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Home My WebLink About1050 ~ D ~G~ svsv TO HAYA AND TO HOLD ~18 S~[q8~ to&othe~ wi~h all snd aingul~~ the tenements. hereditaments and ~ppueL ten~nces thereunto lx+longing or in saywiae appe~taining, sad the reversion and reversions, remsindec or te- un~inders, and eleo ~ll t,ha esta?tc~ right~ tiWe, intereet~ homestsad~ dower nnd ri~hl, ot doNee~ sep~rAte estste~ poeaesaion, cleim and demand wh~teoever~ as weil in law as in equi~y~ ot t1?o at?id 1?iorlg~go~ in ~nd to the same and every pur~ th~reoi~ with the appurtenunoes oi the said Mortgsgor in ead to the same, aad every part anc~ p~roel thereof unto the ~?id Mortgagee in fee siraple. The Mortgag~or hereby ooveaanta with tho Mortgagee, thst he is indetessibl aeisod of asid laad in fee simple or auch other ~state~ if any. sa is ata~Led herein; t,haL he hua tuU power and law~ul right to oonvop ~the sune as aforessid; that, the land ia free from ~11 encumbrancas except ~s heceia otherwise eecited; Lbat suid Mortgagor will make such iurt~her aesurencea b pmve the atoresaid title to said land in si?id Mortgagce as m~v be reason- sblyreq uired, snd thsE asid Mortgag~or does hereby lully w~rrant the title to anid. lund. a~d every part thereoi, and ~vill defend the same againat the lawtul claima of aU pereons vrhomeoever. P~eov~nsn AL~reYS ths~ i~ W?e Mortgsgor ahsil p~y unto the Mortgagee tha~ oertain promisaory note~ oi which the foUowing is a subst~ntisl rnpy, to wit: i 10, 000. 00 Fort Pierce , Fiorida ~ January 25 •19 67 FOR VALUR RSCBIVED~ the undersiRned pmmise(s) to pay t~o the order of Admin~atrstor of Veterena' Affsirs, ~n O@icer of !ha Uwted tat~ o Amencs, and hia ra in such office, ss auch, enci hia or their assigns, al oi T~ ~o~us~ ~d no'~~°s- - ~ - _ ~ - - - - - - - -~o~~~~ c`~d'; 8~~. 8~"` ~ with interest from dste at the rate of Six per c$ntum ( 6%) P~' on the u~np aid balance until ud. The said rinci a1 ewd int~ t~ ah 1 be ayable st thg, ffice o the Loan Gusranty O~cer, Veterana Adna niatration Regional Op~'ice, in S~t. ~eterS Durg , lr~ori a , or st such otherp~ ~oe ss the lwlder may d =te in writang delivered or mailed to the debtor in monthl ~iments of SI$TY-FOUR and fi~~1~0 s- - - - - - - - - - - - - ~ollars ~?.44 oommencing on the 8 d•y oi March , 19 6~ and oontinuing on the fir8t day ot each month theresiter unW tbia note is fully paid ce~t thst, ii not eooner paid, the finsl payment of princip al and intereat ahall be due snd psysble on the f~r dsy of February ,19 92. Pri~ilege is reeerved to prepsy st any time, without preraium or fee, the entire indebtedne~ or any part thereof not lesa than the amount o! one installment~ or one Lundred dollata (i100.00), whichever is lesa. Any prepsyment made on other than an inatallment due date will not be credited until the naxt foAowing inatallment due date. If any deficiency in the paym ent of any inatallment under thia note is not made good prior to the due dste of the next auch installment, the entire pruicip~l sum and sc~;rued intereat ahsll st once beoome due and ~ay- able without notice at the option of the holder of thia note. Failure to eaemise thia option shsll not oonavtute a waiver of the right to exerc~se the ssme ia the event oi any subaequent default. In the event of default in the psyment of thia note, and if tLe same ia oollected by sn sttorney at law, the underaigned hen+by sgree(s) to pay all co~ta of oollection, including s reaeonuble sttorney'e fee. Thia note is given for purchaee money of real eatate and ia eecured by mortgage b secure debt of evea dste herewitL, given and delivered by the underaigaed to payee on certain real property deecribed tberein. Pc~eeentment, gmtest~~ and not.ice ere herre~by waived. Documentary Stamps in the amaunt ~S~_ DAVID