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Home My WebLink About1328 TLe Mortgagor hereby ooveiu?nts ~vitL tha Mortgager. that he is indefeasibly eeued ot said 14nd in fee aimple or such ol~her estatet J~ay as is st~t~d herein; th~t he hss tull power and lawiul rig6t to ooovev the awme ~a atoresaid; tbat the land ia trea from a11 encumbnacea exoept as hereia otherwise recited; tbvt, said~3ortgagor will make such fur~her asaura~ces to prova the ~foreesid title to asid land in said Mortgagee as may be re~son- ablyrequired, snd th~t said Mortgago~ does beteby fuUy ~ruranti the titte to said tand~ snd every part t.hereoi. and ~vi.U defeud the aome ~gaina~ t~he 14wfu1 daims oi ~11 poraocu whomwever. PnoviD$D At~vets th~t ii the Mortgagor ahaU pa~ unto W~s Mortgages th~t cect~ain promieeory note, of wsic6 the following is ~ subscaataal ooPy, Lo wi~: i 37, 000.00 ~ F+~rt Pierce Fiorida. Me~y 12 ~ ,1~ 7S Foa Vw~.vs Rscstvsn~ tde unde~igned pranise(s) to pPy to R4~ IAMA3 & AETl'i~TON COMPANY ~ s oorporstion organised and e~del~ina under t6e ~ ' cipal sum ot THIRTY SEVEN THOUSAND AI~ID no~100 ----------------------------------------.Adlara (i 3'T,ooo.oo .?ith interest irom de?te st the rate of g'IQ~T Al~ OAS HALF P~ ceatum ( 8~ P~ annum on the unpaid balanoe unW paid. The eaid principal and interest ehall be paysble at the o8'ice ot ~e I,om,as & Nettleton Canpa~? P. 0. ~ox 964 ~ Virginia Beaeh~ Virginia 234~1 or at eucb ot.6er pL,oE ~ the hola~ m.y d~te ~..riti~ delivered or mailed to We debtor, in month y inatallments of'1i~0 AZJHI)R~ EICHR'Y FOUR aiW 53~10~~ (i 284. 53 commencing on the first day of ~,y , is q5 , aad uontinuing oa tbe first dsy of each month thereatter until tbia note is iully paid~ ezcept that, if not eooner paid, the final puyment oi princapal and intsrest eLall be due and psyable on the first day oi ~e , 2p05 . privileQe ia reserved to prepsy at any time~ witLout premium or fee, the entire indebtednees or any psrt t6er~wt not less thaa the amouat oi oae instaUmeat, or one huadred dollaes (i100.00). whichever ic less. Ynpaymeut ia fuU thal! be credited on tde date received. Pattial prepa,yment, otber thaa oa an instaUtnent due date, need aot be credited until tLe aext [dtowin~ inatallmeat due date or t63rty days atter suc6 prep~ymeat, whichever Is e~lier. If any deficiency in the pa~m ent of any installment under tbis note is not made good prior to tbe due dste of the nezt such instaWnent, the entire prmcipsl sum snd acerued interest shall at once become due and Fay- ~ able without nutice at the optaon of We holder of t6ia note. Failure to eaercise this option shall not oonst~tute s waiver of the right to ezercise the ssme in the event oi any subeequent default. In the even6 oi default in the ~ payment of thia note, and ii t6e asme is oollected by sn attorney at law, tLe undersigned hereby agree(8) to ~ psy all oosts of oollectioq including a ressonsble sttornsy'a fee. ~ ~ Thia note is secured by mortgage of even dets ezecuted by the underaigned on oertain property deacribed ' therein and repreeents money actually used for the ac•quisition of esid property or the improvemante thereon. Presentment, pmtest~ and noticp, are hereby waived. i 's _____._1_~1 G~'L~~B Aitrten [~L~ j ~ ~ ~ [SSAL] JffiSICA ffiN'I+ON ' [~l [s~l ~ And shall duly, promptly, and fully perform, discbarge, e~cecute, e8ect, oomplete, and comply with and abide R by each and every the stipulations, agreements, conditions, and covensnta of