HomeMy WebLinkAbout1921 ' ~ _ '..'t .•'~{F~•~
TO HA~i AND TO HOLD ~ liale~ tosether~~rit~h~ ~nd ringul~r fbe
teaements~ heredit~?aaeu4 and ~ppw~
~ensiwea tbereunto bebngit?8 a' u? uppectainin6. snd tbe reversion iu?d revee~sions, nra~inder or re-
maiadets, and. ~lsu all tLe est~te, t~gh~tle. iat~erest~ lwmestsad~ dowec aad ~ at dower, sepsn~e eatete.
eres
poreasion~ cWaa ~nd demaad wi~~tsoever, ~s weU In bw as in equity, ot the said ort~g~gor ia and to tLe ~
and every patt t6ereoi~ wit6 the appurt~nwnoes oi th~s ssid Martg~gor in and to tbe same, wd every put
pai+oel thereoi unto U?e s~id Mortg~gee in fee siuaple.
77is Mortgsgor hereby ooveaants with the Mortg~g~ . th~t he is indefeasibly eeised ot s~id land in fee
simple os auch other ea~ate if an as» stated hereia; t,tiat he hss full vrer and iswful t to oonvey ~the aains
as ~fw~es:id; th~~ tbe land m froe
~rom ~11 encumbranoos exoep~ ~a here~in ot6erwise zecite~; tbst said Mortgago~r
~viU make auch further ~ssurances to pmve the aforesaid tit~a to said l~nd in said Mortgagee as may be re~eon-
and w~ defend
~~sarae~i~gaM'ins~ does hereby t~y ~~rhomsoee rsi?id l~nd, and every part t~ereof,
~ tlte l~wf ul cl~ims oi ~1
PaonDSD A~.wets tL~t it t,he Mortg~gor sh~11 p~y unto tbe Mortgagee tha~ eert-~ia promiasory aote, oi
which tbe foDoaing is ~ wbst~auvd ouPy.- w r.i~: gort Pierce ~ Florida . ~
= 15,000.00 Avgust 30- ~ i~67 r
FO~ VAL~S BSClIYSD~ t~6e underaiRned promise(s) to to the order o
~~ftwf~01' O~ VB~AT~Od~ ~~Iri~ iII ~O9T O~ ~A
U' ' nd su such offioe as suc6, aad his or tbeir aeeigas, tbep ci g of
a~ no - - - - - - - - - - - Do~ars = 15,100 . UO
with interesL trom date a0 the rste d 81Z per oeatum ( per ~nnunn on the
un~.,d balanoe uat~7 paid. The said and intereat eh~ll be yable a~ the offica o tb?e Loun (lusran~y
Offioer~ Yet~ans edministratioa Begio~iual ~oe, in St. Peters~burg , Florida~ , or •t such
~
Nq~ 3~ erid bS J~~ ia ~viating delivered or mail4d to t~Ge debtoc ia montfiln9 iLnst~ments ~i
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ w ~ ~ ~ 7V•
oommencing on the firat~ day oi October , 19 , und oontinuing on tbe
~ fi=8t dsy oi each month tLeresiter untii tLis note is fu11Y P~id, ezcep~ that, it no~ eooner
paid fbs 8nal payment of principal and interest ahall be dne ~nd p~yable on tbe firat day oi
September ,1992 -
Pn~~ ~s reserved to prepay at aay time, witbout premium or fee, the ~t~re indeb~ednees or anyp~{
thereof not1ees tLan the amount of one installment or one hundred dollars (i100.00)~ wrhichever ia lees. ~ny,
pe+epsyment made on other then an installment due date aill not be credit~ed until the ne~ct following inatsllme~6
dne date.
Ii my deficaency in the pa eat of any installment under tbia note ia not made good prior to the due date
e
oi tbe nert such ipst~allment, entire pnQra~al sum and aaxued intsree~ shsU st onoe beoome due and•~y-
ahle ~vithout notioe st the option oi t6e holder of t,bia note. Failnre to exer~iee tbis optioa ahaU not oonstatute
• waiver of tLe r
i g
ht to esercise the same in tbe eventi of an
y su
b s e quent defanlt. In tltie eveat of defsult in kh~
payment of this note, aad ii the saans is oolleeted by aa attorney at Is~r, the undersigned hereby age+ee(s) to
pay ~li ooats of oollection, including a reaeoaabie attoraey's fee.
1'Lia note is given for gnrchase moaey of real8state and ie aeaured by mortgage to ~eccure debt oi evea
date L~ere~vith, ~iven and delivered by the underai~ed to psyee oa oertsia real property deeoribed tLerein.
