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Home My WebLink About1257 TO HI?tis AND TO HOLD Lf1~ 8i?~78~ t~+ther ~ ith alt an~3 singulac the tsnsmcnt~r~ hered~t-smance and aFP~ tenanoea thereunt,o belonging or in anyw~se sppertaining, snd the reveraion snd reversio~s; remainder or re- maiadera, and ~?leo sU tbe estat~e~ right~ title~ tntereat~ homesl,ead~ dower und righ~t oi dovrec~ separAte estate~ poaaeeaion, claim and d~ruand whataoever, as well in law as in equi6y, oi tho said Mo~tgago~ in and to the same and every part thereof~ with the appurtenences oi the ssid Mortgsgor in and to the s~me~ and every pert un~ pu+oel Lhereof unto the asid Mortgagee in iee eimple. The Mortgagor hereby oovenent8 with the 114ortgsgee~ t,hpt he ia iadetessibly seir,ed ot said land in fee aimple or such other eatate, if any ~a is atated herein; that he has full power and tawtul right to convoY~ ~the suae sa uforeasid; thst t~he land is tree ~mm sll encumbraacas except ss herein otheewiae tecit~ed; that se?id Mortgagor will make such fUrther assursnces to pmve the atoresaid title to aaid land ia asid Mortg~gee aa msy be reason- sblyreq uired~ and thst a~id Mortgag~or does hereby tully warrsnt the title to said land, snd every part thereot, and will defend the same ~gainat the Iswful claima of sU persona whomsoever. PROVIDED ALNAYB L~lat it the Mortgagor shall psy unto the Mortga~ee that oe~tain promissory note, of which the foUowing ia a subetantial copy~ to wit: =12, 550. 00 Fort Pierce ~ Fiorid.. September 151466 • Fo~ v~LVS Raca~~aD, the nnderei ed romise s to pay to the or~er of sa Administretor of Veterane' Affsits, en OlRcer oi the United 3tstea of Americs, and hia aucceeeors in such office~ as such~ d is or their aesigas the s of ~.vE TxousArm ~zvE avxn~n ~F-rY and no/~'o~- - - ~o» 'c: f~;~`b?.`~'b~. w~th interPat irom dste at the rste of five & three-fourth~er centum ( 5-~%) per annum on the u~n_paid balmce until pud. ~ The eaid princa_p~a~l snd inte t a~ be s sble st ofli f the Losn Quaranty O~'icer, Vetere?ne Adminietration Regionel (3~ice, in S~• Pete~s~urg, ~or~c~s , or st such other place as tbe holder ma d ste in writing delivered or rasiled to the debtor in monthl lment8 of Seventy-ei~htan~96~100-------------~ll.m~=7~';'~~ oommencing on a lst day of Nove~nber , 19 ~ and oontinuing on the first d~y of each month thereafter until t6is note is fully paid~ excepL that, if not sooner paid tbe Saal payment oi principal and intereet ahall be due and p~y~ble on the f irs t d~y oi dctober , ~991 . Privilege is reserved to prepsy st sny time, without premium or fee, the entire indebtedneea or any part thereof not lees than the amount of one instsllment~ or one huadrEd dvllscs (:100.00), whichever ia lees. Any prepsyment made on otber thsn an inetaUment due dste will not be credited until the next followinR inetallmen~ due dste. If any deficiency in the payment of any inetsllment under this note ia not made good prior to t6e due dsf~e of the neut such inatallment, the entire rincipsi sum and accrued interest shull at onoe become due aad ~sy- a sble without notice at the option of the older of thia note. FWure to e~cercise thia option ahaU not constatuts • waiver of the right to exercise the Same in the event of any subsequent default. In the event of default in the psyment of this note, and if the same is ooUected by an sttorney st law~ the underaigned heteby agree(s) to psy alt coeta of collection, including a reasonable attorney's fee. This note is given for purchese money of real eatate and is secured by mortgage to secure debt of even date herewith, given aud delivered by t6e underaigned to psyee on certain real pmperty deecnbed therein. Presentment~ protest, and not~ice are hereby waived. State Documentary Stamps in the __~s/ PAUL DALE TAUSCH___-_•-________- [g~AL~ amount of $18.90 attached to Paul Dale Tauscli f s~__ PATRICIA ANN TAUSCH ~gEALJ - - - - original note and canceled. - Patricia Ann Tausc~i ` IBEALJ , IBE/1L~ : And shall duly, promptly, and fully perform, discharge, eaecute, eRect, complete, and comply with aad ~ sbide by each and every ~the stipulationa, agreementa, conditiona, and covenant8 of said~ pmmieeory note and of thia mortgage, then this mortgage and the eatate hereby crested ahall cease and be null and void. The Mortgagor further oovenants as follows: 1. That he will psy the indebtednesa, as hereinbefore provided. Privilege i~ reserved to prepsp at sn tame, without premium or fee, the entire indebtednees or any part thereof not less than the emount of one inst~ment, or one hnndred dollara (=100.00), whichever is lesa. Any prepayment m~?de on other L6an an installment due date will not be credited until the next follo~wing installment due date. 2. In order more fully to pmtect t6e security of thi$ mortgage, the Mortgagror, together with, and in addi- tion to, the monthly papments under the tetms of the note secured hereby, on the inatallment due date dsy of each month until the sa~d note is fully paid, will pay to the 4tortgagee as truatee (under the terms of this i truat as hereinafter etsted) the following aums: ~ (a) A sum equat to the ground renta, if any, next due, plus the premiuma thst will n~t become due and ' ~ psyabte on policies of fire and other hazard insursnce covering the mortgaged property, plua taxea ' ~ snd aeeesamente next due on the mortgeged pmp~erty (all as estimated by the Mort~agee and af k ~ which the Mortgagor is Aotified) l~s all sums alresdq paid therefor divided bl the num6er of montha ~ to etspee before one month prior to the date When euch~ground rents~ prereuuma, taaes, and asse~e- # menta wtll become delinquent, such sums to be held by Mortgagee in taust to pay said ground rente, ~ premiuma, taxea, snd apecial aesessments. s (b) Theaggregate of the amounts payable pursuant to subparagreph (a) and those payable on the note ' secured hereby, shail be paid in s single psyment each month, to be applied to the following itema i in the order atsted: , (I) 8mund rents, texes, asse~sments, fire, and other haaerd insurance premiuma; i (II) intereat on tLe note secured hereby; and ; QII) amArtizstion of the principal of asid nots. ~ Any deficiency in~the emount of such aggregate monthlq payment ahail, unless mnde good by the Mortgagor ~ pr~ior to t6e due dataa of the next such psyment, canstitute an evenL of default under this mortgage. At ~ Mortgsgee's o~tion, Mo~or will psy a"late charge" not exceeding four per centum (4~Jo) of sny inatall- I ment wfien paid more than fteen (15) daya after the due dste thereof to cover the extra e nse involved ~ ~ ~ in hsndling delinquent psymente, but such "late charge" ehsil not be psysble out of the proceeda of an esle , made to eatiefy the indebtednese eecured hereby, unless auch proeeeds are au~cient Lo discharge the entire indebtednees und all proper caeta snd ezpenaes secured hereby. ' 3. If the total of the payments made by the Mortgagor under (a) of pnragraph 2 preceding aha11 exceed the amount of payments actuslly msde by the Mortgagee~ aa truatee for ground rents, taxes and aaeeesments, snd inaurance premiums, ae the case may be, such excesa ahall be credited on subsequent payments Lo be made ; by the Mortga~c~r for auch itema or, at ~iortgagee's option, as trustce shall be refunded to :1Sortgagor. If, j ~ however, such monthly psyments shall not be suf6cient to pay such items when the same shall beoome due F ; and payeble, then the :1'Iortgagor shall pav to the ~fort~agee as trustee any amount necessary to ma~e up ~ Qeor.~55 ~7 ~ y ",vj`.r~" ~ - ~,h4 : . ~f,~" ~ mx' Yu` "-F7i'~~,i'v'3nJ'^'.~~` _ -s~_r'^~ ~ r- ; ~n