HomeMy WebLinkAbout1094 TO HAYE ANO TO HOLD ~~Me~ `O~l+L~!' MIt~ ~•Ri~ , t1s t~ertements. l?ereditaa~t?ts aad aPP~
t~enana+s thereunto belonging or in, ~nyw~se appe~i~njng~ ~nd~~'srereion and revecsions. rem~indec or rs-
msinders~ and ulso all the esu?te, nght. utle, u?t,eres~, homestead, dower ~nd ~t ot dower, seputi?te estats~
po~eeasion, clsim and dem~.ld wh~tsoever~ ~s weU ia laa? as in equi~y~ ot the si?id ortg~?gor in and to the s~une
~ad every pi?rt thereoi~ with the ~ppurtcnunces of the said Mortgagor in ~nd to the s~~ne, r?ud every put an~
parcel thereof unto Lhe eaid Mortg~gee in tee simple. ~
The Mortgsgr?r hereby oovenanta writh the l~:ortgsgee, th~t he is iadetesaibly seised of a~id land in fee
aimple or such othger est~te~ if i?ay as is stated herein; ~hst he haa tuU power and l~wiul ri~l?t to oonvoy ~the same
aa Rioressid; thst ths land is fne ~rom all encumbrancos except aa herein otherwise recited. tb~t said Mortgagwr
wiU m~ice such further ~ssur~nces t~o pmve the doresaid LiWe to said l~nd ia auid Mort{~ag~ae as ra~y be reason-
ob req uired, ~nd f~hat eaid Mortg~gor doea hereby !ully warr~nt Wie titJe to euid lsnd~ and every psrt theceoi~
oa
an ~vill defend the same ag~inat Lha l~wtul claims ot 111 pereona wLomsoever.
Pxoviusa AL~reYS th~t if the Mortg~gor ehsll p~y unto the Mortgagee that oert~?in promisaory note~ ot
which the follovr' is a substantial copy, to wit:
= 7,900.~0 Fort Pierce ~ glo,.~,,,
~ September 22 ,1967 •
Foa Ver.va Rscsivsa~ tbe undenai~p~ed pmmise(s) to p~y to the order of
Adminiatrstor ot Veterens' AQairs, an O~cer oi t6e
United Statea of America, and hia sucxeaeo.s in auch offi us uch~ u?d hia or their asaigns, th p ot
SEVBN THOUSAND NINE I~JNDRED sanid~ no~`10~- c~ncum Dol~ ars (s ~I , 9~~.~~
w i t
h i n t
e r
e a
t f
r
o
m d~ t
e a
t t
h e n t
e o
i p e r ( b%) p e
r anaun? oa the
u~npu
d bi?lance until paid. T6e aaid princa
pal and ' reet be y~~b~le at e o o~the Losa (3uaranty
O@'icer, Veterana Adminiatntion Regional O~oe~ in~ •~e~e=~ZUg ~~0~~8 , or ~t such
other Isoe aa tbe bol er m~y de~gn~te in ~rriting delivered or m~Wed to t~he debtor in monthl y~
menta ot
FI~TYand90~100-----------------~ollars(=~5'~:90
oommeacing on t6e 18t d•y of Nwember ~ 19 , and oontinuing on t6e
first day oi e~ch raonth thereafter until tbis note is ful~y paid~ ezo~ t tlut, if not sooner
paid, th~ Eia~l payment of p ipal and interest shall be due and payable on the 1s~ day ot
Octooer , ~9~~ .
privilege is reeerved to prep~y at any time, wiLLout premium or fee, tha entire iadebtednese or ony part
thereof not lees than the an?ount of one installment~ or one hundred dollars (i100.00), whichever ie le~. eny
prepayment made on other thsn aa installmen~ due date aill not be credited until the next followi~ inatsllment
due date.
If any deficiency in the p~yment of any installmen~ under this note is not made good prior to the due date
of tbe nert auch inataliment~ the entire princa al sum and accrued intereat she~ll st once become due and
able without notica at the option of the holder~of tbis note. Failure to e~cercise this o tion shall not c~ons4~uty~s
e
a waiver of the right to e:ercise the ssme in the eveat of any subeequent detault. In e~ent of def
~ult in tLe
p~ymeat oi this note, end if the same is oollected by an sttorney at lsw, the uadersigaed hereby agree(a) to
psy all costa of collection, including a reaeonable attorney's fee.
