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HomeMy WebLinkAbout1566 ~ To A~vs srro ro Ho~ the suae, to~ether wit~i %a ~na ~i~ lt~ha teaeraents, heeeditamente ~v?d apputi tenanoes thereunEo l~elongiag or in_an~w~se sppertiumng, ~utd he reverai~:n ~d reveesiona, rem~inder oc re- tnaiaders, and elao ~11 tt~e eatat~, nght, title, interest, homestead, do~e~ Rnd ri •ht ot doNer, sep+uwte cstate, poesexsian, clsim and demoud wh~~eoover, ns well in l~vr as in equity ~ oi ttu~ suid I~iortgagoc ia u~d tu the s~na und every paK tl~creof~ with the appurtenances oi the said 111ortgagor iA and to the s~?rue, and every port ~u?~ parcel 1,l~Preot unto the soid.Mortg~gee in fce simple. The Mortgagor hereby aovetiants vrith tho ~iortgegre~ th~t he ia indefeasibly seisal ot said l~nd in toe simple or such other estate. ~I anv ss is stated herein; W~at he has futi power and law[ul ritthi to con~ oy the sntne as ufore~aid; that tha Itad is free ~rom all encumbrancrs except ~s her+ein otherwise recito~, tbat said Aiortgsgot wiU make sucb lurther asswances to prove lhe ~fon~uid title b s~id land in s~id Mo~t~;~ce as m~y be reason• ~ sbl requin~d~ wd thst ssid I~iortgagor docs hcreby lully w~ma?~ the title to said lend. und eveey psrt thereoi~ an~wzll defend Lhe s~me ~gainat the law~ful clsima of al! persons whoa~soeve~. ~ Pxovinsa A~~r~YS that ii the'.ltortgeg~or shnl! pay unto the Mortgs~ee thut cert~sin pmmissory note~ of which tbe following is a substantial copy, to wit: =T , 000. 00 For~ P f erc e, Fiorida . , is 67 FOR VAL uR Rsca,~van, the uRdersi~ned pmmise(e) to pay to the ordec of r ~ J. Ih'L'~es' . as Adminiatrntor ai Vetersns' Affsina~ ~ Officrr of the Unite~ States o merica d his u ~ s_~ch oftice~ ua s~ich~~nd 1`is or their ss ~~gas, = p' ~ um of Seven ~ouaaf~°~` an~ ~o`~ ~ ~f ~$~~8 ~ with interest from date at ~he rate of i per centum ( ~~Jo) per annum on the ~ u~n~paid balance uafal paid. The said principsl eu~d intemst shall bepayable st the officc+ of the Losn Guaranty ~ O~cer, VeteranaAdminiatxation Regionsl Of~'ice, in ~aeksonville Florida ~ oratauch ot~}ier plsce as the holder may deaignate in writing delivered or msiled to~the debtar in monthly inatsllmenta of ( Forty-Tao and ~14~}~0-----------F- llars (~42 OQ ~ coaunencing on the dsy of e6z'naz`Y , 19 b, and oontinuing on the ~ f~Y'~t day of each month theresfter until this note is fully paid ~ccept that, if not sooner i paid, tbe ~insl psymen~ oi principal and interest ahall be due and paysbie on the ~ tt'~t dsy ot January , 19 gg. ~ Privilege ia reeerved to ptepay at any time; without premium or fee, the entire indebtedness or sny part thereoi not tesa thaa the amount of one installment~ or one hundred dollars (t100.00)~ whichev~r is less. Any prepsymsnt made on other th~?n an in~tallment due date will not be credited untit the next follow~n~ installment due date. ~ ~ If any deficiency in the paym ent of any instaUment undcr thia note is not msde gooci prior to the due date ~ oi the next such inatallment, the entire pruicipal sum and aa:ruec! interesL shull et once beoome due and psy- - sble wichout notice a~ the option of the holder of thia note. FWure to exet~ciae this option ahsil not oonatitute a waiver of the right to exercise the same in the event oi any subsequent detsult. In the event of defau[t in the payment of t6ia note, and if the same is oollected by an sttorney at lavr~ the undersi~med herrby agrce(s) to ' pay aA costs of collection, including a reasoaable attomey's fee. ' Tl~i$ note is given for purchase money of real eatate and ia secured bv mortgsge to secure debL of even j date herewith, given aad delivered by the nndersigned to payes on certsin real pmperty described therein. ~ ~'reaentmen~~ pmtest~ snd notice sre hereby waived. ~ -i i , ~ _1s1 Bruce w. Harrieoa 4 ~BEALJ : - Bruce W. Harrfson i _.