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)T, LUCIE cr'lINTY. FLA.
To HAYJo: ,~ND TO IIOI,D th,' sam!', to~t'th('r will. 1\\1 I\/ul !\in~ulM Ih(' lt~nNn{\nl!\, hrrt',lit,w1t'nls Rlltl ~ppllr-
tt'lIaIH't'8 Ul('['{'lInto bdonging llr in I\n)'wi,;e lIoPPl'rtrlining, and till' n'v,'I'>lion ~nd n'I'I'rs:ons, rt'lllt\illllt'r c.;~ rt'-
mainders, I\nd .uso all the ('Slate, right, titl!', IIlt!'r<'8t, hOllwstet\,l, dowl'r t\n,1 ri~hl of dmn'r, R{'lHlrall' ,'state,
po88t'88ion, claim and demand what8OC~'!'r, &8 we\! in law 1Io11 in equil,y, of tll\. llt\id \t(lrlgl\~or in alld to Ihl' Sl\nll',
and ('\'('ry part th!'rcdf, with the appllrt~'nl\JlCl'8 of Ule 8&id ~turtgagor in and to till' Slune, and I'very pt\ft /tnd
pArcel th'('roof \mw the said MortgllgN' in f('t' 8imple.
The ~tortgagor hereby COVl"nants with the ~tortgl\~(,". thl\t he is indef,'asiblv Rl'izl'd of sai,1 Il\nd in fee
simple or such other estate, if any, &8 is statt,<l lwr('in; th:it Ill' ht\.~ filII power Imd lawful ri,:ht to l'OIl\'l'~" thl' st\\J\e
&8 aforestUd; that the land is (1'\'(' from all eneumLran('('s ,'x<'t'pt aR lwrein otherwis<' rt'eitl.d; thllt said \tortgagor
will make slll'h furth(\r &88uriulc('S to pro\'(' the afon'Said title to said land in sai,i \t()rt~a~e 1\.9 m/\y Lt, rt'/\son-
ablv ~uired, and that 8&id },.tortgagor do('s ht'~('hy full v warrant tl~e title to sl\ill bnd, I\nd eVNY ptlrtth,,/t'of,
and will defend the 8AIlle agalllst the lawilll chums of all pt.'rsons w;.omsoever.
PROVIDED ALW A Y8 that if the \Iortgagor shall pay \lnW thl' \torlgagtw 1111.1 l'ertl\in prolJlis,.;(lry nolt', of
which the following is a substantial ('opy, to wit:
S 12,500.00 Fort Pierce. Florida,
~prl1 11 ,1961 '
FOR VALUE RECEInm, tht' und!'rsi~ffi promise(s) W pay ~o ,the ordl'r o! J. S. ~ LEASON,
JR ' &8 Aommlstralor of \ l'tNan~' Afrali'S, an OmeN of Ih('
Unit~r~tatt'8 of Aml'rica. ano his SUC(,~8S0rs in slIch office, I\S Rlleh, IlIltl his or tll('ir a......."i~n8, t l'e prineipal sum of
'l'welve 'l'houea.nd Five Hundred &: no/lOO', --------- Dolltll'S ($ 12,500.00 ),
Wltn mUoreet l'rom date at the rat~ of rfve &: one-fourth p('r centum (5.\; %) pi'r annum on Ihl'
unpaid balance untn paid, The said principal and intert'St shall be payable at the Omt.,. of the Loan Gllfll'/lIlt y
Offieer, Veterans .Administration Regional Oflke, in S t, Peters burg Flor ida ' or at sUl'h
othe!' pl&ce &8 the holder maI. del)i$1late in wl'itin~ delivdred or maill'o to the dl'hto!", in monthl\' installm!'nls of
SeTent,.-Four and 91/100' s ------------------------ Dollars ($ '74 ,9~ ),
comml'neing on the 11 th day of PIa,. , 1961 , and continum~ on the
11 t.b day 01 each month thereafter until this note is fully paid, t'Xt'ept that, if not SOOl1l'r
paid, the final payment of pri~ipal and intert'8t shall be due and payable on the 11 th day of
A.pr~l. ' . ,19 b. ., " , ,
Privilege 18 reserved to prepay at any tlml', WlthoutpremlUffi or fee, the entire mdebtt"onl's,'1 or any part
thel'oof not le98 than the amount of one installment, or ont" hundn,<l dollars ($100,00), whiche\"t'r is les,~, Any
prepayment made on oUler than an installment due date will not he ereditro unlil tll(' n!'xt foilowinK inslRllment
due date. '
If any deficiency in the payment of any installment und!'r this not(' ie not made good prior to Ihl' du!' date
of the next such installment, the entire principal 8um and aCl'rued inter('st shl\llat one(' becomt> due and pay-
able without notic~ at the option of the holder of this note. Failure to ('x('rcise this option shall n('t constitut~
a waiver of the right to exercise the same in the event of any subsequt'nt default. In the event of ddalllt in the
payment of this note, and if the same is collected by an attorney at law, the undersi~ed lwr('by aKI't'ds) to
pay all C06ts of collection. including 1\ reasonable atwmey's fee.
