HomeMy WebLinkAbout2296 TO HAVR AND TO HOLD tI1P 3AII1e, to~t~her with elt snd singula~ the tenomonts, hereditements and appur- ~
tenancrs thereunto belonging or in anywise aQpertaining, an~1 the reversion and reversions, remainder or re-
maindcrs, and also t?11 the eslal~~ right, title~ interost~ homestoad~ do~~er and ri ~ht ot doHer~ sepx~ate cstnle~
possession, elaim i?nd demand whstsoovec, as well in 14w as in equil.y~ oi tho sair! ~tortgagor ia and to lhe same
and ever~• pe~t th~reot~ with the appurtenances of the said Mortgagor in and to the suma~ dnd overy part an~ t
psrcel thereoi unto the seid Mortgagee in tee aimplo. ~
The MortRagor hereby covenants with thQ Mortgage~e, lhet he is indeteesiblY sciacd oi said land in fee ;
simple or such olher estate, it anv, as is st~tcd tietcin; tl?at he has full power and iawtui right to convcy the same ~
as aforesaid; that the tand ia free~s tcom all encumbrances except as herein ot,horwise recitcd; that said `iortgagor ~
will make such f~uther easurnnces to prove the afon~said tille to said lsnd in aRid MorlgAgco as msy ba reason-
ablyreq uired, and that said Mortgagor does herrby fully warrsnt the title to snid lxnd, and eve~y part thereof~ ~
snd a-ill defend the serne sgainst thP lawful cisims of all persons whomsoever, ~
Peovro~u A~.w~YS that it the ~io~tgagor shal! pay unto the Mortgegre that certain promissory note~ of `
which !he following is a substantial copy~ to vrit:
i9,400.00 Fort Pierce , Florida,
. February 24th. 19 67.
FOR VALUF RBCF•IVTsD~ the undersiRned pmmiae(e) to pay to the order of W. +J DrLveY'
, as Administretor of Vetersns dtfairs, ~n Officer of the
Unitecl States of Americe, and his attccess~ts in such office, xs such, en~i his or their ussigns~ the prineipal aum of
Nine Thousai~d FoL~ r Huna red and No/100 -------------Dollwrs (Eg 400.00
with intetrst fram date at the rate of S L per cenlum ( 6~Jo) per annum on the ~
un~peid balance unlil paid. The said princip~and interest. shall be paynble at the office of the Loan Gi~ntAnt,y
Ofi'icer~ Veterana Administration Regional Oliice, in Jacksotlv i~le Flor'tda , or et such
uther place as the holder msy d~ignste in writing delivered or mail to t'~e debtor m monthly installm~nts of
Sixty and 57/100 _ _~ollars(i60 5,7 )
commencing on the j,8 t day of Apr~' 1 , 19 6~~ and continumg on the
p,]~S t_ day of eac~? month thereafter Until this note is fully psid eaccept thst~ if not sooner
aid t e~ifial payment of principal and inter~t shall be ~iue and payable on the lst , dsy of
March ,1992,
Privilege is reserved to prepay at any time~ without premium or fee~ the entire indebtedness or any part
th~reof not less than the amount o! one installment, or one hundred doltars (i100.00), whichever is less. Any
prepayment made on oLher thnn an installment due dete will not be credited until the nert follov? ing installment
due date,
If any deficiency in the peyment of any installment under this note is not made good prior to the due date
of the next such installment, t~ie en~ire principal sum and ac~;rued interest shall at once become due and pay-
able without notice at Lhe option of the holder of this note. Fai]ure to exercise thia option ahall not constitute
a waiver of Lhe right to exercise the same in the event of eny subsequent default. In the event of default in the
peyment of this note, and if the same ia collected by en attomey at Isw, Lhe undersigned here6y agree(s) to
pey atl costs of collection, including a reasonable attorney's fee. ~
This note is given for purchsae money oi real estste and is secured by mortgage to secure debt of even
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Fresentment~ protest, xnd notire sre her~by waived.
s/ Thurston__W.._JAICl~3 ~$EAL~
Thurston W. James
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S~ Agnes__V.__James------------------------------ [ss~r.] '
Agnes v. James ~
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And shall duly, promptl,v, and fully perform, dischnrge, execute, e~ect, complete, and comply with aad ~
abide by each and every the stipulations, agrcements, conditions, and covenants of said~promissory note and
of this mortgage, then this mortgage and the eatate hereby created shall cease and be null and void.
The Mortgagor further covenants as follows:
1. That he will pay the indebtednesa, as hereinbefore provided. Privilege is reserved to prepay at any time,
without premium or fee, the entire indebtednesa or any part thereof not le~s then the amount o# one installment,
or one hundred dollara (i100.00), whichever ia less. Any prepsyment made on othet than an inatallment
due date will not be credited until the nFact following installment due dete.
2. In order more fully to protect the security of this mortgage, the Mortgag~or~ together with, and in addi-
tion to, the monthly payments nnder the Lerrns of the note secured hereby, on the installment due date day of
each month until the said note is fullq paid, will pay to the Mortgagee as trustee (under the terms of this
trust as hereinefter stated) the following suma: _
(a) A sum equal to the ground renta, if sny, next due, plua the premiums that will next become due and
payable on policies of fire and other hazard insurance coveruig the mortgaged pr~operty, plus taxes
and asaesaments nea~t due on the mortgaged property (all as estimated by the Mortgagee and of
which the Mortgagor is notified) less all auma already paid therefor divided b~ the number of montha
f.o elepse before one month prior to the date vrhen such~ground rents, premiums~ taxes, And assess-
ments will become delinquent, auch sumP to be held by Mortgagee in trust to pay said ground rents,
premiums, taxes, and special aseesaments.
(b) The aggregate of the amounts peyable pursuant to subparagreph (a) and those payable on the note
secured hereby, shall be paid in a eingie peyment eech month, to be applied to the following items
in the order sLated:
(I) ground rents, taaes, ass~ments, fire, and other hazard ineurance premiums;
(II) interest on tLe note secured hereby; and
: •<(I~) _a~oQrtizaUon of the principal~of eaid ~ote. " .
Any deficiency in the amount of auc}~ aggregate montWv papmen~ ahell~ unlesa made good by the Mortgagor
pr~ior to the due date of the next such payment~ constitute an event of default under ~is mortgage. At''r~
Mortga~ee's option, Mortgagor will pay a"late charge" not etceeding four per centum (*%'o) of any install- ~ ~
ment w6en pa~d more than $iteen (15) days sfter the due date thereof to cover the extra eapense involved
in handling de~
quent payments, but such "ls ~charge" ahall not bepa
yable out o[ the proceeds of any sele ~
made to satisf tbe indebtedness secured hereb unlesa such proceeda ere su~'icient to d~scharge the entire ~ ~
indebte~nese and sll proper costa and eapenses secured hereby.
3. I# the total of the pa~yments made bq the Mortgag~or under (s) of paragraph 2 preceding shall exceed the U~
amount of paymenta actually made by the Mortgagee, as trustee for ground rents, taxes and as.gessmenta, and
insurance premiums, ae the case may be, such eacess shall be credited on subsequent payments to be made
by the Mortgagor for such itcma or, at Mortgagee's option, as trustee ahall be refunded to Mort~agor. If
however, such monthly pay~nents ahall not be sufficient to pay such items when the same ahall beoome due
and paysble, then the ~'Iortga~or shall p~yRto the Mortgagee es truatee ano amount necessary to make up
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