HomeMy WebLinkAbout1645 TO HAVlC AND TO HOLD W18 SAIr18~ t~+ther vrith sll und singulpr the tenementa~ hereditamente and appurL
ten~nces thereuntu belonging or in anyvr~se ~pperti?ining, and the reversion end reveraiona~ remainder or re-
inainders, and ~lso sll the eatate~ right~ ti~le~ mlerest, ~omeste}d~ dower and righ~t ot dower, sepuate estste~
poasession. claim nnd demsnd whsteoevec~ as well in l~iv as in equity~ ot.tho said Mortgsgor in snd to the same
and ever~ pi?rt thereot~ with the appurtenar?cea of the esid Mo~tgagor in e?nd to the same~ end every psrt un~
percel thereof unto the said Mortgagee in fee simple.
The Mortgagor hereby oovonenta with the Mortgagee~ ~h~t he is indefessibly seired uf said l~nd in fee
simple or auch other eatate~ it any~ as is atated herein; that he hns tull power and Iswtul right to oonvoy ~the swae
eia sfores~id; thst the land ia lree from all encumbrancea except us herein otherwise recited; th~t s~id Mortgsgor
wi!1 make auch turther aesururices to pmve the doresaid title to said land in si?id Morcgsgee sa msy be reason-
sbly*~eq uired, e?nd that eaid Mortgsgor doea hereby fully warrsnt the tiWe to si?id land, and every psrt thereoi,
snd xill defend the ssme ~gsinst the lawful clsima oi ~Il persona whomeoever. ~
Pteoviuxu AL~v~Ya th~~ if the Iliortgagor ahall pay unto the Mortgagee thst certain promissory note, ot ~
which the tollowing is a aubetantial copy, to wit:
i 17 , 000 . 00 Fort Pierce ~ F1ori1• .
April 23 ~ 19i68 •
FOR VALUS RECSIVSD~ the undersigned_promiee(s) to pay to the order of
~ Admin~slrat~r of Veterana' I~fisire, an vP.'i:.er oi the
United Ststes of Ame ca, and his a ccessa uch otTice~ ~s such, enci his or their assigrte, the~~n~s~of
SEVENTEEN TH~USAND an~ no~~- - - - - - - - - - - Dollers (i ~ •
with interest from dete st Ehe rate of S iX per centum ( 6%a) per annum on the
u~np aid bsli?uce until psid. The said princi
pal and intPrrst• ah~ll be pay able st the oti'icc of the Iaan (3uarant
?n
Of~icer, Veterana Administration Regional ~ffce, in St. Petersburg Florid8 , or at suc
0 1 o d ote in vered or msiled to the c~ebtor in monthl enta oi
~ ~a`"'~`~fi~- - - - - - - - - ~u~ c: i~`~`~~
commencing on the first day of June , 1~8 ~ and continuing on th~
first day of esch month thereafter until t~his note ie fully psid~ ~irst °t, if not ~noi
paid, the finsl payment oi pruici al snd intereat shall be due and psysble on the y
:~y ,19 8~.
privilege is reserved t,o prepsy at any Lirae, without premium or fee, the entire indebtednees or sny part
thereof not less than the emount of one inatallment, or one hundn~d dollars (t100.00), whichever ia less. Any
prep~yment made on other thi?n an instaUment due date will not ba credited until the neat following instaUment
due date.
If any deficiency in the psym ent ot any installment under thia note is not made good prior to the due d~te
of che neat auch inatallment, the entire principal eum and sc~:rued interest shsll at once become due and ~sy-
able without notice at the option of the holder of tLis note. Failure to exerciee tbia option shall not const?tute
s waiver oi the right to euercise the same in the event of sny subeequent default. In the event of default in the
payment of this note, and if the eame is collected by an attorney st lsw, Lha underei~?ed hereby agres(s) to
pey aU costs of collection, including a reaeonsble sttorney's fee.
'Thia note is given for purchsse money of real estate and is eecured by mortgage to secure debt of even
dste herewith, given end delivered by the undersigned to payee on certain real proparty described therein.
Presentment, protest, and notice are hemby waived.
/ S/ WILLIAM W• DYM[1N teEAL~
State Documentary Stamps in the ~~,jilliam W. Dymun
amaunt of $25.50 attached t0 _ ~gEALJ
original and canceled.