esid promissory note and of this ~ mortgage, L6en this mortgage and the estate het+eby created shall ce,ase aad be null and void ~ The Mortgagor further oovenants us follows: ! l. That he willpa y the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, ; without premium or fee. the entire indebtedneas ~r any part thereof not less t6an the amount of one installment, or € one hundred dollars (=100.00), whichever is lesa. 2, in order mor~ full~ to protect. the securit~• of this mortgage, the :Viortgagor, togcther with, and in ~ addition to, the monthl~- pa~nients under the terms of the note secured hereb~-, on the first da~• of each mont.h 5 until 1he said note is full~ paid, will ptt~• to the Moctguge~, as trustee, (under th~ terms of this trust as herein- € e(ter stated) thc following swiis: ~ (a) A aum equei to the ground renta, if any, nert due, plus the pre~?iuma that will neat beoome due and payable ~ on policiea of Sre sad other hgsard insurance covering the mortgaged property, plus taxes and agsessments next due on the mortgaged property (all as estimated by the Mortgagee and of which the Mortgagor is noti5ed) leas all eums slready psid therefor divided by the number of months to ~ before one month prioc to the date when suc6 ground renta, premiunns, taues, and asses.wnents beoome delinquent, euch euma to be held by Mortgageeintruattopaysaidgroundrents,premiums~ts:es,andspecialassessments. (b) T6e aggregate of the amounts payable pu~ueat to subparagraph (a) and thosep~~ yable on the note aecured hereby, aha11 be paid in s eingle psyment each mont6, to be appUed to the f~llowing items in the order ~ etsted (I) ground r~nts, taxes, asaessmente, 5re, aad other hasard insurance premiume; (In intereet on the note eecured hereby; and ~ ~ (IIn amortisation of the principal of said note. ~ s ~ Any deficiency in the amount ot suc6 aggregate monthly payment shall, unless msde good by the Mor~ a gagor pryor to t he due date o f t he next suc h payment, const,~tute an event o f de tau lt un der t his mortgage. At Mortgagee's option, Mortg agor will pay a"late charge" not exceeding four per centum (4°Jo) of any inatall- ment when gaid more than Sfteen (15) days atter the due date thereof to cover the eatrs expense involved in ' hsndling delinquent psqments, but such "late charge" shall not be payable out of the proceeds of any sale ~ made to satisfy the mdebtrdness secured hereby, unless such proceeds are suH'icient to discharge the entire ~ indebtedness and all ro r costs and e nses secured thereb ~ P Pe ~ Y• ~ 3. tf tl~e totsl of the pa~-~nents mad~ b~ the ~I~iortgngor under (a) of para~ruph 2 preceding shall exceed ~ t}?e amount of pa}~menls actuull~ mad~ b~• t~ie ltort~aKec, as trustcc, for grouncl rents, talres and assessments~ ~ and insurance premiums, as the case rnar be, such excess shall t~e credited on subaeyuent pa~ ments to be made ~ bv the Mortga~;or for such ite~ns or, at Mortga~;ee's option~ as trustee, shall be refunded to Mortgsgor. If, ~ however, such montl~ly pa}•ments shall not I~c suflirient to pa~ such items when the same shall become due ~ and ps•able, then tl~e Mortgagor shull pa~• to the Mort~e~;e~, us truste~, an~ amount necessary to mske up the de~cienc~. Such pa~•ment shall be ma~1e within thirtr (:30) da~~ after wtitten notice from the Mortgagee ~ atsting the amount of the deficiency, which notice msy be given by mail. 1! at any time We Mortgagor eh~ll ~ - ~ ~~3~ ~~E1326 ~ - _ ~ . ~ z.~~ . :~r_ - v_~.~~