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HomeMy WebLinkAbout2489 ,). a,~ 80~K 16 PACE 339 To BAVB AND TO HoL,D &he~. ~tlwor,with aU and ainglal.r t~h~1r,.cIW*Bl\ll6t"ta and .ppur- l('ln!,ll~ tht-reunto bt-Ionltlnl or tft, any~ .ppt'rtaining. and tlK> r""enion and revt'nUona. remain.lrr or re- maind~!-!.Ild..18o aU the eMat.. fIIht. tille. m~...L. ho~~. dower and, riKht of dow..... IM'p.rate PIItate. ~. ..ulm and demand wh.....YH. ...ell mi.. .. an eqUity. 01 the laid Mortpgor in and to the aame and f1V(>ry part tht"I't'OI. with the .ppurl.fonancea 01 the laid MOf't<<aIor in and to the 8&I1le. and ..very part and parct'l '''It'l't'Of unto the Mid Mortppe in fee .unple, The Mortpgor hereby oovenanta with ~ Mor~. that he is indrf...sihh' lM'iaed of said land in fee simple 01' aucla other Ntal.fo.. if any. as is statt"d.lwroin; that ht' hM full pow..r and lawlul right. to convev the s.me as .foreoid; tbat. the land . lree from all elWumbl"UlCt't8 eXt'ept .. hprein otberwi.. recited; that said 'Mortgagor - will Plake au..h lurtlwor __.uranc\'e to prove the aforeeaid title to aaid land in gicl Mortgagt'e as mav be rcuon- ably requind. and tbsL Mid ~forl.pgor dON he~by fully WllITlUlt. the titl.. to SAicl laml, ancl ('I\'..ry p.rt. thl'reol. and will drft'nd the same agamat. tbe lawful d.m.. 01 all pel'8OlUl whol1UlOflnr. PaOVIDED ~LW ~ va that. il t~e MortPltOr ~all pay unto th('l Mort<<"ICt't' that ....rtaiu pnunis..'IOry notl', 01 whi..h the 101l0wlIlK IS . aubetanllal ropy. to Wit: . 1~500.CO Fort Pierce Au[ust 17 . Jt1orid., , .19 ('l. FOR V ALUJ: RECEIYKD. the undl'niRfled promill('(B) to p.y to th('l onll'r 01 "T, S. GISA.30"~, J:'l. . as Adminiiltrstor 01 Vl'h'ran8' AffaiI"B, an Offil'c'r 01 the Unitt'd Stab'B of Amt"ri.... anell~i8I!U~'..'8Il()rs in !IlC'h o~C't'.:J _lUIsut'h, ancl his or thl'ir a8Ri~s, thp. princ'ipalsum 01 -:",7'";1'::'; ?t.lonSA'r:; ~T"~ .... ........p~.. "o/lc'I'I1 --.---------Dollal'8($ l/,c:'..,.,..... ), "ith intnC'8t lrom date .t the r.te of f'! vo .~. 0.,,; - f;-,' , r t I} J>t"r (,I'nt urn ( s+ %) J>t"r Ilnnum on t hI' unpaid balance unt.il paid. The hid prinripal and inle'rt',,1 "h,,1I be p.yable at t.ht' ofl1~1' 01 t h.. Loan Gllllrsnt \' ()ffict"r. Vett"ran8 Administration ~..gion~l ~C:t'. in . S1;. P.1;~r.burJ:, P'lorl,ta , or st slIc-1t other plac'e as. ' the holdt'r ma,)' df'8Jg1late III wntmg dl'hvered or mailed to tllr ell'btor, III monthly in8tallml'nl~ 01 31?:t'T-.'li'1e qnd O:V.tl1{i1S -----------~;:---:--~---------/Dollal'8(.69_0~ ), C'ommcl\c'lIlg on the . th day 01 ,:)~rtf:j~;)er , 19 r,l , and C'ontmulllg on Ihe ] 7 t "l , da}' ?' ~IU-h mo~th thl'l"C'altl'r until this note is lully psicl, .'xC'..pt. thsl, il not !loonl'r paid. ttefinal paymNlt. of pnnC'lpal ancl IIlt('re.'St shall be due and payable on the 1'7 t 11 day 01 AI"-'):l t .1lJ'l1 . Pri\'ill'~ is reservt'd to prepay at a~y time. without. pl"C'mium or foo, thl' I'ntire incll'~tednl'!lS or any part thl'reol not lC'88 than thl' amnunt of om' mstallmC'nt, or onl' hunelrrd dnllars (SlOOJlO), WhlC-hl'\'l'r is It's.