HomeMy WebLinkAbout2602 Ths ]~ort~.gor benl~~ ~+o~?eaan~s ~t~h t~ M that ha is in3afaaib1~ vi wid ~d ia fus
imple or such othee eetate~ it_sny aa i~ s4ted Le~ein; tLst L~s tull power aad Lwful.rig6t to oonvev the same
ae storesaid; tb~t tbe land» ired ~rom all eacumbraaoes exoept as hee~ein utb,en,ise rec~ted; tLat said~iortgagor
will make such furtber aesursaoe~ to pmve tbs alone~aid t~tle to ~aid Lnd ia said Mottgagee as m~y-be re~?eon-
ab req uired, ~nd tiut said Mortgagor doe~ hereb~ i w~rr~a~ t6e titk to said land, awi eve~ p~rt ther~eot,
~vill defend the ~ams ~gains0 Lhe Lwiul daims ad~ psi,wns whomaosver.
PItOVIDlD ALw~Y~ tbat if the Mortgag~o~t aLa11 pr,, nnto t~e ~d~oc~es t~s~ oer~io p~mi~ ~
whicL Walolb~rir~ is a wb~tantial coP7,
_ ~5~~•~ Stuart ,I~orids.
March 19 ,1~ 75 .
Fos Vaws Rs~?s~, tbe undsni~ed pe+oo~Le(~) b pq to SOUTHERN MORTGAGE ASSOCIATES, INC. ,
authorized to do business in the State of Florida • ~
ao~ponttaa agnised ~nd e~ind nnder tbs
L?ws o~ State of Arkansas ~ cea~dee, tbe priaaipol.um ot FORTY FIYE THOUSAND ANO 00/100
~(i 45,OQ0.00 with ia~erest fmm date st
tbe rste ot eight and one hal f per eentnm ( 8, 5 j~ p~ ffi~~~~;~ ~
Tb° N"d P~aP~ shaD be P4Yabb,?~ tbe o~oe at Southern Mortgage- Associates, Inc. ,
1999 S.W. 27th Avenue, •
.
ia Mi ami , Fl ori da , o~ at eueh o~tber pLae as tbe Loider m~,y dee~uate in w,;tins
delivered or mailed to the debtor, ia monthly inatallmente otTHREE HUNDRED FORTY SIX & 05/100-Dollars
(i 346.05 eommencing an tbe firet day of M~y , 19 75, aad eontinuu~ an tbe
Sret dsy oi escl~ month thereatter unta'1 this note is fully paid, eo~eept tbat, ~t not soonee paid, t~?e flnal psyment
oi princapal and interest ahall be due and p~?yab3e on tbe Srat dsy oi Apri 1 ~ 2005.
Pri ' ~s reserved ta prepay st sn~? time, ~vithout pramium or fe~ tLe ~tire iadebtedneas or any par~r
tbereof not esa tban the amount of one inetsllmant, or one hundred dollars (t100.00)~ w~}ucLe~er i~e leea,
If any de6ciencp in the paym ent oi snp instsllment under this note is not made good prior to tLa due date
of the nea~t such inatallment, the entire principal eum snd socrued interest shall at onoe beoome due and ~ay
able without notioe st the option oi the Lolder of tbia note. Failure to esen~ee this option shall not oonst~tute
• Naiver of the right to ezercase the same in the event of wy subeeque~t dedault~ In tbe event oi default in the
peymen~ of thia nate, ~nd ~if the eame is oolleat~ed~sttorney st lt?w, the nndereig~ued hareby agree (e) f,o
PaY ~ ~osts of collectioq includir~g a fieqeonable ~'o iee.
, This aote ~is ~ecured by ~o ot even'dat~ eaecuted by the nudereig~ned an eecf
'~ain' P'roPa'tY deecn'bed .
therein and repreeents money aa~~ua~y used for thhi~ aoquisit~on at aid panpartry ~o~r ~s improvera~anis ibo~+eoa.
Preeentment, protes~, and not~oe are Le~reb~ vaired.
Js/ Peter Cecere • [~f
eter ecere
-
ls! ~orothv K_ Cpr_prp t~a
Dorothy K. Cecere
And ahaU duly, P~Ptly, aad fut19 Periorm, ~C1~arge, eacecnte, ~ect, eomplete, and eomply with aad abide
by ench sad every the atapulatione, agreemeata, oonditiona, sad eovenanta of esidp~+omi~cry nflts and ot Ehis
mo*tEage, thea this mortgag~e aad the estste hereby ei+ee?ted ~hall eeoee aad be n~ill and ?oid.
