HomeMy WebLinkAbout0986 •
1'he Mo ~ • • ~ , . . ~
st;agor ~erob~ oovenwta with We Mortguge~y tba~ Le is ind ~?eib ~eisad.ot N?id land in !ee
as~atoei~
i~iduch oth~ tate~~ uny aa i~ t~tat~ed 6sreia; tlut he ba tull power ~d a~ul,~igh~t~ o~ vev tha u~me
, tha laad ires ~+om aU aucun0branoa exoept a Leroin o~harw~ r~tAd, t,Ll?t s~d~ulorcgsgor
will maka such iurtber ww~aaoes t,~ pro~a t~he aioree+~id tit,M to aid land in a~?~id Mortgagea as m~y be reaeon-
~i ~,~_red= u?d tba~ said Mort~aaor daae hereb~ lullt? ~rarr~nti L6e taWe t~o said l~nd, ~ad evsry pu~ I,hereof, ~
~wtl~ detead tDs same a~inst ~he lawiul o~u ot aU penou~ whomsoever.
which
tbpsjDLo~llaow~ yi
a iu~D~ itaatial oopyr~
b
jrnti
~~~to Lhe Moxtgagee thi?o oertain pwmiewry note, oi
= 41,600.00 ~ PORT ST. LUCIE , I+~~,
Ma rch 2 I, ~ i9 86 .
~
Foa V~s.vs Rsc~[rso, the unde~g,ned pra,n;se(a) to p~y ~o ;
;
MORTGAGE USA, INC.
~ ' a aorpon~on or~ntsed ~nd e~ie~itis uncbr the
ln.n ot THE STATE OF FLORIDA ~ or ordcr~ tbe priaaip~l aum ot FORTY ONE TH~USAND SIX HUNOREd
AND NO 100
~ / Dottats 41,600.~i^v a?ith 3aterat ita~t ~
tbe rate ot ~ INE & ONE HALF P~ oantum (9. 5%) Pe* amum on the unpaid b~tsaoe uaW psid. ;
~ i7~e esid princip.~ .od infi~i a~ti oa p~y~ ~ i~rs aS~a ~S 502 ~ E~~ t N.~~ HavBrt Avenut
m Melbourne Flori da 32961 ,~r at ~ah othu ~oe ae t~ h~er mt~y deei~a~te ia wdtin~
R
detivee+ed or mai~ed to We debtor, in monthiy installmenta otTNREE HUNDRED FORTY NINE & 79/100Doilius
ti 349.79 oommenciag on tha Srat day of May ~ , 1966 ,~ad oontinuina on tbe
6rst da~ oi e~ch month theraafter until Wis aote is fully p~id, e~oept t6at, ii not eooner paid, We fwat paymenZ
of prinapul and interest shall be due aad pay~bte on t~e firet day oi ~ ,
Pyri~ik~e is raerved to pregsy st an~ Eime, rrithout premiunn or fee. the entire iadebtedness or aqy p~?rt
the:+eoi aot ler thw th~ aawunt ot oae inailtmeat, or on~ hiWWdred dollaes (;100.00), whiche~ror is la~. Prapayrnent iA fuQ
dull be creditee! ou the date racehed. A~rtlv prepsya~eat, otber tlua oa w in:Wlment due date, aeed aot be ccedlted until
tde aazt toqowfn~ tnatatlment due date or thtrty days siter ~ud~ pt+ep~yment. wbkbever 4 adkr.
tt aa~? de8aieacy ut tLe pa~mant of any i~nstallm~nt under tbis note is not tnade good psior to tbe due dste
oi tbe aea~t sucb inata~lment, tbe ent~re p1'WO1pA~ 6UIIl RA(~ ~CCTUO~ lh~i'd9L 6DYl'1 iL O~Ce ~ECI)~i! allp i~Q ~i?y_ -
sble witbout ~tics at tbe opteon o! t~6e Lolder of this note. F~ilure to ezercise this option shall not oona4tute
~ • w,~iver oi the right to eZeraee the s~me in the event oi any subeequent detault. In the ePanO of detault in the
puyment of this note, aad i! tbe eame is collected by an at~omey at law, the underaigned hereby agree(s) to }
psy sll oosts of oollection, including a nawnable ~ttorney's fee.
This note is eecnred by mortgsge oi evea date ex~cuted by the uaderaigned on certain propertj deecribed
fherain~ snd repreaenta money actually used for the acquiaition of said propesty or t~he improvement~ tbareon. y`
Pnsentment, pmtesi~ Aad notice are henby waived.
