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Home My WebLink About0924 ~ YV ~YY~'~~~~ { ~mple ar aur,~ othar eatste~ ~t an~ aa is st~?ted h~c+sin; ti?~0 he lw Iull power aad 1~ `b oot?ve~ e anms ~ M~ioresaid; lbut t~he tu?d is ires ~rom ~11 encumbrancet axcept ss henin ot,herwiie reated; thati saidlvloregagor ; will make suc6 turther aeauranoes to pmve tbe atooeeaid title to e~id !wd in said Mortgsgee aa ra~y be re~soa- ~b~yrequired, and th~~ said Mortg~gor Joes 6ereby iuUy wunu~ t,he tiWa to said land~ i?nd every part lhereot~ ~ad will detend the same agsias4 tde 1~?~dul olaims oi all perwns whomsoever. P~ovinsa AL~v~TS t6~?ti if t~e Mortgsgor shall pa~ uaLo tbs Mort~ages tL~?~ oert~in proaa3wor~? aote~ oi wLics the followic~g is s subtaut~i~l oopy, to wit: ~ 55,000.00 Ft. Pierce , F{odd~. M~rch 26 ~ 19 87 . Foa Vwi.vs R~ocsivsa, tbe under~ianed praniee(~) t~o p?Y to FIRST CITIZII~IS FEDF~tAL SAVINGS AND IAAN ASSOCIATI4Id ~ ~;~d ~ ernt3na wider t~he bwn d'II~E UNITED STATES OF AI~tICA ~ ~ ot order, tt~e principal eum ot FIFTY FIVE ZHOUSAND AND NO/100--------------_--------------- ~ DaUars 55,000.00 with intere~! fe+om dats st t6e rate oi EI(~T AND ONE-HAI.~ per ` oeatum ( 8.5 Por aanum on the vap~id b~l~noe until paid. Tbe eaid principal and interes~ ahall be p~y~?ble at t,6e o~oe oi First Citizens Federal Savings and Loan Association at 1600 South Federal Highway ~ ~ Ft. Pierce, Florida 33450 , or st euoh other plaoe ae fbe hdder may des~u?te in writina ddivered or mailed to tbe debtor, in mont6ly inatsilm~ta of F~OUR HUNDRID 1WENIY-ZWO ~ AND 90/100-------------------------------------------------------------------- Ddlsn ~i 422.90 oommeacing on the first day of MAY , 19 87 ~~ad oontiauioa oa t6e Srat dqr o! eacL month tbareaiter until tbis note is iully paid, ~oept tDa~, it not ~ooner paid, tbe Sn2017g. ment oi principal aad int~eres~ shall be due aad psyable on the Srst day oi AP'ftlL ~ pri~ile~e is reeerved to pnpay a~ any t+me, without premium or iee. ~t6e entire indebtedneee or any psr~ ~ thenof not lesa thw the amouat of oae in:ti~lmsat~ or oae hundced doUus (=100.00)~ whichever is ks~. Fcepayment in tull ~ fhall be credited on the date recehed. Y~rtW prepayment, ott~ tlun oa an i~WL~at dus dak~ need not b~ creditM untU the aeit idlowln~ indallment due date or thlrty days atter wcb prepayment~ whicbev~er a sarller. ~ It ~ny deficiency in tLe payment oi sny inate~llmeat under thia note is not msde good prior to the dae d~te = oi the ne~ct such instellment~ the entire principal sum snd sccrued int~er~est sball at onoe beoome due ~ad pay- ~ ~ble ~vithout ant~~ at the option oi the holder of tbis notA. Failure to eaea~ciae tbis option ehall not oonstatute ~ s~vaiver of t~e right to euem,ise the ssme in the event of sny eubeequent default. In t~he even6 oi default in the ~ payment oi thia note, ~nd ii the eama is collected by an attorney st Is~v, the undersigned hereby agree(s) to psy all oosts of oollection, including a reasonsble sttorney's fee. . _ Thia note ia eecured by mo~ of even dste ececuted by tbe nndere~gned on oertaza pmperty deecribed tberein and represente money sctua y used for the acquiaition of said property or the improvements thereon. - Presentment, protegt. and notion are hereby waived. /s/Paul C. Gant ~~y~ ! ~s/Rhoda I. Gant ~ And aha~ll dulp, promptly~ s.nd fully pedorno, diacharge, execute, eHect, complete, and comply ~vith and abide a by each and ever}? the atipulationa, aareements, conditione, aad oovenants of eaid promieeory note snd d this mortgsge, f,hen th~a mortgage and the estate hereby created ehall oeaee end be null and void. ' The Mortgagor further covenante ae followe: ~ 1. 