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HomeMy WebLinkAbout1562t: r ~~. `~~c~~3 S ~~ U'. E '1'.• Il.~t t:.~~o •rrr t[or.n thc• sxnte, together ttith all Rnd ain~;uh(r the tenemonts, hcreditamcnts xnd xppur- tcnnncc, Ihcrcunto belonging or in nnytt'{c~ nI)(tr~r tl~T XvcF tll~u rcvct~iun and rctw~ions, remainder or re- utr(indct~, tend nlsrr all the estate, right, lTtl(+,'ltiti'rr_at, hutur•~lrrtd, rlo~~'c•r ruui ri•~ht of rln~+•rr, ~t•pxrxtc• c~lrtti, pi~sr•:,iun. claim and demnrd whnts(x•ter, rs well in lav; as in ecluity, of the said ~lortg;+got• in Rnd to th(• sxnu', xnd ctcrt pru•t thereat, ttith the nppurtenanrrs of the said Mortgagor in and to the st-n;e, xnd :'trey I,nrl xn(1 t)nrcrl tLcreof unto the said ~forlgagce in fee simple. 'hhc \iortgagor hereby cotenyr.ts with the Murlgngcr, that he iv indrfeRSihlt s(~izc•d of said land in fee simple ter such other estate, if Rny, xs is stated herein; that he bus fall power and lateral right to cchn•ct the snnte as aforesaid; that the land is fn'e fnnn all encutnbrancrs except as herein otherwise recited; that said ..\lcrrtgngur trill make such further assurances to prate the aforesaid title to said land in said \lortgr-gee ns nlay hc• rcns;rn- nblt n•( aired, and that said \turlgxgur does beech}• fullt• ttnrrnnt thc• title to said haul, and elegy part thereof, Rn(] ttil~ defend the sxnu' agrlinsl the Intt•f ul clxinls of n]1 pw~ons whomsoever. 1'turttnt:n At.tt•.tts that if the \lortgagor shall pay unto the \lortgagr•r• tl-at certain 1>rotnissory notcTof tthich the follotting is a substantial copy, to ~t•it: ~ '?,6l)O.UO r'ort Pierce ,,Florida. Di3ce^;:;er Il, , 1962 . Foa \'nt.t•}: ~tt:cratt:n, the un;lcr`tgncd pnrmisc•(s) to pav to the order of ~T. S. ^I ^aSQ'?, ~:Z. , as A(]ministrxtor of \'eternns' A(inits, rut Oflirer of the l•nitcd titntcs a nu'rirR. Rnd his succcssor~; in such ~fliee, Rr: such, rand his or their assigns, the principal soot of •: I" -_"r:OtTSA'I''i S I;1 !fU'T:)~E:D tt^- ~c~ 1'`0 r s- - - - - - I)ollnrs (?+ a ~ F~UO . JO ), ttith interest from date at the rate of ;'ive ~ one-I'or~rth per ccnlum ( 5>K °Jo) per annum on the unt)aicl halRnce until paid. The said principal xnd interest shall be payable at the office of the LORII Guarnntt O(beer, Veterans Administration Regional Oliic(•, in St. Patarsbtirg, Florida , or xt su(•]1 other )lace xs~th`rholder n~~ ~l~sy~)~rt(• in wl•iting d('live'r(•d or mnil('d ttl th(' (i(•htor, in monthly IflSttillll)('lltti Uf I%~)t'•_-S~: E , r1'.~e / ~P) s- - - - - - - - - - - - - - Dolh(r~ (g 57.53 ), c•omnu•ncing un the ]; th day of Janutar,y 19 ~3, and continuing on the ~ t,,, dal of each month thereafter until this note' is fully paid, except that, if not. sooner paid, 4te I1RRI payn)('nt of j>rin(•ipRl and interest shall be due and payable on the ], th - day of '~~ ~° rh,_ r 19 A 7 Pritilege is resorted !.) prepay Rt Hlly time, tyithout premium or fee, the entire indebtednc~sti or any part thereof not less than the Rnwunt of one instRllnu•nt, or one Inuuh•ed dollat~ (:100.00), tthirheter is lc,.,. Any prcpxynu'nt mad(' on other tI1R11 Hil InSlBIlnlCllt due' (lute ~t•ill not h• crcditecl until the next following installment flu(' date. If any deficiency in the 1)t(yment of any instnlltticnt under this not(' is nut mad(' good prior to the dug date of the next su(•I1 instxllnu'nt, the entire principal sofa and Rcrrued interest shawl xt Unee heconu' due. and pay- xhle tt•ithout notice at the option of the holder of this note. Failure to exercise this oj)~ion shall not. constitute n ttxiter of the right to exercise the sanu• in the event Of Rlly SUb3e(Iltent default. In flu' eteltt of default in the payment of this not(', Rnd if the sane' is collecte(i by an attorney Rt loft, the undersigned hereby agree(s) to pay all costs of collection, including R rexsounble attorney's fee. 