HomeMy WebLinkAbout1595 .
To A~va ex~ a~o Ho~ the s~oae~ t~o~the~ with att and singul~ tl~e teaeaaenta~ haredti~monta ~nd ~pput~
tena~cra thereunt,a belonging or in ~t?y~nse ~ppertuning~ ~nd the reveraion snd ceversions, remaindet or re-
m~?inders~ ~nd ~lso all the estate~ ~ight, titla. iatee~est, homeatead~ dowe~ nnd ~t, ot dowe~, sep~rute eat~te.
poeeeBaion. clum and detuand wh~t,soavee. as well in l~w as in equity. ot tha ~?ia ortgsg~or ia and to the sanae
and e~ecy purt thereo~~ MriW the ~ppurtenuncos oi the aaid Mortg~or ia ewd to the same, ~ad overy p,ut ~
paroel therroi unto the asid Mortg*gee in Iee simpla.
Ttie Mottgsgoc hcreby oovonants witt. the Mort{Ragee, I,h~t he is indefeasibly soi~i oi said laad in tee
simple or auch other estate. tf any as ia atated heroin; thst he hua tull power and lawtul ri~ht to oonvoy ~thA sune
as afore8aid; th~t the land is free ~mm ell encurabrencos oxoepl as heoeia oL6erwise recit~ed ~ that said Mortgsgor
will mske such furiher assuru?ces to pmve the afomseid Litle b said land in aaid Mortgsg~ee as m~y be reasou-
ab req uired~ and thst said Mortgagor da~+ss hereby tullp w~rrant tha title to suid liuid, e?nd every pu~ thereot,
a
an ~vill defend the same ~gaina~ the larvtul clums o! ~ll persons vvhomsoever.
Pxoviusa ALwr+Ya tb~~ ii the Mortgsgor ahsll psy unto the I~tortg~ce that oectain promissory note, of
which t6e iollo~ is ~ subetuitid copy. to v~it:
i 16,500.00 Fort Pierce ~ gb~.,
December 11 ,1967 •
FoR Ver.vs Rgcs~vsa~ the unde ' ed promiae(s) to psy to the order of
ae Adminiatntor oi Veterans' ABaira, un OR'icer oi ths
Uni f d' re in such of6 , ws c~ and 1?is or their aesigna~ rin~ al butn ot
RF
D an~noJ~lOb- - - - -Dollys (i~~,5~0.00
with interest irom d~?te ~t tha r~to oi S~ per oentum ( d%) per annum on the
u~npud balu?ce until pud. 1Ue said principal and int~est ahnll be yable at the ot~icx+ o[ the Loan Guaranty
OB'icer, Veterane Administrat
on Regional O!!'ice, in 5t. Petersburg Florida , or sc sucb
o ~.D1~ as the holder may d ats in wn~ elivered ar miWed to the c~ebtor in monthl inataUmenta of
~`O1QE HIINDRED AND SIX~and 31/lu~- - - - - - - - - f~oUsra (s ~].06.31
commenc~g on the f ir8 t day of JAnusty , 19 6$ , snd oontinuiag on the
r1Y'St day of esch month thereatter unW tLis note is tuUy paid, ezc~p t that, ii not sooner
paid, the Snsl payment of 19 9pal and interest a6aU be due and pay~ble on the f irst dsy of
Dece~ber . Z
p~rivilege ia reeerved to prepay st sny time, witbout premium or fee, the entire indebtedness or sny p~rt
thereof not leea thsn the amount of one installment~ or one hundred dopara (t100.00), whichever ia lesa. Any
prepayment made on other then an inatalln?ent due date aill not be credited until the neat~ followir?g inataUment
due dste.
It any deficiency in the peym
ent of sny inatallment under thia note is not msde good prior to the due dste
of the neat such installonent, the entire princapal sum and a«:rued int,erest ahwtl st once beoome due and psy-
sble without notice st the option of the holder of thia note. Failure to exercise tLia option ahall not constitute
a waiver of the right to e~erc~se the same in the event oi any subeequent default. In t~he event of def~ult in the
paymenC of this note, and if the same ia collected by aa attorney at lsw, t6e undersigned hereby agree(s) to "
psy all coeta of oollection, including s reaeonsble attorney's fee.
