HomeMy WebLinkAbout0274 To HAV£ AND Ti) ~~OLD ~}1P SdI110, together w•i/h a11 and singulnr the tenements, hereditaments and s{~pur-
ten~nces thereunto belonging or in anyw•ise aQ~erteuning, an~l the reversion nnd revecsions, remainder or re-
inainders, snd Hlso all the este~t~, right, title, t~}tere~t, h~iestcad,,~oK•qr ynd ri =ht of dc~~~~cr, sr[~ar~te estate,
pos~esaian, ~•laim »nd demand wliatsoever, e?a wAll ~n ?a~0 ~s in equit~, of ~t.he axi~l ~tor~Kngor ia an~l to the same,
end e~•er~- part th~rr~of, with the apE~urtenanres of the said ~tortg~~or in e?nd to the sxme, and ~~~•Nry pnrt and
parcel tlYereof unto the said Mortgagee in fe~ eimple.
The l~iortgagor hereby covenents with the ~4art~a~ee, tt?nt hc is indefeasiblv seized of seid land in fee ~
simple or such other estate, it any, as ia stated herein; thst }ie hKS full power and [~w•~ul right t,o ronve ~ the aame
es Rforeaaid; that the land is tree from sll encumbre~nces exc~pt wa herein otherwise recited; t~hst said ~iortgagor
will make ~uch further asaurances to pro~e the eforeaeid ~itle to eaid land in said ~1ort~agee ~ may be reason-
sbly required, and that eaid Mortgagor does hereby fullv warrant the title to said lR~id, dnd every psrt thereof,
and will defend the same egainet the law~ful claims of all peraona whomaoever.
PxovinEn ALanY~ that if the `fortg~or shnll pay unto the Mortg~gee that certain promiasory note, of
which the follow•in ia e aubstantisl copy, ta wit:
g~.2 , 600. ~0 Fort Pierce , Florida .
May 19 ~ 19 65 .
FOR VAL(JF. RECF.IVED, the underai~ned promiae(s) to pey to the order of xxxxx
~ Administrxtor of Veterana' Affairs, an OfCicer of the
T t a ~ in su h offi ich and his or thair sssi s th in 1 s of
' ' ~b~ an~ no J~ s = - - - - -n~~
~ ~1~, .
~-ith interest, from date at ~he rate af five and Oile-fourthpPr cent?i~n ( °J'o) per annum on t}ie
iinpaid balance ~intil paid. The said principal and int~r~st shHll be p~yable at ths~ offi~~e of the Lasn GtiarHnty
Officer, Veterang Aciministration Regional Office, in 5r . Petersburg, Florida , or at such
~ other lace as the holder ms desi~nate in w~itin~ deli~ er_d _r mRiled to the debtor, in monthlv installments of
Six~y-nine and 59~100 s- - oll~~ `69.59
commencing on the f~.rs~ day of .Tuly , 196~ , and continuing on the
; first day of each month thereefter until this note is fully paid, ~ce t, that, if not so~ner
paid, the fi al payment oi pri c pal and intereat ahall be due and payable on the ~lrgt day of
~une , 19~~ .
Privilege is reserved to prepay at any time, without premivm or fee, the entire indebtedness or any psrt
~ thereof not less than the amount nf one installment, or one hundred dollars {g100.00), ~tihiche~er is less. Any ,
~ prepayment made on other thAn sn installinent due dat,e will not be credited until the next follawin~ installmen!
due date.
If any deficiency in the payment of any installment under this note is not made good prio: to the due date
~ of the next such installment, the entire principsl sum and ac~~rued interest shail at once become due and puv-
~ able without notice at the option of the holder of thia note. Failure to exercise this option ahall not constitute
r a waiver of the right to exerciae the same in the event of any subaequent dzfaul.. In the e~ent of default in the
i pa3~ment of this note, snd if the aeme is collected by an sttorney at 1Rw, the undersigne~i hereby agree(s) to
pay all costa of collection, including a reasonable attorney's fee.
This note is given for ~urchase money of re$1 estate and ia secured b,y mort.gage to secure debt of e~•en
date herewith, given and de,~~ ered by the undersigned to pa}~ee on certain real property described therein.
Presentment, protest, xnd noti~e are hereb~ wair•ed.
~ / s/ JOHN A. N EAL, , JR .
