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Home My WebLink About2796 - ' ~ .'1 i • ~ t • ~ - • l TO HAYIC AND TO HOLD t~tt' Sdi118~ t~+ther with sll und sin~,n~lar t,he tenements~ he~editsments ~nd sppur- ~ tenoncea thereunta bclonging or in,snyw~se aQ~e~teining, und the reveeaion and reveraiona~ remainder or re- maindera, und nlso sll the estato~ nght, title, ~nterest~ homeatead~ dower and ri ght, ot dower~ separate eatate, gu poeacssion~ claim wnd demeuid whatsoever~ ss well in Isw es in equity~ oi tho suid 11Torl~gugor in end to the same : and cvery pnrt tl~ereoi~ with the aT.Ni~rlenwncos ot fhe asid Mortgagor in snd to the asme, und overy part nn~ psrcel t,l?ereot unto the ssid Mortgagre :~4 fee aimpto. The Mortgsgor hereby oovenanta with tho Mort{~agc~e, thnt he is indeteasibly seised of said land in fee simple or such other estate, ii sn,y~ as is atat.ed herein; thst he hxa tull power and law~ul right to convey ~the same es nforea?id; ~hat the lend is tree from sll encumbrsnccs except, as herein otherwise recited; that said Mortgagor will make such iurther sssur~?ncea tc? prove the aioresaid tiLle to said land in auid Mort~egce as msy be reason- ~ sblyrequiced, and thst said Mortgagor doos hereby lully wursnt the title to said I~nd, und every pert thercwi~ . and will defend the asme against Lhe lswful cisims of sll pereona whomsoever. ~ PsoviaFn ALw~YS thst it the Mortgsgor shnll pay unto the Mort~ee t,hat certain pmmissory note~ of i I which the following is a substi?ntisl copy~ to wit: gort Pierce , Florids. s 7,700.00 August 25 ,19 67 FOR VALUR RSCSIVSD~ the underaiRned promise(e) to pe?y to the orcier ot ' , as Admimatrator ot Veterana' Alfairs, sn Officcr of the United States of Americs, and his success~ra in such office~ us such~ and his or their assigns, the principal sum of , SEVEN THOUSAND SEVEN I~JNDRED #nd no/100- - - - - - Doll~rs (i7, 700.00 with interest from dste st the rate oi 8 x per centum ( 6~Jo) per annum on the un~paid balsnce until sid. The said rinci al and inte t• ah 1 be pay ble at thg ffic o the Losn Guaranty O~cer, Veterans Adrainiatretion Regional OpR'ice, in ~t. ~ete7~8~itrg, 1+'~Orci~s , or st such ~ other plsce as the holder m ste iu writing delivered or mailed to the debtor in monthl na~1lmenta of Fort~-nine and ~~2~1~- - - - - - - - - - - - - - ~llsra ~+~.62 comme ~ng on the irst dsy of October ~ 19 , and continuing on the ~ ~lYBt day of each month thereafter until Lhis note is fully psid, except that, if not sooner paid, ~eptal R~e ent of 19~c~psl and interest shall be due and psysble on the first daq oi e~d z privilege ia reserved to prepsy st any time, without premium or fee~ the entiro indebtedness or any part ~ thereof not lesa than tLe amount of one installment, or one hundred dollars (i100.00) ~ whichever ia lesa. Any 7 prepsyment made on other than an installment due date will not be credited until ~he next following inatsllment ~ due dste. It any deSciency in the paym ent of eny instsllment under this note ia not made good prior to the due dste of the next auch inatallment, the entire pruic~pal aum and ao~;rued interest ahull st onoe become due snd psy- sble without notice at the option of the holder of thia note. Fsilure to exerciae this option ahell not constitute s waiver of the right to euemise the same in the event of any subsequent default. In the event of default in the psyment of this note, and if the same is oollected by an sttorney at lsw, the unde~aigaed hereby agree(s) to psy all coeta of collection, includiug a reasonable ettorney's fee. This note ia given for purchase money of real estate and is secured by mortgage to aecure debt of evea date herewith, given and delivered bp the underaigned to payee on certain real pmperty deecribed t6erein. Preaentment, protest~~ and