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HomeMy WebLinkAbout1570 . _ - - - - 1 ~ 1 To H~vs et~a ro Ho:.a the s~me. to~ether with ell aud singuiae the t~eaeaaeats~ herediLameate and appur~ tenanoes thereunto belonging or in ~qywue aPpert~?ining. snd ths rsversio~a and reveisions, remsiader or rs=: maiAdeis, ~nd ulso all tha est~to. rtght~ title, m~ec~t~ horaestead~ dower snd ri gh~~ of dovrer, sep~te estate,~ i ~_.•paeeesion~ claim und dem~nd wh~t~soaver, as well in lsiv eu in equity, ot the suid Mort~sgoc in and to t~e same • 1 and every p~ thereof~ v?itL the appurt~nunoes oi the eaid Mortg~gor in aad to the sarae, nnd avery psrt nn~ _ parcel dier~of unto the said Mortgagee in tee simple. ~ The Mortgegor hereby ooveaanta with tbe Mor~~ t,h~t he is indeteasibly eeised o! se?id l~nd in iee i simpla or such other estate;if sny ae is stated herein; thst e hus fuil power and Iswful n' ~h4 to ooavoy ~the asme ! , ~~r : as uforessid; tb~?t the land is free ~rom sll eneumbranocs exoept as ~erein otherwise recite~l. Lbst asid Mor ~ ' will make such furt~her aeaurencee to pmve tha dorosaid title to said lsnd in said Mortgsg~ee e~s ma be rcason- • sb]~req uired~ aad ,t~hst said Mortgagor does horeby fully warran~ the tiNe to auid lund~ and evory? p thereoi, i aad ~rill defend ~ha sama againat the Iswful clums ot all pereons whomsoever. ~ PnovtDSn ALw~ts thst if the Mortgagor ahall pwy unt~ the Mortgegee tlu~ oert~ain promiasory note, oi ~ ~ ahich the following is s aubstantial oopy, to wit: ; ;9, 500.00 . Fort Pierce , Florida. ! February 14,15 64 ~ FOA VA~IIS RECEtY~D~ the undenai~r?ed prnmise(s) to a to t6e order oi ~ United States oi Americs, and his suoceaeors ~ suech o~i~ ~ s~~~r ot Vaterans' Atfsirs~ sn O~oer of ths . ah, md his or their aesigns, the ptincapal sum oi - N~~~ Thou~aan~ Fiv Hund~ed and No/100---___~_-_____-Dollurs (S 9, 500.00 w~ iaterest m ste ati tgia rste o f~.v~ g one-f th P~ ~t~ ( 5~ P~' on the u~np aid bslance unt~ paid. The ssid pn~?cz~ snd int,~ ~ s~i~be abl~e~ti the oe ot tha Losn Qusrsnty ! Officer, Vaterans Administretion Regional O~ce. in St • Peters~8, os'i~a or at such ~ j aLh~r plaoe as the holder may desigctate in writing delivered or mailed to the debtor in monLhly inati~llmenta of j ~ Fifty-six and ~93/100~~~~~r~~~~~~~•~~r~r~~~~~~~~~~r~~~r~~ollars (s 56.~3 ~ oommoncmg on the first dsy oi March ~ 1964 , and oontinwng on the ' first day of eech month thereatter until tbis note is fully paid, exce ~ Lhst, if noL eooner ~ paid, tha fnal psyment of principal and interest shaU be due and psysbla on the f irs~ dsy of , Februaxy , lg 89 • . Priv~e~e ia reserved to prepsy at any tima, ~vithout premiuia or fee, the entire indabtednees or any part . '.i thereof not less tbsn t6e sinoi:.--~ of one inststUnent or one hunde+ed doAara (i100.00j~ whichever ia leee. Any prepsyaeent made on otber than an inatellment due c~ste ~+ill not be credited until the ne.~ct [ollowing inatallment . due dste. If aay deficiency in fhe psyment of aay inst~llment under tbia note is noti me?de good prior to tha due date ij ; of the next auch inatallmeat~ the sntire rineipat aum and aix:.rued intere~s6 shsit s~ oace beoome due and ~sy- a x• ; sble without notioe at the optioa of the Ider of thi~a Aote. Failure to euercise this option ahall not oonst~tute r a wraiver of the rigbt to exercise the asme in the event oi~qny subsequent default. In the event of default in the . ~ psyment of this note, aad if tbe eame is oollected by aa sttomey s! lsa, t6e undersigned hereby agree(s) to psy all uoate of c~ollection, including a reasonable attorney'e fee. , Thia note is given for pnt~hase money of real estate aad is eecw~ed by mortgRg~e to secure debt of evea dste hcn~vith, given and ddivered by the undersigned to psyee on certaia real prnperty described therein. P~~entment protesti. end nowce are hereb waived. , (~L4. ~ 5 3ta~e documentary stam~s . - attached to oriqinal note snd ~8~_~STER M. WEBB cancelled. ~ C~ieste= M. ~ifleb~b (asnL~ . / _ ~r~N wEBs - ts~+~j ~e en ~ Webb--------.