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Home My WebLink About0611 . . n'~i 17 PAf,f" ~S To HAYE AND TO HOLD ~ 1IU16, ~~l' wHh1Jl anti'm;:r:' me ~U, heredi....l'lum.. and appur-- tenahC.'N t.be.revnto b..f.longing or ill. any~ 6ppertaining, and the. I"0nraion and reverlliona, NlR'1&inder of re- maindeR. &J\d aJ.o aU the NLate, "pt, title, Inte,...L, homt'lik'lad. do~et and right. 01 dower, aepar.&e ....te luTndon. daim and dem.aac! whawoever, .. weO in 1&w Sit in t({uit1t of the .id MortcAFf ita aDd &0 the H.IIle' and fI\'flry part ~reoI. with the appu.....ruuu~ of tM Mid M~ ill and to \he I&IM, ud ev., pan ;;J paroel t.henof unto "ho aaid Mortgt.pe in 'ee aitnple. ' ~ M~ bereby ClOVfil1lnts. "ith the' Morttr~, that. ho ill ind..r~aaiblY aoiaed ol.&id lu.d in fee umple or auch olliE'r eet.a~, if ...,y/ as Is sLated hl'l'6in; t.hat he haa full poW'E'I' and lawful righL to oon, vey.Lhe same .. aforeeaid; that the land is fl'f'(\ rom all oncumbta.ncca alcept u he~in ot.herwi" recited. thaI. laid MortcaIW will make ..uch furth<< ..ur-ancee to proVfl \he ..fonuld title to wd la,nd in __id Mortgape .. lDay be "'NOIl- , ably required, and that. Mid Mortpcor doea hereby fully warrant. the title to said land, and every pan Lhereof, and win defMd the 8UINl apiDat tbel...,ul claima of all peraoos ..norMoever, ' PaOYIDIlD ALVATa thaI. if theMortpgor shall pay unto the Morippe that. cer1ain pl"Omi88Ol'Y nOhl, of which the followinr it a eubatantial ropy. to wit: , 13.000.00. Port Pierce , Florida. SepteJaber 6, 1861 ' FOR V ALUIl R&C~YBD, the underaiped promile(a:) to pay to the order of J. S. GLlASOlf~JJt\ ' . I u Administrator of V(ltt<<ana' Main. an Offi~r of the United 8~ ~....Md biI. au(X'~n iDA"~h OffiM. as aooh, anel his or their aMigna, the ~c!pal.um 0' , ,THIll 'l'Il11U8UD &Del nO/~OOI. - - .. .. - .. - - Dollars (, 1),000.00 ). Wlth Intel'M&- from da~ at the rate of ~i... ~ olle-tovtb PM' centum ( 5\ %) per annum on the unpaid balanee until paid, The hid pnncip&l and in,t4'....t "hall be payable ..t. th(lt oft\~ 01 1.1\., Loan Guaranty Ofti~r. Veterans Administration Rpgional om~. in St. ret8f.sburL Florida . ,or at. aurh other mace . the holder may ~iti'l in writing dNiYe~ 01' mataM to the debtor -k ~.monthly ilUltallm..nts of S'ven1i7.a...en and en, 100'. - .. - - .. .. .. -, - - - uouara (* 71 91 ),' commeQd~ on the 6th. , . day 0' Ootober, . 19 61, and oon~umr on t.he btll day of each month there..ltt'!' unUl \his note is fully paid, exeept. that., if fti)t BOOne.r paid.A. the final payment of principal ud intei'Mt ahall be due and p..yable on the 6th. day of "ept6ll1bar . 1986 . ' , Privileoge is reeerved to prepay at ..ny time, without premium or fee, the entire indebtednl"S8 or any part thereof not. Ieee than the amount. of one installment, or one hundred dollara ('100.00), whichever i5lesa, Any prepayment made on otht'r than an installment due date will not be t'l't'ditf'd u!ltil the next following inst.allment. due date, , If any defi<'ien('y in the paym('nt of any installment under thill note is not made good prior to the due dAte of th.... npxt such installment. die entire principal sum and act~M1ed intt're.st shall at cnee become due IUld pay- aLle without notic:-e at. the option of t,he boldt'r of this note. Failure to aleft'i.., thUI option shall noL conatitute a wwver of the right to ex('rl'if16 the aame in the f'vent of an18ubeequent default.. In the event of default in the payment of thia note. lUld if the same is collected by' an ..ttomey at law, the underaigned hereby agrce(s) to pay all cosla of oo)loction. including.. reasonable attOrney'. fee. , Thi8 note iA given for purchase money 01 real esLate and is secured by !JlOI1&ap. to aecure debt of even date herewit.h. given and delivered by the undcl'8igned to payee on certain real property deecribed t.berein. Pl'e8E'ntment.., pro t ('9t , and noti~fl are hereby wl\ived. , /a/ BILLY L. PBftGUSOlf , !llli'r;~'-".rgu.oiiu----u",---,,----,---, (ay-u) /U&ii~g:!