HomeMy WebLinkAbout2274 T~ ~l~ A~ TO HOLD 1~1! sa~c~, LopRhK wi~ aU ~nd ~gv~+~s 1~ ~sAeaaeat~. l?eredltaa~ents aad ~pp~u?~
tenana~~ t~e+eu~to belon~in~ os in ~?pPer.tw?in6. ~ael tlss r~veesioa ~?d reversions, rsmainlar oe ra .
m:inders. and ~o aU tbe esta~e. ci~#? ~itle, tntee~esi, homest~d. dowe~ ~ad ~t ot dower. sepuste eatats,
poMerioa~ r.laiaa and d~and wLatioe~. ~s ~ell in 4w as iu equity, o! t~re sniJ oM~?~or in aad b the se~a4e
sud every pu~L th~ubof. wit~h tbe ~ppurteAanoes oi ths said Mo~tgsgor ie? aad to tbe same~ ~ad every part u~~
p~roel tl?ereot unt,u tbs said Mortgsges in ies ample.
'ILs Mortgagor hereby oovonants with the M .~h~t he is indefeasibly eeised ot said land ia fes
sinaple or weh other esti?cet ii aay, as is s~ated bereia;~ has f ull puwer and lawiul ri&h~ to ooaveY ~t1?e saa~s
as atoraaid; that tbs lan~i ~s lree irom ~11 eneurnbr~?cas exoep~ as herein utberwi~e recit,ed, tb~~ ~aid Mortgsg+oc
w~l nulce s~6 furtber a~suranca to prove ths dore~aid tade to said laad ia suid Mort{pgee as m~y be reawa-
~req uired~ and th~~ s~id Mort~~or does hereb~ fully warr~nt tLe dtle to si?icl land, and every p~ri thereoi,
ihe Lwiul cl~ims oi all
~ad wiU dofead tLe wne against persoJU ~vLom~os~er. n
P~oviasa A1.wwYS th~t ii the Mostgagor shall pay uato tbs Mortgagee th~~ oat~in pmraissury nots~ of
whicL ths ioUowing is ~ sub~l~antial ooPY, ~ vril:
= 14,000.00 ~ Fort Pierce
Decomber 16 ~ ~9 66 •
Fo~ V~tvs Iiscnvsa tbe und ' ed romi~e • to to the order oi
tr~tor oi Veteraos' A8~?ie~a, aa O~oer oi L6s
v~t't~.~~t,~~i~, ~coa~on iA sn~h ~s s~uch~ aaci his or ~s~signs, thq ~~s~
~ L
1rVtJKTF~I Atlcl ~1.0~ . . _ _ . s _ _ i
with iritee~est fe+om d~te at the r~t~s of six oentwa o) Per anaum oa the
unp~ ba4nos until paid. Tbs said p~inm~ and int~+e+est du~U be p~?gable st tbs o~oo oi tbe Losn (~uaranty
O~ae~r, `Tetarsns Adminntcation Regional oe, in St Petersbur ~ Florf d8 , or at sncb
ot~ezI~~ as the Lolde~ ma dasignata in writ~iug delivere~ ar msiled to t~he~ebtor in mont=1y90 timenta ~
N and21/1 ~11ars (
oommenc;,,g on the ~ rst day .of February ~ 19 66, and oontiaw'2ag on d?e
first day oi e~ch month tbereatter untal t~us not,e is fully pai~d~ esoept th~t, ii not eooner
paJ, ~Sn~l paysnent oi 1992~ and ia~.~ aball be due sud p.yable oa the first d.y o~f
~9
P1riv~ege ~s reserved to prep~y at any time, without preanium or fee, tba ent~ire indebtednees or saY P~
tl~ereoi not lees tLan t,he amount ai one instaUmeni~ or one hundred dollars (i100.00). M?hichaver is leas. An~
prepaymeat made on other tban an installment due date ~rill not be eredit,ed unEil the ne~et following installment
due d~te. ~ -
Ii my deficieney in tbe psyanent ot aay installment unde= tLis note is noti made~Bood Prior to t,6e due date
oi the nezt such installment~ t,he entire principal sum snd aa;rued iatsrest ahall st onoe beoome due and F~y-
sble without notioe at tbe optioa oi t~Le holder oi this note. Failure to esercise t~his optioa ahaU not oonatatute
a wuiver of the right to exercise the sama in the even~ of ~ay aubeequent default. In the event of detault in the
PaYment oi tbis note, and if the same is oollected by m attorney st lav~ the uade~i~ed hereby agree(e) to
PaY all oosta of oollec~on, inciuding a reaeonable att,orney's iee.
Tbis note is given for purchaee anoney of real eatate aud is secured by mortgage to seccure debt oi even
date Lerewith, giv~ and ddivered b~ tLe undereigned to psyee on oertaia real pmperty deecribed therein.
