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Home My WebLink About0793 . , . ea i The Moregagor !?ereby covenwt,s'with ,Lhe.MoMgagew ~s` he i~ indeCea~ibl seiud oi said Lod ia fee ~ple or such ot,her eeats~ d ao,g ae is ac:ced heran; Uhat lie Lea tull powec and 1~ ul rig6t to ooovev the snme aa ~toresaid; tha~ tha tand ~s iras ~t+om all encumbraacee axoept as hereia otherwias recited; that said~tortgagor RriU make such furtber aaurancc~as tA pro~e tbe atoreeaid titl~? tp eaid Iand in eaid Mortgagee Ya m~~ be re+~son- ab required, aad t,haL said Mortg~gor does Leroby full ~rarran6 the tiLle to said land, and every par~ thereoi, ~will deiend ths same against the l~~riul cWms of ~ pec~aons whomsoever. P1tOY1DtD AL~OAT~ ~Z II ~e ~~Ot~L~O~ l~iU 11DL0 MO?~Ob ~L` OOL~1D ~11'Oml~Oi~ ~O~A~ oi wLic6 ths Lol~owiug is s aubst~atial ooPJ, = 38, 500. 00 St. Lucie County~~~ March 30 ~ i~ 79• FoA V~.us Rscsnrso, the unders~ed Promise(s) to P~Y ~ SOUTHERN MORTGAGE ASSOCIATES , iNC., authorized to do business in the State of Florida ~ s oorporstion orr~aanised and e:isiin6 nnder !he V~ ~ Arkansas . a* ~ pr1°aP~ ~'m °i Thirty-eight thousand f ive hundred and 00/100------------- 38, 500. 00 from dste a~ the rste ot nine and one-half P~ ~Wm ( 9. 5%) PB* ~~~P~d b~la~°°° "nw paid. The eaid principal aad in~ a6a111 be paysb1e st the office of Southern Mortgaqe Associates, Inc., 1999 SW 27th Avenue . ~ Miami, Florida ~ or at auc6 other plsoe as the hdder may d~ate in wri~ deliverad or to the debtor~ in montbly inataUments otl'hree ~urtidrfld ,,4tt,~enty-three and 73,b1~~ , 19 79 , sad cantinuin~ oa tDe (i 323.73 oommencing on the fitst~ dsy of May ul firet dsy oi each mont6 theresiter uatil thia note is fully paid, e:cept thst, it not eooner psid, the finalpayment oi princapal and inLec~est a6a11 be dus and payable on the firet day oi Ap~i1 ~ 2009 . p~~ is r~erved to prepay ~ti any time~ witLout premium or fee. the entire indebtednees or any part thereoi aot less t6m the amount o[ one lnstaltment, or oae 6uadred doqais (=100.00j, wdicherer is less. Prepayment ia fuU shall be credited on tde date received. Pattial prepsyment, other thaa ~ an iosWtmeat due date, deed not be ciedited uatil t6e ae~ct fdlowin~ i~taliment due date ot thirty days atter suc6 prepayment, whiche~rer i~ eulier. Ii any deficiency in the paym ent of any installment under this note ia not msda good prior to the due date of tLe ne=t such inatallmenk the entire principai sum and accrued interest ahall et once beoome due and psy- able without notice st the option ot the holder of thia note. Failure to ezercise tbia option shall not oonevtute • waiver oi the right to eserciae the same in the event of any subeequent defs~ilt, in tbs event oi default in the psyment of thia note, snd if the same is oollected by sn attornay at Isw~ tLe underaigned hereby agree(s) to psy all costs of oollection, including s ressonsble attorney's fee. ~ ~ Thia note ia eecured by mortga~e of even date executed by the undersi$ned on certain property deecribed therein and represents money actually used for the acquiaition of asid pmper~y or the impmvemente thereon. Presentment, protest~ snd notict~ are hereby waived. • 1s/ Richard C. Voth , II I . RICHARD C. VOTH, III 1s/ carol T. VQ,~h [~,J CAROL T. VOTH . [s~?L] [s~r?L~ And ahall duly~ promptly, and fully perform, ~ischarge~ execute, eHect, complete, and oomply with an~ abide ' by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of this ! mortgage, then this mortgage and the estate hereby created s6all cease and be null and void. E The Mortgagor further covenants as follows: . 