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Home My WebLink About0930 'I~e Mort~aQor hereby coveaanta wi~ the Mortga=ee~ that he;she is fnde!'ea4iNy aeized of said land in fee simple or such other eatate, i( any, as is stated heiein; th~t he/s6e hat full pov~er and lawtul e~ht to convey the same as aforesaid; that the land is tli+ee [inm all ~ncumorancea eYCept ~ 6erein otl~erwise rec[ted; that ~id Mo~or wiU make such turther ~saurances to prov~e the ~foreaaid title to sald land In ~id Mortga~ee a~ m~y be nasonabty requlred. and that said Mortga~or dces hereby lWly Marnat the title to uid land~ and every part tl~ereo[~ and will delend ~e same agai~ut the la~vtul daima o[ all peaoa~ whatuoever. PROVID=D ALNAY6 Lh~ti l~ ~Ie I1~01'~~DI 6I1~I pt~? 11IIti0 ~ MOi~~N ~L COtLiI~ p~OmlMOly DOLe~ O~ which tde iollowing is a~ubstautial ooP7~ to wit: = 36, 650.00 Stuart, F7orida. August 22 .1986 . Foa Ywz.v~ Rscsivsa, tha unden~aed P~~~e) ~ P~Y ~ FIRST ATLANTIC MORTt~AGE CORPORATION oorporatian or~nisod ~nd e~ostica under the Lws af THE STATE OF FLORIDA ~ or order, the principal sum ot THIRTY SIX THOUSAND SIX HUNDRED FIFTY AND NO/ 100----------------------- Dollars (i 36, 650. 00 with iaterest from date at the raLe ot TEN per cent,um ( 10.0il~'o) per aunum on the unpsid balanc;e until paid. Tbe esid principal and int~.-est shall be psyable st t6a o~ce Qf FIRST ATLANTIC MORTGAGE CORPORATION 14350 SW 119th Avenue ~ Miami, Florida 33186 , or st such ot6er plaoe as t6e holder may d~ate in writin6 delivered or mailed to the debtor, in monthly inatallmenta oi THREE HUNDRED TWENTY ONE ~ 63 / 100D~~ 321.63 commencing on the 6ist day o[ October ~ 19 8~ and oontinu.in~ on tbe Srst day of each month thereatter until this note is fullp pud, ezcapt t4st, ii not sooaer paid, the &nal payment • of principal nnd interest ahell be due aad payable on the first day of September ~ 2016 , pri~i{e~e ie reserved to prepsy at aq~ time~ ~vit~hout premium or fee, the entire indebt~edne~s or any part thereoi aot leas t6an the am~oant ot ane Iastilimeat, or one bundrM dollats (=100.00), whichrver b k:s. Teepayment in tuU dull be credited on t6e date rece~ed. lartiat PrepaYment, ot6er thm oa an testallment due date, need oot be creditrd uatU thr ne~t tdlowlns installmeat due date ar t~ty days atter sueh prepayeneat, whlcheMes b earlktr. If any deficiency in the payment of any installment under tbi~ note is not made good prioc to tLe due date of the neit such installmenL, the entire pnncipsl sum and :ccrued iatercet ahall st oaoe beooma due ~d Fsy- able witLout notice st the opt~wn o! the holder of Lhis note. Failure to ezercise this option ehall not oonat~tute a waiver of the righ6 Lo ezem,iae tbe ssme in tLe event of ~ny subsequent default. Ia the event oi default in t6e payment of t6is note, and it the eame ie collected by tn ~ttorne~ at lsw, tLe undaraigned hereby agree(s) to psy sll ooets oi collection~ including s reasonable ~ttorney's fee. This note ia eecured bp mortgsge of even date executed by tha undersigned on aertain psoperty deecribed therein and sepresents money actuslly used for the acquisition of eaid property or Lhe improvements thereoa. Presentment, proteet, end notice are hereby waived. /S/ JOSEPH G. LOCKWOOD ~~L~ JOSEPH C. LOCKWOOD - [~?W _ [sa~.