Loading...
HomeMy WebLinkAbout2941 TO HAV1C AND TO HOLD E}1@ 8l1TA0, together w~ith all nnd ningul~~ the tenements, hereditamente sr?d sppur- tensnces there~nto tyelonging ar in anyw?se a~pertaining, and the reveceion snd reversions, remainJer or re- tnaindere, and Also all the estate, right, title, intereet., homestead, do~ver snd righ~ uf dow•er, sr 1,arKte estste, paseeanion, claim wnd demand vrhatsoever, ae well in law as in equity, o{ ttio sai~l 1~iortgAgor in and to the eame and every part thcreof, with the eppiirtenances of the asid ~lortgt?gor in and to tha same, snd every part anc~ parcel thereof unto the aaid Mort~agee in tee simple. 'I'he Mortgagor hereby covenanta with thc Mortga~ee, thet he ia indefeasiblv seized of said land in fee simple or such other eatste, ~f an;~ , as is stated herein; that hc h~?s full power and law~ul right to convcy the same as aforeesid; that the land ia iree from all encunibrances except ss here~n otherwise reciteci; thst suid ;ltortgegar will make surh further asaurances to prave the atoresaid title to said land in sAid Morl~;agce as may be reason- ebly req uired, ~nd that eaid Mortga~;or doe~s hereby fullv watrant the title to sai~i ltind, and every part thereaf, and wrill defend the sarne sgeinst the lawf ul claima of all pereona whomsocver. Pxovtn~D ALw~Ya that if the `i~rt~~or s}iNll pay unto the MortK~ee that ~crcain pr~~mis~ir~~ note, of which the fallowing is a substantial copy, to wit: s 4, 4U0.~0 F.;x : Pierce ,~lorida. Ju'v 16 , 19 65 • FOR VALUE RECEIYF.D~ the underxi~r?ed promise(8) ta pay to the order of the x~c~dministrator of Vetersns' ASairs, an Officer of the United State~ of AmerieR, and hia successors in such offiee, as yuch, an~l his or their axsi~r?s, the princiral sum of F~ur Thousand Four Hundr~d and No/100----~_____..__ D llers 4, 400 . ~0 with interesG from dete at the ret~ of f ~ve ~nd one-half per centum (5~ °J'o) per annum on the unp aid balance until paid. The said principal and interc~t shall be payable at the officc of the Loan Guaranty Officer, Veterans Administrat.ion Regional Office, in S~, petersburq , Florida , or at such other plece as the holder may deeignate in writing delivered or msiled to fhe debtur, in monthly instHllments af Forty one and 81/100---------~----- - Dollaa~ 41.. 81 commencing on the f irst dav of September , 19 65, and continuing on the fi~'St day of esch month thereafter until this note i~ fUlly paid, except that, if not sooner paid, the finsl paymenE of principsl and interest ehall be due and payable on the tirst day af August , 19 77 • Privilege ia reserved Lo prepay at any time, without premium or fee, the entire indebtedness or any part ther~of noG lea~ than the arnoun! of one in~callment, or one hundreci dvllats ($1QOA0), whicherer is less. Any prepayment made on other th~n an instxllment due dete wil! not be credited until the next follow~in~ instellrnent due date. If any deficiency in the payment of any installment under this note is not made ~ooci prior to tl~e due date of the next such installment, the entire principal sum and ~c~•rued interest sliall at unce become due snd pay- able without notice at the option of the holder of this note. Failure to exercise this option shall not constituLe a weiver of the right to exerc~se the same in the event of any subsequent default. In the event of default in the payment of this note, and if the same is collected by an attorney at lnw, khe undersi~,med hereby a.gree(s) ta pay sll costs of collection, including a reasonable attorney's fee. This note ia given for purcha~; r.:eney of real esLate and is secured by mortgage to secure debt of even dste herewith, given and delivered by the undersigned ta payee on certain real property des~ribed therein. Presentment, protest, nn~i notic~ are hereby waived. ----~`'-"`~'---1I~~~~Y.._~I~' R.P--a~7~.