The URL can be used to link to this page

Home My WebLink About0778 _ ~ _ _ _ _ .iii ~ _ The Mortgagor herob~ oovenaab with the Mortgageh that 6e is ioi t ~ ~ ~ set ~ ! d land is ies eiamannpple or such other estale~ d say asu elated herein; that he has f ull power sad la ul right to convey the swans at< aforesaid; that the lead n tree ~rom all eaeumbrsnces except as herein otherwise recited; that aaidl~ortgagor wilt make suo6 further assurat?oes to prow the aforesaid title to said land is said Mortgagee as may bs reason- ~r required, and that said Mortgagor does hereby ful)J warrant the title to said lead, and every pact thereof, sad wilt defend the same against the lawful claims of W perwas w~msoever. ' Paovtnsn A6wATe that if 'the Mortgagor ~hsll pay unto the Mortgages that oettain promissorl? note, of which tLs foUowiag is a wbtautial wPJ, ~ wits = 37, 875.00 Port St. Lucie, gfoeida. August~,h979 . Fosz Vi?ws Rscsivsn, the undeesggned protaise(s) to pay to SOUTHERN MORTGAGE ASSOCIATES, INC., authorized to do business in the State of Florida a oo:poration organised and eaoetuoa nndee the laws of Arkansas , or ~ P~P~ ~~tY''se~n ~ eight hun- cdced seventy-five and 00/1^.,v-- 3 7 , 8 7 5.0 0 with interest feom data at the rate ai -----Ten------------~ eentum (10 pro) Pw aar?um on the unpaid balaaoe until paid. The said principal sad interest shall be payable st the office of Southern Mortgage Associates, Inc., 1999 SW 27th Avenue in Miami, Florida , ~ at such P~ ~ ~ ~d~ X41 m writing delivered or mailed to the debtor, in monthly installments ot'n'~'ee hurld>r+ed ~tY-~~°L~ ~~~m (i 3 3 2.5 4 eommeacing an the 5rat day a[ October , 19 7 9, and continuing on the 5rst day of each month thereafter until this note is tnDy paid, except that, ii not sooner paid, the final ppaa t of prissiest and interest shall be due and payable on the first day of September , 2009.y~ Privilege is reserved to prepay at any time, without premium or fee. the entire indebtedness or aqy part thsewi not lee than the amount of ens iuWi~lmerit, or one hundred dollars (=100.0, whfche'vac is fees. ttepaymsat lei toll sbaU be credited on the date received. PartW Prepa3?meat, otMr than on an iaaalltgent d~ date. need not be ce~edited until the next followtog installment due date or thirty days attev suds prapsymsnt, whkhever is earlier. Ii any deficiency in the pa t of any instatLnent under this note m not made good prior to the due date of the asst wch installment, tbs entire principal sum and socrued interest shall at once become due sad p~ay- able without notice at the option of the lder of this note. Failure to exercise this oplion shall not oonstiitnts a waiver of the right to exemiee the same in the event of any subsequent default. In the event of default in the payment of this note, and if the same is collected by an attorney at Lw, the undersigned hereby agree() to Pay all costs of collection, including a reasonable attorney's fee. This note is secured by mortgage of even date executed by the undereigaed oa certain property described therein end represents money actu y used for the aoquiaitioa of said prbpecty or the improvements thereon. Presentment, protest, and notice are hereby waived. . ' r 1s,L..~~Y,.~.~ ~ Rauso ~ ANTHONY N. RAUSO ~ ~c~ Marie A_ 13aus0 [sBAL] MARIE A. RAUSO [mil And shall duly. Promptly. and fully perform, discharge, a:scuts, effect, oompkte, end comply with sad abide by each and ever)r the stipulations, agreements, oonditiona, sad ooveaaats of said promissory cote and of this I mortgage, then th~a mortgage and the estate herby created shall cease sad be null and void. ~ The Mortgagor further ooveoaata as follows: f 1. That he will pe?y the indebtedness, as hereiabefore provided. Privilege is reserved to pnP'?Y ~ ~Y tip, without premium or tee, the satin indebtedness or any part thereof not leas than the amount of one inatallmeat, or one hundred dollars (i100.00), whichever is less. Prepayment is full shall be credited on the date received. Partial prepayment, other than on an installment due date, need not be credited until the neat following installment due date or thirty drys after such prepayment, whichever is earlier. 2. In order more fully to protect the security of this mortgage, the Mortgagor, together with and in addition to, the monthly payments under the terms of the note secured hereby, on the first day oI eac~i month until the said noto is fully paid, will pay to the Morigagee, ss trustee, (under the ternis o[ this trust sa henin- aiter stated) the following awns: - (a) A sum equal to the gramd recta, if any, next due, plus the premiums that will nert become due sad payable ' an policies at fire and other hssard inauraaoe ooveru~g the mortgaged property Plus taxes and seserameats next due on the mortgaged property (all as :~timated by the Mortgagee an~ of which the Mortgagor is noti5ed) kss all sums a1r~d~ paid therefor divided by the number of months to before sae month prior to the date when such ground rests, premiums, taxes, sad aaee~ts will become delinquent, such sums to be held by Mortgageeintnisttopayssidgramdrenta,Premiums,tazcs,aadspecialaseeesraenta. (b) The ag®regate of the amounts payable pureuaat to snbpsrsgraph (a) sad those pay~k on the note secured eer~~ebby~, shill be paid in s einele paYmeat each month, to be applied to the fel{ewiug items in the order hstated: (Y) ground rants, taxes, assessments, fire, sad other hasard inwraaoe premiums; - (In intsne~t on the note secured herby; sad (III) amoriuiation of the principal o[ acid ante. Any_deficiency in the amount of such aggregate monthly ~syment shall, unless made good by the Mort- gagor prior to the-due date of the next such payment, constitute as event of default under this mortgage. At Mortgagee's option, Mortgagor will pay a "late charge" not exceeding four per centum (4%) of say ins_ tall- meat when pod more than Sheen (lb) days after the due date thereof to Dover the extra expense involved in w handling delinquent psyymeats, but such "lace charge" shall not be payable out of the proceeds of any sale 8~ made to satisfy the indebtedness secured hereby, unless such proceeds an sufficient to discharge the entire ~ indebtedness and all proper swats and expenses secutied thereby. - 3. It the total of the pa~-inents made h • the Mortgagor under (a) of paragraph 2 pn~eding shall exceed the amount of payments actually made b~• tie Itiiongagec, as trustee, for ground rents, taxes and assessments, and insurance premiums, as the case niav be, such excess sl~sll be credited on subsequent payments to be raade by the Mortgagor for such items or, at Mortgagee's option, as trustee, shall be refunded to Mortgagor, I(, however, such montly pay meats shall not !x~ sufFi tent to pad such items when the same shall become due and able, then the Mortgagor small pay to the ~ongagec, as trustee, any amount necessary to make up the deficiency. Such payment shall be made within thirty (:i0) dsvs after written notice from the Mortgagee stating the amount of the deficiency, which notice may bs gives by mail. Ii at any time the Mortgagor shall