HomeMy WebLinkAbout0345 To Hs~?s ~xn ro 8ot.n tbe same,l~o~~her with ~11 ~nd singulu! the ieaements~ hersdtt~meats snd ~ppur-
tenances thereunt,o belot~gia~ oe aQa~u~~a?d t.he tp~c+yion ~nd reveesions, rem~inde~ or re-
maiaden, ~nd. ~w sll tLe est~te~ , uue~ i estead~ d~ite~ ~u?d ot dowec~ aepu~t,e eatat,e~
po~session~ claim ~nd demaud w?h~taoever, ~s well in law a~ u? equity~ oi the s~iJ o~gor in and to the sa~ae
aad evecy p~ thereof, with t~he ~ppurten~nces ot t~?e s~id Mortgagor in wd to the same, u?d every part nnd
p~roel thereot unt,o the a~id Mortg~ges tn tee ampk.
191s Mortgag~or Lerebv ooveaanb with tbe Mor~~ th~t he » inde(eaeibly seised oi said lsnd in fes
ainaple ar wah other at~?~e; if any as is stat~ed herein; ihs~ has full power and l~wtul r~'
h~ to oonvay ~fd?e sun?e
as doressid; tbat the lt~nd» tree ~mm all encumbranoos exoept ~s hecein oLhetwiee recited; tbat said Mortgagor
wiU make such further s~swxnces to prove Lbe doresaid titW to eaid laad in said Mortgsg~ee as mny be reawn-
~req uiR+ed, ~nd fbat ~aid Moetgag~or does hereb~ t~y Mrurant ths t~tle to ssid lund, ~nd avery part ehe~eot~
and ~riU dsiend the same ~gainst the lawful claims of aU persoas w~omsoever.
P~eo~nasD ALw~trs Lh~t if the Mortg~g~or shall puyvt~to the Mortgagee th~6 oert,ain pcomi~oey note, ot
which tbs foUowing is a wbst~nti~l ooP1, to ~vit:
i7,400.00 Fort Pierce , Florida.
June 13th ,19 66
FO~ VAL~E R~C~I1/sD~ t6e undersiRned pc+omise+(s) to pa to tbe order oi J. Dr ive
, as A~miniatr~tor oi Vet,erans' A~a~ra, an~cer oi the
Unite~ States of Americw, and hia suooeeeors in such oftiee, ~s such, and his or their aesigns, the principal sum oi
g eqtn ~oua nd r H dr and No/100 DoU,us (s 7, 400. 00
with mt~ee+esti ~roau ~ste a~t~ie rate
o~ Per oeatum ( 6%) Per annum on the
unpaid b~lanoe unt31 paid, The ssid pr~n~c~~a! and intPrcat ahsll bepsyable at the oflica o~the I,o~n (lusranty
~ O~aer, Veterana Admimstr~ '~iegional t~ioe. in Jaalc~oAv ills 1, Flor ida . or at such
~'~'/~FF~o~
y~owc
aud 37~~Q~~te m wnung daLvered or tnailed to ths debtor~~n
~4 9 tallmPnta ~
OpIIlf118IlCIII~ OA the 18t, +dsy oi ~A~
~---t--------, 1966 , and oon~nuuig on the
m~ 1~~~ d~y oi e~?ch month tLenatter un~1 thia note is fiil1Y P*~, ezcept tL~~, ii not sooner
P~, tbe 6as1 psymen~ oi prina~,,,~ and 'mterest shall be dne atnd pqsbk on tha 1 a t, d~~ oi
July , i~ 96.
pri~ege m:+ese~ved to prep~y st any time, without premium or fee~ the eatie~e indebtednees or any part
fLee~eoi not ~s t~un the aoaoun6 of one instsllment~ or oae hundred dollara (i100.00), ~vhichever is lees. Any
prepayme~t msde on otber th~n an instsllment due date aill not be credited unt~il the next foUowing inatsllcnea~
dne dats.
If my deficienc~ in tbe payment of any instal)men~ uader thia note ia not made good prior ~o the due date
oi the nest such instailmeat, the entire princapal snm and w~srued interest sh~ll at onoe beoome due aad Fsy-
able witbout notioe ~t the option of the holder of Lhis note. Failure to e~ceir.ise this opdon ahall not eonsutute
• waiv~r oi the right to exercise the eame ia tbe e~enti of any subsequent dafault. In tbs eveat of default in tLe
P~yme~t of t~Lis note, and if the same is oollect,ed by an attoraey a~ law, the underaigned herebY a8ree(s) to
pa~ all oosts ot oollection, including s re~sonable attorney's fee.
