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Home My WebLink About0916 'Ihe Mortga~or hereby covenanta ~vith the Mcxt;ages. that he/she is indete~tlbly ~eized oi sdd land in tee aimple ar such other estate if any. as it atated herein; that be~~?e haa [Wl pow-er ana Ia~rMl ri~l to conrey tbe tame u atoresaid; that We laad b hee ~om all rncumarances ezc~pt at 6e~ein o~erwiae eeclted; that said Mort~or wiU rnake wch [lrrther ~suranoe~ to pmve the atoresdd title to said land in ~id Mottga~ee ae may be reasonabty nqufred~ and that ~aid Mortga~or d~es aereby tutly warr~nt ~e title to uid land. and every put thereof, and ~rlp de[end the aame epinst We lawful claiccs of aU peisau whoa~oever. PItOYiD=D AI.~NAYB ~Ll~ It ~E ~~O~~~pI dh~ llIItO ~ MOl~~~ Oef~l~ pl''OIILtWI' DOLe~ oi w~ich the following ia ~ substantial ooPp, to wit: i75,500.00 Stuart , ~id,s, August 15,1986 , Fos Vru.c~s RscstvsD~ tbe unders~ed promise(s) io p~y to FIRST ATLANTIC MORTGAGE CORPORATION ~ s corporstion orsaaised aad erstin~ uadec t6e Isws at THE STATE OF FLORID~! . oe~ order, the principal um of SEVENTY FIVE THOUSAND FIVE HUNDRED AND NO/ 100-------------------------- Dollars (i 75, 500. 00 with intarest fmm dste at the rste o[ NINE AND ONE HALF per oeatum (9. SO ~J'o) per aanum on the unpaid balanoe until paid. 1'he aaid principe?1 and iateres~ ahall be p~yable at the oBice of FIRST ATI.ANTIC MORT6AGE CORPORATION 14350 S~i 119th Avenue ~ Miami, Florida 33186 , or at euch otber plaoe aa the hdder may deei~ate in writin6 dtlivered or mailed to the debtor~ in maathly instaUmenta ofSIX HUNDRED THIRTY FOUR ~ 85/ 100-~ (i 634.85 oommencing on the 5rst dsy of October ~ 19 86 , sad oontinuina oq the fiist da~ of each month thereafter untSl this note is fully paid, escept thst~ ii not sooner paid, tbe finalpa ymea6 of princ?p~l and interest shall be due and pay~?ble on the firs6 day oi September ~ 2016.. Pri~ilt+~e ia reserved to prepay aL any time, ~vithout premium or fee. the entire iadabtedne~s or any psrt thereof not las t6an the aoaount of oaa indiilmeot, or one 6uedred dollacs (;100.00), whichever is k:s. Repayment in tuU ~Adl be credited on t1~e date nceived. Antial prepa,yment, otber tban on an tasWLnent due date, need not be credited until the nr~ct to~owin~ imtaltment due date or t~lrty d~ys a[tet wcb prepayrnent, whicbe~er b earlkr. Ii any de6cseacy in the payment of any i~tallmant under tbis note ia not made g~ood prior t,o tLe due d~te of tLe nast suc6 instaliment, the entira principsl sum and accrued iateresti ahall ~t once beoome due and p~y- ~ble without notice at the option oi tha holder of t,hia no~e. Failure to e=ercise this option shall uot oons4tute s waiver ai the righL Lo ezem,tise the eame in tha eveat of sny subsequent deisult. In the even6 oi default in tha payment of thie note, and if Lhe same ia collected by an sttorney st lsw, the underaigned hereby agree(~) to pay sll ooets of oollection, including ~ reasonsble ~ttarney's fee. Ttis note ia eecured by mortge~e of even date eaecuted by tha underaigned on oertain property deecribed therein snd repreaenta money actiually used for the acquisitioa oi eaid property or the improvemante t~hereon. ~ Preeentment, protest, and notic++ are hereby waived. /Si BRYCE E. TALBERT ~~L~ BRYCE E. TALBERT - - [~?L] L,S/ AREEJIT TALBERT _ ~gg,~L~ _ AREEJIT TALBERT [~?L) And ahail dutp, pr~mptly, and fully pedorm, discharge, execute, eHect~ complete, and o~mply with and abide by each and every the stipulations, agreements, conditions, and covenants of eaid promiasory note snd ot f.hia mortgage, th~n thia mortgage and the estate hereby created aha11 cenee aad be null and void. ~ The Mortgagor furtber covensnts as fallows: ~ 1. 