The URL can be used to link to this page

Home My WebLink About1133 f TO HAYR AND TO HOLD 1,~18 8AR10~ ~Pf,~l@! Wll~l ~I al~ a{~1P,t11R~ ~ 1~CR@Meilf,s, hereditsments and sppur- ' lenanc~es thereunto ~clonging or in unyw~ae appe~f~iqinr~ an(~ the ~v4rsion wnd reversions~ cemsin~ler or re- tnainders~ und n18o all tho estate~ right, title, interest; hbmestead~ do~ver Rnd ri ?ht, ~~t dower, srparht.e cstate, posscssion, clsim and demsnd wh~tsoever, as weU in law es in equit,y, ot the si?id ~'Iorlgagor in snd to the same and every pert tt~ereol~ with the appu~tPnancea ot t,he asid Mortge?gor in and to the s~me~ and overy part an~ pucel W~ereot unto the aRid Mortgsgee tn tee simplo. The Mortgagor hereby covenants vrith tho Mortgager~ ~t~at he i~ indefessiblv seized ot said land in fea simple or auch olher estate. if sny as ia stat.ed 1?ercin; t,hat he hKS fult power and lawtul right to convoy ~tho same as atoresaid; tha~ the land ia iree ~mm all encumbranccs except ss herein otherwise recit,ecl; that ssid Mortgsgor will make such further assurancea to provo the atot~esaid ~iUe to asid land in suid Mortgagee as msy be reason- sblyreq uired, snd that said Mortgsgor does hereby fully wurant the title to si?id land, and every part theccwf~ snd will detend the asme agsinst the lewtul cleums ot sU peraons whomsoever. ' PROVtnea ALw,+Ya thst it the Mortgegor ahull pay unto the Mortge?gee thst certsin promissory note, of which the followin~ is a aubstantiel copy, to wit: = 15,800.v0 Fort Pierce , ~orida. June 18 ,19 68 FOR VALUE RECEIVED, the uadersigaed promise(s) to pay to the ocder of thP Admiaistcator of Veterans' Affairs, an Of~cer of the United States of America, and his successors ia such office, as such, aad 6is a their assig~ns, the priacipal sum of FIFTEEN TtIOUSAND EIGHT HUNDRED ° IS 800.00 AND NO/100- - - - g - - - - ' - ' ' ' ' ' ' Dollars , with interest fmm date st the rate of SiX per centum ( 6%) per annum oia the u~np aid balance until paid. The said principal and int~mst. shwll be peyable at Lhe officc o[ the Losn Guaranty Oflicer, Veterana Admimstration Regional Of6ce~ in St. Petersburg Florid8 , or at such other lace sa the holder may designate in writing delivered or mailed to the ~ebtor in monthly installm~nts of O1~E HUNDRED ONE d 80/100- - - - - - - - - - - -~u~ (=101.80 oommencing on the ~th day ot July , 19 , and continuing on the 1Sth day of each month ther~atter untd tbis note ia fuUy p~id,-excep t thst, if not aooner paid, the final psyment oi princi al snd interest shsll be due and payable on the lt3th dsy oi June , 19~3. privilege is reserved to prepay at any time~ without premium or fee, the entire indebtedness or sny part thereof not leas than the amount of one installment, or one hundred dollars (i100.00)~ whichever ia less. Anp prepsyment made on other than an installment due date will not be credited until the next follow ing installment due date. If any deficiency in the paym ent of any inatsllment under this note is not made good prior to the due date of the next such installment, the entire principal sum and ac~;rued interest shall at once become due and psy- able without notice at the option ot the holder of this note. Failure to exercise this option shsll not oonstitute s waiver of the right to exerc~se the same in the event of any subsequent detault. In the even~ ot defsult in the payment of this note, and if the same is collected by an sttorney st law, the underaigned hen+by agree(a) to pay all costa of collection, inclnding s reasonsble attorney's fee. This note is given for purchase money of real estate snd is secured by mortgago to secure debt of even date herewith, given and delivered by the undersigned to psyee on certain real pmperty described therein. Presentment~ protest~ end noti~e are hereby