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Home My WebLink About0542 TO HAYE AND 7'O HOLD f~}1@ sa[[I~~ i~,~*ti~e~, v~~~ ~ d~ingu~"~l~ tsnomanta~ hcredit+?mcnts and appur- ~ tenanoes t,hecEUnto Mlonging or in.anyw~se a~pe~ts~ttin~, und the revereion And reversions, rem~?inaer or re- , tnaindera~ ~u?d Also ~11 the esW?to~ nght~ ~itle, int,eres~, homestoad, dower snd ri ht oi dower, sepi?rwte estate~ poascsaion~ claim und demand whateoever, as well in la~? as in equity, oi tho si?i~l ~oct.gugor ia u?d to the same and every purt the~+eoi~ with the appurlenunces ot f~he said Mortgsgor ia snd to the same, snd overy part, sn~ parr,el ~t?errof unto W?e said Morigagee in Iee simplo. • The Mortgagor h~c+eby ooveAante with t,he Mort{~~gpe. t,hat he is indetesaibly aei~d of ssid li?nd in fee simple or such other estate~ if ~ny, as ir ntgted herein; thst he has tull power and law~ul right to convo the sune n as doresaid; th~~ the lat~d is lree lrom ~11 encumbraacoa except ~s herein otherwise cecited; thst said ortgsgor ~vill make su~h furih~r ssaurAnc~ La pm~~ t~ha sioe~esaid title to said land ia suid MortgRg~ee ~s msy be resson- ~blyreq uired, and that esid Mo~tgagor does horeby tully wuraa~ the uda to suid lund~ and every psM~ thereoi~ and wiU defend the same agsinst the lawful cl~ima ot all persons rvhomsoever. PROViDSn ALw~YS that ii the Mortgsgur shall p~y unto the Mortgsgoe thst certain promissory note, o! whic=8 100 Ov is a aubstantial coPY, to v?i6: Fort P t~ro. , Ftoha.. Ptbruary 29 ,19 68 ~ FOR VALUE RECEIVED, the undersi~ed promise~s) to pay to the order of the Administrator of Veterans' Affairs, aa Officer of the United States of Ameri~a~ and is successors ia snch office, as ' su end his oc their assi~s, the principal snm of ~~pt ~oua~Dd O~tt Ii~dred attd i ~o~f oo--•--•--•---•---•-------•--•----••------nou~s c$ 8,ioo.oo-------~, ~ with interest irom date at ihe rate of • ~]t per centum ( 6%) per annum on the ~ u~n_paid balance until paid. The said principal snd int rc~st ahwlt be ~y sble the 4{~ce of the Losn (~usranty Officer, Veterans Admu?istration Regi~nal Off'ic.e. in ~aC1c~oDV ~l! ,~oT ida , or st sueh 0 1 aa the h 1aer es~gnate in writing delivered or nasiled to the debtor ia monthl mcnta oi l~~~~~~ ae~ 19~~•.•---••~.-•~~..~••-•..••••••~-•-~ollus (t oomme~aa~ the lst. dap oi Ap~'~l , 19 68 ,~nd oontinuing on t~?e day oi each month thereafter until this note is tully paid,gx uept thst, if not eooner p~id, tLe Sn~l payment oi princi ai snd intcrest ahwll be due snd pay+?ble on tbe lat. day oi Mercd ,199~. priviie g~e is reeerved to prepay st any time, without premium or fee, the entire indebtedneas or sny part thereoi not lees than the amounL of one installment, or one hundred dollars (i100.00), ahichever is less. Aay prepayment made on other thsn sn inatsllment due dste will not be credited until the next following instellment dua date. If any de6ciency in the psym ent of any inatallment under this note is not msde goai prior to the due date of the next such instsilment, the entire pruicipal sum i.nd ac~:rued interest ahall st once beoome due and psy- able ~vithout notice st the optioa of the holder of this note. Failure to e~cerciee this option ahall noti constitute s waiver of the right to e~cercise the same in t~he event oi any subsequent default. In the event of default in the payment of thia note, and if the same ia uollected by an attorney at lsw, the undersigned hereby agree(s) to pay ~11 costs of collection, including a reasonable sttorney's fee. T'his note ie given ior purcLase money of real estste and ia secured by mortgsge to eecure debt ot even date herewith, givea and delivered by the underaigned to payee on certain real property deecribed