~, Any pre.pa)'JlIl'nt. made on othl'r thsn an inKtallnwnt, dlw elate will not hc' (-rl'elill'd unlil thl' nc'xl lcollnwilll! inslsllnwnt chI{' el"t... If anv dt'ficil'nt'\' in the pavml-nt of any instslhnl'nt unell'r this notl' i8 nnt msdl' ~IHHI prinr to Ihl' thll' dah' 01 thl' nl'xt suC'h inslllllmt'nl, till' I'ntirt' priilripal 8um and aC't'ruC'Cl inh'n'sl Rhsll st one'c' hrC'omC' dIll' Imd pa\'- ablt' without notiC'e at thc' option 01 Ihe holtll'r 01 this note. Jo'ailurl' to exc'rl'isp this option shall nol ('nnslitllte a wai\'l'r of thl' right to ..xerC'isp the 8ame in the .'wnt 01 Bny suhscquI'nt elefault. In thl' .'\'..nt 01 delalllt in thl' payml'nt 01 this notl', and il tilt' same is C'olll'C'ted by an attoml'Y at law, tltl' undl'I"BiKOC'C1 hl'rl'hy aj!rl'l'{s) to pay all ..osts of C'nll('('tion. ioc-Iuding a reasonahle attom..y's f('('. This notC' is gi\'..n lor pun-hIUW mooc'y 01 rl'al1'8tatt' and is 8('(mr..d by mortgagl' to 8C'c'ure IIt.bt 01 1'\"I.'n datt' hl'l"C'\\;th, given and dl'livl'rffi hy the undl'I"Bigned to }Jayl't" on ('ertain real proJ>t"rty elescribed thl'rl'in. Prl'8C'ntml'nt, pn)tC'1'lt, aocl notil'l' arl' hl'l'f'h)' waivC'C1. / 3/ ;':A~CiTS F, n P:;T{ __u - uf!'q'r c us U F-, ., ~'l'';ie rh u________m u_ /s/ FLO~I'r~ :U',:~'H -----h?l.6-rrne..n~. '1(: 'r .. [lJt;.-\I.( [lJt;,\L( [st;,'.L) ___"_,,uu.. (St:.\L) And shall duly, promptly, "nil (ully pc'rfnrm, e1iRC'har~I'_ I'XI'.'utl'. l'fTl'l't, C'OInplt'Ic', Rnel c'nmply wil h Rllll ahielc' hy I'al'h anel 1'\'l'ry thl' stipulRlinn8, a~n't'nlC'ntR, c.ooclilions, anel c'ovl'nanib l" said rrnmis.~on' note and of thi8 mortgagc', tl\C'n thi8 mortgagl' and thl' C'State hereby cre'itoo 8hall ceaae and be nul and void. Thl' ~{orlgagor furthl'r CO\'l'nants as '01l0w8: 1. TIl&t. ht' will pay the ind.'btt'dnl'8.~. as hl'fl'inbt'lore providt'd. Pri\'i1t'ge i8 re8C'rvc<<I to prepay at any time, without. prt'mium or ft''', th.. I'ntirl' incl"'Jtc<<lnl'8.