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Home My WebLink About0107 • . ; . ~ +i t~ . . ~ , To H~ve ~rro ~ro Hot.~ ~he aume~ to~ether vrith sll und aingul~?~ the tenements~ hereditamenta and appur- tenancea thereunta bclonging or in eu?yv~nse aQpertaining~ ut?d thR reversion end ceversiona~ rem~inaer or re- muinders, snd also ell the estatc, ~ight, title, mleroat, homestoad, de~ver and ri~h t ot dower, se e~Nte estats, poescssior~~ clsim snd demend vrhataoever, ae well in l~w as in equi~y, ot thc sai~l A~iortgagor ia ~?n~ ta the same snd every pnrt thereot, with the sppu~tena~ces of the said Mortgngor in and to the asme~ i?nd overy part and parcel Lhereof ~u?to the said Mortgsgee in Iee simplo. The Mortgagor hereby oovenants vrrith tho Morl~agee~ th~t he is indefeasibl~ seiaed oi said lsnd in fee simple or such other esta?te~ if any, ss is atated herein; ti~at, he hxa tull power and law[`~l right to convep ~the same ss aforesaid; thAt the land ia lree trom sll encumbrancas except us herein otherwise recited; thst said Mortgsgor will make such further essurences to pmve~ the afoc+esaid titie to eaid l~nd in asid~ Mortgsgee as msy be reason- ablyreq uired, snd thst said Mortgagor doea hereby fully wan~nt the title to said lsnd, end evcry, part thercof~ snd will defend the asme sgsinat the lewf ul claims ot atl persona whomsoever. Pxovtnsn A~w~Ya that it the Mortgagor shull psy unto the Mortg~c.~e thst certain promissory note~ of which the following is s substantial copy~ to wit: s 4,Z00.00 Fort Pierce, St.Lucie Countr, ~arids. Jwse so ~ 19 69 FOA VALUFs RBCSIYSD~ the undersi~ned promiae(s) to psy to the order of p . Dr irOY, , as Admin~atrator of Veterana' ARsirs, an Officer of the United Sta~es oTAmenca, and hia succeasc~rs in such ofi'ice na such~ ancl his or their assigns. the principsl sum of ~~4r thousa$d tM~ huad~red and no/10~---------- Do11R~s (s4,200.00 vrn intereat from ste at E e rate o s i~ per cent,nm ( 6 °Jo) per snnum on the unp aid balance until psid. The said pruicipal snd interes shwlt be s ablgat thg }i'ice of the Loan Guaranty O~cer~ Veterans Adraimstretion Regional Office~ in JaC~on~i~' ~ F10ll~t . or st such ~ther place sa the holder msy d ate in writing delivered or ma=led to the debtar in monthl installmenta of Fift~-fi~e and 20/10~--- ~olla~a (s ~S.ZO commenc~ng on the 1st day of Au4 ~S~ , 19 ¢7 ~ snd oontinuing on the aay of each month thereafter u~i[il th~s note is fully piud~ except thst, if not sooner • ' p~l~tthe final payment of principal and interest shall be due and payable on the jst dsy of ~y~ 19 ~ ~i Privile 'g^eis reserved to prep ySat any time, without premium.or fee, the entire indebtedneas or any part thereof not less than the amount of one installment, or one hundred dollars (t100.00) ~ whichever is l~s. Any prepayment msde on other than an inst~allment due date will not be credited until the next following installment . due date. If any deficiency in the psym ent of sny inatsllment under this note ia not made gooci prior to the due dste of the next such instaliment, the entire princ~pal sum-and ac~:rued interest shall at once beoome due end psv- able without notice at the option of the holder of thia note. Failure to eaercise thia option ahsll not oonatitute s wuver of the right to ea~erciae the same in tLe event of any sub~equent default. In the event of defeult in the. payment of thia note, and if the same is oollected by sn attorney at lsa~ the unde~si~ed hereby agree(s) to psy all co~ts of collection, including s reaponable attorney'a fee. This note is given for purchase money of real estate and is secured by mortgage to secure debt of even dste herewith, given and delivered by th~ undereigned to payee on c~ertain real pmperty describe~ therein. Presentment, protest, snd notice ace herPby waived. _ C~ ~ - - ~~_._--%l/ IBEAL~ Q/~~ -p- - ' N~~aCAI_-'1G!