waived. ~ S ~ DONALD EDWARD A +RFNVT ~BEALJ ~ State Documentary Stamps in the ~~ala ~dward~"~rendf'""'~~-~~~~~---~ amount of $23.70 attached to __~sr__PATRICIA_ R,_ AREI!TDT____________~~sEwL1 original and canceled. Patricia R. Arendt - ~SEALJ ! : i i ' ! IBEAL~ : And ahall duly, promptly, and fully perform, discharge, execute, eftect, Complete aq~ oomply' ~th and abide by each and every the stipulations, agreements, conditions~ snd cavenants of s~id~ promissory note snd of th~s mortgage, then thia mortgage and the estste hereby peated ahaII ceaee aad be null and void. The Mortgagor further covenants as follows: 1. Thst he will pay the indebtedne,ss, sa hereinbefore pmvided. Privilege is reserved to prepap st any time, ~vithout premium or fee, the entire indebtedaess or any part thereof not lesa thsn the smount of one wstallment, or one hundred dollara (i100.00), whichever ia less. Any pr~epayment made on other than an instellment due date will not be credited until t6e next tollowing installment due date. 2. In order more fully to protect the aecurity ot this mortgsge, the Mort~agor, together with, and in addi- tion to~ the monthly paymente under the terms of the note secured hereby, on the inatallment due date day of each month until the said note is fully paid. will pay to the l~iottgagee as truatee (under the terms of t6ia trust as hereinafter stated) the foliowing suma: • (a) A sum equal to the ground rents, if any, next due, plus the premiums Lhat will next become due snd payable on policies of fire and other hazard insurance coveru~g the mortgaged property, plua tsxes and asaessmenta next due on the mortgaged pmperty (all sa estimeted by the Morcgagee and of which the Mortgagor ia notified) lesa ell suma already paid therefor divided bl the number of monthe to elspee before one month prior to the dste when suchground rente, prem~ams, taae's, and e.4sess- menta will become delinquent, such suma to be held by Mortgagee in truat to pay said ground rents, ~ premiume, taxes, and apecial aseessments. (b) The eggregate of the amounta psyable pursuant to subparsgrsp6 (a) and those payable on the note secured hereby, shall be psid in a single payment each month, to be appl~ed to the following items in tLe order stated: ~ ' (I) 8~round renta, taaea, s~menta, Sre, and other hsaard inaurance premiums; ; ~ (II) interest on tbe note aecured hereby; and ~ (III) amortizstion of tLe principal of ssid note. Any deficiencq in the atnount of such aggregste raonthly payment shhll, unlees made good by the Mortgagor pr_?or to the due dat~ of the nea6 such payment, constitute an event of default under this mortgage. At Mort~sgee'a option, Mort~agor vrill pay a"late charg~e" not eaceeiliiig four per centum (4%) oI any instsll- ment wfien paid more than 6ftcen (15) days aiter the due date thereof to cover the extrs expense involved in handling delinquent psyments, but such "late chug e" shaU not be psyable out of the proceeds of any sale made to satisfy the indebtednesa secured hereby, unl pro~s sre eu~cient to d~achsrge the entire indebtedness and sll proper coets and expenses secured y 3. It the total of the pa~yments made by the Mortgagor under (a) of parsgraph 2 precedin~ ahsll euceerl the amount of peyments actually made by the tiiortga~;ee, as truatee [or ground rents, taxes and assessments~ snd inaursnce premiuma, sa the case may be, such excess ahall be cre~ited on subsequent payments to be made by the Mort~a~or for such items or, at Mortgagee's option, as tniatee ahall be refunded to Mort~agor. If, however~ such monthly psyments ahal! not be sufficient ~o pay such items when the same shall beoome due and payable, then the MortRagor shall pay to t~he~ t as At`~ s any amount nece9satp b tpalcb up $D~~;~~P~(~11~ - - -r j _ - - _ . ' ~ ~ ~ X