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Home My WebLink About1534 TO NAVS AND TO HOLD ~~I@ Slllil@~ to~ther i~vitii ell und~~ajit~l~ the tenements~ heredit~?ments and sppur- t~enances t,hereunto Mlonging or in anyNise aQpertaining, Rnd the reversion Nnd rrversions~ remsin~ler or re- tnaindera~ and nlso aU tho estAte~ right, title~ ~nt,eres6~ homesWad, dower nnd ri b•h~t ot dowr~, separate estel,e~ poescasion, claim ~?nd .~emsnd whstsoever, sa weU in law ss in equit,y, of tho saia Mor~gagor ia end to U~e same~ r.~d c~ery par~ tli~reof~ with the appurlennncca ot fhe said Mortgagor in iu?d to the same~ ac?d every part snd p~rcel thereot unto the said Mortgagee in tee simplo. The Mortgag~on c~reby covenenls with tho Mortgx~ce, tl~at he is indpieasit,lv scized ot said land in fee simple or such olher estate. it sny, aa is stated herein; thet he hns (ull power and luw~ul right to convey the same us uforeaaid; that the land is freu from all encumbrances excep6 as herein o~herwise recilod; that ssid ,iortgagor will make such turther assurwnces to pro~e t~he stotcsaid title to seid land in said Mo~tgagce as may be reason- sblyrequired~ snd thst said Mortgagnr doea hereby lully watta[~t the title Lv oni~t t~~~, o~c! evcry part thercof~ snd will detend t,he same againat the lawiul claima ot all persons whomsoever. PROVinsn ALwr~YS that if the Mortgagor shnll psy unto the Mort.gngce chst ce~tain pmmissory note~ of ; which the following is a aubst~?ntial copy, to vrit: ` = 11, 000. 00 - Fort Pierce , Florids . June 28 ,19 68 FOR VAI.UE RECEIVED, the ~ndersigped promise(s) to pay to ffie order of the Administrator of Veterans' Affairs, aa Officer of the Uaited States of America, and his successors in such office, as such, and his or their assigps, the principal sum of ELEVEN THOUSAND and no/100- - nol~~s~xl~ood.oo with interest fmm date at the nte of six & three-fouY'ths per centum ( 6 4'%) per annum on the u~n~paid balance until paid. The said principsl and int~mst. s]~wll be p~yable at tt„}~office f the Losn Guaranty Otficer, Veterana Admwisl,ration l~egional Offic.~~ in St. retersdurg, r- oric~s , or at such oLher lace as~dAah er may d ate in writing delivered or mwilecl to the debtor in monthl ~jlments ot S~TY-S~and ~~~00- - - - - - - - - - - - - - ~ollsrs (i X1~': ~11 commenci~g on the day of July ~ 19 6, and oontinuing on the ( 28th day of each month thereafter until this note ia fully paid, except thst, ii nui sooner paid, the final payment of princinsl and interest shsll be due and payable on the 28th day of June , 1993. Privilege is reaerved to prepay st any time~ without premium or fee, the entire indebtedness or any part th~reof not leas than the smount of one installment~ or one hundred dollars (5100.00~, whichever is less. Any prepayment made on other than an installment due date wiil not be credited until the next• follow-ing installment due date. Ii any de6ciency in the paym ent of any installment under this note ia not raade good prior to the due dste of the next such inatallment, the entire pruicipal sum and accrued interest shall et once become due and pay- able without notice at the option of the holder of this note. Failure to exercise this option shsll not conatitute a waiver of the right to exem~se the same in the event of eny aubsequent default. In the event of defsult in Lhe payment of this note, and if the seme is oollected by en attorney at lnw~ Lhe undersigned hereby agree(s) to pay all costs of collect,ion~ including s reasonable ~ttorney'e fee. _ This note ia given for purchase money of real estate and ia eecured by mortgage to secure debt of even dste berewith, given and delivered by the undersigned to psyee on certe?in real property described therein. Presentment, protest, and noti~e sre herr.by weived. /s/ GLADYS SPEARS ~S~ALJ State Documentary