'lbis note ~ given ior~ pm~ase money oi real estate and is securad by mortgage b secure debt ot even
date henwit~h, given and delivered by the underaigned to psyee on aertain real pmparty desciibed Lheroin.
Pre~eatanent, protest', ~nd notice are hensby ~?aived.
~ (State Documentary Stamps 8~ Morrfs Mor,gan_.__________ [esnr.]
aff ixed to original note Morr~s Morgan
and cancelled . ) [s~+~]
~-~0.~--~IBQ--~T-~t1---------------------- IBEAL~
: Lois Mae Morgan
[s~L)
And shall duly, pmmptly, snd fully pertorm, dischsrge, e,secute, effect, oomplete~ aad oomply with and
; abide b~ eacL aad every ~t6e stipulawons, agreamente, conditaons, md covenaats of sud~ promiesory note and
~ ot tL» mortgage, thea tbis mortgage snd tLe eatate hereby cre~?ted shall cease and be null and void.
i The Mortgsgor fnrtLer cooenaats as follows:
1. 17ut he ~riU p~y the indebteduees, ~s hereinbefore pmvided. Privilege is reeerved to prepoy at anp time,
~ wit~wut premium or fee, the entire indebtednees or any part thereof not lees thsn the amount of one installment,
~ or one bundred dollara (i100.00), w+hichever is leas. My prepayment mads on otber tLaa aa inatallmen~
i dne dats ~vill noti be c~edited until the n~t following inaWlment due date.
~ 2. In order more fnlly to pmtect the eecnrity of this mortga;e the Mortgagor, together with, snd in addi-
tion to, the monthlp psyments undet the terma ot the note secure~ hereby, on t-he inatallraent due date day of
each month until the s~id note ia tully paid, will psy to the Mortgagee as truatee (undet the terma of thia
truat a8 hereinafter ststed) the following suma: .
(a) A sum ual to the ground rents, if anp, nezt- due, plus the premiams thst will neat beoome due wd
payab~ on policies ot fire and otber hasard insurance oovermg the mor pr~operty. Plus t~xes
er
and a~ee~smeata nezt due on tLe tnortgaged proP~e*tiY (all ~s estimsted ~r t,he Mortgagee and oi
~vhich the Mortgagor is notified) lees all suma ~lready pud tlurefor divided b7 t6e number of months
t~o el~pse before one month prior to tLe dste vvhen such~ground rents, premtums, taxes, and sseees-
meats wrill beooma delinqueat, such suma to be held by Mortsages in trust to psy ssid ground renta,
~ pnminms. t~a.. .nd speciat aeseaa~nents.
~ (b) 'I`he ts of the amo~mta payi?ble pursuant to subparagn?ph (s) and thoee psyable on tbe note
~ ~ecured~reby, shall be psid in ~ single psyment each moath~ to be applied to the foUowing it~ns ~
- in t6e:order sNted: ~
.~"(Ij g~+ound renta, tases, aseeaemeats, fire, aad other hasard inaurance premiutns;
(II) intsnst on tLe note secured hereby; aud
(LII) auar~3sation of the principal oi esid aote. ~
~ Any de&ciency in tLs smount ot such aggregate monthly psymeat slull unlees made good by the Mortgsgor •
~ pr~ior to t6e due datb of Lhe ne~ct, such ps~nnent constitute an event of default unde6 ~s mortguge. At ~
M~rt~agee's o tion~ Mort,g~gor will psy a`late c~srge" not ezceeding four per centum 1') of sny inatall-
~ mentivLen paPd more t.~an fifteen (15) days ~?ftea~ the due duts thereof to oover the extn expense ~nvolv~~~'
in handling delinquent paymente, but suc6 "lste ebsrge" shaU not bepa
yable out of the proceeda of any asle
mada to satisiy the indsbtednees aecured Lereby,; unlees auc6 proceeds sre s~cient to d~scharge the entin
~ iadebtodne~s and ali proper costa sad ezpenees secured hereby.
~ 3. If the tote~l ot the pa~ymente made by t~he Mortgagor under (s) of paragraph 2 preceding shall ezceed the
'd"~ amount of psymenta actually made by the Mortgsgee, as truatee [or gronnd rents, taxea and seeeesmenta, and
~ insurance premiuma, as the caee m~?y be, anch eucees ehall be credited on aubsequent payments to be made
~o by the Mortgag~r for auch items or, at Mortgagee's option, sa truatee ahaU be refunded to Morts;ag~or. If
o°m however, such monthl~p, paymente ahall not be an~cient ;~o psy such itema when the eame ahall beoQwe du~
and pavable, then the Mortgagor ahall pay to the Mortgagee as trustee sny emount necessary to rnake up
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