HomeMy WebLinkAbout0305
. - -_.-~--...,-~.-_....:.-.'-_.....;'
"' I
57' J.w.303
0, R.
80~'
To HATS Al(1) TO HOLD the MOl." ~Lher wit.h all and Mngulr.r the tenemen"', ht'l\-editaments and appur-
tenl.ru.':N thereunto ~lonain~ or in. U\3~ ~perto.inint, and the Nlv~raion a~d revel'llions, remaimll'r or re-
rnainden and aleo all t1Wi eetat.f', righ", title, U1~t., nomestead, dower and rIght of t.l\lwt'r, separate eSlaW,
~o~, daim am} demand W'hatAloover, a wen in law as in equity, of thi'saiu Mortgagor iu an~ to the same,
and every part t,}lt'!reof, with the apP\!r,,!,nlUlOO'\. of the laid M.ortgsgor in and to the sarno, lU\d eVt'ry pllrt And
parool thereof unto the I&id Mortgagee m fee umple. .
Tbe Mortgagor horeb1; covenaD~ with the ~ort.gagee, that he is indeft'uibly se,ired ot said land in fee
Bimple o!' such otht1r eataLe, 11 anYl..18 .uted herein; that. he hAS full power Ilnd lawful right to convey the SRme
as afor~d; that. the lal'd is free from all enoumbrancea except as herein otherwise reciwd; that 8aid ~lortgagor
will make such further Co8Iluranet'l8 to prove the aforesaid title to 8aid.t.and jn sRid Mortgagee &8 may be rN\SOil-
ably required, and that. said Mor~ does he.~l:..)' fully warrant. the title tc. said land, and every IJi\f't thl'rcof,
and will defenu the aame against the lawful clauna of all pel"llOM whomsoever.
PROVIDBD ALWAY8 that. if the Mo~t.g&gor 8hall pay unto the Mortgal{l'e thai ('('rtain promissory Hott', of
which the following is a 8ubet.antial copy, to wit:..... .
. 9,000.00 '. . '- Fort Pierce , Florida.
. February 21 ,1963'
FOR V AJ.UJo: RJ:CJ:IVIU.', the undersigned promille(s) to pay to the order of J. S. GLEASON, JR.
, &8 Adf!linislrator of V ('tl'rI\I1S' AfTnirg, an Offi('l'r of Ihe
Unite-d Statn of Amerl~A, and his SUCCfltllO!'S in 8ur.h office, AS 8ilch, 811(1 hi8 or tl1l'ir llssiglls, tl1l' prin('ipal8llm of
-----~--Nine Thousand and NO/100-----,---------::.---- Dollllrs ($ 9, oeo. 00 \
with intert'St from date at the rate of five & one- four th per cmtllm ( ~\ %) pl'r I\nnum 011 I he
unp,ud balance until paid. The said princi}iA1 and int~r('8t shall be payable at Ihl' offiCI' o( t 11l' Loan OUllrllnt v
Officer, Veterans Administration Regional Offi('~, in It. r.C.-.burl, r1ec14. ,or al sllch
other plac.e ~ the bPlder m.y d~a~ ill writing delivered or ml\il(,l\ toJh!.'! ch'hlor, in monthly instlllln1l'nls of
-----Fifty-Tnree ana 94/ .LOO---------------..---------DoHart\ ($ ~3.?4 ),
commencing on the 21st . day of '. March...... ,In 63 , lInd contillllln~ on lhe
21s t day of ~ach month therE'afwr until this n\rl.(> is (ully Pllitl, c'xC'l'pt thai, if not SOOll1'r
. pJd, the final payment. of principal and interest 8hall be due and paYllhlc on t 11l' 218 t day o(
February ,1988 . ....
Privilt'ge is reserved to prepay at any time, without pn'millm or fN', tl1l' PilI in' inl\l'htl'tll\i'sS or IlIlY pllrt
tht'reof not less t~8Jl the amount of one in8tallnU'nt, or ont' huntlrl'cl clo\larg ($1 O()OO) , whi('IH'\'\'r is It'ss Any
prepaymt'nt made on oth(lr thl\ll an in8tallml'nt due date Wi\lllllt hI' 'Tt'd ill'tluHI il I hI' 111':\ I (ollowillg illsl 1I111lll'lil
due dau"
If any deficiency in the paymt'nt of any inst'\llment. undC'r Ihis 11011' i~ not IIllldp gOl.d prior 10 till' d.,,' dlltl'
of the next Buch installment, the entire principal sum Bnd IU'lTul'(1 inll'rC'sl "hllll tit 0111'1' bC'I'Ollll' .tUI' 11Il!! !,11."
ah1e without notice at the option of the hoider '1f this not~. Fnilurl' to p:\;'r('iSI' Ihi,; o\)tion shtlllllo!,'onstillltl'
to wl\ivt'r of the right to t'xerciS{'! th(l same in the l!\'ent of any suhsl'f(lll'llt "l'fllult. III I It' 1'\'l'llt of .t1'('llllt ill the.
p&.ymt'nt of this nott', alld if the 8ame is collt'cted by an attorn('~' 1\ t ll\w, I 11:' und('~ij...'npd IIprl'b~' /I~~Tt.P(S) io
pay alll'08t8 of collt'CtioD, mcluding a re88()nable attoml'Y's (('1'.
