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Home My WebLink About2798 The Mortgagor hereby covc~iants wit.h ~6e Morlgageo~ that ha is indefeaxibly scized of said lsnd in fee dinple ot such otlier estatet J~ay as is st~ated hereia; that, he haa Iull powor ond lswtul right to oonvev tho same as atares~id; tha~ t~he Irud ~a iree Erom all encumbrances except ~?s 6orein oU?erwise recited; thpt s~id~Vtort~-aRor will make such turther ~esuranues to prove t6e aforeaaid title b a4id laad in said Mort.gagee xe anay be re~?eon- ; ab req uiced, and that said Mortgagor doeB hereby lully wuran6 the tiWe to said liu?d, and every parf~ thereoi, an~will dotead i.he same ag~iast the lawful claima of W panwns ~vhomaoever. - PROYIDiD ALNAYd ~I1~1, 1~ L~IE I1~O~~i~Oi BbLU jMy 11DL0 V1A MOifgYg60 L~1AL C8T1~lA p['OII!l880t~? II01~~ O~ ? which the following is a aubsLantial coPy~, to wit: ' i 32, 800. 00 Stuart , F1°nd~' ' - October 17,19 75 . ' Fos Vw~.us Racstvso~ the underei~ned Promiee(e) to P~Y ~ 90~1t~1E~~ NI~RTG~ AS.90CIATFS, Il~1C. autho~rizecl to cb business in the State of Fl,ari.da , a oorporation orgsaised and ezistiug under t6e laws of AY~,g . or order, the principal aum ot {~jY.~-tvaD t2lo~u.Sal~d eight hw~dred an3 OOi100 - ~a''8 32,~00.00 ~th interest from date at : the rate of nj~ per oentum ( g%) Per annum on the unpsid balsnce until paid. ~ The said principal and interest ahall be payable at the offoe of ~~,m A,b~gage Assoclates~ Inc~ ~ 1999 S~nT 27th Avenue, ~ ~ ~~1~~ . or at such other pla~ aa the holder msy deaignate in writing delive or ed to t debtor, in moathly installmenta ot ~p ~ s]xty-faur and 06/00~11s*e (t 264.06 ~~~~cing on the first day of ~ , 19 75, and oontinuing oa the firat dsp of each month t6ereafter until this note is fully paid~ eacept that~ if not sooner paid, the final payment of principsl and 'u?t,eres6 s!?all be due and paysble on the firat day of p~ , 2005 • privilege is reserved to prepay st any time, wit6out premium or fee, the entire indebtedness or any par6 thereoi aot tesa thaa the amount of oae iastallmeat, or oae hunared doUars (Z100.00), whichever is less Prepayment in full sdall be credited oa the daSe teceived. Partial prepayment~ ot6et Wan on an installment due date, need not be credited unW the nent follovviag instdlment due date or thirty days after suct~ prepayment, whlchever is eulier. - If sny deficiency in the pa ment of any inatullment under this note is not made good prior to the due date of the next auch instsllment, ~e entire principal sum snd accrued intereat ahall at once become dne and ~sy- able without notice at the optton ot the bolder oi this note. Failure to exercise this option ahall not oonat~tute s waiver of the righL to eaercise the same in the event of any subeequent default. In the event of defeult in the payment oi this note, and if the same is collected by an attorney at law, the undersigned hereby agree(s) Lo psy all costs of collection~ including a reasonable ettorney's fee. 'rhis note ia secured by mort~gage of even dats executed by the undersigned on «:errtain property described therein and represents money actuelly used for the acquisition of.said pmperty or the improvements thereon. Preeentment, protest, and notice are hereby waived. -~s,l-"~a.cba~ [s~] . ,,[~p tricia Jean stebbins [s~,] - [s~?L] ~w- [s~+L] f And st~all duly, promptly~ and fuqy perform, discharge, execute, etfect, complete, and comply with and abide I by each and every the stipulations, agrecments, conditions, and covenants of said promissory note and of this ; mortgage, then this mortgage and the estate hereby created shall ceage and be nuU and void. ~ The Mortgagor further covenants as follows: . ~ 1. 