T6e Mort~a~oc further ooveasnta aa follows:
1. Tbst he w~ill psy the indebtedneee, as Lereinbefa~e provided. Privi'l~g~e ie t~eeetved to pe+epsy st aaY times
without Prem~ium or f~e, the entire indebtednees ot say part thec+eo~ not Ieea tbaa the amount af at?e ioetallment, or
` ooe hundred dollsra (t100.00), ~vhichever is lees.
; 2. In order more lullp to protect the security of this mortga~;e,' the Morigagor, ~ether w?ith and in
addition to, the monthl~ pa~-ments under the terms of the note secured hereby, on the Sra dsv of Aac~?"month
~ ui?til lhe said note is fu~l} paid, p;ll pay ~o ~he Morcgagee, ss tiru8tee, (undet Lhe terms of t.his trust as herein-
` after atated) t}ie following suma:
` (s) A sum equal to the ground reate, if any, next due, plus t,~e premiums tbst w~l na~t beoo~ne due aad PeYable
~ oa policiee a[ Sre nnd other hazard ineutance oovering tbe awrtgaged P'i'oPe~Y Pl~a taxes and ae~samenta
ne~t~due on the mortB88~ P~Y ~all ae estimsted bq tbe Matg,agee sa~ af whieh the Mortgagor ia
~ , noti6ed) leaa all_rums atreai~r paid t~~erefQr div,ided bY the number of montbs toe1apee before one month
~ prior W t~be dste ~+hea such ~+oand reats, P~, snd aeBee~ennente ivili tieoome delinquent,
: wch sume to be beld by Mortgageeint,n~sttoP~Y~E~'~~~~,P~~,~es,and~ei~atasebee~nte.
~ (b) The ag~redste af tbe amounta
= Pa Pu~~t to s~bpara6rap~h (s) aad thaeepa on the note eecueed
= hereby, ~hall bo paid ia a pqyment euch month, to be i?ppiied t~o tbe f~ itecoa io the ordee
3 ~dt8d ;
? m ~a ,~a a~ ~a
~ ~n m~ ~ ~e n~te .«~rea b~b,; .aa .
(III) amoKisatian at tbe princip~l cf nid note.
Any deficiency in the unount oi sucb~ggregate monthly ~ayment abaD, nnlees ma?de aood by the Mort-
gagor prior to the:dua date of t6ep~t~such psy-men~, oonst~tute an even6 oi detsult under thia mort~a~e~.
; At Morfgagee'e option, Mortgagor~vilt psy. a,"Itte chsrge" ~ot exoeeding four per centum (4°fo) of any ~natsll-
a
` ment when aid more tbaaa fitteen (15) dsys after the~dua date'tLereot to oover the e~ctrs expena~ in~olved in
hsndling de inquent ~aqa~ente, but suc6 "lste chsrge" ahall no~ be psyable out oi the proceeds of any sale
= msde to eatisfy tLe mdebtkdnees secured hereby, unleas such proceeds ue sufficient to diecharge the entirs
~ indebt,exlneas and all,pmper oosts and expenses ~ecu~ect thereby. "
y 3. I( the total of t)?e payinenta made by the Mortgagor under (s) of paragnpli 2 preceding shall exceed
tlie sn~ount o[ parment8 actually made b~ the Mortgagee, aa truatee !or ground rents, tsaes snd asaessmente, ~
= and inau~ance premiums, as the caee may be, such e~ccesa sliall be ct+e~ited on subsequent payments to be made
~ b~ tl~e Mortgagor for sucl~ it,ema or, at Mortgagee's option, aa truatee~ shall b~+ retunde~ to Mortgagor. Tt
- ho~vever, eueh niont,hly~psymenta ahall not be sufficient to pas such iteme ~vhen the same ahsll become due
aadps able, then the Mortgagor al~all pav to the Mortgagee, ~s tn~atee, any sn?ount neceesary to meke .np
t thp d~ciene,r. Such ps~-ment aliall be made within thuty (30) davs aller wntten >>oti~ce from the Mortgages
g st~?t~ing the amounti oi t~~w deficienay, wLich not+ce mny be gi~en by m~il. u s~ an~ time i~s Mortgagor ~aU
€ ,
~ ~ ~'ao~ 2~7 r~cr26(l~
~ ~ -
~
~ _ ~1.
- - ~R=
~ s~
~~°ti e~ -r - -
_.a~=.%t" s . . . s-- ~ ~ . _~-=°`F,