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Home My WebLink About1638 To Hwvs ~xu a~o HoLa tAe aame~ to~ether with ell und ainguln~ the tenements~ hereditaments and sppur- lenancea therEUnto bclonging or in. enyw~se s~pertaining, snd the reversion and reveesions, remainder or re- tnainders, and wleo all the estatc, nght~ title, ~nterast; l~mestead~ ciqw•or.and ri •ht of dower~ separnte estate~ posaesaion, claim ~u?d demand whstsoever~ as welt in law es in equity~ of the swiJ ~tortgKgor ia and to the same snd e~•er~• part thcreof, with the appurtPnances of the said ~fortgx~or in and to the same, and every paet an~ parcel tliemot unto the asid Mortgagee in fee simplo. The 11~lortgagor hereby oovenants with tho A4ortgaKee, (IINI IlC IS lA(IPiP831li~~ seized ot said tand in [ee simple or auch other estatc, d anv, as is stated hcrcin; that. he hxs [ult power and laK•tul right to convcy tho same as Rtoresaid; that the land ia lree from al! encumbrances excep~ xs liernin olherwise recited; that said 1liortgagor will make such furlher essurances to provo the aforexaid ~itle to said lsnd in seid hiort~Agec+ ss may be reason- ably required~ and that suid hiortgagor doea hernby fully v?srrant the title to sni~i Ihnd, und ~vcry part thereof~ and v?-ill defend the same againat the lawful claims of atl persons whornsoever. PROVtnsn ALw~YS that if the `iortgagor shnll p,~y unto the Mortgaf;ee that certai~ proniissory note, of which the follow ing ia s substantial copy~ to wit,: i 9, 600.00 Fort Pierce , Florids. March 18 , ~e 66 . FOR VALUE RECSIVSD~ the undersiRned promiae(s) to psy to the order of Administrator of Yeterana' AfTeira, an O1~'icer of the ted S ea of Am i?n~h ia a cce rs i uch ns such an~i hia or their assigns the n i al of ~ne ~'iausan~`~ix Hun~re~" an~ no~~0- - = - - - - -flol ~(s 9~, ~~58. with intereat imm date st the rate of f iVe & Otle-fourth per centum ( ~~oJo) per annum on the unpaid balance until psid. The said principal snd internat shell be p~yable at thg offiqe of the Loan Guarenty O~cer~ Veterans Adminiatration Regional Office, in St. Petersdurg, Florida ~ or at such other lsce ae Lhe holder ma de~?n .te in writing delivered or msiled to the debtc~r in monthl inetallmenta of Fi~ty-seven and ~3/tu0- - - - - - - - - - - - - - ~yllara(=5~7.53 commenc~ng on the lst day of Max ~ 19 b, and continuing on the first day of each month thereafter until thia note is fully paid ce t thst, if not sooner paid, tLe final payment of princi al and intereet shall be due snd psyable on the ~~rs~ dsy of April , ~9 91p. Privilege ia reeerved to prepay at any time, without premium or fee, the entire indebtedness or anp part thereof not lesa than the amount of one installment, or one hundred dollara (EI00.00)~ whichever ia less. Any prepayment mede on other th~?n an installment due date will not be credited unt il the next fnllo~ ing installment due date. ~ If any deficiency in the peym ent of any instaUment under this note is not made good prior to the due date of the next such installment~ the entire principel sum and accrued interest shxll st once become due and psy- able without notice at the option of the holder of this note. Failure to exercise this opLion shaU not constitute s waiver of the right to eaercise the same in the event of eny subsequent default. In the event~ of default in the payment of this not,e~ and if the same is coltected by an attomey at law, the undecsigned hereby agree(s) to paq al1 coste of collection, including a reasonable attorney's fee. This note ia given !or urchese money of real estste and is secured by mortgage to secure debt of even dste herewith, given and dePivered by the undersigned to payee on certain real property described therein. Presentment, protest, and notice are hetr.by waived. ~ /s/ JOEL L. ELLIS ~BEAL~ State Doctmmentary Stamps in the Joel L. Ellis amount of $11.40 attached t0 _/~~__D~~~Y_ ~ FiT.T~ _ ~gEAL~ original note and canceled. Dorothy M. Ellis IBEAL~ IBEALJ And sha11 duly, promptly, and fully perform, discharge, execute, effect, complete, and comply with and sbide by each and every the atipulations~ agreementa, conditiona, and covenants of said~ promisaory note and of this mortgage, then this mortgage and the eatate hereby created ahall ceaee and be null and void. The Mortgagor further covenants sa follows: 1. That he will pey the indebtednesa, ea hereinbefore pmvided. Privilege is reserved to prepay at any time, rvithout premium or fee, the entire indebte~ne,as or any part thereof not le.ss than the amount oi one installment, or one handred dollara (E100.00), whichever is lesa. Any prepayment made on other than an inatallment due date will not be credited until the neat following installment due dete. 2. In order more fuIly to protect the security of this mortgage, the ~fortgagor, together with, and in addi- tion to, the monthly payments under the terms of the note secured hereby, on the installment due date day of each month until the said note is fully paid, v~ill pay to the ~tortgagee as trustee (under the terma of this trust as hereinafter atated) the following sums: ~i (a) A sum equal to the grou~d rents, if any, next due, plus the gremiums that will next become due end payable on policies of fire end other hazard insurance covenng the mortgaged property, plus taxes i and esaessments next due on the mortgaged property (all sa estimated by the ~iortgagee and of ~ which the Mortgagor ia notified) less all sums already paid therefor divided bx the numher of months ; to elapse before one month prior to Lhe date when such~~ ground rents, premaums, taxes, and a~e~- i ment$ will become delinquent, such sums to be held by Mortgagee in trust to pay said ground renta, ; premiums, taxes, and apecial asseasmente. I (b) The aggregate of the amounts pnysble pursuant to aubparagraph (e) and those payable on ihe note secured hereby, shall be paid in s single psyment each mor?th, to be applied to t-he following items in the order atated: ~ (I) ground renta, taxes, aseessments, fire, and other hazerd insurance premiums; (II) interest on the note eecured hereby; and ' (III) amortization of the principal of seid note. Any deficiency in the amount of such aggregate monthiv payment shall, unless made good by the Mortgagor prior to the due daW of the ne~t such psyment, constitute an event of default under this mortgage. At Mortgagee's o~tion, Mortgagor vvill pay a"late charge" not exceeding four per centum (4°Jo) of anq install- ment wfien paid more than fifteen (15) deys a{ter the due date thereof to cover the extrs expense involved ' in handling delinquent payments, but such "tate charge" shall not be psyable out of the proceeds of any sale II made to satisfy the indebtedness secured hereby, unless such proceeds ate aufficient to d~scharge t6e entire indebtednesa and all proper costs aad expenaes secured hereby. 3. If the total of the payments made by the ~ortgagor under (a) of paragraph 2 preced~ng shall exceed the ; amount of papmenta actually made by the Mortgagee, as truatee for ground rents, taxes and assessments, and ~ insurance premiuma, as the case may be, such excesa shell be credited on subsequent pnyments to be made by the :~iort~agor for such items or, at ~lortgagee's option, as trustee shall be refunded to ~~fort~agor. If, howe~ er, such monthly pavments shall not be sufficient to pay such items when the sa~ne shall beoome due and payable, then the 14ortgagor shall pay ta tge~~i r ee as trustee any amount necsssary to meke up S~~K ~ 435 _ - _ ~ ~ .~~.r~_ _ :