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~}~ 59 iAU676
To H.~n: AND TO HOLD tht' same, tOKf"thf'r with alllUld singular the Wnllmf'nts, hf'reditam(,llts l\nrll\pour-
It'lIl\lIt'f'~ thl'rNmto hf'lon~ing or in l\I\ywilW'\ a\plwrtl\ining, and llll' rt've~ion I\nd re\'eOlions, relll6ilHIl'r or fl'-
111 I\in d 1'01 , I\nd also "II the l'8tatt', right, title, mtef{~t, homl'slNHt, dower I\nd righl of dowl'r, Iwparatl' l'state,
PO&WS."iOIl, t'll\im and dl'mlUld whatS()(\vt'r, as Wf'lI in law a'! in equity, of the BRitl Morlgahor ill I\ntlto tilt. Sl\lIl1',
and l'Yl'rY I'art lhefl'Of, with tho appllrtt'nant'I'8 of tho 8&id Mortgl\KOr in I\ml to tho same, I\nll eVl'ry pllrtalltl
parcl'ltlll'rt'of unto the said Mortgagt'l' in fee simplo.
Th(' ~tortgtq.,'(Jr ht'roby co'/l'nant8 with till' MortR~t'I" llll\t ho is indl'fl'asihlv st'irod of said land in fel'
simple or such otlH'r t'8tatc. if any, as is stat~-IIIH'win; that he hl\.'l full power Ilnd lliwtlll right to I'onny t\lt'sl\me
1\.." afofl'Baid; thl\tthe land is frt'c from all t'nrumbrllnl't'8 exrl'pt u hprein othorwist' rt'l'ited; tlJllt sl\id Mort~l\gor
will makt' sUl.h furthf'r a...~suranct's to prOVI\ the afort'8sid title to said llU\d in sl\itl Mort~I\"P{'e t\..'l may he rt'i\..'lon-
I\bly rf'quirNl, and that SAid Mortgagor docs ht'rt'by f'llIy warrlUlt the tillt' to sai:llluHI, I\ntll'Vl'ry part tht'f('of.
!J\d willlldf'nd tilt' Slunf' I\gainllt tht' lawful clRims of all pt'OIOnR whom8OCvt'r.
PROVID.:O AI,WA\'B that if the ~tortgl\gllr shRII pay unto thl' Mortj{agt't' thl\t cl'rtain promis.';ory lIott', of
whil'h the following ill a suhstantial copy, to wit: .
S 8,600.00
Fort Pierce
April 1,1963
, Florida.
FOR VALlI.: Ih:n:lv.:D, thf' undrOligncd promiRC(s) to ;'ay to the order of J. S. GLEASON, JR. j
,1\8 Administrator of Vt'tNI\I1S' AflaiOl, I\n Offict'r of thl'
United Statl's of AUIt'ricR, and his 8UI't'.'tl!I(l0I in lIuch offi('t', I\!I such, lintl hill or tlwir t\..'l..'liKJlIl, tl\(\ principal Rum of
-------Eiqht Thousand Six Hundred and NO/I00-----QollaOl ($ 8,600.00 ),
with intt'rt'st from (late at the rate of five & one-fourth JX'r c('ntum ( 5~ %) pt'r annum 011 IIIl'
unpaid balance until paid. The sllid principall\nd intcrt't\t IIhall he payable Rt tht' offi('t' of tl\(\ LOl\n Guaranty
Officer, Vf'tt'rRns Administration Rt'gio!lal Offict', in St. Petersburg t liar ida , or at 8U('''
other plac(l 1\8 the holdt'r may deaignaw in writing delivered or mRjJ('\d to the dt'htot-'. in monthly installmt'nt!! of
-------Fifty-One and 54/l00----------------------.Dollars ($ 51.54 ),
commencing on the 1 at day of May . 19 63, I\I1d ('.()ntinmng on tht'
1 s t day of oach month therl'after until this note is fully paid, except thl\t, if not t1oont'r
paid, the finRI paymt'nt of principRI Rnrl intcrt'st shall be dup and payable on the 1 st. day of
April . ,1988.
Pnvilf'ge is r('scrved to prepl\Y at I\ny time, without premium or fee, the entire indt'htednt'!'l.'l or I\ny part
thert'of not It'ss than th!' Rmount of one installmt'nt, or on!' hundr('(l do1\Rrs ($100,00), whil'h('\'('f ill I.,s..'l. Any
prepayml'nt ml\de on other thRn lin installmt'nt. due dnu~ will not hI' crt'ditt'd until tht' next followin~ insltlllmlmt
due datI'.
