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Home My WebLink About2845 i . } 1• Tha Mortgsgor hereby covensnta v~ith t6e MortgageP~ that he ia indefeasibly seized ot said lsnd in foe aimple or euch otber estatet d u?y aa is atated heraia; tha6 he h~a lull power and lawtul right to coavev the r~ma as sforesaid; that lhe land ~s iree fronn all encumbrances except aa herein o4herwise recit~ed; thAt said~iortgagor will maka such further aesunnces to provo tke atoresaid title to said 1r?nd in st~id Mortgagee ua msy be re.nson- ab~yreq uired~ and i,hat said Mortgagor does hereby fully wursnt the title Lo said l~c?d, and every part tl?ereot~ aad ~vill defend the 6aane agsinst the lawiul claima of W persons whomsoever. Paovia~a ALw~te th~t it the rioctgagor shall psy unto Lhe Mortgages Lhat oectAia promieeory note~ oi ~ whic6 tha tollowiag ia s substwtial ooPf. Lo wi~: i 29,OC~0.00 Pbrt Pierce , Florida M~y ~3 ,19 75 . , ~ Foa Yw~.us Rscsivsn, t~e undersigned pn~miee(e) to pay Lo THE LOMAS & ~ ~ N G'OMPANY ~ ~ a oorporstion organir,ed and e:istina under t~e ' lswsof- th~-3tate of ~ormec~f~ctx~ororder, theprincipal sum of ~'Y ?~INE THOUSAHI? APID----- ~ ------------------------------no/100-~Dollars (i 29s000•00 •~itb intereat from date at z the r~?te oi hIGHT AND ONT HALF Per centum ( 82 P~ annum_on the unpo?id bslanoe unW paid. 3 T6e said principal 8ad interest ehall be payable at the oQ'ice af qhe Lomas & Nettleton Compat~y ~ P. 0. Box 964 . ~ r ia Virginia Beach~ Virginia 23~+51 , or at such ot6er plaoe as the holder may designste in writing ! delivered or mailed to the debtor, in monthly installment8 of ~p ~~~g~ 01~10~11are ~ 223. 01 commencing on the firs~ day of July 19 75 ,~d oontinuing on the j ~ firat dsy oi each month thereafter until thia note is fulls paid, eaoept thst, if not aooner paid, the final payment of princapal snd interest ahall be due and psyeble on the firat day oi June . 2005 • privilege is reserved to prepay at sny time~ without premium or lee, the entire indebtednees or any part t6ereof not leas Wan We amouut of one inttallmeat, or one huadred doAats (:100.00), whichever is lesa. Ytepayment ia fuU sbaU be credited on the date received. Putial prep~yment, other Waa on an insWtanent due date. need aot be crndited uatil ~ the ae~ct fopowing installmeat due date or thirty days after such prepayment, wdic6ever is eulier. If sny deficiency in the paym ent of sny inst+~llmettt under this note is not made good prior to the due date of the ne~ct aucL inatsllment, the entire principsl sum and accrued intereat ehall at once become due and Fay- 4ble without notace st the option of the holder oi this note. Failure to exercise thia option shall not oonstatute ~ waiver of the right to eaercise the same in the event of any subsequent default. In the event of default in the ~ payment of thia note, snd it the se~me ia colleeted by sn sttornay at law, the undersigned hereby agree(e) ta ~ pay sll coats of collection, including s reasonable attomey's fee. , This note ia eecnred by mortgage of even date executed by the underaigned on certsin pmperty described ~ therein and represents money actusuy used for the acquisition of eaid pmperty or the impmvements thereon. ~ Presentment, proteat~ and notice are hereby waived. 4 : E . , ...,~.s~ &i~?