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Home My WebLink About1082 To H~va ~xu ~e~o Ho~.n the same, to~ther with ~II ~agul~ tl~t~~p~nents, hereditaments u?d ~ppur- tenanoea thereunto beloaging or ia.~nyw~se appertsinin~ind the revers~ai i?nd revereions, cemuinJer or r~ m~indera, and A1so ~11 the estste~ ng1?t, title. tnt,eres~, homeatead~ dower ~?nd ~t, ot dower~ sepu~te eatats~ po~anion~ clsim iu?d demaad wh~teoever, ~s well in lsw as in equit,y~ of tho auid ioct.gagor in ~nd to the aame i?nd every psrt thcreof, with the ~ppurlen~?ncea oi the said htortgsgor in iu?d to the asme~ snd overy part unc~ parcel thereof unto the said Mortg~gee in tee aimple. The Mortg~?gor hereby oovenanta with the Mortga~ee. thnt he is indefessibly eeiud of said lsnd in fee aimple or auch other est,ate; J uay as is atated herein; that he hwa tull power and Isw[ul righ~ to coavo the suna a ae uforesaid; thst the land ~s lree ~rom ell encumbrancos except i?s herein otherwise recited; thst said , ortgagor will make such further aseutuncee t,o pmve the ~foresaid title to said laad in said Mort{~agee as msy be reason- ablyreq uired~ and th~t said Mortgagor doe~+ hereby fully Murant the title to said Innd~ snd every psrt thereoi~ and ~vill defend the supe againat the lawtul cl~ima ot ull pereons whomeoever. PROYIDSD ALNAY6 ~lat if the Mortgagor ehull p~y unto the Mortgsgee that certain promiasory note~ of which the foAowing ia ~ substantial coPY, = 10, 500.80 Fort Pierce , ~rids . May 3 ,1~ 66. FOA VALUF. RECBIYED~ the undersi~ned pmmise(s) to p~y to the order oi ae Adminiatrstor o[ Vetersns' ABsira, an O@'icer oi the ' ni S m c en i a ra i nuch ue such and hie or their eseigna~ the rinci al sum of ~ ~~~an~` no/~`~= - - - - - I2ollRrs (s 18, 50~. 00 with intere8t from date st the rate oi fiVe and ane-half ~r ~ncum ( S~ per annum on the un aid b~lance until paid. The said princi pal and inteirst ahi?U be a eble at the ofl'ioe oi the Losn (}usrant O~cer~ Veterans AdministnLion Begionel OR'ice, in St. ~e~ersburg,, Florida , or •t euch~ t~er 1t~ sa the hol e~ ~~~~te in writing delivered or ra~iled to tha debtor u? monthly~aa~lments ~t ~1XL~1-IOtlY 8I1~ 4~00= - - - - - - - ~ - - ~ - - - ~~Uare 64.4ZS oommoncin on the first d~y oi Jtme ~ 19 6, aad oontiauing on the n firs dsy oi each month thereatter until tbia nots is fully paid, e~~tst~st, if not adoon~ paid, tLe final papment oi principal and intereat shaU be due snd psy~ble on the y May , ls 91 • privilege ia reeerved to prepay at any time, without premium or fee, the entire indebtednesa or any part thereof not leas than the amount of one inetallment, or one hundred dollara (i100.00), whichever ie less. Any prepsyment made on other thsn sn installraent due dste will not be credited until the neat following installment due date. ' It any deficiency in the paym ent of any inatallment under this note ia not made good prior to the due date of the ne~ct auch inatsllment, the entire princapal aum snd ao~:rued interest ahall st once beoome due and psy- able ~vithout notice at tLe option of the holder of thia note. Failure to euerciee this option ahsll not conatitute ~~raiver of the right to exerciee the same in the event of sny subeequent default. In the event of defsult in the payment of thia note, and ii the asme is oollected by an attorney st l~w~ the underaigned hereby agree(s) to pay all coata of cwUection, including a reaeonablR attorneq's fee. This note is given for purchaee money oi real eatate sad ia secured by mortgage to eec~ue debt ot even d~te herewitL, given and delivered by the undersigned to psyee on c~ertsin real property described therein. Preaentment, pmtest. snd not.ice are hereby ~raived. / s / BOBBY J . CU~TO~N ' State Documentary Stamps in the $oTiT~y"~.