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Home My WebLink About0356 _ - - . . TO HAVE AND TO HOLD WIC SAIYlO~ to~ether with aU end ain~ut~r the tenementa, hereditaments and sppur- ten4nc+ea thereunlo belonging or in snyw7se aQpertaining, snd the reve~ion and reveraiona~ remainder or re- ~nainders, and Aleo sll the eatate, righL, title, ~ntereai,, homestead, dowe~ and ri ht ut dower, separwce estate, poescssion~ claim nnd demand whstsoever, a8 welt iA law as in equity~ of tho sAiJ ~ortgagor ib and t,o the samed ~?nd overy pwrt thereof, with the sppurtenances oi the aaid Mortgagor in and to the samo~ and overy part an ps?rcel thereot unto the ssid Mortgagee in tee simple. The Mortgagor hereby covenants with ~he Mortgagee, that he is indefessibtv seized of said land in fee simpte or such other estate~ iI any as is stated herein; that he h,is full power and law~~~l right to convoy ~the same as eforeaaid; that the lsnd is iree ~rom r?U enaumbrances except ss hereir? o~herwise recited; that said Viortgsgor will make auch further e~esurances to pmve the ~foreaaid title to said laad in seid Mortgagee sa may be reeson- sblyrequired, snd that ssid Mortgagor doea heteby fully warr~nt the title to said land, snd evocy part thercwf, and wi!! defend the same against the lawful clsima of all persons whomeoever. Paov~nsa ALwwYS ths~ it the Mortgagor shnll pay unto the Mortgagee that cert,ein promissory note~ oi which the following is s aubstantisl copy, to wit: = 7, 250. 00 Fort Pierce , Florida , April 19 ~ 1966 • FOR VALUA ABCElVED the undersi ed romise e to psy to the order of ~ Adminis~rator of Yeterans' Affaira~ an OHicer of the United 3t e~ oi Ameri n and hi au i~ h office suc his or their uesi s Lh ul sum of Seven tT~iousan~'~io I~ini`~ ec~ ~~~ty anc~no~1~- - - -D~ ~'(s ~~~'•00 with intereat from dste st the rste of ~ive At1d otle-fOtlr'thper centum oJo) per annum on the unpsid bal~,nce until paid. T'~?e esid priacip e~l and interest ah~?11 bg psyable st the offi of h Loan Guarant O~cer, Veterans Adaunietration Regional O~ce~ in St. Yetersburg, F~or~.c~a , or st such~ other place as the holder ms ste ia writing delivered or msiled Lo the debtor in mont y i tallmenta of Forty-three and 45~~10~- - - - - - - - - - - - - ~u,~, ~~3.~+5 ) oommancing on the fir8t day of Jtule ~ 19 6, sna continuiug on the fir8t day of esch month thereatter until this note ia fully psid, ce t that, if not eooner paid, t6e finsl payment of pri.ncipal and interest shall be due and psyable oa the ~r~t dsy of Ma , ~991 . Privil~cge is reeerved to prepsy at any time, without preinium or fee, the entire indebtedness or any part t+~eie~f n~t 1~ th~ Lha ~ssount of one instrl!:nanL. or Qn~ h~_..~d~ ~~11_Rr?. ~31nn.nn), whichever is lesa. Anp prepayment made on other thun an installment due date will not be ctedited until the nexc following inatatlment due dste. If eny de6ciency in the peyment of any inetaliment under this note is not made good prior to the due date of Lhe neut auch installment, the entire pri~c~pal sum and au:rued interea6 s6sll at once become due aad psy- able ~rithout notice at the option of the holder of this note. Failure to eacercise thia option ahell not constitute a wsiver of the right to exemise the same in the event of sny subaequent defautt. In the event ot defetilt in the psqment of this note, and ii the ssme is oollectetl by an attornep at law, Lhe undersigned hereby*agree(s) to psy all co~ta of collection, including s reasoneble sttorney'e fee. This note ia given for purchaee money of real estate snd is eecured by mortgage to eecure debt of even date herewith, given and delivered by the underaigned to psyee on certsin reai prope~~y described therein. P~reeentment, protest~, and notiee are hemby waive~. State