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Home My WebLink About2131 ~ TO HAVS AND TO I~OLD tI1P SsR10~ to~ether wilh all And etAgulac the tt~n~+rtnents, hereditamenf,a end sppur- tenanms lhetrunto ~clunging or in an~wise a~pertxining, and the reversion and re~•ersions~ remainder or re- mainders, anJ xlso all the estet~, right, title, ~pten+st~ lion~~~stea~l, do~vrr and ri~~,hl ot doH•er, sej~arate esiute, ; posscssion, claim xnd Jemand whatsoever, ss well in law as in equil;v~ of tlu+ sHia `[urtgngor ia and to the same~ } and e~rr~• pa~~ tl~creol, with the sppurtenanc•ra of the said ltortgx~or in and tu lhe same, and every pe?rt and parcel tli~~rrof unto the said Mo~t_gagee in tee simple. Tho Ztortgagon c~reby covenants w•iih thc lfort~a~•, thxt he is inci~te,?.gilalv seiacd of said land in fee ~ simple or :.uc't? ,ther estate, it en~ ~ as is stal~v~ hercin; that he h~?s tull power and laK ~ul righl to conve • the same as nfornsaid; that ihe Isnd is trce from all encumUrances except xs hernin otherv?ise recited; that said ~tortgagor will make such further assurances to pcovo the efornsaid title to said lsnd in sxii! MoM~ngee as may be reason- ably req aired~ and thst said 1liortgagor does hernby fuily warrant the title to seid land, and P~ery part thereof. and vrill dcfend the same against the law~tul claims of all persons whomsoever. PeoviDSU A~w~~s that it thc \tortgxgnr shwll pay unto the Mortgngce that certain prnmissory notc, ot ~ which lhe follov?ing is a substantial cop~, to wit: ' =11, 900. 00 Fort Pierce , Florids, j October 7th , 19 66 Fox ~'~Li~ R~c€ie~a, the under,~:~nc~! promese{s) ±o pay to thP order oi J. n~ t~-'~r a , ss Administrntor o! Veterans' ~us, an Officer of the - Unitc~ States of America, and his succrssors in su~h office, ns such, aad i?is or their assigns, ihe principal sum of Eleven Thousand Nine Hupdred and No/100 __~ollars (511,900.00 ~ with interest lrom date at the rate of ~ i~ per centum ( 6~Jo) per annum on the ' n~n~ paid balance until paid. The said pru~cipel nnd interc~t shail be payable at the offi~~ of the Loan Guarant • ' Ol~icer~ Veterens Administration Regionsl Officr, in ~t. Pete~s bur , loY;ida , or at suc~ ~ other place as the holder may designate in wziting delivered or ma~lc~i to t~e de~tor in monthly installments of 1 Sevent One~ and 35 100 llars t ; ° ~-3S commencing on t e lst ~d9y of ~Dec mber , 1966 , and~continu?ng on the~ i lst dsy ot'each month themafter unti~ this note ia fully paid, except that, if not sooner ~ paid the ~insl payment of principal and inte:rst aha11 be due and payable on the 1 s t, dey of filovember , 19 96. Privil e.ge is reserved to prepay at any time, w-ithout premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment, or one hundreci dollars (=100.00), whiche~ er is less. Any prepsyment made on other than an instaitment due date K•ill not t~e cmciitcYi unti! thc next~ followin~ instellment due datc. If any deficiency in the payment of any installment under this note is not made good prior to the due date of the next such installment, the entire principal sum and accrued interest shi?ll at once become due and pay- able without notice at the option of the holder of this note. Failure to ea~ercise this option shall not constitute a waiver of the right to exem~se the same in the event of any subsequent default. In the event of default in the payment of this note, and if the same is collected by an attorney at law, the undersigned hereby sgree(s) to pay all costs of collection, including a rea4onable sttorney's [ee. This note is given for purchsae money of real estate and ia secured by mortgage to secure debt of even date herewith~ given and delivered by the undersigned to payee on certain real property described therein. Preaentment, protest, end noti~e are hereby weived. ~ CState vocumentary Stamps s~__R~Lph_W._ Judy____________________________ ~sE~LJ aff ixed to ori~inal note i2alph W. Judy and cancelled). , (SEAL~ S~ Colleen .7 . Judv_____________________ [ss~~] - i;ol?een J . Judy IBEALJ And shall duly, promptly~ and fully perform, discharge, eacecute, effect, complete, and coraply with and ebide by each and every t_he stipulations, agreements, conditions, and covenants of said pmmissory note and af this mortgage, then this mortgage and the eatate hereby created shall cease and be null and void. The Mortgagor further oovenanta as followa: 1. That he will pay the indebtedness, ea heteinbefore provided. Privilege is reserve~i to prepay at any time, ~rithout premium or fee, the entire indebtedness or any part thereof not less then the amount of one installment, or one hundred dollara (i100.00), whichever is leas. Any prepayment made on other than an instellment due date wiQ not be credited until the next following installraent dus date. 2. In order more fully to protect the security of this mortgage, the ~lortgagor, t,ogether v~ith, and in addi- tion to, the monthly payments under the terms of the note secured hereby, on the instailment dae date dap of each month until the seid note is fully paid, will pay to the 4lortgagee ns trustee (under the terms of this trust as hereinafter stated) the following suma: (a) A sum equal to the ground rents, if any, nea~t due, plus the premiums that will next become due and payable on policies of fire and ~ther hazard insurance covenng the mortgaged property, plus taxes and assessmenta next due on the mortgaged property (all sa estimated by the I~iortgagee and of which the Mortgagor ia notified) less all sums already paid therefor divided b~r the number of months to elapse before one month prior to the date vrhen such und rents, premiums~ taaes, and assess- m ments wilt become delinquent, such aums to be held by ortgagee in trust to pay said ground rents, premiuma, taxes, snd apecial a~essments. (b) The ate of the amounta psyable pursuant to subparagraph (a) and those payable on the note aecured ereby, shall be peid in a single payment each mont6, to ~e applied to the following items in the order steted: (I) ground rents, taxes, assesamenta, fire, and other hazard inaurance premiums; (II) interest on Lhe note secured hereby; and ~ (III) amortization of the principal oi said note. ~ ~ Any deficiency in the amount of such aggregate monthl,v payment ahall unless made good bp the Mortgagor ~ pnor to the due dace of the nex~ suc6 payment, constitute an event ~ 7cl~tault uader ~s mortgage. At l Mortgagee's o~tion, Mortgagar v? ill pay a"late charge" not e~ceeciingYdf~f~er centum ~o) of any ~nstall- ~ f= ment when pa~d more than fifteen (15) days after the due date thereof to cover the extra expense involved ` 4 in handling delinquent psyments, but such "late charge" shall not be payable out of the proceeds of any saie ' made to satisfy the indebtednesa secured hereby, unless such proceeds are su~cient to discharge the entire - CL~ indebtednesa and all pmper coste and expenses secured hereby. ~ 1-~ 3. It the total of the peyments n~ade by tbe 1~Iort~;agor under (a) o[ paragraph 2 precedinr shall exceed the ~ '~'1 amount of payinents actually made by tt~e ~tort~a~;ee, as trustee for ground rents, ta~es and assessmenta, and ~ insurance premiums, as the case may be, such excess shaq be creclited on subsequent payments to be made ~ by the ~lortga~or tor such items or, at ~tortgegee s option, as trustee shall be refunded to ~iort~agor. If, ~ howe~er, such inonthl~ pa~ments shall not be sufficient to pay such items when tfie~same shall beoo~ne due nnd p:i~-~hle, then the ~tort~a~or she~ll pa~ to the ~1ort~agee as trustee anq amount necessarv to make up .:.~-,G~ .:n ~ ~ ~ ~~~^E.~ r ~ t w,~ x,~:~ ' ~ - p.~a,^=