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Home My WebLink About1957 , i TO RAYB AND TO HOLD Wle 8AII18~ to~tho~ rvith all end sit~ul~~ the t~enements, hereditamente and ~ppur- ~ tensnc~es thereunto belonging oc in ~qy~r pert~ie~n~~the revecaion snd reveraions, remsinder or re- mainders~ snd also ell tho eatate, right, t~, ~teibat;ho ad, dowec and ri gh~ ot dov?er, separAte estate~ posecsaion, claim und demaad whateoever~ as well in lAw ss in equity, oi tlio anid 141ortgagor ia and to the same and every part thcreot~ with the sppurle~nnce8 of the said Mortgagor in and to the asme, and overy part an~ - pucel thereof unto the said Mortgsgee in Iee simple. The Mortgagor hereby oovenants vri~h the MortgsgeE?, thst he is indefessiblv seiaed ot ssid lsnd in fee , ~ simple or such other est.sts~ i! uny sa is state~l herein; that he h~?a (ull power and tawtul right to convo the same ~ s as aforesaid; lhat the land is lree ~rom sU Qncumbrances except ss herein othecwise recitecl; that said 1 ortgag~or • ~ ; will make such iurther assurances b pmve the aforesaid ~iWe to said land in anid MortRagee sa may be renson- ~ sblyreguired~ and that said Mortgagor does hereby Iully watrant the title to si?id land, snd every part thereoi~ , and will defend the same against the lavrf ul claima of sil peraona whomsoover. ~ PROViDSn ALw~YS thst if the ~tortgagor ahRll psy unto the Mortgsgee thst certain promissory not,e. of which the following ia s substential copy, to wit: . i 8,600.00 Fbrt Pierce ,Florids. s~ly 19 .19 67 FOR VALUR RECEIYRD~ the undersi~ned pmmise(s) to psy to the order of N. J. D]eiv'e~' , as Administr~tor of Vcterana' Atfaira, un Officer of the United States of Americs, and hia succeasors i sach office~ as such~ an~l his or their assigns~ the principal sum of ~ $igh~t Thousand 83z ~undred and Ao 100--------------------•-- Dollera (s 8,600.00 with intereat fmm dste at Lhe rate of si7c per centum ( per annum on the u~np aid balsnce until psid. The asid principal and intQmst• shall be~ peyabte at the ofli~c of the Loan Gusranty ; OR'icer, Veteru~a Admu~istration Regional Uffice, in da~keoIIt~illes FlA~'ida ~ or at such ; other place as the hol er msy deaignste in writing delivered or m=iled to th =d=bt~r in monthly inatallments ot ~ P'ifty-Oae and 57~100------------------------- ~ollara (i 51.5'J commencing on the fiT'at day of 3epte~! , 19 67 , aad continuu~g on the !11'at day of each month thernafter until this note is fully paid, exce~ pt thst, if not sooner paid, the Snsl payment of pnnci el snd interest ahall be due and payable on the Tirst dey of ,~9~ Privilege is reserved to prepay st any time, without pr~miura or fee, the entire indebtedness or any part thereof not lesa than the amount oi one inst,allment~ or one hundred dollara (t100.00), whichever ia less. Any ; prepsyment rasde on other then an installment due date will not be credited until t.he next followin~ installment due dste. - If sny deficiency in the paym ent of sny installment under this note is not made good prior to the due date ; of the ne.xt such installment, the eutire pru?cipsl sum and ac~:rued interest ahall at once beoome due and lpay- _ able without notice at the option of t6e holder of this note. Failure to euercise thia option ahall not constatute ~ s waiver of the right to eaercise the same in the event of any subsequent default. In the event of default in the ! payment of thia note~ and if the same is collected by an sttorney at lsar~ the undersigned hereby agree(s) to ! psy all ooets of collection, including a reaeoneble sttomey's fee. : This note ia given for purchase money of real eatate and is secured by mortgsge to eecure debt of even i date Lerewith, given and delivered by the undersigned to payee on certain real property described therein. ~ Presentment~ pmtest~ und notice are hereby waived. ~ r ~ ' ~ - IBEAL~ a ~aa~e - ~ ~ ~1v~er 4 ; i IBEAI.