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HomeMy WebLinkAbout0829 ~ To H~vE ^xr, To HoLn the same, to~ether w•ith all and sin~~tlAr the tenements, hereditaments anci appur- ~ ten+~nrea thereunto bc+longing or in an~•wise aQpertainiag; N~ad the re+version and re~~ereion~, remnin~ler or re- tnaindere, and aleo all the estatc, right, title, ?ntetest, 6oa~teed, dower nnd ri ght of dow~er, separale estate, poesesaion, claim and demand whatsoever, as well in l~w ns in equity, uf thc sai~l lfurtgxgor in and to the same ; snd every part thereaf, with the ~ppurtenances of the said ~tortgn~or in kuzd to the sarne, e?nd every part xnc~ parcel thereof iinto the said Mortga~~ee in fee sin~plQ. 'I'kae Mortgagor hereby covenanta v~ith the ;~1ort~aE*ee, tlint he is indefeasibiv seized oi said land in fee simple ar such other estat~, tt any, sa ia stated herein; that he hxs full power and law•{ul ri~ht to cunvey tfie same as aforesaid; thaL the land ia free from all encumbrances except as herein otherwi~ recitc~t; that said 11ort~;x~or ~ will mske such further assurances to prove the eforesaid title ta said lnnd in snid 1'[ort~;~gee as may be resson- nbly req uircd, and that asid biortgagor does hemby fully warrant the title i4 said 1Knd, an~i ever~~ part thereot, snd will defend the sarne againat the lawful ctaims of al! persona whoma~ver. PROVIDLD ALWAYB CI18L lt tt1~ :~iortgagor sh~?tl pay unto t.ha Mo~t~a~ee that certain prornissor,y note, of . which the following is a~ubetential copy, to wit; ~ 14,000.00 Fart Pierce , Floride~. June 1 ~ 19 b5 • FOR VALUF RECEIYED, the underai~ned promiae(s) to pay to the order of Administrator o{ ~'eterana' Affaira, an Oft'icer of the United States of A erica and hi sucr n such office, na such, Anil l~is or their Rssigns, th ri of FOURTEEN TH~USAI~D and no~~d- - - - - - - - - D ers w-ith intereat from date at the rat:e of f ive & one- fourth per centum ~TJa) per annum on tlie un~psid balance until paid. The said principal and intPrest. shell be payable at the oHice of the Loan GuarHnty Officer, Vetprans A~iministration Regional Office, in St . Pe~ersburg ~ Florida , or at suc~? other plare as the holder may d in writin~ delivered or mailed ta the d~htor in rnonth ~ n ]lments of Seventy~seven and 3 - ~ - - - - - - - - - D' ollars ) comme Gjn on the first dev of rJu1y , 1g65 , and continuing on the ~l~St dny of esch month thereafter until thia note ia fully paid, exc.ept thwt, if not sooner pa J~e finE?1 pay ment of p9 9 Spal and interest shall be due and payable on th~e 1 S t day of , Privilege is reserFed to prepa,y at an3 time, wzthout premium or fee, the entire indebtedne~.s or an~~ part thereof not less than the amount of one installment, or one hundred duilara ($100,U0), whicherer is less. Any prepayment made on other than en installment due date wiil not be credited until the nest follaw•inn instHllment due dstQ. If any deficiency in the payment of any installment under this note is not made ~ood prior ta che due date of the next such installment, the entire rincipal sum end act~rued interest shall at once become due and pey- ahle ~vithout notice at the option of the ~older of this note. Failure to exercise this option shall noL constitute g waiver of the right to exercise the same in the event of any subaequent default. In the event ot def~ult in the payment of this note, and if the same ia coll~ected by an attorney at law, the undersigned hereby sgree(s) Lo pay all costa of collection, including a reasoneble attorney's fee. This note is given for purchase money of real estete and is aecured by mortgage to secure debt of even date herewith, given and delivered by Lhe undersigned to peyee on certain real property deacribed t,herein. Presentment, protest, and notire are herPbv waived. /s/ ROBER'~ J o