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To H~va sxo a~o Hoi.n the ssme. to~+ther with all ~nd aic~gulac the tenements~ heredita?ments and ~ppur-
ten~ncPS thereunt,o ~elonging or in anyw~se appeitaining~ nnd the revecsion und reveraiona~ mmunder or re-
maindera, iutd ~?leo all the estate~ right~ title, tntere86, homeatead~ dower und ri~h6 ot dov?er, separwte eatate~
poeeesaion, claim und dem~nd whateoever, as weU in l~w as in equit,y~ of tho suid 1liortgagor in snd to the eame
•nd every psrt thcreof~ with f~te ~ppurtenancas oi the s~id Mortgsgor ia and to the asme, und overv pqr6 sn~
paroei then+of unto Wie eaid Mortg+~gee in fee simplo. '
The Mortgagor hereby oovenanta with the Mo~tg~gee, ~hat he is indefeasibl~r seis~sd oi ssid l~nd in foe
aimple or such other ~statet ii any as ia arat~d herein; tLat he haa fuA power and lawiul right to convoy ~the same
•s aforesaid; thst the land ~s free ~rom sll encumbranoos exoept as hereu? otherwiae recited; thst st?id Mortgsgor
~vilt mske such further aasw~nces to pmve the doresaid tatte to said l~ad in asid Mortgag~oe as msy be reason-
abl req uired. and tha6 said Mortgagor doee hereby tully aamnt the tiLle to suid lund~ snd every put thereof~
an~wrill defend the same against the l~?wf ul claitns ot all pereons whomsoever.
Pztov~Dan AL~v~YS th~~ if tLe Mortgag~or ah~?ll p~?y unto the Mortgagee th~t cerf,~?in promiesory note~ ot
which the follow' gis s substsnti~l copy, to ~nt:
= 6,400.Ov Fort Pierce ~„~d,,,
May 11 ,19 67
FOR VALIIR RECEIYED~ the undereiRned promiee(s) to psy to tha ordee oi W. J. Dr iver
, sa Adminiatrator of Veterana' Atfsirs, an O~'icer ot tha
United 3tste8 oi Americs~ i?nd hia su~rs in such o ce ns such~ snci hia or their. sssigna, the nci al sum of
Si.x Thousand Four Hundred and o~Ob D~11•rs i bp,~+08~00
with interest from date at th8 Tt~B O~ ~ • • • • ~ S~ ~ ~ • • ~ ~ ~ ~ ~ • CBALUM ~ %~o) Per annum on the
u~np sid baluioe until psid. The esid principal and intPrnaw ahnll ps ab]8 t th Qfi'icre of the Loan Gusranty
OH'ioer, Veter~tus Adminiatration Regional O@'ice, in Jacksoi~~l~~ F~or ~as , or st suc6
otLer place as the holder m deaign~te in writing delivered or raailed to the debtor in mo
~~~naf~+~imr~.!a of
Forty-0ne and 28~00 ...............................~ollsra i i•~a
oommenc~ng on the g~j~$t day oi July~ , 1967 , and oontinuing ..n tha
FiY'st day oi each month thereafter until ttis note is fully puid~~rstthat, ii not ~nof
paid, the find payment of principal snd intenet ahall be due aad paysbie on tha y
June ,19 92
privilege is reeerved to prepsy at sny time, without premium or fee, the entire indebtedness or sny put
thereof not lees than the amount of one instsllment, or one hundred dollara (i100.00), whichever is less. Any
prapsyment made on other than an installruent due dsts wiU not be creditcd until the neut following inataUment
due date.
If any deficiency in the pa~n ent of any inatallment under Lhis note is not made good prior to the due date
of the nert such installment, the entire princapat sum aad s«:rued inLerest shsll st onoe beoome due ~nd Fay-
able~~vithout notioe at the option of the holder of thia note. Failure to e~cercise this option ahall not uonstatute
• ~raive~ oi the righ6 to e~cerciee the same in the event oi any aubeequent detault. In We event of defsult in the
paymeat of this note, and if the same is o~llected by sn attorney st I~w, the underaigned hereby sgree(s) to
psy all oosts oi oollection, including a reaeonable attoraey's fee.
