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Home My WebLink About0422 ~ ' o 1 ' ~ T_ TY: TT__._al__ a ?1 •.1 -ff ? • 1 .1 l { °•f ~ V ilA\~r. Ai\U ~lv il\ilev ~ilU •~nll{O~ ~V~l'lt1Ul Wll~Il t~ll t?llU alllb'Illtll ll1V LC11U11Itl11laY~ 11UltlUlldllltflll2~ t~L1U tf~/~)LLl- tennnces tlierei~nto belonging or i~i aiiy~~•~c~ fl~pertttining, and tli~ rovor.~ion and rovoraions, romainder or ra- mainder3, and ~lso all il?o Rgtato, rigF~t, titlo, interest, honiestet~d, dawer nnd riglit of dowor, sopnrata estate, poss~ssion, cleim and dcmn~id ~~~ti~tsoc~vcr, ct.4 ~~~ell in ln« ci.g in oquity, of tlio snid \fortgngor in ancl to tha samo and overy part tliereof, i~•itli tho appurt-0n~~ices of tlio said I~iortg~gor in and to tho semo, and flvery part an~ parcel tlioreof tinta tho said 1lortgcigeo ica feo simplo. The iliortgngor hereby covenants a~ith tl~o tifortgager~, th~t he ia ind~fet~siblv aeized of said lnnd in fecs aimplo or siich other egtato, if any as is yte tec; harein; tl~nt lie hns full power nnd ln~v~iil riglit to con~~v tho snmo as aforesRi~; thnt the l:ind is freo ~roni all encumLrcinces oxcept t~s lier~~in other~~~iso rccited; that snicl ~lortgegor will mnkQ such further a.~.qurances to prov~ tho aforesAid titl~ to stud land in said ~fortgtigeo as may bo renson- ably rcquiced, and that said :liortgn~or doe~s hereby fully ti~•arrant the titlQ to said Innd, and ovory parL tltereaf, and ~~rill dofond tha snma sgainst tho lawful claims of a~l persons whomsoovor. PROYIDF.D Ai.w.~YS that if the ~iort~agor sLRll pap unto tho Mortgagc~e that cartain pmmissory not~, of whici~ iua iollo~ti•iug is a su~stuni,ial cop; , to ~cit: ~ 11, 550. 00 Fort P ierce , Florida. December 31s~ .1fl55. FOR VALUE RECEIVED~ the undersigned promise(s) to pay to VANGUFIRD NIOt~TGAGE COMPANY , , a corporation org~nized and existing ttnder the laws of Florida ; or order, the principal sum of Eleven Thousand Fiva Hundred F'Lfty &ttd No~100 Dollars (~11,550.00 Kith interest from dat~ at the rate of F'LVe & Orie-Quarter per centum ( 54 ~o) per annuru on the unpaid balanc~ until paid. The said principal and interest shatl be payable at the office of VANGUARD MORTGAGE COMPANY , 7100 Biscayne Boulevard, ;,n ~i iam i, F1 orL d a , or at such other place as the holder may designate in writing delivereci or mailed to the debtor, in monthly installments of SLxty Three aild 87~100 ----Dollars (E 63.87 commencing on the first day ofFebruarj~ , 19 66 , and continuing on the first dav of each month thereafter until this note is fully paid, except that, if not soonar paid, the final pa~ ment of principal and intorest shall be dua and payable on ths firat day of 1~eC~emb~]c~ , 19 95~.~ Privilege is reserved to prepay at anY time, withou~ premium or feo the entire indebt4dness or anv part thereof not less than the amouut of one uistallment, or onQ hundred dol{ars ($100.00), whichevor is less. If any deficiency in the payment of any installment under this uote is not made good prior to the due date of the noxt such installment, the entir~ principal sum and accrued interest shall at once become due snd ~av- able ~ithout notice at the option of t~he holder of this note. Failure to exercise this option shall not ~onst~tute a waiver of the right to exercise the same in the event of any subsequent default. In t,he event of default in the payment of t~his note, and if the same ia collected by an attorney at law, the undersigned hereby agree(s) to pay all cost$ of collection~ including a reasonable attorney's fee. This note is aecured by mortg~ge of even date executed by the undersigned on cert~ain property described therein and represent~g money actuallq used for the acquisition of said property or the improvements thereon. Presentment, prot~st, snd notic,~, are hQreby waived. (S~ate Documentary S~a~aps sl _George T. _Grady ~s~] affixed to original note and George T. Grady c a n~ e 11 ~d . ) [sEaL] - [S~] ~ [s~L~ And sh~ll duly, promptly, and fully perform, discharge, execute, effect, complete, and comply with and abide by each and every the stipulations, agreements, conditions, t~nd co~•enants of said promissory note and of thia mortgage, then this mortgage and the estate hereby created shall cease and be null and void. The Mortgagor further covenants as follows: 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved t4 prepay at any time, without premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment, or one hundred dollars (;100.00), whichever is less. 2. In order more fully to protQCt the security of tlua mortgage, the b4ortgagor, together with, and in addition to, the monthly payments under the terms of the note secured hereby, on the first day of each manth until the said note is fully paid, will pay to the Mortgs~gee the following sums: ~ (a) A sum equal to the ground rents, if any, next due, plus the premiums that will next 1~ecome due and payable on policies of fire and other hazard insurance covering the mortgageci property, plus taxes and assessments - nex+ due on the mortgaged property (all as estimated by the 11'Iortgagee and of which the Mortgagor is notified) less all sums already paid therefor divid2d by the number of months to elapse before one month ; prior to the date when such ground rents, premiums, taxes, and asses.4ments will become delinquent, ? such sums to be held by Diortgageeintrusttopaysaidgroundrents,premiums,tsxes,andapecialassessments. F (b) The a.ggregats of the amounts payable gursuant to subparagraph (a) and those payable on the note secured ~ hereby, shall be paid in a si.ngle payment each month, to be applied to the following items in the order ' stated : i (I) ground rents, taxes, asseagments, fire, and other hazard insurance premiums; ' (II) interest on the note secured hereby; and ; (III) amortiaation of the principal of said note. ; ~n} deficiency in the amount of suchag gregate monthly payment shall, unless made good b3• the Mort- ` gagor prior to the due date of the next sucli payment, const~tutci an event of default under this mortgage. ~ At ~Iortgagee's option, I~fortgagor will pay a"late charge" not esceeding four per centum (4°Jo) of any install- ~ ment when paid mare than fifteen (15) days after the due data thereof to cover the extr~. csxpense involved in ; handling delinquent ~ayments, but such "late charge" shall not be payablo out of klie proceeds of any sale ~ made to satisfy the ~nc~ebtedness secured hereLiy, unl~~ss sucli proceeds are sufficient to d~scliarge the entire ; indebtedness and all proper costs and expcnses secured thereby. i ~ ~ ~oaK 135 4~2 ~