The URL can be used to link to this page

Home My WebLink About0987 . ~ 'lyu~ \1~~ttgagor hen~by co~•c~nants H:tl~ the \lurigngee, thet he(she +s inde[easihly seired of said land in t~y~ simple c~r ' sucl~ other estate, i[ a?ip, as ~s stated hert~in; that hejshe his fult power and tawNt right tc~ conv~~y tti~ ~ame as afon~said; that the Isu~d is free fran2 all ~itcamorances except as herein nlher~ise mcited; that seici biortgag~~r ~viil make surh furlher ; ~surances to pro~•e the afo~~said titlc lo s~id land in said riort~agee ns may be reasonably r~~quircd, and that said bfortgagot ~ doc~s hernby fully ~~~arrant lhe title to said iand, and er•ety part thereof, ~nd wili defend thc samr- agxinst th~ laa•ful claims of ' all persons whom~c?~~•, r, PKOVtn~:a Auwntta that if the ~iortgagor suall pay unto the Mortga~eti Ghst cert,aii? promissory note, oi ' ~v}iic6 tho following is a subst,antial copf, to wiL: 3 50,000.00 Port S~ , Lucie , F1or;d~?, l~ecember 22 ? 19$7 • F~ft YALU~ IZ£CEIYED~ the unde,~i~i~i promise(s) to pay to ~ ~ ~ HOUSING MORTGAGE CORI'OItATION ~ , a oorpdration organized and exiat.ing under 4he ~ lawa of Pennsylvania , or order, the principal aum of FIFTY T}10USANll AND h0/100------- ~ Dollars (~50,000.00 with interest from date et ` t6P rate of Tet? and One Ha1f per cenium ( 10.5 °~o) Per annum on the unpaid balance until paid. ~ The said priacipal and interest ehall be payable at the offiee of Housing ~lortgage Corporation, P.0. Box 48, i.n Pittshurgh, PA 15230 ~ or at such other place ae the hotder may deaignste in writing delivered or ma.iled to the debtor, in monthly iustallments o(Fo~ar Hundred Fifty Seven &37/100 Dollara ~=457.37 commencing on the firat day of February , 1988 , snd ~ontinuing on the first day of each month theresfter until this nots is fully paid, except that, if not sooner paid, the final payment of principal and interest shall be due and payeble on the first day of January , 2018 . Privilege is reserved to prepay at any Lime, without premium or fee, the entira indebtednesa or esny part thereof not less than the arnount of one installment, ot one hundred dollais (~140.a0), whichever is less. Prepayment in tul! shall be credited on the date received. Putial prepayment, other than on an Instaliment due date, need not be credited until the next foltowing installmeni due date or thirty days After such prepayment, whichever is earlier. _ ~ If any deficiency in the payment of any inst~llment under Lhis note is not made goad prior to the due date - of the nbat auch instaWnent, tha entire principal sum and accrued intErest shall at once become due and pay- able without notice st the option of the holder of this note. Failure ta exercise this optiou aball not conetitute a waiver of the right to e~ercise the sa~ne in tha event ot any subsequent defeult. In the event of defa«lt in tho payment of this note, and if the same ia collectsci bp an attorney at lsw~ thQ undersigned hereby agree(s) to pay all costs ot collection, inclu~ing a reasonable attorney's iee. Thi9 note is secured by mortgage of even dat,e eaecuted bs the underaigned on certain property describc+d therein and represents money actuslly used for t.he acquisition oi said property or the impn~vemente thereon. Presentment, prot•eat, and noticA are hereby waived. /s/ Harry Seramba [SEAL] ~iarry Seramba Ls~~oan Seramba [sF.AL] Joan Seramba - - - - [sEA?L] [SEAL] And shall duly, promptly, and fully perform, discharge, execute, efiect, complete, and comply Evith and abide by each and etiery the stipulations, agreements, conditions, and covenants of said promiasory note and of thia mortgage, then this mortgage and the estate hereby created shalI cease and be null and void. The Mortgagor further covenants as follows: 1. 