1'hat he will pay the indebtedness, as hereinbefore provided. Privilege is 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 order mor~~ full~• to prot~~et th~ s~vurit~- of tLi.4 niortga~~~, the ~1ort~;aKor, tog~ther with, ancl in r ad~lition to, the nionthl~- pa~•nients und~r th~ trru~s o( the note sec•urcvl hrreb~-, on the first cia~• o( e~a~h month ~ ° uutil the suicl uotc• is full~• paid, Hill pa~• to th~ ~iort~?a~;~~, as trustFe, (und~r th~ 1~rms of 1hu trust a.s herein- ~R~r ~tatcd) the fullow•ing swus: (a) A sum equal to the ground rents, if any, next due, plus t6e premiums that will next become due and payable on policies of fire and other hasard insurance oovering the mort~aged property, plus taxes and as.sessments . next due on the mortgaged property (all ss estimated by the ~iortgagee and of which the Mortgagor is.r ~ notified) less all sums already pa~d therefor divided by the number of months to elapse before one month ~ prior to the date when such ground rents, premiums, taxes, r~nd ass~sments will become delinquent, ; _ such sums to be held by Mortgageemtruattopaysaidgroundrents,premiums,taxes,andspecislassessments. ; (b) T6e aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the note secured i 6ereby, shall be paid in a single payment each month, to be applied to the following items in the order ; atated ' (n ground rents, tazes, esaessments, fire, sad other haaard insurance premiums; ~ (II) interest on t6e note secured hereby; and ' ~ (III) amortisation of the principal of said note. ' ~ Any deficiency in the amount of such a~;gregate monthly payment shall, unless made good by the ~4iort- ~ ~ gagor pr~or to the due date ot the next such pa~ ment, constitute an event of default under th~s mortgage. ~ At Mortgagee's option, Mortgagor will pay a"late cl~arge" not exceeding four per centum (4°Jo) of any install- ment when paid more t6an Sfteen (15) days after the due date thereof to cover the extra expense involved in ~ hsndling delinquent payments, but such "late charge" shall not be psyable out of the pra;eeds ot any sale { ~ made to satisty the ~ndebtedness secured hereby, wiless such proceeds are sufficient to d~scharge the entire ~ indebtednesa and all proper costs and expenses secured thereby. ~ 3. If tl~e total of tl~e pa~•~u~nts niud~ tr~- th~ \1ort~ugor und~r (n) c?f pura~raph 2 preeeding sl~all ezceed the anwunt of pa}•ments ac•tuall~- ~i~a~l~• b~• tf~e ~iort~;a~;e~•, as trustei~, for ~?round rents, taxes and asse~Snients, { and insuran~~~ pre~niun~s, as th~~ ~•a~~ ~nu~= b~, 3uch excess shall br credited on sut~~yucnt pa~•~uents to be made ` b~ the 4tongu~or for surl? items or, ut ~iortga~ee's option, z?s truste~, shall i?e r~tunded to ~+fortgsgor. 1f, ~ however, such nwnt}il~' pa~•m~•nts shall not 1?c~ ~uffi~•i~nt to pa~• suc•h itc~ns Khen the same shall become due and pa~able, then thc ~tortKagor shuU ~~n~• to th~ ~1ort~a~?~~e, as truste~, un~- uinount necessan to make up the de~tciencr. Such paymrnt shull Ix> ma~i~• v?ilhin thirt~• (:tO) dnrc ufter written notice from t~~e Mortgagee stating the amount of the deficiency, wl~ich noticP may be gi~ en by mail. lf at sny time the Mortgagor ahall eooK~44 PaCf~~~$ ~ ~ ~ ~ i - - - - _ _ ~ ~ ~ ~ ~.~s~ ~ ~ ~ ~ = , , k _ > .