HomeMy WebLinkAbout1478 TO HAVE AND'Y'O HOLD LIlC b11Y118~ t~;ether with all snd ain~ilnr the tc+nements, hereditwmenta ond sppur-
tenar»ea thereunto beloaging or in Nnywiae ~?~pert~ining~ ~?nd the reversian snd revecsiana, rem~indec or re-
tnainders, su?d nlso •all the eatate, right, title, int.ereat, hcxnc~tead, dower ~nd righ_t uf dower, seperwte eatate,
poaeeeaion, claim Rnd demand wh~teoever, as well in law as in equity, of the sui~l Mortgagor in and to the s~me
~u~d every p: ~t thcreof, with the appurtennncea of the ai?id ':liortge?gor in and to the same, snd every pert wnc~
pu~cel thereot unto the ~sid ~Iortgagee in tee aimple.
The Mortgag~or heroby covenants with the Mort{zagee, t}?Ht he is iadefee?sibly seized of asid 1~?nd in fee
simple or such other estate, if sny, sa ia atated herein; that he has full povrer and tavrtul right to convcy the same
as aforessid; that the lsnd ia free irom all encumbrsi,ces except as herein otherwise reeite~; thst. said Mortgsgor
will make such further ~eeursncea to prove the atoreseid title to asid land in si?id Mort~agee ss mav be reasot?-
sblyreq uire~:, and thet eaid Mortgagor dcpa hereby fully warrent the title to s,~id land, end every part thereof,
and will defend the eame agsinst the lewful claims at ~ll penone wfiomsoever.
Pt~oviDrn ALw~Ye thst if the Mortgagor sht~ll pay unto tbe Mortgt~ee thst certain promissory note, of
which the fullowing ia a subetsntial copy, to wit:
s 11, 500. 00 Fort Pierce , Florids .
u~ust 24 ~ 1g65 •
FOR VALUE R~CISYVSD~ the undensi ed promiee(s) to pe? to th order of 7c~~~o~x~c~~Qc
~
miniatrator of Veterans' M'eira, an Officer of the
U' A~
e~s~,a~~~u~ e ~~e~ such ffice an~i hie or their assigns, th,~ ri of
UUSA~vt~ r'IVE ~luN~~ anc~ no~~~ s- - ~ - Doll rs (E l~,
with intereet from dai~e at the rate oi five & otle-~aurth per centum ( 5~ per annum on the
un~pwid belunce until psid. The se~id principal and intPreat• Rhnll be peyable at the office o( the Losn Guaranty
OH'icer, Veterena Admimatration Regional Office in St. Pe~ersbur Florida or at such
oGher la1}c~e~ ae the holdepr~maye ~?(y~~q~~~ in writing delivered or me.iled ta the ~e~itc,r in mont!hly j'Q~at~menta of
S~1 L-EIGHT Wa~ Z~~V w ~ ~ ~ ~ ~ • w ~ ~ ~ ~~a~ ~V ~ yl
CO1riYria~ lri Ori E~18 i Y'St d~y of October , 19 , snd continuing on the
r~r~t dsy of each month thereafter until this note is fuAy paid, except thst, if not sooner
Se 'temberFB~~~ p~cipal arid intereat ehall be due and paysble on the first dsy of
p is90 .
Privilege ia reeerved to prepay at any time, without premium or fee, the eutire indehtednesa or eny part
thereof not Ires thsn t~:e amount of one installment, or one hundred dollara (~1p0.00), whichever is less. ~lnq
prepsyment made on other t~han an inetallment due date will not be credited until the next following inatellment
due date.
If any deficiency in the psym ent af any inetallment under this noLe ie nat made good prior to the due date
of the next euch inataliment, the entire principal eiam and acx:rued interest ahall st once become due and psy-
able vrithout notice at the option of the holder of thia note. Failure to eaercise thie option ahall not conetitute
s wsiver oi the right to ~xerciee the same in Lhe event oi any subsequent defsulL. In the event of default in the
psyment oi this note, and if the same ia collected b~ an attorney at law, the undereigned hereby agree(g) ta
pay all costs of collection, iuc!uding a reasonable attorney's fee.