- IBEALJ
~ IBEAL~
~ And shall duly, promptlv, and fully perform, discharge, execute, eRect, complete, and comply with and
i abide by each end e~ery the~atipulations, agreements, conditions, and covenants of said~ promissory nate and
of this mortgage~ then thia mortgage and the eatete hereby creeted ahall ceaee and be null and void.
The 141ortgagor further covenants ae follows:
' 1. That he v?*ill pay the indebtedneas~ ss hereinbefore provided. Privilege ia reserved to prepay st sny time,
~vithout premium or fee, the encire indebtedness or any part thereof not less thsn the amount oi one installment,
or one hundred dollara (t100.00), whichever is less. Any rep~yment msde on ot6er than an inatallment
~ due dste will not be credited until the neat following inst~ent due dste.
~ 2. In order more tully to protect the security of this mortgsge the Mortqa~Or, together with, and in addi-
tion to, the monthly papments under the terme of the note aecure~ hereby, on the installment due dste day of
each month until the said note is fullv paid, will pay to the Mortgagee aa truetce (under the terms of thia
trust as hereinafter stated) the following sume:
(s) A aum eQuai to the ground rente, if any, next due~ plus tbe premiuma that vvill ne~ct become due ~nd
p psy sble on policies of fire and ather huard inaurance covermg the raortgsged pr~operty, plue tsxes
and aeseaementa ne~ct due on the mortgaged prop~erty (all sa eatimated-b the Mort{tagee and oi
~ which the ~iortgagor is notified) lees aU suma already pud therefor divided ~J the number of months
to elapse befon one month prior to the date when such~ground rents~ prenuume, taxes~ aad asseos-
~ menta v~*ill become delinquent~ such auma to be held by Mortgagee in trust to psp said ground rent~,
~ premiums, taxes, sad special aeseaements.
_ (b) The aggregate oi the atnounta p~y~ble ptusu~nt to subparagrsph (s) and those pay sble on t6e note
secured hereby, shall be paid in • au?gl~ psyment each month, to be applied to the follow~ng itema
4 in the ordet atated:
F (I) ground rents~ tauea~ assessrnents, fire~ and other h~sard inswance premiums;
~ (II) int.ere~t on the note ~ecured hereby; and
(III) amortisation ot tbe principal oi s~id aote.
~ Any de6ciency in the amount oi such agg~rgate monthlv p~yment shall unle~s made good by the I~iortgagor
~ ~r~ior w t6e due daW of the aeat wch pa~ment, conatitute an even~ o~ det~ult under thia mortgage. At
:lrior oPtioa, Mortg~gor~ill pay a•'Lte charge" not exoeediag four per centum (4%) of wy w~tsll-
~ ment w en pud more than Hiteen (IS) d~ys after the due d~te thereoi to oover t6e extn expense invotved
~ in handling delinquent p~pments, but such "bte ch~rge" shall not be payable out ot t6e p~c y~
~e ~
~y enade to satisty the iadebtedneas ~ecured Lereby, unleas such proceeda ue ~ufficient to duc
~ iudebtedne~s ~nd all proper oo~ts and ea~pemes ~ecwbd hereby.
~ 3. If the total o( the p~vments mad~ br the ~~ortR~{Cor under (al of psrs~raph 2 pr~~•~vlu~~ shall exceed Lhe `
~ amount of pavmenta sctwl~~ msde b~ the :~tortgagee, we trustee for Rround rrnts, ta~t~ ,~nd weeasmenta, ~nd ;
~ ineunncp pcemiums, ss the casP m~~ be. such ~accse shsll be credit~eci on aut~equent psymenta to be m~de
by thr ~tostgs~or tor auch iteu~a oc. st ~tort~sger'a option, as trual~e sh~ll t,e retun~ie.l to ~1ort~tsRor. [t,
~ howe.-er, such monthlr p•rmrnts ~hall not be suflicie~t to pep su~h ite~~ie when the w?~e sh~ll become du~
~ and par~bl~, then tt~e ~iort~s~or sh,.ll poy to th~ ~tortgy~+e sa trustee any amount nece~ary to make up
~ ~~R~ Z?i ~~~F 1643
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