HomeMy WebLinkAbout1037 N _
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TO HA~1 AIIn TO HOLO NN wo~ t~sthe~ wltb all ~ad ~o~u?l~c t6~ t~en~a~eaa, Merdi~aaNOt~ wd ~ppuh .
~ tsna~?ae~ t~hse~sunto beton~inns or in ~p pa~t~ni~, ~ad t~M a~~e+~ioa ~nd r~v~c~ions, rsea~ind~e or n-
i aaaiadeis~ aad, ~la ~11 ths atate~ rj`h~d0. Intse+e~t~ homat~d. dorrer aea! ~t ot dower. ~spac~t~ at,ate.
' pasewan. claiaa uad demand ~rL~t~oe~ar~ v weU ia bw a w equi~jr, ot t~he s~kl ort;a~oe io aad t~o tbe ~ae
and every p~K thereol~ with ~hs r?ppurtea~aoe~ ot fhs s~id Mor~~or in and b f~?s w~e~ aad evety patt aad .
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The Mortgagor hareby ooveaants with tbe M ~ eh~~ hs i~ iadelea~ibly ~ei~d oi uid land ia fes ~
sialple or sucl? other estate~ it aay as is stated henin; t,hi?~ hMS tuU power and l~wtul t to oonvoy ~the snaae
as ~fonsaid; thRt 1be land n free ~rom ~D encuaabranccs axoept ~s herein otLeewi~e recital; tb~ti sai~~ Mortg~gur '
~v i
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ke su c
h fur t
her assur~nces t~o prove tt?e ~toresaid ude b w?id l~nd in ~?id Mort{~ag~oe as may be reason-
~biyreq uired. sad that w~id Mortga~or does hereby fuUy watrant tbs tiNe to s~id laad, nnd every p~rt thereoi,
and w?ill delead the sams ~gsins~ the lawful elaims oi ~ll persons wLom~oever.
~ Paovi~sa AL~vaxs tha~ if the Mortgagor ~he?U p~y unto the Mortgagee that oeM,aui pe~omiesory note~ oi
which the iollowing is ~~ub~tantial ooPY~ ~~t:
~
~ =6, 300.00 Fort Pierce ~ Florid.. :
. January 27 ,19 65.
Foa V~LOS 8scsivsn~ t,be under~igned promi~s(~) t~o ~a' t-o ~ths order oi ~
i United States oi America~ wd bL ~uooa~or~ in su~
o~os~~~~~d~h'rna~
~teraa~' ARairs~ an OIDcsr oi tLs
~BN, ths principal ~um oi
; S' ho and hre g~ n~ed and No/100--------------Do ~=6,300.00
~ wi~in~eres~~+om d~~s at tgie nf,s oT f~vs pe-fou P~ ceatum ( S~ ) Per annuza on ths
u~n~p~id batmce uaW paid. Ths wd pnu~pa~a`n~mtemst s~~ p~yable ~6 the offioe o~ths Loan f~u~r~a~y ,
~ O~cer~ Vetar~ns Adminietntion Region~l6~ce~ in St. Petersburg, Flaacida ~ or ~t such
; , other plaee as the holder may deaign~te in writiag deliverad or muiled to the debtor ia monthty inatatlments oi
' i ThiYty-seven and 76/10 - -----------------.---------~ollars 37.76 • ~
commencu~g on tha ~at day ot lriar~h , 19 65 ,~d ~?~~8 on the j
i firat day ot each montL thereatter untit t~hi~ note is luUy paid~ exce ~ thi?t, if not eooner -
?
j paid~ the final paymea~ oi principal and interest sbaU be due ~ad p~?yable on the f et d~y ot i
February , 19 gp. . • ~
; Privilege is reeerved to prep~y ~t any time, arithout premium or fee, the ent~ire indebtedness or wy part
ire
; thereof not ]eas than the ~nouat of one installment or one hundred doUars (i100.00), whichever ie leee. My
~ prep~?ywent made on oLher than ~n inarallment due date ~rill not be credited un W the next tollow+ing inseallment
due d~te.
; - If any deficieacy in tLe p~ymeat ot any inaLallinent under this note is no~ made good prior to tbe due d~te
; oi tha neat such installment, tLe entire prineipal ~um aad ac~ued inteebat s6a11 oaoe beooms due md p~y-
~ able without notice at t6s optioa oi the holder of tbis note. F~iture to ezerci~e tbis opt~on ~hal! not oon~4tuts
• w?aiver oi the right to exerciee the ~aans ia ths eventi oi any subequenL detRUlt. Ia tLs event ot dsf
Rult in tLa
payment oi tLis note, and if the same is colleet~ed by an ~ttorasy l~w~ tLe uaderaigned Lereby ~gree(~) to
p~?y all cosb oi oollection, including a reason~ble ~ttorney's lee. :
'Thia note is givea for purch~se money oi reai e~t~te and is secured by mortgag+e to ~ecure debt oi evea
~ d~te herewith, given and delivered by tLe underaigned ~o payee on oertain real propesty deecribed tLerein. ;
i Pnsentment, pmtest. snd noti~e are hereby ~raived. '
i . ;
: ($9.45 State documentary stampa ,
~ . .