This not~ i8 given for purchase money of real estate and is sl'l'lIrl't1 hy 1I10rtgllgl' to Sl'1'1If1' dl'ht of ",'1'1\
date herewith, given and delivered by the undersigned to payc'l' 011 ('Ntain 1'1'1\1 prop,.rty I!.'st:ribetllhl'rl'in.
Pr('8entment, protl'sl. Imd notic(' 6re hereby waivt'd.
IK{nnmuw~RrflNl-~-+Xf- - ---
lyfanl~ifrlffp'IFr:-- --
[St:.\L]
__ I~H:\L)
t"t:.\L}
u__u___.______.__________ __ _. _[SEAL}
And shall duly, promn\ tly, anti fully pl'r(orm, dischar~I', ex('cut(', p/Tect, complel{', find cOlllply with Rnd
abidl' by each IInd t'\'l'ry t Ie stipulations, IIgn'ellll'nls, conditions, antlco\'enants o( suiu rromis..'lOrr 11Otl' al.d
o( this mortgagl', then this mortgage and the estat<1 hereby created shall c~ase aud be nul aud void,
The Mortgagor further covenants as follows:
1. Tllat ht' will pay the indl.'btednesa, as hereinbefore provided, Privilege i8 reserved to prt'pay alal\Y tim<l,
without prE'mium or (1'1', the entire indebtronC'S8 or any part thereof not iess than the amount of onp inslllftll1ent,
or one hundred dollars ($100.00), wt.ichl'ver is lC'S8,. Any prepayment made on other thlll an instllIlIl1l'nt
due uat~ will not be creditt'd lmtil the next following in8tallment clue date.
2, In order more fully to p!"otect the security of this mMtgagl', the Mortgagor, together with, nnt! in addi-
tion to, the mon~hl)' pllynlC'nts under the tl'rms of the note sNmred ht'rebv, on the instaUment due dllte dliY of
each mouth until the 8aid note is fully paid, will pay to the Mortgagee the following 8ums:
(a) A Burn ('qual to thl' ground rents, if any, next due, plus t.h~ premiums thl\t will next 1>1'('olllr dup ,1Ild
payable on policj{'8 of fire 8Jld other huard insurance coYerin~ the mortgaged property, plus taXI's
and a8Se8loments next due on the mortgagffi propt'rty (all as estimated by the Mort~lIgl'l' Ilnd of
which the Mortgagor is notified) Ie&'! allsulUs alrel\{ly paid therefor divided by the numher of momhs
to elapse before one month prior to the date when such ground rents, prt'mlums, taxI's, al1(1 lISSi'SS-
ml'nts will become delinquent., 8uch sums to be held by Mortgage(' in trust to pay sllid grollll(1 rrnts,
premiums, taxes, and 8pecial assessments.
(h) The agb'l't'gat<1 of tae amounts p..yable pursuant to subparagraph (a) and those pa)'nbll' on the note
~('Ijft'd hereby, shall he paid in a Bingle pa.yment each month, to be appliNl to tll(' (ollowing itl'ms
III the order stated:
(I) ground rents, t.axt'~, !lS8essmen18, fire, lU\d other hazard insurance premiums;
(II) irltercst pn tht1 hote secnreu hereby; Ilnd
(III) filllortization of the principal of said note.
Any defiC'iency in thd amount of 8uch aggTl'gate monthly pa.yment shall, unlp&~ mil(h~ good by I IH' ~fortg!\gor
prior to the due ciat~ of the next 8ueh payment, constitute an event of de(ault under this mortgage. At
Mortgagee's option, Mortgagor will pa.y a "late charge" not exceC(ling four pl'r centulll (4 %) o( any install-
mllnt when paid more than fiftl'en (15) da.Y8 after the due date thereof to cover the extra I'xp<'lIse involved
in handling delinquent payments, but such "late t:harge" shall not be payable out o( the proccrJs o( any salr
made to satiRfy the i:J.debtedncss secured hereby, unless such proceeds are 8ufficient to discharge the entire
indebtedness and all proper COSUl and expCIl8C8 BCCured hereLy.
3. If the total of the pa.yments made by the Mortgagor under (0.) 0.1 parngn.ph 2 pr('crdillg shnll exceed the
tl.mou,nt of paymt'nt.s &Ctually made by the Mortgagee, fOJ: grou~ rents, .t.ax('S and assP&lments, and insurance
premIUms, as t.he case may br, such excess shall be creditro on subsequent payments 10 be made hv Ihe Mo. rt-
gegor for Buch items or, at Mortgagee's option, shall be refunded to ~{orlgugor, If, however, !!uch monthlv
payment8 &l...ll ;;lIt be sufficient to pay such items when tile sam~ Rulli become d:.le nnd paynblr, thl'lI tlil'
~.,,; , ~