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Home My WebLink About0925 TO HAVlC AND TO HOLD L~IQ' S~tlle~ t~o~ther wit~ a1I and aingul~r the tenements~ hereditamenta and sppur- tenancra thereunto belongi~g or in snyw~se sQperts?ining~ and the revecaion and teveraiona~ remeinder os re- me?iuders. u?d nlso all the estat,c+~ t~ight, title~ ~nterest, homesteed~ dawer end ri ght ot dowe~, aepatate eatsts, poe~sesBion, claim snd demand whataoever~ sa weA in lsw as in equi~y, ot tho si?id l~tortgngor ia snd to the same und overy p~?rt thereoi, with the appurteni?nces of the suid Mortgagor in and to the asme, and every part and psrcel t,hereot unto the eaid Mortgsgee in tee simple. 'The Mortgagor heroby oovenanta with the Mortgs~ee, thst he is indeteasiblY seised of esid land in fee simpte or such other estate~ if unv aa ia atated herein; that he has fuU power and lawiul righ~ to oonvey ~the same sa sloressid; that the Isnd ia free ~rom all encumbrances except ua hereia otherwise recited; that said Mortgagor wiU mske such further assurences to prove the utorc~eid ti41e to said I~ad in said Mort~sgee ss msy be reasoa- sblyrequired~ and that asid Mortgagor does herehp fully warrsnt the tiWe to said lund, and every psrt tbereot, and will detend the same against the lawful clsima of sll peraons whomaoever, PROV~asn ALw~YS that it the Mortgaqor ahall psy unto the Mortgagee thst certain promissory note~ of which the following ia s aubst,uitial copy. to wit: i8,000.00 Fort Pierce ~ P'lorid~?. January 31 , i9 68 , FOR VALUB RSCEIVRD~ the underai~ned promiee(s) to pay to the order of ~ aa Admimat,retor of Veterans' Affairs, an Officer oi tLe U' ?y•~~~•~, 1` ca pe~n his a (~~~(j re in such ofi'ice Ss such~ and his or their Tssalligna, ethQe p ~y/~)~~p ($~um of iia~~i~ W`~ ~O~VV~ ~ ~ ~ ~ ~ ~ ~ ~ ~ r ~ ~ L~JIA~ (+V'~V~~V ~ . with intereat fmra dste ~ti the nte oi SiX par centum ( 6 ~Ja) per snnum on the u~np aid balance until paid. The eaid principsi end intprc~at ahxll be payable st the ofl~eco of the Lvan Guaranty O~cer~ Veterans Adminiatration Regional OAice, in St Pe ~ersburQ Flprida ~ or at such ~ other place as the holder ms deai~iste in writing deliveredor rnsiled to the 7i~btor in monthl ins~ menta of FIFt'Y-0~1E and S~i~lOg- - - - - - - - - - - - - - - ~toIlsra (t 5~1.55 commencing on the r8 clay of March , 19 6, aad coatinuing on the first dsy of each month theret?iter until thia note is fully paid except th~?t, if not soonar paid, the final a ent oi p al and interest ahall be due snd peysble on the ~irst dsy of Fe~t~uary , 19~'~. Priv~ege ia reserved to prepay at any time, arithout premium or fee, the en~ire indebtedn~a or any psrt thereof not l~a than the ~unoun6 of one installment, or one hundred dollars (t100.00)~ whicheeer is less. Any prepayment made on other than an installment due date will not be credited until the next follow~ing inatailment due dste. If any deficiency in the paym ent of any installment under this note ia noL made good prior to the due date of the neacL such installment~ the entire principal sum and ac~:rued intereat ahsll et once beoome due and ~sy- sble without notice st the option of the holder of thia note. Failure to exerciae this option shall not oonstitute s waiver of the right to exetrise the same in the event of any subeequent default. In Lhe event of defsult in the psyment of this note, and if the same ie collected by an attorney at law, the underaigned hereby egree(s) to psy a11 costa of collection, including a reseonable attorney's fee. This note is given for purchase money of real estate and is secured by mortgage to secure debt of evea dste herewith, given and delivered by the underaigned to payee on cert,aiu real