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HomeMy WebLinkAbout0159 . ,~ T, ~ UCI( cnll~Tr. q A, To II.-\ VE HID 10 HOLD tht. u.m~, ~t.her Wltl> all uul ImlUlf.r th" t-enftffit'nta, b,,~it.&t&ec..'l &."ld appur- t('l'3n~ thl.'n'unto belonging or in anyWl'iC appertainin., and the f('v"raion a,nt! revonU(t:lH, remaintier 0:' re.- mainders, IU1d lLko dl tho estate, ri,{ht, title, 1i1terest., homl'atud, dower and ruu-t of d( wer, ICfaratc Clllt&te, rosaeMion, rlaim loIld d8Dl..ad wbateoover, AI' well in law..os in equity, 01 t.M ,""iu Mol'tiagor in t\.DU to L~e lalUe, and e'.'ery part t1lereof, 't\~1h tbe &ppUr~nlW~, of the aa.id Mortp,sor in and :0 the 6&lltO, and erory part. ana pared thNoof lmto the Raid Mor~ in fee ample, The Mortgagor hereby OOV~ilLta with tho Mortg&gt'(', that he i& inJ.c!l.'lISibly seised of Kid land in fee simple or ~uch other eGt...te,. if.any 1 as is 8tat.t.>ci herein; that he has full p?wcr llnd !awful, right to OOl1~ey.'he 8&In8 ~ ,forea&ld; that t,he land 1.8 :roo from all cncumbflH:c~ ex.c.flpt as h.erem o~erw:lse reotOO; that &a1d Mortgs.gor Will make 8uch furtht"r M81!l"&I1Ces k- prove the aforesaid htle to 8ald land 10 aatd Mortg~ &II Olav be reason., ably rMuired, and that Rid ~.{ort.gagor does hEr:eby fully warrant the title 'G snid 1&11.\, and "very part thl'reof, and will defend the same aglUll8t the lawful daHllS of all pel'8OO8 whomsoever, PROVIDED ALWAY8 that. if the Mortgagor ~all pay unto the Mor~> I.uat c.ertain promi880ry not('l, of whicb the folll'wing is a subetantial ropy, to WIt: '12,600.00 Fort Piel'or, , F1orida. Maroh 3 ,1961 . FOR Y ALtJF. REC&lVF.D, the undel'8igne.,-i promisees) to pay t,o .the order of J. S., GlEASON JR. ',Nt Admmlstr@tor of Vet~r&n8' Afh.:rs, an Officl'r of the United Statl.'8 d Amer~ca, and hi8 8UC("{'8801'8 in such offic.fl, &8 Juch; And his or their assigns, the prineipal sum of T4EINE THOUSAJID SIX HUNDRED AND "10(.100 - - - - DollllJ't1 (S 12,600.00 ), ,,;th interest {rom (law at the TaU of five ~ one-rom th pt'r centum ( ~i %) pt'r a.:mum on the unpaid balance until paid. The 8aid princip~ and int.el't'8t sh..JI be paysble At the o1nrc of the Loan Guaranty Offi~r,Vetertul8A.dministration~egion~Oft.ic:;e,in .St. Pet~rsburg, F10tlda . ,oratsuch other plftCEl &8 the holder may' d~te m vmtmg dehvered or maIled to t.lie (lebtor~m monthlv IIlstallmrnts of Seventy-Flw;8 and .?l/100's - - - - - - - .. - - - - ollars_(S '75.51 ), ccmml'nring Oll tbe 3rd day of Apri 1 ,19 1, and e~ntmwng on the 1rd day of ol\(',h month thereafter until this nQu is fully paid, exc.ept that, if not Booner ?aid, die final paj'llh:i,;" of prin\.'ipal and interest shall be due and payable on the 3rd day of March ,19 86. , Privilege is re88X-VW to pl't'pay at r.ny time, without premium or fee, the entire indebtedness or any part thl'roof not less than the amount of one installment, or one hundred dollars (ilOO.OO), whirhever i8 \ess. Any prepayment made on other tha.n an inBtl'llment due date will not be credited until the next foilo\\;ng- installment due date. If any deficiellcy in the payment of any installment under this note is not made good prior to the due date of the neXt 8uch installment, the entii"tl principal 8um and accrued interest shall at once become due and pay- able without notice at the option of the holder of this note. Failure to eA:ercise this ootion shall not constitute a waiver of the right to exercise the same in the event of any eub8eq'leni default. In the 6'1ent or default in the payment of this