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HomeMy WebLinkAbout2815 ~ .4~~:-. To A~vs Arro ro HoLn the same, to~ethe~vrith sl! undbengiai?r the tc~ements~ heredita?ments und appuc tenancc~ thereunt,o t~clonging or in.eu?yw~se appertaining, und the reversion snd reversions, remsinu~r or re- mainders~ and also aU tho eatate~ nght, t~itle~ ~nl.erc+at~~ hameatead~ do~ver and right, ot dawer, separNte estete, poesesaion, elaim and demsnd whstsoove~~ aa well in law as in equity~ ot cho swid hlortgagor in snd to the same and every part thereof~ with the sppurlpnRnces of the said Mortgagor in snd to the ssme, i?nd overy part ar?~ psrcel themof unto the said Mortgagee in tee simplo. The Mortgagor hereby covenants with t,ho Mort.~agee, ll~et he ia indeteasibly seiaed oi said lsnd in fee simplo or such other estate, if any ea ie stated heroin; ll~at lie hxs tull power and lewtul right to convay the sarae ss afores~?id; that the land is free ~rom ell encumbrances except, us herein otherwise recital; that said l~iortgsgor will make sucL further aasurances to prove the sforesaid title to said land in said Mort{;agee as msy b~+ rcason- abl req uired~ snd that said Mortgagor dces hereby tully wenant the title to said land, snd evary psrt thCreof, aa~will defend the same sgainst the lawiul cleima ot all persona whomsoever. PROVinsa ALweYe that ii the Mortgag~or shall psy unto the Mortga~ee that certain pmmissory note~ of which the iollowing ia s substenlial copy, to wit: Ft. PierCe, i NINE THOUSAND AND NO/100 $9,000.00 , Florida. July 29. ~ 19 ~ . FOR VALUF RSCSIrTD~ the underai~ned pmmiee(s) to psy to the ordec of W. J. Driver ~ as Admin~strator ot Veterana' A![sirs, sn Officer ot the United Ststes of America and hia succeagc?rs in such o ce~ xa such, an~l his or their easigns, the princi al sum of NII~fE THOUSAND and No~140 Dollara (i 9,OOOp.00 with interest irom date st ~he rate of Six & three-q~1a terPer centum ((-3~) per annum on the unp aid balsnce until paid. The asid principal and intPmsF aha~l be payable at the ofi'icc of the Loen Guaranty ~S ~ Oificer, Vet,erans Admuustration Regional OA'ic.e, in St Fet,g sburg, Fl~. 33731 . or et auch other place sa t~e holder me designate in writin delivered or msil~ to the c1ebtor u? monthly instpa1*1ments of a~_.r....~.:.'~~D 1~~ ~ S8~!fi ~f ~ H" FIFTY-~' ~ - - - - - - - - ~ollars S commencing on the 29th dsy of At~q ust , 19 6g, and continuu~ on the dsy oT esch month thereafter until th~a note is fully paid, exce t that, if not saoner paid, the finsl psyment oi pnncipal and interest shs11 be due and psyable on the 2~th day of July , 19 98 privilege ia re8erved to prepay at sny time~ without premiucin or fee, the entire indebtedness or sny part thereof not lesa than the amount of one installment~ or one hundred dollars (t100.00), whichever is less. Any prepayment made on ot~er than an installment due date will not be credited until the next following installment due date. ` If any de6ciency in the psyment of any installment under this note is not made good prior to the due dste of the next such installment, the entire principal aum and ac~rued interest shall et once become dus and ~sy- able without notice at the option oi the holder of this note. Failure to exercise this option ahnll not cons:,itute s waiver of the right to eaemise ~he same in the event of any subsequent default. In the event of default in the payment of this note, and if the same is collected by an attoraey at law, the underaigned hereby sgr~e(s) to pay all costa of collection, including a reaaonsble attomey's fee. . This note is given for purchaae money of real estate and is eecured by mortgage to secure debt of even date herewith, given and delivered by the undersigned to payee on certain real pmperty descnbed therein. Presentment, protest~, and notice are herwby waived. /s/ James S . Hardin------------------------ [sE~r.] . ~ IBEAL~ ~ I ISEAL~ I ; . 