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Home My WebLink About2832 The Mortgagor hereby covenants with the Mortgagee, that he is iadef ' ' ~ ~sed ~~(j]~nd in !es simr or such other states ~ any as is stated herein; that he has tul! rower aad~ul,nght to ooave~ "the same r s~iresaid; that the land m tree all eneumbeances ezoept as heron otherwise recited; that slid Aiostgagor will mrraaagqke such f asauranoes to prove tLe aforwid title to said tiwd in said Mortgages as may bs reasoo- and w~i11 d,~'~ t~t,d Ado `g~a~o4~u10 sy iulb warrant the title to quid Lad, iwd evarF past theceot, agaias of paraoas.wbotasoe ec Psovtaso ALwASa shoat if the Mortgagor shall pq ltnto the Mortgages that certain promissory note, of whsob tb~ t~oUowing r a subataotial Dopy, to wtt: i 42, 500.00 Fort Pierce. , I+foeida~. September lAi9 79 . • Fox Virvs Rs~vsn, the undermined pranise(s) to p~ to SOUTHi:RN MORTGAGE ASSOCIATES, INC., authorized to do business. in The State of Florida 4ws of Arkansas . , a and eadWog render the , corder, tbs principal sues of Forty-two thouBaAd- .five hundred and 00/IQQ==---------------~~ (i 42,500.OQ with inter+ed from date a< the rats a[ ---------Ten--------per ( 1096) Per annum on the unpaid balance antd paid. The said principal sad interest shall be payable at tbs o8ioe at Southern Mortgage Associates, 1999 SW 27th Avenue • in Miami, Florida , or at ouch other phoe as the holder may dasigoate in writing delivered or mailed to tbs debtor, in monthly inatallmeats oE~ htu'Idred sevrenty°-thx+ee & 15/~,n 373.15 oammfzariug on the Ent day of October , 1979 , sad ocntiauing ar the tint dad o! each month thereafter until this note is fully paid, earoept that, if not sooner paid, tLe Snalppaaymeat of principal and interest shall be due and payable oa the tint day os September Z00~ Ptisilags is reserved to preps at any time, without premium or fee. the entire indebtedness or aqy part thereof not less than tM asouat of oar iwti~lnnni, or oo. huacbad do0sts (=100.00), whk6e~ros ie ier. Mpayarent in lull shall be credited on tM date. reoalved. t artist prePeYmant, other than on sn t due date, uad not bs a+~ted rraW the nerrt fo8owlrr~ laatailmeot due date or thirty days sitar such pi+epsymsnt, whichever is earlier. 8 say deHcieacy is the pa t of any installment under tLis note is not made good prior to the due d~?te of the nett such installmeaty the entire principal sum and asxxued interest shall at ones become due"and py- able without notice at the option of the holder of this note. Faitnre m ere:+oise this optwa shaIl sot oonsatute a waiver of the right to ezercise the same in the event of any subsequent detaul~' In the event of default in the payment of this note, and if the same fs oolleated by an attarnsy at Lw, the rend h by agree(s) to pay all costs of oolkction, including s? reasonable attorney' fir, ~}~cttlc G~ r~~A - This cote is secured by remEga~e of even date executedCby the rend~ Min property described there~ia and represents money ae~t~ua7ly used for the soquisit~n of aaide~~~,e~ ~i~»Tap~lts tbeabon. Preeentanent, protest, and notice are hereby waived. i~c , ~!'"~4~"`''~` . .r - - it /s/ Thomas S . Jones [glut.] THOMAS S. JONES • ~_g1 T.a„ra V _ ,TonP_a [gEAL] LAURA V. JONES - [mil And shall duly, P~PHy, ~y perform, discharge, execute, effect, complete, sad comply with sad abide by each sad ever)? the stipulations, agreements, conditions, and oovsxraata of said ~omiaeory note sad at this mortgage, tb~ thus mortgage and the estate hereby created shall ease and be null end void. The Mortgagor further oovenaats as follows: 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to Prepay at any time, without premium or ee, the mtir+e indebtedness or say part tber+eof not less thaw the amount atone irrsrtallma4t, art one hundred dollars (;100.00), whkhevet h less.. prepayment la ttrll chats be credted on the date received. Partial prepayment, other than on an installp>wrt due date, need not be .cred±~ until the next toUowina instsilmerrt due date or thirty days after such prepaymmt, whichever is earlier. • 2. In order more fully to protect; the security o[ this mortgage, the Mortgagor, together with and in addition to, the monthly payrrrenta under the Leans of the note secures! hereby, on the first day o[ eac~ month until the said note is [u11y paid, will pay to the Mortgagee, as trustee, (under the terms o[ this trust as herein- after stated) the following awns: _ A cum e4ua1 to the gr+amd r+exits, if any, next due, plus the premiums that will next become due end payable on poheies of fire sad other hsssrd iasunaee covering the mortgaged Property pdns taxes and aeseeemeata next due on the mortgaged Property (all as estimated by the Mortgagee serf of which the Mortgagor is notified) lees all sums already paid therdor divided by the number of months to before one month lush creme to be heldheld by Mortgagintrustt~'~opa ~~'gr+ound~rmts~r+emrtat~es,aadsse~ onto: (b) The aggregate of the amounts able shall be ~ a pursuant to atrbparagraph (s) sad those ppaayable on the note secured P~ payment each month, to be applied to the f owwg items in the order m ground Hats, taxes, aaemetaeats, fine, and other hasard iaaursnoe premiums; (In interest era tbe•note secured ber+eby; wd (IIn amortisation of the principal d acid note. Any.deficiency iu the amount of such aggr+egatt monthly ~syment shall, unless made good by the Mort- Aga Mopr~or to the due date o[ the nett such payment, constatute' an event of de[ault under this morrttggaagge. rtgagee's option, Mortgagor will pay a "late charge" not exsxeding four per ceatum (4%) of any iasta7l- ment when pod more than-Sfteea.(ib) daysatter the due date thereof to cover the cites eapemre involved in handling delinquent payyments, but such "late charge" shall not be "payable out of the proceeds of any sale made to satisfy the rndebtedness secured hereby, urilees such proceeds are su!&cient to discharge the entire indebtedness and all proper costa and expemes secured thereby. - = 3. If the total of the pa~-ments nradr b,,• the Mortgagor under (a) o[ par~rapir 2 preceding shall exceed the amount of payments actually made by tt'e Mortgagee, as truster, for ground rents, taxes and fesearnents, ~ and insurance prerrriurrrs, ss the csae may be, such excess alrall be credited on subsequent payments to.be made by the Mortgagor fbr such items or, at Mortgagee's option, as trustee, shall be refunded to Mortgagor, .U, • however, such monthly payments shall not be sufficient to psi such iterr?s when the same shell become due and payable, then the Mortgagor shall pay to the Mortgagee, as trustee, any amount necessary to make rep the deficiency. Such pa}-meat shall be made within thirt~? (~0) days?rtfter written notice [rom the Mortgagee stating the amount of the deficiency, which notice may be grieti by snail. If at say time the Mortgagor shall r