliy perform, discharge, eacecute, eHect, complete, and comply with and abide ~ by each and every the stipulations, agreements, conditions, and covenanta of said promissory note and of thia mort8age, then thi~a mortg~age and the estate hereby created shall cease and be null sad void. ~ The Mortgagor turther covenants ss follows: 1. Thst he-will psy the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without premium or fee. the entire indebtedneas or any part thereof not less than the amount of one instaliment, or one hundred dollars (i100.00)~ whichever is lesa. 2. ln order more fullr to protect the securit~' of this n?ortgage, the ~lortgagor, togethcr with, and in uiidition ta, the monthl~- pa~•aients under thc lermx of the note securnd liereb~, on the first cis}' o[ eacl~ ~nontli until tlte said note is fu7lr paid, will pa~ to the Mortgugee, as trustec~, (under th~ tern?s of this trust as hercin- after stated) the following siwis: (a). A sum equal to the ground rents, if any, nezt due, plua the premiuma thnt will neact become due and payable ~ policies oE fire and other ha~rd insurauce covermg the mortgaged P~Pe~Y, Plus tsxes and assessments next due on the mortgaged property (all as estimated bY the Mortgagee and of which Lhe Mortg,agor is notified) lese all sums alrea~ly palid therefor divided by t6e number of months to ela~p~e before one month prior to the date ~ehen such ground rents, premiuma, taxes, and sas~sments will become delinquent, such sums to be held by Mortgageeintnisttopaysaidgroundrents,premiums,taxes,andspecialas~nents. The a~r~ate of the amounta pa able pureuaat to subparagraph (s) snd thoee payable on the note secured hereby, s6a11 be psid ia a sin~e Pe?Yme~nt each month, to be appLed to the followmg items in the order stated: (n ground reate, ta~ces, aseessmenta, fire, and other hasard insurance premiums; ~ (II) interest oa the note eecured hereby; and ~ (IIn amortiastion of the priacipal of said note. Any deficiency in the amount of such sggtre~ate monthly psyment ahall, unless made good by Lhe Mor~ or rjor to the dua date of the next such payment, consL~tute an event of default under this mortgage. At~Mortgagee's option, Mortgagor will pay s"late charge" not eaceeding lour per centum (4%~ of any install- ment when paid more t6an fifteen (I5) days after the due date thereof to cover the extrs expense involved in handling delinquent ~ayments, but such "late charge" shall not be payable out of the proceeds of any sale made to satisfy the indebt,~dness secured hereby, unless such proceeds are sufscient to d~scharge the entire indebtedne,sa snd all proper costs and expec?ses secured thereby. 3. If the total of the pa~-ments made b~' the Mortgngor uncler (a) of pnra~ruph 2 precedin~ sLall exceed the amount of pa~•u~ents actuall~ made b~- t~~e ~4ortKa~.;e~, as trustec, for ground rents, tuxes and assc~ssments, and insurance premiun~s, ss the case ma~' be, such eacess shall bc~ crndited on subseryuent pa~ ments to be made bv the Mortgagor for su~h iten~s or, at Hortgagee's option, us trustee, shall be refunded to Mortgegor. If, however, such montlil~ pa~ menis shull not l~ suffi~•ient to pa~ suc•h ile~ns when Uie same shall become due and pa •able, then the ~lortga~or shall pay to thc~ ~tort~u~ec, ag trustee, an~- amount necessary to make up the de~cienc~. Such pa~-i~~ent sl~all bc~ ma~le ~ithin thut•~• (:30) da~~s after written not,ice fro~n t}~e Mortgagee ststing the amount of the deficiency, which notice msy be given by mail. If at any ~time the Mortgagor ahall _ • BvaK ~'~GL ~ .~~.t,.~ ~ ~ ~ ~ Y ~ " ~?~'r~^~'~``"a-~;.~,~~~ . .~~~`3'~~v.x.~ ~ a Af _e~_. .'~'°o E~~`~.°~ . ' _ e