HomeMy WebLinkAbout1358 To A~vs ~xA ~ro Hoi.a the a~uae. to~?~her rvitle al! ~nd aiagul~ the teneraeata~ heredit~mcntu and appur~
tenancrs thee~u~to 6clot~ing o~ in cnyw~se appertaining~ ~ad 1he reversion snd reversions, remai~dec or re-
aa~inders, u?d ~leo ~ll tbo ~atate, righ~, tiUe. ~atetea~~ hameatead~ dowec and ot dovrer, sepa~ste Nstate~
po~asion~ rlaim and demand wh~taoever. as weU in !~?w as in equity, ot tlio snid , tor~gsgor ia and to 1he same
~nd every purt thereof, ~rith the appurtennncos oi tbe ssid'.ltortgagor ia and to the same, and ovety part en~
p~u+cel U~ernof unto the anid Morigagee in tee simple.
'I1~e Mortgagor hereby oovenants vrith the 1~iortKs~~ thAt i~e is indPleasiblv seisod oI said lsad in fee
simplo or such other eatate, ~i uay ~ is atat~+d !?en+in; that he hKS Iull povrer and lawtul right to con~vv !he astn~e
•s efon~aid; ths~ the !wd ia free ~rom aU encumbrances except ss herein otherwiso recited; ~h~t said Moctgagor
will mske such furlher sasurt~nce8 to pmve the sfon~8aid taUa to said land in si?id MoH~agee aa mav be reaeon-
ablyreq uired. and that said Mortg*gor does hcreby tully warrant the title to sni~t land, and every paK thereot,
and will defend the seme against, the l~wful rlsims of all peraons whomsoever.
Paovtnsn AL~vwis that if the ~iortgagor ahi?Il p~y unto the Mort~agee thst cerW?in pmmissory note~ of
which the foAowing ia s subetu?tisl copy. to wi~: ,
= 14,500.00 Fort Pierce , Florid•. ~
December7.1967 . ~
FOR VALUR RBCSIVSD~ the nnderai~ned promiee(s) to pay to the order of '
Adminiatrst~r of Yeterans' ARaira, an O~cer of t~e E
United Ststes ot Ametiea ~ad his euc~eesora in such o cs~ ancl his or their asaigns~ th c of
Fa~~~ ~avs~n ~vE xuxn~n no`~1'~- no~~~~ c: ~~;~;~d`i
with interest from d~te at the nte of Six per cenlum ( per annum on the
un ~id bsli?nce until psid. The eaid psincipal and intPrest• ahell be pa able at ofli t the Loan GusrsnL
~p ?n ~ ~1or`~~a ~
O@'icer, Veterana Adminiatrt~~ion Re~ional OHioe, in St. PeterB ttr$, ~ or at suc
other place se tLe holder may de~a te in writing delivered or msiled to the debtor ia monLhly„~at~nents ot ~
NI~IETY-T~EE ~d ~3/100- - - - - - - - - - -~ollsrg (i y.s. ~
c~ommencing on t e YS dsp of J~~rY ~ 19~ , and continuing on U?e ;
first day of each month thereafter unW thia note is fullp psid~ eacept thst, ii not sooner
paid, the final pay ment of pru?cipsl and interest shall be due and psyable on the f iYSt day oi
December ,t992.
privileg~e is reserved to prepsy et eny time, without premium or fee, the entire indebtednesa or any part
thereot not less than the smount of one installment. or one hundred dollars (t100.00). whichever ia less. Any
prepsyment msde on other thi?n sn instaliment due date will not be credited until the ne~t follow~ng inatallment ~
due date.
If any de6ciency in the paym ent oi any iastallment under t,his note ia not made goocl prior t,o t~he dua 3ate ~
of the neat such installment, the en~ire princ~pal sum and a«:rued interest ahall at once beoome due and pay-
able without notice at the option of the holder of thia note. Failure to exercise this option shall not constitute z
a waiver of the right to eaem~se the asme in the event of any subaequent default. In the event of defsult in the t
psyment of thia note, and ii the same is oollected by aa attorney at lsw, the underaigned hemby agree(s) to ~
pay all coeta of collection, including s reasonsble sttorney's iee. .