This note i8 given for purchase money of real estate and is secured by mortgage to secure debt of ('ven
date herewith, given and delivered by the undersigned w payee on certain real property described therein.
Presentment, prot~t, and notice are hereby waived.
i~l_r.~~.~.~__,~ ~._P\1~~J~______m__. u. ._._, [su L)
Louis W. Durbin
.1.l.:$~_~.~t:1._P.~rbin .....____,. [SUI,}
Susan Durbin
. .....'" .p__ ltit:.~L}
__'UU.U__.U.____________U_______. . ______u.__ __. ,.... [!It:AL]
And 8hall duly, promptly, and fully perform, diS<'harge. execute, !'freet, ('ompl('t(', and comply with and
.!'obide by each and every the stipulstioD8, agreements, conditions, and covenrwts of said promissorv note and
of this mortgage, then this mortg~ and the estat.e hereby created shall cease and be null and void,
The Mortgagor further covenanta as follows:
1. That he will pay the indebtOOne98, '&8 hereinbefore provided. PIivilege is reserved to prepay at anv time
without premium or fee, the entire indebtedne88 or any part thereof not 1'.lS8 than the amount of one inslaflment:
or one hundred doll&l"8 ($100,00), whichever is Ieee. Any prepayment made on other than an installment
due date will not be credit~d until the next foilowing installment due date.
2. :In order more fully to protect the security of this mortgage, the Mortgagor, together with, I\Dd in addi-
tiOll to, the monthly payments under the terms of the not(l secured hereby, on the inBtallment d 'dat~ day of
each month until the said note is fully paid, will pay w the Mortgagee the following sums:
(a) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and
payable on pvlici~ of fire and other hazard insurance c.overing the mortgaged propert y, plus taxes
and a88ee8menta next due on the mortgag~d property (all as estimat.ed by the Mortgag('e and of
which the Mortgagor is notified) le98 all sums already paid therefor divided by the number of months
to ela~ before one ~onth prior to the date when &uch ground rents, premIUms, taxes, and 888e88-
men~ will become delinqu~nt, such sums to be held by Mortgagee in trust w pay said ground rents,
premlUm~, taxee, and 8peclIJ al8e88menta.
(b) The aggregate of the amo~ta 'paya~le pUl1l11ant to 8ubparagraph (iO) and those payable on the note
secured hereby, shall be p81d m a aingle payment each month, to be applied to the following items
in the order stated: "
(1) ~und rents: tUe8, as&ell8Illenta, fire, and other huard insurance preDiums;
(II) mtereet on tile note aecured hereby; and
(Ill) &mortisaLioD of t.he principal of aaid n.ote,
Any deficiency in the amount of ouch aggregate monthly payment shall, unleM IIUJ.de good by the Mortgagor
prior to th,e due, datl>. of tl:.e ne:{~ such pa..rnent. oonstituw an eV,ent of default under this mortgl\ge. At
Mortgag\)6 8 option, Mortgagor ....tll pay" late ~h&rge" not exceedmg four per centum (4%) of any install-
ment-when p:ud more tIan fifteen (15) de.yi af~r t.he due date thereof t.o cover the extra expense imrolved
in handling ~elinqu~t 'p!-ymenL8, but such "late eharr;e" shall not ba payable out of the pl'~ds of any sale
made to 8l\tisfy t~ m<1ebtedneu aecured hereby, unfees 8uch proceeda are 8u.ffi~ient to discharge the entire
indebt.ednea and..u proper ooet. aDd expen.e. secured bereb1'
.