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Home My WebLink About1988B~~K 27 Pacf588 Tu IIAVR AND •nl IIOLD the same, togs r w~~]~4 the tenements, heroditsmenty and appur- tNllanl•f•R themunto 1--•lunging or in anywlli!-~~~IVIf1I1{n~~~ it~+~l•version and rcv-•rsions, mmain~lrr ur m- mainders, and also all the estate, right, title, Inter-+at, honu•stead, dower and ri~~,~,ht of dower, se Iarale estate, posces.4ion, claim and demand whatsoever, ae well in law av in -•quity, of the said `lortgxlror in sn-~ to the same, and Pver~• part thenr-t, with the appurtenances of the said Mortgagor in and to the same, and every part and parcel then~-f -mto the said 1liortgwge-• in fee simple. ThP Mortgagor hen by covenants with the ~forigag-•-•, that hP~is indefeasibly w•izcy! of said land in tee simple ur such other estate, if any, as is stat-r1 hemin; that hP has full power and lawful right to convey the same a.4 afonsaid; tl-at the land is tree ti•om all encumbranc-•s excrpt as hen•in otherwis-• recited; that said`tortgagor will make such further a.4surxnc-•s to pmvP the aforesaid title to said land in said Mortgagee as may be n•asun- ably rnr~quim-i, and that said Mortgagor d-xs hen•1!v fully warrant tl-P title to said land, and Peery part then•of, and wtill defend the same against the lawful claims of all persona whoms-x•ver. 1'aOYIDF:D ALiYAI'a that if the Mortgagor shall pay unto the Afortgagi•-• that Pertain pnlmiti,--ry note, of which the following is a substantial copy, to wit: i 7,750.00. - - ,Tanuart 18erce , 1962 , 1•lorida. Y Fox YALVf: RtcttvaD, the undersigned pmmisP(e) to pay to the onler of J. ~3. GLEASON JR. , ag Administrator of Veterans' Affairs, an Officer of the tinit-~I States of America, and his succ-•aw-rs in such office, as such, and his or their asaitms, tho principal sum of SEVEN THOUSAND S~j~j HZTNDRID FIFTY do no/100's -Dorm (_ ?, 750.00 ), M-ith intcn•st from date at the rat~+ of ~f ive & orie-fourth per centum ( 5 %) per anmm- on the unppaid balance until paid. ThP said principal and intcn•st shall lx• payable at the office of the Loan Guaranty Ofliccr, Veterans Administration Regional Office, in St Pete~B ur Floridpl , or at suc]I othe place as the holder ma es ate in writing delivered or mai1P-1 to ~e debtor, to monll-ly installments of >~or ty-S is and L}~~10~' s - - - - - - - - - - - - - Dollars (s 46.45 ), commencing on the 18$th day of j•'6b~`uary• . 19 62, and continuing nn the 18th clay of each mouth thernaftrr until t Ie note Is folk paid, excep • that, if not sooner paid, the final payment o[ princi al and interest. shall be due and-payable on the l~th day of Januarg , 19 8~. PrivilP~P Is reserved to prepay at any 'time, without pn mium or fee, the cntire• indebtedn-•as or any part thereof not less than the amount of one installment, or one huridrPd dollars (E)00.0(1), whichPVCr is IPSS. Any prepayment made on other than an it-sta;lment -hIP date will nut 1-P en•-lit-•d until tl-P next k-Iluwing installment due date. If any deficiency in the payment of any installment under this note is nut made goo-l prior to the due date of the next such installment, ti-P PntiFP principal sum and acrruP-1 interest shall at. once bec•Ome due and pay- able without notice at the oplion-of the holder of this note. h'silure to exercise this oPP~ion shall not constitute a waiver of the right to PxPrrlsc the same in the event of any s-ibscqucnt 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 hereby agree(s) to pay all costs of collection, inchuling a rnssonable attorney's fee. This note is given for ppurchase money of real estate and is secul•-~i by mortgage to secure debt of even date herewith, given and delivered by the undersigned to payee on certain real property described then: in. Prescntmcnt, pmlPSt, and notice am hereby waived. /s/ FRI3DERICx C, cooPER - ------------- - - - ------------------------ (SEAL] -------------- - Frederick C. Cooper /s1 VIRGINIA L. COOPER --______-- (SEAL] - -- .Virginia L. Cooper -------------------------------- - ------ - ISEAL] ------------------------------------ - - -- ---- ----- IaEAL] Md shall duly, prnmpth•, and !Idly perform, disi•hargP, exPCUtP, PftPCt, complete, and Pomply with end abide by each and Perry t P SUpldallo119, agreements, .~ondiliona, and covenants of Bald romissor • note and of ibis mortgagr, torn this mortgage and the estate hereby created shall cease and be null and voi~ The Mortgagor further covenants as follows: 1. That he Ktill pay the indebtedness, as hercinbcfore provided. Privilege is reserved to prepay at anV time, without premium or tcc ,the entim indebtedness or any part thereof not less than the amount of one Inata]Iment, or one hundred d:,lists (i100.t~), whichever is Icse. My prepayment made on other than an installment due date will not be credited until the next following installment due date. 2. In order more fully to protect the security of this mortgage, the Mortgagor, together with, and in addi- tion to, the monthly payments under the terms of the note secured hereby, on the Installment due date day of each month until the Bald note is fully paid, wiU pay to the Mortgagee 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 prop, rty, plus taxes and assessments next due on the mortgaged property (all as estimated by the Mortgagee and of which the Mortgagor is notified) lees all sums already paid therefor divided b~- the number of months to elapse before one month prior to the date when such ground rents, protnluma, taxes, and assess- ments will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, premiums, taxes, and special sasesamenta. ' (h) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the note secured hereby, 811e11 be paid in s single payment each month, to be applied to the following items in the order stated: (I) ground rents, taxes, aeecsslnenta, fire, and other hazard insurance premiums; (II) interest on the note secured hereby; and (III) amortizstio>i of the principal of said note. Any deficiency in the amount of such aggregate monthly payment shall, unless made good by the Mortgagor prior to the due date of the next such payment constituW an event of default under this mortgage. At Mort~ga~~e's option, Mortgagor will pay a 'late c~atge" not exceeding tour per centum (4%) of any install- ment when pstd more than 6itcen (15) days after the due date thereof to Dover the extra expense Involved in handling delinquent payments, but such "4te charge" shall not be payable out of the proceeds of any sale made to satiety the indebtedness secured hereby, unless such proceeds are sufficient to discharge the entire indebtedness and all proper costa and expenses secured hereby. 3. It tl-e total of t11e pa ents made by t11e Mortgagor under (a) of paragraph 2 preceding shall exceed t11e amount of payments actually made by the Mortgagee, for ground rents, taxes and assessments, and insurance premiums, as the case miy be, such excess shall be credited on eu u~en4 payments to be made by the Mort- gagor for such items or, at Mortgagee's option, shall be rettu-ded W Mortgagor. If, however, such monthly payments shall not be su8'cient to pay such items whdrl the name shall become due and payable, then the