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gQ~~ 20 PAtE 462
To IlAvE AND TO HOLD tJw 8&D1e, twtb~~~t"~ ~lar the tenements, hereditamenta ano appur-
t('lIall<'t'e t.h(-l"unto belongint; or in an~ 'a~~t'a\ttUlt,' lJ\<t'ml. revl'rsion and NWN'8iona, n.maindt'll or re-
maind~ Uld at.o .ill thu Mtate, right., Lille, mt.eroot, bomftlt.ead, dower and ri~t. of dower, 86parala estate,
poeee-ion, daim anl! demand wb.t.oever," "ell in law.. in equit.y, of the Mid Mortgagor in and to t.he aamez
and tlnry pan thereof, with the l\ppurwnaneee of the !laid MortcalOr in and t.o the same, and every part anCl
~l t.1It-roof unto the Mid Mo~ in fee aimple,
The Mortgagor hereby covenantA with the Mortgagt'C, that he is incicf('uiblv lM'ized of sa,d land in fee
Bimple or Buch o~r eeta~, if any, M is alated herein; that. he hu full power ami lawlul right, to oonveytht' samo
u afolt'l8&id; t.\tat tb8land is free from all encumbran('l('l8 NC('\~pt SA herein ot.llen'iae recited i that said Mortgagor
will make such further ..unneN to prove the afol't'Uid title to aaid land in said Mort~ .. may be reason-
ably required, aud that said Mortgacor doee hereby lully warrant the tiUe to said land, and every pan thereof,
and will defend t.he MDle apinat. the lawful claima of all ptftODS wborneoevE'r. -
PROVIDED ALWAYB that. if the Mortgagor shall pay unto the Mor~ that. certain promil!8Ory note, of
whic.-h t.ha following is. Bubatantial ropy, to wit.:
. 11,850.00. Fort Pierce , Florida,
Oc tober 17 ' 1961 >
Fox VALUE RZCIUVBD, the underBignNt promiae(s) to pay to the order of .J. S" GLEA::10N.
JR. ' M Administrator of Veterans' Affairtl, an Officer of the
UnitM Staws of America, and his BU~rs in Buch offi('-t;,r. M Bud1, and his or their usigns, the pril}..c!p'al 8um of
ELEVEN THOUSAND EIGHT HUNDRED F:LF',L'Y - - - - - - -DollftJ'8 (S 11,~?O.OO ),
with intereat from date at the rate of fi ve & one-fourth per centum (Sk %) per annum on the
unpaid balanu until paid, The said principal and inu-rt'6t, shall be payable at the ofl1('c of the Loan Qua.ranty
Officer, Veterans Administration Regional Offioo, in It. ,.t...... n_l" ' or at 8u('h
other plAce .. the holder may d~te in writing delive.rOO or mailM to Lbedebto~r m monthly iMtallmenta of
Seventy-One and 02/ ~OO' IS - - - - - - - -. - - - - - Uars (S 7'.02 ),
commen('ing on the 17th day of November ,19 1, and contmuing on the
17 t h day of each month thereafter until t.hia note is fully paid, except that, if nof sooner
paid, the final payment of principal and intereet shall be due and payable on the 17 t h ,day of
Octoljer ' 1986 .
Pri,,;}ege is reServoo to prepay at any time, without premium or fee, the entire indebtedness or any pm
thereof not less than the amount of one in8tallment, or one hundred doll&1"8 (S 1 00,00) , whi('hevt'r i8 less. Any
prepayment made on other than an instAllment. due date will not be ('redited until the nl'xt following in8tallment
due date.
If any deficiency in the payment of any in8tallment under thi8 note is not made good prior to the due date
of the next such installment, the entire principal Bum and accruNl intereat shall at one(' become due and pay-
able without notice at the opt.ion of the holder of this note, Failure to exercise thia option shall not constitute
a waiver of the right to t'xer..ise the same in t.he event of any 8ub8cquent default. In the event of default in the
payment of this note, and if the same is collected by an attorney at ~aW', the undersigned hereby agree(s) tq
pay all c.-08ta of oolleetion, including a reuonable attorney's fee.
This note is given for purchase money of real eet.ate and is IICCUrM by mortgage to secure debt of even
date herewith, given and delivered by the undersigned to payee on certain r8al propert.y described therein,
Preemtment., prott'St, and noti"t'! are hereby waived,
l~l. J&RQX..Q.'l.JMJH!'tl...mu..--' m___' - (In~A L]
LeRoy C. Haugh
lei__;l:a'ITXur,---ijAVGH .__.._________ (StaL)
Be tty P. Haugh
_...___.n___ (St;,\L]
_____.,..__.._u___..______...--_____.... _.. __ _. ..._n_ __ _ '. [BEAL)
And shall duly, promptly, and fully JX"rfonn, dillCharge, execute, t'fleet, complet~, and oomply with and
.abidt' by each and every the 8tipulations, agreementa, c.onditioll8, and ('ovenanta of saidpromiseory note and
of thiB mortgage, then this mortgage and thE' esLate hereby created shall ceue and be null and void,
The Mortgagor further covenanta as folloWil:
1. That. he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time,
without premium or fee, tbe entire indebtedneB8 or any part thereof not.leM than the amount of one installment,
or one hundred dollars (S100.00), whichever is lees, An~~::fayment made on other than an installment
due date will not be eredited until the next following ins ent due date,
2. In order more fully to protect the security of thia mortgage the Mongagor, together with, and in addi-
tion to, the monthly payment. under the tenn. of the note 1eC~ hereby, on the installment due date day of
each month until the .aid note is fully paid, will pay to the Mortgagee the following suma:
(a) A sum equal to the ground renta, if any, next due, plus the premiuma that will next become due and
payable on policiee of fire and other hazard insurance covering the mortgaged property, plus Laxee
ana U8(lJ88tnen\8 next due on the mortgaged property (all as t'8timated by the Mortgagee and of
whkb. the Morigagor.. not.ified) lerM allsUD1S already paid thtorefor divided bf the number of mont.ba
to elapee before one month ~ to the date wbcm such ground reilY, prelDJUJDa, wea, and UIe88-
men~ will become delinq~l, BUell sums to be helcl by Mortgagee in tnJat to pay said ground renta,
premiums, taxes, and Bpeclal ..r-mente, '
(b) The aggregate 01 the amounta payable pursuant t.o subparagraph (a) and tboee payable on the note
~ured hereby, ahall be paid III a single payment each month, to be applied to the following it.enw
in the order at.ated:
(1) ground renta, t.axM, 8..: ~nY, 5re, and other bUard iDaurance premiums;
(Il) int.erMi on the note aecured. hereby; and
(Ill) amortisation of the principal of eaid DOte,
ADy deficiency in \he &mount of such aggregate monthly payment ahall unlesa made good by the Mortgagor
prior to the due da~ of the' next aueh pa~.,nt.l co~\itute an event. 01 default under this mortgage, A\
Mortgagee'. oP!-ion, Mortgagor will pay a 'late cnarge" no\ exceeding fOW' per centum (4%) 01 any instaIl-
ment.-.hen paid more tlWt fifteen :15) days after the due date u..eof \0 cover the extra expenae involved
in haMii~ delinquen\ ~ymenta, but sucb "late charge" Ihall ~Yable 00\ of the proceeds of any aale
made t.o eatisiy \he indeb~ aeeured hereby, un_ such are auffieien\ \0 di8eharge \he entire
ind.9b~ aDd all proper C08ta and expeIII88lecund bereb,. .
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