Pre~entanenL, protest. and noti~ 8 are henby ~raived.
State Doctmnentary Stamps in the .~8~ JAI~S F. _ CONRAD [sanr.~
- ~"on~'iad-
amaunt of $21.00 attached to
original and canceled. ~ L~li~~L.~Co~nra~d~ ~ ~ ~s~~
(ss~ra
[s+r~?til
And ahall duly. Promptly. and fully pertorm, di~charge~ ezecnte, eQ'ect, oomplete~. snd oomply wifh and
' abide b~ each and everp ~tbe sdpulations. agreementa, condition~, and ooveaants of sud~promi~eory note aad
~ oi this mort~age, tlun this mortgage aad the estate hereby creat~ed shaU cease ~ad be au11 aad void.
~ The Mortgag~or i~rther oovenants as foUo~vs:
E i. 1Lst ha w~l p~.y the indebtedaer, a~ hereznbefore provided. Privilege is re~erved to prspay ati m tinae,
e
witbout premium or tee, entire indebtedae~s or any part thereof aot le~ tLaa t~e amouat oi one ins~t,
ac one hundred doll~ts =100.~), tvLichever is le~s. Any prepaym~nt made on otlu~ than an iaatallmenti
dus date will not -be credited uat+~ tLe aezt foIIowing mat~allmea~ due d~te. _ i
Z. In orde~r mcre fuUy to protecti t~he~a~~y of this mortgage tbe M~~gago~, together with, and in 5ddi-
tion to, the mon -paymests under ths te~ms of the ~ote secure~ hereby, on t~e inat4i:meni 3ue dste day of ~
e~h month nntil~ge~ note ia f~Iy paid, .~vill psy to the :~fortgagee ss trustee (under the terms of t~ia '
trnst as hereinafter ststed) the followmg sodu: -
~ A sumequal to the grouad rents, if aa7, nest_ dne, plus the premiums tLat w71 neut beoome due and
payable on policies oi Sr+e aad ~ h~a~ i~~~*wnc~ oovering the mor property~ Plus t~xes
and aMe~ta nnxt due on the mortgaged proP~ertY (all as estimated~the Mortgagee and oi
w~ich the Mortgagor is noti~ed) le~s ~ll sums dready paid thereior divided ~p the nnmbe~r oi raoatLa
to elap~e before o~ne moatL prior to tbe date when sucb~ground rente, prenniums, taxee, and a~eew-
meab ~v~l beoome delinqueat, such sums to be Leld by Mortgagee ia trust to pay asid ground rents,
's pl"8m111IDi~ ~Mi ~ f~Cl~ il~CBl~IItd. j
~ (b) Thes~g te of the amouata ~ayable ursusat to anbp:ragraph and tLoae payable on tbe note S
secur~ed heareby, shall be paid m a'~e payment each month, to be ~pplied to the foUowing itema
~ ia the order stPted: ~
~ (I) gronn~d rents, tue4, asoe~aeaf~, Sre, and otLer hsurd insutsnce preminms;
~ (II) iateres~ oa tbe note secured ~ereby; and ;
, (III) a~r~isa4oa of t~m princ~~~:.ot said aate. - ;
My deficiency in the amount oi such e~g~te mont,hlp psyment ahall, unleas made good by t.he Mortgagor ;
p_cior to t6e due Aat~ of t6e neit such ps~anant~ oonatitute an event of default under this m~rtgage. At
M ee's option, Mo ~vill psy s`l~:s casrge,j not e:oeeding four per centum {4%) of wy inatsll-
ort~gag vi
_ meativhen pad more thsn teen (15) days dter the ~ue daLe thereof to cwver the eutrs expense involved
; ia bsa~dling uentpayments, but sucb "latecharge" shall not bep ysble out of the procee.da oi aay sale
made to satiet~e indebtednees secured hereby~ unless such proceeda~ue su~cient to diecLsrge the eut.ire
indebtednees and all proper costs aad espenses secured hereby.
3. It the totsl ot tba pa ente made by the Mortgagor under (s) of paragraph 2 preceding ehall exceed the
amaunt of psymeata sc~msde by the Mortgagee, sa trustee for ground rents~ taxes aad aeee+eements, and
insursace premiums, as the case msy be, such ezcees ehall be credited on subeequent psyments to be made
by the Mortgagor for such iteme or st Mortgages's option, as truatee ahall be refunded to Mort~ag~or. If~
however, aucb monthly~psyments a~all not be auff'icient to psy such items when ths smie ahsll beoome due
aad payable, thea the Mortgsg~or shal~ pe~y~
Rthe Mortgages as truatee any smount neceaesry to make up
aoox 161 PA~~ 4 7~, _
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