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Home My WebLink About0927 ~ i. The Mortgagor hereby covenaata with tha Mortgagee~ th~t he iu indeleaaibly seized oi said land in !ee aimple or sucL other estatet J ~?ny aa u stat,ed herein; that he bas tull power ~nd l~wtul ri~h6 to ooovev the anme as Joresaid; t,he~ the laad ~a iree ~mm ull encumbrsac~s excep~ as berein othecwisa recit,ed; that said~iortgogor ~riU make auch further aesurances to provo t6e atoresaid Wtle to said I~ad i.n said Mortgagee ~s m~~ be renson- ablynq uired~ and that said Mortgagor does hereby fully ~uran6 Lha uWe b said land, and evory put the~eot~ •nd wil! defend ~he same ag~inst the lawiul claima oi a11 peceons whomsoever. PaovtnsD AL~r~?YS thst it the ~?ioctgaqor s6all pa~ uato tbe Mortgages Wat oe~tain pmmiaeory note~ oi which the following is a substawtial ooPy~ to wi~: = 30, 500.00 Fort Pierce ~ ~lorids„ Jwte a?'~,1977 • Foa Vwuvs Rscstvsn. the uaderaigned promise(s) t,o p~,y b OOUNTRYIVIDE FtINDING OORPORATION ~ aoor~ontion ~~~~~~AND~nd a~dstina under tbe bws ot the State of Cal ifornia or order. t6e principal aum of 'IHIRTY FNE 1iUNDRID and No/100------------------~------------Do~lsrs 30,500.00 with interest from d~~e at the rsLe of Eight and one-half per centum ( 8~ per annum on tbe unpaid balance unW p~ud. T6e eaid principal aad interest sh~?11 be payeble st the o~ce of 0(~NfRYWIDE FZ~IDING OORPORATION ~ Los Angeles, California 90010 , or at auch ot6er plaoe as the hdder~ m~_a~~! d~a te in writina delivered or mailed to the debtor, in monthly inatallments oi 'IWO HINDRED TfRRTY'POUR $ 55~100~~ (i 234. SS . eommencing on the Srst day of August ~ 19 77 , aad oontinuin~ on the fiisti d~y of eaah month thereatter until thia note is fully paid~ e~cept that, ii not soonerpa~ d, tha finalp~yment , of princ?psl and interes6 ahall be due and psyable on the first de?y oi .Tuly , 2007 , privile~e is reserved to prepay at any tiaae, ~vitLout premium or fee. the entire indebtedneea or any psr~ thereoi not leas t6an the amount oi one UutaUment, or oae huadnd doUars (=100.00), wi~chever is kss. Yrepayment ia full diall be ceedited oa the date reeei~ed. Partial prepayment, other than on an install~aent due date, ueed not be credited untU the aext foUowlas instaUmeat due date or thirty day~ atter wcb prepsymeat, wh[che~er is earlkt. Ii ~any deficiency in the psym en~ of aoy inatallraent under thia note ia not msde g~ood prior to tLe due date oi the nez6 such inatallment~ t6e entire principal sum snd accrued interest ahall st onoe beeome due and psy- able without notice at the option oi tha holder oi thia note. Failure to esem,ise thia o tion shsll not c~onatatute 0 a waiverof the right to eiercise the same in the event oi any subeequent default. In e event oi default in Lhe psyment oi this note, snd ii the asme ie collected by an atitorney at law, the underaigned hereby agree(s) to psy sll eoste of oollectan, including s ressonable attorney's fee. This note is secured by mortgage of even date executed by the undersigned on oertain property deecribed tbecein and npreeents money actually used for the acquisition oi said property or tbe improvemente tbereon. PreeenLment, pratest. and notica ue hereby waived. ~ ~ . ~ ~ /5 x , ~~t 2~ ~ f. -2 `I - r (ggA~,~ , BERT TERR ' ' [~l . ~ And ahall duly, promptly, aad fully pedomn, discharge, execute, eBect, complete, aad oomply ~vith aad sbide ~ by each and every the atipulations, agreements, oonditions, and oovenanta of said promiseory note and of thia i mortgage, thea thia mortgage aad the estate hereby created s6all