notice are hereby waive~. State Documentar St s in the ~s~ JAI~S W~ POFE ~BEALJ - - - - . a mo u nt of $11.SSyattac ed to J~es W. Pope original and canceled. _/_s~--PATBICIA_ANN__PDPE--------------- [se,?Lj Patricia Ann Pope ' (SEALJ . j ISSAL] ~ , ~ And shall duly, promptly, and fully perform, discherge, execute, et[ect, complete,, and comply with and ~ abide by each and every ~the stipulat~ons, agreements, condit~iona, and covenant8 of said~ pmmissory note aud of this mortgage, then this mortgsge and the estste hereby rxeated ahall ceaee and be null and void. The Mortgagor further covenants as followa: 1. That he will pay the iadebtedneas, s~ hereinbefore pmvided. ~ Privilege is reserved to prepsy st any time, ~ without premium or fee~ the entire indebtednees or any part thereof not less thsn the amount of one ~nataliment, ~ or one hundred dollara (i100.00), wluchever ia leed. Any prepayment made on other than an inatallment due date will not be credited until the neut following installment due date. 2. In order more fully to protect the security of this mortgage, the Mort~agor,.together with, and in addi- tion to, the monthly payments under the terms of the note secured hereby, on the installment due date dsy of ; each month until the sa~d hote ia fully paid, will psy to the Mortgagee sa tavatee (under the terma of this : truat as hereinafter stated) the following suma: ~ (e) A sum equal to the ground rents, if any, next due, plus tLe premiuma that will neact become due and ~ psyable on policies of fire and other hazard insurance covering the mortgaged pr~operty, plus taxea and aseessmente next due on tLe mortgaged prop~erty (sll ag eatimated by the Mort~agee and of { which the Mortgagor is notified) le~ sll sums alrei?dy paid therefor divided b~ the number of months to elspse before one montL prior to the date arhen suchground rents, premiums, taxes, and as9eaa- menta will become delinquent, such aums to be held by Mortgagee in trust to psy said ground rents, premiuma, tsxes, and apecial asse~aments. (b) Theaggregste of the amounta psysble puranant to subparagraph (a) and thoae psyable on the note ~ ~ sec~red hereby, ahall be paid in a single payment each montL, to be applied to t~e following itema in the order stated: ~ (I) ground renta, taxes, aeeeasments, fire, and other hsaard insurance premiuma; ~ ~ (IIj interest on the note eecured hereby; and ~c~n amor~izstion of the principal of esid note. ~ Any deficiency in the amount of auch sggregate montlily psyment ehall, unless made good by the Mortgagor pr~ior to the due dat,s of the ne~t such payment, conatitute an event of default under this mortgage. At or~gee 's option, Mortgagor vPili pay a'late charge" not eaceeding four per centum (4~Jo) of any inatsll- m nt wben paid more than $fteen (15) dsys after the dne date t6ereof to oover the extrs expen9e involved in hsndling del~nquent payments, but sucb Iste chaege ahaU not be payabls out of ths proc~ds of sny sale made to sstiafy the indebtednesa secured hereby, unless such proceeda sre su~cient to d~scharge the entire indebtednees and all prnper costs and e:penses secured hereby. 3. If the total of the pa~yments made by the Mortgagor under (a) of paragraph 2 preceding ahall exceed the amount of payments actually made by the Mortgagee, as trustee for ground rents, taxes and asaessmente, and inaurance premiums, sa the case may be, such caccesa shall be credited on subsequent paymenta ~o be made by the Mort,~agor for such iterna or, at Mortgagee's option~ as trustee ahaU be refunded to Mbrt~sgdr; If, however, such monthly~ payments ahall not be auf&cient to pay such itema when the same shaU beoome due and payable, then the Mortgagor shall pay tQ ~e or agee aa truatee any amount necessary to make up ~c~1~?~~~act 2794 . ~ s ~ ~ , t - _ ~ k~~= 3