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Home My WebLink About0788 . . • w ~ - 1`he Mortgag~r hereby covenwts ~vit,h the Mortgagee~ that he is inde~eaaiDly se~zed oi asid land ia fee ~imple or such otbes estAte~ d~ay as is stot,ed herein; thut he has tull powec and l~wiW rig6t to ooavBP ths sxme as aiareeaid; W~~ t6e laad ~s iree from all eacumbrauces except as herem otherwiee recited; that eaid~iortgagor es y will malce such furtt~er aasur~?naes to prove the atoreeaid tiW~ to wud land in said Mortgagee se ma be reusou- ablyreq uired, and tha~ said Mort~agor does hereby full ~rarraa` the title to said land~ and every part thereoi, and ~ril[ detend the aame ~ag~iuat the la~?ini cLims ot ~ pernoas ~vhoc~oever. Pnovia~ A~wr~Ya that ii t6e I~io~tgagor a6a11 pay unto tLe Mortgages tha6 oestain promiaeory aote, oi wbic~6 We tollowing is ~ subat~aLial ooP~, to witi: i 20, 000.00 Fort Pierce , F7o~id~, . September 29 , 19 78 . Foa Vwt.vs Rscs~vsn~ the undereigued promisc(s) to psy b TNS IAMAS ~ NLTTI.ETON COI~ANY , s oorpontion organiaed aad e~i~ under tLe laws ot the State of Connecticut~ ~ order, tbe priacip,sl eum ot T~IENTY TEi~pUSAND and no/100---- ----------------------------------------'flollais (i 20,000.00 with intec+est from~de?te at the rste of I~IINB b~ ON8 F~AI.F per centum ( 9~ Per anaua~ oa the unpaid balance until p~id. The esid principal and intsrest ehall be payahle at the o~ce of The Loams b~ Nettleton Company P. 0. Box 964 . ia Virginia Beach, Virginia 23451 oc at suc6 ott?er plaoe ae the holder msy deaignste ia ~vriting delivcred or mailed to the debtor, in monthly instaUmente of ONS HITNDRSD SIXTY-BIGHT ~ 20/100 16$.2Q j~ commencing on the first day oi November , 1978 , snd continuina on the first day of each month thareafter until thia note is fully paid~ ea~oept thst, ii not eooner pud, the final psyment oi principal and interest shall be due and psy:ble on the firat day oi October, , 2008 Privile~e is reserved to prepay at suy time, without premium or fee. tha entire indebtedneee or any patt thereot aot less than the unouat of one insWlment, or oae hundred doUars (=100.00), whichever is less. Prepayment in tull shdl be credited on the date received. Partial prepaymeat, other thaa on an instatlment due date~ need not be credited unti! the nent fdlowing instatlmedt due date or tl~irty days after such prtpayment, wfiicbever is earlier. Ii any de6ciency in the pa ment of sny installment under thia nots is not made gcwd prior to the dus dste of tbe nest such inste?liment, ~e entira principal sum and acerued interes~ ahall at once beoome dus snd ~sy- able without notice st the option of the holder oi this note. Failure to e:crci.ge this option ahall not oonatatute t waiver of the right to ezercise f~?e ssme in the eveaL of sny subeequent default. In the event of default in the payment of Lhis note, and ii the asme ie oollected by an attorney st Lw, t,be undersigned hereby agree(a) to pay sll oosts of collection, including s reasonsbla attorney'a fee. - This note is aecured by mortgage of even date executed by the underaigned on certeun propetty described therein and representa money actually osed !or Lhe acquieition of anid proper~y or. the unprovements thereon. Preeentment, protest~ ond notice ue hereby waived. - . Dale R. Crownover _ ~gg~,~ ~ DALE R. CROWNOVER ~ /s/ amela R. Crownover ~S,g,~L1 Pl1~[.A R. CRO~INOVSR - - [s~l . (s~L) And shall duly, promptly, and fuUy pedorm, discharge~ execute, eBect, complete, and comply arith and abide by each and every the stipulstions, agreements, conditions, and covenants of said promissory note and of this mortgage, then this mortgage and the estate hereby created shall cease and be null and void. The Mortgagor further covenants as foUowa: 1. That he will pay the indebtedness. as hereinbefore provided. Privilege is reserved to prepsy at aay time, without premium or fee. the entire indebtednesa or any part thereof not less thau the amount ot one installment, or one hundred dollars (i100.00), whicbever ia lese. • 2. (n order roorc~ full~ to pmtect the securi~~- af this mort~age, the '•liortgagor, together witl?, and in addition to, the monthl~• pa~•ments under the ter~ns of t1?e note secumd hernb~•, on the first da~- o! each month u~til the said notc~ is tu~h~ paid, will pa~• to the 1lortgn~se, as trustPe, (under the tcr~ns of this trust as herein- after stated) tLe following sun?s: (s) A sum equsl to the ground renta, if any, next due, plua the premiums that will next 6e~ome due and payable on poticiea of 5re and other hasard insursace cov~rir,g the mortgaged property, plus taxes and assessments neat due on t6e mortgaged property (all ss eatimated by the Mortgagee end of which the Mortgagor is notified) less all sums already p~d therefor divided by the number of months to elap~e before one mont6 prior to the date when such ground rents, premiums, taxes, and sesessmenta will become delinquent, euch aums to be heid by Mortgageeintnisttopaysaidgnwndrents,premiums,taaes,andspecislessessments. (b) Tbe aggregate of the amounts paysble pur~snt to aubparsgraph (s) and thosepayable on the note secured atated:~ shall be paid in a single P~Yment esch month, to be applied to the following items in the order (I) ground renta, ta~ces, s~menta, fire, and other 6asard insurance premiume; (II) interest on tbe note eecured herebq; sad (III) amortisation of Lhe principsi of said nate. Any dehciency in the amount of such aggregate monthly payment ahall, unless made good by the Mor~ gagor pr~or to the due date of the next suel~ psyment, constitute an event of default under thia mortgage. At Mortgagee's option~ Mortgsgor wil! paS s"late cl~arge" not eacee~ing four per centum (4%) of any install- ment whenp~ id more thsn Sfteen (15) days after the due date thereof to caver the extrs eapense involved in handling delinquent ~ayments, but such "late charge" shsll not be payeble out of the proceeda of any sale made to sstisfy the ~ndebt,~dness secured hereby, unless such proceeds are sufficient Lo dtscharge Lhe entite indebt~edness and a!1 proper costs and expenaes secured thereby. 3. If the total of the pa~•ments ~uud~ b~- the Mortgugor und~r (a) of pura~raph 2 precedin~ shall exceed the amount of pa}-ments actuull~- ri~s~l~ b~• t~ie lioctKaKee, ss trustcr, for ground rents, taxes and sa.gessments, and insurance premiun~s, ss the case u~a~~be, such exceas ahall be credited on subseyuent payments to be made by the Mortgagor for such itetns or, ut b4ortgngee's option, as trustee, s}~all be refunded to Mortgsgor, If, however, sueh n?onti?ly payments shalt not ix~ suffi~•ient to pa~- such items Khen the same shall become due and pa ~ab1e, then t!?e 141octga~or s}tull pnv to tl~e :Vlort~;8~ec, n.s trustee, an~ amount necessery to make up the de~ciene~-. Such pa~-ment shall be mude within thirty (:30) da~~a after written notice trom the Mortgagee ststing the smount of the deficiency, which notice msy be given by mail. If time or ehall ti R 60G~ FAG1 ~ - - ~