HomeMy WebLinkAbout1276 TO HAVR AND TO HOT.D I,II@ SARIA~ t,o~rthH~ vrith :s~ ~?i~d sin~ula~ ~he tenements. hezeditsmonts and ~ppur-
tenAnrns lhereunta belongi~g ur in anywv~? s~~~taming, snd the revecsian and reversiona, remwin~lee or te-
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mainders, and ~?!so a!! the es~~te~ right. title~ ~nteroa6, honi~xt~+ad~ du~ver nnd ri~h~ ot doN~~r, sel~arate ~tate~
pogscsaion, cleim and demand virhstaoover, ss wcU in !~?w ss in equit~ ~ ot thc ~xid loctgago~ iu and to tl?e same
sad e~ery pn~t tl~ernof~ vrith ihe eppurtenxncce oi the said :1lortgxgor in and to th~+ same~ end evrry part st?d
psrcel tltiemot unto tt?e asid Aiort~.~ in f~~+ si~nple.
The A~ortgagor hernby~co~enqnls w~th lhe !~tortge?~rP, tl~nt hcs is indefeasiblv seiaed oi said lnnd in teo
simple or such other estate~ d i?ny, ua is stated hPm~n; U?e?~ h~+ h,?s [ull power and la~ tut right to convoy lhe same
as afotesaid; that the land is frec Irom sll encumbrances excepl as henin otherwrse recited; that said ~11o~tgagor
v?i11 make surl? further sssura~c~~s to provo thc storcssaid tille to said land in snid 4toH~?ngce as may be rcason-
sblyrequired~ end that said 111ortgsgor da+a hcrrby tuily vvamant tho titlo to s,?id 1Nnd, end evcry part thor~~f,
snd w~ill dafend the same against Uie lawfui clAima oi sll pcraons whomsocvcr.
PROVinrn ALw~~a thst if tho \iortgagor sl~nll puy unto the 11SorignKce that certain pmmiscory nute~ of
which the following ia a subatantiel copy~ to wit~: '
i 12,800.00 For~ier~e , Florids.
Dec er ,19 67 .
FOR VALUR R6C&IVAD~ the undersi~ned pmmise(s) to psy to the o~cier ot
dministrator oI Yetersns' Afisirs~ an Officcr of the
n~ted Stat m ca d suc~ auch fficc+ ~ h sml his or tl~eir assigna, th ri of
~r~.vE ~~rs~3n' ~c~r ~i
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with interest from dete at the rste of SiX per centum ( b%) per annum on the
un_paid balancc~ until paid. The asid principal and intem~t shNll be pa able at th~• office o( the Loan Gunranty
Officer, Veterans Administrntion Regional Office~ in St. Peters~urg, Florida ~ or at. such
other lace as the holder d ate in writing delivered or maile~l to the det,tor~ in monthly instellments of
EIG~ITY-1W0 Snd +~~1~ - - - - - - - - - - - - - - -~ollars (t 82.48
commencing on the first day of January , 1968 , and coatinuing on the
first day of e~?cL month themafter until this note is fully paid~ except that~ if not sooner
paid, the futal pa ment oi pnticipal and interest shall be due and peyable on the lSt dsy of
Decemb~er ,19 92 .
Pri~zlege is reserved to prepay at any time, without premium or fee, the entire indebtedness or any part
thereoi not less than the amount of one installmcnt, or one hundred dullars (i100.00)~ whichevcr is lesg. Any
prepaytnent made on other thnn an installment due date w•ill not be crnclitcd itntil the next~ folloN ing instellment
due dste.
If any deficiency in the payment. of any installment under t_his note is not made good prior to the due date
of the next such iastallment~ tf~e entire principal sum and ac~ruc~f interest shali at once become due nnd pay-
able without notice nt the option of the holdec of this note. Failure to exercise this option shall not eonstitute
s v~~siver of the right to eaerc~se the same in the event of any subsequent default. In the event of default in the
payment of this note, and if the same is collected by an attorney at law~ t~he underaigned hereby ag~r.e(s) to
pay sll costs ot collectio~~ including s reasonable attorney's fee.