This note is givea for purc6ase money oi real estute aad is eecured by mortgage to eecure debt of even
date herewith, given ~nd delivered by the underaigned to psyee on certsin resl pmperty describ~d tberein.
Preaeatment, protest•, nnd noti~e e?te hereby waived.
Arthur E. Ross
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, ~s~
,~s/ Irene Ross [e~?Lj
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r ~BEAL~
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~ And shall duly, promptly, and lully perform, discharge, execute, e8ect, oomplete,, snd comply with and
sbide by each aad every ~the atapulations, agreement8, conditaona, snd covenante of aaid~ promiseory note aad
of thia mortgage, then this mortgage and the eetsts hereby created shaU ceaee and be null aad void.
The Mortgagor further oovenants ae follows:
1. ThaE he will psp the indebtednees, es hereinbefore pmvided. Privilege ia reeerved to prepsy st an time,
~vitLout premiwn or fee, the entire indebte~ness or any part thereof not lees thsn the amount of one u?s~ment,
or one hundred dollars (i100.00), whichever ia leee. Any prepsyment msde on other than an inatallment
due date will not be credited until the nezt following iastallment due date.
2. In order more fuIly to pmt~ect the aecurity of this mortgage, the Mort,~a~or, together with, and in addi-
tion to, the monthly paymente under the terma of the note-seoured hereby~ on ttie installment due dste dsy of
each month ~ntil the awd note ia fully paid, ~ill ~ay to ~he Mortgagee aa truat~ee, (under the terma of this
~ truat aa hereinaEter atsted) t~ followiqg-sums: . ~
(a) A sum equd to the ground r~nts, J any~ nezt due, plua the premiuma that ~will ne~ct become due and
payable on policies oi fire ~ad other hazud inauranoe covering the mortgag~ed pmperty~ plns taxea
and ~ments ne~ct due on the mortgsged pmp~erty (sll as estimsted-b~r the Mortgagee and of
which the Mortgagor ia notified) less aU sums already paid therefor divided b~r the number of montha
to elspse before one mont~ prior to the dste when such~ground rents, prem~uma, taxes,-aad aaeess-
mente will beoome delinquent~ auch suma to be held by Mortgagee in trust to psy aaid ground rents,
premiums, taxes, aud special aseeasments.
(b) T6e~rgs
te of the amounts psqsble purauant to subparagraph (a) snd thoee payable on the not~e
secured hereby, shall be pud in s single pspment each month, to be spplied to tLe following itema
in the order stated: ~ - -
(n 8round rents~ taxea, aseessment8, fire, and other haasrd insurance premiuma;
(II) int~erest on U?e note eecured hereby; and
f
iII) amortizstion of the princip~l oi asid ~note.
Any deficiency in the smount of auch aggregate montlily psyment sh~ unlees msde gopd by the Mortgagor
°°O pn~or to tbe due d~tb ot the ne:ct suc6 pstyment, conatituts an event~~Hefault unde~tLis mortg~ge. At
'~"O Mortgsges'a option, Mortg~gOr WiU psy s'Lte charge" not eaoeeding7dl~E per centum of sny instaU- 4~` •
1-~ menti
wLsn ~,a~d more than Sfteen (15) d~ys ~it,er the due dste thereof to cover the extn expense ~nvolv~,(
~ in handling delmquent psyments, but such "late chsrge;' shall not beps
ysble out ot the proceeda of any sale
msde to satiafy the indebtednesa secured hereby, unlesa such proceeds ~re su~cient to dischsrge the entire
indebtedneos and all pmper costs and ezpe~es secured hereby.
~ 3. If t6e tot~l of the pa~
ymeats made by the Mortgag~or under (a) of paragraph 2 preceding shall eaceed the
amount of paymente actually msde by the 1Sortgagee, aa truatee for gmund rents, taxea e~d sa~essmente, and
~ insurance premiums~ as the caee msy be, such excees ahall be credited on subaequent payments to be made
~ bq the Mortqa~or for auch items or, at hiortgagee's option, as truatee ahall be refunded to Mort~agor. If,
0 however, such monthl~~ psyment8 ahall not be sufficient ;o pey such iterns when the sama shall~~~' t~
and payable, then the Mortgagor ahall pay to the liortgagee as trustee any amount necessary to +n'te~'tip
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