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Home My WebLink About0961 ~1~ 1d 01' ~IICa 01~QQ~ ~i~R4~ N~A~ M q fi#{~ Ad[~QI{1 j 6R~6 [IO ON l{Yi pvwW ssw ww ~ ws ; as a~oresaid; t~u?~ ~Ae l~ad u iros ~eem all ancumbcaaoe~ asosp~ as heroin othe~rise reated ~ EhsL said~4iortgagar + will mske suc6 iu~rther wwrsaoes to pro~e We afora~id iitle to ~aid taad in ssid Mortga~gee ar ma~ bs re~a- ~ a~d will d~ ~d t~s ~ a~~st~ ~~r doe~ Lereby iull Munat tbe eiUe to ~aid l~nd, aad ever~ par~ theceot~ the b~aiul o4?uus oi ~ pae~ww whomsosver. Psonnsu A~.~r~in tDa~ ii the Mor~agOr ~all p~?~ unto ths Mor~~es flu0 osctain promi~wry ~wte, oi w4ic4 t6e followi,o~ is a subtaat~ial ooPT~ to wl~: ; s s5,s~o.ao ; Ft. Pierce , I+1odd~. ; May 5 , l9 87 . ~ Fos Vai.vs 2iscnvsn~ tbe undereipsed praniee(s) to p~y t~o FIRST CITIZFr1S FEDF~tAL SAVINGS AND ~ iM-1a• CWa7Wll'~11V17 f s oorporati~ o~nised and ~ under the law~ at 'll~ UNITED STATES OF AMEftICA ~ , . i i ot order, t6e princip?1 aum of FIFIY FIVE ~HOUSAND FNE HUNDRID FIFTY AND NO/100----------- ; --T------~------------------------~---------------------------__---------------nou.rs ~ (i S5, 550.00 wilh intee~t teom date ~?L tbe r~Le ct NINE AND ONE-HALF per ~ oeatum ( 9.5 Per ~anam aa tLe unp~id b~laaoe ualil paid. Tbe eRid princip~l and interest etu~q be ~ p:ynbte at the o~oe oi First Citizens Federal Savings and Loan Association at 1600 S. Federal ~ ~gt~y Ft. Pierce, Florida 33450 ~t suah ot6er pl~?oe +~s !he hdder may ~ des~n~te in writin~ dalivered or mai3ed to the debtor, in monthly inataltments ot Fpl1R HUNDRID SIX'IY ZHRF.E i AND 43/100-------------------------------------------------------------------- Dd1a» ~ (i 463.43 oommeacing on We 6rst day of ~ July , 19 87 , aad ooatiauins on ; L6e firs~ d~~ oi eacL month thareafter until Lhis note is fully paid, euoepti t~?t, ii not woner paid, the 8n~1 P~y ' menti of prinapal and int~c+ee6 shall be due aad psyable on the firrt dsy of June ~ 2017 . ~ pri~ite~e ia reearved to prepsy ~?t an~ time, Rithout premium or fee, the entire indebtednees or aa~ parC ! ther~c?f not lest t6an the unoant ot one ln:tallmeat~ or one huadred dollaes (=100.00)~ whlehrrer b te~s. Frepsyment la luil ~h~ll be credlted on the tLte n~ceived. PariW prepaynknt, otl~er than oa m huWlmertt dae d~tr, oeed dot be creditsd untA t6e Qant tdlowin= Iastalt~nent due date or thtrty dayt =tter sueh p~epayment. wbichever 4 earlkr. It ~?ny de8eienuy in the payment oi any inst~all~ent under tbie note is not msde good prior to tLe due dste oi the next auc,6 inataWnent, tba ent,ir~s principal sum und ~ccrued intereat ahi?11 st once beoame due and ~ay- able witbout notice at the optaon of the holder oi t6ia not~. Failure to exerci~e this option shell aot oonawtute ; ~~vaiver of tha right to e~cercise the asaie ia tbe event oi anp 8ubeequent defsulL. In the ev ~ oi defsult in the t poymenti oi this note, snd if the same is oollected by ~n sttorae~ st lsw~ the uadersigned ereby agree(~) t~o ~ psy t?ll ooets oi collect~ion, includiag a reasonable sttQrney's fee. , This note is seeured by mortgsge oi even date executed by the undara~gned oa ee:t~ain prnperLy described therein ~nd represenfs money actuslly used for the acquiaitaon of said property or the improvement~ thereon. Presentment, protest~ and notice ~re hereby waived. /s/ Thartas H. Nnrton /s/ Jean I. Norton ~g~,~ , . ~ ~ t~, f ~ ~ And ahali duly, promptlq, aad fully pedorm, diacharge, execute, eRect~ complete, and oomply with and sbide ~ by each and ever~r the atipulstions, agreemeafis, conditiona, and covensnts of esid promiseory note and ot thia mortgege, then