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Home My WebLink About0902 'fLa Mortgagor hereby, covenants with the Mortgagee. t~h~~ he is indeCe~ib~ seiaed ot s~id land in tes sianple or suc6 other estateR J aqy as is atat,ed heraa; t.hat, he haa tull power ~nd lawiul right to ooovev the anme as ~ioresaid; that the land is ires from all eacumbrsnces excapt as hecein otLerwise recited; that eaid~viortgagor will t~n~?ke sucb furtLer aeeuraaoes Lo prove tbs do~esaid tiitle to eaid laad in said Mortg~?gee oa m~y bethereot sb~j seq ui~ed, and that s~id Mortgagoe does 6ereby i~ ~ruran6 the tide t~o aaid laad, sad svery par~ , and wilt deiead tbe same agsi.ast the bwtul claims oi psrsons whomsoever. PROYIDSD ALNAYd ~t It fLe ~10lf$i~0! dbaU pt~ 13IIL0 ~ MOt~$f$~A Wt` OOiLLiD pl'Omll~Ol~ DOL~~ °i which ths tollowing is ~ aubstaatia! oopJ~ to wi~: = 38, 500. 00 St. Lucie County~~ March 30 • 19 79• Foa Vn~.vs R~csivsu. Lhe unde~s~ed W'oaniae(s) to P,Y ~ SOUTHERN MORTGAGE ASSOCIATES, iNC., authorized to do business in the State of Florida . . ~ oorpoeatian o~ised and e~din6 undec t~i?s lsws of Arkansas ~~1II°~ °"m °iThirty-eight thousand f ive hundred and 00/100------------- 38.500.00 f~ ~ ~ the rste d nine and one-half P~ ~wm ( 9• 5%) P~ ~11°° °II 1II~ ~IIOe 1°w ~d' ~e ~;d prin«pv ,nd ;n~ sha111 be puysbk st the o~oe of Southern Mortgage Assoc iates , Inc., I999 SW 27th Avenue ~ Miami, Florida ~t bd~ ~y d te in writina delivered or mailed Lo t6e debtor, in monthly installmenta ofl~r~ txu~dred thirtY`'t~ anci~/100~m (i 232.73 oommencing on the firat dsy of May , 19 79 , aad ooatinuina on the Srat day oi eacb month thereafter until t~~is note is fully paid~ ezcept tLsti, it not sooner paid, the finalpsyment of principai snd mtsrest ahall be due aud pay~ble on the Srst day oi April , 2009 . privil,ege is reeerved to prepsy st sa~ time~ without premium or fee. the entu~e indebtednees or sny Part the~eot aot leac t6~n the amouat oi one inttiUment, or one dundzed dollats (;100.00), wAicdrrer ic las. Yrepaymeat in tull shall be credited oa the date reaet~ed. Partid prrpaymcnt, ot6er than on m iastallweat due d~te, need not be c:edited until the nest fdlowin= inuallme~t due date or thirty days aft~r wch prepaymeat. whkherer ic earlier. If any deficiency in the psyment of any installment under t~is note is not made good prior to the due date of the nezti such installment, titie entire princiP~l sum snd accrued interest shall st once beoome due and Fay- able without notice st t~e opt~on of tLe hoWer of tbis note. Failure to ezerciee this option ahall not oonatttute s waiver of the right to ezam.iae the ssme in tbe event oi.ny subeequent defaul~. In t~he event of detaul6 in the payment oi thia note, sad if the same is oollected by an stitorney at Lw, tLe underaigned hereby agree(s) t~o psy sll oosts oi oollection, including s ressonsble attorney's fee. Thia note ie eecured by mortga~e of even dete executed by the nndersigned on oertain pmperty deecribed t,herein ~nd represents money acLually used for the acquisition of said property or the improvementa thereon. Preeentment, protest~ snd notic~s are hereby weuved. 