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Home My WebLink About0665 . ~ :r , ~ ~ TO HAVE AND TO HOLD ~}i~ SltinR~ t~ether with all ~?nd singul~~ the tenementa, hereditaments and ~ppur- tenanoea thereunto belonging or in unyvr~.se sppertaining, i?nd the-revecaion e?nd revecsiona~ remainder or re- ' msindera, and ~lao all the estatc, right~ ~itle~ ~nterest~ homestead~ dower i?rtd righ~t ot dower, aepsrate estate, ~f posseaaion, claim ~?nd demand whsteoever~ as well ia law as in equity~ of tho sRiJ Mortgagor in snd to the sai!~ee and every part ther+eof~ with the sppurtennnces of the 8aid Mortgagor in and to the asme, nnd every part ~n~ ! psrcel l.hereot unto the a~id Mortgegee in tee aimple. The Mortgagor hereby oovenants with the Mortgsgee~ ~het he is indefesaibly seiaed oi said lend in fee aimple or such other eatate~ iI any es ia atated herein; that he has tull porver and lawtu! right Lo oonvcp ~the sama as aforassid; thet the laad is iree ~rom all encurrnbranoca except as herein otherwise recit,ed; thst asid Mortgagor will mske such further aesur~ncea to pmve the atoresaid title to asid land in asid Mortgagoe as insy be resson- ' sblyrequired, end thst ae?id Mortgagor does hereby fully wartant the title to said land~ and every part thereot, and w?ill defend the s~?me against the lawtul cleima oi all pereone whomsoever. PxovtDSn Aa~v~Ye thst it the Mortgsgor shull psy unto the Mortgagee thst certsin promissory note, of ~ which the foAowing is s aubetaatial copy, to wit: i i 4,000.00 Fort Pierce ~ Fiorida. ; March 7 .19 66 • ~ ~ FOH VALIIS RECEIYI4D~ the undersiRned promiae(s) to pay to the order ot ~ Administrator of Veterans' AHairs, an Officer of tha United 3tat~ oi America, and his succeeeors in auch oftice, us such~ and hie or their aesigns, th p ~ oi ; FOUR THOUSAND and no~l~~- - - - - - - - - - - - ~ re ~+,~`~.0~` ~ ~ with interest from date at the rate o Ve & 011E-fourth per centum ~Jo) per Rnnum on the ~ u~n~paid b~lance until psid. The said princi s14nd intereat ah be ay~ ble st ffi the Loan (3uarsnty ~ O~cer, Veterens Administra~,ion Itegional ~ce~ in St. ~ete~Sburg,~~o ~~a ~ or at such i other place ae the holder msy d ~te in writing delivered or rasiled to the debtor in monthl instmllments ot Ztaenty-five and no~ - - - - - - - - • • - - - - ~'S.00 oommencing~ on the 7th dsy oi April ~ 196 , and oontiauing on the 7th day of each month theresfter untel th~a note is f~illy paid~ ezcept th~t, if not eooner paid, the fin~l syment of p al and_ int,erest shall be due snd p~?ysble on the 7 th d~y oi Marctpi , ~9 ~ Privil ia reeerved to prepay at eny time, without premium or fee, the entire indebtednesa or any p~rt rt thereof not ees than the smount of one inatallment, or one hundred dollars (=100.00), whichever ia lesa. Any ~ prepayment msde on other than an inatallment due dste will not be credit,ed until the next following inatallment , due date. ~ If any deficiency in the pa~n ent of any inatsllment under this note is not made good prior to the due dste of the next such instatlment, the entire principal sum aud ac~;rued intereet shall at once become due and ~sy- able witheut notice et the option of the holder of thie note. Failure to exerciae thia option ahall not oow.~:tute • waiver of the right to exercise the same in the event oi any subaequent default. In t,he event of defaulL in the payment of this note, and if the same ia collected by sn sttorney at tsw, the underaigned hereby agree(e) Lo pay all costs of oollection, inclacling a reasonable attorney's fee. This note is given for purehaee money of real estate and is seeured by mortgage to aecure debt of even dste herewith~ given and delivered by the undersigned to psyee on certsin real property deecnbed therein. Presentment, protest, ar?d noti~e sre herPby waived. ~ , /s/ LEwiS RICE ~ State Documentary Stamps in [s~~L] . the amount of $6.00 attached to Lewis Rice L~1---.