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Home My WebLink About2604 • . . To H~va exn ~ro Hoi.u the same~ tc~+the~ with ~ll eu~d aingul~ the tenemente~ hereditamenta and ~ppur- tena~cra ther~unta Mlonging or i~ anywise ~ppertaining~ eu~d the reversion ru?d reveraions~ remsinder or re- msinders, ~nd also all the eatate. right, ~itle~ inte~est~ homestcad, dower und righ~4 ni dower, separate cstate~ poasc~saion~ claim Rnd demand whateusver~ ~s well in lsw as in equity, oi tho si~iJ Mortgagor in and to the same and every pert th~reof~ wiW? the sppurlenancos oi the aeud Mortgagor in snd to th8 e!!~e~ snd overy part und psrcel thereoi unto the sa?id Mortgagee tee simplo. The Mortgagor hersby coveaant8 with the Mort~gee, that he is inde[easibly seized ot said lsnd in fee simple or auch other esU?te~ ~f any ss ia atated hecein; t,hat he has tull power and luwlul right to oonvop ~the same as uforessid; tha6 the lend is free ~mm e?U encumbrancas except sa herein otherwise reciteil; that ssid Mortgsgor will make such lurther e?asurences to prove t.he aforesaid tiWe to said laad in suid Mortgag~ee as msy be resson- i ablyreq uired, and that ssid Mortgagor does hcreby fully wurant the tiWe to si?id tund, snd every part thercwt~ ~ snd will defend the same againet the lswf ul clsims oi all persona whon~oever. ~ PROV~nsn AL~v~Ye ths~ i! t,he Mortgagor sh~ll pay unto the Mortgegee thst oertain promissory note~ ot which the following is a substantial copy~ to wit: gort Pierce , Florida. 11,500.00 March 2 ,19 67 FOR VALUR RBCSIYSD~ the undersiRned promiee(s) to pay to the oider of Admims4rstor nf Veterans' Atfairs, t?n OtFicer of the United States of Americs~ end hia aucc.eseore in suc office ch~ and his or their aeaigna, th s of Eleven Thousand Five Hundred an~ no/~~'- Dol~ra (s ) with intereat from dste st ~he nte of 8iX per centum ( per snnum on the u~np e~id bslance until psid. The asid principal and intemst• ahAll be pay able st Lhe offi ot t,he Losn Gusranty 08'icer, Vetersna Administration Regional Oliice~ in St. PetersbLlY$ ~ FZO~dB , or st such other plsce sa e holder te in writing delivered or mailed to the debtor in mont ~ menta of Seventy-~iur anc~"~~~-- - - - - - - - - - - - - ~o11s*~ r:~4:~ ~ com~n cin on the first dsy oi Ap=il , 196 snd continuing on the . ~1r8~ daq of each month thereafter until this note is fully puid, except thst, if not sooner paid, the Snal peymen6 of principal and interest ahsll be due and psysble on the first dsy oi March ,19g2. Privilege ia reserved to prepay at any time~ without premium or fee, the entire indebtednesa or any psrt thereof not lesa than the amount of one inatallment~ or one hundred dollais (i100.00), whichever is less. Any ; prepsyment made on other than an installment due date will not be credited until the next following instaUraent due date. If any deficiency in the paym ent of any installment under thia note is not made good prior to the due dste of the next such installment, the entire princ~pal s~m and ac~:rued interest ahall at on~ be~ome due end psy- able without notice st the option of the holder of thia note. Failure to ezerciee this opt,ion shall not constitute s waiver of the right to eacercise the same in the event of any subeequent default. In the event ot defaalt in the payment oi this note, and if the same is collected by an attorney ~t lsw~ the underaigned hereby agree(s) to psy all costs of collection, including a reaeonable sttorney's fee. This note is given for purchase money of real eatate and ia secw^ed by mortgage to secur8 debt oi even dste herewith, given and deliveted by the underaigned to payee on certain real property described therein. Preaentment, protest, tuid notice are herr.by waived. STATE DOC[TMENTARY