KEEN------------------ (s~:~~,] State Documentary S~amps in the Ro'6ert i~een ~ amount of $21.00 attached to /s/ BEVERLY KEEN [s~:.,z,] original no~e and canceled. Beverly Keen ~BF:ALj - [s~.t~,J And shall duly, promptly, anci f~illy perform, ciischar~e, execute, eRect, complete, and cumply w•ith and abide by each and evar~• the stipul~tions, agreements, conditions, and covenants of said~ promis~ory~ note anc~ ~ of this mortgage, then this mortgage and the estate hereby createci shall cease and be nuLi and void. ~ The T~iortgagor further covenants as follows: 1. That he w~ill pay the indebtedness, es hereinbefore provided. Privilege is.reserved tu prep~y at any time, ~ wiGhout premium or fee, the entire indebtecinesa or any part thereof not less thaa the amount of one in;stallment, or one huhdred dollars ($lUb.O~), w•hichever is less. Any prepeyment made on other than an inatallment ~ due dste will nat bs credited until the next following installment due dete. 2. In order more fullp to protect the security of this mortgage, the ~fortgagor, togeGher R-ith, an~i in addi- ! tion to, the ~nonthl3 paymenta under the terms of the not$ securod hereby, on the insta.Ilment due date da~ of ` each month until the said note is fully paid, will pay- ta the ~iortgagee as trustee (under the terms of this trust as herein~fter stated) the following sums: i (a) A aum equal to the ground rents, if any, next due, plus the premiums that w-ill next become due and ~ pa)•able on policiea of fire and other hezard insurance covering the mortgaged propert~, plus taxes ~ ~nd asaessments next due on the mortgaged property (all as estimat~ed bv the h•fortgegee and of which the 111ortgegor ia notified) leas all suma already peid thesefor divided b~ the number of months to elapse before one month prior ta the date when such~ground rents, prenuuzns, taxes, and sase~s- rnentA ~-ill become delinquent, such sume fRr be held bq MorGgagee in trust to pay said ground renLa, premiums, taxes, and speeial asae.~emen~s. (h) The aggregate of !he amounts payeble pursnant W aubparagraph (a) and those pay ~ble on the not2 secured hereby, shall be gaid in a single payrnent each month, tu be applied to the follow-ing it,eme . in the order stated: (I) ground rents, taxes, esaessments, fire, and other hazerd insurance premiums; (II) interest on the note eecured hereby; and (III) amorti~eLian of the principal of seid note. Any deficiencv in the amoant of surh aggregate monthlv pay~xnec~t shall, unle~s made good by the 111ort~agor prior t,o the. due riate of th~ next such psyment, constitutc an event of default under this mortgs~ge. At Mortga~;ee's o~tion, Mortga~or ~rilt pay a"late charge" not ezceeding four per cent~m (4°Jo) of any instail- ment when pa~d more than fifteen (15) days after the due date thereof to cover the extra erpense in~olved in handling detinquent pay ments, buL such "late char~e" ahall not be payable out of the proceeds of any sale me?de Lo satisfy tlie indebt~dness secured hereby, iinless such procaeds ar~ sufficient to disctiarge the entire indebtedneas and all proper casts and expenses secured hereby. :3. If the total oi fhe pa3 ments ~nxde bt~ the :4fortgR~dr under (a) of parn~raph 2 precedin~ ~~:;11_ Pxceed the AITIOUitt OE PA~RIPtiL9 &C~llt1I~V I7)ACjP hv t}:e .~fort~a~ee, as trustee for gro~tnd retzts, tases anci a~e~sments, and insurance premiums, as the case m~3 be, such escess shall be creditsd on sub~equent };ayrnents to he made b~ the ~tortga~or for suck? iteins or, at ~1ort~a~ee's oZ~tion, as trustee shall be refunded to glort~a~or. If, }lOK'E+~~er, suct~ ~nonti~l~ p8~'filPilfB 9~18I~ n~! be suf~tcient to ux}~ such ite?~~s when tt;F= seme shall hecome ~iue ilTi(~ pfl~"Bh~P, then the ~tort~agor ahxll pn~• to th~ ~1o t e c~.~ ~CU CiV AiltOtlilt RP(`e99RCy t,0 make up $~i1K