HomeMy WebLinkAbout1790 t
TO HAVF AND TO HOLD U1P SdIRO~ to~~hcr N~Ih all and ein~uln~ the tenomonts, hereditamenta end sppur- ;
tenqncrs thereunto bclonging or in nnyw~se aQpe~taining, anil the reversion and revcrsions, remaincler or res- ~
meindera, and also i?11 tho estat~, right, title~ tnterc+at, hamt~stead, do~rer and ri ?h~ ot dower, separnte estate, i
poesc~sion, claim i?nd demand whatsoover, a8 well in law as in equity~ ot the swid ~tortg,?gor ia and to the same ;
and ever~• part thcrcof, with the appurlenxnecs ot 4he said A4ortge~r in and Lo t,he samo, and overy part enc~ i
parcel lliernof unto tho ssid Mortgagee in fe~+ simpt~.
The blortgagor hereby covenants vrith tho Mort~x~c~, tt~at he is indPtcesibl~ seized ot said land in iee `
simple or such other estaW~ ~f any, as is stated hemin; that he h~.s tull power and luw~ul t:~ht to convey ~the same
as aforese,id; tbet the land ia freo trom sll encumbrances except xs herein ot,l~erwise reeited; that said Mortgagor
will make such further assurar?ces to prove the sfornsaid litle to said lsnd in said MoN~e~e as may be reason•
sb1yrequired, and that said Mortgagor does hernby fully watrent the title to said Iwnd, ~nd Pvery part thercot,
snd will defend the same ap,sinst the lswtul claims oi all pe~ona whomsoover.
Pxovinsn ALw~Ya that if the ~lortgagor shi?ll p~y unto the Mori.ge~ce that cert,uin pmmissory note, of
which the following is a sub~tantial copy, to vrit:
t 16, 500. 00 Fort Pierce , Florid~ .
February 16 ,19 68.
FOR VALU} RECEIVRD, the underai~ncd pmmiae s) to pay to the order of ~
Administrat.~r oi Veterana' ARairs, an Off'icer of the ~
United States vf Americs snd hia ucc. ~ah o e~ and his or thcir assigns~ th ri al of
SIXTEEN THOUSA~ID FI~'E ~lii~D~ an~d' ~o1Y~o- - - - - n~„ c: g~g.8'~"
with interest fmm dete at !he rate of SiX per cenlum ( per annum on the
unp aid balance until paid. The said principal and interest sleal! be peyable at the office of the Loan Guaranty
Officer, Veterana Admutistrstion Regionsl OtTice, in St. Petersbur , Florida , or at such
other place a8 the holder mey d~ st~+ in writing delivered or mailed to the deb~r, in monthly i t.a lmcnts af
ONE HUNDRE~ SIX and 31/100- - - - - - - - - - -~ollars (s 10~. ~1
commenc~ng on t e fi r gt day of April , 19 6a , and continuing on the
first day Teach month themafter unt.il this note is fully paid, exc~ept that, if not sooner
paid, the final payment of pru?cipal and interest shall be due and payable on the first day of
March • 19 93•
Privilege is reserved to prepay at any ticne, withouL premium or fee, the encire indebtedness or any part
Lhereof not less than the amount of one installment, or one hundred dollars (E100.00), whichevcr is less, Any
prepayment made on ocher than an installment due date will not be crcclite~cl until the next. follow~n~ instailment
due date.
If any deficiency in the payment of sny inst.allment under this note is not made goocl prior to the due date `
of the next such installment, t.he entire principal sum and acr.rued interest shall et once become due und pey- {
able without notice at the option of the holcler of this note. Failure to exerciae this o tion shall not constitute ~
i
a waiver of the right to exem~se the same in the event of any subsequent default. In t e event of default in the ;
peyment of this note, and if the ssme is cwllected by an at.tomey at• law, the underaigned hereby agree(s) to ;
psy all costs of collection, including a reasonable attorney's fee.
This note is given for purchase money of real estate and is secured by mortgage to aecure debt of even
dete herewith, given and delivered by the undersigned to psyee on certain real property described therein.
Presentment, protest, and noti~e are hereby weived.
, -
State Documentary Stamps in the /s/__CHARLES A• COX _ iBtALJ
amount of $24.75 attached to Charles A. Cox---~--~~~--~
/s/ TOVI F. COX :
original and canceled. ~~Toni~:--~~x"_________________________________--- [se~L] .
s
- IBEAL~ ,
- IBEALJ :
And shall duly, promptly, and fully perform, discharge, execute, ePfect, complete, and comply wZth and
abide by each end e~ery the stipulations, agreemenis, conditions, end covenants of said~ promissory note and
of this mortgage, then this mortgage and the estate hereby created shall cease and be null and void.
The Mortgagor further covenants as follows:
1. That he will pay the indebtedness, as hereinbefore provided. Privilege ia r~served to prepay at anv time,
without premium or fee, the entire indebtedness or any part thereof not less than the amount of one insta~lment,
or one hundred dollars (E100,00), whichever is lesa. Any pr~epayment made on other than an installment
due date will not be credited until the neat following instaUment due date.
2. In order more fully to protect the security oI this mortgage, the Mortgagor, together with, and in addi-
tion to, the monthl payments under the terms of the note secured hereby, on the inatallment due date dny of
each month until t~e said note is fully paid, will pay to the Mortgagee the following sume:
(a) A sum equal to the ground rents, if any, next due, plus the premiums that will nea~t become due and
payeble on policies of fire and other hazard insurance covering the mortgaged property, plus taxes _
and asseasments next due on the mortgeged property (all as estimated by the l~iortgagee and of .
which the Mortgxgor ia notified) less all sums already pa~d therefor divided bY the number of months
to elgpse before one month prior to the date vrhen such~ground renta, premiums, taaes, and as.4ess-
ments will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents,
premiums, Laxes, snd special agsessments.
(b) The aggcegate of the amounts payable purauant to subparagraph (a) and those payable on the note
secured hereby, shall be paid in a single payment each month, to be applied to the foUoK~ng itema
in the order stated:
(I) ground rents, tsxes, asae~ssments, fire, and ot~er hazard ir_surnnce premiums;
(II) interest on the note secured hereby; end
(III) amortization of the principel of said note.
Any deficieney in the amount of such aggregate monthlv payment shall, unless made good by the Mortgagor
pr~ior to the due date of the nett such payment, constitute an event of default under this mortgxge. At
Mortgagee's option, Mortgagor vrill pay a"late charge" not e~ceeding four per centum (4%a) of any install-
ment when paid more than filteen (15) days after the due date thereof to cover the extra expense involved
in handling delinquent payments, but such "late cha 11 not be payable out of the prceeeds of any sale
made to satiafy the indebtedness secured hereby; u ess such proceeds are su~cient to d~scharge the entir~.
indebt,e~ness and all pro p er costs and ex p enses secured hereb
y.
3. If the total of tl?e paym ents made by the Mortgagor under (a) of paragraph 2 preceding~ 11 exceeci t l~ e
amount of payments actually made by the Mortgagee, for ground reni,s, taxcs and sssessments, attd iusurance
premiums, as the case msy he, such excess sl~all be credited on subsequ~ent payments to be made by the Mort-
gagor for such itema or, at Mortgagee's option, shall be refunded to Mort,gagor. If, however~ such monthly .
paymenta shall not be sufficient to pay such ite~sRw e tlie same ahall become due and payabte, then the
- 80oK ~ ~'0 oA~E 1785 }
~ _
~ ~ y~~ ~ ~ ~