__~: M~ , . [asnLJ . [ss~+Ll And ahall duly, Promptly, and fu11Y P~o~. ~~'8e, esecute. effect, oomplete~ and oomply rrith and abide by each and ever~ ~the stipulatSona, ag~cementa, oonditions, and ooveaanta of said~promieeory note and of thia mortgage, then t,Lis mortgage and the estate bereby crested e~hall cease and be nuII snd void. The Mortgsgor ftuther coveuants as follo~vs: l. That ~e will psy the indebtedneas, as hereinbefore provided. Priv~e~e ~s r~eeerved to prepsy st aap time, ' without pramium or fee, the eatire indebtedaees or an~ pert W ereof noti less tLan tbe amount of one inatallment, , ~ one hundred dollars (t100.00), a?hichever ie lees. Any prepsyment made on other thaa an inatallmenti dne dste will not be cndited untl the neat follovving inatallment due date. 2. In order more fully to protect the aecurity of.this mortgs~e the Mortgsg~ur, tog~ather wi tion to, the monthly psymenta under the teans of the note eec and in addi- ure~ hereby, on the installment due dats day of each month unt,il tLe said note is inlly paid, will pay to tbe Mortgagee tLe following sunus: _ - (a) A sum equal to ~he groimd reata, if anp, ne:t~ due~ plus the preminms that w71 nert become due snd psyable on policiea of Sre snd other hasard inaurance ooveriag the mor~ pro_ pertp~ plus tszes and aseeasmenta neart due on t~ mortgag~e~ pmp~er6y (all as estamated tha Mortg$gee and of w?hicL the Mortgagor is notafied) lees all sums already pud tLerefor divided ~~r the rinmber of inontihs to elapae before one moath prior to the dste ~rLen sud~iground rents, premiums, texes, and aeaese_ irienta ~vill beoome delinquent, auch suma to be heid by Mortgagee in t~ruat to psy said ground renta, - pnmiums, taxes, aud special aes~smeats. ~ (b) Theaggregate of tbe amonnta paysble purauant to subparagrsph 4s) and thaee paysble on the note aecured hereby, ahall be psid in a single psyment each month, to be spplied to the following items. ~ in the order ststed: ~ . (n 8'i'o~md reats, tases, ~eeessments,-fira, aad other hasard insurance premiwns; (II) iaterest on the aote secured hereby; aad ~ (III) amortisation of tbe principal oi said ilote. . . An~ deficiency in the amount of such aggregate monthly psyment ahall unlees made g~ood by tLe Mortgagor pr~ar to the due cista of the next such pa~ment oonstitute an event o~ defsult under tbis aaottg~ge. At Mortg~g~'a option~ Motg~go~ will psy ~`late c~srge„ noti eo~ceeding foar per centum (4%) of any inst,sll- mantivfien paid more t~sa~ -~iiteea (15) dsys after the dne date tbereoi to oove~ t~he e:tra eapenee involved ia bandling delinquent payments, but such "lste " ahall not be psyable outi of tha pmceeds oi say sale - made to astisfy tha indebtednees sec~red hereby~ such prooeeds at+e su~cient to discharge the entire indebtedneea ~?nd alI proper costs ¢nd eacpenses ~ecur~d hereby. . 3. Ii the total ot the pa~~ments made by tl~e Mortg~ r under (a) oi paragraph 2 preceding shall exceed tt~e amonni of psyments actually made by tbe Mortga6», ~or ground rents, taxes snd aeeessmeats, snd insuranee ~ premiums, a~ the e~se may be, sttdi exoesa sliall be creditai on~ uent psyments to be made by tbe Mort- gagor tor such items or, ut Morigag~ee's optaon, "shall be refnad t,o l~o r. If, 6owever, such monthly , - paymeots sLaU not be su~cieat to pay sucb items when t~e eame ahall~me due ar?d psyable, theti the: _ . R ~ 8~. 2~ _ 1 ~4~K . . . ~ .