HomeMy WebLinkAbout1365 t~~tT~ sl~
To 8~~s ~xo ~ro Hor.a the same, to~ther~i~vM,h°~!1[~dd singal,~ ~~enetneats. herad;t~menta and ~ppu~
tenanoes thenunto beloaging o~ in anyw~se appertaiaing, ~nd the e~eve~sion and r8vecsions~ nmainder or rs-
mainden, i?nd ~leo ~?U the est~te~ right, title, ~nterest~ homeatsad, dower and right ot dower, separate estste,
pasession~ cl~im snd deaaand whsteoever, ~s weU in l~?w i?s in equity~ of tho s~id Mortg~g~ar in and to the same
utd every p~ theeeoi. with the appurten~nces of the aaid Mortgagor ia ~nd to the s+~me, snd every p~rt aa~
p~el thereot unt,o t6e eaid Mort~g~~ee in tee ~imple, .
The Mortgag~or hereby covenanta with U?e Mortgsgee, t,h~t he is indeteasibl eeised ot said l~nd in iee
aimple or auch othee estates if ~ny as ia atat~ed herein; that he has full powec and taw~ul right to oonvop ~the sarYte
ss atanasid; that the land ~s frea ~rom all encumbranca~s exoep~ as herein otherwise recited; fLa6 said Mortg~?gor
~viU m~ice auch further aesur~ncee to prove t,he doresaid t,itle to aaid land in se?id Mort{s+~gee ~s m~y be reason-
ab required, and that said Mortgsgor dces heteby tully wur~at the dtle to asid lsnd~ snd every ps?rt thereoi~ -
aa wrili defend tbe a~me against tbe bwful cl~ima of all pereons whomsoevec.
PROOIDED ALNAYS LttiC if the Mortgagor shall pay unto the Mortgsgee thst oertain promisaory note, oi
~?hich the iollowing is ~ substantisl coPY,
= 12,800.00 Fort Pierce ~ ~o~~.
May 10 , ~9 66 •
FOA VALDE RSCEIVSD the underei ed romiee(e) to pay to the order oi
Administrstor of Veterans' A~~?ire~ ~n Officer of the
United Sta?tes oi Americu~ and his auccfeeore in such otRce, such~ anci his or their assigas~ the nucip al s~urt of
TWELVE THOiUSAND EIGHT HIINDRED and n~~100- D sra (s 1~ , 8U0. 00
wit6 int,areat from d~te at tha rate oi five & oYie- ourth per centum qo) per annum aa the
u~n~p~ud balance nntil paid. 1'he said princa and int4n+at aht~ll be payable e?t the offioe of the Loan (iuuanty
O~cer, Veterans Admi.nistration Regionet ~ce, in St. PetersbutY'g, Florida . or ~t aucb
~ otLer plaoe as tbe bo design~te in w?riting delivered or m~Wed to the debtor in man~ nunta ot
Seventyand~~~~a ----------•-----~0~1.~~=7•0.69
oommencing on the first d~y oi June ~ ig od, and ooatin ' on t~he
wng e
first day oi each month thereattsr until this note is iullq paid, ce~t tLot, if not woner
paid, tL4bny payment of p pat and intee~est sh~ll be due and psyable on the _~r t dsy ot
~ , 19~~ , s ll
Priv~ege is reserved to prepsy at sny time, without premium or fee, the entire indebtedneee or any part
thereof not tees than the ao4ount of one installment~ or one huadred dollata (s100.00), whichever is leas. Any
prepayment made on other thsn an inatallment due dste aill not be credited until the next following inatallment
due date.
Ii any deficiency in the psytnent of any inatallment under thia note ia not made good prior to t~e due date
of the nezt such instsllment, the entire princapal sum and a«:rued interea6 ahall st onoe become due and ~sy-
able without notioe ati tLe opt~on of the holder of tbis note. Failure to euercise this option ahall not oonstatute
~~raiver of the right to eserciae the sune in the event oi any subeequent default. In the eveat ot defsult ia t6e
paymeat of this note, and if t6e ssme is collected by sn attorney ~?L l~w~ the undeni~ned hereby agr~ee(s) to
pay all oosts of oollection, including a reasonable attoraey'8 tee.
This note ia givea for pw~chaee money of re~l estste and is eecured by mortgago to eecure debt oi evea
date Lere~ritL, given and delivered by the underaigned to psyee on oert~?in real PnoPerty deecnbed therein.
