HomeMy WebLinkAbout1093 Tu I~nvE: ANP Ttl tIOi.D t~1P RflfllP~ to~;t~th~r ~~•itl? f?ll ancl :;in~;ulr~r th~ i+~nements, h~reditaments nn~l n~~pur-
I~~n:~n~•~~s th~~r~~unt~~ l~clon~;in}; ur in a~i~'~~•is~~ a4~nc~rli?inink, nn~! th~~ r~~~•ci~i~m ~in~l rc~•~~~i~?n,, ~~mr~in~l~~r or rc~-
maind~n, an~l xls~~ all the est,~t~~, ri~;l?t, tiil~~, interrst, h~?tn~~st~~:~~i, ~l~?~~•~~r r,n~l ri~;i~t ~~i ~l~?~~•i~r, s~~~uu•nte rsl~~te,
~x~:~,cssion, ~~I:iini ~?n~l ~I~~mtuul ~~•I~~~tsur~~~~r, ns ~~•cll in I:~~~• t?, in ~~~~uit uf tli~~ ,~ti~! \1urt~;1?~;~,r iu ~in~l tu tli~~ s:?m~~~
an~l ~~art ih~~r~~~~f. ~~~itl? ih~ nppurtt~n~inces uf tlic si?i~l \turt~r?~;ur in ~?n~l tu thr s~mc, rui~l ~~~•rr~' ~~ert ~~n~i
p3t'c•el tl?i~ri'i)f 11I?Ii) ttu~ ~Hiii ~iurt~;n~;t~t+ in f~~r siii~plo.
Th~> >1ortR:~go?• hcreb~• co~~~~~iants ~~•itl? th~• ~tortkt~g~~~~, tl???t h~~ is in~l~~tr~isihl~• s~~izc~l of sai~l lan~i iii fce
sim~ilr or suc•h otl~rr esttit~~, if an~~, as i, stnte~l L~~r~~in; tl~:tt lu~ has full p~~~~~er an~i la~~•~ul ri~;l~t to con~~r~' th~• sNme
r;s r?foresai~l; ti?at the lnn~l is fr~~~ from t?ll ~•nruml~ranc•es exc•~~pt Ns h~~rein ~>tl?erw•is~~ re~~ite~l; th«1 sHid ~\tort~;a~;or
~~~ill ntHk~ such furtlu~r assuranr~~s to pror~~ tiic 9tums:ii~l titlr 1~~ sNi~l lwnd in swi~l \lorthr~~;~~ ~s m~~~~ b~~ rcasan-
HLIv rcquirc~l, and that sai~l :ltari~;Agor do~~s 1?i~rel~y fuilv ~vxrrxnt thc titlc to siiitl l~ui~l, :in~1 ~~~~or~~ p:~rt th~r~~of,
nn~~ ~+•ill ~l~~f~~nc! tl?e sHmt~ a~ninst thr izt~~~f ul ~l~ims o[ t?~1 pci~uiis ~~•hanso~~•er.
Y~to~'1Dk:D At.~v.~~•s tl~Nt i( Il?c ~~OCI~;A~;l)(' SIIltII E)fi}~ i~i?to th~ ~tort~;ii};r~~ thnt ~~~~rtaiii pr~~mi;sor~• not~~, of
~~•1?ich thc follo~+'lll~; 1S fl 3lll)SltU111t1I l•op~•, t~~ ~~•it:
$ 10,400.00 Fort Yi erce , Floridti.
January 2 Lst > » 66
Fo}~ \'.~i,~,t: Rf:cstv~:n, the imdeniKne~l pr~mise(s) to pa~• to the order of W. ,J DrlvQ r
, Ns A~~ministr~?tc?r c?( ~'~~t~~rtuis A~iri~rs, an OIli~•~~r of the
Il~~it<<1 ~tat~~s of Anu~rica, an~i his suc~•~~~.scnr in su~•h ~ 11ic•c~, t,s surL, nn~l 1?is or tlu~ir xssi~;ns, the ~rin~~~ ~al su~n a[
Ten Thousand Four Hundred and I~o1L00 Dc~ll~~ L~,~~~0.00
~~zth interrst irom date At ~he ratc of FL Ve R~ One--Ha t~ p~r ~•rnluni ( $ z°fo) p~~r a~uium on the
uiipPici balNnce itntil paid. 'I'he sAid pri~icipal an~i inl~~r~~st ~hnll I,c~ pa~~ablc nt. tht~ otTi~•~~ of tl«~ l.ot?n Gtiarnnt~•
Ui[icer, i'eter~ins Acinumstrx[ion i~egional i)itu~~, in,JaCk~oCt~~ `L ~~e , FLorid~ , or ei sucn
utLer plac~~ as tl~e holder may designate iu ~sritin~; d~~l~vere~ or nini to the d~~l~tor, in montl~ly inst:?lUu~~nts of
Fifty Nine and OS~L00 ______Doll:?rs 59.05
commenc•in~ on the LS , r dn~• of MarC~1 r_- , 19 66, and continuing on the
1 s~ ~f eacli monti~th~~rea[t~r ii~itil this note is fult~• pr~id, except that, if not soo~i~r
paiti~, the final pay'l1lfI1L O~ ~)T1I1Clf)RI Aill~ lll~l`t('St S~iHII ~E' lIl1C Rll(~ pfty~xi~le on thc Lst , day ot
February ,1996.
