HomeMy WebLinkAbout1672 . - - . _
. ~ . . . ~~r~~r..~~~~w.~.IV~w.-. .•~I~jjI~~.S
, • ~ •t • ~ . . ~ . .
• 1~ ~ r
i'. ~ l
To H~ne ~r~ ~ro Ho~ t,he
wne. to~e+~her wi~h ~U and aingular the teaements. •hereditsri~ts ~d s~pur- t
Lenancea thereunto beiouging or in ~?t?yw~ae aQpercaining, snd the reveraion and reversions. ramainder or re- . !
maindera. and ~lso all the estuto, rjghk title~ int~cest, homeatsad, doMrer u?d t ot dovrer eepseute estste -
poseassion, claim und damwd MrLatsoever~ as Mrell in 1~?i? u in equity, oi tho aRiicl~ortgngor in aad to the same' ~
and every pur~ th~reof~ with the sppuM,eni?noos of the ssid Mortg~gor in aad to the aaane, and overy part w~
pu~l uiereof unto t1u ssid Mortge~g~ee in tee aimpla
The Mortgegor heraby coveaante rvith tJ?e Mo~, t,hs~ he is indeieaaibl~ seised of ssid liu?d in fee
simple or auch other ~stu~et if any as ia statec~ h~e~ein; thst e hsa full power snd lswi`~l right to convop ~the asma '
•s eforosaid; thet the lsnd ~s free ~rom all encumbrencos exoept as herein obherv~rise recited; tbst aaid Mortgagnr
• will mske auch further assun~nces to prove the aforoesid tide to ssid lsnd in auid Mortgagce as msy be reason• ~
.~b~yreq uired, and thst said Mortgsgor does hereby fully warrsnt the titla to said lnnd~ and every psr~ thorcof,
and w?ill defend the aame againat the lswiul claims of sU peraons whomsoever.
Pnoma$n ALw~xa thst if the Mortgsgor ahe?ll pay unto the Mortg~gee thaL oerLt~in promissory notq, oi
which the following is a substantisl oopy, to ~tit: •
= 9, 000.00 , Fort Pierce , Florids.
Febru ary 18 .19 64 • `
FOA VALVE RECEIOED~ the undersi~ned pmmiee(sj to psy t~o ~the order o! '
the ~ocAdminiatrstor of Vaterans' ASairs, sn O~oer of t,he ~
U,xnited 3tat/e~a~
of Ameria?, an~dT his aucoeaeors in auch o~'ioe, un auch, and his or their aes~}igas~ !the principsl sum oi ~
1\i~ ~VVS~ ~ i\~/1o~~i~~~~.~~~~~~~.~~.~~.~~.~~~~~~~.r ~q11~~~~19~Q~V~o~ ~1
with intereet from dste s6 the rate of five & one-fourth per cen~um ( 5= ) per annuin on tha
u~np
sid balance unt~ paid. T1ie ssid principal e~nd intere~t sheU be psysbla sti the of~iae of tbe Losn Quaranty
O~cer, Veterans A$ministration Regional OB'ioe~ in S't. Petersburg~ Florida , or at such
~ other plsce aa the holder mi? d ats in rirwriting delivered ar msiled to the debtor in raonthly instsllmc.nts of
Fifty-three and 94~/10~------------------------------~ollare i .
oummeucing on the f~.r~ dsy of April , 1964 , aad~oontinw~ng on the ~
first day oi each month thereafter until LLis note is fully paid~ ezcspt thst, if not aooner
paid~~c~ sl payment of iprin8'pat and inLerest ahall be due aad psye~ble on the f irst day of
, 9
Privilege is reeerved to prepsy at any tuae, without premium or fee, the entire indebtednees or any psrt
thereof not less then the annount af one inatullment~ or ona hundred dollsrs (=l00.00), whichever ia less. Any
prepsyment made on otber thsn an instatlment due dste ~rill not ba cndited untal the next following instaliment
due date.
H any deficienay in tLe psyment of any installmenL under thia note is not anade good prior to the due dste ~
oi the ne~t such inatallmen~, the eatire principal sum and acvTUed interea6 ahAll st onoe beoome due i?ud ~sy-
abla'vithout notice st tha option of the holder of this note. Fsilure to eaerr.iae this option shall not oonstatute ~
s waiver of Lhe righ~ to exerciae the same in the event of any subseQueat defaul~. In the event of defsnlt in the F
psyment of this note, and ii the sama is oollected bp an sttornay st lsa~ LLe uadersigned herebp agree(s) to ~
psy all ~oats of oollection, including a reseons~la sttorney's fee. ;
TLis note ia given for purchaee money of real eetate aud is secur~ed by mortg~ge to secure debt of even
; dste herawith, givea e~ad delivered by the nnderaigned to p~?yee on certain real property deecnbed therein.
