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Home My WebLink About1327 1 ~ . The btorl~a~ar Lerab~ covenanta with liie I~iort{;ngue, that ho is indeiea3ibly seizrd oi said land in fee simplo or euch a~her osttitet ti any e~s is stated hor~+in; lliat, ho ha~ l~il! power and law[ul right to co~vs~ tho sr~me ae atoresaid; that tLe lai~~1 is irea ~r4m all sacumbraaces a!ccapt ~s herain otherwise recited; that aaid I~iortgsgor will make such tUrther assur~:~icqs Lo pro~c t.ho afor~aid title~ to said land in said h3ortgagee us may be rc~asou- . ably rec!~ired, and t?~at said b4ortgagor iloas k~eteby fully warrant the title to said land~ and overy part tl~eroot~ and will dofeud tha same againsL lhe lawful alaims oi sll p~r~ons whoa~soever. PRpVIDEU ALRAYB L~1Qt 1~ t}l8 A~OTE~~OT B}39II pAf UA~O E~10 MOr~Q~80 ~lat C6i~dII1 }1PQIk11830f~? RO~~ O~ which the followi~ is a subslanLial c;ops, to v~it: s 37, 000.00 ~ Fort Pierce Florids. ~ M~,r12 •,19 7~. . FOR VAI.UE REC~IV~D~ thF underaigaed promis~(a) to pay to TH~ TAMaS & NE7.'Z~~TON ~OhiPANY . . , a corporaGon organir,ed and eadsting under the )e~wa-of-$~ ;3~~-~0#~-~~onnt~c~,~~rec-ardsr,-~he-p~iucipal sum of ~RTY SEVEN THOUSAI~ID AND no~I.00 „Dolla~ (i 37~ ~ • ~ with interest fmm dat~s ~t w~~..w~~~~~e~~w.~~r~~.r~w~~..~w~~rr~~~~..~1.~..r the rate of hIGHT ArID ON£ NALF per c~ntum ~J'o) per aunum on the unpaid balance until paid. Tbe saed prncipal_ at~~ interest aha11 be payable at the office of ~e Loa~tas & Nettleton Coinpa.t~y _ - P. 0. Box 964 . - - _ . 5 ue ~ Virginia Beaeh; ~ Virginia 2~4 1, ~ or at sueh otber p1auE as t6e holder~may deaignate in writing _ delivered or mailed to the deUior, in month[y instalhnents of ~0 h'UNDREA ETGHTY FOUR and 53/~0~0~ : 2$4. 53 commencing on the firet day of J~y : , 19 75 , and continuing on the ~ - firat dsy of each month thereafter until this note is fully paid, eacept that, if not sooner paid, the final payment ~ of princapal and interest shall be due and payable on the 6rst~day of ~,n,tne 2005 - Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedne,sa or any part . thereof nat less than ifie amount of one Installment~ or one hundred dullus (~100.00), whlchever is tess. Prepayment in full shal! be credited on the date received. Partial prepayment, other th~n on an installment due date~ need not be credited until the next following ir_stallment due dxte or thlrtp days after such prep~yment, whichever is earlier. ~ : ~ i~ any deficiency in the paymentof any instaliment under thia note is not made good prior to the due date - of the next auch inatallment, the entire rincipsl siim snd accrued intereat shall at onca become due and ~ay- able without notice at the opt~on of the ~older of this note. Failure to e~cercise this option shall not oonstitute - a waiver of the right t,o eaercise the same in the event of sny subsequeat default. In the event of deiault in the payment of thia i?ote, and if the same is collectsci by an attomey at law, the undersigned hereby agree(s) to pay all oosta of collection, includi.ng s reasonable attorA~y's fee. ~ ~ ' - . This note ia secured by mortgage of even date executed by the underaigned on certai.n property described therein aud represents money actually used for the acquisition of said propert.y or ths improvemente thareon. P'reaentment, protest~ and notice are hereby waived. ~ - - - - i ~ ------._L81 ~r~ei~~.ijnton [3EAL] ~ ~ _ s CHARI~ES HIN'1'GN - .i . [s~?L] . - ~ JE?SSI~A HI?r"I~OtT - ~ ~ - [~L] . - _ - . - __~___w ~s~Ll ~ _ . - , ~ And shall duly, promptly, and fuUy perform, discharge, execute, effect, complete, and comply with and abide , ~ ~ hy each and