HomeMy WebLinkAbout0615 u Y Y.~ -
To A~vs ~xo ro HoLO the s!?ms, b~e~hec with alt aad ~ia~ular the t~eaetaeats, heredit~mea~U and ~ppuN
~ena~oes ther+suntio beloo~uu` or m anyw~s ~?pertaiaina~ wd the reversioa and rsve~ reaaaind~s os w
auindet~, ~ntl. ~l~u ~ll tbe est~ee, ~i~ utk. mterest~. lwmestesd. do~ree aad ~1~ ot do~rer~ ~span?t~ estatA,
poMewsa, cla~m ~nd danand wh~twe~er, ~ weU ia bw u in equit~~ ot ~re sai~l ortgs~or in ~ud to ti?s~a~s,
~n u d
and every p~r~ theeboi. with tl?s ~ppurteni?nces oi tbe Mid Mortg~gor in aad to the same, ~ad every part w
p~uroel thereoi unto ths said Mortgagea in tes simpb.
The Mastgagor hereb~ oovenanis with tbe M~~t~~ee, th~t he is indetea~ibly ~ei~d ot said land in ies
~impls ot snch othec esf~atieRti aay ~s is staied hereia; tba~-he h~s tuU porrer aad lawiul to ooavey ~the sams
t~hat tbs lat~d ~ iree from sU enoumbra~xae~ exoept ~ hsrein otbesNriss rsci , ortq~g~or
as afore~id; t~sil• tbat s~id M
will make wch further ~suraaces b p~+ove ~he doraaid titk t~o ~aid land in s~id Mortga~g~es ~ m~y bs reawn-
~req uired, ~ad tbat ~aid Most;~ does hereb~ i~y w~re~n~ ths ti~1s to s~id land~ sad erery part u?ereoi.
~nd wiU dstand Lhs wne ~g~ins` ths bwiul clsino~ oi all pee~ons wLoansoeve~.
Paonasu Ar.wsYS t6at it the Mortga~or s6~11 pay unto the Mortg~g~ee th~~ oeetain promiesory note~ oi
wltich ths loUo~riAg is s wbstaatial ooPY~ to wiL:
s 7,500.00 Fort Pierce , Pior;d,,
June 22 , ~9 66.
mi e
FO~ VALDS RiC~irsD, ths ' ed romi~e s) to to tbe order oi
trutor oi Vet~ecaas' A![sin, an O~oer oi tbe
United Sta oi ert~a d his u in sucs~ o8i uch, ~nd his or their u~igas,~ oi
Se~ven l~wus~"ffiid ~`ve ~wn~ aa~l` no°,1~~~ ' oentum ,'~i~ )'.nn~n? o~? t~is
with interest inom d~te ~?t the r~te oi ve and o~ne-
u~ap~d' balanoe uat~ p~id ~'bs ..id aad inten+~t. e 't tL°~~ ~~Loan (3u,~.aLy
O~cer, Veterw Adnainistration Regionalp~~e, in ~tpe~8~g ~ Fl0 d8 ~ or ~t such
utbee p1~oe tiie holder in writing deliv~ed or m~iled to the debt~or in monW~ly ~ns~enta oi
FOi~ty~OUr aud /100' e- - • - - - • • ~ • - • - (~t
t ~Q11~
comme~ o~, y~s ~ ret d.y oi ~ Au$uet . 1~ ,°R and oa?dnu~ag oa drs
first day oi e~ch month thereattes unt~ t~Lis nota is full~ p~ud ~oep` t6at. ii no~ ~ooner
P~, Pa~~nent oi princi~l and intere~t eluU bs due iind p~y~bls on t~he ~ir8t day oi
J~y . , 19 91
Pyrivlege n re~erved to prepay at any time, withouti pnmium or fee, the eatirs iadebtednees or any 7~n
thsreof noti le~s tban t,Le amount of one installmenL or oae hundred dollan (i100.00), ~vhiehe~er ia less. ~ ~
p~epsyn~e~t m~de on otber thnn aa installmea~ due ~ate ~?ill not be credited until the nert lollovving uutallment ~
dus date. ~
Ii any deficieney in the p~?ymeat oi any installmeat und,er:this a?ote ~s not made good prior to the due date
oi tbs next such installment, the entire pri~n~ci~pal sum aad aa~rued ~ntee~eat ahall ~t onee beoome due and ~ay
able witiaut notaos at the opqoa ot t~i Iioide~r of thi~ note. Failnre to ezerci~s this option ~hall no~ oonsL~tute
• wai~er of ths rigbt to euercise the ssms in the e~eati oi any subequent detsul~. Ia ths e~ent oi dstault in ths
Paymeati of tbis note, aad ii tbe wne~i~ eolleat,ed by in at,toraey at law?, t~hs under~i~ed berebr agiree(s) to
py all oosts oi oollection, incl~}ding a re~oaable sttoensy's fee.
Tbis note is given for p~ircLass a~s~ of re~l est~te and i~.aeanred by mortgage to ~ecure debt oi eve~n
d~ts herewith, given aad deli~ee~ed by ths ~mden~ed to payes on c~ee~tw~ reil pe~oparty de~osibed t~Lerein.