1'hst he willps p the indebtednese, as hereinbefore pmvide~. Privilege ue re~erved to prepsq at say time, ~ without premium or fee~ tbe entire indebtednees or aaq psrt thereof not kse than the amount ot one inatallment, or ` one hundred dollars (~100.00), whichevet is lesa. Prepayment in tull a6a11 be credited on the date received. Yartial ~ prepayment, other thw on aa installme~t due date~ need not be credited until the naxt following inatallment due date or ~ thirty daya after such prepayment~ whkhever ia earlier. ~ 2. In order more fullv to protect the security of this mortgage, the Morigagor, together with~ snd in ' ~ addition to, the monthlv paymente under the terms of the note secured hereby, on the first dsy of each month until tlie said note is fu11y paid, will pay to the Morigagee, as trustee, (under the tern~s of this truat as herein- ~ after stated) t}ie following suma: (s) A sum ec~ual to the ground reata, if aay, neat due, plua the pnmiuma that wrill next become due and peyuble ~ on pohcies of fire aad other ha:ard ineurance coverin6 the mortB~Bed PT'oP~~Y Plua taxea and assessmenta ~ next due on the mort~aged property (all aa estimated by the Mortgagee an~ of which t6e Mortgagor is ~ notified) kes ull eums ~iready paid t6er~or divided by the aumber of montha to ela~~pee beloip one month prior to the dute whea such ~round r~ate, pnmiume, tsxea, and aeeeasmenta will beoome delinqueat, 'euch eums to be held by il+iortaageeintruattop~yeaidg+oundr~?te,premiuma~tasee,andspecialaee~meate. (b) The aggn~?te of the amounta pa able pureuaat to eubpsra6raph (a) a~d thoeepa~y~ble on tbe note eecured hereby, sb~i~ll be psuid in s sin~e Pa?Ymc~at ee?ch mont3~, to be appl~e~ to tbe f~llowing itema ia the order ete~ted: (I) ~rouud reats, taxea, aea~m~ts, fira, aad other ha:ard insurance_premiume; (II) iat~resi on the note secured h~reby; aad (IIn umortisutioa ot the pciar.ipal af eaid not~. i~ Any deficiency in the emount oi such aggregate monthly ~ayment shall, unleaa made good by the Mort- ~ g~gor pr~or to the due d~te of the next auch payment, coast~tute an event of detault under this ma e. 0 A~ Mortgagee's option, Mo agor ~vill y•"late charge" not exceeding four per centum (4~Jo) o! any ina - . v~ ment ~?hen p~tid more tfian i~,een-(i3j ds~ys af~ei f~e due da~e-f,heseoi ,ci oo~er the extn expease involved in ~ handling del'u~quent payraents, but auch 'late chsrge" ehall not be paqable out ot the proceeds of uny sale ~ made to aatiaty the ~ndebt~sdneas s~cured hereby, udeas such praceeds ue sufficient to d~hsrge the entire indebtednas and all proper ooste and eapeasea secuebd tbereby. . . 3.'If the total of the ps3~nenta mscie ba• the Mortgagor under (a) o[ pusRrapl? 2 preceding ehall exceed the amonnt of p4pments sctunll~ mede bv tl,e Mort~sger~ aa truatee. for ground renta, taxes and assesaments~ and inauz~ance premiuiiu, ae tl~e caae msy be~ sur.h exe~ss slull be credited on subeequent psyments to be made by the Mortgagor for sucl? items or, st Mortgagee's option, as truatee~ ahsll ba refuaded Lo Mortg~gor. Ii, however~ such ~iionthly~psyments ahsll not be suMieicnt to ps~ such items when the ssme sha11 beoome due andpayable, then the Mortgagor aholl pay to thc~ Moriga~ee~ as trustee, ~ny amonnt bo make up < the deficiency. Such ps~ment ahall be mncle within thirty (i0) dsva atter wsittea-notice f~-MotRgagee-- - statin~ ~~e +~mo~n~ oi the d~6cieacs?. ~?hi.ah 1~wtice m~y be ~?~eu by . ~ ~,t: . _ - - ~ . t. : ~ y .z~