~ . [~.l Aad a6all du}y~ pmmptly, and fully perform, discharge, execute, etfect, complete~ and comply with and sbide by esch and every the atipu181aons, agneements, conditions, and covenants of eaid promies~ry note aa~i of thie mortgage~ then thia mortgage and the eatate hereby create<i ahall cea~e and be null aad void. The Mortgagor further oovenants as follo~ra: I 1. That he/she will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without pr~mium 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. Prepayment in full shall be credited I 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 orcler more full~ to protect the securil~- of this mortgage, the :1~Iortgagor, together with,~snd in ~ addition to, the mon4hl~ pa~•ments under the terms of the note secured }~ereby, on the first da~ of each month ' until the said note is full~ paid, will pa~~ to the ~Iortga~;~e, as trustee, (under the terntis ot this trust as herein- , after stated) the following sun?s: I (a) A eum equal to the ground r~ta, if saq, next due, plus the premiums that will next become due and payable ~ on policiea of fire sad other hasard insursace covering the mortgaged property, plus taxes and aseessments a next due on the mortgaged property (all as estimated by the Mortgagee and of ~vhich the Mortgagor is notified) less all sums already paid therefor divided by the number of montha to elepee before one month ~ prior to tha date wbea suc6 ground reats, premiuma, taxes, and as~essments ~vill become detinquent, ~ such aume tobe held by Mortgageeintrusttopayeaidgroundreats,premiums,teucea,sudapecislasseasmenta. ~ (b) T6e aggregate of the amounta pa able puruaat to eubparsgraph (a) and tboeepaqable on the note aecured tienLby, ehall be paid ia s mng~e PsYment eac6 m~th, to be applied to the follo~ving iteme in the order ~ stst~ed (I) ground reata~ ta~ces, saee~menta, fire, ttnd other haasrd inaurance premiums; (II) interest on tbe note eecured herEby; aud (IIn amortisatioa of the principal of esid note. ~ Anp deficiency in the amount of auch aggregate monthly psyment ahsll, unless made good by the Mort- ` gagor pr~or to the due dste of tha next such payment, const~tute an event of defsult under this mortgage. ~ At Moctgagee's option, Mortgsgor will pay a"late char~e" not exceeding four per centum (4°Jo) of sny install- o ~ ment when paid more thsn fitteen (13) dsys after the due date thereot to cover tlie extxs expense invalved in p7O k handlin~ delinquent ysyments~ but such "late charge" shall not be payabie out oi the proceeds of any sale ~ ~ made to astisfy the indebtr,dness secured hereby, unless such proceeda ue sufficient to discharge the entin ~ ~ indebtednesa snd all ~roper costs and expeuses secured thereby. ~ ~ 3. If the total of the pa~•ments niado b~ the Morigngor under (a) of paragraph 2 precedinq ahall exceed ~ the smount of pa~ menl.g actuall}- ma~l~ b~• t~e '.1~1ortKa~ee, as truate~, for ground rents, taxes and as.sesamenta, T snd insurance premiwiis, 8S ~IIP CBSP I118~~ ~e, such excess sl~sll be creditcd on subsequent paymenta to be made ~ by the Mortgagor for such iterns or, nt !biortgn~ee's option, as trustee, shall be refunded to Mortgagor. If, ~ ~ however, such monti?lv payments s}~all not t,c suffi~•ient to pa~• such iteins when the same ehall become due ~ ~ end pa S•able, then tlie Mortgsgor ahull pu~ to th~ Mortgap,ec, ns irustee, sn~ amount necessary to mske up Q ~ the deficienc~. Such pa}•ment sliall be ~na~e within thirtv (:30) da~~ after written notice from the Mortgagee ~ atating the amount of the deficiency, which notice may ~e given by mail. IE at sny time the Mortgagor shall , ~ ~ _ - - - . . . . ~ _ .,r~ ?:«~F~a~y - - ~ ` - - - _ . , M . _~~.r.______...,..._~.~....~....1`~.-`--~ _ . - ~ ~ .