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Home My WebLink About1071 1 ,t i~ . ~ To A~vc ~xu ro Hot.n the same, togethP4 vriLh.all d sin~ul th~ tenement~s, hereditamrnta snd appur- f# Lenancra Eherrunla ~r.longing or in anvv?~se s~per'tainin~ snd tha~ersion and revPreiuna, remain~ler u~ rc- , maindeta, Rnd wlso all the e+~st,atc, right, title, ~hterest, h mes~ced, dwpr and ri •hl uf doH•Nr, sepxrate ~~s~ale, t poaecesion, rlaim ~nd demwnd whatsoever, as well ia law as in eq~iity, of t1?a aKi~l ~iortga~,~or in snd tu the same, ( and r~er~• part th~reof, wwith tl~e sppurtenwnces of the said !1lortgwgor in and to the se?me, and ever}' part and ~ pwrcel thereof unto the said Mortg~ in tee simpla. ! The Mortgag~r hereby covenantr, v~~th the Mot tgagee~, ~hxt he is indefeasibiv sei~ed of said land in fee ~ aimple ur such othcr esta4e, d~n~, ~s i~ stated herein; t2rat, he has tull povrrer and law~ful ri~ht to wnvcy the sunin ~ aa Rloresaid; thst the laad is free from sll encumbr~ncees except as herein ot6erwise recited; thst asid ,4ortgagor c ~ ~vill makt auch further assurnncrs to prove the doresaid ti~le to s+?id lrnd in said Mort~~gre ss msy be re~4on- ~hl required~ ~nd that a~id M~rt~ag~Or does hereby tujly wartant the tiWe to said lRnd, dnc~ ev~ry psrt thrreof, ~ at~~w~ill detend the aame agsinat the lawful cleirns ot all persong whomsoever. PlCOY1DED AL~YAYS ~1wf. lI t~lQ ~iortg~or shnll pay unLo the Mortga~ee that certain pmmi~.sc~~y notc, of I ~ which thc following is a substantial ropy, to wit; ~ ;10, 700.00 Fort Pierce , Florida. ~ August 13 , IS 65 ~ FOR VALUF. KECBIYFU, the underai~newi pmmiee(s) to pay W the oe~cler of ~ the ,aOKAdministretor of Yet,erans' Affai~s, i?n Oflicer of the United Statea ot Americe, and his sucrrss~rs in s~irh offire, xs such, nnc! his or their aasigns, the pcincipal sum of ~ ~p g Ng~p DouA~ (a io ~oo . oo THOU AND SEVE HUND ~ AND NO/1 0-------------- ~vif.h interestlrom dste st ahe rate of f 1ve & one-half per centum ( 5~ per~annum on the ~ unpu d balsnce until paid. The said principsl utd intFinat shRll be p~yable at the o c•~ o( the Lnan Gusranty i O~icer, Z'eterMaa Administration Regional Office, inSt . Petersburg Florida , or at auch other place as tbt ho.lder may d~giiete in writing delivered or meiled to t~ie debtnr, in monthly instullmenta ot ~ -Sixty and 76/100---------- Do11Ars (S 60.76 vornmencing on the f irst d~?y or Octobex ,~g 65 ,~d continumg on the ' f irst dsy of each month Lhereafter until this note is tully paid, except thAt, if nat sooner ~ paid, the final paym~nnt of princiPul and intereat shsU be due and paysble on the f i~"st day of September , 19 95. " , Privilege is re~erved to prepay at any time, vpithout premium or fee, the entire indebtedness or any part thereof noL les+a than the smount o[ one installment, or one hundred dolla~s (~100.00), whichever is less. Any ~ I , prepsyment mede on other thRn an instaliment due date will n~t be credited until the nest followin~ installment ~ ~ due dstt. ~ If aay aeficiency in the paym ent of any installment under this note is noL msde good prior to the due date ~ of the next such installment, the entire principal sum and accrueci in4erest shnll at once become due and pay- able without notice st the option of the holder of thia note. Feilure to exercise this option ahall not constitute a waiver of the right to e~em~se the same in the event of sny subsequent default. In the event of default in the ~ i payment of thia note, and if the same is callected by an attarney at law, the underaigned hereby agree(s) W ~ pay all c~o~sts of collection, including e re~onable attorney's fee. j This note is given for pwr.hsse maney of real ~tate and is secureci by mortgage to aecure debt ot even j dste herewith, given and deLivered by the undersigned to peyee on