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HomeMy WebLinkAbout2306. ~ _. . ' To Hwvs At'ta'ro HOLD the same, to~etbe~xi ~t~us . At~enementa, l~reditamaate and apput~ teaanoes thereunto bebagin$ or in anywise appec fieltec~o sad reveesioos, remaic-der or re- mainders, and.siso all the estate, right,~~title, mterest, hotaasts war and right of dower, separate estate, possession, claws and demand whatsoever, ss wall in Lw ss is equity, of the said, ortgagor in sad ZQ the same and every part thereof, with the appurtenances of the said Mortgagor m aed b tbs sears, sad every part an~ parcel thereof unto the said 11Sortgagee in tee simple. . Ths Mortgagor hereby ooveaants with the Mortgagee, that hs is indeteasibitiy seised of said land in tee simple or such other estate it any m is stated herein; that he has toll power and lawfiul n' t to oonvep the same as aforesaid; that the land ~s free from all enc4mbrat~oes e~coept as herein otheswiae recited;that said Mortgagor will make such further assurances to prove the aforesaid tick b said land iR said Mortgages as may be reason- sbl rreeqquired, and that said Mortgagor doei hereby tully_ warrant ~m~t Maid land, and every part thereof, an~will defend the same against the lawful claims of all persons Paovtasa ALwAirs that it the Mortgagor shall pay unto the Mortgagee that oeetain promissory note, of which the following is a substantial copy, to wit: = 7,000.00. - Fort Pierce ,Florida. January 23 ,19 62 . Fott VALU>i RscstvsD, the undersigned promise(s) t0 t0 the order of J. g• G~A30N JR t , as Aiminiatrator of Veterans' Affairs, an Officer of the United Mates Q~~ca` ~d his a ~gguch office. as such, and his or their assigns, the principalsum of gEV13N THONgAtvD an~ no vU a - - -Dollars = 7,000•VO ), with interest from data at the rate of five do one-fourth per oentum ( S} ~o) per annum on the un d balance until paid. The said Princi~ppal and interest shall be payable at the office of the Loan Guaranty O~oer, Veterans bdministrstion Regiottil Office, in 8t. -letersburg, )Elo~rida , or at such other place ro the holder tna to in writing delivered or mailed to the debtor in monthl installments of For ty--One and ~%1 0' s' - - - - - - - - . - (_ 1.95 ). commenc on the 2 rd day of February - , 19 sad continuing on the 23rd day of each month thereafter untIl this note is fully paid, exceptt~t, it not ~ not laid, the final payment of p cipal and interest shall be due and payable on the 23rd y January ,19~_r privilege is reserved to prepay it any time, without premium or tee, the entire indebtedness or any part thereof not lees than the amount of one installment or one hundred dollars (1100.00), whichever is lees. Any prepayment made on other than an installment due date will not be credited until the next following installment due date. If any deficiency in the pa ent of any installment under this note is not made good prior to the due date of the Wert such installment, the entire principal sum and aaxued mtenest shall at once become due and ~ay- able without notice at the option of the holder of this note. Failure to exercise this oplion shall not oonstttute a waiver of the right to e:erc~se the same in the event of any aubeequent 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, including a reasonable attorney's fee. Thin note is given for purchasa money of real estate and is secured by mortgage to secure debt of eves date herewith, given and delivered by the undersigned to payee on certain real property described therein. presentment, protest, and notice are hereby waived, - /s/ .HARRY C • HUBBARD, 3R • [REAL] /s/ S~INI\IE FAYS HiTBBARD ______________ [sEAL] ~irini'e'-7~`aye --Hubbard - --- ---------------------- [REAL] ------------------------------------- -------------------------------------------------°--------- IsSAL] And shall duly, Prompptly, and fully perform, dischsrgo, execute, effect, complete, and comply with and abide -by each and everp the attpulations, agreements, conditions, end 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 ss follows: 1. That he will pay the indebtedness, as hereinbetore provided. Privilege is reserved to Prepay at anyy time, without premium or fee, the entire indebtedness or any pert thereof not lees than the amount of one mataAment, or one hundred dollars (=100.00), whichever is lase. Any prepayment made on other than an installment due date will not be credited until the nest 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 secure hereby, o_n a installment due date day of each month until the said note to fully paid, will pay to the Mortgagee the following sums: (a) A sum equal to the ground rents, if an , nezt~ due, plus the premiums that will Wert become due end payable on policies of fire and other hatanl insurance covermg the mo aged property, plus taxes and aeseesments next due on the mortgaged property (all as eatimated~yy the 1~'Iortgag'ee u-d of which the Mortgagor is notified) lees all bums already paid therefor divided b1 the number of months to elapse before one month prior to the date when such ground rents, premiums, taxes, and assess' mente will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, premiums, tares, and special aeseaeisnents. (b) The a~r~ate of the amounts payable pursuant to subparagraph (a) and those payable on the note secured hereby, shall be paid in a single payment each month, to bbee applied to tLe following items in the order stated: - (I) ground rents, taxes, aseeeements, fire, and other hisud insurance premiums; (II) interest on the note secured hereby; and (III) amortisation of the principal of said note. t shall unless made good by the Mortgagor = Any deficiency in the amount of such aggregate monthly paymen rior to the due date of the Wert such pa~mant constitute an event of default under this mortgage. At p mortgagee's o tion, Mortgagor will pay • '4te c~arge" not ezoeeding foot' per centum (4%) of say matall- m nt when paPd more than fifteen (15) days after the due date thereof to Dover the erin ezpense involved is handling dehnq~ent p~ymenta, but such "Lie charge" shall not be payable out of the proceeds of any Bale made to satisfy the indebtedness secured hereby, uniem ~- P~da are sufficient to discharge the entire indebtedness and all proper costs and espenes secured hersb7.