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Home My WebLink About2589 TO HAVF AND TO HOI.D ~~10 SAnIA~ to~{e6h@r wi e~lt~?nd,si~~uinr the tenementa~ heredicaments and appur- t.enancra thereunto belonging or in snywise aQper~iniqg, unci 1~! ~everaion and revecaiona~ remainder or re- raninders, and alao all tha estate~ right~ titlo~ interost•, l~amestesd, do~ver and right of doHer, separ~te estate~ poesession, claim and demand whalsoevor, as well in law as in equity~ of the st?i~l \iortgegor in nnd to the same and ever~• pert tLereof, with the appurtenanecs oi the said :1'Iortgngor in and to tho same~ and ~very part anc~ parcel tliernot unto the said Mort.ga~,n~e in tee aimplo. The l~iortgagon c~reby covenanta with Lho ~iortga~e, tl~e~ he is incie~easibly scis.ed of asid l~nd in fee simple or such other estate, if t~ny, as is atated 1?erein; that 1?e h~ [ull ~ower and law~ul right to convey tho same as aforesaid; that the land is ~ree trom all encumbrances except as herein otherwiscs recitecl; that said ltortgagor will mnke such further assurxnces Io provo the atornsHid title to said land in said 1lidrtgagee as mey be reason- ablyreq uired, and that said Iltortgagor docs hereby fully wsnant the titlc to said land, and Pvery part thereof, and will defend the samo ageinst the lawful claims of all persons whomsorver. PROVinED ALw~tis that it the \tortge~gor shall pay unto the Mortgx~~ that ceri,sin pmmissory note~ of which the tollow ing is a subatantial copy~ to wit: = 11, 000. 00 Fort Pierce , Florida . riay 15 , ~9 68 . FOR VALUF RECEIVFD~ t.he underaiRned pmmise(s) to p~y to the order of Administrator of VetErans' Affairs~ an Of~cer of the United States of AmericA, and hia succeesc~ra in such office, xa such, and hia or their assigns, the princi s of EN TH0IJSAND and no/100- - - - - - - - • - - - Doll~~s (s11,00 .0~ vvi~ternat from dste at the rate of SiX per cen~um ( b%) per annum on the un~paid balance until paid. The said principal and intemst. shall be paxable at thep fficS Qf the Loan Guaranty Officer~ Veterans Adminiatration Regional Office, in St. PeteYSburg ~ F1orlciS , or et such o ns~g~~p~q the xh'oplder ms designate in writing delivered or maiic~cl t,o the d~htor~ in mont!hLy~n~st~lments of ~i l~l\ 1 1 8I14 OS /~0~~ ~ ~ ~ ~ ~ w ~ ~ ~ ~ ~ _ ~ DOIIBTS ~~y / • aS commencing on the first day of JUrie , 19 68, and continuing on the first day of each month thereafter until this note is full~ paid, except that, if not sooner paid~ the fi~ psyment of pru?cipal and interest shall be due and payable on the first day of , 19 93 . Privilege ~s reserved to prepay et any time~ without premium or fee, the entire indebtedness or any part thereof not less than the amount of one instxllment~ or one hundred dollars (a100.00), whichever is less. Any prepayment made on other th~?n an installment due date a'ill not be crcdited until the ncxt folloH-ing installment due dete. If any deficiency in the paym ent oi any installment unde. this note is not made goa! prior to the due deLe of the ne:ct such instsllment., the entire principal sum and accrued internst shall at once becAme due and pay- able without notice at the option of the holcier of thia note. Failure to ea~ercise this option shall not constitute s a aiver of the right to exercise the same in the eve~t of any subsequent default. In the event of default in the pevment of this note, and if the same ia collected by an attorney at law, the underaigned hereby agree(s) to pay all costs of collection~ including a reasonable attorney's fee. This note is given for purchase money of real estate and ia secured by mortgage to secure debt of even date herewith, given and delivered by the undersigned to payee on certain real