4 IBEAL~ i . And ahall duly, promptly~ and fully perform, dischRrge, eaecute~ etTect, complete~ and comply with and ~ abide by each and every the stapulations, agreements, conditaons, and covenants of said~ pmmissory note and i ot this mortgage. then this mortgage and the eatsts hereby created s6a11 cease and be null and void. ~ The Mortgagor further covenants as followa: i 1. That he will pap the indebtedness, as hereinbefore provided. Privilege is reserved to prepsy st anv time, ~vithout premium or fee, the entire indebtedness or any part th~reof not leas than the amount of one inata~lment, or one hundred dollara (i100.00), whichever is lesa. Any p~repsyment made on other than an installment due date will not be c.redited until the neact following instsllment due date. 2. In order more fully to pmtect the security of this mortgage, the riortgagor, together with, and in addi- tion to~ the monthlp payments under the terms of the note secured hereby~ on the installment due date day of ~ each month until the said note is fully paid, will pap to the :liortgagee as trustee (under the terms of this 3 trust as hereinafter stated) the following sums: ~ (a) A sum equal to the ground rents, if eny, next due, plus the premiums that will ne.tt become due and ~ psyable on policiea of fire and other Lazard insurance covering the mortgaged pro~perty, plus tsxes and assessment8 next due on the mortgaged pmperty (all ga estimated b~r the Mortgagee and of which the Mortgagor is notified) less all sums already paid therefor divided bp the number of montha to elapse before one month prior to the date vrhen such und renta, premiums, taxes, and assesa- ments will become delinquent, such suma to be held by ortgagee in tni.st to pay said ground rents, premiuma, taxes, snd special assessmenta. (b) Thea~ege te of tLe amounts paysble purauant to subparagraph (a) and thoae payable on the note secured hereby, shall be paid in a single payment each month~ to be appLed to the following itema ~ in the order stete~: - ' (I) ground renta, taxes, asseasmenta, Sre, and other hazard insurance premiums; ~ (II) interest on the note secured hereby; and E~ "7 (III) amortization of the principal of eaid note. ~.S •f i~ ~ Any deficiency in the amount of such aggregate monthlv payment ahall, unlesa made y the Mortgagor pr~ior to t6e due dat~ of the ne~t such payment, constitute an event of default unde this mortgnge. At Mortgagee's option, Mortgagor will pay a"late charge" not exce.edi of any matall- ment when paid more t6an Sfteen (15) dsys after t6e due date thereo to cover the extrs expenee involved in handling delinquent payments, but such "late ettarge" ahsll not be psyable out of the proceeds of sny sale msda to astiafy the indebtedness secured bereby, unieas such pmceeds are sufficient ao d~~ e th indebtedness snd all proper coats snd expenses aecured hereby. ~Ot~~Ki ~~r P~lf~~r ~ 3. If the total of the paym ents made by the Mortgagor under (a) of paragraph 2 preceding ahall eaceed t6e ' amount of payments actually made by the Mortgagee, as trust,ee for ground rents, taxes and as.~essments, and s . insurance premiums, sa the case mny be, such excees ahall be credited on subsequent payments to be made ' by the Mortgagor for such itema or, at Mortgagee's option, as truatee ahall be refunded to vlort~agor. If, ~ however, such monthly payments ahall not be sufficient :,o pay such items when the asme ehall become due and pa~sble, then the MortgaRor shall pay to the Mortgagee as trustee any amount necessarv to make up _ _ ~ - - _ _~.-a-~. - " ~ r _ _ _ _ ~,T: . ~~`~.~~'.s~~'.su-~~ k.. . . . .