HomeMy WebLinkAbout2327 To I-I~vt: ~xn ~ tior.n the same, toRelher v?•ith ali Rnd sinKt~l~r the tenemPnts, heredit~rn~ents snd eppur-
trnances therE:untu bclonging or in anyw•i~ a~pertainin~, xn~i the re~er3ion and revecsiorr, rPplairtder ot rti
cnairtders, and also all tht~ Pstate, rig}tt, title, ~nterrat, homNStead, dower ~nd ri ?ht uf dc~w•er, ~parNt,r estate,
pc~e~xion, claim and demand wh~tsc~ever, us well in law a~ in equily, of thc sai~l ~tortgagor in and tu ~he sarne
and e~•er~~ p~?rt tLrrec~(, with the app~~rtenxnci~s of the sai~! :~tart~~or in ~nd to the asiue, F?nd every pxrt ~nc~
parcel therNOf unto the aaid Mortgr~ee in fee sirnple.
The :~iort~agor hereby covenant~q with the Mort~a~rt~, thxt he ie inclefe~gibtv aeizeci of said land in fee
simple or surh other estat,e, ~f ~r?y, a.~ is stated herein; that hE hr?.v tull power and law~ul ri~~?t to concev t}?e s~me
as aforesaid; t}iat the land ia free from all enc•umbrenccs except Hs he~ein otherwise: recited; that said ~Tortge~;or
will maka such furl,her asaure?ncc~s to prov~ the aforesaid titl<~ to said land in ar?i~l 1'iort~t~ee as mav be reagon-
ably rey uired, gnd thst said 111ortgagor dcx~s hereby fully warrant the title to said lxnd, and every part ttiertof,
a,nd a-ill ~lefend the seme a~*ainst the law~ful clairns of all peraons whomsoever.
PxovtnEn A~,w.~Ye that if the ~iortgn~or s}iall pay unto the Mortg~~ee that cert~in F~romisgory note, of
which the foilowing is a aubatantiat copy, to wit:
a 10, 300.00 Fort Pierce , Florid~a.
Februar~ 16 , 19 65 •
Fott Vni,t1F: RF.CF:IVED~ the uncienai~ned promise(s) to pay to the order of
x~7~ Administrxtor of Veterans' Affairs, an Officer of the
United States of Americw, and his succ'P3801'3 lri 911CI1 O~1CP, R.4 SI1C~1, xnd iiis or t}ieir a.gsigns, the principal sum of
TEN THOUSAND THREE HtTNDg~ p AND NO,r'1p 0--------------Dotlers (S+ ],g, 300.00
with intereat from date at the rate of flve & one-fOUrth per ccnlurn ( 5'~ ~J'o) per annum on the,
unp aid balance unLil paid. The :~aid princip~l and intereat. shall be payable et the office of the I.uan Guarant ~
Officer, Veterens Administration Regional Office, in St. petersburg Florid~ , or at sur.~
other place as the holder me~y designate in writing delivered or m~iled to t~~ debt,or in monthly inst~ltments of
Sixty-one and 73/100--------------------------~____~ollars 61.73
commenoing on the fisst dav of Ap~ i1 , I9 65, end continuing on the
first day of each month theresfter uittil t~iis note is fully paid, except that, if not sooner
paid, the final payment of principai and interest shall be due end payNbte on the ~~5~ day ot
March , 1990 .
Privilege is reserved to prepay at any time, without premium or fee, the entire indebtednea~ or any parL
t!?ereof not lesa than the amount of one installment, or onc hundred dollars ($100.00), whichever is less. Any
prepayment made on other thsn an instaltmenL ci~~e date wilt not be credited until the next foitowing installment
due dat.e.
If sny deficiency in the ~syment ~f any installment under this note is not made gooci prior tq the du~ d~te
of the next euch installment, the entir~ princigal sum and accrued intereat shall at once become duE and pay-
able without noLice at the option of the holder of this note. Failure to exercise this option ahall not constitute
a weiver of the right to exercise t.he same in the event of any subsequent defsult. In the event of defsult in the
payment of this note, and if the same is collected by an attorney at law, the undersigned hereby agree(s) to
pay all costs of collection, including a reasonable attorney'~ fee.
