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Home My WebLink About0376 . Ths Mortgagor hereby ooveaanta with the Mortgagee, that hs is indet~ seised-et~sbid land is ter impk or such other estate J nay as is stated herein; that he has full power nail alright to oopvev the same as e+esaid; that toe land ~n f»s ~rom all eneumbranoes e~coept se herein otherwise recited; that asid~ortgagor wlll make such further aruraaoea to prove the atoi+eaaid title to said land in said Mortgages ss my be reaon- r~'e~qQuiesd, soil that said Dd does hes+eby i warrant the title to said 4nd, and every' part thereof, wW defend the same a6ainat i~ lawful olaima os~ perwaa whomsoever. psorinsa ALl?ATa that it the Mortgagor shall pa, Hato-the Mortgages that certain promribry note, Ot which the following is a substantial Dopy, t0 wit: i 3b,000.00 Ft. Pierce ; biocide. September 4, ,1979 . Fos Viws Aswavssa, the pa(s) ~ 1~1Y ~ - - COUNTRYWIDE FUNDING OORPORATION , a corporation aeganised and emSatiot Hades the b?wa of the State of Nev York , a order, the principal cum of Tl?irty-Four Thousand and 00/100---------- (i 34,000.00 with iater~est from date at the rats of Ten p~ (10 90) t~ annum on the unpaid balance until paid. The said principal and interest shall be payable at the Dice of COUNTRYWIDB FUNDING CO1tPOBATTON 3440 Wilshire Blvd., in Los Angeles, California 90010 , or ax such ether place as the holder mryy deeigaste in writrng delivered or mailed to the debtor, is monthly iasRallments of Tro Hundred Ninety-Bight !k 52/00 298.52 . oomme+ncing on the Brat dai7 of November . i9 79 ,and ~ ~ (i - _ first dad of each month therbaiter untill this note is fully paid. except that, it not sooner paid, the final payment of griacrpsl cad mterest shall be due cad payable oa the fast day of October 2009. Privilees is reserved to prepay st say time, without preminm os~ tea the entire indebtedness or any part thereof not lee than the amount of oas l~aeot, os oak hundred doffs (iii-~), b ~ t la t'nU shall bs credited oa the dots rsoeivod. Pactid prepayment, other than oa an b~allmmttdw data, need act b crsditad until the dent to8owlag inetallmeat dye date ar thirty days after such prepayment, whicb~rer Y . If sa, defieaency is t~ payment of nay inatallaneat under tLis cote is not made good prior to the doe date of the aezt such installment,- the entire pnr~pal sum and :Darned interest shall at once become due cad pay sbk without notice at the option of the lalder of this note. Failm+e to e:erciss this opption aball not conatitnts a wai~eer of the right to exercree the same in the event of say subsequent detwlt. In the event of dedanlt in the payment of this rota, and if the same is collected an attorney at Lw, the nndersa~gaed hereby agree(s) to pay all costs of collection, including a reasonable at~toracy'a fee. 'This note is secured by morttgags of even date eucuted by the underfed oa certain property described therein cad represents money ac y used for the aoquisitioa of said property or the improvemsat+s thereon. Presentment, protest, cad notion sae hereby waived. . [tlllllL~ D, OSEPH ROBE , JR. [t3aAi.] [Ser?L] j RO LLOYD [tlt3AL] And shall dnly, promptly, cad folly perform, discharge, ~?l~, cad comply with cad abide by each and cver~? the atipulatioos, agreemeata, eoaditiens, cad eoveaanta of aeud note cad -of this mortgage, then this mortgage and the estate herby er~ted eha11 cease cad be null void. The Mortgagor further covenants as follows: 1. That he will pay the indebtedness, as hereinbefon provided. PrivOege is reserved to popsy st aaY tip, without premium or fee, the entire indebtedness or any part thereof not lees than the amount of one inatallrneat, oc one hundred dollar (¢100.00), whichever is less. Prepaymrot is full ahari be credited on We date received. Partial prepayment, other then oa an installment due date, need not be credited wt0 the nezt f811ovrin~ installment due date or thirty days after snch prepayment, whichever is earlier. 2. In order more fully to protect the security of this mortgage, the Mortgagor, together with ~aad in addition to, the monthly payments under the terms of the note secured hereby, on tthhe first dry of eac,~r month until fire said rota is fully peril, will pay to the Mortgagee, as trustee, (under the terms of this trust as herein- after stated) the following awns: (s) A sum equal to the ground rents, if nay, next due, plus the premiums that wr~l next become due cad payabb on policies of 5re and other hssard insuraaoe emreting the mortgaged property plus taxes and assessments neat due an the mortgaged Property (all as estimated by the Mortgagee an~ of which the Mortgagor is notified) leas all soma alres?dy paid therefor divided by the number of mantha to elapse before one month prior to the date when eacchh ground rests, premiums, taus, cad aseeeemeats wiillll tieoome delinquent, sorb sums to be held by Mortgageeintrusttopayesidgrormdr+eata,Premiums,ta~ces,aadepecidaesessmeat~s. (b) The agge+eg~?te of the amonats ps pursuant to subparagraph (s) and those ppaa on the note secured shall be pard in a yment each month, to be applied to fire f~ items is the order (n ground rents, taus, assessments, fu+e, cad other hasard insuraaoe premiums; (In intmst on the note secured hereby; cad (III) amartisatioo of the principal of said note. Any.deSciency in the amount of wch aggregato monthly payment shall, unless made good by the Mot4- gagor prpr to the due date of the next such payment, constatute an event of default under this morrt~gga~gge. At Mortgagee's option, Mortgagor will pry s "late charge" not exceeding four per centum (4%) of any install- ment when paid more thw Sfteea (15) datgs after the due date thereof to Dover the extra expeaae rnvolved in handling d inquest yments, but such 'late charge" shall ~t be payable out of the proceeds of any sale made to satisfy the r ebtadaesa secured hereby, unless wch proceeds are w~cient to discharge the entire indebtedness cad all proper costs wd expenses secured thereby. 3. If the total of the ps3rorents n?ade h -the Mortgagor under (a) of psragreplr 2 preceding shall exceed the amount of payments actually made by t~e Mortgagee, m trustee. for ground rents, taxes and assessments, and insurance premiunui, as the case ma~• be, such excxsa shall be credited on subsequent payments to be made by the Mo r for such items or, at Mortgagee's option, sa true , shall be refunded to Mortgagor. If, however, aurtcghagmoontldy payments ahsll noL: be wffirient~ p~~ l(u ma when the same shall- become due and payable, then fire Mortgagor shall pelr~to the ~Mor~~~t*~;~?hy amount ne~sary to maka up the deficiency. Such payment slialt~E4MMgts~vilithin thirty (30) days after written notice from the Mortgages stating the amount of the deSciEacy, which notice rosy be gives by mail. u at any time the Mortgagor shall