1s/ Richard C. Voth, III RICHARD C. VOTH, III [_arol T . Voth [gBAI,] CAROL T. VOTH [~?Ll [s~r?i.l ; And shall dulq, promptly,-and fuUy pedorm, discharge, execute, eHect, complete, snd oomply with and sbide ; by each and every the stipulations, agreements. oonditione, and oovenanta of eaid promineory note and of this ~ mortgage, thea thia mortgage and the estate hereby created shall ceaee and be null aad void. ~ 1'he Mortgagor further covenants as follows: ~ l. That he ~vill pay the indebtedness, ss hereinbefore pmvided. Privilege is reserved. to prEpay st anq time, ~ without premium or fee. the entire indebtedneas or any part thereof not leae than t6e amount d one instaWnent, or ~ one 6undred dollars (~100.00), vvhichever is less. Prepayment in full s6a11 be credited on the date received. Partial g prepayment, other than on an installment due date, need not be credited until the next toliowing installment due date or g thirty days after such prepayment, whichever is eariier. e 2. In order tnore (eil[~• to pmtect the securit~ of this mortgage, the MortgaRor, together with,~and in ~ addition to, the monthl~- pa~•ments under the te~ms of the note securecl hereby, on the first da~ of each month until the said note is full~ paid, will pn~• to the Mort~age~e, as trustee, (under the terms of this trust as herein- atter steted) t1~e lollowing sun?.c: (s) A eum equal to the ground rents, if any~ nezt due, plua the premiums that will ne:t become due and paysble on policiea of fire and other hasard insurance oovering the mortgage~ property, plus taxes and as~essmenta ne~ct dne oa the mortgaged property (all sa estimated by the Mortgagee and of which the Mortgagor ia ~ notiried) leea sll sume already pe~d therefor divided by the aumber of months to ~ before one month prior to the date when such gmund rents, premiums, taxee~ and a~ssments wi become delinqueat, ~ auch suma to be held by Mortgageeintrusttopaysaidgroundrents,premiums,taxea~andspecislaseessments. ~ (b) T6e ag~regate of the amounts ps able pursuant to wbpan~grsph (s) and tt?oeepa~ yable on the note secured ~ hereby~ e,hall be psid in a eing~e PaYmcnt ea?ch month, to be sppl~ed to the f~llowing itema in t6e order atsted: (n Bround rents, taxes, assessmente. fire, aad other ha:srd insuranoe pc+emiums; ~ ~(II) interest on the note eecured herebq; aad ~ (IIn amortise?tioa of the principal of eaid note. ~ Any deficiency in tbe amount of such aggregate monthly psyment ahall, unless made good by the MorF ~ gagor pnor to the due date of the next such payment, constitute an event of detault under t6is mortgage. ~ At Mortgegee's option, Mortgagor will pay a"late charge" not exceeding lour per centum (4%) oi any inst~all- ~ ~ ment when psid more than fifteen (15) dsys after the due date Lhereof to cover the extn eapense ~nvolved in c~ handling deliaquent psyments, but such "late chsrge" shall no6 be payable out of the proceeda of any sale made to sstisfy t6e mdebtr,dness secured hereby, unless such proceeda ue sufficient to d~scharge t,he entiro ~ J indebtednesa and all proper c~ats snd expenses aecured thereby. C ~ 3. It the total of the pa~•ments made h~ the Mortgugor under (a) of para~!ruph 2 precedinq shall exceed ~ the amount of pa~-ments actuoll~- mad~ b~' tl~e tiiort~a{ter, as trustee, for ground rents, taxes and as.gessments, and insursnce preiniuu~s, as the case tna~•~bP, such excesa shall be credited on subsequent payments to be made bv the '.biortgagor (or sucl~ ite~ns or, at ~tortgagee's option, as trustee, shall be retunded to Mortgagor. Ii, however, such monthh• pa}•ments shell not t,e suf~'i~•ient to ps~ su~h items when the same shall become due and pa •able, tlien tlic'.~iortga~or shull pn~ to tbe ~tort~a~er, ns trustec, an~ amount necessary• ta mske up ~ ~ the de~cienc}•. Such pa~ment shall be made witi~in thirt~ (30) da}^s after written noLice from the Mortgagee a etsting the smount of Lhe deficiency, which notice msp be giaen by msil. If ~t any Lime the Mortgagor shall ~ .z ; - , . < ; }