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Home My WebLink About1263 TO HAYR AND TO HOLD 1I1!' SAIiIA~ to~rther w~th sU und singulwf the tenements, heredituments snd sppu~- tenanrns thereunto belonging or in anyw~+ aPpe~taininR~ i?nd the reversion and revcrsions~ trmainder or re- - ~nainders~ and also ell the estale, nght~ title~ ~nteroa~~ 1?om~~alead, dower and ~ight ot dower~ s~ ~xrhte estate~ poasession, claim wnd demand whstsoover~ sa woll in !ew as in eq~ait,y~ ot tho sxiJ lllortgagor ia un~. to the same and c~verv part thereof~ w7th the appurteniu?ces of the said \lortgagor in and to the same~ and every part end pamel tlicrnoi unto the said Mortgagee in tee simplo. ~ The Mortgagor 1?ereby oovenants with tho Mortgsgee~ ti~wt he is incleieasiblv scized ot said land in fee simple or auch other estate, it snv, as is statc~i }~erein; that he hns [ull power and law~ul right to convey ~the same as atoresaid; t,hat the lsnd ia free from all encumbrances except as herein otherwise reciteci; that said Mortgagor will make such tur~her assurancea t.o prove lhe atomsaid title to said lsnd in sui~i 11Sortgagce as may be mason- sblyrcquired~ snd thst ssid 1ltortgagor does hereby fully warraat the title to snid Innd, and every part there~f, snd will defend the same agsinst the lewful claima ot all persona whomsoever. PROVinEU A~ar~va thst it thc ~lortgagor shsll psy unto the Mortge~ee thet cert,ain pmmissory note~ oi which the tollowing is s subetantiai copy, t,o wiL: i 8,800.00 Fort Pierce , Flor;da. ~11y 25 .19 67 FOR VALUR RECS1VTsD~ the undPrai~r?ed pmmiae(s) to psy to the order of Administrator of Veterana' Alisirs, i?n O}iicer ot the ~~~,St~ie~Qfp~; c i•s in suc ofi'i uch snd his or their ussi a th cipa], um of gGHT THOUSAND ~IGAT ~l~~f~~an~ no~'1`~~- = - - - - Dotl~~a 'cs ~p~~u. u~ with intereat imm ddte at ihe rste of 8 per centum ( b~Jo) per annum on the u~np aid balsnce until paid. The said principsl and internst. ahall be pay ble at the offic~ ot the Loan Guaranty Of!'icer, Vetersna Admuuatration Regional OA'ice, in St. Pete=S~urg ~ Florid8 , or at such other lace ss the holder ms d ste in writing delivered or mailed to the debtor in monthl i c~ ments of FI~1'Y-SIXand7~~10~--------------~ollera(tx5g:70 comm~ging on the Y'St dsy of Septe~?ber ~ 19 , and continuing on the 1rSt day of each month thereafter until this note is fully paid, t that, if not sooner paid, the fu?al payment of princi al snd interest shall be due and psyable on the ~~~St day of August , ~9 9~1. Privilege is re8erved to prepay at any time, without premium or fee, the entire indebtedness or any psrt thereof not less thsn the amount of one installment~ or one hundred dollars (t100.00)~ whichever is less. Any prepsyment made on other thi?n an installment due date will not be credited until the next foll~K ing installment due date. If any deficiency in the psym ent of any installment under this note is not made good prior to the due dste of the nea~t such inst~allment~ the entire pru?cipal sum and accrued interest shall at once become due end pay- sble without not,ice at t.he option of the holder of.thia note. Failure to exercise thia option shall not oonstitute s waiver of the right to exemise the same in the event of any subsequent default. In the event of default in tLe payment of this note, and if the same is collected by an attorney at lsw, the undersigned hereby agree(s) to pay all costs of collection, including a reasonsble attorney's fee. This note is given for purchase money of real eatate and is secured by mortgage to secure debt of even dste herewith, given and delivered by the underaigned to psyee on certain real pmperty deecribed therein. Presentment, protest~ and aotice are herwby waived. State Documentary Stamps in the /s/ URAL MORGAN HAMILTON amount of $13.20 attached to UraT-Morgan ~HemiYtari'----""""'""""~~" ~BE~''~ original and canceled. /s/ MARY F. HAMILTON ISEAL~ i~ary -~`:--~amii~oii (SEALJ IBEAL~ ' And ahall duly, promptly, and fully perform, discharge~ eaecute~ etfect, oomplete, and coraply with snd . sbide by eech and every the stipulationa, agreements, conditions, and covenants of said~ prnmissory note sad ot this mortgage, then thia mortgage and the eatate hereby created ahall cease and be null and void. ~ The Mortgagor further oovenants as follows: ~ 1. That he will pay the indebtednesa, sa hereinbefore provided. Privilege is reserved to prepay at any time, ~vithout premium or fee, the eatire indebte~nesa or aay part thereof noC less than the amount of one installment~ ~ or one hundred dollars (t100.00), whichever ia leea. Any pr~epsyment made on other than an installment [ due date will not be credited ~until the neat following installment due date. 2. ~n order more fully to pmtect the security of this mortgage, the Mortgagor, together with, and in addi- tion to~ the monthly payments under the terms of the note secwed hereby, on the ic~stallment due date day of each month until the said note is fully paid, will pay to the I~iortgagee as trustee (under the terma of this " trust as hereinafter ststed) the following sums: (a) A sum equal to the ground rents, if any~ neut due, plua the premiums that will next bec.ome due and payable on policies of fire and other hazard insurance covenng the mortgaged pr~operty~ plus tsxes and sesesaments nea~t due on tLe mortgaged property (all as eatimated-by the Mortgagee and ot which the Mortgagor is notified) leas all sums already pa~d therefor divided b~? the number of montbs to elapse before one month prior to the date vrhen suchground rents, premiums, taxes, and asse~- merita will beoome delinquent, such sums to be held by Mortgagee in tru~t to pay said ground rents~ premiums, t~axes, and apecial aseessments. (b) Theaggregate of the amounte paysble pursuant-to subparagrap6 (e) and those payable on the note ; secured hereby, shsll be paid ia a single paymen~ each month, to be applied to the following items in the order atated: (I) ground renta, tsxes, a~arnenta, Sre, and other hszard insurance premiums; s (II) interest on the note aecured hereby; and (III) amortizatioa of tLe principal of said note: ~ Any de&ciency in the amount of such aggregate monthly payment shsll~ unlesa msde good by the Mortgagor ~ prior to the due dats of the ne~t, such payment, constitute an event of default under this mortgage. At 1Vlortgagce's option, Mort~agor will pap a"late charge" not exceeding four per centum (4°Jo) of any install- meut wfien paid more than $ftcen (15) dsya a!ter the due date thereof to cover the eatra eacpense involved in handling delinquent payments, but sueh "Iste chatge" ahall not be payable out of the proceeds of any sale made to satisfy tbe indebtedne.ss secured hereby, unless such proceeds are eu~cient to discharge the entire ~ indebtednees and all pmper costs and expenses secured hereby. } 3. If the total of the pa~yments made by the Mortgagor under (a) of paragraph 2 preceding shall eaceed the amount of payments actually mede by the Mortgagee, as trustee for ground rente, taxes and asaesaments, and inaurance premiuma, as tt~e case may be~ such excess shall be credited on subsequent payments to be made by the tiiortgagnr for such itema or, at Mortgagee's option, as trustee shall be refqnded to Mort~a~;or. If, howerer, such monthly pafinents shall not be sufi'icient to psy such items when the same ahall beoome due and payable, then the rlortgagor shall pay to the biort~gagee as trustee any amount necessary to make up ~QOK~U~ YAC~~z~ ~ - - ~ . ~ ~ - ~~r „ - - - - ~ ~ ' `~_T: rs~~ . . -