HomeMy WebLinkAbout1441 . ~ f ~ti.i
To A~vs ~xn a~o Hoi.a the same. to~ether with aU and aingul~ ~the teaements, hereditanunta and appur~
tenances thereunb belongit~g or in.anyw~ee appe~taining~ ~nd the reversion ond revecsions, rem~inder or rs-
mainders, ~nd ~~11 the estste, ngh~~ title, int.erest~ homestead. dower +uid oi dower~ separate estat,s~
paseesion, claim and demand whst,soever, as weU in l~r? ~?s in equity~ of tho s~id ortgagor ia ~nd b the same
and every purt thereof~ wit~ the sppurtenances oi Ehe s~id Mortgagor in aad to the sune, en~ every put ~u?d
pi?rcel thereot unto the eaid Mortgagee in fee le. -
The Mortgagor Lereby ooveaaata with the~Mortg~g~ee~ /ha6 he » indeteasibly seised oi said land in fee
simple or such other es~atie{ ~i any ~s is atated hereii?; t~had he h~s tuU povrer aad lawtul ri~ t ~o oonvay ~the s~une
~s nfores~?id; th~~ the land ~s iree ~rom ~?ll enuumbrancos exoept ~s herein otherwise recit,ecl; tb~~ said MortgsSa+~'
will m~?ke such further ~sur~nces to prove the doresaid title to said l~nd 'ut si?id Mort{zsg~ee as may be reaeon-
req uired. uad that said Mort~a~r does hareby fullp warraat tbe u~la to eaid lund, snd avery put thereof,
an will defend the sune ~gainst t-he 1~?wful claims of.~ll petsoas whomeoeqer.
Pieomaaa ALweYS th~~ ii the Mortgagor ahell piy unto ~he Mortgagee thst certain promissory nots~ of
which the following is ~ subatsnti~l copy~ to wit:
i 12,500.00 Fort Pierce , g~orids.
. July 28 ,19 67 .
Foa VeLVS RscEtvsa the unde ' ed romise s) topay t~o ~the order of
as Aiminiatr~tor of Vetersaa' AQsira, an O!$cer of the
rJ . ~n suc ofR ch and hia or their seeigns, th p~,~ of
~~IO~.~a~ll~~ an~` no°9'lb~`- - - - - Do Ars = ~L,500.~` )
w+ith interest from date ati t6e nte of Six per cen~um (~~o) per an.num on the
unpud balance uata'1 paid. The said princi'pal and intRres~ ah~ll be pa,,,yable.at the o~ces~the~att Giusranty
Officer, yetersns Adminiatration ~onv O~'ice, in St. Yetersburg , 1~ oriaa, or at auch
otherG~l'i`Y as the ~qlc~er m~y de~n~te in writing dalivered or msiled to tbe debtor ~n monthl enta oi
EI and S4/100- - - - - - - - - - - - • - - - ~
oommeac~' on tbe firet day oi Sep tewber , 19 , aad oontinuing oa t,Le
d~ ~ fi~8t d~y oi each month tLer~atter natil ~is note is fullY paid, excepL t~s~, if not woner
pai A Snas~
yment oi p~
9
2pai and interest ahall be dua w.d p~
y~ble on the f i r s t d a
y oi
~
Pri
~ege is reserved to prepay at aay time, without premium or fee, the entire indebtedness or any p~rt
theteof not less than the unount of one inatsllment or oae hundred doUara (i1Q4.00), vvhichever is less. An
prepaymeat made oa other thsa au installment due c~ate ~?ill not be credited until the next following inatsltmen~
dua d~te.
If any deficieacy in the paym ent ot any installmeat under thia note is not made good prior to tbe due date
of the next such inhte~ilment, the entire cipal aum ~nd aa:rued intereet a6nllll et once beoome due aad Fay-
a
able ~vithout notice st the option of the lder of this note. Fnilure to ezercise this option ehall not oonst~tute
a ~raiver of the right to exerciee the same in the event of any subeequent defaulti. Ia the eveat of default in tbe
psyment of tbis note, and if the same is oolleated by an attorney st Lw, the underaigned hereby agree(s) to
pay all aosta of collection, including a reasonsble attorney's fee.
1'hia note is given for pw~chaee money of real estate and is eecured by mortgago to secure debt of even
date hererMith, givea and delivesed by the underaigaed to payee on oertain real properby deecribed tLereia.