/s/ Cavin J. Solida,~
Cavin J. Soiiday
-
/s/Naoma L. Sol i dax
Naoma L. Soliday -
r..e.. ~
~o~.+L~ ~ :
And eha~tl dul ~
Y~ P~mptlq~ and tuUy perform~ diacharge, execute, eQect, compkte, snd comply ~rith and abide
by each and ever~? tbe atipulaLiona, agreemeata, conditione, and covenanta of eaid promiseory note snd ot this ~
mortg~ge, thea th~e mortgage and the eatate henby created shall ceaee and be null e~ad void.
The Mort6egor iurtber eovenanta ae followe:
1. Ths~! he will y the indebtedaess, ea hueiabefor~ provid~. ~ri~~g~ is r~arv~ t~o pr~~y ~t ~y ta~,
e
without premium or ec, the wtire indebtednese or aay psrt ther+EOf not lms than L!?e amount ot one inatallment, or
one hundred dollus (S1Q0.04), whkhever is less. Prepayme~t in tull ahall be credited on the date received. ~artia! -
prepayment, other than on an instailmeat due date, need not be credited until the next tolloaring installmenf due date or
thirty dsys itter such prepayment, whlcherer is eartier. -
2. In order more fully ta protect the security of thia morlgage~ the :1~forigsgor, together with, and in ~
sddition to~ ibe. monthl~ paymenta unJer the terms of U~e note secured hereby, on Lhe first da~ of each month
until the aaid note is fully pa~d~ will pay to the Mortgagee, es trustee, (under the terms of this truat as herein- ~
after ststed) tl~e followmg au~na: _
(s) A aum ec}ual to tbe gmund rents~ if any, next due~ plua the pr+emiume that ~+il! next bxome due and payubl~ f~
on pol~ciea of $re aad other hssard iasurana oovering the mortS88~ PTOPe*tY Plus taxes and assessmentas ~
ne~ct due on the mortgsged property (all ae esti~z?atsd by the Mortgagee an~ of which tbe Mortgagor ia ~
noti5ed) leea all euane atready paid therefor divided by the aumber of moathe to elapee i~efore one month
prior to the dst~e whw such ground renta~ premiuma, taxee, and seaesameAta will become delinq0ent, ~
such ams to be held by Mortgageaintruattopsysaidgroundrents,premiume,taxes, andspeciala~seasmenta.
(b) Tbe a~reg~?te oi the amounts pay able ~rsusat to subpsragraph (s) and thosepe~?yable on the note aecured
--ber~?, ehill be paid ia 4 ffiagle payment d~ch montb, to be applied to t6e f~lto~?ing iteme in t6e order
ststed: ~ .
~(I) 6round rr,nte, tauea, aaeeaamenta, S~+e, and otber hasard inauranoe prcmiums; o.~o
(In int~ec+est oa the note eecured her+eby; aad
(IIn sanortis~tion of the principal d eaid note. ~pr
Any deliciency in t.be smount af suc~aggregste monthly psyment shall, unlesa msde good by the I~fort~ CO
gagor pr~or W tha due date ot the next auch psyment, conatitute an event of default under this mortg~ge. ~
At Mortgagee'~ option, Morigagor witl psy a"late ci~srge" not eaceeding four per centura (4%) ot sny install-
ment whenps id more tbw fefteea (15) daly?s after the dus dste thereof to cover the extrs expenae involved in
bandling delinquent payn~ents, but auch 'lste chsrge" ahsll no6 be psqable out oi the pcoceeda oi any saie
made to aalisfy the ~ndebtr.daesa secured hereby, unlesa such proceeds are sufficient to diachuge the entire ~
indebtedness and ~11 proper costs snd expenses secured ihereby.
` 3. If tl~e total of the parments macic b~• the Mongagor und~r (o) of para~!rnpli 2 precedin ahsll exceed ~i ~
ti~e amount ot papments actuull~ mad~ br flle Mo er, sa truatec tor round rents taxes an~sasessments i
~'~[+IgK ~ B ~
K , ,
and insursnce premiunu~, sa tlie case ma~ ~be, euch exceas aliall bc cred~ted on subsequent paymenta to be made '
by the Mortgagor tor suoh items or, at Mortgagee's option, as truatee~ ahsli be refundad to Mortgagor. ~f~ '
. ' hoW,ever, such uiont}dy paymenta sl~all not 1x~ suffi~~ipnt to par auch ite~»s wben tbe ssme ehnll become due
~~ndps~
avle, then tl?o Mortgaltor shnll pnv to the MoriRa~ee, a~ truatee, an~ smount, necesaery to mske up.
.the deficiencV: •.Sucii•p~~men1, l) be mn~ie within thirtv (:i0) da~e after 'tten notice ftom the Mortgsgee
...statan8 tDe amotmut ot the de~c~y, which no~iee may be given by maii. ~t wy Luna f~he Mortgag~or shail
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