This note is given far purchsse money of real estate and ia secured by mortgnge to secure debt of eve~
date herewith, given and delivered by the undersigned to pay ee on certsin real property described therein.
Preaentment, pmtest, nnd noti~e sre hereby waived.
($15.45 State documentary
stamp~ attached to ariginal s/ FLORIDA WILSON MOBI~EY__ ~g~,~~,~
note ~nd cancelled) ~'lorida Wilson Mobley
S~--W1'LLIE_ D.___MOBLEY---- [s~.~LJ
Willie D. Mobley
~BF.AL~
lBEAI,~
And shall duly~, promptl~, and fully perform, diacharge, execute, effect, complete, and comply w•ith and
abide bq ~ach and every the stipulations, agreements, conditions, and covenants of seid~promissory note and
of this mortgage, then this mortgage ~nd the eatate hereby crested shall cease and be null and void.
The Mortgagor further covenants as follows:
1. That he w-ill pay the indebtednesa, as hereinbefore provided. Privilege is reserved to prep~,y at any time,
without premium or fee, the entire indebtednexa or anv part thareof not less than the amount of one installment, ;
or one hundred dollara ~3100.00), whichever ia lesa. Any prePavment made on other than an inatellmenL
due date will not be credited until the next following installment due dst~.
2. In order more fully to protect the security of thig mortgage, the ~~ortgagor, together with, and in addi-
tion to, the monthly payments under the terms of the note secured hereby, on the installment due date day of
eRCh month until the said note is fully pgid, wiIl pay to the :~iortgagee as truatee (under the terme of this
truat e?s hereinafter etated) the following sums:
(a) A sum equal to the ground rents, if any, next due, plus the premiums that will nezt become due and
payable on policieg of fire and ather hazard insurance coyering the mortgaged property, plus tazea
and asaesaxnents next due on the mortgaged roperty (ell as estimated by the M~rtgagee and of
which the Mortgagor ie natified) less all sums aPready paid therefor divided b~ the number of months
to elspse before one munth prior to the date x hen suchgr ound rents, premiums, ta.qes, and aesesa-
ments w•ill became delinquent, such sums to be held by 4lortgagee in trust ~,o pay said ground rents,
premiums, tsxes, and special aasessments.
(h) The ag~re ate of the amounts payable pursuant Lo subparagraph (a) and those payable on the note
secured ~ereby, shal] be paid in a single pay~nent each month, t,o be applied to the follow-ing itema
in the order stated: r
(I) ground renla, taxes, asxessments, fire, end other hazerd insurance gremiums;
(II) intereat o~ the note aecured hereby; and
(III) amortization of the prinaipal of said note.
Any deficiency in the amount of such aggregate rr?onthl~ pay-ment ahall, unlesa made good by the Mortgagor ;
prior te~ the due ~ate of the nest such payment, canstitute an event of default under this mortgr~ge. At
Mortg ee's o~tion, Mortgagor K~ill pay ~"late charge" not exceeding four per centum (4~'0) of any inatall- ~
ment w~en paid more than fifLeen (15) dsys after the due date thereof to cover the extra expense involved
in handling detinquent payments, but sur.h "late cher~e" shsll not ba payable ou+~ af the proceeds of any sale
made to satisfy the indebtedness secured here~y, unless such proceeds are sufficient to discharge the entire
indebtedness and all proper coeta and expenaea secured hereby.
3. ~f the total of the payrnenta macle by ihe :~'Iortgagror under (a) of paragraph 2 precedin~ sh~il eaceed the
aniount of pa~ments actuallv made by the ~fortgagee, as trustae for ground renta, texes and ageesemente, and
insurance premiuma, ae the~case may be, such excese ahall bd credited on subseqLent payments to be made
• ' by t~~e ~fortga,gor for such itema or, at ~forigagee's option, as truytee shall be refunded to ~'Iort~agor. If,
' 1YOwe~•er, such monthlv pavments shall rzot be sufficient to pay such items when the same shall become due
~~~a Paya~le, thep thP ~lortga~or s}iall psti to t;~e \fort~agee as trustee anv arnouat ner,esear~ to make up
. R!~ i tf i 1~~ BO~t~ ~t~`t ~1~~