~'2!"-s!~u--------•----- IBEALJ Thel~a E. Marren IBEAL~ j ~BEALJ ' And shsll duly, promptly, and fuAy perform, discharge~ execute, effect~ oomplete~ and comply with and j abide by each and every ~the stipulations, s~greements, conditiona, and covenants oi said~ pmmissory note and of this mortgage, then thie mortgage'and the estste hereby created ahall cease and be null and void. 1'he Mortgagor further covenants as followa: 1. That he will pay tbe indebtedneea, as hereinbefore piovided. Privil~ge ~a ie~erved to prepsy st any time, ~vithout premium or fee, the entire indebtedness or any part thereof not less than the amount of one instal[ment, or one hundred dollara .(i100.00), whichever is leas. Any p~repsymeat made on other than au installment due date will noL be credited until the neat following installment due date. 2. In order more fully to protect the security of.thia mortgage, the Mortgagvr,.together with, and in addi- tion to, the monthly paymebt8 under the terms of the note secured hereby~ on the installment due date day of . each month until the said note is fully paid, will pay to the Mortgagee as truatee (under the terms of this trust as hereinafter atsted) the following suma: - (s) A aum equal to the ground rents, if any, next due, plue the premiuma that will next become due and paysble on poGcies of &re and c?ther hazard uisurance cover~ng the mortgaged property, plua taxes j and assesamente next due on the mortgaged prop~erty (all aa estimeted b~r the Mortgagee and of which the Mortgagor is notified) less all sums already paid therefor divided b~ the number of montha to elspse before one month prior to the date vrhen such und rents, prenuums, taxes, and ass~s- ments w*~ll become delinquent, such aums to be held by ortgagee in truat to psy suid ground rents, premiums, ta~cee, and apecial asse~ments. (b) Theaggregste of the amounta psyable purauant t~-subparagrsph (a) und t6ose psysble on the note secnred hereby, shall be paid in a single psyment each month, to be applied to the following itema in the order stst~ed: . (I) ground renta, taxea, a~nente, fire, and other hsaerd inaurance premiuma; ~ (II) interest on the note secured hereby; and ~ QII) smortisation of -the principel of ssid ~note. . ~ ~ Any deficiency in the amount of such aggregate monthlv payment shall~ unlesa made good by the Mortgagor pr~ior to the due dsUe of the nes6 such payment~ const~tute an event fault under~his mortgRge. At Mortgagee's option, Mortgagor wiU pay a"late charge" not exceedi r centum of any ~nstall- ~ ment when pa~d more than ~fteen (15) dsys sfter the due dste thereo cover the eatrs eapense involved in hsndli delinquent ps ents, but such "lste charge" s6a11 not be psyable out of the proceeds of sny sale ~ made to s~atisfy the indebt~e~aess secured Lereby, unlesa such proceeds are sufficient to diacharge the entire ~ indebtednees and all proper costa snd expensee secured hereby. t+~ 3. If the total of t6e paymente made bq the Mortgagor under (s) of para~raph 2 precedin~ shsll eaceed the amount of payments sctually made by the ~tort~agee, as trustee [or ground rents, taxea and sssesamenta, and o~ inawance prem~ums, as the case may be, such excess ahall be credited on subsequent payments to be made by the :1~1ort~agor for such itema or, at ~i9rtga~;ee's option, as trustee shall be retunded to titort~agor. If, however, auch monthi~ payments shall not be aufficient :,o pay such items when the same ahall beoome due and parable, then the ~iort~sf;or ahall pay to the :4lortga}Lee as trustee sny amount necc~sa~y to make up ~ k ~ r-.; 3 ~ 4~~~'~ ~ _ - _ _