HomeMy WebLinkAbout0339 ~ ~ .
~
f • . .
To 8n~s a~o Hor.a the s~me~ to~e6hsr with ~Il end singular t~he ta?enaent~, heredt~?mena :nd .ppue~ ~ ;
tena~cxs ti~erewnto balongiu~ or ia ~?nywue ~ppertuning, wd the rsvenion ~wd rRvenions, remaindsr or re-
mainders~ urd RLo ~11 the estate, rlght~ title, int~erest~ hotnestead~ dower and n t bt dower, sepu~ts estste~ ~
poeeeasion. claim ~nd demaad rrh~t~oevee~ ~?s wdt in law u in equi~y~ of the eaid•~ortgagor ia ~nd to the ssme i
and every part thcnof~ w?ith th4 sppurtenanoes ot .the said Mortg~gor in and to ths aams, snd evaryr pu~ an~ ~
paroel thereof unto the said Mortgagee in fee simple. ;
The Mortgagor bereby uoveaanb with t6e Moregag+ee~ that he ie indefeaaibly seised oi said land in fee {
simpie or such other estate; ii any as is stat,ed herein; that he has full powe.~ ued lawiul n'
~h= Lo convop ~the aame '
as ~ioresaid; th~~ the land ~s lree ~mm all enQUmbrsncos axcept ~a herein otherwiae recited; tbst sa?id Mortgagor • `
~vill mske such further ~esurwces to pmve tbe atoresaid tatle to said laad iq aaid Mort~gee ss msy be reason-
sb rec~uired. and thRt asid Mortg~gos does hereby fully warrunti the eiue to esid lund, and avery psrt thereoi,
an w?iil defend tl~e same against the lawiul claim~ ot all peraons whomsoever. - *
Pieoviaaa Ai.wA~rs tha~ if tba Mortg~or shs1l pay unto the Mortgagee that oertaia promiesory note~ oi
wbich the foUowing is e? ~u6st~an~isl oopy~ ~o r?i~; .
- =12, 350.00 Fort Pie~~e ~ 1~torlda.
July 8 ~ 64 •
Foa Va~.oa Iiscsivsn, the underei~ned pmmise(s) to a~ t~o ~the order of
United 3ta ~e ~dminiatr~?tor ot Veterans' Alii?irs, an Offioer of ths
tea oi Amenc~, ~nd lus auooe~ssors in such o~ice, ss auch, and his or their aeai the
S~, Ptiacipal sum oi
lve ~ou and ree g~ ndred Fift and No/100---- ~u+~* =12 350.00
wi~interesti irom~ste at ~e rate oi f j,v~ o e-~ou P~' centum ( 5~ ~o) P~ annum on the
u~npa~d balance uatil paid. The said pnuca a~`an mtt+res~ s~~be paysbla st the~o~oe of the Loan Ciusraa~y
~
O~oer, Veterans ddministraWon Regional ~oe, in St, Pete~caburg, Fla~ida , or st such
~ other plsoe as the holder ~ deugnate ia writing delivered or m~?iled to the debtor ia mont,h~y uutsllmente oi
5eventy-Four and 1/100---- ~ollars 74.01
oommencing on the fitst day oi Au t , 19~ ~4, and oontiauing oa the
fi~st day of each month theraafter unt~~s nots is tully paid, ezoept thsq ii noL sooner
psid, the 5na1 paymeaL oi principd and intee~eat ahall be du8 and psyabie on the firat dsy oi -
July , iggg ,
Privilege is reearved to prepRy at any tima~ without premium or fee, the entire indeb~edaess vr any par~
tbereof aoC lees than tbe amount oi one inetaUment, or one hundred dollars (i100.00), rvhichever ia lees. '
An
prepsyment made on other the?n sn inatallmeat due dste will ao! be credited unt~ tha next folloariag inatalLneaL
due dste.
Ii any de8cienay in ths ps~rmeat of ony inst,sllment under this note is no6 mada geod priar to t6e due date
oi the next such instalimeat, the eatirepna
cipal sum sad saxued 'mtesea~ ah~ll st once beoome due ~nd ~sy- z~
able ~vithout notice at the option oi the holder ot this note. Failurs to exeraiee tbis upt~oa ahall not oanst~tute
a wsi~e~ of tha right to exercise the same in tLe event oi any aubsequ~~ defsul~ In t,6e event of defsult in t6e
payment of tbis note, and ii the same is oolleated by sa sttornay at Lw, the undersigned hereby agree(s) to '
psy all costs of oollection, including a rea9ensble attoraey's tee.
Tbia note is give~? ior purehase maney o~ real estste snd is seaured by mortgage to eecure dabt of evea
dste herewith, givea and delivered by the undersigned to psyee oa cettsin real property deecribed therein.
