HomeMy WebLinkAbout0791~oo~ 26 P~r~ 9i
Tu NAYB ANa To Ilona the same, together with all and singular ~ t]~~Io ~M~d' ~-enta and appur-
tcnancca thereunto Ix•longing or in anyw-ae appertaining, and the reveruton and revcra-o~, Mmaincler or re-
mainders, and also all rho estate, right, title, interest, homcatead, dower and ribht of dower, separxte estate.
poaecwaion, claim amt demand whatsoover, as well in law as in equity, of rho said Mortgagor in and to the same
and cver~• part thcreot, with the appurtenances of the said Mortgagor in and to the same, and every part and
parcel tl-en•ot -mto the said Mortgagee in tee simple.
The I`lortgagor hereby covenants with the Mortgagee. that he is indPfessiblyy seised of said land in fee
simple or such other catate, d any, as is stated 1-ernin; that he hag toll power and law f-d right to convey the same
as aforesaid; that the land is free from all encumbrances except as hernm otherwise recited; that saidtilortgagor
will make such further asaurancca to prove the aforesaid title. to said land in said Mortgagee as may be reason-
sbly rrc aired, and that said :Mortgagor does hereby fully warrant the title to said land, and every part thereof,
and wil~ -Ic•fcncl the same against the lawt--1 claims of all persona whomsoever.
1'ROVIDF.D ALwAIa that if the Mortgagor al-all pay unto the Mortgagee that certain promissory note, of
which the following is a substantial copy, to w-t:
i 10, 600.00. Fort Pierce ,Florida .
December 27 , t9 61.
FOR YALI~l: Rtcktvaa, the unclcraigr-ecl pmmiae(e) to pa to the order of .T. $.
~~,,gg~~gg 1g~[ , as Administrator of Veterans' Affairs, an Otficcr of the
iTnitcGil~alcs0of rAmenca, and hia succcaabrs in such offs , as such, and i-is or their assigns, the n ci sl sum of
TSN TIIOIISAND s nc Hoe tD1D slid no~oo t ~ - ~ - - ~~1ar$ (: i8, dog. oo ),
with interest from date at the rate ve do one- oLU` h r crntum ( 5~ %) pc•r annum on the
nnpaid balance until paid. The said principal and interest si-dll lx• payable at the otflce of the Lean Guaranty
(Nficcr, Veterans Adm-niatrstion Regional Office, in St . Petersburg, Florida , or at such
other lace as the holder may es at ~ in writing delivered or mailccl to the debtor, in monthlyinstalUncnta of
Sixty-Three and ~3~00 a - - - - - - - - - - - - Dollars (i 63.53 ),
commencing on the 27t day of Jtuiuary 19 fit , and continuing on tlce
27th dad of each month thcrcaftcr until this note is fully paid, exec t. that, if not sooner
paid, the final payment of prin i al and interest shall be due and payable on the 2'~th day of
December , t9 ~g.
Privilege is reserved to prnpay at any time, without premium or fee, the entire indebtedness or any part
thereof not ksa than the amount of one instalhnent, or one h-mdred dollars (t1O0.00), whichever is 1~g. Any
prepayment made on other than an installment. due date will not 1-c crc•ditcd until the next following installment
due date.
if any deficiency in the payment of any installment under this Holt is not made good prior to the due date
of the next such installment, t(-c entire pprincipal sum and accn-ed interest shall at once become due and pay-
able without notice at the option of the 1-olclcr of this note. Failurn to exercise this option shall not constitute
a waiver of the right to cxcn•-se the same in the event of any subsequent default. In the event of default in the
payment of this note, and if the same is collected by an attorney at law', the undersigned hcrnby agree(s) to
pay all costa of collection, including a reasonable attorney's fee.
This note is given for purchase money of real estate and is secured by mortgage to secure debt of even
date herewith, given and delivered by the undersigned to payee on certain real property described therein.
Prescntmcnt, protest, and notice are hereby waives{.
/a/ QEORaE C. UHLEIlTTDORF------------ Is-:AL]
--- -
~eorge--C-. ~fi3endorP------
By_,~s~__BERTA UHLENDORF_ -______ -- Ise.+L]
hia Attorney-in-Fact
Sera Uhlendor3`
-----------------------------
And shall duly, pmmppth•, and fully lx•rtonn, discharge, execute, effect, complete, and comply ++•itl- and
abide by each and every tiic stipulations, agn•emcnts, condit-ons, and covenants o[ sa-d mmissor3• note and
of this mortgage, then this mortgage and the estate hereby created shall cease and be null and void.
The htortgagor further covenants as follows:
1. That he will pa~• the indebtedness, as hcrcinbetore provided. Privilege is reserved to prepay at any time,
without premium or fee, the entirn indebteclncss or any part thcrc•of not less than the amount of one msta]Iment,
or one hundred dollars (1100.00), whichever is leas. Any prepayment made on other than an installment
due date will not be credited until the next following installment.due date.
2. In order morn lolly to protect rho securty o[ this mortgage, the Mortgagor, together with, and in addi-
tion to, the monthly payments under the terms of the note Secured hereby, on the -nstallment due date day of
each month until the said note is fully paid, will pay to the 1Mortgagee 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 policies of fire and other hazard insurance covering the mortgaged proppecrty, plus taxes
and assessment8 next clue on the mortgaged pproperty (all as estimated by the ~iottgagec and of
which the Mortgagor is notified) leas all sums already paid therefor divided by the number o[ montl-s
to elapse before one month prior to the date when such ggrroound rents, premiums, taxes, and asscsa-
menta w-11 become delinquent, such sums to be held by lortgagee in trust to pay said ground rents,
premiums, taxes, and special assessments.
(b) The aggrc•~ate of the amounts payable pursuant to subparagraph be and those payable on the note
accund l1crrby, shall lx• paid in a single payment each month, to be applied to the follo++-ing items
in the order stated:
(I) ground rents, taxes, assessments, fire, and other hszeni insurance premiums;
(II) interest on the note sec:urrcl hereby; and
([II) amortization of the principal of said note.
Any deficiency in the amount of such aggregate monthly payment shall, unless made good by the htortgagor
~riur to the clue date o[ the next such payment, constitute an event of default under this mortgage. At
~ortga~;~e's option, Mortgagor will pay a "late cl-arge" not exceeding four per centum (4%) of any install-
ment when pa-d more than fifteen (15) days after the due date thereof to cover the extra expense involved
in handling delinquent psyn-cntng, but such "late charrgge" shall not be ayable out o[ the proceeds of any sale
made to satisfy the indebteclress secured hereby, unlcwa such proceeds are sufficient to discharge the entire
indebtedness and all proper coats, and expenses secured hereby.
3. It the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall exceed the
amount of payment:- actusl]y made by rho Mortgagee, or ground rants, taxes and assessments, and insurancr_+
premiums, as the cage 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 .Mortgagor. It, however, sucl- montl-ly
payments shall not be suEficier-t.to pay such items when tl-e same shall become due and payable, then tlic•