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HomeMy WebLinkAbout2512_ -------- --- . ~...-~.~.-~.--381 - ~-_____~ _ __ - - ST LU IE CO tN F ' To Hsvs •><a ro HOLD the rams, together with all and sit~rgalas-~Gt.p~~,,~editaments and appue~ tenanoes thereunto bebaging or in anywre appertatnu~g, e~ the rsveesion raver~wne, remainder or rs- - mainders, and• also all the estate, right, title, interest, homestead, dower and tot do~wwc, aeparat~e estate, possession, claim and demand whatsoever, w wen is bw N in equity, of Hwe saidottgagor is and b fire same and every part thereof, with the appurt~nsnoes of the said Mortgagor in sad b the cams, and s~eq part and parcel thereof unto the said Mortgagee in fee simple. The Mortgagor hereby covenants with the M , tayrt hs is indefeasibly seised of said hand in fee simple os such other astatet it any as is stated heron;that-Le has toll power and lawfiul r~ mat said Mortsa~or as doresaid; that the land x free ~oro all eneumbranoes e~toept as bsrern otherwise reci , will make such further aasuranoes to prove the aforet~aid title to acrd land in said Mortgages r may bs reason- abl rreeqquired, and that said Mortgagor does hereby fully warraat the title to said land, and every part thereof, an~will defend the same against the lawful claims of aII persons whomsoever. - Paovtasn ALwAVa that if the Mortgagor shall pay unto the Mortgagee that certain promissory not4, of which the following is a substantial Dopy, to wit: = 7,500.00. Fort Pierce ,Florida. January 26 ,1962 . Q sit fire undersigned promise (s) b pay t~o the order of J • g • Gi~A3~~,M Jtt vim, , ss Administrator of Veterans' Affairs, an 015cer of the United States of~, and hiss oceesors in such offi , as su d hie or their assigns, the p~'ncipal sum of 31;VBTi THOUSAND FZ~~ IiUNDRBD an`~ no~t~' a - - -Dollars (i 7, ~u0~ on the with interest from date at the rate of Pive do one-fourth per centum (- St; %) per unpaid balance until paid. The said princapal and interest shall be payable at the office o~the Loan Quarantyy Officer, Veterans Administration Regional O ce, in St. >'stnr burg t1osi , or st snch oU-er place as the holder may designate in writing delivered or ma~ed to the debbr~olla~ts ~_ ~ tallmenta ;t ~ .~ ~y~Fou~6~i~d 95~100&a ~ ~ -FabruaY`y 19 6~ , and oontanuuig on the ~~~ day of each month thereafter until this note is fully paid, eace~~ that, it not sooner paid, the final payment of pngci~al and interest shell be due and payable on the th day of January 9ttSS privilege is reserved to prepay at 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 less. Any prepayment made on other than an installment due date will not be credited until the next following installment due date. It any deficiency in the pa ant of any installment under this note is cot made good prior to the due date of the next.auch installment, the entire principal cum and acixued interest shall at once become due and ~ay- able without notice st the option of the holder of this note. Failure to exercise this opption shall not constitute a waiver of the right to exercise 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 hereby 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. presentment, protest, and notice are hereby waived. ~s~_ RAYM_ OND_ L. AROW~'1------------------ [aEAL] --- - --- ftaymorid L.r Brown ~s1_-MILDRED_M,___r3_R04J!~i _ ______________ ~aF.AL] Mildred M. Brown ------------------ IBEAL] ---------------------------------------- •----------------------------------------------------------- IBEAL] And shall duly, Prompptly, and fully perform, discharge, execute, effect, complete, and comply with and abide by each and every the~stipulationa, agreements, conditions, and covenants of acid promissory note and of this mortgage, then this mortgage and the estate hereby cxeated shall cease and be null and void. The Mortgagor further covenants as follows: 1. That he will pay the indebtedness, ss hereinbefore provided. Privilege is reserved to Prepay at any time, without premium or fee, the entire indebtedness or any part thereof not lees then the amount of one installment, or one hundred dollars (1100.00), whichever is lase. Any prepayinant made on other than an installment due date will not be credited until the nezt following installment due date. r ther with and in addi- 2. In order more fully to protect the security of this mortg~ h reb o onsthe~i~tsllment due date day of lion to, the monthly payments under the terms of the note sec y. each month until the and note is fully paid, will pay to the Mortgagee the following soma: (s) A cum equal to the ground rents, if anp, next due, plus the p~ uma that ~ p t becomelusu fazes payable on policies of fire and other szard insurance cove -the mortg ~~rt ~ p ~d of and aeaeasmenta neat due on the mortgaged property (all ae estimated byy the ortgagee which the Mortgagor is notified) leas all auras already paid therefor divided b7 the number of months to elapse before one month prior to the date q~hen such ground rents, premiums, fazes, and sasses' menu will become delinquent, ouch sums to be-hheld by Mortgagee in trust to pay acid ground rents, premiums, fazes, and special aseeesmenp P h f.l ~d those payable on the note (b) The aggregate of the smounta payable ursuant to sub aragrap secured hereby, shall be paid in a angle payment each month, to applied to the following items in the order stated: (I) ground rents, fazes, aseesamenta, fire, and other hasard insurance premiums; (II) interest on the note secured hereby; and (III) amortization of the principal of said note. Any deficiency in the amount of ouch aggregate monthly payment shall unless made good by the MortgagAo~ rior W the due date of the next such payment constitute an event o~ default under Chia mortgage. pp ~~ ~~ "not exceeding four per centum (4%) of any install- Mortgagee soption, Mortgagor will pay a late c~-srge involved went when paid more than fifteen (15) days titer the due date thereof ble out off the rock of any sale in handling deLnquent payments, but such "late charge" shall not be pay P, made to satisfy the indebtedness secured hereby, sea ouch proceeds are sufficient to d~schssge the entire indebtedness and all pmper costa and expenses secured hereby' - ,.