HomeMy WebLinkAbout0925 To F~?v~ .~xu ro Ho~ the a~me, to~thc~ v?rith sU und sin~le~ the tenementa, hecedit+?menl,s and appue~ ~
tenancc~?ss thereunto bclon~ing or in anyrnae appe~t+?inir~, and tlw ~e~en~ion x~?d reversiana. remsinder or re- ~
raaindera, and slso all tha estate. ~ight, title; iaterest, haa~eatead~ do~~
e~ and ri~1? l ot dowec~ separnte ea1,~:e~
poae~~ssion, claim nnd demand v~ast~aever, sa well ia lsw es in equity, oi t!?c: s~id Mortgugor in ond to the same J
and e~ery part thereot~ with the appurtenKnec$ ot U?e suid ~lortgegor in and lo the same, iu?d overy part s~~ !
parcrl ~l~errof unta the se?id Marlgsgee in tee simple. ~
The I~lortgagor hereby oo~onanta w~th lh~ 11lort{~a~. th~t he ia indefeasiblv ssPixed o~ suid lsnd in iee ;
simple or such oth~~ est,ata. it stny, aa is st_atal l~emii?; tt?al I~e he?a full power and lawrul right to convcy the asme ~
us atoresaid; thMt the land is tre~ tmm sll encumbriu?cea excepc as herein otherwise recited; thst said Aior~.gagor ~
will mske such turlher assurences tc~ prove the sioresaid tiUe to said laad :n suid 1liortgsgee sa msy ba reas~n-
ablyreq uired~ snd that said I~tortgsgor daes heroby tulty warrant the title to s~id land, and every psr~ thcreot~ ~
and w-ill ciefend lhe same againat the law-(u? ~ ~sims ei e~U petgons whomaoevec. #
PROViDSn ALw~is thst i[ the tilortgagor shsll psy unto the Mortgsgce thst certain pmmissory note~ of i
which the following is s subatsntial copy~ to vr?t,:
= 13, 000. 00 Fort Pierce , Florids . ~
November 27 . ~9 67 . ,
FOR VALU6 RBCSIY~D~ the underaiRr?cd pmmise(s) to pay to the orcie~ of ,
Admimatrstor ot Yeterans' Aiiaira, an Officer of the ~
United States ot Americw snd hia a cxc~~q~ auch office~ ~?a such~ and hia or their assigna, th ot ~
THIRTEEN THO~[11SAND St1~ no/ 1~~- - - - - - - - - - - Doll rs (t ~~s'~~~•~
with intereat from date s~ the rate of Six per cen~um ( per annum on the
un~paid balance until psid. The sai~ ptincipal end int~mst ahnll be payable st the ofTicc of the Loan (~usranty
O~'iccr, Vetersns Adminiatretion Region~l Oi~'ice, in St. Petersburg, Florids , or st such
other place se the holder ma dee~ ete ia writing delivered or msiled to the debtor in monthlY iast.sllmenta of
EIG~i'TY-THREE snc~ 761100's- - - - - - - - - - ~ollsrs (i 53.76
commencing on the lst day of J8t1u8ry ~ 19 68 , at?d continuing on the
first dsy oi each month themafter until this note ia fuU~ paid, except thst, it not eooner
paid, the finsl psyment oi princi al and interest shall be due and psyable on the f irs t dsy of ~
December , is 9~. ;
privi]e~e is r~erved to prepay at any time~ without premium or fee, the entiro indebtedness or eny part
thereof not less than the amount ot one installment~ or one hundred doltars (t100.00) ~ whichever is less. Any i
prepsyment made on other thnn sn inst.allment due date will not be credited until t.he next followting installment ~
due date. ~
If sny deficiency in t6e paym ent of any installment under this note is not msde goal prior to the due dste
of the neat such it~tallment, the entire princ~pal sum and ac~:rued interest shall at once become due and psy-
sble without notice aE the option of the holder o; this note. Failure to eaem.ise thia option shall not constitute
s w_aiver of the right to exemise the same in the event oi any subeequent default. In the event of defsult in the
psyment of thia note~ and if tLe same ia collect~ed by an attorney st law~ the uadereigned hereby agree(s) to
psy ull coata of coilection, including a reasonsble sttorney's fee.