certain real properLy described therein. i Presentment, prot~t, ~nd nati~e are hereby waived. I ___/s./ _ ARNOLD__ BINGFiAM ( ) ~ ~ BF.AL Arriold Bing~jam ~ ---/_~/____JAN~~E-- $-~~t~ [~E,t) ~ Janice Bing am ; j ~ ! ~ ~ LSF]A L~ ~ I i ~ IBEAL~ ~ ~ i~ _ And ~hall duly, promptl~, and fully perform, disrharge, execute, effecL, complete, and comply with and 3j abide by each and every the stipulations, agreements, conditions, and covenauts of said~ promissory note and ~ o[ t,hia mortgsgr, t.hen this mortg~ge and the eatace herebq created shall cease end be ~xull and vaid. ~ The Martgagor further coee~snts as followa: ~ 1. That. hP w~ill pa} Lhe indebtedness, as hereinbefore provided. Priviie e is reserved to prepay at anv time, without premium or fee, the entire indebteiiness or any part thzreof not less t~an thP Am :unt of one insta~lment, ~ or one hundred dollais (E100.00), whichever is less. My prepayment made on other than an installment ` due date will not be credited until the next following installment due date. ~ 2. In order mare fully to protect the sAcurity of this mort~a~;e, the ~fartgagor, to~ether with, and in addi- ~ ~ tion to, the tnonthlS pa~ments under the terms of the note secured hereby, on the installment due ~iate dav of each month until the said note i~ fully paid, w-i11 pay to the ~tortgagee as trustee (under the terms of this ~ trust as hereinafter atated) the follovFing suma: . (a) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and ~ ~ psysble on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and a~ments next due on the mortgaged property (all as estimated by the ~iortgagee and af which the 111ortgagor is notified) less all sums already paid Lherefar divided b~ the number of months i to elapse before one month prior to the date w•hen suchgro und rents, precniuma, teaces, and assess- ~ ments will become delinquent, such sums to be held by Mortgagee in trust to pay said grouncl rents, premi~ma, taarea, and apecial a.4sessmenta. ~ t (h) The aggregate of the amounts psyable puis~ent to subparagraph (a) and those paysble on the note ~ ; secured hereb shall be aid in a s e a ent each month to be a lied to the followin items ! ; Y~ P ~ P 3'm ~ PP ~ ~ in the order stated: - ~ ~ (I) grnund rents, taces, assessments, fire, and other hazard insurance premiams; i (II) interest on the note secured hereby; and ~ ~ (iII) am~rtiz.~tion of the principal of said note. ~ Any deficiency in the smour~t of such ag~gregate monthlv pay-~nent ahall, unleas made good by the l~iortgagor ~j ; ~ prior L~ tbP due date of the next such payment, cor.atitute an event of default under this mortgage. At ! _ Mortgagee's opLion, Mortgagor :~•ill pay a"late charge" not eaceeding four per centum (4%) of any ~nstall- ~1 ment vrhen pa~d more than fiftcen (15) days after the due date thereof to cover the e~tra ~xgense involved ~ ~ in handling deiinq uent payments, but such "late charge" shell not be pay~ble out of the proceeds of any sale made to satisty the indebtedness secured hereby, unle~ sur.h proceeda are sufficient to discharge the entire ~ indebtedncss and ~ll proper coate nnd expeu~a secured hereby. ~ 3. If the total of ttie payments made by the ~iort~a~r under (a) of par~graph 2 preceding shall exceQd the ~ ~ amount of pasments actuall~ made by the ~lortgagee, as trustee for ground rents, taxes and a.gsessments, and ; insurance premiums, as the case ?nay be, such e~cess sh~ll be credited on subaequent payments to be made ,K . b~- the ~1ortga~or for such items or, at liort~a~*ee's option, as trustee shall bc refunded to ~fort~aror. If, °`C, ~ howe~•er, such monthl~ pa~~rnents shall not. ~be sufficient to pH~ su~h items ~•hen tt~e sarzie shall become due ~m ~ ~ and pasable, then the tlortgagor sha11 pa~ to the ~tort~;a~ee as trustP~ anv amount necessary to make up