'Ihat he/she will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at ~ ; any time, wifihout premium or fee, the entare indebtedness or any pazt thereof not less than the amount of i ~ one installment, or one hundred dollars ($100.00), whichever is less. Prepayment in full shall be credited ~ on the date received. Partial prepayment, other than on an installment due date, need not be credited until ? the next following installment due date or thirty days after such prepayment, whichever is eazlier. 2. In order rnore full~~ to protect the securit~- of this mort~a~;e, the ~forige~;or, together with,~and in ~ addit~on to, the monthlv pa~•mente under the ierms of the note secured hereb~•, on the first da~ of earh month vntil tlie said note is fu~l~ paid, will pa~• to the ;1~ort~a~~e, as trustee, (under the terms of tnis trust as herein- ~ ~ e(ter stated) the following swns: ~ (s) A sum equal to the ~oeind renta, if any, next due, plua the premiume that will next become due and psyable ; € on policiea of fire and other hessrd insuraace covering tti~ mortguged property, plus taxes and assessments ~ ~ aeat due on the mortgaged ptoperty (all ~ eatimated by the Mortgagee and of ~vhich the Mortgagor is s notiSed) lesa all sums already pa~d t6erefor divided by the number of montha to ela~ee before one monih € prior to the date ~vhen such ground rents, premiuma, taxes, aad aeeesaments ~vill become delir~quent, ~ euch euma to be held bq Mortgageemtruattopayesidgmundrents~premiums,tauea,aadspecialasseesmenta. ~ (b) The ag~regste of Lhe amounta pa able pur~aat to ubparngraph (a) and thoeepsyable on the note c~ured ~ henby, ehall be psid in a eing~e PaYment eac~ month~ to be applied to the foUoping iteme in the order atated (I) 6round rente, ta:ee, aeaessmente, fire~ and other hasard insurance premiume; f. (II) inter~et on the note eecured hereby; and (IIn am~rtisation of the principal of said uotE. o0 ` Any deficiency in the 4mount of suchaggre~ate monthly payment shnll, unless made good by the ~iort- °'O E gagor prjor to the due date of the next such payment, const~tute an event of defsult under this mortgage. ~ ~ At Mortgagee'a option,l~4ortgagor will pay a"late chdrge" not exceeding four per centum (4°J~) of any install- ~.•~r ~ ment when paid more than fifteen (15) dsya after the due date thereof Lo cover the eatra expense involved in jv handling delinquent payments, but such "late charge" ahsil not be payable out of the proceeda of any sale ~ ~ made to satisfy the indebtedness secured hereby, unleas such proceeds are suff'icient to disc6arge the entire ~ ~ m ~ indebtednees and al! proper costs and e~enses secured thereby. # 3. If the total af the pa~-n~ents n~s~~ b}- the Mortgugor under (a) o[ pura{;raph 2 precedinq ahall exceed ~ ~ the amount of pa}•~nenls actunll~- ma~ic~ b~• ttie ~iortKager, as truatee, for ground rents, taxes and as.gessments, ~ > and insurance prnmiwiis, as the case ~na~= be, such excess ahall be credited on subsequent pgymenta to be msde ~ ~ by the Mortgagor tor such iteins or, ot Mortgngee's option, es truate~, shall be refunded W Mortgagor. If, ~ however, surh inonthly pa~'ments slsall not t~e auffi~ient to pa~• such iteii~s when the same ahall become due ~ and pe~•able, then tl~e Mortga{~or sieall po~ to the MortRa;;ec, us trustee, an~• amount ner,easary to makE up ~ the deficiency. Sucli pa}•ment s be ti~urie within thirtv (:i0) da~~a after ~en notice from the Mortgagee stating the amount ot the deScierl~, vvhich notice may be given by rnail. I sny Lime the Mortgagor sha11 ~ ~ -~P . _,.~..o...~~..r.t,.,.,... _ _e___. . ..--v ~ - - . . ~ - _ _ _ -