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HomeMy WebLinkAbout1135~bRx ~Q ~"~`4~~ 'r.) li.+v-: non •ro IIoLD the s»rne, to~rthc•r with atl an singu » he tcnrmcnts, hcrertitamcnts »n(1 Rppur- !enanccs (hereunto bclonginK o? in anywr~ ~YE't!t~~~t ~TJ`~rNVerzion and rtvel^sions, rrn~»in(ler or n•- maindera, and nls.~ RIl the cstxtc, right, title, rnten t, h( i` ( bwer Rnd ri rht of down, sal)»rate estate, posecasivn, claim gncl demand whatROOVer, as well in law as in equity, of the s»id ~tortgRgor ir- Rn to the: sau-e, and every pkrt thereof, with the appnrtenanee$ of the saki ~tortgRgur it- and M the same, arul every part. and parcel thereof wife the said bivrtgagee in fee simple. The ;~iartgagor hereby covenant's with the ~lortgRgcc`, th»t he is indefeRSibly seized of said 1»nd in fee simple or such other estate, if any, as is stated herein; that he hRS full po-ver Hlld IRR'tlll right to com•eY the sane 89 »fnreBRlll; that. tI10 land 19 fMC from all CRCIlmbrRnl'e8 ex('ept Rs herein otl-erwise recited; that said Mort{;»gor will make such further assurances to prove the aforc$Rid lick to aszid land in said ~4ortgRgco as may be reRSOn- ably required, and that. said Ator(gRgor does hereby fully warrant the title to said land, »nd every part thon'of, »n(1 will defend the same against. the lawful claims of aIt persons whomsoever. PROVIDED ALwnYR thR6 if the ~for-g»gor si-all pay unto the ;liortgRgoe that cart»in promissory nr~te, of which the following IS a SubStRRtIRI ('Opp, tv wit: S 11~,7j0.OC 1•'ort Fiet'cc; EloridR. Fo~,rZ'ncr~.S~~Rt:cE~y':D, the undersigned prOmiso(s) to pa to the order of J. ; , . , ~tttt , R.g A(imir~istr»tor of Veterans' Afi»ir~, Rn O(Ficcr of the United States ui AmCrlca RR(i 1118 9lIC('tttiL4/,I'8 in siTch office a8 such, Rnd 1 is or thcit assigns, thu principal sum of ~ 7'l •1 felt (~T'~` ~4~ ^~/^~T •-;TT?~.r'1^r~ r~T ry..~~ '7 .•`l ( (~ r n tTE3 ~ i , ., A.. ~~:.. _ ~..D .~ ~ . 1 ,~ :~•-.,~ no 1'•"~-- ~)OUFlI'8 ($ 1:-~ ~ `- ~ ), -vith interest from date at the rate of f I yt~• '~ un(~ -fotz;'t;i per centuin ( 54 Ojo) per annum on the unpaid balance until paid. The said principal Rnd interest shall bo payal)Ie At. tI1P o(lice of the I.oRR C;ua. :-tv Officer, Veterans Administration Regional Oflice, in St. Petersburg Florida , or Rt suc~- ot1T rplaV ars*tl~o 1~olc~er~n>yay d~ai~riate in writing delivered or m»ilcd to t;)u debtor, in montl-ly instRllnu'nts of / s - ~DoltRrs ($ 81.46 ), c~limencinp~ on the ~ t%~ day (,f ?fie ec; ~~b.~ r 19 ~', and continuing on the 2 ~t.1 day of each month thcrcr~fter until this nvte is fully p»id, ex(•ept that, if not sooner paid, the final payment of principal Rnd interest shall be due and payable on the ?'; t; ~ : day of . Privilege is reserved to prepay Rt Rny time, without premium or fee, the entire indebtedness or RIl\• 1)RCt thereof not lc`ss than the amount of on(, inst»Ilntcnt, or one hundred dv1IRrR ($100.00), whi(•he`vcr is lcs3. Any prepayment made on vther than Rn installment due d»tc, will not bo credited until the next follmvinr installment due date. ~ If Rny deficiency in the pRVnu'nt Uf R:-V InsIRIImPIIt Ullder tl-is note IS not InRdC gUUll pl'lt)r tU the due date of the next such installment, t(-e entire principal sum Rnd accrued interest shall »t once become due rind 1)a}'- Rhle without notice Rt the option of the holder of this note. Failure to exercise. ti-is o )flan shall nut constitute a waiver of the rigl-t to cxerclso the same in the event of Rny subse~lucnt default. In tic event of def»ult in tl-e payment of this note, Rnd if the same is collected by an attvrncy Rt 1Rw, the undersigned hen'f)y agree(s) to pay Rll costs of collection, including R reasonable