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HomeMy WebLinkAbout0660_ g~"x 4~ tr.r,E~bl~ '1'u lI-~\•r:.+tin z•u llu'.u the sxrtte' tctgrth~r Roth all ,tind sini;ulsi the t~nr+ntcnts, hem(liixnu'nis and appnr- ~ r t••n)tncrs thi reuntu belonging ur in an~'w•-s~ ~~.(iM1bnL--~~aul1, t~ti'.~•.'ve-•siou xnd 1'i'\'Pr~JlOIt9, remainder ur re- mainden, and also all the estate, right, title, -nterest, lunnestcad, dower xnd ri~~,,ht ut dnti-'er, se ~xrate estate, lK,s.,~•.~i~~n, clain- and demand w-hatsaever, as well in law xs in equity, of the said `turtgagor in ane~ to the same, xnd every part thereof, with the appurtenances of the said ~tortgaror in xnd to the FaAInO, and every part xnd parcel tbereuf unto the said Mortt;at;re• in fee sintpl(+. The Mortgagor hereby covenants -vith the Mortgagee, that he is iudcteae-I)1\• ffell.Cd of saiel land in fee simple or such other estate, if any, as is stated herein; tl-at he has [u!l power xnd ia~ctul right to convey the Santa as aforesaid; ti-xt the land is free from all encumbrances except as herern otherwise reciicd; that saidllortt;agor ~~•ill make such further as9urancrs to prove. the aforesaid title to said land in said Mortgagee sg may be rettson- ably rec aired, and that sai(1 Mortgagor duet hereby fatly warrant the title to said l+utd, and every part. thereof, and wil~ defend the same against the lawful claims of all persons whomsoever. !'rtuvruf:n At.w•AVa that. if the ~fortgagur shall pay unto the itlortgat,ce that certain promissory notr, of which the follot~•ing is a substantial copy, to wit: Florida. $ 9 `'00.00 - Fort Pierce ' ' November 14, ~ 141 02• Fox ~'.+Lt=}: Kr:c}:rv};n, the' undersigned promise(s) to pay to the order of J. S . _ - GL~ASON, JR•. , aq Administrator of Veterans' AfTairs, an OlTicer of the I'nited States of Arneru•a, and his successors In aU('h Olfi e, as snob, and his or their assilms, thogrincipal solo of `lI'~?E T:intlgp*'D SE'VE`T ?;ZJ'~RID & no~100' s- - - - - -Dollars (g . , 7017.00 ), t-•ith interest from date at the. rate offiv© & ohs-fourth per centum ( 5~ °Jo) per annum on the +-n aid balance until j: aid. 'The said principal and intemst shall be pavable at the ofRcc of the Loan Guaranty O(li-cer, Veterans Ad-nmistration Regional Office, in St. Petersburg, Florida , or at such other pplace as the }-older may d ate in w•ritin delivered or mailed to the debtor in monthly installments of r i fly-eight and 100 r s- - - - = - - - -' - - - - ~ollars (S 58.13 ), commencing on the 1~~~- day of December 19 62 , and continuing on the 1(l th day of each month thereafter until this nuts is fully paid, except that, it not sooner paid, the final payment of principal and interest shall be dire and payable on the 1!~ th day of ~~overtber , t9 87• Privile e, is reserved to prepay at any time, without premium or fee, the entire indebtedness or any part thereof not less than the amount. of one installment, or one hundred dollars (8100.00), \\•hichever is less. Any prepayment made on other than an installment due date will not be credited until the next follo\ing installment due date. If any deficiency in the payment of any installment t:ndelr this note is not made good prior to the due date of the next such installment, t(te entire principal sum and accrued int('reat shall at once become due and pay- able «•ithout notice at t:+e option of the holder of this note. Failure to exercise this option shall not constitute a ~+'aiver of the right to exercrse 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 costs of collection, including a reasonable attorney's fee. This note is given for ppurchase money of real estate and is secured by mortgage to secure debt of even date herr•.yith, given and deli\•ered by the undersigned to payee on certain real property described therein. Presentment, protest, and notice are hemby waived. -- a -- - WIIiLIE-~,'---COX_,__ ~?-'----------- [st:At.] i lie ~ . Cox, ~r ~s~ _JOWA'VDA CO_X ----____-~-------------- [ar:AL] Jauanda Cox ' --------- - ISFIAL] ~ ---------- ~ar'.AL] ------------------------------------------------ And shall duly, promptly, and fully perform, discharge, execute, ef?ect, complete, and comply with and abide by each and every the stipulations, agreements, condrtions, and covenants of said promiasor)• note and of this mortgage, then this mortgage and the estate hereby created shall cease and be null and void. The Mortgagor further covenant3 as follows: 1. That he will pay the indebtedness, as hereinbefore pro\rided. Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedness or any part thereof not less than th¢ amount of one rnsta]lment, or one hundred,dollara (5100.00); whichever is less. Any prepayment made on other than an installment due date will not be credited until the next following installment due date. _ ~. h g ge the ~iortg or together with and in addi- 2. In order more fAilly to protect ~ e-security of this inert a ~ , lion to, the monthly payments under the terms of the note secured hereby, on t e installment due date day of each month until the sard note is fully paid, will pay to the ?4lortgagee the following sums: (a) A sum equal to the ground rents, if any, next due, plus the premiums that will next become dt•~ and pay able on policies of fire and other hazard insurance coverntg the mortgaged propperty, phrs taxes and assessir_ents next due on the mortgaged property (aU as estimated by the 1`Idrtgagee and of F:;tich the Mortgagor is notified) less all sums already paid therefor divided by the number of months to elepae before one month prior to the date when such ggrroound rents, premrutna, taxes, and assess- ments will b~^ome delinquent, such auras to be held by I\iortgagee in trust to pay said ground rents, premiums, taxes, and special assessments. (h) The aggregate of the amounts payable pursuant to subparagrapi be and those payable on the note secured hereby, shall be paid in a single pe.yment each month, to be applied to the following items in the order stated: (I) grotard rents, taxes, ass~ssm~nte, fire, and other hazard insurance premiums; - (II) interest on the note secured hereby; and (III) amortization of the principal of said note. , Any deficiency in the amount of such aggregate rnont hly payment shall, unless made good 1~y the bortgagor prior to the due date of the next such payment, constitute an event of default under this mortgage. At ~tortga cc's oP!ion, Mortgagor will pay a "late charge" not exceeding four per centum (4°yo) of any mstali- ~•ment w•~, n pare more then fifteen (15) days after the due data thereof to cover the extra expense Involved in handling delinquent pa}ments, but Ruch "latfl char~o" at~All not be~payablo out of the proceeds of any sole made to satisfy the in(t_ebtedness secured hereby, unless such proceeds are sufficient to discharge the entire indebtedness and all proper costs and expertaea aec;ured hereby. 3. I{ the #otal of the pavmeMa made by the Mortgagor under (a) of paragraph 2 preceding shall exceed tie amount of payment3 actually made. by the Mortgages, for ground rents, ta!ces and assessments, and insurance premiwns, a.4 the case utay be, such excess shall be credrtt'd on subsequent payments to be mr;de by the btort- gagor for such items or, at Mortgag(-o's option, shall be refuelled to Mortgagor. If, however, such monthly payments shall not be suf}i=~.ient to pay such items when 61'iE ~sameshall baooma due and p>iyable, then the