th~a mortgage and the eetste herebq created ahall ceaee ~ad be aull and void. The Mortga~or further ouveae~nta ae followa: 1. T6st he w?iq psy the indebtednese, aa 6ereinbetore provided. PriviJe~ 'se reeerved to pnpsy at aay time, without premium or fee, tbe ~tin indebtedneae or aay psrt thereoi not lees tibaa the amoun! ot a?a inetallment, or one hundred dollus (;100.00). w6khever is kss. Prepayment in tull sbaU be credited on the date received. Partiai prPpayment~ other Wu~ on an instaliaient due date, need not 6e credited untll the next fotlowing instaliment due date or ' thirty days after such prepaytnent, whkhewet Is earlier. 2. In order more fully Lo prntect the security of this mortgage, the Mortge~or, together with snd in addition to, the monthl~ psyments under the terma of the note secured hereby, on the firat day of eac~? month until tl?e eaid note ia tu~ly paid, will pay to the Mortgagee, ss truatee~ (under the tern~s ot this truat sa herein- ~ stter stated) tt~e follovving aums: (a) A eum e~ual to the ~natnd rents, ii any, ne~ct due, plus the premiums tlut ~rill neut beoome due aad psyable ~ poLats ot 5re ~nd otber hasard inauraace oovering the mortg,aged PTOP~Y Plue taxes snd aaee~ameata next due on the murt~a6~ P~P~Y (all ae cetimated by the Mortgagee anc~ ot ~vhicb the Mort~or ia notifu~l)lees all eums alresd piud fbere~ar divided by the number ot maaths to da~~pee befoi' one m~th prioc to tha date when su~ ~ound rmta, pnmiums, taucee, aad a~ssm~ate will F~ecome delinqueat, auch sums to be hdd by Mort~ageeintruettopsyeaidgrounde+~nte,pnmiuaos,teuces~aadepeciAlsae~nenta (b) T6e aggn~ate ot t~a smour?ts pa sbk pureuant to subpi?naraph (s) and thoeepsy~ le a~s~ tbe nole eeeuc~ed hereby, ebaU be paid in a~ ps~meat esch moath, to be applied to t6e f~lI~win; itema in tbe order ststed. (Ij ~e+ouad r~te~ ta:ee, aexasmeata, 5n, aad other basard ineurnnoe pnmiums; (II) intenat eu the note eecur~d hereby; sad G~O (IIn amortisation o~ the priaapal ot s~id note. ~ Any.deficiency in the unount oi euch ~ggre{~t+e monthly ~iqment sball, unlese made ~ood by the Mort- gagor pr~or to the due d~te ot the next euch payment, conatitute an event oi detault under this mortgage, At Iufortgagee'a option, Mortgsgor~?il! pay a"laLe charga" not eacceeding four per cent,um (4%) of any inst,all• ~ ment when paid more tban 8it~een (15) dt~ys sfter the due date thereoi to cover the extn? exp~ase involved in bandling deliaquent paymenta, but auch 'late chsrge" ahaU not be psq~ble out oi the proceeds of any sale t-~ made to eat~siy ~he mde~te:dness aecured hereby, uale,se auch proceeds are ~u@'ecient to dischsrge the entin ~W indebtcdness ~nd sll pc+opar ooste and expenaa aecurad thereby. 1t'~ 3. 'If the total of the ps~tinenls n~nd~ b~ the Mortgagor under (s) of psra~rapl? 2 preceding ahall exceed o~o the unount oi pa,vmenus sctuall~ macle b~- t ie Mortgsgee, aa trustee, tor gmund rent$, taxes and aaaeeamente, om ~nd insunnce premiun~a, as the csse msy be~ such escess ei?ali be crediteci on subeequent psyments to be made by the Mortgagor for sucl~ itpma or, et Mortgoge~'s option, as truatee, sh~ll be ntunded to Mortgagor. If, hawever, euch rtiont}dypa yments al~s11 not T~c euffi~ient to par such itenu wh~n the same ah~ll beoome due and payable, then tl~e Mortgsgor shall pav to tl~~ Mortga~ee~ os trustee~ u~y amount nece~ary W tnake ap the deficiencv. Suc)? ps}~tncnt al~sll be ma~ie withiri thirty•(:30) du,vs atter ti?tetten not~ce tran t~ Mort~sgee a4tina tha amoua~ of t~w deficiwap, which not~ice may bs,~iveu - - .::,a..~ _ . . _ - - ' ~ Y~~- • ~~"1 =t J ~ . . . . ~ _ ' ' . . i.