~s1_Kay__Marfe_ Harrison------------ ~aE,,~ : Kay Merie Herri~oA i ' IBEALJ i - i i ~ BSAL~ i Aad shaU duly, promptly, and fully perform, discharge, esecute, etfect, complete, snd comply with and ` abide by esch and every the stipulations~ agreements~ conditions, and covenante of ssid~ promisgo~ry note snd of thia mortgsge, then this mortgage and the estste hereby created shall ceaee and be null and vt?id. The Mortgsgor further oovenanta as foltowia: ! 1. Thst he will"pay the in~ebtedneee, as hereinbefore pro~ide$. privilege ia reserved to prepay st any time, ~ ~vithout premium or tee, the entire indebtednesa or any part thareoi not lesa than the amount of one installment, ~ or one hundred doUais (s100.00), whichever is lesa. My pnpsyment made on other than an instatlment . due date wilI not be credited until the ne~it following installment due date. 2. Tn order more fullj to pmtect the security of this mortgage, .the :1~iortgagar~ together with, and in addi- don to, the monttilp pgyments under the terms of the no~e secured hereby, on the inatallment due date day of ~ each month until the said note is fully paid, will pay to the l~iortgagee as trustee (under t6e terms of thia , trus6 sa hereinafter atated) the foIIowing suma: : (a) A aum equal to the ground rents, if any, next due, plua the premiuma that will next become due snd # ~ payable on policiea oi Sre and other hazard insurance covermg the mortgaged pr~operty, plus tsxes and aee~sments neact due on the mortgaged pmpe~rtp (all as estimated by the Mottgagee and of ~ ' ~?hich the biortgagor is noti&ed) less all sums already paid Lherefor divided b~? the n~unber of montbs to elapse before one month prior to tLe dete vehen such~ground rents, premiuma, tsaes, aad sas~s- menta will beoome delinquent, suc~ suma to be held by Mortgases in truat to psy said ground renta, premiume, tsxes, snd specid aeseesment8. , (b) 1'!?ea~n~gs te of the amounts paysble pursuant to anbpsragrsph (a) and tinaee ~syable on the note ~ secured L~reby, ahull be paid in a~ingle payment each month, to be spplied b the foUowing items , . in tLe order atstsd: . ~ : (I) 8mnnd renta, taxea, aee~aments, Sre, and other hasard insurance premiums; ~ CII) intereat on the note aecured Lereby; and (III) amortizstion of the principal of ssid note. Any deficiency in the amount o[ such aggregate montWy psyment ehall unleas made good by the 111ortgagor ~j ~ p_riar to t6e due dat~ oi the nexL such paymeat, constituts an event~iefault under ~?is mortgnge. At ~ Mortgagee's option~ Mortgagor arill psy "late charge" not ezoeeding per centum (~°Jo) of sny inat~tl- ~ mant •-hen paid more than $ttcen (I5) dsys sftler the due dste thereof to oover the ea~Ln expense involved~jr~. y' ~ ~ in hsldling delinquent psyments, but such "hte chsrge" ahsll not be paysble out of the proceeds of any ssle } made ~o s.ciafy tbe inaebsedn~ss ~ecured Ler~eby, unless aucb proceeds are su~cient to d~achuge the entire E ~ iudebtedness and sll proper costs sad eape~ea secured hereey. ~ ~ 3. If the total of the paymenti+ made by the Mortgagor under (a) of parag~aph 2 preceding shall exceed the amount of papments actually made by the hiortgsgee~ a~ trustee for ground rent8, taaes and ~rnents, snd ~ inaurance prem~uma, as the caee msy be, such eaceas ahall be credited on subsequent psyments to be msde by the ?~iortga~or for such itema o~, at :~tort.gaRee's option, as t~ustee ahall be refunded to ~fortoagor. If, M howerer, such monthl~? payment8 shail not be sufficient :.o pay such items when the aame shall become due ~ and pa~sble, then the 3lortga~or shall pay to the ~iort~ef;ee as trustee any amount necessxry to make up 4 -