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Home My WebLink About2566 The Mortgegor hereb~ coveni?ata with tLe Moe~gago~?, th~t he i~ indefeaiubly seised oi said Lnd in fes ~iapk or such other estats~ ~t ~ny as i~ stated hereia; Wut hs has tull power and lawiul righ6 to ooovev t,6e s~?ms as a[oresaid; tha~ tDe bnd ~s iree ~rom ull encumbnn~es exoept aa hereia otherwise reciLed; thaU wd~tortgsgor wiU m~lce such fur~her assuranoes to pro~e L6e atot~eeaid utJs to eaid land ia said Mortg~ges ~ mU be r~~soa ahl required, and tLat aud MoMgagoe does hereby i~ ~~rranti the title to s~id 1sAd, wd evec~ par~ thereot~ an~wiU dsfeod t,6e eame ~gains~ t6e l~wtul al~uau ot penons whomsoever. ~ PItOY1DSD ALMA7~ lhst ii We I~ioctg~gor ~hall py uato tbs Mortgages thut oertaia promiewr~ not~e, oi t whic6 fhs followin~ ie ~ subatwti~l ooPS• to w~~: ~ = u.3so.oo sa~rt . : 9ept~nber 10 , i~ 75 • . ~ ~ Fox Vwuos Rscscvsn. the undec~ned promise(s) to P~11~ ~ 9a11~1 ~ AS90CIAZES, II~IC. 1 aut~~ized t~ do business in tt~e St,~?te of FLoric'1~ ` , ; i ~ s oorpay?tioa oc~nised aad e~ostina under t6e ~ I~ws of ~ or order, the principal aum oi }~i~,y~fOt~ t2lousafld tl'si'+ee . ; r,~n~area f ~a oonoo c: 3so. oo ~~c r~ a.~ ~ ~ tbe nte ot ~ j~g per centum ( 4%) Pec aonum oa the unpaid bal~aoe until paid. ~ T6e said ptin«psl snd interest shall be payable at the o~oe ot s;put~'~BM lyp~tqa~e AssoC3st~e6, I1~C. , ` 1999 SW 27th Avenus ~ e~mailed . or at euc6 other plaoe as ibe holder ma,y des~n~?te in writin6 deliv or to e debtor~ in monthly inatallmenta of ~p hotQlCh~ed S~V~elity~-six 6 54/00 ~s ~i 276.54 commencing on the first daY at O~ober , 1975 , and oontinuins on the firsL day oi eacd month thereafter until tlua note is fully paid, ~oept that, it not eooner paid, the finsl payment oi principel and int~erest shall be due and psyable on tbe firat day of ~gt ~ 2QQ5 . privileg~e ia reserved to prepay ~t any time, vvit6out premium or fee. ths ent~re indebtedneas or aay psrt thereot nat than tde anwunt ot oae lnitalla~eak or one huadrsd doUus (=100.00). whicbever is lea~. Yrepayaaent !n [ull : d~all be credited on the date received. PartW prepaymeat, ot~~r tbw on an iastallment due date, need aot be credited watil ? tAe aext fdlowir?~ InstaUment due date or thirty days atter such prap~?yment, whlcheoer is earijer. ~ ; Ii any deficiency in t~he psymen~ of any inatallraent under tLie note ia not made good prior to the due date ' of t6e ne=t aucL instaWnent, t6e entire principal sum and accrued interest eh~il st once beoome due snd Fsy- sble wit6out notice at the optwn oi the holder of tLis note. Failure to ezem,ise this optioa s6all not oonstatute s waiver of the righti to ezercise the same in the event oi any aubeequent detsul~. In the evcnti oi deiault in the psyment of W?is note, ~nd if the asme is oollec t e d by sn sttorney at law, t Le un deraign e d here by sgree(s) to psy all ooats of collection. including a ressonsble stbrney's fee. This note ia eecured by mortgsge of even date e~ecuted by the undersigned on certain property deecribed therein and represents money sctuslly used for the acquisitioa of said pmperty or tLe improvement~ LLereon. Presentment, protest. and notice are hereby wsived. - rsY--~~"r~ y~ Mr'n,^~ [~J~I,~ ~`iy~ K- M~~ [SSAL] [88AL] ~~L~ And shall duly, promptly, and fuUy pedorm, discharge, execute, eHect, complete, and oomply with aad abide j ' by each and every the atipulations, sgreements, conditions, and oovenants