HomeMy WebLinkAbout2246 To H~~s erro ro Ho~ the aame. t~oqe~hee with all ~nd singida d?s teneineats, heredtta?menta and appue~
tsna~aes t~henunto belonging or in anywus appe ~ t~ ~ecsion ~nd nversions, remainder or rs-
mainders. snd also all the est~te, righ~~ title, ww~mesu~i~m?ee and ~t oi doweq sep~rate e~tats~
poeeeesion~ claim ~nd demand ~vh~taoever, as ~vell in Lw as in eqmty~ of tba suid oMg~go~r in and to the sam~
and every p~rt thereof, w?ith the ~ppurLen~aoas oi tbe asid Mortg~gor in ~nd to the saune, and every put ~nd _
paroel thereot unto the ssid Mortgrg~ee in iee simple. ~
Tbe Mortgag~or I?ereby oovenants with tLe Mort$aAee, th~~ he is indeteaaibly eeisad of asid land in tes
simple or such other estate; if any as ia st~ted hereia; tba~ he hsa tull power and 1~wlul b ooavey ~the ssme
as doresaid; thst tbe land ~s iree ~mm all eacumbn~nooe exoept as herein ot6erwise recit,eil; tbat said Mortgag~otr
~vill m~ke such further assur~ncee to prove tbe doresaid 4ue t~o soid land in eaid Mortg~g~ee ~s may be re~so~?-
sblyreq uired. and thst said Mortgsgor does hereby iuUy warran0 tbe tide to aaid land, and ever~ patt thereof,
aad will defend the aarae ~gainst t6e l~~vtol claims oi all pereons ~rLomsoever.
PROYIDED ALwe~rs tLsti ii the Mortgagor ahsll p~y unto t~e Mortgag~ee th~t oertain pn~miaeory note~ of
w?hich tbe follo~ is a subatantial oopy, to wi6:
= 8,250.00 Fort Pierce ,1~iorid•,
June 14 ,19 67 a
FOR VALVI! IZECEIYED~ tha undersi~ned promise(s) t~o pa~ to fbe order of ~
~~s A ninistrator of Veter~ns' ABaira, an OH'ioer oi the
United 3t~?t~es of Ame~rica, and his succeeeors in such of~'ice~ us su and his or their assigna, thc~ ca sum of
u
EIC~HT THOUS~IND 1W0 SUNDRED $~XTY and no~"100- Dol~.~ ~~2~~ O~Ot~
with interest from d~te aL the rate of per ( Per
u~npa~d balaaoe unt~ paid. Tb~e said princs'pal and interee ahaU~pa ab e at tha~,~ ~Loun (~uaranty
O~oer, Veterans Adminiatration Regional O~oe, in ~t. PeL~S~tlrg ~ FlOr d8 , or ~t such
~ - e 8tli~ 11! ~UIT ~ in wni6ing delivered or mailed to the dabtor ia mon~9 . lt~Umeata ot
- - - - - - - • - - - - - - - ~
aommenc~. on t~e first d~y oi July ; 19 7, and~o~tiuning on ttie
~irst e aay oi.each month tLeredter unh7 t~s note is iullY Paid. pt t~hst, if not sooner
paid, tLe Snal payment of :l and interest shall be due aad payable oa the t~rS t d~y ot
June ,1~~.
Privilege ia reeerved to prep~y st any time, without premium or fee, tha eatire indebtednees or any part
thereof not lees thsn the smount of one installment, or one hundred dollais (i100.00). ~?hic: ia lees. Any
prepsyment msde on other than an inst,allnien6 dua dste will not be credited until the next iollowing installment
dna dste.
If any deficieney in the peym ent oi any i~tsllment under this note is not msde g~ooci pri~* b tLe due dste
of tLe neat such inatallment, the entire princip~l sum and aix;rued interesti ahall ~6 onoe beoome due and ~sy-
sble ~vithout notice st tLe optaon oi the holder of t~hia note. Failure to euerciee this option aha11 not oonatatute
s wraiver of the rigLt to e~cerciae the esme in the event of any subeequeat default. In the even! of detanlt in t~re
paymeati of this note, and if t6e aame is collected by aa attorney, aL law~ tLe uaderei~gned hereby agree(s) to
pay all costs of oollection, including ~ reaeonable attorne.g's fee.