---;;~W.Q.~ ....._____u. (SUL) ---______._.______..__u__u.___.u, .', ,--.,. .._.___u.._ [SEAL) . ----____u__._________.__.___u__,_.,.. --____h'__.U._..u (SEAL) And shall duly. promp!.ly, and fully perfonn. di.....harge. execute, ~lrect. complek'. and comply "ith and ahill~ by each and. e\'('ry .the stipulat ions. agn.oeml'nts, c.()nditioD8, and covenanta of aaid .promilllK!l)" note and of thiS mortgagE', tnen thismortgRge and the estate hereby created ahaU ceue 6Ild be null and VOid. The Mortgagor further connanla .. foUon: . 1. That he will pay tbe indebt.edn..... &8 hereinbefore provided. Privilege ia reeerved to prep"y at anv time, without premium or tee. the entire indehtedne81 or any part thereof not._ than the amount. of one installment.. or one hundred doUars ($100.00), whichever is l~, Any prepayment. made on other than an iustallment due dats will noL be credited until the next followiAg installment. due date. 2, In order more fully to protect the ~urity 01 this mortgage the Mortgagor, togethp.r with. and in addi- tion to, t.he monthly payments undt'r the tc!rma of the note lM"Cu;:.;j herebYl on the ilUltallmenL due date day of each month until the aaid note is luny paid. will pay to the ~ortgagee the following surne: (a) A aum equal to the ground rents. il any, next due. pin. the prenuurns that will next become due and payable on policif'B of fire and other haurd insurance covering the mortgaged property. plus taxes and UIIt"8ml('nla nt'x" due on tbe mortgagt'd property (all &8 estimated 1,y the Mortgagee and of which the Mortgagor is notified) Ieee all.urns already paid t.hHefor divided &1 the number 01 months to el..pee before one monLh prior to the date when auc~ ground rent8. prenuuma. taxes, and a&ee88- menta will become delinquent. such BUDl8 to be held by Mortgagee in trua" to pay said ground renta, premium8, tue&, and spe-~i~ &86e88Il1ents, (ll) The aggrt'gate 01 the amounts payable pursuant to subparagraph (a) and thoae payable on t.he note secured hereby. shall he paid in a single payment each month, t.o be applied to, the following it.ema in the order atated: ' . (1) ground renta. tues. U8e88menta. fire, and other l1aurd. iMurance premiums; (II) interest. on the note 8eCured hereby; snd (III) amortlz"tlon of the principal of said note, Any deficiency in the amount of such &gg1'f'Kal.e monthly Payment sb&ll unleM made good by the Mortgagor prior'to the due. date of tho nex~ such payment. co~~iLute an eY,en~ ~ default under thi" mo~, At Mor~ee's optIOn. Mor~or Will pay.. "late charge not. exoer..tdmg four per cenLum (4%) of an~ install- ment -when paid more than fiftt't'n (15) day>> after the due date tbereof to cover the extra expenae mvolved in handling delinquent payments, bu,t such "late charge" shall not. be payable out of the proceeds of any ~le made to satisfy the indebtedness lleCured bereby. unless such proceeds are sufficient. to ditcharge the ent.lre indebtednesa and all proper costa and eXp8naea eeeured hereby. 3. If t.he t.otal of the payments made by the Mortgagor under <a) 01 paragraph 2 precrding shall ~xceed the amount. of p..yment41 actually made by the Mortgagee. ror ground rents, t_:<<'8 and lL8St'S8ments, and insurance premiums. .. tbe CA8e may tie. such e.'tCMS shall be credit-t'd on subsequent paymenta to be made by the,Mort- gagor for such items or. at Mortgagee's option, s!lall be reCwld8d to MO!'tKagor, II. however. auch montl1ly payments shan not. be 8ufficient. to pay I!uch item. when rthe' MUle aball beCome due and payable. then th(' . _.~~-O'. _~~ ='. ~,..., .'_''''' '._'~_" _'__.._~_ ~___.. ..,......"...... _