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Home My WebLink About0882 The Mortgagur hereby covenaata with the Mortga~;ee~ tLst he is indel~essibl,~pair.ed ot said land in fee ~imple or sucb other estatet J sny aa is staled bareia; tba1, he hsa f?tll power and IAwi~ll~right to oopvev the anme as atoresaid; that the land ~a tree from sU eaeumbranceB except ~?s herein otherwise recit~e~1; that said~vlort~~agor ~vill m~lca such turtber assurances to provo We aforesaid litle to s~id laAd in said Mortgagee as msy be reASOn- ab~ynq uired~ snd that said Mortgago~ doea 6ereby lully w~~rrant We Litle Lo said Iand, ond every part thereoi, •ad will defend Lhe s~me agsinst the lawiul claima of all persons whomsoever. P~tovtDSO A4~r~YS tb~t i! the l~iortgagor aho?ll p~y unb the Mottgages Wa6 oertain promissory note~ oi wLich Ws following is ~ subst~nti~l coPS. b wi~: =17,500.00 ~ Stusrt March 9,19 7 Fos Vru.us RscsivsD, ~the undersigned promiae(e) to p+~y to SOUTHERN MORTGAGE ASSOCIATES, INC., authorized to do business in the State~ of Florida ~ s oorporatioa or6aniaed and e~ostina under tbe lsws of Arkansas . or order~'tbe principal sum of Seventeen thousand, five hundred & no/00----~------__~__~ra (=17,500. QO wit,h intereat lrom dnte st the rat~e ot eight & three-fourtt~ ~tum 7~'0) per annum oa the unpaid balanoe until p~id. The aaid principal and in~erest sAall be payable at the office of Southern Mortgage Associates, Inc., 1999 S.W. 27th Avenue ~ Miami , Florida 3314 5 , or at such otber plaoe aa the hdder m~y d~ste in wriLing delivered or m:~iled to t6e debtor, in monthly inst,allments of Onehundred,fourty-four U3 ~1"r" ' ~=14 4. 0 3 CO~~e°cing on the fust day of Apz`i 1 , 19 7$, and oontinuin6 on the ~ first day oi esch month thereafter until this note is fully pud~ e~cept that~ if not sooner paid, t6e final payment ' oi principal and mterest ahall be due and psyable on the firat dsy oi M ch ~ 2003 ' ~ privileQe ia reserved to prepsy st any time, without premium or fee.~ entue indebtednees or any parL th~eot not less Wsn the amount ot one installment, or one hundred dollus (=100.00). whichever is less. Aepayment in [ull z ahall De credited on tde date received. Partial prepayment, other than oa an installment due date, need aot be credited until the ne~ct Idlowing installmeat due date or thirty days after wch prepayment, wAic6erer is eulier. ~ ; Ii sny deficiency in the payment of any u~stalltnent under thia note is not made good prior to the due date of the nezt such inatellment, the entire principal sum and accrued inte~rest shall at onee became due and pay- sble without notice at the option of the holder oi this note. Failure to ezercise this option ehsll not oonstitute ~ waiver of the right to ezercise the aame in the event of any subeequent default. Ia the event oi defsult in the psymen~ of this note, and if the same ie collected by sn attornay at lsw, the underaigned hereby agree(s) to ; psy all costa of oollection. including a ressonable a~torney's fee. 'fhis note is eecured by mortgsge oi even date executed by tha undersigned on oertain property described ~ t,herein snd rapresente money actually used ior t6e acquisition of esid property or the improvemanta thereoa. ~ Presentment, protest, and notics are 6ereby waived. + ~ / ..