~.~&x__1~4~ tBE~~ original note and canceled. Daisy Rice [ss~~.J IBEALJ Aud shaU duly, promptly, and tully perforn?, discharge, execute, ettect, co~mplete, and comply with and sbide by each and every tbe at~pulations, agreements~ conditions, and covenants of eaid~pmmieeory note and of thia mortgage, then this mortgage and the eatate hereby created ehalt ceaee and be aull snd void. The Mortgagor further covenants as follows: 1. That he vvill pay the indebt~ednees, as he~einbefore pmvided. Ptivilege is reeerved to prep,y at aa~p t~ime, ; withoat premium or fe8, the entire indebtedneas or any part thereof not less than the smount of one instsllment, or one hundred dollara (i100.00), whichever is less. Any prepayment made on otber thm •an inatallment due dste will not be credited until the nea~t following installment due dste. 2. In order more fully to protect the security of this mortgage, tbe Mortqa~or~ together with, and in addi- tion Lo, the monthl paymenta under the terma of the note seeured hereby, on t~e installment due date day of s ' each month until t e eaid note is fully paid, will pay W the ~iortgagee as trustee (under the terme of thie f truat as hereinafter atated) the following sums: (a) A aum equal to the ground rents, if anp~ neat due~ plus the premiums thst will neut beoome due and ' payable on policies of fire snd other hazsrd insurance covenng the mortgaged property, plua tszee ~ ; snd saeeesmen~s next due on the mortgaged property (sll aa estimated b~y the Mort~sgee and of ' which the Mortgsgor ia notified) leas all sums already pa~d therefor divided b~ t~e number of montLs ~ to etapee before one month prior to Lhe date when such~ground rente, premiums, taxes, aad aseess- ; menta will beoome delinquent, such suma to be held by Mortgagee in truat to psy said ground rents, premiume, tsxes, and epecial aseesamente. (b) The aggregate of the amounta payable pursuant to subparsgraph (s) and thoee psysble on the note ' secured hereby, shall be paid in a single psytnent each month, to be applied to the following items : in the order stated: % (I) ground rente, taxee, aeeessmente, Sre, and other hasard inaurance premiums? s ; (II) intereat on the note secured hereby; aud ~ (III) amortizstion oi the principai oi aaid note. r Any deficiency in the smount of such aggregate monthly psyment ahalt, untess msde good by the Mortgagor : pnor to t6e due daW of the nett such paryrnent, conatitute an event of default under this mortgnge. At = Morlgagee'a option, Mortgagor will paq a`late charge" not eaceeding four per centum (4%) of any mataU- ~ ment wfien paid more than Siteen (15) daya sfter the due date thereof to cover the extn e~cpenee involved in handling detinquent payments, but sucb "Lte charge" shal! not be paysble out of the proceeds of any asle ~ made to astisfy the indebtedness secured hereby, nnle~s auch proceeda ate sufficient to discharge tLe entire indebtedneae and sll prnper coete snd eapenaea eecured hereby. ~ 3. If the total of the paqments made by the Mortgagor under (a) of paragraph 2 preceding ahall exceed the amount of payments actually made by the Mortgagee, as truateE for ground rents, taxea and aeaeesmente, aQd insurence prem~ums, ae the case msy be, euch exce8e ahall be credited on subseQuent payments to be made by the Mortgagor for auch itema or, at Mortgegee'e option, ae trustee shall be refunded to Mott~agor. If however, auch monthly paymenta ahall not be su~cient to pay auch itema when the same ahall beoome due ~ and payable, then the ;Viortgagor ahall psy W the Mortgagee as trustee aay amount aecesasry to make up BoaK 140 . . 6~ ~ ~ K . - - - _ ~