ISF.AL~
5tate Doctunentary Starnps in the o n A. Neal Jr.
amount of $18.90 at~ached ~o ~s~ ROMONA I~~AL _ _ _ ~s~;_,~~
original nvte and canceled. Rc~moria~Neal~
- ~~EAL~
(sEALj
And shall dulv, prnmpll~•, an~l full~• perform, disc•harge, execute, effect, complete, and comply ~•ith and
abide by each and e~-er~• che stipulations, agrc:ements, conditions, and covenanta of said pronussor ~ no!e and
of this mortgsge, then this mortgage and the estate herebS created shall cease and be null and voi~
The AZortgagor further corenants as follows:
1. 'I`hat he wzll par the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at anv time,
without premium or fae, the entire indebtedness or any oart thereof not less ttian the amount of one insta~lment,
Qr one hundred dollars {~100.00), whichever is less. An~• pre~ayment made ou other than an installmenG
due date will not be credited until the next followin~ installment due date.
2. In order more fully ta protect the security of tttis mortgage, the :1lortgagor, together K-ith, and in sddi-
tion to, the monthl~• pay ments under the terms of the note secured hereby, on the installrnent due date day of
eact~ inonth until the sHid note is full~~ paid, w•ill pa3- to the ~~o*tga~ee as trustee (under the terms of this
trust as herPinafter staked) tlie faliov~•in~ siiriis:
(a) A sum equal to ihe ground rents, if any, n~ext due, plus the premiums that w-ill next become due and
pa~~xble on policies of fire and other hazard insurance co~ ering tne mortgaged property , plus taxes
and asses.Gments ne.r-t ciue on the mortgA~eci ~roperi~' (all as estimated by~ the ~fortgagee and ef
which the ;~tortgagor is notified) less all surns a~read,r• gaid therefor divided bv the number af rnonths
to elapse hetore one month prior to the date H~hen suchgt'oi~nd rents, premiums, taxes, and assess-
mc~nts tr'ill hecome delinquent, such surn9 to be held by :~iort~agee ir. trust to paV said groun~l rents,
prc~niiums, t8X~5, xnd special assessr?ients.
(t~) The a~;gregate of the amounts pa~•able pursuant to subparagraph (a) and !hose pa~-able on the note
st~curecl t1ereb.•, st?Hlt be paid in a single pa~-inent each montn, to be applied to t}ie fc~:l~µ-in~ items
in t}re ordes stated:
(I) ground rents, [HXE?9, assessments, fire, anci other hazard insurance preroiums;
(fI) intereat on the note secured hereb~-; and
(III) amortization of the principal of said note.
Any defirieruv in the amount of such a~gre~QtF monthl~ pa~-m~nt shall, unlesa made gaod by the hlort~agor
pri~r to tiu~ d~~e ~iate of the nert such pa~'?7i~nt, constitule an eveat of drfai~lt under this mortgx~e. At
;~1ort~a~ee's option, ;~tort~;a~;or µ•ill par' a"late char~;e" not excee~iing fo~.ir per centum of an,y uzstall-
ment w-t-,en paid more. than f~ftt~en (]S} dat•s after the due date thereof to cover tht= f~.r-tra erpense invol~~ed
in handli ~ delir~qu~~nt ~a~•mc~nts, but s>>ch "late char ~•e" ~shalt not be pa~•able aut of the proceeds of any sa]e
rnade to atisf~• ttze incletztedness secured hereh~-. liilic~ss su~h proceeds are sufficienC ta discharge the entire
iridebtedtiesa sii~i ali p~c~per i~ost3 sr~d exper~~~ ~ecured hereby.
If the totxl ~f tl~e pnr~nent~ ma~iE~ hc the ~fort~a~or un~ler (a) of par~l~raph 2~-~recedi?~n rhall e~~ceed the
~iti~~unt of pa~ inents x~~turill~- ni~?dc~ h~- thF~ ~torthx~:eE~, ss truatee for ~roun~i rei~ts, t~ises an~l assesatnents, and
irf~ur~nnc~t~ preniiu~ns, rir ttit~ ~•a~f~ ?iia~• 1~~~, 5uch excess shall he c~reditc~d on sttif~eytjettt paVtnents tu be ?irade
b~- the ~tortgagor foi• ~u~•h iten~s or, ~?t ~Iort~a~ee's optiotz, as ti•ustee sh:ill he rE~fundecl to ~fort~,arior. If,
how-e~-er, su<~h n~ontt~lti- pa~Iiit'17tS ~hall not h~ s;~ffifier~t to I~a~ such itc~i~s ~chen the sarne shnll become du~~
ti~id pa~•~hle. thrn t}!e itc,rt~.~akor ~hNl! pa~~ to the ~tort~a~ee Rs trustec an~• atn~~unt ne~essar~~ Go make up
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