Documentary Stamps in the ~s~ Iv~ T~ lBEAL~ van ~ibney amount of $10.95 attached to /s/ ~ B. ABNEY _ _ ~BS~L~ original note and canceled. A1ma~B: ~4liriey~~-~-' IBEAL~ IBEAL~ And sbaU duly, promptly, and fully pertorm, diecharge, execute~ eRect, complete, and comply with and abide by each and every ~the atipulations, agreemente~ condit~ons, and covenante oi aud~ pmmiseory note aad of this mortgage, the4i this mortgage and the estate hereby crested shall ceaee end be null e~nd void. The Mortgagor further covenant8 aa follows: 1. That he will pay the indebtedneas, as hereinbefore pmvided. Privilege ia reeerved to prepsy at an~r time, ~vit~out premium or fee, the entire indebtednees or any part thereof not less than the amount of one inatallment, or one hundred dollars (t100.00), whichever is lesa. Any p~repayment made on ot~er than an instaliment due date will not be credited until the next foltowing installment due date. 2. In order more fully to protecL the eecurity of Lhis mortgage, the Mortga~c~r, together with, and in addi- tion to, the monthly payments under the terma of the note eecured hereby, on t1~e installment due date dny of each month until the esid note ia fully paid, will pay to the Mortgagee as truat,~e (under t6e terma of thia trust as hereinafter stated) the following sume: ' (a) A sum equal to the gronnd rents~ if any, neact due, plus the premiums that will next become due snd payable on policiea of Sre sad other hazard inautance coveruig the mortgaged property~ plus taxes f and asseeementa neat due on the mortgaged prope~rty (a11 aa estimated by the Mortgsgee and of , which the Mortgagor is notified) leeu sll sums alresdy paid Lherefor divided b~ Lhe number of months ; to elapse beforE one montL prior to the dste when euch~ground rents, premiums, Laaea, and eesees- ~ ments will become delinquent, auch suma to be held by Mortgagee in truat to pay said ground rents, 6 premiums, taaea, and apecial saeesaments. (b) The aggregate of the amounta psysble purauant to subparagreph ~s) and those payable on Lhe note - aecared hereby, shall be peid in s aingle payment esch month, to be applied to the following itema in the order stated: ; (I) Brn~nd rents~ taxee, aeeessmente, fire, and other hszard inaurance premiunis; ~ (II) interest on the note secured hereby; tnd : (III) amortizataon of We principal of said note. ' Any deficiency in the amount of such aggregate monthly payment ahsll~ unless made good by the Mortgagor ' ' Pr~ior to the due date of the next, such psyment, constitute an event oi default under this mortgnge. At ~ Mortgagee's option~ Mortgagor will pey a"late charge" not eaceeding four per centum (4%) of any install- ment when paid more than f(tcen (15) days after the due dste theteof to cover the extra expenae ~nvolved in handling delinquent payments~ but such "lste charge" shall not be payabla out of the proceeds of sny sale made to astisty the indebtednese secured hereby, unlesa snch proceeds are sufficient to diacharge the entire i indebtedness snd all pmper cu~te and eapensea secured hereby. ~ 3. If the total of the papments made bq the Mortgagor under (a) of paragraph 2 preceding shall eaceed the ; amount of paymenta actuauy made by the ~iortgagee, es trustee for ground renta, taxes and agsea~mente~ and ; inaurance premiums, aa the case may be, such excees shall be credited on subseque:.; paymenta to be msde by the Mortgagor for such iteme or, at Mortgagee's option, as trustee ahall be refunded to Mort,;agor. If, i r ~ tIOW@VQT~ SUCh monthly~ payments ahall not be sut~cient to psy auch items when the same shatl beoome dae, i and payable, ti~en the Mortgagor shau pay to the Mortgagee as trustee +~ny amonnt neceseary to rrlslQe pp' ~ - aao~~ 43 ~ ~ u~- ~ _ ~w~ .,-Y. ~ V~ ~