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HomeMy WebLinkAbout0974g ;Pr: ~~ FACE ~J ~~ 'hu IIAVF: AhID TO IIOLD the 9alTlP, tot~ethcr Kith all Rnd singular th© tenCllleritR, heredltAfllenta Rnd appur- tE=nances then(•E.nto belongsng or in anywlxe a~lx=rtaining, Rnd the reversion Rud revel-siors, remainder ur re- mainder~, god Rl9o all thu rstr-te, right, title, nttereat, 1-omestE:ad, drover Rnd ri ~ht of doKE•r, se~-r+rRte estate, poa~esaion, claim Rnd demand w h: teE~over, as well in law air in equity, of tlu+ aalll ~IOCtgagor 1^ Rlll to tht: SNIIIE•, and every part thereof, Kith t.)e appurt nanc•es of -ae said Murt~agur in and to the. same, Rnd every part and parcel thereof unto the said lforlgagee in fee simpk~. The \IortgRgor hereby covenants with the \IurtgagE•e, that he is indcfeasihly sE•ized of said land in fee simple or such other eslste, tf any, as ra atRtl'<l hPPelll; tl-Rt he hrls full lx)wer Rnd lalv~ul right to catvcv the same Rs aforesaid; that the land is free from Rll encumbrances except Rs Iterate other+vise recited; that said •\lortgagor Kill mRl•:e such ttvther assueances to pn»•e the aforesaid title to said land in said Mortgagee its may 1>(' 1•PN30Il- ably rcq~ired, and that. said Aortgagor dues hcrcby fully warrant the. titlr to ~~+ikl haul, ~uul every part thereof, ant] Kill defend the same= against the laµ•ful cleans Of R]'l p~lsons Khomsoover. YKOYID}:U ALwAI'B that if Ehe \lortgagor sludl pay unto the Mortgagee that certain prumis.ur~• Wolf=, of which the following is a substantial copy, to wit: $ 13,000.00 ~ Fort Fie~•ce , Nlorida. ~1c~verrber 20 19 ~2. For; V.+t.ur: Rt:ctavt:n, the undersigned prnmise(3) to pay to the order of .T, S . '~Lr~ASON, J3. , as Administrator of V(`tcrana' Affairs, Rn Officer of the Iinited States of America and his succe gars in such office, a-4 9,1Ch, and his or their assigns, the principal sum o! T'{I~Ti?F^l TEi0T1SAi`{D acrd no~100' s- - - - - - - - - - -Dollars (S 13, 000.0~~ ), with interest. from date. at the raft. of five ~` pee-f ou"}h per E•enhun (5 ` %) per annum on the unpaid balance until paid. The said princlpal sect interE=s shn~l bE= payably= at th = o(itk•c= of the Loan Guar•~-nty Officer, Veterans Adnnnistration Regional Office, in St. ~etersburg~ ~],oric~a , or Rt suc•]r othc•r~laco a.9 the balder rosy des}gnale in lvriting delivered ur mailed to ti)e debtor, in monthly instrlllnu~nts of Si':'r';TY-SE~IET•? and~91/1C~0's- - - - - - - - - - - - -Dollars ($ "17.91 ), conu)iencinR on the 20t''1 day of DeCettlnsr 19 E~?, and continuing on the. 20th day of each month thereafter until this note is fully paid, except that, if not stoner paid, the final payment of principal an(1 intrrest shall be clue and payable on the 20t,1 day of T'ovember , 19g? . Privilege is reserved to prepay at any time, without premium or fee, the entire indebtcdnE=s_s or any part thereof not less than the amoupt of one installment, or one hundred dollars ($100.0U), lvhichever is l.•ss. :any prepayment made on other tl-an nn instrllnu•nt due date. will not be credited until the nE=xt following instrlllnu:nt due Elate. If any deficiency in the payment of any instalhnent under this note is not made good prior to the d.-o date= of the next. such installment, the entire principal allm and accrued interest shall at OII(•C become clue and pay- able without. noticE= at the option of the holder of this note. Failurr to exercise this oP~ion shall not constitute a waiver of the sight. to exerc•ISC the same in the E=vent of any subsectuE•nt default.- In tlic event of default in the payment of this note, and if the same is collected by an attorney Rt law, ti-c undersigned hereby agree(s) to pay all costs of collection, including a rc-asonable attornry's fee. This note is given for purchase. money of real estate Rnd is secured 1>y mortgage to sec•uro debt of even date here~ti-ith, given and delivered by the undersigned to payee on certain real property described therein. Prnsentment, protest, Rnd notice are hernby µ•Rived. Jo:,n ~ . S truc'ti:r ~.