note, &nd if the 8&llle is collected by an attorney at law, the undersigned hereby agree(s) to p&)' all costa of collection, including a reasonable attomeY'8 fee. This n(\te i8 given for purch&fle mouey of real estate and i8 secured by mortgage to 8ecl.1re debt. of even dat.fl herewith, given and delivered hy the undersigned to payee on certain real property described therein. Presentment, pMtt'St, IUld notic.fl are hereby waivEld, is/ ROBERT F. FREY IrnBERT' 'F: --TREY - -' -- - -. -- -- -- mm --- m -- -- - [8 f;,\ LJ l~l__~_'!'.!X__~!_._~~X:.. _ __m_____mh_ [8t:.u] BETTY L. FREY _ ________m_m [8t:.u] u____________ n________._____________________ _____________ [SEAL] And shall dul)', promptly, and fully perfonn, diacharge, execute, effect, complete, and comply \\;th and J'bidl' by each and evc>ry the 8t.ipulation8, agreementa, conditions, and c()venanta of said promissory not('l and of this mortgagl', then thiB mortgage ilIld the e8tat~ hereby created shall Cea8e and be null and \"oie[ The Mortgagor further covenanta 8.8 follows: 1. That he will pay the indebtooness, S8 hereinbefore provided. Privilege is reurved to prepay at an!. time, without premium or fee, the entire indebtedn~s or any part thereof not less thac the amount of one installment, or one hundred dollars (Sloo.00), whichever is less, Any prepayment made on other than an installment due date will not be credited until tbe next following i....tallment due date. 2. In ord:>r more fully to protect the security of this mortgage, the Mortgagor, together with, s.nd in addi- tion to, the monthly paymcltUl under the terms of the note securo:-d hereby, on the installment due date day of I'ach month until the said note is fully paid, will pay to the Mortgagee tbe follov,i.ng sums: (8) A sum equal to the ground renta, if any, ne.xt due, plus the premiums that will next become due and payable on policies of fire and other hazard ID8Urance covering the mortgaged property, plus taxes and assessments next due on thr- mortgaged property (all &8 estimated by the Mortgl1f;ee and of which the Mortgagor is notified) If'ilS all sums already paid therefor divided by the number of months to elapst; before one ~onth prior to the date when such ground re~ta, premmms, ~e9, and 8.88eas- mpnls will bec.ome dehnquent, such 8uma to he held by Mori..gag~ In trust, to pay saId ground rents, premiums, taxes, and special 888eS8illenta. (b) The aggregate of the amou~ls .p;;.ye~le pursuant. to 8ubparagraph (a) and .those payable o~ th~ note secured hereby, 8hall be p&1d ill & single payment each month, to be apphed to the followmg Items in the order st.~tcd: (1) ground rents, taxes, ~me~ts, o..e, and other h~8rd insurance premiums; (II) interest on the note llOCured hereby; Iloild (III) amor~&tion of the principal of 8aid note, . Any deficiency in the amount of such aggregate monthly payment 8hall, unless madtl good by the Mortg~or prior to the due date of the Olext such payment, constitute a:l event of default under this mortgage. At :\fort.gr.gee's option, ~brtgagor wiiI pay a "lat~ cha:ge" not exceeding four }>('II centum (4%) of any iIultall- ment whelJ paid mor9 than fifteen (15) days after t.he due datfl thereof to cover the extra expense invol ved in handling delinq'lellt payment8. ~ut SUCb "lAte char1l:e" sh.Jl not be payable out of the proceeds of any Mle m&de to SIltiefy t,he inciebtedn~ SE;cured hereby, unfeM 8uch ProceOO8 are sufficient to ai..charge the entire indebtoone88 ~nd all proper cceta and expenst>8 seeurad hereby, " 'I