-x-~_ G [gF~?I,] ~ Francis . Ziemb~ Jr. [s~.] ~ , n G rn 3EAL ~ ~ ~ . ~ ~Y1~C - [ ] ' Lilian A. Zfemba, ~ (sFr?L] ~ And shall duly, promptly, and fully pedorm, discharge, execute, eAect, complete, end comply with and abide ~ ~ by each and every the atipulations, agreementa, conditions, and covenants of eaid promiasory note snd of thia ~ k mortgege, tden this mortgsge and the estate hereby created shatl oease apd be null and void. . ~ e - ~ The Mortgegor further covenants as followa: ,`s 1. T6at he will pay the indebtedness, as'hereinbefore provided. Privilege ia reserved to PrepaY at say.time, ~ without premium or fee, the entire indebtedneas or say part thereof not less thsa the amount of one inataIlmen~; os. one hundred doUais (a100.00), whichever is less. Prepayment in fuU s6aU be credlted on the date teceiv~ei~.~t~ir'tSa1 ~ prepayment, other than on an installment due date, need not be credited untii t6e aext fdbwin` instaWrqmt due dit~aF~ ~ Wirty days after such prnpayment, whichever is earlier. 2. In order tnorP fuli~• to prote~t thF securit~ of this niortga~e, thc ~tortgagor, together with,~and in ~ addition to, the inonthl~- pa~-menta under the terms of ti~e note se~ured liereby, on tl?e first da~ of each montt? ' ~ until tLe said note is full~ .paid, will pa~• to the :lriort~agee, as truslPe, (undrr the tPrms of ~his trust as herein- = after stated} the following suuis: : ~ (s) A eum equsl to the ground rents~ if any, next due, plua the premiuma that wili next become due and payable o~n policiee of fire and other hesard insurance covering the mortqaged property, plus taues snd assessments ~ next due on the mortgaged property (all ea estimated by the Mortgagee and ot which the Mortgagor ia _ ~ notified) leee all auma already paid therefor divided by the number of months to elapee before one month J prior to the date ~vt~ such ground renta, premiuma, taxes, and sa~amenta ~11 beoome delinquent, ~ euch eums to be held by Mortgageeintruattopsqsaid6ra?ndrents,premiums,taues,aadspecialaaseesmenta. 1 (b) The ag~gate o! the amounts psyable pureuant to subparagaph (a) sad those peyable on the note necured ; ~ hereby. ehi~l be paid ip s aingle paymeat esch m~th, to be spplied to the f~llownng items in t6e order ~ stated ~ ~ _ (n ground rente, ta:es, aaeesammte, 5re, aad other hasard insurance premiums; ~ ~ (II) intereat on tLe note eecnred henb~y; aad ~ ~ a;: (IIn amortisstion of the principal af ~id note. - ~ Any deficiency in the unount ot such aggregate monthly psyment aball, unleas made good by the Mortr % ~ gagor pr~or to the due date ot the next such psyment, const~tut.e an event of de(sult under this mortgage. ~ At Mortgagee'a option, Mort,~;agor will psy ~"late charge" not eacceeding lour per centum (4°Jo) oi sny install- , went when paid more Lhan fitteen (15) dsya sfter the due date thereof to oover the eactra expense involved in ~,o ~ handling del'inquent payments, but auch "late chuge" ahall not be payabie out of the proceeda oi any sale " ~ ~ made to sat~sfy the indebt~dneas secured hereby~ unleaa such pmceeds are sufficient to d~scharge the eatire ~ ~ ~ indebtedness and all proper costa and exper~ses secured thereby. ~ ~ 3. It the total af the pa~~nents maci~ b~ the Mortgagor under (a) of paragrnph 2 precedinR shall exceed ? ~ the amount of pa~menls acluull~ mad~ bv t~ie ~1ort;csRee, sa trusteP, for Rround rents, tazes and asses.cments, ~ = ~ and insurance prnmiu~~~s, as the case mn~~be, su~h exceas aLall be credited on subsequent payments to be made ~ ' bp the :biortgagor for aucl~ ~iterns or, at MortgaReP's option, as trustee, shal) be refunded to Mortg4gor. If~ ~ ~ however~ surh nwntldy ps~ments shall nol ix~ suffi~ient to par such items when the ssme ahall become due Q~ - r?nd ps •abie~ then tl~e Mortga~;or sholl pa~ t~ tl~e Mortgagec, as truster, nn~ amount necessary W make up QCy ti the de~c~enc~. Such pa~inent ahsll be made within thirt~ (30) da~~s a(ttr written no6ice trom the Mortgagee ~ atavng fbe amount oi the deficiencp, which notice msy be given by mail. If at any time the Mortgagor shall . } ~ J ~