Pri~-ilege is reserved to prepa~' at anY tiillC, ~~'ltllOllt• I)CCllillllll OC ICP~ tli~ entire indebtedness or x~?~' part
thereof nat. les.s than the nmount ~~f oni~ ii~staU~~ient, or on~~ htuidred d~?llais (5100.00), ~~•hich~~~•~~r is l~~ss. An_y
prepaymcnt~ mRdc on otltier tl~s?n an installmc~nt due ~ltite ~~•ill not Le c~r~~~litrd until thr I1P\~ IOIII)\1"IRr; instAlln~ent
, due dc~tc.
If an~~ deficienc~• in the px~'Ill(~11L Of Rlly lI1SLRII1riCIlt UriIICT ~IllS IIOIP is not. made Koo~l prior to the duc~ date
of the next such installment, the entire principnl sum ancl acCCUecI interest. s}?r?Il at. once become clue and pay-
able without notice at the option of the holder of this note. I~'ailure to exercise this option shall not const~tute
' a~~•aiv~r o! tlic right. to exercise tlie saine in thc c~~ent of any s~~bsequ~nt default. In ttic eti~ent of defaiilt in ttie
pa~~ment of il~is note, and if the safne is collected b~• en attorne}' Rf IAN~, the undersigr?ed hereb~~ agree(s) to
pey nll costs of collection, iticluding a reasonable attorney's fee.
This note is gi~-en for purehase money of real estate and is secumd by mortgage to secure debt of even
date here~sith, given and deli~ered by the undersi~icd to pH~'ec on certnin real propert} described tiierein.
Presentment, protest, ancl noti~e are herr.b~• ~?•ai~~ed.
S1 --~~0~=7b~--~---~0-~------------------------. [sr::~LJ ;
George !t. Long ;
,
- ISt:~L) :
s~--Bess-ie-L'---Long-------- [sE:.~L] .
Bessie L. Long
I6F.ALJ
And shall dulti~, promptlti-, an~l full~~ perform, discharKe, execut~, effect, complete, and comply ~~•ith and
abide by eacli and e~~ery tl?e stipulations, Agreeinents, conditions, and co~•enants of said promissorv note and
of this mortgage, t}icn tliis mortgnge and thc estste hereby created sliall cease and be iiull and void.
The Mortgagor further covenants as follows:
1. That he ~~`ill pa3~ the indebtedness, as 1?creinbefore provided. Privilege is reserved to prepa~~ at. anv time, ~
without premium or fee, the entire indebtedness or any pArt, t}icreof not less tt~an the ainount of one installment, '
0 whichever is lcss. An ~ re a~ment made on other f.han an installment i
or one htmdred dollars $100.0
~ SP Py
due date will not be crediked until the next folloµ•ing installment due datE.
2. In order more fully to protect the securit3• of this mortgage, the ~fort~a~or, to~ether «~ith, and in addi-
tion to, the nionthly payments under the tern~s o( the note secured hereb,y, on the instullment di;e date day of
each montli until the said note is fully p~iid, «•ill p~iy to the ~tortriiree as trustee (under the terms of this
trust as herein:?fter stated) t.he follo~ving sums:
_ (a) A sum equel to the ground rents, if any, ne~ct due, plus the premiums that ~~ill nest become due and
payable on policies of fire and other hazard insurance co~ering the mortgaged propertti~, plus taxes _
and assessments next due on the mortgaged property (all as estimated by the \fortgagee ~nd of
which the I~iortgagor is notified) less all sums alecady gaid therefor divided bv tlie numbcr of months
to elapse before one month prior to the date ~~hen such ground rents, premiums, taxes, and assess- ~
ments K•ill become delinqucnt, such sums t~o be held by ~'Iortgagee in trust to pay said ground rents, i
premiuma, t~xes, and special ~~aes.sments. '
(h) The aggregate of the amounts payable pursuent to subparAgreph (a) and those payable on the note ~
secured liereby, shall be paid in a single payment each month, to be applied to the follo~?-ing items ~
f in the order at~ated: ;
~ (I) gcound rents, tases, assessments, fire, and other hazard insurance premiums; ~
~ (II) interest on the note seciired hereUy; and ~
(III) amortizat.ion of the principal of said note. ;
Any deficiency in the amount of such aggregate monthly pay-ment shall, unless made good by tlie l~iortaagor s
prior to thc diie date of the nes~ such payment, cAnstitute an event of default under this mortgage. At ~
I1~iort.gagee's option, Iliortgagor ~+•ill pay a"late charge" not ezceeding four per centum (4°Jo) of any ~nstall- `
ment when paid more than fifteen (15) days after the due date thereof to cover the extra espense ~nvol~-ed ~
in handling delinquent payments, ~ut such "lste charge" shall not be payable out of tlie proceeds of any sale '
made to satisfy the indebtedness secured hereby, unle.ss such proceeds are sufficient to discharge the entire ~
indeU!edness and all proper costs and expenses secured hereby. :
3. If the total ot the payments made bv the ~fortgn~or under (a) of par~~raph 2 precedinr shn11 exceed the '
:iuiount of pn~•ments nctually m:ide b3~ the~~l~rtgaKee, as trustec for ground rents, tny~g nnd assessments, and
insurance premiu~us, fls the case nuiy be, such excess shRll be credited on subsequent payments to be mnde -
bS the ~iort~akor for such ite~ns or, ~~t ~tort~;a~;ee's option, :is trustee st?all be refunded to ~fort~agor. . If,
. 1?owe~•er, sucl~ inonthlY pa~ ments shall not be sufii~ient ~o p:~y such items ~rhen the snme shall i~ecome due ~
~ and pn~able, then the ~iort~a~;or shtill pti~~ to Che ~~or't~nnee as trustce ~iny amou J~e ary to mg~~tp ~
a00 1~~ 4 ~