'This note ia given for purchaae money of real eetate and iB eecured by mortgage to aecure debt of even
dste herewith, given and delivered bq the undersigned to payee an certein r~al progerty described therein.
Presentment, protest, snd not.ice sre hereby weived.
State Documentary Stamps in the J~~ ~T
($~ALJ
amount of $17.25 attached to o Lo Hart
ori inal nate and canceledo ~s_ .~~VIA HART ~eE,~Lj
g ~ylvia F~art
~BE:AL~
I$~AL~
And shall duly, promptly, and fully perform, discharge, execute, effect, complete, and comply with and
abide by each and every the stipulationa, agreements, conditions, and covenants of said~ promissory note and
of this mortgage, then this mortgage and the estate hereby created ahell ceaee and be null and void.
'i'he Mortgagor further covenants as follows:
i.'That he will pay the indebtedness, ae hereinbeiore provided. Privilege ia reserved to prepay st an~ time,
~vithout premium Qr fee, the entire indebtednesa or any part thereof not lesa than the amount of one inataltment,
or one hundred dollars (5100.OQ),~ whichever ia less. Any prepayment made on other than an insLallment
due dst~ will not be credited until th~ next following inatsllmer.t due d~te.
2. In order more fully to protect the security of thia mortgage t,he Mortgagor, together with, and in addi-
tioi~ to, th~ tnonthly paymenta under the terms of Lhe note secure~ hereby, on the mstallment due date day of
each month until the said note is fullq paid, will pay to the i~Iortgagee sa truatee (under the terms of this
trust as hereinafter steted) the following auma:
(a) A sum equal to t,he ground rents, if any, next due, plus the premi .ma that w~ill neat become due and
pay$ble on policiea of fire and oLher haaard insurance covenng the mortgaged property, plua taxes
and asse~amenta next dua on the mortgaged property (all as estimated by t~e Mortgagee and o~
which the 1~lortgegor ia notified) less all sumg already paid therefor divided b~ the number of montha
to elapee before one month prior to the date w hen such~ground renta, prenuuma, tazes, and assess-
ment$ will become delinquent, such suma to be held by Martgagee in Lrust to pa~ said ground rente,
premiums, taxea, and special ass~a~sments.
(h) The aggregate of the amounta payable purauant to subparagraph (a) and those payable on the note
secured hereby, shall be paici in s eingle payment each rnonth, ta 1>e applied to the following itema
~ in the order atated:
(I) ground renta, taxe~, aeeesaments, fire, and other ha~ard ineuranee premiums;
(II) interest on the note aecured hereby; und
(III) a~ortazataon of fi,he principal of said uote.
Any deficzency in the amount of such aggregate monthlo payment ahall, unlesa made good by the Mortgsgor
prior to the due date of the neat auoh pdyrnent, r,onstitute an event of defaulL under this mortgnge. At
IViortgagee's o~tion, ~iortgagor will pay a"late charge" nc+t exceeding four per centum (4%) of any inatall- ~
ment when pa~d more than fifteen (15,1 deys after the due date thereef to cover the extra expense involvsd
in handling delinquent payments, but such "li?te charge" shall not be payable ost of the proceeda of any sale ~
made to aatisfy the indehtedneas securetl hereby, unless such proceeda are eufficient to dischurge the entire '
indebtednesa snd all ~rroper costs snd expenaes secured hereby. '
3. If tne Lotal of the pa~ ments made bv the 41ort~;agor under (a) of pRra~,?raph 2 prer,edin~ shall eaceed the ~
aniount of pa3ments actu~lly tnade bv the~V[ort~a~ee, as truatee for gcound rents, taxes and asses~menta, and 14'7 '
insurance premiums, as the case mAy be, such excess ahall be credit,ed on subsequent payments to be made "-t
by the ~iortga~or for such ite?ils or, at ~Iortg~gee's option, a.g trustee shall be refunded tv :blortaagor. If, ~
how•e~'er, such rr~onthlt~ pa~iuents shall not be.sufficient to pay such iterns when the same shall become due ;
and pa~ebl~, then the ~iort~agor shalt pa~• to the ~tort~a~ee as trustee any amount necessary to make up