__~~~t~__._.___~_r______________ [BEALJ amount of $15.75 attached to /s,~._LF,I~TA~_ E,~__CO~TON_____________________ ~e~,,L~ original note and canceled.= Lena E. Co9o4pton IB~ALJ . _ - I ' IBEALJ Md ahaU duly, Promptly, snd fully pertorm, diacLsrge, ezeeute, effect, complete, and oomply with and abide by each and everp ~the sWpulstions, egreements~ conditiona, and covenanta of su1~ pmmieeory note and of this mortgage, then thia mortgage end the estste hereby created shall cease and be null and vbid. The Mortgagor further covensnta ae follows: - 1. Thst he will psy the indebtedneae, as hereinbefore pmvided. Privilege ~s reserved to prepsy at my time, ~vithout.premium or fee, the entire indebtedness or any part tLereoi not lees thaa the smount of one ~natallment, or one hundred dollais (i100.00), whiahever is lees. Any prepsyment ~ade on other thaa an inatsllmeat due date will not be credited until the nezt follo~ving inatallment dua dste. 2. In order more fully to pmtect tt?e security of this mortga~e the Mortg~g~or, together with, snd in addi- tion to, the monthlp paymenta under the terms of the note eecnre~ hereby, on tbe inatallment due date day of ' each month until the ea?d note is fully paid, will pay to the Mortgagee as truetee (under the terms of thie tsuat as hereinafter ststed) the following sume: (s) A sum equal to the ground renta~ if anp, nezt~ due~ plua the premiuma thst will neat become due and paysble on policiea oi Sre and other hasard insurance covering the mor aged pr~operty, plua tsxes and aesee'sments nea~t dne on the mortgaged prop~erty (all aa estimsted~y the Mortgagee and oi wrhich the Mortgag~or is notified) lees all sums alresdy paid therefor divided bl the number of months to elspee before one month prior to the dste when auch~ground renta, premmms, tsxee, aad aesees- _ ments will beoome delinquent, such sums to be held by Mortgagee ia truet to psy said ground rents, premiums, taues, and special aeeesaments. (b) The aggregate of the amounta paysble pnrsusnt to subparagrsph (s) and thoee paysble on the note aecured hereby, shsll be paid in s single psyment each month~ to be spplie~ to the following itema in the order stste~: (I) Bround renta, tsxes, aeeeaements, fire, aad othor hasard inaurance premiums; , (II) intereat on the note secured hereby; and (III) amort~zstion of tLe principal of asid note. Any deficiency in the amount of euch aggregate monthly psyment ahsU, unleea made good bq the Mortgagor pr~~or to the due dst~ of the neat such ps~?ment constitute an event of detault ~mder thia mortgage. At Mortgsgee'a o~tion, Mortgagor wiU psy s'lste c~srge" not esceeding four per centum (4%) of any inatall- ment when pa~d more thsn fifteen (15) days dter the due date thereof ~o oover the extrs expenee involved in handling delinquent psymente, but such "lats charga" shall not beps yable out of the pe~ceede of sny asle m~de to estiafy the indebtedneas secured hereby, unlese such proceeda ate aufficient to diec6arge the entire indebtednees snd all proper ooste and e~cpenees eecused hereby. • 3. If t6e total of the pa~ymenta made by the Mortgsgur under (a) of paragraph 2 preceding ahall eaceed the ~unount ot psyments actually made by the Mortgagee, ea truatee for ground rents, taxes and asseesmenta, snd insurance premiuma, sa the case mny be, such excees shall be credited on su uent payments to be mt?de by the Mo r for such itema or~ at biortgegee'a option~ aa trustee ahalI{ ~(~de~, to Mortgsgor. If, e however, suc montWy~ payment8 ahall not be aufficient to psy such items when the same shall bec~me due and payable, then the Mortgagor shall psy to th as trus any amount neceseary to mske up - g~~~~ ~0 ~ _ _ - ~ - _ - - - - . _ _ _ - .