'I'bis note is giten for ttntrchase money of real estate and is secured by mortgage to secure debt of even date beret;-ith, giten and (lelitered by the lu)drnigned to payee on certain real property described therein. Presentment, protest, and notice Rm hernhy ttnived. ~sf ED`;IARD '~1. Pi?ICE ~`d;aard--f•~-, --~'ri-v-e----------------------------- (s}:.tt.] ---- (se.tt.] Dalene E. I•rice And shall du1v, promptly, and fully perform, discharge, execute, effect, COII1plete, and comply ttith Rnd Rbide by each Rmi elegy the stipsilations, xgrcenu•nts, conditions, and cotenants of said J)romis.,orv note xnd of this nurrtgngc, then this uu,rtgage Rnd the estate hereby created shall cease and be null and voic(. The ~fortgxgor further covenants as follotts: 1. That hr' will I)Ry the indebtedness, as herninbefore prodded. Privilege is reserved to prepay= at Rnv time, without premium or fee, the entire indebtc(incss or Ray part thereof not less than the amount of one instd~lment, or one 1-undre(1 dollars ($100.00), whicl-et•er is less. Any prel)Rynunt made on other than an installment due date will not be credited until the next following installment due date. • ?. In or(ler more. fully to proteci the security of this mortgage, the Mortgagor, together with, an(1 in addi- tion to, the monthly payments tmd(•r the terms of the note' secured hereby, on the installment due date day of each month until the said note is fully paid, tt•ili pay to the JfortgRgee the following sutras: (R) A sum equal to the ground rents, i[ Rnv, ncr-t due, plus the premiums that trill next become due and payRhle on policir-s of fire Rnd other hazard insurance cot•ering the mortgaged property, plus taxes 8nd Rssessnlents next. dlle On the nlortgag('d 'kk)rOp('rl1' (all AS estltllate<l by the \foCtgRgce Rn(1 Of which the ;1lortgRgor is notified) less all sums already peid therefor (lidded by the number of months to elapse before one month prior to th(• Gate tthcn such gground rents, premiums, taxes, and Rssess- nlents will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, premiums, taxes, Rncl special assessments. (h) The aggregate of the Rmounts nxyable pUI'sURRt t0 Sl1bpRCRgCRpl1 (a) and those payable on the note sccurcci hereby, shall be paid in R RIngIC payment each month, to be applied to the follott•ing items in the order stated: (I) groun(i rents, taxes, assesstnents, fire, and other hazard insurance premiums; (II) interest on the note secured hereby; Rnd (III) amortization of the principal cf said note. Any deficiency in the Rmount of such Aggregate monthly payment shall, unless made good by the Mortgagor prior to the due date of the next such payment, constitute an event of default under this mortgage. At :~fortgaf;ee's option, ?Mortgagor will pay e "late charge" not exceeding four per centtrm (4r~o) of any install- ment when pRtd more than fifteen (15) day's after the due date thereof to cover tho extra expense intolycd in handling delinquent payments, but such "late charg©" shall not be ppayablo out of rho proceeds of any sale made to satisfy the indebtedness secured hereby, unless such proceeds ara sufficient to discharge the entire indebtedness and all proper costs and exponses secured hereby. 3. If the total of the pnvments made by the Mortgagor under (R} of paragraph 2 preceding shall a-reed the Rmount of payments actually made by the Mortgagee, for ground rents, taxes and nssessmet:ts, and insurana~ premiums, as the caso may bc, such excess shall be credited on subsequent payments to be mndc by the A1ort•• gagor for such items or, at Mortgagee's option,-shall be refunded to `'sort agog. If, however, such monthly payments shr.ll not be sufficient to pay such items when the same shall ~ecome due an(1 payable, then the