This note is given ior purchase money of real est~te and is secured by mortgage to eecure debti of even
dste here~rith, given aad delivered by the unde~igaed to p~yee on certain real property desoribed therein.
Presentmeat, protest~ md notice are hereby waived.
/s/ WILLARD L. SESSOiMS
State Documentary Stamps in the I6EAL~
amount of $11.85 attached to Willard L. Sessoms
~ original note and canceled. .~S~__~I~~_ V. SESS~S________ ~sE„~
- -
Elizabet~i V. Sessoms
~BEALJ
' IBEAL~
~ And ahall duly, promptly, and fuUy perform, dischstge, ezecute, eftect, uomplete, and oomply with and
~ abide by each and ever~? ~tL~e stapulationa, agreementa, conditaona, and covensnts of said~ promiseory note and
~ of thia mortgage, then thia ma;tgege and the estste hereby created shall. ceaee and be null and void.
~ The Mortgagor further covenants as follovv~:
1. 1'hat he vvill psy the indebtedness, aa hereinbefore pmvided. Privilege is reeerved to prepsy st anp time, .
~ witLout premium or fee, the entire indebtedneee or any part thereof not lees than the am~ount of one installment,
or one husdred dollara (=100.00), whichever ia lees. Any prepiyment made on otber than aa inathllmen6
due dste will not be credited until the nezt following inatsilment due dste. ~
2. In order more fully to protect the eecurity of thia mortgage, the Mortgag~or, together with, and in addi-
tion to, t6e monthly psyment$ under the terma of the note eecured hereby, on tbe installment due date day of
eacb month until the said note is fully paid, will pap to the Mortgsgee aa truetee (under the terme oi this
trust as hereinatter etsted) the foDowing sume:
(a) A sum equal to the ground re~nta, if snp, ne:t~ due, plus the premiums that vvill nest beoome due and
psysble on policies of fire sad ather hasard insurance oovering the mortgag~ed Property, Plus tsxee
and ase~esments next dua on the mortgaged prop~erty (all as eatimstedl~ LLe Mortgpgee and oi
which the Mortgagor ia notified) le~s all aums already psid theretor divided ~7 the number of mont6s
to e[apee before one month prior to the dste ~vhen suchground rente, premiuma, teuces, and aseees-
mente will beoome delinquent, such auma to be held by Mortgagee in trust to pay eaid ground rents,
premiums, t~ea, and special aeseesmente.
(b) Thea~regs
te of the amounts psyable pureuaat to subparagraph ~s) and those psyable on the note ~
secured hereby, shall be paid in a smgle psyment esch month, to be applied f,o the following itema
in the order stated:
(I) 8~+ound renta, tues, aseeasments, Sre, snd other Laau~d insurance premiums;
(II) interest on the note eecured hereby; and s
(III) umortasation of the principal oi said note. • ~
Any deficiency in the smount of such aggregate monthly payment shaU unleea made good by the Mortgagor
pr~ior to the due dstb oi the neaL such ps~rment constitute an eveat o~ defanlt under thia mortgage. At ~
Mor~gagee's option~ Mo r will pay a'late c~uge" not euoeeding four per centum (4%) of any inataU- ~ ;
ment wben pazd more t~teen (15) dsys atter the due date thereof to oover the extra expense involved ±
in hsndling delinquentpaymente, bu~ such "Lte c~~
" ehall not bepsyable ont of the proceeds oi any eale ~
made to satisfy the indebtednees aecured hereby, unTees such proceeds sre sufficient to diecharga the entire E
i~ebtedness and all pmper «~ssts u?d eatpenaes secured hereby. ~
3. If the total of the pa~ymente msde by the Mortgagor under (s) of paragraph 2 preeeding ehall exeeed the
amount of psyments actually msde by the Mortgsgee, aa truetse ior ground rents, taxes end aeseestnenta~ and
insurance premiuma, se the caee msy be, such eacees s6all be credited on subsequent payments to be made
by the Mortgagor for euch items or at biortgegee's option~ ss trustee ahall be refunded to Murtgagor. If,
however, such inonthly~ paymenta e~iall aot be sufficient to psy such items when the eame ehall beoome due
and psysble, then t.he vlortgsgor shall psy to the Mortgagee as truatee any smount neceesary to maice up
so~c~66 ~1091
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