STAI~S IN THE AMOUNT / s/ ROBERT A. OSTEEN IBEAL~ OF $17.25 attached to original note Robert A. Osteen ! and canceled• - ISEALJ I IBEALI i ~ : IBEAL~ 1 And ahaU duly, promptly, and fully perform, discherge, e~cecute, effect, complete, and oomply with and ? abide by each and every the stipulations, sgreementa, conditiona, and covenanta oi said~ promissory note and ; of this mortgage, then tLis mortgage and the eatate hereby created shall cease and be null and void. ~ The Mortgagor further c~venants as follows: 1. That he will pay the indebtedness, as hereinbefore pmvided. Privilege ia reaerved to prepay st any time, ; without premium or fee, the entire indebtedness or any part thzreof not lesa than the amount of one instaliment, or one hundred dollara (i100.00), whichever is less. Any pr~epsyment made on other than an installment # due date will not be credited until the nea~t following installment due date. ~ 2. In order more fully to protect the security of this mortgage, the Mortga~or, together with~ and in addi- tion to, the monthly paymenta under the terms of the note aecured hereby, on the installment due date day of each month until the said note is fully paid, will pay W the :~iortgagee as truatee (under the terms of this trust as hereinafter state~) the following sums: (a) A sum equal to the ground rents, ii sny, neat due, plus the premiums that will next become due and ~ psyable on policies of fire and other hazard insurance coveru~g the mortgaged pro~perty, plua tsxes and assesamenta next due on the mortgaged pmperty (sU as estimated b the Mortgsgee atyd of which the Mortgagor is notiSed) less all sums already paid therefor divided the number of montha ~ to elspse before one month prior to tLe date when such~ground rents, pr~*r+~uma, taxes, and assess- ~ ments will become delinquent, such sums to• be held by Mortgagee in trust to pay said ground rente, premiuma, taxes, and apecial aseesaments. ~ (b) Theag~regate of the smounts psyable pursuant t~ subparagraph (e) and those payable on the note secured hereby, shall be paid in s aingle psyment each month, to be applied to the lollowing itema # in the order ststed: - : (I) 8round renta, taxes, aseessmenta, fire, and other hazsrd insurance premiuma; . ~ (II) interest on the note aecured hereby; and Q (III) amor~zation of the principai of eaid note. ~ Any deficiency in the smount of such aggregate monthly psyment shaU, unlesa msde good by the Mortgagor prx~r to t6e due dst~ of the nexL such payment, constitute an event of default under th~a mortgt~ge. At ~ Mortgagee's o tion, Mor~agor w ill pay a"late charge" not eacee~ing four per centum (4%) of any install- ment when pa~d more than ~ifteen (t5) dsya siter the due date thereof to cover the extrs expense ~nvolved : in handling delinquent payments, but such "Iate charge" a6a11 not be payable out of the proceeda of any sale j ~ made to satiafy the indebtedness secured Lereby; unlesa such proceeda sre sufficient to a~charge the entire ~ ~ indebtednees and all proper coate and expenses aecured hereby. ; ~ 3. If the total of the pa~yments made by the Mortgagor under Es) of paragraph 2 preceding ahall exceed the °Co amount of paymente actually made by the Mortga~;ee, as truatee for ground rents, taxes and ~ments, and ~m insurance premiums, as the case may be, such eacesa ahall be credited on aubsequent payments to be made • by the Mort,~a~or for such items or, at Mortgagee's option; as trustee ahall be refunded to '.4iort~aRoc. If, l~owe~ er, such ?nonthl~ payments ahall not be sufficient ',o pay such items when the same shail beoome due an~i pn}-ahlc, then the ~1oMgagor ahall pay to the 4lortga~;ee as trustee any amount necea~nry to make up , _ _ _ - ~.,n:r=.~~ ~ w; - - ~ ~ ~ ~