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16'795'7
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Foa~ FNA 427-1 Fle. ~itb Seou~ih? Ca~pinv of Fat p~wa~r
~ REAL' ESTATE~ MORT(~IAQE ~ FOR~ FLUBID'A ~ S'0°"~ P~°~' ~
(Rev. 6-A-6~ ~ ilo~idi.1~K to th~ hwano~ o~
(iNSURED LOANS-TO INDIVIDUALS)
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Jun~~ 13tt~ 1958 - - . -
KNOw ALL MEN BY''TNESE~ PRESEI~TPS, Dated ----._.-------.._--------•------_..1------•---._~..__.__._______..------,-.---- •
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Clarence W. Hasell,~ef sad He1en M. Haze~.lief, #
wHEttFns. ~ne u~~;~a ~_._...._....___..._...~.w........ r.. - ;
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his w3.~e ~ ~
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. _ . . St. Iucie ~ Ft«;aa wLo~e post ofRce ~dacess ;
residinq in Cou4ty. ,
;S _ _....~410 Citrus~<ve. Fort Pierce _ ~ , Fiouaa ~5~ ;
-y«.._ __.r.~ _ « • •
hecein called ."8osrower,'s ace (is) justly indebted to the Upited States of America. acting duoagh tLe Fecaers Tdare Ad~ ,
istratioa, United States Departmeat of A~ticuldue, hereia. called tLe "Govemoent,•• as svideaced by a c~ciai~ pRo~u~ssoty
note, 6ecein ~ called ••tbe ~ote,", dated ~ .._~~e__~~ _-..r_.... , 19~ . Ea P~PV s~ of ;
e , _ . .
~ ~ _ 6 600.00 ~
- ---51~_ th~~d~_$~.~'
hunt~red_
at~d No,~100 - - uo1t~ (t )._~r~ ~
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~ interest at the ra~e of FiV9----~--- Percent 96) Per annuv, e~ecnbRd by 6ono~wa and p~y~le Lo tbe ocdei of :i
f the Governmeqt in iastallments as spec~~ed therein, t6e fiaal iastallmeat,bai~ dae~oa 19~--------- . -
~ whic6 aote aut6orizes acceleration of the entice indebtedae~s at the optivo of tbe Goverooeat opon aaY deEanlt by B~-:au ~c,
and ~ . . ,
WHEREAS, the note evidences a loan to Bacov.er in tb~ P~incipal ~oqnt spedt~ed tie~e~a. sade witti t~e pupose ~d
intentiot? that the Government, at aay time, may assigp the note and insnre tbe pay.ment t6eceat porsnaut to the Consolidated
Farmers Home Admioistratiori Act of 19~I, a Title V~ tLe Housing Act ot 1949; aad
W}iEREAS, when.pay.meat of the noEe is insuced by the Goyera~ent, it say 4e sssi~ped froe 4as to tiae aod each holder
of tbe insured ao'te. in tum, will be the insnred leadet; aEad _
IIIHEREAS, ~rben payment of the note is iasured by t6e Gov~rmest, the GoMer~ rrill e:eca~e aad deliva to tLe insured
leader sloag with the aote an insurauoe mdocsereot insuring the peymmt of all a~ou~s payable to the iasared lender is
connection wit6 the loan; and
WHEREAS, w6en payment of tbe aote is insured by the Governmeat, t6e Govemment by agteement with t6e iasQed lender
set forth in the insuraace eodocsement may be eatitled to a specified pation cf the peymeats an tbe a~te, to be desigpated
the "aannal charge"; and • '
MNEREAS, a coodition of the insuraoce of payment af the note Mrill be that the boldec ~ill faegp his rightg and reaoedies
apinst Borrower aad any otbers in cancectian with said laen, as~well, as aey bene~it, o~ tbis io~twie~t, and will accept
tbe becefits of suGh insoraoce in lieu thereof, and upoo t6e Govetn~n~s tequest will assi~q_ tbe aoLe to tbe Gavecnoeat; aod
NFIEREAS, it is the pacpose and intent of tlus inshument thet. amon~ other thiags4 ~t a~ti~es when t6e note is 6eld by
the Gov~ernmeat, or in the eveot tbe Governmeut s6ould assip this insUuaeat ~witiwut ins~aaace ot tbe note, this iushument
shall sec+ue peyment of t6e note; bnt when the uote is held by aa insue~ed 1~, ~is isstrueeut~ sball aat ~ecure payment of
tbe nde a attach to the debt evidenced thereby, but as to the note ~tod anch debt s1~11 doo~tit~e en itidemnity matgage to
~ secnre the Governmeat agsiaat lo~s under itg insurance end~semeat~y-reason af a~y defa~~~~! Boer~oae;..
~ oes
NOI/, ?HEREFORE, io consideratiun oE said loan and (a) at all t~iqes` tbe.AO~k is.1~~.611 tha.~w~te~n~aaf.~ ia tbe
eveot the Govemmeat s6onld assign this instruoent wit6out insnca~~ o[~~pi~ieCllt AI Nle odt~ tiu sECtiue pcompt Po7+~~
d tha~~ote and a4y:~eJl~tab Md e~os~OS t~e~llof : aai:aa'~e ~O~eebents coateined thaein; includjnB ~Y P~~ioa fa t6e
y ~M
PeYme~t o~ ;al,ios~rance er,ot~_y cL4~e -Eb) ai P11:ti~eq,w6eg idC is-be~d(bY t!.ws~td~eniet~~ !MS~ ~s~o4~oce
oE Bat1~r~..'s ~eea?eOt 6~eia ~ iqd~on~Y;~.~y.e jarqles~ L`o~rie~qaleu ,~s~,-'ias,t ,yvd~
by reei~o5 ~f anR d~fault ~by_8ocrow~ ~ad c) ~m ~a~ay ~eiient. a at' ~11 t'~imes tb `aecure~e~rg~~ paU~~f. p~~a~~ya,u~c~
and ezpeiditmeai ~db by tlie ~oi~mmeo~~ witb'.tet~eat, is'6eceinaftet'desaib~.-and ~e'pedor~an~-of dre~y oivlhldt
_ and agr~t2at~o~ Botrawer~~si~S6ed:lietCin A~~ ~biy anPP1~a~aifatY ~Meiti=Bv~~ie~,~oes l~eieb~".~ad. 6at~[t. seA~
conveyj...~loitp,~~ as~i~;end feaeve[;4llaaqt~~tu the~?etaa~e~s~ follqrdnB:P~~9~~~~40ed ,i~ ,the 9p~ye af Fbddq,
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