This note ia given for purchase money oi real estate and is aecured by mortgag~e to eecure debt of even
date herewitL, ~ven and delivered by the undeisigned to psyee on oert:in re~il pmper6y dee~xibed tbe~rein. .
Preaentment~ protrst~~ snd not.ice are hereby ~raived.
_ /s/ ELBERT GARRETT
State Documentary Stamps in the [Bg~L]
.
amount of $12.45 attached-to Elbert Garrett
original and canceled. ~8~ ~ris L. Garrett _~8~~
- - -
" ]~o'ris ~airett
[es~+ra
{ [s~?*~l
~ And ahall duly, promptly, and fully perform, diecharge, ~ecute, effect, complete, snd comply with and
' abide by each snd every ~tLe atapulationa, agreementa, conditions, and covenants of said~ pmmiaeory note aad
j of this mortgage; t6ea t,bia mortgage and We eatste hereby cxeated e6all ceaee aad be nnll aad void.
~ The Mortgag~or further covenmts as foUovra:
1. That ha will psy the indebtedness, as hereiabefore pmvided. Privile~e ia reeerved to prepay at anp t~me,
rvithout premium or fee, the entire indebtednees or any part t~hP.reof not leee than the amount of one mstallment,
or one hundred dollsra (i100.00), wLichever is lees, My prepsyament made .on ofher: tbaa. ~ inat~llment
due dste will not be credited until tbe nert tollowing inatellmeat dne dste. '
2. In order more fully to:protect the eecurity of thie ~ortga~e tbe Mo r, t~og~etL~ with, and 'm addi-
tion to, the monthl payments under the tern~a of tLeaote secnrec~ hereby,.~ installment due dsts de?y of
each month until ~ said nots is fully.psid, ~vill pay ~o the Martgagee tbe following suma:
(s) A sum equal to t~he ground rents, if any, neat due, plua the pretniums tLat ~v11 ne~ beoome due and
psyeble on policies of fire and other haaard msurance oovering the mo~ pm~perty, ploa tszes
and aseesamente neut due on the mortgaged prop~erty (all ss es~imated the Mortgag~ee and of
_ which the Mortgagor ia notified) leea aU suws already paid therefor divided ~p the number of months
to elspee before one month prior to the date when gnch~ground renfe, premiums, tazer, aad aseeas-
mente w~ill beoome delinquent, auch suma to be held by Mortgagee in trnst to psy eaid ground rents,
Premiume, ta~ree, and special aeeeesn?euta.
(b) Thea~r~s
te of the amounta payable purauant to subparagrsph (s) aad thoee psyable on fhe note ~
~ eecured hereby, shall be paid in a s~ngle payment each month, to be applied to the following items
in the order stated:
~ (I) ground rents, tazea, aeeeesments, fire, and otLer hasard inauraaoe premiums;
(II) int~erest on the note eecured hereby; and - 1
(III) amortiastion oi the principal oi seid note. '
Any defiaiency in t~6d amount oi sucL ag~egate id'ontbly paymedt sbaU unlesa made good by tLe Mortgsgor
pr~ior to the due dat~ of the neat such pa~anent conatitute an "event o~` deiseilt under this mortgape At
Mortgagee's o~tion, Mort~agor will psy s`lste c~arge" not ezceeding four per centum (4%) of ~y mst~ll-
ment wfien paid more thsn $fteen (15) da}ra after the due dste thereoi to oover the eutra eipense involved
in hsndling delinqnentps
yments, but sucb "late charge" shsll not beps
ysble out ot the proceeds of any ssle
made to astisfy the indebtedneas eecured Lereby, unless such pm~e~ sre su~cient to ~~hsrge tLe eatire
~ indebtednees and aU pmper coeta snd e:penses secured hereby. l
!
3. If the total of tl~e paym ents made by tl~e Mortgagor undeT (s) of paragnph 2 preceding sh:ll eaceed tLe
amount of psymenta actually made by t6e Mortgagee, for ground rents~ ta~~rs and saseeernents, snd insuranoe
premiums, aa the case may be. such e.~cess ahall be cred~ted on subeeguent paymente to be made by the Mor~
gagor for anc6 itema or, st Mortgagee'a option, s6~ll be refnnded to 1VIo r. U, 6owe~er, such monthly
~ payments s6a11 not be sufficient to pay such items v~e~ ~i~~me e due and pay~~e~, ,t~e~ tL~
sa01( UU FACE i . ~ , ~
~ y-.<:~.. f _ - _
_ ~