'Ihat he/she will ~ay the indebtedness, hereinbefore pravided. Privelege is reserved to prepay at any time, ~vithout premium or fee, the entire indebtndness or any part thereof not less than t.he ar:iount of one installment, or one hundred dollars ($100.00), ~vhichever 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 unti! the next following installment due date or thirty days after such ~~repayment, whichever is eazlier. ~ 2. In order ii~or~ full~• to protec~t thc securit~' o( this n?ortgaKe, thc :~fort~;egor, togeihc~r with,~ane! in addition to, the n~onthl~• pa}•ruents uncler th~ teri?~s of the~ note sr~•urcd ??rreb~~, on thc first da}• of each ~npnt~h atilil tl~e suid not~ is full~~ pei~l, will pn~• to the ~-lortgak~~, as trusle~, (uncl~r tiir t~rms of this lrusl as herein- aflc~r stated) tlic fullowinK su~ns: (aj A sum equal to the ground rents, if any, next due, pius the premiums that wil[ next become due and payabtp ' on policies oi fire and other hazard insurance eovering the mortgaged property, pius taxes and aswessments next due on. the mortgaged property (all as estimated by the Mortgagee and of which the T+iortgagor ia no!i6ed) less all aums aiready paid therefor divided by the number of months to elapse before one month prior to the d~te when auch ground rents, premiums, taxes, and assessments will become delinquent, such sums to be held by Mortgageeintruaf,f~payssidgroundrents,premiums,taxes,andspecialesse.ssments. (b) The aggregate ~f the amounf,s paynbte purauant t4 subparagraph (a3 and those payable on the note Recured hereby, ehall be paid in a single payment each month, to be applied to the following items in the order atated: (I) ground rents, taxes, assessrnente, Sre, and other hazard insurance premiume; (II) interest on the note eecured hereby; and (III) amortization of the principal of aaid note. Any deficiency in the amount of such ~;gre~ate monthly payment shail, unless made good by the Mort- gagor pr~or to the due date of the next such payment, ~onstitute an e~~ent oi default under this mortgage. At Mortgagee's option~ Mortoagor will pay a"late clisrge" not eaceeding four per centum (4°Jo) of any instsil- ~ ment when pnid more ~,han fitteen (15) da_ys aftcr the due date thereof to cover the extra expensc involved in ~ hsndling delinquent payments, but such "late charge" shall not be payable out of the proceeds of any safe made to satisfy the ~ndebtedness secured hereb_y, wiiess such proceeds are sufficient to d~scherge the entire indebtedness and alf proper costs and expenses secured thereby. ~ 3. If t~~e total af the psr+nc~~~tc »~n~l~ h~• thP Pt~IortFa~or und~r (n) ot p;.~ragrnpl? 2 precedin~ shall exceed ~ th~ amount ~f pai•»>enls a~tuall~• ii~a~l~ t;~• t~~e 11ort~;s~Kec•, as truste~, f~r Krounrl renis, taxes an~i e.ssessrnents, ~ ' and insurance pr~iuiu~ns, as [he case ma~~ b~, such Pxcess sl~all b~ cre~lited on subseyuent pa~•ments to he made ~ ~ b~ the ~Tortgagor for sucli ite~ns os•, at ~tortg~~e~'s option, n.~ trustee, shall be r~tunded to Mortgagor. 1f, however, such ~nontl?l~- parments shall not 1?c~ suffi~•irnt to pa}• surh ite~ns K•hen the sen~e shall become due and pa~'ctble, thc~i tlic tilortKa~or shnU pnr to th~ 1~lortgn~e~~, as truste~, an}• an~ount necessery to mske up t:~e de~cicnc}•. Suc1~ pa}•n~ent shnlt be n~a~le µ•ithin thir±~• (:i0) da~•s nfter wri!ten not.ice from the Mor~.gagee stating the amount of the deficienc3~, which notice may be given by mail. lf et any time the MortgsgQr aha]1 . . •"~„°F~. . . . ~ , . . _a . , . . t . . . _ , , ~