every the stipulations, agreemenfcs, conditions, and covenant~ of said promissory note and of this ~ ' mortgage, then this mortgage and~the esLate her~by created shall cease and be null tsnd void. - The Mortgagor further covenants as follows: " " - 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay ~t any timef ~ without premium or fee, the entire indebtedness or any part the~eof not less than the amount of one installment, or - . . one hundred dollars (t10U.00), whichever is less. _ _ - 2, In orcler ?nore full~- to protect tl~e securit~-.of this mortga~c, tlac ~iortgagor, together wifh, and in ' addition to, ti~e monthlt pa~•ii~ents und~r the terms of Uie note s~curect herebt, on the first da~• of each tnont}i - until tlie said notc is full~ paid, wil! pa~• to the :~lortgngee, as truster,~(under tt?e terms of th;s tr~tsl as herein- - after stated) th~~ folloti~•ing sums: - - ~ . - ~ - - _ - (s) A sum equal to the ground re:?ts, if any, next due, plus the premiums that will next become due and payable ~ on policies of fire and other hazard insursnce covering the mortgaged property, plus taxes and assessments ~ next due on the mor#guged property (all ~s estimated by the ~~iortgagee and of which tne 1liortgagor is ~ notified) less all sums already paid therefor divided by the number of months to elapse before one month prior to the date when such ground rents, premiams, ta~ce4, and assessments will beco:ne delinquent, such sums to be held by Mortgageeintruettopaysaidgroundrents,premiums,taxes,andspe-ciala.ssessments. . (b) The aggregate of the amounts payable purauant to subparagraph and thos~ papable on the note secured : hereby, ehell be paid in a single payment each n~onth, to be applied to the following iterns in the or~er " stated . - _ (I) ground rents, t$xes, as.~ssmenta, fire, s~d other 6azard insuranc~ premiums; ~ - (II) interest on the note sec~ired hereby; and ~ - - (III) amortization ot the principal of said note. _ ~ E Any deficiency in tbe amount of such a{;gregate monthl~~ :payment shsll, unless made good by t},e Mort- _ gagor pr~or to the due date oE the next such ~ayment, const~tute an event of defauit uader this mortgage. At Mortgagee's option, Mort~agor will pay a`',ate charge" not eaceeding foiu per centuui (4°Jo) of any install- meni when paid more than fifteen (15) days after tha due date thereof to cover the extra expense involved in - handling delinqu~nt payments, but such "late charge" shall not be paysble out, of the proceeds of any sale . - made to satiQfy the ~ndebtedne:~ secure~ hereby, unless such -proceed~ are sufficient to dischar~e the entire indebtedness and all proper costs and expenses secured thereby, - 3. 1f t6~ total of the pa~-ments mnd~ bti the-\iortgogor uncler (a) of pura~ruph 2 preceding shall exceed - the amount of pu~•met?ts actuall}- mad~ b~• t~~e 11ort~u~ec, as i.r~stec, for ground rent~, tn!ces and asses.gments, ~ ~ and inaurance prc~niun~s, as tt?c case iua~~ be, such excess ahall be creditec! on sutrseyuent pavmfnts to be ma~e ~ bv the ~4~rtgagor for sucL ~tems or, nt Morigngee's option, as trustee, sl~all be refunded to ~iortgagor. If, however, such montl~l~- pa}•nients shall ~ot he suffir•trnt. to_ pa~• such items when the same shall become due ~ and pati•able,~t}ien t)ie-;~~lortgagor shAjl pa}• to thc 1~ort~a~;ec, t?s frustee,.nn~- amount necessar3~ to make up = the de~icienet•. Such ps~~•ment. shall be »>a~ie within tl:irt~• (30) dati•s after w-ritten not-ice from the Fviortgagee ~ , stating the amount of the deficiency, w}?ich notica rr~ay be giv~n bp mail. If at any time the Mortgagor ahall ~ ~ - - - ~oac2°~ ~c~1~~ - - ~ ! ~