---------- ISF:AL~ Qui.ncx Griner, Sr. --,~~~~--KATI~_H.__.C:RIIJER--------------- [~~:.,L] Katie B. Griner IgF:,L~ - - Ig~:.,L) A.nd shall duly, promptly, and fully perform, discharge, execute, effect, camplete, and comply w•ith and abide by each and every th,e stipulations, agreecnents, conditions, and covenanta of said promissor note end _ ot this mortgage, then this mortgage and the e~tate hereby created ahall cesae and be null and voi~ 'I'he Mortgagor further covenants as follows: 1. Th~t he will pay the in~ebtednesa, a.s hereinbefore provided. Privilege ia reserved to prepay at gnv time, without premium or fee, the entire indebtedness or eny part thzreof not les~ Lhan the amount of one inata~lment, or one hundred dollars ($100.00), whichever is less. A.ny prepayment mada on ather than an inst,allment due dete will not be credited until the next following installment due date. 2. In order more fully to protect the security of this mort~a~e, the ~iortgr~or, togethFr w-ith, and in addi- tion to, the monthly payments under the terms of Lhe note securecl hereby, on the tnstallmerit due date day Qf each month until the said noLe is fully paid, will gay to the titort~a~ee as trustee (under the terins of this ~ trust a~ hereinafter stated) the followin~ sums: (s) A sum equal to the ground rents, if any, next due, plus the premiwns that wrill next become due snd payable on goliciea of fire and other hezard insurance covering the mortgaged property, plus taxes and assesamenta next due on the mortgsged property (all as estimsted by the 1~iort~agee and af which the Mortgagor ia notified) less all aums ali•eady paid therefor divided bY the number of month~ to elapse before one month prior to the date w•hen suchground rents, premium~s, t~xes, and assesa- mente will become delinquent, such suma to be held by :~Zortgagee in trust to p~y said ,ground rents, premiuma, tazes, and Qper.ial assessmenta. (b} The agg*egate of the axnounts payable pursuant to subperagraph (a) and thosa payeble on the note secur~d hereby, sha11 be paic~ in a single payment esr.h month, to be applied to the follow~ing items ~ in the order atated: (I) ground renta, taxes, aseessments, fire, and other hazard insurance premiums; (II) interest on the note secured hereby; and (lII) amortization of the principal of said ~ote. Any deficiency in Lhe amount of Ruch aggregate. mont.hly pay-menG sha11, unless made good by the Afortgagor pr~~ior to the due date af the ne~t surh ps,yment, constitute an eveni of default under tt~i, mortgRge. At Mort~a~; ee's o~tion, Mortgagor w•ill pay a"late charge" not e:eceeding four per centum ~4U'~) of any install- ment when paid more than fifteen (15) days after the due date thereof to cover che extra expense involved in handling delin uent paymenLs, but such "late char~e" sh~ll not be pa~ able out of the proceeds of any 4ale mauia to satisfy t~e indebtedness secured hereby, unle~a such proceeds are sufft~ient to dik.t~arge the entire indebtedneas and all proper costa and expenaes se~ured hereby. 3. If the total of the payments msrie b~• the ~'Iort~agor u~ider {a) of para~raph 2 prcr~dei~~ shall exceed the amount of pavrnents Rctually tnsde by the ~tort~egee, as trustee ior ground rent3, tc~se5 Hn~l asaessmente, and inaurance premiums, as the case m~~ be, such axcesa 31ia11 be crediGed on subsequent payinents to be made b~ the ti3ortgagor for such itelns ~r, at ~iort~agee's option, as trustee shall be refunded to ~1ort~a~;or. If, . howe~ er, such monthl~ pa~ ?nents shAli not be sufticient to pay su~h items u•hen the GRrne shall becomP due and pa~ able, then the ".ltort~agor sh,ill pti~• to th~ :11ort~a;;ee r~.g truster t1f1V RIllOlllit neressary to make up ~ SODK