' attached to oriqinal note and '
t -~~_EI,YII~-I'~?Y•--.-------.-•-•------.____ [BSAL) ;
cancelled) • Elvin May ~ ~
[se~?L] _
(e~sL] _
; - ~ s..;...». [ssss.]
` And a6aU dulY, P~mpvy~ ~ f!~7 P~~, ~ aseaute. s8eo0~ oomp~ete~ and oanply with snd
j ~bide by each wd every ~the st~pula4ow~ s~ceemea~~~tion~, and co~eooac,ta ot wid~pro~~o note and
; oi t~is mo:tg~ge, tbea thi~ mortgy~s ~nd tLs at~?Ls bet~sbj o~csat~ed ~LaII oe~s ~ad bs nu11 aad ~o'~
The Mortgagor further oo~enants s~ ioalowr:
~ ~ 1. That he will pay the indebtednes~, a~ hereiabsiore pro~ided. Pri~egs i~ re~e~ned to PrepaY st anp t~ms~
; without premium or fee, the entire indebtedneee or any par6 tLereof aot les~es~ than fbe amaunt oi one insWlmeati, -
; or one Dundred dollare (il00.00)~ whichever is lees. My prap~yment made on otLer tLaa an insWlment i
due dats will not be credited until the nert iollowing inatallment due date. - ;
2. In.order more fuUy to protect the eecurity of thie mortg~e the Mortgagor~ t~oget6er witb, and in addi- ;
i tion to, the monthl peymente under the terms ot tha note securec~ 6ereby, on t-he installmenL due date day of
( ere
each raonth until e said note is fuUy paid, will pay to the Mortgsgee.as trustee (~nder the terme of this ~
~ trust as hereinafter stwted) the following aums: ~
(s) A sum equal to the ground rents~ ii anp~ nest~ due, plw the preuaiuau tbat wiU aezt beoome due and ~
psyabie on policiea of Sre and otLer basard insurance oovering the mo~ Pr~operty~ plus tnzes i
and aseessmenta next due on the raort8aged proP~e*tY (all ~s estia~ted ~r t6e Mortgagee aad of ~
which tLe Mortgagor is notified) lea~ all suans already paid therefor divided bj t~he number oi months
to elspee before one month prior to tLe d~te wfien such~ground renta, P~~, tizee, aad assees-
~ meate will become delinquent, such suau to bs held by M~rtgag~es in trwt to pay said gronnd rents,
. Psemiwns, tsses, ~nd special aeeeeemeab. .
(b) The ste of the amounts p~y~ble punuant to subparagnph and th~oee p~ysble on the note
secured ereby~ shall be pud in • eingle payment each month, to be ~pplied to the following iGems
- in the order stated:
(I) W'ouad ranta. ta:e~, are~uieat~, IIr~, and ot]a~r basat+d ia~urano~ ptwnium~;
(II) interest on the note ~ecured bereb~; ~nd
~ - (III) ~anorti:ation oi tLe priacipal oi said note.
An~ deficiency in the ~unoant oi such aggcegate wontbl~ paymen~ shaU unlas made g~ood by tl~e Mortgagor
j p_rior ta the due d~tb of the. neut wch pa ent constituts an e~ent o~ detault onder thi~ m A6
~ Martgagee~~ optioa, Mortgagor w?ill pay a~Lte c~arga" not esoeediag lour per centum (4%) uf~mstall-
. ment wbea p~ud more than fiitRea (15) daprl utter t~l?s due dats thereof to co~e~ tbs erir~ expenss involved
in h~ndling deLnquentpayments, but such "4te harge" s6a11 not bepa~able out ot the proc~eed~ of any sate '
made to satisiy the indebtednees secured hereby unless such p~+oceeds ars anffiraenti to di~charge the entire ~
indebtedner and aU proper c,o~t~ aad sspea~es ~ecue+ed hareb~. ;
3. Ii t6e total oi the p~~ymenta made b the Mortg~g~or andee (R) d par~grapti 2 p,reoediag ~h~D e~coeed t6e .
smount ot paymenta sct.uslly made by tl~e~origagee, ~s t~stee tor grouad rente~ ta:es aad assesecnent~, and
insurance premiums, ae the caee m~y be, s~ch excer ahall be credited oa ~ubsequent paymenta to be mada
by the Mo r for euch items or at Mortgagee'e option, ~s ttwtee shall be refunded to Mott~agor. It~ •
however, s~~onthly~ psyments sfiall not be wff~cient to pay wch items w6en the s~me shall beoome due ;
and payable~ then tha Mortgsgor ehsll psy to the MeetgRges a~ txust,ee aa~ amouu~ necee~ar~ to m~lce u
P
- eo~~ ~.09 r~c.c ~33
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