This note is given for purchase money of real estate and is secured by mortgag~e to secure debt of even
date herewith, given and delivered by the andersign~~d to payee on certsin real property described therein.
Presentment~ protest, and noti~e are hereby waivecl.
~
/s/ RENE C. TAYLOR `
State Documentary Stamps in the [s}
amount of $19. 20 attached to origi-~sgns~. T_ a~lor~~R
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~ nalnote and canceled. ELLEN [se,L]
Sue Ellen Taylor
ISEALJ
' ISEALJ
i And ahall dulv, promptl~, and full~ perform, dischxrge, execute, effect~ complet~, and comply ~-ich and
abide by each and e~ery the stipulstions, agreements, conditions, and co~enants of said~ promissory note and
of this mortgage, then this mortgage and the estate hereby created ahsll cease and be null and void.
The Mortgagor furt~her covenants ea follows:
1. That he w:ll pey the indebtedneas, sa hereinbefore pmvided. Privilege is reserved to prepsy at anv time,
~vithout premium or fee, the entire indebtednesa or any part th~reof not less than the amount of one uista~tment~
or one hundred dollara (5100.00), whichever is less. Any prepa3 ment made on other than an installment
due date will not be credited until the next following installment due date.
2. In order more fully to protect the security of this mortgage~ the liortga~or, together ~vith, and in addi-
tion to, the monthly payments under the terms of the note secured hereby, on the installment due date da~• of
each month until the sa~d note is fully paid, will pey to the Mortgagce the following suma:
(a) A sum equgl fy t.he ground rents, ii any, next due, plua the premiums that will next become due and
payable on policies of fire and other hazerd insurance covenng the mortgaged pro~perty, plus tsaes
and assessments next due on the mortgaged prnperty (sll as estimated by the Hortgagee and of
which the Mortgxgor is notified) less all sums already pa~d therefor divided b~ the number of months
to elapse before one month prior to the date vrhen suchground rents, premiums, taies, and nsse,ss-
ments will become delinquent, such suma to be held by 14~ortgagee in trust to pay said ground rents,
premiums, taxes, and special assesamente.
(b) The aggregste of the smounta peyable pursusnt to subparagraph (s) and those payable on the note
secured hereby, shall be paid in a single payment each month, to be applied to tLe follovring itema
in the order stated:
(I) ground rents, taxes, s~enents, fire, snd other hazard insurance premiums;
(II) interest on the note secured hereby; and
(III) amortizstion of the principal of said note.
Any deficiencq in the amount of such aggre~;ate monthlv payment shall, unlea4 made good by Lhe Mortgagor
pr~ior to t6e due date of the ne~t, such payment, constitute an event of default under this mortgnge. At
Mor~ee's option, Mortgagor v? ill pay a"late charge" not exceeding four per centum (4%) of any inatall-
ment w en pa~d more than fifteen (15) dsys atter the _due date t6ereof to cover the extra expense ~nvolved
in handling delinquent payments, but such "late charge" shall not be payable out of the proceeds of any sale
made to satisfy the indebtedness secured Lereby, unless such proceeds are su~cient to discharge the entire _
indebtedness and all proper c~ta and eapensea secured heteby.
3. Ii tl~e tota! of tlie paym ents made by tl~e Mortgagor under (a) of paragrapl~ 2 preced~ng shall e~ceed tlie
amount of payments acf,ually made by the Mortgagee, for ground rents, ta~c~s and asst•ssmenis, and insurance
premiuma, as the case msy be, such e~ces3 sl~all be crediLed on subsequent payments to be made bq t,he Mort-
gagor for such itema or, st Mortgagee's option, shall be retunded to viortgagor. If, however, such monthlv
payments ahall not be sufficient to Fay such items when clie same s6all becomP due and payable, then itie
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