ceaee and be null and void. Tbe Mortgegor further oovensats aa followe: l. Th~?t he will psy the indebtednesa, ss hereinbefore pmvided. Privilege is reaerved to prepay st aay time, withoat premium or fee, the eatire indebtedness or aay part thereof not leea than t6e amount of one inatallment, or one hundred dollars (;100.00), whichever is less. Pre~uyment in tuU shall be credited on the date received. Partial prepryment, other than on an installment due date, need not be credited until the next lollowing installment due date or ~ thirty days after such prepayment, whichever is eulier. 2. In order ~nore full~ to protect the securit~- of tFis mortgage, tlie :1~fortgagor, together with,~and in addition to, the monthl~ pa~•n~enta under th~ terms oi the note secured 1?ereby, on the first da~ o( each month - until the said notc is full~ paid, will pa~• to the Mort~agee, as trustee, (under the terms of this trust. as herein- aiter stated) tl~e following su~ns: (s) A sum equal to the ground rents, J any, next due~ plus the premiuma that ~vill neat beoome due and payable on policies of Sre and other hasard insuraace covering the mortgaged property, plus taxes and sssessmenta ne:t due on t6e mortgaged property (all as eatimated by the Mortgagee and of which the Mortgagor is noti5ed) lees all suma already peud thenfor divided by the number of moatha to ~ before one month prior to t~ dute when such ground reate, premiuma, taxea, and asBessmenta be~ome detinquent, euc6 euma to be held by Mortgageeintruattopaqeaidarcwndrents~premiuma,taue~e,andspecialasse~menta. (b) T6e aggregaf,e of t6e amounts pa able pureuant to anbpsra6rsph (a) and thoeepayable ~ the note i+ecured hereby, ahall be paid in a~e psymeat each month, to be applied to the f~llowing items in the order ~ etated: . ~ ~ (n ground reate, ta:es, asaeasmmte, fire, aad other hssard insurance premiums; ~ (II) intereat oa the note eecurad hereby; aad ~ (IIn amortisstion ~ the principal of aaid note. ~ Any deficiency in the smount of such sggregate monthTy psqment shall, unless msde good by the Mor~ gagor pr~or to the due dste of the next such payment, const~tute sn event of default under thia mortgage. At Mortgagee's option, Mortgagor will pay a"late cl~srge" not eaceeding four pet centum (4%) of any install- meat when psid more than Siteen (15) daya after the due date thereot to cover the extrs expense involved in hsndling delinquent pa yments, but such "late charge" shall not be payable out of the proceeda of any sale j~; ~ made to satiafy the ~n debtedness secured hereby, unless such proceeda are sufficient to d~scharge the entire ~ indebtedneas and all proper costs and expenses secured thereby. G ~ 3. I( the total of the pa~-ments ma~i~ b~• thp Mortgngor under (a) of para~raph Z preceding ahall exceed the amount ot pa~~ments actunll~• mad~ b~°t~~e 41ort~a~er, as truste~, for ground rents, taxes and sasessmenta~ ~ and insurance premiu~na, as the case ma~= be, such Pxcesa shal) tx~ credited on subsequent payments to be made ~ bv the 11~iortga~;or for such ite~ns or~ nt Mortgngep's option, as trustee, shall be refunded W Mortgsgor. If, however, sueh ~nontl~l~ pa~•menta shall not lx~ suffirient to pa~ such iteu~s when the same shall become due ~ and pay•able, tl?en the Mortgaf;or shnil pnr to th~ Mort~CsRec, a4 trustee, an~ amount necessary to make up the deficienc}•. Such pa~•ment ~hall be mu~e within thirtp (:i0) da~~x aRer writcen notice from the Mortge~;ee stat~~R the amount of che deficiency, which notice mty be given by msil. If st sny tame the Mortgagor ehall ~ . ~ _ _ ~ ~ ~~4--~~~-~