~ ; - IBEAL~ : - IBEALJ < And ahall duly, promptly~ and fuUy perform, discharge~ execute~ ef[ect, complete,, and comply with and . sbide by each and every ~the atipulationa, sgreementa, conditiona, and covenants of said~ promissory note and : of this mortgage, then this mortgage and the estste he.reby crested ahall ceaee and be null and void. The Mortgagor further oovenants as followa: 1. That he will pay the indebtednesa, ag hereinbefore pmvided. Privilege ia r~served to prepay at any time, ~vithout premium or fee~ the entire indebtedness or any part thzreof not lesa than the amount of one installment, or one hundred dollara (i100.00)~ whichever is lesa. Any prepsyment made on other than an installment due date will not be credited until the neat following inatallment due dste. 2. In order more fully to pmtect the security of this mortgage, the Mortgagor, together with, and in addi- tion to, the monthlq payments under the terms of the note secured hereby, on the inatallment due date dsy of ~ each month until t~he said note is fully paid, will pay to the Mortgagee as truatee (under the terms of t6is truat aa hereinafter atated) the following aums: (a) A sum equal to the ground rents, if any, neat due, plus the premiums thet will neact become due and payable on policies of fire and other hazard inaurauce coveru?g the mortgaged pr~o~erty, plus tsxes snd assesaments neat due on t6e mortgaged pmperty (all as estimated by the Mortgagee and of ~ which tLe 11Sortgagor ia notified) less all sums already paid there[or divided bp tLe number of montha ~ to elspse before one month prior to the date when such~ground renta, pretruums~ tsaes, and sase,as- i menta will become delinquent, such sums to be held by Mortgagee in trust to psy said ground rente, ~ premiuma, taxea, and apecial aseessments. ; - (b) The aggregate of the amounts psyable purauant to subparagrsph (a) and thoae payable on the note eecured hereby, ahall be paid 'u? s single psyment each month, to bs applied to the following itema j in the order atated: . . • (I) ground renta, taxes, a~ments, fire, and other Lszard insurance premiums; ~ (II) intereat on the note aecured hereby; and ' (III) amortisation of the principal of said note. ~ Any de6ciency in the amount of such sggregste monthly pspment shall, unless made good by the Mortgago ~ pr~ior to t6e due date ot the ne~t suc6 payment, const~tute an event ofs~fault unde this mortgege. A ' Mort~ ee's option, Mortgagor will pay a"late charge" not eaceeding~ per centum~~°Jo) of snp inatsll- ~ ~ raent wfien paid more than fifteen (15) daya sfter the due date thereof to oover the exLn expenee involve~ ; in hsndliag delinquent psymente, but such "late charge" ahall not be psyable out of the proceeds of sny sale t~ ; - made to astisfy the indebtedness secured hereby, unless auch proc~ds are sufficient to diechsrge the entire ~ iadebtednees and atl proper caets and expenaes secured hereby. ~ ' ; 3. If the total ot the pa~yments mede by the Mortgagor under (a) of psragraph 2 preceding shall exceed th~ ~ ~ amount of paymente sctually made by the ~iortgegee, as trustee for ground rents, taxes and ssaessment8, and'r'~ ~ inaurance prem~ums, as the case muy be, such excesa shall be credited on subsequent payments to be madea~~ by the ~iortgagor for such items or, at liortga~;ee's option, as trustee ahsll be retundad to Mort~agor. If~o~ ' howecer, such _monthly payments ahall not be sufficient to pay such items when the same shall beoome due S :?nd pa~ Rhle, then the ~tortga~or shall pay to the ~iortgaf;ee as trustee any amount necessary to mak~ up ~ r„ 5~ ~ ~ ~ ~ , _ ~ ; ~ ~ ~ ,:F~-. ; :»N. e