Presentment, prot4st~ and notac~ are, herr~by waived.
State Documentary Stamps in the ~S~ _~'ES D. D~NNY . ~s
- ~ _ EALJ
amount of $19.20 attached to ~8rles D. y
original note and canceled, --l~l -~~~Q~- [s~?~] .
Hanne1ore B. Dennq
[ar~ra
[e$wL~
Aad ahall duly. Pmmptly, and fullp pertorm, diecharge, euecute, effect, camplete, and comply with aad
abide by euch and every ~the atipuletiona, agreements, conditaons, and coveasnts ot asid promiaeory note aad
of thia mortgage, then tbia mortga~e and the estate bereby crested ehell eeaee and be nuU aad void.
The Mortgagor iutther oovenante as follo~va:
1. That he wiIl pay the indebtednees, as hereinbefore gmvided. Privite~e ~s reserred ~o prepap at any tame,
without premium or fee, the eatire indebtedneas or any part thereof not lesa tLsa the smount ai one inatallmeut,
or one hundred dollara (t100.00), whichever is lees. Any pr~epsyment made on other than an installment
. due dste ~vill not ba credited uaL~ tLe nezt foUorving iuoatallmeat due date.
2. In order more fuUy to protect the eecnrity of this mortga~e t2ie Mo a~or, together wit6, aaa in sddi_
p m
tion to, the monthl psgmeate under the terma of Lhe nots aecure~ hereby,
or
n the insf~allment dne date dsy of
each month until the said note ia fully paid, will pay to the Mortgsgee as truatee (under the terms of thia
tr~st as hereinafter stated) the following sume: ~ -
(a) A sum equsl to the ground rents, if an , nezt due, plus the gremiums that will nert become due and
paysble on policies of Sre and otLer~ insarance oovering the mort~aged pm~perty, plus tsaes
ct
and assee~ments ne~ct d~e on fhe mortgaged proP~ertY (all aa estimated b t6e Mortgagee and of
. ahich the Mortgagc?r is noti5ed) lees a11 sums alreadp paid therefor divided ~~r the number ot moatLa
, to elapse betore one manth priar to t6e date when auch~gr~uad i+ente, pr+e~unma, tuea, a=id aseeas-
~ meata ~v71 beoome del~.nqueat, such auma to be Leld by Mortgagee in truet to p~y asid ground rents,
E pi+emiunos, t~u~a, and special aeeeesmeata.
- (b) The te of the emounts payoble purewnt to aubparagiti?ph (s) snd those psysble on fhe note
eecut+ed~by, shall be paid ia a sin~~ pa}rment each month, to be applied to the fol)orring items
in tbe order s~sted:
(I) 6round renta, tases, ~esesements, ~ire, and otber has~e+d insuraaoe preminma;
(II) intet+est on the note aecured hereby; aad
(III) am~urtasat~a of the priacipai ot said note. •
Any deficiency in the amount of such sggregate montWy psyment shall, unlees made good by t.he Mortgxgor
p_rior to t6e due dstb of the nest auch parycnent constitute aa event of defsult under thia mortgsg~e. At
1Vlartgagee's o~tion, Mortgagor will psy a`Lte c~arg~e" not e:oeeding four per centum (4~j'a) of any inatall-
ment when paia mure than 8rteen (l5) dsys dter the due d~te thereof to oover the ezt~ra expenee involved
in handling delinquent psyments, but such "ta
~chatg~e" 8hsll not bepa
ysble out of the proceeds of any ssle
made to satisf the indebtednees aecnred hereb , uAleae auch proceeds are su~cient to discharga tLe ent,ire
indebtednees and all proper costs aad eipenses secured hereby.
3. It ttie tote~l of the ps~ymenta made by the Mortgagor under (s) of paragraph 2 preceding ahell eiceed the
smount of payments sctually made by the Mortgagee, as trustee for ground rents, tsxea and aeseerments, and
insurance premiums, se the case msy be, snch eaoeee shsII be credited on eu e~qu~n~~ ta to be made
by tha Mortgagur for such itema or ~t Mortgsgee's optaon, ae truatee ahall b~a f+ef~id~ortgag~or. If,
ho~vever, such znonthly_ psymenta sfisll not be su~cient w pay such itema when the eame ahsil beoome due
and paysble, then the Mortgagor shall pa to the Mortgsgee aa truatee sny amount neceesary to make up
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