of said promiseory note snd of t6ie ~ mortgsge, thea this mortgage and the eatate hereby created ahali ceaee and be null and void. i T'he Mortgagor further coveaants sa follo~va: ~ 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without premium or fee, the entire indebtednesa or any part thereot not lese thau the aanount of one installment, or one hundred dollars (=100.00), whichever is lesa. 2. In order more full~~ to protect the securit~- of this mortgage, the Mortgagor, together with, and in ~ ~ additioi~ to, ihe monthl~ pa~•nients under the terms of t}?e note securcd I~ereb~-~ on the first da~ o[ each month i ~ until tl?e said notc is full~ paid, will pa~ to the tilortgagee, es trustee, (under th~ ternis o[ this trust as herein- f after stated) tl~e following su~ris: ~ ~ (a) A sum equel to the ground renta, if say~ next due, plus the premiums thst will next 'beoome due sad payable ~ on policiea of fire and other hasard inaurance ooveriag the mortgaged property, plus ta:ea and assessmenta next due on the mortgaged property (all as estimated by the Mortgsgee and of which the Mortgagor is ~ notified) lese aU eums alreadq peud therefor divided by the number of months to elapee before one month prior to the dste when such ground rents, pr~miuma, taxee, and asse~sments will become deli.nquent, ~ such sums to be held by Mortgageeintnisttopsysaidgroundreuts,premiums,taues,sadspecialsssesamente. ~ (b) T6e aggregate of the amounts payab~e pureuant to subparagrsph (a) and thoeepayable an the note ~red henb , ahall be paid in a eingle paymeat each month, to be applied to the followu?g items in the order ~ ~ eta . ~ (n ground rente, taues, assessmente, fire, aad other hasard insurance premiums; ~ ~ (II) intat~est on the note eecured hereby; aad (III) amortisation of the principal of esid note. a ~ Any deficiency in ii~e amount oi such aggre~ate monthly payment shall, unless made good by the Mort- ~ gagor pr~or to the due date ot the next such peyment, constitute an even~ ot delault under thia mortgage. At Mortgttgee's option, Mortgagor will psy s"late charge" not exceeding four per centum (4°Ja) of any inatall- ~ ment when paid more than Sfteen (15) dsys atter the due date thereof to cover the eatra eapense involved in ~ hsndling delinquent ~aqments, but auch "late charge" shall noc be psysble out of the proceeda of any asle ~ msde to sstisfy the indebt~edness secured hereby, unless such proceeds are sufficient to dischsrge the entire ~ indebtedness and all proper costa and expenaes secured thereby. ~ 3. If the total of the pa~-inents mndr b~- the A'lortgugor und~r (e) of paragrnph 2 preceding shall exceed ~ the amount of pa~•ments actuull~ n~ed~ bv t~ie Ztort~aKee, as trustce, for grouncl rents, taxes and assessments, ~ and insurance premiums, as tl?e rase ma~~be,,such eacesa sl~all be crnditcd un subseyuent pa~ments to be made ~ b~ the Mortga~;or for surh iten~s or, nt 1~4ortga~;ee's option, as trustee, shall be retunded to Morlgagor. If, however, such monthh• pa~•ments sliall not t~c suffi~•iPnL t~ pa~- su~h items when the ssme shall become due ~ and pa~able, then t!?c :~fortge~or shnll pu~ to th~ 4dort~aRec, us trustee, nn~ amount necessary to make up ; the de~icienc~. Such pa~ment sht~ll bp macle Kithin thirt~• (30) da}p alter written notice from the Mortgagee ~ atsting the amount of the deficiency~ which notice msy be given by mail. If at sny t~me the Mortgagor shall ~ a~243 ~~5~ - :~:w~~ : . - - ~ I k ~ S L ,