HomeMy WebLinkAbout1879 Tu HAVF: AND 7't) FIl)LD LFIP 9A[TIP, to~tt?er N'I~II 8II Alll~ 41I1~UIR~ Lt1P L(`Ilf'fI1011L.9~ hPreciitamrnts and a~>pur-
trnaii~~s thereunto belan~ing ur in anyN~ise a4>pertnining, and th~~ revenion attd re~~c~rsic>ns, reinain~l~r ur re-
~n~indera, and xlso all the ~~tate, right, title, ?ntereat, hume~trad, ~lowrr Mnd ri}?,h< <~f dow~t~r, ~[~Hr~te estate,
posscssion, claim e?nd ciemnnd whatsoever, aa w~ell in law es in equity, ot th~• sai~l lliurt.ge~gor in ancl tu the same,
and e~•er}• p~rt th~muf, with the nppurtenances ut the ssi~l 11c~rt~a~ur in and t~~ the same, f?nd ~~very part xnd
pamel thereof unto the aeid Mortg~er in fee simple.
The :~iortge~or hereby covenants with the \tort~a~ee, ti?nt he is indefeasiblv :~~~ized of said land in fee
simple or such other estate, if bn~~, as is steted herein; that lie hri.g full power and Inw~ul ri~ht ta coi?ve y• thE: same
as wforesaid; that the land is free from all encumbrances except. xg herein otherwise recited; that said,lortgagor
will make surh further assurances to prove the aforeseid title to seid land in snid ~tort~agce as ma~ be re~son-
~bly required, and that said'.11ort~af;or :loes hereby full~ warrant the title to s~id lxnd, an~l e~cry pert thereof,
snd w~ill detend the same a~ainst the lawful claime of all persans whoms~oever.
PROVIDED ALWAYS ~~19t lf L~le ~iort~a~;or shall pay unto the :~1ort~af;ee tliat certain promi~.gor~~ note, of
which the follow ing is a aubstantiel cop~•, to wit:
3 7,OU0.00 Fort Pierce , Florida.
November 2 ~ 19 65 •
FOR VALUF: REC~IVF.D the underai ed romise s to a to the orcier of %{xxxxxxxxXxx~cxxxxxxx
xxxxx~xx~cXxx~cXx~tx~cxXxx~xX~xxxxx ~~mini~trator of ~'eterans' Aft'nirs, an Offieer of the
LTnit . ~t~at f ~ A' andh no~ e rs ~n si~~h offtce as such an~l his or their assigns, the principsl sum of
s~EN ~O~S~`A~~ ~~1~- - - - - - - - - - -D H~ 7 , 000 . 00
with interest irom date at ~he rate aif 1V2 Snd oT1E-fo»rth per centum °Jo) per annum on ttre
un_paid balance until paid. The said principal and inter~st shxll bc~ payable at tht; offi~~e of the LoRn Guarxnty
Of~'icer, Veterana Administration Regional nffice, in St . Petersburg, Florida , or at sueh
other place as the holder ma deai$nate in w-riting delivered or mailed to the ctebt~r, in tnanthly i st 1 ments of
Forty-one and 9~~100 s- - - - - ~ - - - - - - - - ~olla~ 4~.~
commencmg on t~he St da,y of December , 19 , and cuntinuing on the
lst day of each month thereafter until this note is fully paid, exr,ept that., if not gooner
paid, the final payment of principal and intcrest shall be due and peyable on the lSt day of
November ,~9 9U
Privile~e is rea~rved to prepav at any time, wlthout premium or feP, tlie ent.ire indebtedness or any part
Lhereof nat less than the amount of ane installment, or one hundred dollars (ffi100.~0), whichever is less. Anq
prepayment made on other thRn an installment due date will not be credited until the next follow•in~ installment
due date.
If any deficiency in the pay~ment of any installment under this note is not made goacl prior to the due date
of the next such installment, the entire principal sum and accrued ;nterest shali at once 6ecome due and pey-
able without notice at the option of the holder of this note. Failure to exercisE this option ahall not constitute
a weiver of the right to exercise the same in the event of any subsequent default. In the event. of default in t.he
payment of this note, and if the same is collected by an attorney at law, the underaigned hereby agree(s) to
psy sll costs of collection, including s reasonable attorney's fee.