property described therein. Presentment, pmtest, and notiee are hernby waived. State Documentary Stamps in the ~S~ JANET LAND ' ~BF.ALJ - amount of $16.50 attached to Janet Land, formerly Janet Land original note and canceled. ~n~__________________~________________________________ [sE~L) ~SEALJ ISEALJ ; And shall dulv, ptomptl~ , and full~ perform, discharge, execute, effect, complete, and camply w~th and ~ abide by each and e~ery the~stipulations, agreements, conditions, and covenants of ssid~ promissory note and ~ of thia mortgage, then this mortgage and the eatate hereby created ahall cease and be null and void. i The Mortgagor further covenant8 as follows: ~ 1. That he w~ll pay the indebtedness, as hereinbefore provided. Privilege ia reserved to prepay st any time, ~ without prnmium or fee, the entire indehtedness or any part thereof not lesa Lhan the amount of one u?stallment, ~ or one hundred dollars (5100.00), whichever ia less. Anyprepayment mad'e on otLer than an inatallment due date will not be credited until the next following inatallment due date. 2. In order more fully to protect the security ot this mortgege~ the Mortgagor,.together with, and in addi- tion to, the monthly pa~~ments under the terms of the note secured hereby~ on the u?atallment due date dsy of euch month until the said note is fully pnid, will pay to the ~iortgagee the follovring sums: ~ (s) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and ps~able on policies of fire and other hazard inaurance oovenng the mortgaged propert~, plus taaes and easessments next due on the mortgaged property (all as eatimated by the ~iortgagee and of ~ v~hich the 1lortgagor ia notified) less all sums already paid therefor divided b~ the nu~ber of months ~ to elapse before one month prior to the dete vrhen such~round rents, premiums, tates, and asse9s- ments wlll become delinquent~, such sums to be held by A~ortgagee in trust to pay said ground rents~ ~ preniiuma, ta~ces, and apecial aasessments. ~ (b) The x~rcgate of the amounta payable pursuant to subparagreph (a) and those pa~~eble on the note - - securrcl hereb~, st~all be paid in a single psyment each monLh, to be applied to the following items - in the order steted: = (I) ground renta, taaes, ~scssments, fire, and other haz~rd inaurance premiums; ~ (II) interest on the note accureai hereby; and (III) amortization of the principal of said note. Any deficiencv in the amount of sueh a~m~at4 monthly pa}-ment ahall, unless mnde good by the I~iort~agor u rior to the due ~late of t6e ne~~ such payment, conatitute an eveat of defai~lt under this mortgxge. At ~ ~iort~; ee's oQtion, :1~oKgaRor w•ill psy •"late charRe" not e~ceeding tour per centum (4~'/0) of any install- ment when pa~d more t6an fift~en ( l5) dsys after the due dete thereof to cover the ecira expcnse ~nvolved in handli delinquent. a~ m~nts, but such "late chat~e" s~ell not be pa~ able out of the proceeds of sny sale ~ made to s~itisfy the indebtedness secured hereby, unless such proceeds are eufficient to d~ach~rge the entire ~ indebtednese and atl prc,per costB and eapeases secured hereby. ~ ~ 3. It th~ total of the pe~mente mede by the Mort~ r und~r (a) of para~raph 2 prec~~ding ahall excec~c! the ~ amount of payment~ actu~l~~ msdc by the MortKuKre, ~~r Qmund mnts, tRx~~ snd as~~~xments, and insuranc;e ~ premiuma, as the cawe may br, sueh ecces.w ghsll be crndit~~! on sutr.~•g u~ent psym~nts to be madP by tt~e :liort- ~ gagor (or such items ot, at ~iortgag~~'e option, ahall be trfundeci to ~iortgsKor. If, however, such monthl~ ;i peymenta ehell not be sufFicient ta psy such items w~hen tl~e a~me shsll bernme due snd po~ sble~ thetl thr ~ eooK171 P~cE2583 _ w - _ _ - ~ - - - _ - - - ~ ~