' Freeentment, pmtest, md notic~e sre hereby wraived.
.
; /s/ 1'HO~MAS= D. SAVA~GE [ssnL]
i Doc~entary stamps in the amount T~~B D. .~AVage
of $ 22. 50 attached to original ~ Ldie Sa~vag
Y~$ [e$~?y
and canceled. ~ ~ •
[s~+r.l
[sa~+~.J
~ And shall duly, Promptly, and tu11Y P~~~, ~~8'e, esecute, effect, complets, aad oomply ~rith and
` abide b~ each and everp ~the stapulationg~sg~mente, oondit~ons, aad covenaats of said~ pmmiseory note and
~ of tLie mortgag~e, then tLis mortgage and the estste hereby created sha11 oease and be nnD aad void.
~ T6e Mortgagor fnrtber aovenanta as follo~vs:
E 1. That he ~vill p!?y tLe indebtedness, as Lereinbeiora pmvided. Privilege is reserved to prepay at an time,
~ witLout premium or fee, the eatat~e indebtedaees or aay part fhat~eof nbt less thaa tbe amount of oae u~e~ent,
oc one L~mdred doUus (i100.00), vrhicLever ialees. Anyp~+epsyment msde on o~ than_a~n installmeat
dne date will not be credited unt~1 the nezt. foUowing inatW~e~t due date. .
2. In order more idl~ to prnt,eet the eeaurity oi tLis mortgaget tbe Mo , tog~ether with, and in addi-
tion to, the monthly p~ymsuts under tLe ~ of t~re note eeaur~ hereby.~ installmeat due dste dsy of
e~ch month nntil tbe said note ia fuUy pai~, will psy to the Mort6ag~e.e the followipg aums:
(a) A aum- ud to ~6e ground renfa, ii an , nert due, plus the premiums thst w~l nezt beoome due and
e
payab e on policiee of Sre and Mher insuranoe oovenng the mo~ P~_pe~Y. Plus tszes
and aeseeemeata nezt due on tLe mortgsged prop~erty (all ae est~ime?ted the Mortgages and of
whicL the Mortga~or ia notified) lees all aums already paid therefor divided ~l tbe au~ber of months
to elapee before one month prior to t~?e dste ~vhen such~ground reats, premiums, tues, and aeeeos-
menta w~l beoome delinquent, auch sums to be held by Mortgagee in trust to pay asid ground rents,
premiums, t~es, aad special aeeeesments.
(b) The te of tLe amom?ta psyable pursuant to aubparagraph (a) and thoes paysble on the note
~ecured~by, ehaD be paid ia s s~ngle poyment esch month, to be applied to t~ follorving it~ns
in tLe order atated:
~ (I) gi+ouad reata, t~zes, ieeee~aents, Sre, and otLer h~~!d_ insuranoe premiums;
(II) int~et+est on the note secured hereby; aad .
(III) amortisation oi the principal oi eaid aote.
Any deficiency in the sa~onnt of such aggregste montbly Puymenti shall unlese made good by the Mortgagor
p_rior to the due daW ~ Lhe neri wch pa~ment constituts aa even~ o~ defsult under this mort~gege. At
M 's opt3on, Mo will'psy s'lstd`c~arge" not ezceeding four per centum (4%) of any inst~?11-
meat w~ pud more tban~teea (15) days atter the due date t6ereof to oover tLe ezt,n e:pense mvolved
ia Lsndling delinq uentp~?yments, but sud~ "laLe clha:ge" ehall not bepayable out of the proceeda of any s~le
made to ~tie[y the indebtednees secured he~eby, unless such prooeeds are s~cieat to discharge the entire
indabtedneee and all pmper oosts ~ad espenoes sec~u~ed heraby.
3. If tLe total of the psym
ents made by tl~e Mortga r under (s) ot paragnph 2 preceding a6a11 ezceed tl~e
L go
amonnt oi pa~nnents aatuslly made by the Mortgagee, for ground rents, taxes and aF=~eesments, and insursnoe
pre~niwus, as t6e case ms~ be, such escees ahall be crbdited on subsequeat payments !~o be raede by tbe Mort-
gager tor snch iteams or, Mortgagee's option, shall be refnnded to Motgagor. If, howe~er~ suah montbly
P~Y~ta ~hsU not be sufficient to pa~ au~ items ~vLen tLa same eh~11 beoome due aad P~Y+Ws~, t~hen the
~ BMJ(1~0 PACE~t~~,~ i~ d00K~~ P~CE
, OlJ
_ ,