Present~aent, pmtest, and noti~e are hereby wi?ived. ~
. ($13.50 State documentary sta~aps . :
' attaehed to original note and ../s/ JA,COB W. BOYCE
cancelled) '~t~~~'W:---~~~'______~__~~-~---•---- [esnr.) ~
/s/ RUTH M. BOYCE
"Rtitli'M:"B8'~L~L-----------------------•--•--- ~e~r+~ -
~
~ [ar,~L] ~
,
i
[a~+~J
And aha~Il dnlY, Prompdy~ sad fully perform, discharge~ execute~ effect, eomplete ; and comply with and
sbide by each and every the stipulations, e~greemente, conditioas~ and ooveaeata of e~ud~ pmmiseory note aad
of t~is mortgsge, tLea this mortgage end the eatate hereby crested e6all ceaee and be null and void. .
The Mortgsgvr fu;ther oovenanta ~s foIlo~vs: . ~
l. Thst he vviR pay the indebtedneas, as hereiabefore provided. Pri~ege ia reeerved to pr8psy et an time, .
without premium or fee, rhe entire indebts3nees or any part thereof not le8s thsa the amount of one ins~ent,
or one hundred dollara (i200.00), whichever is less. Any pr~apsyment made oa other t~aa aa inatallmeat ~
dne date will not be credited untal the nezt following-installmenti due dste. ~
2. In order more fully to protect the security of this mortg~e the Mo r, together ~?ith,'snd in addi- . j
tion to~ the mont,hly paZments nnder tbe terms of t6e nof~a securec~ hereby, on inatallment dus dste dey of ,
each month vnti~ the ea~d note is fully paid, wil! pay to the Mo~ the tollowing sums: ,
' ~ (s) A snmequal to the ground renta, if ang, neat~ due, plus the premiuma ths~ w~l neat beoome due snd
psya~le on policies of fir8 and other ha~srd insuraace oovering the mo~ Pro_ pertY. Plus taxee
and aeeessments neat due on the mortgag~ed prop~erty (ali • ae estimated ~r the Mortgagee and of
which tLe Mortgagor ia notified) less all sums already paid therefor divided bp the unmber of montha
to elspse before one month prior to the dste when such~ground rents, premnuns, Lsxes, and t~saes~.
ments will beoome delinqusnt, such s~una t,o be held by Mortgsg~ee in trust to pay said ground rents,
preminma, taxes, and speciai as~emeate.
(b) Theaggregste of the smounte payable pursuaat to aubparagraph (s) and those payable on the note
secured hereby, ahall be psid in s a~?gle payment each month, to be spplied to the following itema
~ in the order ststed:
(I) ground reata, Laues, as~asments,.Sre, and'otLer hasard insuranoe pretniuma;
(II) interest on the note secured hereby; and
(III) imnort~zstion of the principal of ssid not~. .
Auy deficiency in the smount of s~ch aggregate monthly paymeat shull wnless made good by t~he Mortgagor
pn~or to the due dsUe of the ne~t auch psryment ooaatitute sn event o~ default nnder thia mortgage. At
Mortgsg~'s optioa, Mo r~vill pay s'~,ste c~arge" not exoeeding four per centum (4%) of any install-
ment wfi psid more thsa~teea (15) dsys atter tha due dste thereof to caver tha eztra e~cpense involved
~ in hsadling delinquentpaymeats, but such "late charge" ahall not bep sysbls out oi tha p~ceeda of any anle
~ ma~de to satisfy the indebtednees seeu~~d Lereby. unless suc6 pro~eds sre suffieient to diecharge the entire
indebtedness snd sll propet oosta sad espenees securod hereby.
3. Ii flie total of tl~e ps~yments made by the Mortgag~r nnder (a) oi psragrsph 2 preceding ahall exceed tLe
~ umonnt of paymeats actualiy made by the Mortgaa~s, ~or ground renta, taaces snd a,sseeamenta, and insuranoe
premiums, aa the case may be, such e.~oess shdl be credited on a~~ uent paymente to be made by the Mort-
. gag+or_for euch itetns or, az 1Vlar~gsgea•s option, shai! be refnnded to b!o r If, howsver, such monthly
• psyments sha11 not be ~uuffieient b psp auch it~ems whea the same ahall~me due and psyable, then tho -
• o. eT 81• ~2
' 80~K ~