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Cher with sU sad ait-g<tlar the teaemeat:, hereditament. sad appur•
To Havs ~-xa ro Ho>.a the eases, tote atnm and the reversion and reversions, remainder or re-
tenances thereunto bcdoaginQ or is aaY~ apP~ ~ g. is estate,
unainders, and also all the estate, right. title, interest, homestead, dower and-right of dower, aspan-
paseaaian, claita and demand whatsoever, as well m law its to equity, of the said Mortgagor is and to the same
and every part thereof, with the appurtenances of the said Mortgagor h- and to the same, sad every part an~
parcel thereof unto the said Mortgagee in tea simple.
,~ Mortgagor hereby oovetunts with the Mortgagee, that he is indefeasibly seised of said land in fee
simple or such otbec estates d any as is stated herein; that he has full power and lawful right to convey the same
that the land ss free i~rom all encumhrances eaoept as herein otherwise recited; tbat said Mortgagor
as aforesaid;
will make such further assurances to prove the aforesaid title to said land in said Mortgagee as may reason'
ably required, and that said Mortgagor dates hereby fullyy ws~~ he t~~to sai<11and, and every part thereof,
and will defend the same against the. lawf ul claims of all pe
PROY1DSD ALwATa that it the vtortgagor shall pay unto rho Mortgagee that certain promissory note, of
which the following is a substantial copy, to wit: !'ort Pisras . ~~•
fi 12,000.00. Ds.oettrber 19 ~ lg 61
Fos Var.us Rscsivgn, the undersigned pmmiae(s) to pa y~ ~ ~~~ of Veterans' Affairs, an Officer of the
alsason, Jr • ' ~ Ad • • the principal sum of
Un~1 g~a~ea ~i America, rid h' au it such office, as such, and his or their~s~lig~s,(=12 i 000 r 00 ),
fiiteln Thousand and ne s - - - - - - - - -
with intercat from date at the rate of rive At one-!'OUrth per centum ( ~ %) per annum on thye
unpaid balance until paid. The said princippa~l and interest shall be payable gloYidam of the Loan Oat such
Officer, Veterans Admunatration Regional Office, in 1st Pet ~~ccsbuYgg,
red or misled to tl~e debtor in monthly installments of ,
other place as the holder ma d~~,ate in writing delive _ _ - - - _ ~ - ~U~ (_ ~ 1.91 ).
Seventh-01st. and ~1/ i~`~ t s - - , lg 62 , and continuing on the
commencing on the 19t day of ,~an~i'7 Y P c~p t that if not sooner
19th day of each month thereafter until this note is lull aid; e~~/th ~ da of
paid, t{te final payer ent of p9n~pil and interest shall be due and payable on the l~/ Y
Us cembb66 b
a at sn time, without premium or fee, the entire indebtedness or any part
privilege is reserved to prep Y Y
thereof not Iesa than the amount of one installment, or one hundred dollars (1100.00), whichever is less.
prepayment made on other than an iratallment due date will not be credited until the next following installment
due date. -
If any deficiency in the payyment of any installment under this note is not made goat prior to the due etc
of the next such installment, the entire principal sum and acrruecl interest shall at once become due and pay-
able without notice at the option of the holder of this note. Failure to exercise Chia o lion shall not constitute
a waiver of the right to exercise the pia collected b o an attorn ~ at lawof the undersigned hembY faagr~(s) hm
payment of this note, and it the same Y
pay all costs of collection, including a reasonable attorney's tee.
This note is given for urchsse money of real estate and ~ secured by mortgage to secure debt o[ even
date herewith, given and delivered by the undersigned to payee on certain real property described therein.
Presentment, pmtcst, and notice are hereby waived.
~s~-_JOHN P. ?Y3ON __--- [at:.~Lj
- ---------------------------
John -P~--Tyson-
/s,-MARY L. TY30N ---------- - ----------- [at:+Lj
Mary ~. Toson --
- ------- - lae.~~]
--------------------------------------- - --------
Md shall duly, pt'omptlv, and tally perform, discharge, execute, effect, complete, and comply with and
abide by each and every ihe~atipulations, agreements, conditions, and covenants of said promissory note and
of this mortgage, then this mortgage and the estate hereby created shall cease and be null and void.
The Mortgagor further covenants as follows: at env time,
1. That he will pay the indebt edneas, as hereinbefore provided. Privilege is reserved to prepay
without premium or fee, the entire indebtedness or any part thereof not lase Wan'tl-e amount of one mata~lment,
or one hundred dollars (1100.00), whichever is less. My prepayment made on other than an installment
due date will not be credited until the next following installment due date. - ther with and in addi-
2. In order mo-~e fully to protect the security of this mortgage, the Mortgagor, loge
lion to, the monthly ps3-me~ts under the terms of the note secured hereby, on the mat,allment due date day of
each month until the sad note is fully paid, will pay to the Mortgagee rite following soma:
lus the premiums that will next become due acid
(a) A sum equal to the ground rents, if any, next due, p pe
payable on policies of fire and other hazard inauran~ co~vel esges[,ms~ed by~the hiort,~tagpce~ and of
and assessment8 next due on the mod tgaged props ~~d therefor divided b rho number of months
which the Mortgagor is notifped) less a.l soma a ready p remYums, ~~~ and assess-
to elapse before one month rior to the date when such ground renA ~t to pay said ground rents,
menu will become delinquent, such sums to be held by Mortgagee
premiums, to:es, and special asaeasinents. ( _
(h) The aggregate of the amounts payable purauanne ~eachpmon~th pt be applied to the t Ilowing items
secured hereby, shall be paid in a single pay
in the order elated:
(I) ground rents, taxes, asaesamenta, fire, and other hazard insurance premiums;
(II) interest on the note secured hereby; and
(III) annortization of the Principal °'f said note. ent shall unless made good by the Mortgagor
Any deficiency in the amount of such aggregate monthly paym
prior to the due ds-e of the next such payment, conatinot exceeding touaper eentumr(4%) of a~nygnst It
Mortgages a option, Mortgagor will pay a 'late charge
merit when paid more than fifteen (15) days after the due date thereof to cover the extra expense involved
in bandit delinquent pa merits, but such "late charge" shall not be aY~lg„off,u~ nt to d acharge the entire
made to s~atisty the indebtedness secured hereby, unless such proceeds
indebtedness and all proper costa and expenses secured hereby. -
3. If the total of the pa enta made by the Mortgagor under (a) of paragraph 2 preceding shall exceed the
ym for and rents, ts!crs and assessments, and insurance
amount of payments actually made by the Mortgagee, gro
premiums, as the case may be, such excess shall be credited on subsequent payments to be made by the Mort-
gagor-for such items or, at Mortgagee's option, shall be refunded to . o r. It, I~owever, such monthly
payments shall not be sufficient to pay such -tema when rite same shal~me due and payable, then the