~~d Charlps ~i'isher [sg~?I.] RICAA~ G~iARI~~ES FISHER ~ ~s~ Di~nP Fi ~her - [s~•] DIANE FISHER ~ _ ~s~r,~ i (s~L~ ~ i ; And ahaU duly, promptly, and fully pedorm, discharge, execute, eRect, complete, and compiy with and abide ~ ~ by each and every the stipulations, agreements, conditions, and covenants oi said promissory note and of this ~ ~ mortgage, then thia mortgage and the estate hereby created shall cesse and be null and void. ~ ; The Mortgagor furt6er oovenants as follows: ~ 1. That he ~vill ~y the indebtedness, as hereinbefore provided. Privilege ia reserved to prepay at any time, ; without premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment, or ~ one hundred dollars (i100.00), whichever is less. ~ 2. in orcler inore full}• to protect th~ s~curit~' of this n~ort~a~e, t1~c ~•iortga~or, together with, and in ~ addition to, the monthl~- pa~~nients under th~ terms of the note secured Lrreb~~, on thc first da~• o( each month w~til the suicl note is fulh• psi~l, wi11 pa~• 1o the Mortgu~~~, as traste~, (under th~ ternLS of this trust as herein- ~ x after statecl) ti~e tollowing suii~s: ~ (e) A sum equal to the ground rents, if any~ next due, plus the premiums that will next became due and payable ~ on policies of S~+e and other hasard insurance covering the mortgaged property, plus taxes and a.ssessmenta ~ next due on the mortgaged property (sll sa estimated by the Mortgagee acid of which the hlortgagor is ~ natiSed) less all sums already paid therefor divided by the number of montha to elapse before one month ~ prior to the date when such ground renta, premiums, taxes, and a~essments will Lecome delinquent~ ~ such suma to be held by Mortgagee in truat to paysaid ground rents, premiums, tases, and special assessments. (b) 'The aggregate of the amounta payable pureuant to subparsgraph (a) and those payable on the note secured ~ hereby, ahaU be paid in a single paymen~ each mont6, to be applied to the following items in the order ~ etated (I) ground rents, taxes, assessmente, fire, and other hazard insurance premiums; ~ = (II) iaterest on the note eecured hereby; and _ ~ (III) amortirstion of the principal of said note. : ~ Any deficiency in the amount ot such aggre~ete monthly payment shall, unless made good by the Mort- j ~ gagor pr~or to the due date ot the next such payment, constitute an event, of default under this mortgage. ` At Mortgsgee's option, ~iortgagor will pay a"late charge" not eaceeding fow per centum (4°Jo) of any insiall- ~ ment when paid more than fifteen (15) days aiter the due date thereof to cover the extra expense involved in ~ hsndling delinquent payments, but such "late charge" shall not be payable out of the proceeds of any sale " made to satisfy the mdebtedness secured hereby, unless such proceeda are aufficient to discharge the entire ~ indebtedness and all proper coats and expenses secured thereby. 3. 1( tlie total of the pa~~nents n~ud~ b,- tlie Mortgn~or un~ler (a) of paragruph 2 precedin~ shall exceed ~ tl?e amount of pa~-~nents actuull~- ma~l~ b~• ttle ~1ortKaKee, as truste~, for Kroun~l rents, tnxes and asses.gments, ~ and insurance premiuu~s, as th~ case ma~ bE•, such excesa sl~sll !x~ credit~cl on sui,seyu~nt pa~ments to be made ~ by the Mortga~or for sucli items or, nt A'[ortga~~e's option, u.g trustee, sl?all be refunded to Mortgsgor. 1f, - ~ however, such monU?1~ pa~•ments shall nM Ix~ suffirient to pa}• su~h iteu~s when th~ same shall become due ~ and pa~•able, then thc :NortRa~or shall pn~• to th~ ~'[ort~e~c~~•, as trustc~, nn~• amount nccessary to make up ~ the. de cienc~. Such pa~•?ncnt shall bc~ n~ude within thirt~• (:i0) da~•s after written not.ice trom t~e Mortgagee ~ atsting the amount of the deficienc`, wl~ich notice may be given by m OI.R lf st any tim` the I~iortgagor e6all ~ ~oQK239 ~~E~840 ~ ~ - . . ~ - _ . ~ _ ~