L. HATFIELD - IBSAL~ of $15.00 attached to ori inal D~vi~d L. Hatfield ` g - - - s( _ LOIS__F._ HATPTELD--------------- [8~,+~ note and canceled. Lois F. Hatf~e~d ~ (86ALJ ' IBSAL~ i And aLall duly, promptly, and fully perform, dischsrge, ezecute~ effect, complete,. and comply with aad ; abide by each and every ~the stipulations, agreements, condiWons, and covenaata of seud~pmmiseory note and ~ of this mortgage, then thia mortgage and the eststs hereby cxested ahall ceaee and be nuU and void. i The Mortgagor further covenants aa followe: ~ 1. The?t he will psy tLe indebtedneas, aa hereinbefore provided. Privilege ia reeerved to prepsy at any time, E without premium or fee, the entire indebtednees or any put thereof not lesa than the smount of one installment, ~ ! or one hundred dollara (i100.00), whichever ia lees. Any pr~epsyment made on other tLan an installment ~ due date will not be cre~ited until the nezt followin~ installmeat due date. . 2. In order more fully to protect the security of this mortgage, the Mortgagor, together with, and in addi- tion to, the monthly psymenta under the terma of the note secured hereby, on t-he u~stallment due date day of each month until the eaid note is fully paid~ will pay to the Mortgagee as truatse (under the terms of Lhis trust as hereinafter stated) the following suma: (s) A sum equsl to the ground rents, if anp, nert due, plua the premiuma thst will neat become due and payable on policiea of fire and c?tdier Lazard insarauce oovering the mor~ pr~operty, plus taxea ~ and aseessments neact due on tLe mortgaged prop~erty (all aa eatimsted the Mortgagee and of ~ which the Mortgagor is notified) leee all sums aL~eady paid therefor divided the nunnber of montLa to elapas before one month prior to the date when such~gmund rent8, premiums, taues, and assess- mente will become delinquent, euch suma to be held bp Mortgages in truat to pay said ground rents, premiums, tsaes, and apecial aeeeeaments. (b) Theaggregste of fhe amounts paysble pureuant to subparagrsph (s) and thoee psysble on the note ~ aecured Lereby, ahall be paid in w eingle payment each moath, to be applie~ to the tollowing items in the order atsted: ~ (I) 8mund renta, tsaes, ae~eessmente, fice, and other hssard insursnce premiutns; ~ (II) intereat on the note secured hereby; and (III) amortization of the principal of eaid nete. ~ Any deficiency in the amount of such aggregste montihlp paymenti ahall. unleas made good by the Mortgagor ~ pr~ior to the due dat~ of the ne~t such ps1yment, constitute an event of default under thia mortgage. At j ~ Mort~agee's o~tion, Mortgagor will ps~ s`Iste charge" not ezceeding four per centum (4~Jo) of any inatall- ; ment ~vben pa~d more than Gfteen (15) dsys after t6e due date thereof to ouver the extn e~cpense involved in hsndling delinquent psyments, but such "Lte chsrge" ehall not bep~ yable out of the pi+oceeda of any asle 1 ~ made to satiafy the indebtedness secured Lereby, unleas such proceeds sre au$'icient to discharge the entire ~ indebtedaees and all praper casts aad e:pensea secuced heraby. 3. If the total of the pa~ymente made by the Mortgagor under (a) of paragraph 2 preceding ahall esceed the ~ amount of payments sctually made by the Mortgsgee, sa t,ruatee for ground rente, taxes snd sssesaments, snd inaurance premiuma, as the case may be, auch excesB ahall be credited on subsequent paymente to be made by the Mortga~or for auch itema or, st Mortgsgee's optio~, as trustee.shall be refunded to Mortssagor. If, ~ however, such monthly~ payments shaII not be au~cient to psy such items when the eame shall beoo~d ~ j•' , and payable, then the Mortgagor ahall p*7 to the Mortgagee aa-t~ustee anp amount neceeeary to make up ~ ~i~4 ~1049 - - - - . ~ _ lY~, - - :~r.t.~~z. .~l~.-: = ,~c. ..~-?.~,r,s.s ay~