This note is given for purchase money of real eatat,e and ia secured by mortgage to aecure debt of even
~iate herewith, given and delivered by the undersigned to payee on certain real property described therein.
Presentment, protest, and notice are hereby waived.
State Documentary Stamps in the ~s/ PAUL E• BLACKMA.N__ ~gF,AL~
amount of $10. SO atyached to PauT~-E ~--Blaclcmari---~~~~
HAZEL I._ BLACKMAN------------ [se.,L)
ori inal note and canceled.
g J~s j~~Hazel~~~-. B~.ackman
- ~8F.AL~
~BEAL~
And shall duly, promptlti~, anc~ fully perform, discharge, execute, effeci, complete, and cornply w•ith and
abide by each and e~ery the stipulations, agreements, conditions, end covenants of said promissory note and
of this mortgege, then thia mortgage and the eatate hereby created shall cease and be null and void.
The l~~ortgagor further covenants as follows:
1. That he ~~ill pay the indebtedness, sa hereinbefore provided. Privilege is reserved to prepay at anv time,
without premium or fee, the entire indebtednesa or any part thzreof not less than the amount of one insta~lment,
or one hundred dollara ($100.00}, whichever is less. Any prepeyment made ~n other than an installment
due date will not be credited until the next following instellrnent due dat~.
2. In order more fully to protect tlie security of this mort~a~e, the'~fort~a~or, to~ether with, and in addi-
tion to, tl~e ~iionthly ~ayments under the terms of the note secured hereb~~, on ttie installment due date dap of
~KCh iuonth until the said note is fu11~- paid, will pay to the ~tortgH~ee as trustee (under the terms of thie
trust as hereinafter stated) the following sums:
(a) A sum equal ta the ground rents, if any, next due, plus the premiums that will nExt become due and
pay able on policies of fire and other hazard insurance cover~ng ihe mortgaged property, plus taxes
snd asseasments next due on ~he mortgaged properGy (all as estimated by the 4lartgagee and of
which tha ~'Iortgsgor ie notified) less all sums already paid therefor divided by the number of months
to elapae beiore one month prior tq the date ~ hen such~ ground renLs, precniuma, taxes, Bnd assess-
ments w ill become delinquent, such eums to be held by Mortgagee in trust to pay said ground renta,
premiurns, taxes, an~d apecigl assessments.
(b) The aggregate of the emounts psyable pursuant to subparagraph and those payable on the note
se~ured tiereb}•, shall be paid in a single payment each month, to be appiied to the follow•ing items
in the order atated:
(I) ground rents, ta3ces, asaessments, fire, and other ha.zard insurance premiums;
(II) interest on the note secured hereby; and
(III) amortization of the principal of said ~ote.
Any deficiency in the. amount of such aggregate monthly pay~ment shall, unless made good by the :~iortgagor
prior to the due date of the nest such payment, constitute an ecent of default under this mortgxge. At
l~Tortgagee's optian, b'Cortgagor K~ill pay a"late charge" not exceeding four per centum (4%) of anp instnll-
ment when paid more than fifteen (15) days after Ghe due date thereof to cover the extra expense involved
in handling delinquent payments, but such "late charge" shsll , ot be payable out of Lhe proceeds of any sale
rnade to satiafy the indebtedness aecured hereby, unless such proceede are eu~cient to discharge the entire
indebtedneas and all proper coste ~nd expen$es secured hereby.
3. If the total of the pavments made bv the ~iortgagor under (a) of parngraph ? preceding shall exceed the
amount of pa3ments actuallv made 6~ the~Llort~a~ee, as trustPe for ground rents, taxes and assessments, end
insurance pren~iuma, ae the case ma~ be, such escess ahall be credited on subsequent payments to be made
b~ the ~tortga~or for such ite?ns or. st ~iortga~ee's option, a.g trtistee shali be refunded to ~iort~agvr. If,
havre~~er, such n~onthl~- pa~rnents shall not be sufficient t~ pa~ such iterns when the same shall become dus
and pa`~able, then the ~lort~e~or shall I~a~- to the ~fort~;agee ns tru9tee ~r.y amount ~ ecessary to ~ e up
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