attorney's fee. This note is given for ppurchase money of real estate Rnd is secured b}• mortgage to secure debt of even date herewit}-, given and delivered by the undersi{nu'd to pa}•ee on certain real property described tl-erein. Presentment, protest, Rnd notice Rre hornby waived. .. ~. y__ 1_ ~3):.1L~ T ?. l ~ {•., ~ •'ln . ' t (` is __~__~------------------------- ~- --------~------- ~BF:AL~ And shall duly, prrnn()fly, and fully perforln, discharge, excc•utc, effect, complete, Rnd comply with Rnd abide by each Rnd every tiu' stipulations, Rgrcenu•nts, conditions, Rnd ~•:n•enants vt said romissorv note and of this mortgage, then tlus Il)OCtgagP Rn(i the estate hereby created shall cease and be null and void. The :Mortgagor further covenants as follows: 1. That he Hill pay the indebtcdnoag, RS hercinbefore provided. Privilegge is reserved to prepay at any time, without premium or fee, the entire indebtedness ar Rny part thrrcot not less than the amount of one. instafln-ent, or one 1-undred dollars ($100.00), whichever is less. Any prepayment made on other than an installment due date will not be credited until the next following installment due d»te. 2. In order more fully to protect the security of this mortgage, the `iortgagor, together with, and in addi- tion to, the monthly payments under the term8 of the note secured her(:bJ•, on the installment due elate day of cacti munch until tfie said note is fully paid, µ•ill pay to the Mortgagee the. following sums: (a) A sum equal to the ground rents, it any, next due, plus the preminms that will IICXt be(Onle 1uc and pa}•ahle on poli(•ics cf Fire and other h»zRrd insurRnc•e covering the nu)rtgRged proO(arty. plus tr;xes and assessments next due on the mortgaged pproperty (all Rs estintxted by the.1loftgRgce and c)f which the 1\4ortgagOr is notified) less all sums Rfi•cadv paid therrfor divided by the number of months to elapse before one month prior to th0 date when such rr~und rents, premiums, taxes, and Rsses_s- ments wrll become delinquent, such sums to be held 1>y 1~ortg»gcc in trust to pay said ground rents, premiurna, taxes, and special asgessn)ents. (h) The Rggre rate of the` amounts lu+y»ble pursi)Rnt tU Slll)pRCH{;Cap}l (R) And t}lOSe 1)RyRhl(' on the note secured ~erc'by, shall be paid in R sint;in paynrcnt cacl- month, to be applie.l to the follni+•ing items in the order stated: (I) ground rents, taxes, assessments, fire, and other'hazerd 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 a{,•gr('t;ate monthly pR}•ment shall, unless mnde good by the ~lortgugor ',rior to tnc due data of the Wort such payrnent, constitute an event of default undor• this mortgRKe. At :Mortgagee's option, Mortgagor will pay a "late charge" not exceeding four per centum (-t°,~o) of any install- ment w on paid more than fifte:'n (tip days after the due data thereof t0 cover the extra expense involved in handli delinquent.• ~avments but such "late cha. ro" shall not be payable out of the roc'eeds of any 9Rle made to satisfy the innebtednegg secured hereby, un~ess such proceeds are sufficient to discharge the entire indebtedness and al! proper coats and expanses st~cured hereby. 3. If the total of the paymeuts made by the Mvrtgag$or under (R) of paragraph 2 preceding shall exceed the anioun! of payments actunl~y made by the AlortgRgee, (or ground rants, taR('8 RR(I a88('98mCR18, and insurance premiums, as the case may be, such exce~i shall be credited on subsequent payments to be rnade by the \fort- gal;or for such items or, at t'ioctgagee's option, shail~ be rofuudod to `iortgagor. If, however, such -nunthly payments shxii not be sufficient to pay s~~ch items when the same shall become due and pnyablc, then the