1. That he ~villpa y the indebtedness, as hereinbefore provided. Privilege is reserved to prepay st anq time, - ~ without premiwn or fee, the entir~ indebtednese or aay part thereof not leas than the amount of one instaqment, or ~ one hundred doUais (~100.00), whichever is less. Prepayment in full shall be credited on the date received. Partial } preprymeat, other than on w installment due date, need not be credited until the negt following installment due date or t6irty days after suc6 prepaycnent, whichever is earlier. ~ 2. In order morn full~ to protect the securii~- of this mortgage~ the Mortga~;or, together with,~and in ~ addition to, the monthl~• pa~ inents under the terms of tl?e note secured hereby, on the first da~ of each month ~ until tlie said notc is fu~11~ paid, will pa~• to the ;~iort~u~ee, as trustee, (under the tern?s of this trust as herein- ~ after steted) the following sums: ~ (s) A sum equ81 to the ground rents, if any, aeat due, plua the premiums that will next beoome due and payable ~ on policiea of Sre aad other hs:e?rd insurauce covering the mortgaged property~ plus taues and ass~smenta next due on the mortgaged property (all sa estimated by t6e Mortgagee and of which the Mortgagor is ~ notified) leae aU sums already paid therefo~r divided by the number of months to elapee before one month ~ prior to the date ~vhen such ground renta, premiums, taxes, and asaeasments will become delinquent, ~ eatch suma to~e held by Mortg,ageeintruattopaysaidgroundrents,premiums,tauea,andapecialssseasmenta. ; (b) The aB6regate of t6e amounta payable pureusut-.Lasubparagraph (a) aad those payable on the note Recured ~ hereby, shall be paid in a aingle paymeat each month~ to be appl~ed to the foUowing itema in the order ~ stated ~ (I) ground renta, taxes, aseessmente, fire, sad other haaard insurance premiuma; ' ~ (II) intereat on the note securEd hereby; aad ; ~ (IIn amortiution of the principal d eaid note. ~ Anp deficiencp in tbe amount of such aggregate monthly psyanent shall, unless msde good by the Mort- ' ` gagor pr~or to the due date ot the next such payment, const~tute 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%) of any install- ' ment when paid more than Sfteen (l5) dsys after the due dste thereof to cover the extrs expease involved in ~~o y handling•delinquent payments, but such "Iste charge" ahall not be payable out of the proceeds o! any sele ~='-r ~ made to satisfy the mdebtr.dness secured hereby, unless such proceeds are aufficient to d~scharge the entire ~ indebtedness and all proper coats and expenses secured thereby. , C ; 3. Tf the total of tl?e pa~-ments n~n~le b~ the I~'Iortgngor under (a) of para~!ruph 2 precedinR shall exceed ~ ~ the amount of pa~•ments actunll~• mad~ bv t ~e'.11ort{~ager, as trustee, for ground rents, tnxes and asses_cments~ ~ and insursnce premiw~~s, es t1?e case ma~ ~be, such excesa ahell be credited on subsequent payments to be made , by the '.Viortgagor for susl~ ite~ns or, at Mortga~;ee's option, ag trustee, shall be refunded to Mortgsgor. If, however, such montld~ pa~•ments sl~all not 1~ suffi~•ient to pa~ su~h ite~t~s when the same shall become due ~ and pa}able, then U~e :~tortgagor shull pa~ to thc :Nort~a~e~, ns trustee, an~ amount necessarv to mske up ~ ' ; the deficienc~-. Suc)t parment shell be made within thirtv (:30) da~~s after written notice from t~e Mortgsgee Q ~ steting the smount of the deficieacy, which notice msy be~ven bv insil. _ If at an~.tianq the Mortgagor shall ~ ' BooK ~08 ?'q~ ~Re-Rec4r:i ~ ~ ....N r ;.y _ ~ ~ ~ ~ . . ~~~-zK~ ~~c~,_7~ _ - ' __':xn.~r~ ~'.',Sr.~£`t.