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Home My WebLink About1032 TO HAVE AND TO HOLD tiIl@ 89I110~ to~c+thec with all and eingulA~ t~e ~enements~ hereditaments end ~ppw tenanoea thereunto belonging or in anywiae sQpert~ining, anii'the revecaior end reveraion$, remsinder or re- ine~indera~ end also all the ea~ate, right~ title, interest~ homestead~ do~ver and ri gh~t ot dower~ separate estste~ poesession, cleim wnd demand whAteoever, aa well in lsw ss in equity~ ot tho seid Mortgsgor in snd to the asme and every part thereot~ with the appurtenancea oi the asid hiortg~gor in snd to the asme, snd every psrt Rnc~ p~?rcel thereot unto the said Mortgagee in tee simple. The Mortgegor hereby covenents with the Mortgegee~ thst he ia indefessibly seized of said lend in fee simple or euch other estste~ if sny as is atated herein; that he hxa fuU power and Iswlul right to convop ~the sume ss sforesaid; that the land ia iree ~com sll encumbrencos except ua herein otharwise recited; thst said Mortgagor will make such further aesurances to prove the sforeaeid title to esid l~nd in ssid Mortgegee ae msy be reason- sblyreq uired, snd thst said Mortgagor doea hereby tully warrant the title to anid land, and evory psrt thereoi, snd will defend the ssme agsinst the lawful clsims oi all pe~ona whomaoever. PaoviaEa ALw~Ye thst it the Mortgagor shnll pay unto the Mortgsgee that certain promissory note, of which the following ia s aub~tantisl copy, to vrit: Fort Pierce ~ Florids. = 11,000.00 February 1 , i968 . FOR VALUF RSCSIVSD~ the underaigned promise(s) to psy to the order ot ~ sa Admin?strAtor of Veterana' Atfairs, an Ofi'icer of the United Ststes oi America~ and hie su in such office. xs such~ i?nd his or theu aesigna, th of ELEVEN THOUSAND and no 10~- - - - - - - - - - - - Dolly~s (i with intereat from dste st the rate oi Six per centum ( b~Jo) per annum on the u-np sid balsnce until paid. The said princi pal and intereat ahall be psyable at th offic Qf the Loan (iuaranty O~icer, Veterans Adminiatration Regionsl Office~ in St. Petersburg, F~or~clg , or at such other place as the holder ma deaignate in writing delivered or msiled to the debtor in monthl ~s ments of SEVENTY and 88/~~U- - - - - - - - - - - - - - ~ollars ~70. oommencin on t~e rs t dsy oi March , 19 ~ and oontinuing on the ~irst day of each month thereafter until thia note is fally psid, ~ept thst, if not sooner paid, the final p~?yment of principal snd interest ahall be due and psysble on the ~1rst dsy oi February ~ 19 93. Privilege ~s reeerved to prepay at sny time~ without premium or fee, the entire indebtednees or any part thereof not leae than the amount of one inetellment~ or one hundred dollars (i100.00), whichever is leee. Any ~ prepayment msde on other thsn an inetallment due date will not be ctedited until the ne~ct followit?g inetaUment due date. If any deficiency in the paym ent of eny instsllment under thi~ note ia not made good prior to tbe due dste of the neat such inatallment, the entire princ~pal sum and ac~:rued interest ehall st once become due snd ~sy- able without notice at the option of the holder of this note. Failure to exemase thia optioa ahsll not oonatatute • waiver of the right to eaercise the same in the event of any eubaequent default. In the event of defsult in the psyment of this note, snd if the same ie collected by an attorney st lsw~ the uaderaigned hereby egree(s) to pay all cost8 of collection, including a reaeonsble attorney's fee. This note is given for purchsae money of real eatate and ia eecured by mortgage to secure debt of even dste herewith, given wd delivered by the undeisigned to peyee on certain real pmperty deecribed therein. Preaentment, protest, and noti~e are hereby waived. / s/ HERBERT E• YANCY IBEAL State Documentary Stam~p s in the 1 amount of $16.50 attached to Herbert E. Yancy original and canceled. ~~1--~~-~i--~~~~`"""-""""""- IBEALJ Martha A. Yancy ISEAL~ ~ - IBEAL~ And ahall duly, promptly, end fully pertorm, discharge, eaecute, effect, complete, and comply with and ebide by each and every the stipulations, agreements, condttions, and covenants of s~ud~ promissory note and ot this morcgage, then this mortgage and the estate hereby created shall cease and be null and void. The Mortgagor further oovenants ea follow~a: 1. That he will psy the indebtedness, as hereiubefore provided. Privilege ia reeerved to prepsy at any time, ~vithout premium or fee~ the entire indebtedness or any part thereof not leaa than the amount of one installment, or one hundred dollsrs (:100.00), whichever is lese. Any pr~epsyment made on other than an inetallment due date will not be credited until the neat following instaWnent due dste. 2. In order more fully to pmtect the security of thia mortgage the ~lortgagor, together with~ and in addi- tion to, the monthly paymenta under the terms of the note secure~ hereby, on the metallment due date day of each month until the said note is fully paid, ~vill pay to the viortgsgee sa trustee (under the terms of thia truat aa hereinafter stated) the following suma: (a) A eum equal to the ground rente, if any, next due, plus the premiunia that will next become due and psyable on policies of fire and other hezard inaurance coveruig the mor aged property~ plus taxes and seaeeaments next due on the mortgaged property (all as estimeted~ the Mortgagee and of which the Mortgagor is notified) less all aums already paid therefor divided the number of montha to elapse before one month prior to the date when such_ground rents, premiuma, taxes, and aeseas- ments wnll become delinquent, such seuna to be held by Mortgagee in trust to pay said ground rents, premiuma, taxes, and special esaessments. (b) The aggregate of the amounts payable purauaat to subparagreph (s) and those payable on the note secured hereby, shall be paid in s single payment each month, to be applied to the following itema in the order atated: (I) 8ruund rents, taxes, aeseasments, 8re, and other haserd inaurance premiuma; ; (II) intereat on the note eecured hereby; and (III) ~mortizstion of tLe principel of esid note. Any deficiency in the smount of euch aggregate mont}ily psymeat shall unleea made good by the Mortgsgor pr~ior to the due det~ of the ne~t such pa~yraent conetitute an event o~ default under this mortgnge. At Mortg~gee's o~tion, Mortg~ or will pay a`lste c~srge" not exceeding four per centum (4%a) of any install- ment ~vfien paid more than $fteen (15) dsys sfter the due dste thereot to cover the extra expenee involved in handling delinquent psyments, but such late charge ahall not be psyabla out of the proceeds of sny eale msde to astiefy the indebtednese secured hereby, unleas sucL proceeds are aufficient to diecharge the entire indebtedneea and all proper coete and expensea eecured hereby. 3. If the total of the peym ents made by the biortgagor under (n) of paragraph 2 preceding shsll exceed the amount of payments actually made by the vlortgagee, ss truatee for ground rents, taxes and asaessments, and inaurance premiuma, ae the case may be, such excess shall be credited on subsequent payments to be made by the :1iort~agor for such itema or, at 34fortgagee's option, as trustee ahall be refunded to Mort;agor. If, however, such monthlv pasmenta shall not be sufficient to pay such itema when the same ahall beoome due and pe~yable, then the ~iortgagor shall pay to the ~lortgagee as trustee any amount neces.gary to make up ~ g~K 17U ~~~f 1029 ~ . _ ; ~ ~W.. 4.-~~'e~ll~ Y~ ~ ~..T ~ if ~~.5 '~3 s S _ ~'F`:-. _ _ . _