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r hereb oo~enants with the Mortgageti tL~t he is indeC 'bb se,'~sed ot,M~d Lnd ia fee ~
The Mortg~go 7, ~w{ nght t~o eoovev the sRans
or sucL otLec at~tet d aqy as is ~tated heroia; Wat he Las tull powsr ~a 1~ ul
as~ie+e~aid; thu tLe iwd m ires ~roai ~ll ~ncumbranoes axosp~ as hereia otberwioe recited; th~t saidlviortgsgot
witt make suc6 furlher asunaoe~ to pro~e tLe atoraaid title b~aid land ia said Mortg~gee ~a ma~ be re~so~
req uired, aed tbat said Mortg~os does Leceb~ i~ warran~ t6a title to said land, sad e~~ pact ihereot~
~wiU detend ti~ ~ame ~g~i~~ L6s 4wiu1 cLims oi pars~a whonzsosvee. ,
Pa~orwsa AL~r~~rs tbat i! the Mottga~or e~aU py nato tbs Mortg~gres t~h~?! oert,ain promiswr~? note~ oi ~
wLieh ~bs tolbw?iog is a wbtaatisl ooP7. to wik E
= 33, 000 .00 Fort Pierce~ Fio~ida. j
July 121979 . #
goa V~?~.os Rsc~su, tbs undee~ed piomise(s) to P~J? b SOUTHERN MORTGAGE ASSOCIATES,
INC., authorized to do business in the State of Florida
, s eapoe~s~n o~~c,ised aad caoe~ under tb° i
1.ws of Arkansas • ~1D"~ Thirty--.t,hree thousand and ~
00/100---------------------------- 33, OOQ .00 wit6 tnte~+eet from date at
We rate ot ------Ten---------- P~ oentum ( 10 9'o).P~ ~nm on t6e rmp~id bal:aoe nnW paid.
T6e aaid princip~l snd iate~+es~ sball be w?Y~ Southern Mortgage Associates, .
Inc., 1999 SW 27th Avenue ~ ~
ti
~ Miami , Flor ida ~°c ~?t °u°h °tb°r pl~''°° aa tb° hdder may d°°~~oate in writins
delivered or mailed to the debtor, in manthly _inatallmente d~ hundred eighty-nir~e & 74/100 DdLra
289.74 ),~~~~~~'Of August ,~s79,~d~~~~~
first dsy oi esch month thereatter until tbis note is iully pud~ eacept thst, ii n~ti sooner paid, tLe Snal payment
of princ~pal and mterest shall be due and psyabk on tha Srst d~y oi 1 ~ 2 0 0 9•
t~ Y
p~rivi~eae ia reserved ~o prep~y ~t any tame~ witbouti premium or fee. ths entire in ebtednees or sny P~
t6eceoi not las tbaa t6e amount ot ooe iratillmenk a oae 6uadred doWes (i100.00). whk6e~er i~ les~. trepaymeat fa tuU
d~all be credtted oa the d~te receined. PartJd PreWYment, otl~at tban oa m instatla~nt due date, need oot be ¢redited until
tbe ne~ct foDowios ~Shllment due d~te or t6lity days afte~ ad~ pnp~yment, whkLe~er h ~arlkr.
Ii any deSciency in the pn t of any inatallment under tbis note is not made good prior to the dne d~te
P
oi t6e ne~ct such installmen~, , e entire princiPal aum and accrued interest s6all st onoe beoome due ~ad pay-
able without notice at the ophon ot the holder oi this note. Fsilure to ezerciee tLis option aLi?ll not oonsvtute
a ~raiver of the righL to esercies the ssme in tLe event of uny subaequent defsul~ In the event oi deisult in the
payment oi t~6is note, ~nd if the same is collect~ed by an stitorae~ st law~ tLe undersigned Lareby agree(s) to
pay all oosts of collection, including a reason~ble attorney's fee.
TLis note is eecured by mortgage of even dste esecuted by the undersigned on oert~in pmperty described t
tLerein sad rep~resents money actu~lly used for the acquisitioa oi said property or the improvements thereon. ~
. ~
Preeentment~ protest; and notice are hereby waived. 4
~
i
/~L arvev v . Perry [ss~?i.] ~
HARVEY L. PERRY ;
/ a
/ Tweedie M _ PErry [BS~L] `
~ . TWEEDIE M. PERRY ~
~
i
• ~
~ ~ ~~L~ ;
~ And shall duly, promptly, and fully peiform, discharge, execute, eBect, oomplete~ aad eomply with and sbide ~
by esch and every the atipulations, agreementa, conditions~ aad oovensata of eaid mmieeory note and of this i
OA8
mortgage, t6en this mortgage and the eetate hereby crested shall ceaee and be null an void.