Pt+e~e~tme~t, p~+otest~ and nowee are hee+eb~ waived. .
~ ~ /s/_ JOSEPH V. RAVINTA IsanL~
_ -
Joeeph~
~V. Ravinta
___l.e.!___SAi?IE._J_~_~?Y~ITI~.----------_-• [ss~?Ll
Sadie J. ~avinta _
' [assta
'
Is~?L1
f Aad shatt duly, Promptly. snd fully Pertorn?, dischs*Se, eaecute~ effect, complete~ and oomply ~rith and
~ abide b~ each sad everp ~the atapulations, agreements, aoaditions. and covenaats oi said~promiesory note and
oi this mortgage, then this mortgage ~nd tbe estate hereby created sball cea~e aad bs nnll aad ~oid.
Tbe Mortgagor furtLe~ oovenaats v foDows:
1.. lbat he rviII p~y tbe indebtednees, ~s hereinbefore provided. Ptiv~ege ia reserved to prepay ~t anI 'time,
witbont prea~ium or fee, the e~tire indebtedness or ~ny part thereoi not le~s tLaa tLe a~ount oi one instaAment,
oe one hundred dollsn (:100.00), whichever is le~s. Any paymeat made en otbec tbaa an installment
s
due date will noL ~e c~+edited until tLa neut fol~owing ' t due date.
2. In order more fully Lo prQtect the secwrtty of _ thi4 mo gage, the Mo~~gag~r, togett?er with, aad in sddi=
tion to, the mon?hly paymetits nnder~the t,erais oi the note s~~:ured~hereb~, on t~e iastaUmena due date day of
each month unb'1 the eaid aQte i~ fu11y P~, P+1;X to= the Mortgagros fs~M't~ePi~y!°~ee_. the_terms ot this .
trust as h~einsfter stated) tLe tollo~ng sums:
(a) A snm equal to tbe ground renta, it anY, ne:t- due, plw the premiums tLat w~l ne:t beooms due and
p~y~ble on policies oi &b and otLer Lasard inaur~aoe oovering the prope~Y, Plus tases
aad aesesrane~ts neut due on the n~rt6agedproP~e*ty (~ll ~s estima~t~ Mortgagee and oi
which tLe Mvrtgagor is noti&ed) leN all sums alresdy paid therefor divided tLs nundbee o# montbs
to elapss before one month prior to the date whea a~eh~ground reata, Prenuum~ tases, and ssee~s-
meata wrill beoome delinqueat, such sums to be heW by M~rtgagee ia 4vst to pay said grouad reats,
preminms, ta~re~, and apecial a~eeee~menta:
(b) The ~regate~ oi the amounb F~yable punuant to subparagn?ph ~a) and thwe p~ysble oa the note
eecured hereby, aluU be paid m a single payment e~ch montb, to be applied to tLe following items
in t~?e order stated:
~ (I) Se~onnd renta, tssa, iweaan~t~, 5re, ~ad o~heE Lasard-iasurinob prenuinms;
(II) int,ei+eat oa the note ~ecured het+eby; aad
r(II~. amoi3i:ation of .tbe PrinciPa~ ot_~.aQte• - ,
An~ deficienay ia tbe amouat of such aggregatemoat~l7 P~7?~t sb~U udeN made~ b~ tLe Mortg~gor
pr~ior. to tbe dne clata oi ths nert wah pa~men~ oon~wtute an b~eai o~ deisul~ un~er t~is moetgag~e. At
Mo~t~g~s s o~tion, M willpa • Lte c~ar~ge noti e~ooeeding four per centum (4%) ot any nutall-
ment wbsn pazd mors ~t~een (Ib~da atter .ths due dnte t~?ereoi ~o oo~ee ths est,ra espea~s in~olved
ia ~a~dlin~ de uea~tip~~meat~, but snch~lats oha~s•, ~all not be yabk out oi the prooeeds ot an~ sale
msde to rtidy t6e iadebtednas ~ec~red he~eby, u~e~s suc~ p~oose~ars ~anti to di~c~r~ t~bs entire
indsbtedner sad all prope~ eos4 aad e~pea~es ~ecucad hee~sb~.
3. It tbe tot~l ot tha ps~~ments made bY t-he Mortgagor under (a) oi parsgnph Z preoeding ~haD esceed the
amount of paymenb actually made by the Mortgagee, as trustee for ground rents~ tazes and se~ee~nenta, and
insurance premium~, iu tbe ca~e may be, such eicer ~ha11 be credited on ~ub~equaat paronents to be made
by the Mortgag~or for wch items or st Mortgagee's option, u trustee shall be refunded to Mortga~or. It~ ~
howa~er, vucL inonthly~payments ~iall not be su~cient to pay such items whea the ume ~h~ll beoQmO `.i;i
and p~yable~ theri the Mortgagor shall psy to the Mortgagee as tr~t~e ount neoe~eary to mak~e~
aooK 14
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