property descnbed therein. Presentment, protest, and notice sre hernby waived. . /s/ BILLY RAY WILLIAMS State Documentary Stamps in the '~""-$i11y-1Lay -WiI2~:~ ~B~"L~ amount of $12.00 attached to _____l_~1__~ItII~__IrO~~ ~1_II~IsIAMS_ (B~?L) original note and canceled. Annie Loudell Wil~iams ~ - IBEAL~ ~ IBgALJ And ahall duly, promptly, and fully perform, disc~arge, execute~ effect, complete, and comply with and abide by esch and every the at?pulationa, agreements, conditions, and covenants of sa~d_promisaory note and ~ oi this mortgage~ Lhen this mortgage and the eatate hereby created ahall ceaee and be null and void. ~ The Mortgagor further oovenants as follows: ( 1. Thst he will pay the indebtedneae, sa hereinbefore provided. Privilege is reserved to prepsy at anp time, ~ ~vithout premium or fee, the entire indebtednesa or any part thzreof not lesa than the smount of one inatallment, ; or one hundred dollara (i100.00), wluchever ia less. Any p~repayment made on other than an inataliment i due date will not be ct~edifsd until the neat following installment due dste. ' 2. In order more fullp to protect the security of this mortgage~ the MortgAgor, together wit6, and in sddi- tion to, the mont}il psyments vnder t6e terms of the note secured herebp, on t~e installment due date dey of each month until ~e ss~d note ia fully paid, will pay to tLe Mortgegee the foUowing suma: (a) A sum equal to the ground rents, if any, next due, plas the premiuma tLst will next become due and payeble on policies of fire and ~ther hazard insurance oovenng the mortgaged pmperty, plos taxes ~ and aseesaments neact due on the mortgaged property (all as estimated by the Mortgagee and of ! wluch the Mortgagor ia notified) less all suma already paid therefor divided b7 the number of montha to elspae before one month prior to the date when suchground rents, premiums, tszes, and assess- ? mente will become delinquent, such suma to be held by Mortgegee in tauat to pap said ground renta, ; premiums, teaes, and apecial asse~sments. (b) The te of the amounts psyable purauant to subparagraph (s) and thoee pnyable on the note ~ secu~by, shsll be paid in s aingle payment each month, to be spplied to the following items ~ m the order ststed: i (I) ground rents, La~ies, essessments, fire, and other hazard inaurance premiuma; (II) interest on the note secured hereby; and (III) amortization of the principal of said note. ~ Any deficiency in the amount of auch aggregate monthlv psyment shall~ unle~ made good by the Mortgagor rior to the due dat~ of the ne~t such payment conatitute an event of default under Lhis mortgage. At ort~a~ee's option, Mort~egor will pay a"late c~arge" not eaceeding four per centum (4~Jo) of atiy instaU- ment wfien paid more than ~ifteen (15) days atter the due date thereof to cover the extra expense involved ~ in handling delinquent paqments; but sucb "lste charge" shall not be paysble out of the proceeds of any sale ` made to satiafy the indebtedness secured hereby, unlesa such pmceeds are eufficient Lo diacharge the entire ~ indebtedneas and all pmper coete and expenaea secured hereby. ? 3. If tl~e toLal oi tl~e paym ents made by tl~e Mortgagor under (a) oi psragrapi? 2 preceding shall exceed tLe ~mount of psyments actually made by the Mortgagee, for ground rents, tacc~s and asseasments, and inaurance preeuiums, as the case may be, such eacess sl?aU be credited on subsequent paymenta to be made by the Mort- gagor for such items or~ et Mortgagee's option, shall be refunded to l~iortgsgor. If, however, such monthly ~ psymeats shall not be su~cient to pay such items when tlie asane ahall beoome due 4nd psysbie~ then the ' ~ ~ ~~?x110 s ~ . . ; . _ ~ ~ ~ ~ . ~ ~ , ' f _ _ , -