- ~9e3.~`'d~'f. S'I'RUC:{>;lZ - ---- - - ls):.~r.] ~oanrle t Str~tc%:er -- --- ---- - --- - ---- - - - ~sr:El,] And shall duly, prom )fly, and fully perforce, diseitart~e, execute, eticc•t, complete, and comply with and abide by each Rnd every t~u' stipulatik)ns, agreenu•nts, conditions, and covenants of said oromissurv note and of this mortgage, then this mortgage anti the :state hereby created shall cease and be null and vote]. The Mortgagor further covenants as follows: 1. That he Kill pay the. indebtedness, Rs hercinbef~rc provided. Privilege. is rescrvrd to prepay at any time, without premiutn or fee, the entire indebtedness or any part thereof not Tess than the amount of one instalhnent, or one 1-undn•d dollars ($100.00), whichever. is less. Any prepaynu•nt made on other than an instH!hnc•nt due date will not be. c•rediled until the next following installment clue date. 2. In order mare fully to protect the see•urity of this mortgage, the Mortgagor, together with, and in Rddi- tion tu, the Iaonthly pa}•ments under the terms of the note secure=d hereby, on the installment Eiue date day of each nwnti- until t}le said note is fully paid, will pay to the Jlortgagee t)ic folloKing sums: (a) A 3Ui)1 eEIURl t0 the gjl'Olln(l rentF, if any, next due, plus the pren;gums that Kill next become. due and payable on policies of fire and other f-azard insurance. covering the mortgaged propps rty, plus taxes and Rssessments nrxt. due on the mortgaged ,property (all as estimated by the \lorfgngee and of wllle}I the ~lnrtgagOr la notified) 1('59 81I sums alr(=a(ly pal(i thPCCfOr dl~'1dCd by the nriiT)1)('r l)f nl()IlthS t0 elapSC bPPOPe OI)e lnOltt}1 prll)r t0 the (iRt~ wI1Cn such g,round rents, premiums, taxes, RTl(l f1SSeSS- ments Kill become delinquent, such sums io be held by \lortgRgee in trust to pay said ground rents, premiums, taxes, and special assessments. (h) 'fhe aggregate of the amounts payable pursuant to subparagraph (a) and those payable. on the note scoured hereby, shall be paid in a single payment each month, to be applied to the following items in the order stated: (I) ground rents, taxes, assessments, fire, and other hasard insurance 1)remiunls; (II) •inter~sL on the note secured hereby; and (III) amortization of the principal of said note. Any deficiency in the nmount of such aggmrate monthly payment. shall, unless made good by the Mortgagor prier to the clue ~latE3 of the next such payment, constitute an event of default under this mortgage. At :~fartga ee's option, tortgagor Kill pay a "late charge" not exceeding four per centum (-t%) of any install- rnert when Maid more titan fifh•cn (15) days after the due date thereof to cover the extra expense involved in handling Jelin~~.{{uent payments, but such "late charga" shall not be payable out of lire proceeds of any salt matte to satisfy tl-e indebtedness secured hereby, unless such proceeds are sufficient to discharge the entire indebtedness and all proper costs and expenses secured hereby-. 3. If tlu~ total of the payments made by the Mortgagor under (a) of paragraph 2 preceding silrlll exceed the amount of payments actual]y made fry the Aiortgagce, for ground rciits, taxes sect assessmc-its, sect insurance premiums, as the case ntay be, such excess shall be credited ur, subset{vent payments to be made by the ~fort- gagor for sucl- items or, at Mortgagee's option, shall be refunded to Vfortgagor. If, lrowevar, such ntonthl}• pilyrncnts shell not he sufficient to pr:y such items when the same shall become due sect payable, then the