Presentmeat, proteat. and notic~e ere hemby waived.
/ s / WILLIAM MENOHER [er.~?L~
State Documentary Stamps in the
William Menoher attorney-in-fact
• ~amount of $18.75 attached to for Richard R. ~?atter
[sa~+L]
original and canceled.
__/sf SUSAN_ M. VATTER _ [essL]
Susan M. Vatter
[e~?LI
And ahall duly, Promptly, and fully pertorm, discharge, ezecute, effect, complete, and comply with and
abide by each sad every ~tLe stipuiationa, sgreemente~ conditiona, and covenants of sud~ promiseaty note and -
oi this mortgag~e, then this mortgage and the eatate hereby crested ahall cesse and be nuU and void.
The Mortgagor further covenants as follow~:
1. Tlut ha will psy the indebtedn~s, as hereinbefore pmvided. Privilege is reserved to prep~y st any ame,
without premium or fee~ the entire indebtednees or say psrt thereof not lees than the amount oi one inata[iment,
or one hundred dollara (iI00.00), whic~hever ie lees. Any, repayment.made.an ot~er t~ua aa iuat~aUment
due dste ~vill not be credited uatil the nezt following ins~~ due dste. '
2. In onier more fully to protect the eecurity of this mortgage the Mortga
g~
or, togetherwit~?, snd in sddi-
tion to, ~e monthly payments under the terms of tho not~ ae~tire~ h~eby, oa t-he inetallment dne
dste d~y of
each month until the eaid not~e is futly paid, will psy w the Mortgsgee ae trustee (under the Lerme of Lhie
tsuet ae hereinafter ststed) the following eums: -
(a) A sumequal to t6e ground rents, if mp, nezt~ due, plus the premiums thst will neat become due and
r
psy,~le on policies of fire aud other haaard insurance oovering the mo pr~operty~ plus taxes
and aeeeesraents neut due on the mortgaged pmperty (all as eatimst,ed t,he Mortgagee and of
which the Mortgagor ia notified) lees all awna alr~~dy pa~d therefor divided ~p the numb~r of moatLs
to eiapse before one month prior to tbe dste rvhen such~ground reuta, premiums, tasea, and seseas-
ments will becwine delinqusnt, such suma to be held by Mortgagee in trust to psy said ground rents,
premiums, taxes, and speciat aseeesmeats.
(b) 1'he te of the amounta ~aysble pursuaat Lo subpuagrsph (s) end thoee psyable on the note
eeciu~d by, aLall be paid ~n s single psyment each month, to be spplied to the foUowing it~ems
in the order ststed:
(I) ground reata, tazes, aeeese~nents, Sre, and other_hasard i~sur~?nce premiuins;
(II) intereet on the note secured hereby; and
(I~I) am?ortia~tioa af tbe principd of eaid note. .
Any de6cieacy in the smount oi such aggregate montlily psyanent shnU unlesa made good by the Mortgagor
prior to the due d~t~ of the ae~t such pa~nent oonstitute an event o~ defsult under this mortgage. At
Mortgagee's option, Mortgagor will pay a`late c~arge" not ez~eeding four per centum (4%) of aay install-
ment vvfiea paid more thaa fifteen (15) daya atter the due dste thereof to cover the eatra expense ~noulved
in Landling delinquentpsyments, but such "late c~srge" sLall not bepaysble out of the proceeds oi any sale '
made to eatidy the indebtedness eecured herebq~ unieas such proceeds are su~cient to discharge the entire
indebtednees snd all pmper caste sad espenses eecured 6ereby.
3. Ii the total of the paymente made by the MortRagor under (s) af paragreph 2 preceding sha11 e~xceed the
amount of psyments actually made by the Mortgagee, as Lrustee for ground renta, taxee snd aeeeesmente, and
insurance premiums, sa the csee may be, euch excees ahall be credited on subsequent psymenta to be made
by the Mort~a~or for such itema or, st Mortgsgee's option, ae truatee ahall be refunded to Mort~sgor. If
however, sucb monthly payments shsll not be sufficient to puy such items whet( the asnte ahall beoume due
. snd payable, then the 1Vlortgagor ahall pay to ~~~ee any amount aeceesary to mske u
' 8~ P~~~~ P .
_ _ . _ _
~ u ~ ~ "'~aa i~~:~ ^ ~
~ "'La;=.~'+