The Mortgagor fust~u oovensnts ss followa: [
1. That he willpa
y the indebtedneaa, aa hereinbefore ptovided. Privilege ia reserved to prepsy st any time, [
without premium or fee~ the entir~ indebtedneas or any psrt tbee+eof not leea thaa the amount d one inseallment, or t
one hnndred dollus (;100.00), whichever is less. Prepayment iri tuD s6all be ciedited on t6e date received. Partial . ~
prepayment, other than on an installment due date, need not be credited until the next tollowing installment due date or
t6irty drys atter such P~WY~t, w6ichever is eariier.
2. In order more fully to protect the securit~• of this mortgaf;e~ the Mortgagor~ together with,~and in
addition to, the monthl~ pn~~?ients under the terms of the not.e secured l~ereby, on the first da~ of each month ;
until tlie said notc is fu~ly paid, will pa~• to the 1~tort~agee, as trustee, (under the ternLg of this truat as herein- ;
after atated) the following swruz: ~
(a) A eam equal to t6e grouad r~ta, if any, next due, plua the premiuma that will next beaome due and payable
on policiee of 5r8 and other ha~rd insurance oovering the mortgaged property, plus ta~ces and asaeasmenta
next due oa the mort~aBed propertY (sU ae eatimated by the Mortgagee snd of which the Mortgagor ia
noti5ed) leea all eums already paid theretor divided by the number ot montha to elspee before one moath '
prior to the dste wben auc6 ground renta, premiuma, ta:ea, aad aeeessmenta will beoome delinquent~ :
euch sums to be 6dd by Mortgageeintruattopsyesidgnwndrenta,premiuma~ta~cee,aadspecial8as~nenta. ~
(b) The aggregate ot the amounta p~ able pursuant to aubparagrsph (a) and thoeepaq~
le on the note aecured F
~ hereb . ahill be psid ia s eing~e WYmeat eac6 mont6, to be appLed to the f~llowing items ia the order
sta~
' (n ~round rmte, ta~es, s~snneate, Sn, aad other hassrd insuranoe premiums;
, (In inteee~eat on the note secured herEby; aad
(IIn amortisstian ~ the principsl of eaid note.
~ Any deficiency in tt~e amount oi aucha~e~a te monthly ~syment shall, unlesa made good by the Mor~
~ gagor pr~or to the due date o[ the next such psyment, const~tute an event of defsult under this mortgage. i
At Mortgagee's option, Mortgagor will pay s"Iste charge" not excee~ing four per centum (4%) of any instsll- ~
ment when paid more t6an Sfteen (15) days:fter the due date thcreof to cover the extrs expense involved in
handling delinquent paym
ents, but such "lste charge" ahall not be peyable out ot the proceeda oi sny sale ;~~o
made W sstiafy tae indebt,~dness secured hereby~ unless such proceeda ue sufficient to d~sc6arge the entire ~
indebt~edness and all proper cost8 and eupenaea secured thereby. ~
3. If the total of the pa~•ments made b,• the Mortgngor under (s) o( para~rnph 2 precedinq ahall exceed ~
the amount o( pavments actuull~ n~e~l~ b~• tl1e biort{~sEter, as truate~, for ground rents, taaes and aeseasments, ~
and insurance premiun~s, as the case ~na~ be. such exceas sl~all be credited on subsequent psyments W be msde c
by the '.1~iortgagor for suc1~ iten?s, or, at Mortga~;eP's option, as trustee, shall be refunded to Mortgagot. Ii~
however, such montldy pa~•ments shol) not i?e sufftS'ient to pa~ such items when the same shall become due ~
snd pa •able, then tlie Mortgagor shull pa~~ to the ~4lort~ta~ee, us trustee, s?n~ amount necessary to make up ~ :
the de~cienc~. Such pa~ment shaU be n~a~ie within thirty (:i0) da~~s alter wrilten notice from the Mortgagee ~
stating the smount of the deficiency, which notice msy be given by mail. It at sny time the Mortgsgor ahsll ~
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