IC any deficif'ncy in tIlt' pl\ynwnt of Rny installmt'nt uodt'r thiR note is not madt' go(){1 prior to tIll' dlW date
of the nt'xt su('h installment, the entire principal sum I\I1d aCl'nlt'd int{'ft'st sha1\ at onee become due Rnll pay-
ablt- without notice at the option of the ho1tlt'r of this note. Failure to eXt'reise this option shall not c.()nstitute
a waivf'r of the right to ('x('rcise the Bame in th(' event of any subscquf'nt dl'fault. In the eVt'nt of default in tht'
payment of this note, Rnd if the samp is collected by I\I1 attorney at law, tho und~rsiR11oo lwrt'hy R.Kft'I'(!!) to
pay all ('osts of collt'ction. including a reasonable attorney's ft'e.
This note iB given for purehase money of real (;:State and is secured by mortgage to secure dt'ht of even
date herewith, givt'n and delivered by the undersigned to payre on eertain relll property described thf':ein.
Prest'ntnlt'nt. prott'st, Rnd notic(' arc hf'mby waivt'd.
.iRl...~-<l~M. ;1;... m~;.I;..$.mL......... . [suLI
Malcolm I. Nelson
is!.. .l1A.RYJANE.NELSO.N . .... [!H;.u)
Mary Jane Nelson
. !IH:AL)
............................. . [II.:AL)
And !lhall duly, prom\>tly, and fully p!'rform, disrhargp, eXf'cute, l'fft'cl, complrt(', anti I'omply with and
abidl' by each and l'\,pry t It' stiplllalion~, Rgr(,l'ml'lIts, I'olltlilions, anti I'OVenant8 of said rromis..'lorr not{' and
of this mortgagt', then this mortgage and tIll' f'state llt'r!'by creatoo shall cease and tx, nul and void,
The Mortgagor further coVt'nant8 1\8 follows:
1. That 1.le will pay the ind~bt~dnt'S8, 1\8 hereinbefore provided. Privilego iB reserv('(lto propey at any time,
without premIUm or f('{I" the entire IIldebwdness or any part thereof not less than the amount of one instKflmrnt
or ont' hundred dollars ($100.00), whichever iB less, Any prepayment made on other than I\Il installnlt'nt
dur da~e will not be credited until the next following installment due daw.
2. In ord('r more fully to protect the security of this mortgage the Mortgagor, togother with, and in addi-
tion to, the monthly paymenta undf'r the terms of tho notc secured hrreby, on the installment dut' date day of
each month until the said note is fully paid, will pay \Q the Morlgagee the following BUms:
(a) A sum f'qual t..;! thr ground rents, if any, next due. plus the premiums that will next become due and
. payable on policit's of fire and other hazard insuranc.(' c.()y('ring the mortgaged propt'rty, plus taxes
and assessments next due on the mortgaged prop('rty (all as ('slimat~d by the Mortgagt'e and of
which the Mortgagor is notified) less all sums already paid thl'rt'for dividrd by the number of month!!
to el!l~ before one ~onth prior t.o the dat~ when 8uch ground renta, premiUms, taxt's, and t\..'l..'iN;,g-
m('n~ will become dehnqu~nt, such lIUIru1 to be held by Morlgagee in trust to pay said woun,! rents,
pr('mlUm8, taxes, and s~C1al &8<le8Slllent3.
(b) The aggrt'gate of the amou~ta .paya?le pursuant to Bubparagraph (a) &nd those payable on the note
secured hereby, shall be paId III a Single payment each month, to be applied to the following items
in the order stat~d:
(1) ground rents, taxes, a83CS8menta, fire, and other hazard illBur&ncc premiums;
(II) interrat on the note secured hereby; and
(III) amortization of the principeJ of said note,
Any deficiency in the amount of Bueh a.ggreg&t~ monthly payment shall, unless made good by the Mortgagor
prior to tllP due, date of the nex~ Much payment, constitute an eV,ent of default under this mortg~e. At
Mortgagee's optIOn, Mor~agor wtll pay a "late charge" not exooedmg four p~r centum (<i%) of lI.:1Y lIl!ttal\-
ffil'lnt when paid more than fift"l'n (1.')) daYB after the due claw thereof t.o cover tho t'xtra expen8C involved
in handling ~elinque~t paymf'nta, hut such "late charge" sh411 not be payable out. of the p:oceeds of any s~le
made to satisfy the mltebt~d(1)S8 secured hereby, unless such prOceeds are suffiCIent to discharge the entlrt'
indebtednesL and all ,Hoper COSl8 and expen.sea secured hereby.
3, If th!' total of the paymelltB made by tbe Mortgagor under (a) of paragraph 2 precrding shall e~cepd the.
amou.nt of payment~ actual!y nll~,le by the Mortgagee, ~or ground renls, taxI'S and fiSSP'lSlnellts, and inSUrp.IICR
premIUms, u t~e case mllY ac, llueb eXC6gg shall De ~rediJ..cd on subscql!ent payments 10 be made by the Mort-
gagor for Buch Items or, at Mortpagoo's option, sha.lI oe~funded. t.o Mortgagor. If, however, such mont hly
payments shall not be sufficient to pa.y such items when the same shall become due alld payable, thell tlll'
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