Stamps in the -~'raiikIiiri ~H: -~Spea"rs-"By"~Glady~ amount of $16.50 attached to Spears, attorney in fact for ~ - (SEALJ original and canceled. Frank~iri ~~~pears~~~- - , /s/: GLADYS _ SPEARS [sE~r.] Gladqs Spears i IBEALJ ` And shall duly, promptly, and fully perform, discharge, execute, eBect, complete, and coraply w~ith and ~ ~bide by each and e~ery the stipulations~ agreements, condittons, and covenants of said~ promissory note and E of this mortgage, then this mortgage and the estate hereby created shall cease and be null and void. ~ The Mortgagor further covenants as follows: 1. That he will pay the indehtedness, as hereinbefore pmvideci. Privilege is reserved to prepey st any time, ~vithout premium or fee, the entire indebtedness or any psrt thereof not less then the amount of one uiatallment, or one hundred dollars (E100.00), whichever is less. My pr~epsyment msde on other tLan an installment due dste ~vill not be credited until the neact fo)lowing instsllment due date. 2. In otder more fully to protect the security of this mortgage, the Ziortgagor, together with, and in addi- tion to, the monthly paymenta under the terms of the nate secured hereby, on the mstallment due date dsy of each month until the said note ia tully paid, will pay to the ~lortgagee as truatee (under the terms of this trust as hereinafter stated) the following sums: ~ (a) A sum equal to the ground rents, if any, nezt due~ plus the pcemiums that will next become due and pay able on policies of fire and other hazard insurance covenng the mortgaged propercy, plus teaes snd essesaments next due on the mortgsged property (all as estimeted by the biortgagee and of ~ which the 111ortgagor ia notified) less all sums already psid theretor divided bY the number of montha ~ to eispse betotc one month prior to the dste when such~ground tents~ premiuma, taxes; and sssess- ~ menta w~ll become delinquent, such suma to be held by Mortgagee in truat to paq said ground rents~ ~ premiums, tues, and apecial ass~sinenta. (b) The aggregate of the amounts payable pursusnt to subpsragrsph (s) snd those paysble on the note A secured heceby~ ahsU be paid in s single psyment each month, to be spplied to the follow-ing items in the order stated: ~ (I) ground renta, tues, asaessments, ~ire, snd other hszard insursnce premiuma; ~ (II) intereat on tLe note aecured hereby; and ~ (III) amortisation of the principal of 8aid note. ~ An deficienc in the amount ot auch te monthly nt ahall, unless made ood b the 111or or ~ Y Y~ ~R~ P~3'~ B Y ~aK ~ prior to the due date of the nect such payment, constitute an event o[ de(ault under this mortgnge. At Mortgagee's option, Mortgagor w•ili pay •"late chuge" not e~ceeding iour per centum (4%) ot ~np ~nstall- ~ meDt when pa~d moro than 6fteen (15) dsys after the due date thereot to cover the extn expense ~nvol~ ed ~ in h~ndling deliaquentps yment~, but such "late cturge" shall not be p~yable out o( the proceeds ot ~ny ~nle ~ made to satisfy the indebtedness secured herEby~ unles~ sucb pt~oceeds are au~cient to dtscturge the entire ~ indebtedoees and ~11 proper costa and expeoses secuted hereby. ~ 3. Ii t6e total of t6e pa~ ymenta made bv the ~iort~a~or under (a) of parn~sph 2 prece.ding ahsll ex~eed the airwunt of payn~ents sctuall.v made by the~~tort~a~ee, ss trustee [or ~mound rents, ta~es and a~nesstnenta, ~nd insunnce~ prnmiuma, aa the case may be, such e~cesa shell be creclited on subaequent pavmenta to be madP by the ~iortga~or for such items or, ~t ~1ortKa~ee's option~ !?S ~r119tt'C 3IIOII hP refunded to ~iort~a~or. If, ~ ho~rever, such monthlypa cmenta ahall not be auflicient :o pa~ such it~ms when thP ~,?~ne shwli become du~ ~ and payable, then th~ ~fortRagor shull ps~ to the g truste~ u y~ ount ec. _ Lo tuslcs ttp 0 ~ 6~1L~ tA;,i ~J...v :v.~~ .:~_3 ~ _ _ _ . _ _ . _ _ - _ _ _ ~