therein. Presentment, protest, and noEire ue herr.by waived. _~$~__~A~~~t__L,__ Al1eX------------------- [se~L] Nobsrt L. Alley - /s/_ Petric~a__Alley_----------------------- fse~L] . . patrfoia Ali~~ ~ S ~ ~BEAL~ ~ i ~ IBSAL~ E { ~ And ahall duly, promptly, and iully perform, discherge, execute~ eRect, complete, and comply with and ~ sbide by each and every the stipulations, agreements, cond~tiona, and covenante of said~ pmmia9ory note and ~ of tLis mortgage, then this mortgage and the estate hereby crested ahall cease and be null and void. ; The Mortgagor further covenants as follows: ' ~ 1. That he will pay the indebtedness, as hereinbefore provided. Privilege ia reserved to prepay at any time, ~vithout premium or fee, the entire indebtednesa or any part thzreof not lesa thsn the amount of one u~atallmeat, or one hundred dollars (i100.00), whichever ia less. Any prepsyment made on other tLan aa installment due date will not be credited until the nest following installment due date. 2. In order more fnlly to pmtect the security of this mortgage~ the Mo~r, together with, and in addi- tion to~ the monthlp payments under the terma oi the note secured hereby, on L e installment due date day of each month until the stud~ note is fully paid, will pay to the Mortgagee ss trust~ee (uader the terms of thia ttust as hereinafter stated) the•follovving suma: • (a) A sum equal to the ground rents, if any, next due, plna t~e premiums thst will next become due and psyable on policies of fire and other hezard insurance coveruig the mor pro~perty, plus tsaes and assessments nest due on the mortgeged property (allras ~timated~the Mortgagee and of . which tLe Mortgager is notified) leas all sums already psid therefor divided ~~r the number oi months to elapse betore ons month prior to the date when suchground renta,. premiums~ taues, snd asaesd- menta will become delinquent, such suma to be held.by Mortgagee ia truat t~o pay said gcound rents~ premiums, tsxes, snd speciat aseessmenta. ~ (b) The aggregste oi the amounts psysble purausnt to subparagrsph (a) and t6oee psyable on the note ~ secured henby, ahsll be paid in s su~gle psyment each month, to be spplied to the follovring items ~ in the order ststed: ~ (I) 8a~ound rents, taxee, aeeeesmente, Sre, and other haaard insurance premiuma; (II) interest on the note secured hereby; an~ ~ (III) amortiastion of the principal of aaid note. Any deficiency in the smount of such aggregate monthlv payment ~hall, unl~a mada goad by l,he MosLgagor ~ pr~ior to the due dataa of the ne~L auch payment~ conatitute sn even~efault unde~this mortgage. At:~ Mort,gagee'a o tion~ Mort~agor v~rill pay a"late charge" not exceeding per centum ~'Jo) ot say u?atall-N' ment ~vfien paud mon thsn $iteen (15) dsys after the due date thereof to cover the eatra e~cpenee involved in hundling delinquentps ymenta, but such "late charge" ehsll not b~ps yable out of the proceeds ot u?y sale made to astiafy the indebtedness eecured }~ereby, nnl~ sucli pmoeeds are sufficient to d~achuge tbe entire indebtednees and all pmper i~sts ~nd eapenses secured heceby. , : ' 3. If the total of the pa~yments made bq the Mortgagor under (s) of pnragrsph 2 preceding ahall exceed the amount of payments actually made by the 1~iort{~agee, as trustee for ground renta, taxes and assesamente, ~nd i insurance premiume~ se the case msq t,~, such excess ahall be credited on subsequent paymente to be made ~ by the Mort~agor for such items or, at Mortgagee's option, as tniatee shall be,refpnded to Morts~ag~or. If, however, such monthly~ psyment8 ahall not be sufficient :,o pay such items when the same shall beoome due " and payable, then the Mortge~or ahell pay to th~e ~ or ee as t ny amount oecesssry to make up r~ ~ _ - .x~_.__. . . -