PresentanenL, protest~ and notice are hereby w?sived.
~$18.60 State documentary
stamps attached to original ~~,,~_~~~~M~~RnAN ~~L]
~ note and caricelled) Odas H. McCroan
l.~l .~.~~1!_.~~ I~~S2Al~ [oa~+Ll
• Bertha Jean McCroan
[esnr.J
. [ssnL~
And ebull duly~ Pmmptly, end fully perfornn, dischu6'e, eueaute, effecL, oumplete, and oomp?~y with and
er~" r
abide b~ each ~nd ev tLe stapulations, ~greements, oonditions, and coPeaants of seud~promiseory note and
of tbis mortgage~ then this mortgsg~e and the est,ste hereby crested ehati ceaee and be nult and void.
The Mortgagor furt6er oovenanta as follows:
1. Thst he will pay the iadebtednees, as here3nbefore pr~vidad. Prey~e~ ~s reserved tA prepay sL aay t~~me,
without premium ar fee, the entire indebt~;dnees or sny part thereof noti 1 tban the amount of oae instaIlment,
or one hundred dollara (t100.00), whichever is leea. Any prepsyment mada c~ other thau an inatsllment
due date will not be credited until the nert follo~ving inata~neati due dste.
2. In order more fulty to pmtect the security of this mort,gs~e tha Mortgaqor, Logether with, snd in adcli-
taon to, the monthly paymenta under the terms of t6e note eecure~ hereby, on t~e installment dua dste day ot
e.~ach month untal the saud note is fully puid~ will pay to the Mortgagee s~ truatee (under the terms of this
truet as hereinafter steted) the following suma:
(s) A aum equat to the gi+ound rents, if any, nezt due, plns the premiums tlu?t ev~l ne:i beoome due aud
psyable on policiss of Sre and other hassrd inaun~nae oovering the mo pr~operty, plus tsxes
and aeeesamenta nert due on the mortgaged pmp~erty (all as eatimsted~~rthe Mortgsgee and of
wLich the Morigag~or ia notified) Ieea all sume alrea~dy psid therefor divided b~r the number oi moathu
to elspee bafors oae month prior to tlie date when suc6~ground renta, premiums, ta:es, sad assess-
menta vvill beoome delinquent, sucL sums to be hsld by Mortgag~ee in trust to psy eaid ground reats,
pnmiums, taxes~ and special assesamente. .
. (b) Theaggregate of the amounts ~sysble pursusnt fio subparagraph (s) ~?nd those paysble on the note
secured bereby, shall be paid m s euegle gaymeat each month, Lo be spplied to tbe foUowing items
in tLe order atat,ed:
' (I) Bmund senta, tues, a~eees~nents~ Sre, snd ot~ hasard 'msurance premiuma; .
(II) u?terest on the note eecured hereby; and - .
(III) amortisntion of the priacipal oi said note. .
Any deficiency ia the amount of such aggr~te monthly paym~t sballt unlas mads g~ood b~ the Mortgsg~or .
p_rior bo t,he due dst~ oi the aext such ps~rment coaatitute aa e~ent of default uades this mortgagze. At
me~nortgagee's optioa, Mar~ga~or will pa s Lte c~asg+e•, not eaooeediag iour per ceatwn (4%) oi sq~ ~astall-
h pad mors tbsn Siteea (15jydsys sit,er the due date thereot to oover the euLr~ e:pease involved
in handling de~ nentpaymente, bnt sacb "tste~~
" shsll no~ bep~yable outi oi tbe proceeds of 'aay sale ;
msde to satisfy tbe indebtednes~ secured Lereby, unTeas aucL prooeeds are a~Cient Zo discbarge the entire
indebtedne~s aad sll propet oo~ta snd eacpeneea seaurad heteby.
3. Ii the total of the po~ymeata made b? t~he Mortgagr'~under (a) ot par~grsp6 2 preoediag shall esceed the
• amount of paymenta act-usUy ansde by the Mortgag~es~ ss trustee for gi+~vnd rents, taxes and seeeeem~ts, end
insw~ace premiums~ as the caea msy be, auch ezoe~s sha11 be credited en ab~equent paymeace to be msde
~ by the Mortgsgor for such items or sti MortgRgee's op~op, as trnatee ahall be retunded to Martslsgor. If
~ however, sueh monthly~psymeats s~iall noti be su~cient to psy sne1~ it~ems wh~ the eame shaD beoome due
~ snd papable, then the Mortgagor shall pay to the Mortgsgee as tivstee an~ smonat neoe~sary to maka up
i R. 3 ~
~ 9
~ K ~•xr:~. .
~r~ ~wo~+