T6ia note is given for purchase money of r8a1 eatate and is eecured by mortgage to secure debt of even
date herewith, given and delivered by the underaigned ta payee on oertain real prope.-ty deectibed therein.
Presentment, protest~~ snd notice sre hereby waived.
I~I CHARLES N• MORE-------------------- IBEALJ
State Documentary Stamps in the '(~"rles ~1~T:~~More~
' amount of $24.75 attached to '
orig3nal and canceled. -R,aSZU~M~I~re~~----------------------- [e~~
[e~?Lj
' [sgr?L]
'i And shsll duly~ promptly, and fully perform, discharge, esecute~ etfect, rnmplete, aud comply wit6 and
abide by each and every tLe supulationa, agreemente. conddaons, and coveuants of said~pmmiasory note aud
of tbis mortgage, then tbis mortgage and the eatate hereby cxeatsd shell ceaee sad be null aud void. ~
The Mortgagor furtLar oovenants as followe: ;
1. That he vrill psy the indebtedneea, as hereinbefore pmvided. Prin1ege ia reeerved to prepsy at an time, '
ill ;
~vithout premium or fee, the entire indebtedne~s or any par! tt?at+eof not lees than the amownt oi one ma ent,
or one hundred dollars (i100.00), vrhichever ia lees. Any prepayme~at made on otLer than an inatsUment k
due date will not be credited until the nest following inst~lmeat dus date.
2. In order more fully to pmtect the security of tbis mortga~e the Mort~a~or,.together ~vith, and in addi-
ure
tion to, the montLly paymenta under tLe terma of the note eecure~ hereb , on t~e inatallment due dste day of
each month until the sa~d note is f~illy paid, wil! psy to the Mortgagee following suma: ;
(s) A sum equal to the ground rents, if any, next due, plua tLe" premiums that will next beoome due aad 4
payable on policies of fire and other Lszard inaurance covenng the mortgaged pr~operty~ plus tsxea ~
and aeeeasmente nex~ due on the mortgaged prop~erty (all as estimated-by the Mortgages and of
~vhich the Mortgagor is notified) less all suma already psid therefor divided b~ tLe number of months
to elapee before one mon~L prior to the dnte when auch~ground rente, premiuma, taues, and asseas-
ments will become delinquent, such sums to be held by Mortgagee in trust to pay said groand rEnta, .
premiums, tsaec, a~d special a~esmente. 1
(b) Thea~gs
te of the amounte psysble purausnt to subparagroph (a) md thoee psyable on the note
secured hereby, shall be paid in s aingle psyment each mouth, to be spplied to the following items ;
in the order stated: `
(I) S~ound reuta, taxea, aaeeseaaents, fire, and other Lazard inaurat~e premiums; ;
(II) interest on the note eecured hereby; and
(III) amortizat,ion oi t6e princip~l of ssid note. _
Any deSciency in the amount ot such ag~egste monthly psyment shall~ untees mwde good by the Mortgagor
prar to the due dsW oi the nezt- such pe~+cnent oonstitute ~?n event of def~ult under this mortg~. At
Mortgagee's option, Mo r will pay a`late c~srge" not ezceeding four per centum (4%) of sny inatall-
srg
ment w6en pa~d more than fteen (15) dsys after the due dste Lhereof to oover the erin expenee involved
in handling delinquentps
ymenta, but such "lateche~ge" ehall not be psqable out of the proceeds of suy sale
made to satiafy the indebtedness secured hereby, unlees avch prooeeds are su~cient to diachsrge the entire
indebtednees snd all pmper coste snd e:pe~es aecured hereby.
3. Ii tl~e totsl ot the paym enta msde by the Mortgsgor undcr (s) oi psragraph 2 preceding ahall exceed tLe `
amount of psymenta sct~ally made by the Mortgsgee, for ground rents, taae~s and sesesaments, snd insursuee
premiums~ as the case msy be, such eacess shsll be credited on s~ent p~ymenta to be made by the Mort-
gagor for auch itema or~ at Mortgagee'a optioa~ shall be refunded to . o r. If. however, such monthly
psyments ahall not be sufficient to psy such items when t6e same ahatl~me due and psyable, then tLe
etkk( Pi1Cf ~~rUV
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