Thia note is given for purchaee money of real estate ar_d is aec~u+ed by mortga~e to secure debt of even
date LerewitL, given and delivered by the underaig~ed to psyee on certaia real pmperty desctibed therein.
Presentment~ pmtest, and not~ice t?re herr.by asived. _
/s/ THOMAS L. BRACK :
State Documenta Stamps in the - [BE~''~ `
rY '
1'fiainas ~I:: ~1{"rac~k-----------------
' amount of $21.75 attached t0 _!&~._~~_$~~~~aa__BRACK_________ ~gEALJ :
original and canceled. Sarah Bramlett Brack
~BEALJ :
' IBEAL~ ,
E And ahall duly, pmmptly~ and fully perform, discharge, execute, etfect, oomplete, and comply v~-ith and
abide by each and every ~the stipulations, agreements, conditions, end cove.nanta of sa~d~ pmmissory note aud :
of tLis mortgage, then thia mort~ag~e and the estate Lereby created ahall cease aud be null aud void.
The Mortgagor furtLer covenants aa foUowa:
1. That he will psy the iadebtedneas, as hereinbefore provided. Priv~1ege is reeerved to prepey at any time,
~ without premium or fee, the entire indebt~ecln~ or any part thzreof not lesa then the amount of one installment, :
or one hundred dollars (i100.Q0). whichever is less. Any prepsyipent msde on other than an installment
das dste will not be credited until the next following inatallment due dste. ;
2. In order more fully to protect the security of thes mortga~e the Mortgagor, togetLer vrith, and in addi- '
tion to, the monthly psyments under the terma of the note securec~ hereby, on Lbe inatallment due dste day of
each month until the sud note is fully paid, will psp to the Mortgagee the foUowing auma: .
(s) A sum eqnal to the ground rents~ if any, next due, plus the premiums thst ~?ill neat become due and ~
papable on policies of Sre and ather hazerd insurance covering the mor~sged prope ~,~plua taaes
snd aseee~nents next due on ihe mortgaged property (all ae estimated ythe Mor ee and of
wLich tLe Mortgagor is notified) less all suma already psid therefor divided b7 the number of mo~tLs
to etapae before one month prior to the dete when suchgcound rents, preuuums, tsxes, and asseas-
ments will become delinquent, such suma to be held by Mortgegee in trust to pay said ground rents,
premiums, taxes, and special aseessments.
(b) The a~egate of the amounta psysble purauant to aubparagrapL (s) and those psyable on the note
secured hereby, shall be psid in s Ringle payment each month, to be applied to t6e following items ~
in ~he order atated:
(I) ground renta, ta:es, aeseeaments, fire, and other hazerd inaurance premiums;
(II) interest on t6e note secured hereby; and
(III) amortisatSon of the princigal of ssid note. `
Any deficiency in the amount of such aggregste monthly payment shsll. unleas made good by the Mortgagor ;
rior to the due data~ of the ne~t such psyment, conatitute an event of default under this mortgage. At ~
ortgagee's oPtian, Mort~agor will pay a"late charge" not esceeding four per centum (4°Jo) of any inat~ll- ;
ment when pa~d more than fitteen (15) dsya sfter the due date thereof to oover the extrs eupense involved ' ~
in hsndling delinquentps
ymenta, but suc6 "Lts charge" shall not beps
yable out of the proceeda of any sele '
made to astiafy the indebtedness secured hereby~ udeas such proceeds sre su~cient to discharge tLe entire - ~
indebtednees and sll proper «~ats and eapenses secured Lereby.
3. If the total of the psym enta msde by the Mottgagor under (a) of paragraph 2 preceding ahall exceed tLe
~nount of payments actually made by the Mortgagee, for graund rents, Laxea snd asses~menta, and inaurance
premiums, ae the case msy be, sucL e.~cesa sliall be credited on subsequent psymenta ta be made by t,he Mort- ~
gagcr for such items or, ot Mortgagee's option~ ahsll be reiunded to :Vio r. Ii. however~ such montWy ~
paymeaLs eLall not be su~cient to pay such items wh 1 eame me due and psyable. Wen ~he ~
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