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Home My WebLink About0970 The Mortgu~or hereby covenanta with the Mort6u~ee, thet he is ~ndeteaKibly seitad of said land ia fee simple or auch otlier estotet ~f any as is stated horein; tl~ut he has t~ill po~vor and lc?w ful rig6t to couve~ tl~e s?ime a8 Joresaid; that the land ie itee ~rom all aneumbrances except as Lc;rein otherwise recitud; t1~at said I~lortba~;or will mske aach further asaurancea to pmvo the aforesaid titl~ to said land in said hiortgagec+ ~s may be reason- ablyrec~uired~ nnd tlxat said Mortgagor does horeby fully warr~.nt tl~e title to said land, aud evcry part i,liereot~ and will deiend the snme againat the iswful claims of all peraona whomsaever. PROVIDSD ALWAYS thYt if the I~iortgagor shall pe.y unto the Mortgage~e that ce~tain promiseory note~ oi which the iollowing is a substanti~l ooPy. to wit: = 48, S81.00 Ft . Pierce , F7orida. June 25 ,19 86 , • FOR VALUS RECEIVBD~ the underaigned promise(s) to pay to ALLIANCE MORPGAGE OCk4PANY , a oorporation organized and e~riating under the laws of T~ STATE OF FL~ORIDA , or order, the principal sum oi FORTY EIGI-IT THOUSAND FIVE EfUNDRID EIGI-!TY ONE AND NO/100-------------------- Dollars (t48,581.00 with interest from date at tha raE,e of TEN AND ONE-HALF per centum ( 10 . S%) per a.nnum on the unpaid balance until paid. ' The said principal and interest ahell be payable at the off'ice of Alliance Mortgage Cornpany at P.O. ; Box 4230 in Jacksonville, Florida 32231 , or at such other place aa the holder may deaignate in writing d~r.livered or mailed to the debtor, in monthly installments of K~,R E;I~IRFD PCHIY K~.R AI~D 39/1~---- Dollars (t 444.39 commencing on the first day of August , 19 86, and continuing on thc first dsy of each month thereafter until this note is iully paid, except tbat, if not eooner paid, the finai payment of princapal snd interest ahall be due and payable on the firat day of July , 201b , Privile~ge ia reaerved to prepay at any time~ withaut premium or fee, the entue indebtedneea or any part Wereol not less Wan the araount of one InsiaUment, or one hundred dopus (~100.00), whichever is less. PreQayment in tull ahall be ctedited .on the date received. Putid prepayment. other than on an inatallment due date, need not be credited until the next fotlowing inatallmeat due date or thlrty days atter such prepayment~ whichever is eariier. If any deficiency in the payment of any inatallment under this note is not mede good prior Lo the due date of the ne~ct such inste.Wneut, the entire principal sum and accrued intereat shall at once become due and pny- able without notice at tho o~?tion of the holder of this noto. Failure to eaarciso this option ahall not constitute s waiver of the right ta exercise the same in the Qvent of any subsequent default. In the event of defeult in the psyment of this note, and if the same is collected bp sn attoraey at lew, the undersigned hereby agree(s) to pay all eosta of collection, including s reasonable attorney'a fee. This note is secured by mortgage of even date e~ecuted by the underaigned on certain propertq described therein and represents money actually used for the acquisition of said properf,y or the improvements thereon. Presentment, proLest, and noticFS are hereby waived. /s/Roger_B..Huie ~Y ~~L~ /s/Kathleen K. Huie ~s~nL] [s~.] ~_..._.w [SEAL] And shall duly, pmmptly, and fully perform~ discharge, execute, eftect, complete, and comply with ~and abide by each and every the stipulations~ agreements, conditions~ and covenants af said promissory note and of this mortgage, then thia mortgage and the eatate hereby created shall cease and be null and void. The Mortgagor further covenants as follows: 1. T'hat he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedness or a.ny part thereof not Iess than the amount of one installment, or one hundred dollars (~100.00), whichever is tess. Prepayment in [ali shall be credited on the date teceived. Partial prepayment, other than on aa installment due date, need not be credited until the next following installment due date or Lhirly days aflcr such prepaymcnl, whichcvcr is carlicr. 2. In order rnore iullv to protect the securit}• of tliis mort~~ge, the Vfortgagor, together wixh, and in addition to, the monthl~ pa,yi»ents under thc t.erms of the not.e secured hereby, on the first da}• o[ cach month until the said nvtc is tull3• paid, will pa}~ to the Mortgu~r~, sis trust~~, (undcr tl?r t~rms of this trust ns herein- nfter stnted) tlie following su~ns: (s) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and payable on polieies of fire and other hasard insurance coyering the mort~aged property, plus taxes and asse,5sments next due on the mortgaged property (alt as estimated by the Mortgagee and of which the Mortgagor is notified) lesa 8ll eums already pa~d therefor divided by the number of montha to elapse before one month prior to the date when such ground renta, premiums, taxes, and asge.ssments will become delinquent, such sums to be held by Mortgageeintrusttopaysaidgroundrents,premiums,taxes,andapeciaiasse,ssments. (b) The aggregate of the amounta payable pursuant to subparagrsph (a) and those payable on the note ~ecured hereby, shatl be paid in a single paymenL each month, to be applied to the following items in the order stated: (I) ground rents, taxes, assessments, fire, and other hazard insurancc premiums; (II) intereat on the note eecured hereby; and (III) amortization of the principal of said note. Any deficiency in the amount ot auch a{;gre~ate monthly payment sha;i, unless made good by the Mor~ ~o gagor prjor to the due date o[ the next such payment, constitute an event of default under this mortgage. °~,e, At Mortgagee's option, Mortg agor will pay a"late cl~arge" not exceeding four per centum (4~Ja) of any install- ment when paid more than fitteen (15) days afl,er the due date thereof to cover the extra expense invoived in ~ handling delinquent eyments, but such "late charge" shail not be payable out of the pror.eeds of any sale ~ made W satisfy the tndebtedness secured hereby, uiiless sucli proceeds are sufficient to dischar~e t,he entire ~ indebtedness and all proper costs and expenses secured thereby. .3. 1f the total ~f the pa~•nients mn~l~ h,- the Mortgngor un~ler (a) of pnruu~rnpli 2 precedinR shall exceed * the smount of pa~~menls actunilr ma~l~ b~• tlle MortKa~er, as trustee, for ground rents, taxes and asses.cments, and insurance premiui~is, as tlie case nia~• be, such excess sliall be credited on subsequent paymenLs Lo be made CC^ by the Mortga~;or for euch iterns or, ut MortgngeP's option, as trust shall ba refunded to Mortgagor. If Q1 howe~er, such montl?l~ pa~•ments shnil n~t h~ suffirient t~ pn}• su~h items when the same shall become due w and paye?ble, then tJ?e Mortga~or shnll pnv to tlie Mort~n~er, n.5 trustc~, nn~- nn~ount necessary to mske up , the deficienc~-. Such pa~•ment shali be ~uac{e within thirtr• (30) da~•s nfter writtPn noLice trom the Mortgegee etating the amount of Lhe deficiency, wl~ich notice mey be given by mail. If at any time the Mortga~or ehall • _ _ _ .