~ or any part thl.reol notlC'88 than the amount of one inst"hml'nt, or onl' hundred dollars ($100.00), whiC'hc'\'l'r is 1e.'SS. Any prepaynll'nt made on other than an installml'nt chIC' datt' will not be C'rl'ditl'd until the next lollowing in8tallmt'nt due date, 2. In onlt'r more lully to pnltt'd tht' securit.y 01 this mortgage, the Mortgagor, together with, and in sdeli- tion to, t.he monthly pa)'mc'nts llIldc'r thl' terms 01 tht' notl' 8C'c.url'd herebv, on t.ht' installment dill' dsll' dRY of radl munth until the sai.1 noh' is IlIlIy paiel, will pay to the ~{ortgagee the lollowing sum8: (a) A sum I'qual to tllC' grOlllld rl'nls, il any, nl'xt clul', plus the pl"C'millms that will next hl'coml' dul' and payahll' on polic'il'S 01 fir.. and other hazard insurant't" ('ovl'ring thl' morlgagt'd propt'rlr. pillS tues and a88C'88ml'nts nl'xt due on the mortgsged propt'rty (all as t'stimatt'd by the Morlglll!t't. "nel of whic'h thl' Morlgagor is notifit..I) IC'SS all 81111I8 alrl'adv paid thert'for di\'idNl bv the numbt'r of months to ..Iapst' lwlore on(' monlh prior to th.. datt' when such ground r('nls, premlulll8. tax.'S, "nel S88('88- menta will ht'come dclinqUt'nt. 8uC'h 8UIII8 to be hl,ld by Mortgagee in t.rust. to PIlY 8aid grllllllel rents. prC'Il1illm8, tax1'8, and sp.,t'illl &88C.'8SIl1I'nta, (1I) Thl' s~rrrgat.. 01 thl' amounts payahll' pursuant. to subparagraph (a) and thollC }Jal'ahlc on thl' note ~t'Hrl'd hC'r.'b)", shall Ix- psid in a single., payn1l'nt each month. to he applil'd 1.0 the fnllnwing itt'1l18 10 the Orel('f statl'd: (I) ground fC'nt8, tax1'8, 888C.'S8mc'nts, fire, anel other hazsrd insurllnct' pr..miurns; (II) intert'8t on the notl' lK'cufl'(l h('rehy; and (III) amortization 01 the principal 01 said note. Any cJt'fil'il'llcy in the amount df SIlC'h aggrc'gatt' monthly payment shall. unlt'S.~ made ttood by the Mnrtgagor prior to tl\C' ellle c!ate 01 the nexl such paynll'nt, constitute an event. 01 d~(ault undl'r this lIIortga~(', At Mortgagc'.,'s oetion, Mortgagor will pay a "lllt(' C'harge" not nC'Recling four pn centum (4%) of an~ lO!ltall- ml'nt whl'n pala more than filtl'l'n (Hi) daY8 alter the due date the:-eol to cover the I'xtra I'xpl'nse IOvolvl'd in handlilljl; ddinqul'nt payml'nt!l, but. sllC'h "Iall' C'harge" shall not. be payable out.. of the p~eeds 01 any s~le made to satisfy thl' indehtl'dnl'M seeu:,..d hereby, unlC'1'lS 8ul'h proceeds are 8ufficlent. to dlschargl' the l'ntlrl' in.lebt.edness and all proJ>t"r (~t.s and expenses IlCCUred bereby, 3. II t.hl' total 01 tht" pavmcntll mad.. hy the Mortgagor undl'r (a) nf par~rapJ. 2 prc't'rding shall I'ltc('C'C1 thl' amount 01 paymellt~ hCtually madl' hy thr Mortgagre, lor groulld r('lIts, taxC'8 and a~,"~t'SSll\enls. and in!lllranCt' prt'miums, as the Cl<l'Ie may bt'. suc'h exces.~ !lhall he cl't'ditNl on !lub8C'quent paym"ntR to he maele hy IiiI' ~{ort- gagaI' lor 8ueh iWIII8 or, at Mort.gagce's opt.ion, 8hall be relunded to MortgaW'r, If, however, such mont Illy paymt'nts sballnot he suffici('nt 10 pay ~uch ill'ms when Ihe same shall bt>rom.. dul' allll payahll', thl'n 11\1'