This note ia given for pumhase money of real estste and is secured by mortgage to secure debt of even
dste herewith, given and delivered by the underaigaed to payee on certsia real property described therein.
Presentment, pmtest, snd notire are herwb_y waived.
State Documentary Stamps in the /s/ RAI,pH V• SMITH_____________________ ~g~ALJ '
- ~
, amount of $19.50 attached to Ra1ph V. Smith ~
original and canceled. _/s/__LOiJIE__RUPH_SMITH_________________ [ec~,L] _
Louie Ruth 3mith ;
IBEAL~ :
i
~
~BEAL~ i
Anc~ shall duly, promptly~ and fully periorm~ discharge, execute, effect, complete, and comply with and
abide by each and every the atipulations, agreements, conditions, and oovenanta of said~ promissory note and
C of this mortgage, t.hen th~s mortgage and the estate hereby created ahall cease and be null and void.
f The Mortgagor furt~her covenants as followia:
1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to PrePeY a~ any time.
~vitLout premium or fee~ the entire indebte~ness or any part thzreof not les4 than the amount of one uistallment,
~ or one hundred dollars (i100.00)~ ~vhichever ia lesa. Any prepsyment made on otLer than an installment
due dete will not bt: credited until the nsxt following installment due date.
2. In order more fully ta protect the security of this mortgage, the biortga~or, together with, and in addi-
tion to, the monthly payments under the terms of the note secured hereby, on the inatallmept due date day of
each month until the said note is fully paid~ v~ill pay to t6e Mortgagee the following sums:
(e) A sum equal to the ground rents, if any, next dne, plus the premiums that will next become due snd
payable on policies of fire and other hazard insurance covenng the mortgaged property, plus taxes
and a~esamenta next due on the mortgaged prop~erty (all as estimated by the 141ortgagee and of
which the Mortgagor is notified) less all sunns slready paid therefor divided bx the number oi montha
to elspse before one month prior to the date when suchground rente, premiums, taxes. and essees- -
ments will become delinquent, such suma to be held by 11Sortgegee in trust to psy said ground renta~
premiuma, tsaes, and speciai a~essments.
- (b) Theaggregste of t6e auiounts psyaMe pursuant to subparagraph (a) and those payable on the note ;
secured hereby, shell be pAid in e aingle payment each month, to be applied to the following itema
in the order atated: ~
(I) ground rents, caxes~ assessmenta, Sre, and other hazard inaurance premiums;
(II) interest on the note secured hereby; and
(III) amortization o! the principal of said note.
Any deficiency in the amount of such aggrngate monthip payment ahall~ unless made good by the hiortgagor
pr~io~ to the due dat~ of the nect, such payment, constitute an event of default under this mortgtsge. At
Mortgagee's option, Mort~agor will pay a"late charge" not eaceeding four per centum (4°Jo) of sny install-
ment when paid more than S(tcen (15) days after the due dste thereot to cover the extra expense involved
in l~andling delinquent payments, but stich "lste ch~e" shall not beps
yable out ot Lhe proceeds ut sny sale
made to sst~sfy the indebtedness secured bereby, un esa auch proceeds are su~cient to discherge the entire
indebtednesa and sU proper coate and expenaes secured hereby.
3. If tl~e total of tbe peym ent~ made by the Mortgagor under (s) of paragreph 2 preccding shall eaceecl tl~e
smount of psyments ectually made by the Mortgagce, for grovnd rei~ts, ta~cs and assessmenta, and insurance ~
premiums, as the cage msy be, such eacess sl~all be creci~led on subsc uent psyments to be made by the Mort- ;
gagor for such itema or, at Mortgagee's option, ahvll be refunded to ~iortga~;or. If~ however~ such mouthl~ t
_ psym~nts ahell not be su8'icient to pay sucln itema when tl~e same shall become due and payable, t6en the ;
. e~K ~.69 P~E ~14