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Home My WebLink About2843 TO HAVS AND TO HOLD E~IC SAIrie~ to~e+t6er with sl! und ain~~la~ the tenetneat#~ h4t~editariqent~s ar~tl appucR- tenanrna t~hereunta bclonging or in +tnyw~se aPpe~taining~ and the reversion ahd freveisions, rom~lq~[ec or re- mninders. and niso all tho eatate, right, title, ~nteres6~ l~omest,ead~ cio~ver and right~ ot dower, se arate estate. posscssian, claim nnd demand wl?alsoever, aa well in l~w as in equity, oi tlio axid Aio~tgagor in sn~ to ~he same and ~very pa~t tl~~reof, with the appu~tennnces of the said Martgsgor in snd to the same~ and overy part Rnd parcel thereof anto the suid Mortgagee in fee aimplo. The Mortgago'r hereby covenants with tho Mortgagee, that he ia indeteasibly seiscd of said land in fee simple or such other eatate. if sny, sa ia stat~ed herein; tl~at i~e hKS tull power and law~ul right to convoy the avtne as aforesaid; that t~he land is tree lrom all encumbrences except xs hecein otherwise recited; that said Mortgagor wil! make such further sasurances to prove the afornseid titJe to said land in asid Mort~ngee us mny be reason- ablyreq uired, snd thst ssid Mortgsgor does hereby tuliy warrsnt the title to said Iwnd, and every part thereof~ snd will defend the same against the lawiul claima of atl persona whomsoover. PROVinsn ALweYS that if the Mortgagor sh~?11 pay unto the Mortga~;ee that certsin pmmissory note~ of which the following is a substantial copy, to wi~; = 10,400.00 Ft. Pierce , Florids. July 29, ~ 19 68 FOR VALUS RBCBIVRD~ the underai~ned pr+omiae(s) to pay to Lhe order of - . W. J. DriVer , as Administrator of Veterana' Affaira~ an Ofi'icer ot I,he United States oi Americ~?, and his sucressc?rs in such office~ xs such, an~l ]?is or their assigns~ the princi al sum of ao8 00 , T~I~I THOU{SANL~ FOU~ HUNDRED AND NO/100 - - - - - - - Dollers (t10 , . ) an interest rom ete at ~ e rate of ~i7~ ~ t~lree qtlarteZper centumQ-3/4 per annum on the u~np aid balance until paid. The asid pruicip and ~ntPmst. shall be psyeble at the oflic~ of the I.oen Guaranty Officer~ Veterana Administcation Regional Ofi'ice, in ~t. Pet~ burg , Fla. 33731 , or st such other lace ax the holder mav es ate in writing dehvered or ma~~~ to t,he debtor in monthlv installments of , , ? sIJ~Y-~ a~II 46~1~- - - - - - - - - - - - - - ~ou~ ~a "67.~?6 commencing on the 4th day of August , 196 , and continning on the ~ 29th day of each month t~hereafter until this note is lulty paid, except that, if not sooner paid, the ui payment of 19n9c~al and interest ahall be due and payable on the 29th day of Y , Privilcge is reserved to prepay at any time, without premium or fee~ the entire indebtedness or any psrt - thereoi not leas than the amount of one inataliment, or one hundred dollars (5100.00), whicheve~ is less. Any prepsyment made on other than an installment due date will not, be crndited until thc next follow~n~ installment dae date. . If any deficiency in the payment of any instel)ment under this note is noL made good prior to the due date of the next such inataliment, the entire principal sum and ac~rued interest shall st once become due and pay- s61e without notice at the option oi the hotder of this note. Failure to exercise this option shall not canstitute a waSver of the right to exemise the same in the event of any subsequent default. In the event of detault in the payment of this note, and if the same is oollecte~ by an attomey at law, the underaigned here:by agree(s) to pay all costs of collection, including a reasonable attomey's fee. This note is given for purchase money of real estatc and is secured by mortgsge to secvre debt of even date herewith~ given and delivered by the undersigned to payee on certain real property descnbed therein. Presentment, protest, nnd notice are herwby waived. /s/ William Oliver Wright, Jr.____ ~SEAL~ - /s/ __Patricia_ Wri~ht ~BE~L~ IBEAL~ IBEALJ And ahall duly, promptly, and fuUy perform, discharge, eacecute, eftect, complete, and comply ~vith and abide by each and every the stipulations, agreements, conditions, and covenants of said~pmmissory note and of this mortgage, then t~his mortgage and the eststs hereby created shall cease and be aull and void. The Mortgagor further covenants sa followa: 1. That he will pay the indebtedness, aa hereinbefore provided. Privilege ia reserved to prepay at any time, ~vithout premium or fee~ the entire indebte~lnesa ocany part thereof not Iess th"an the amount of one installment, or one hundred dollars (s100.00), whichever ia less. Any pr~epeyment made on other than un inatallment due date will not be credited until the next following installment due date. 2. In order more fully to protect the security of thia mortgage~ the Mortgagor, together with, and in addi- tion to, the monthly payments under the terma of the note secured hereby, on the installment due date day of ; each month until the said note is fully paid, will pay to the Mottgagee es trusteE (under the terma of this truat as hereinafter stated) the following sums: E (a) A sum equal to the ground rents, if any, next due~ plus the premiums that will next become due and ' payehle on policies of fire and ~ther hazsrd insurance coveru~g the mortgag~ed property, plus taxes ' snd assesaments next due on the mortgaged pmperty (811 aa estimated by tha Mortgagee and of ~ which the Mortgagor is notified) less all sums already paid therefor divided b~? t6e number of montha to elapse before one month prior to the date vrhen such~ground rents~ prem?ums, taxes~ and assess- menta will becoine delinquent, such sums to be held by Martgagee in trust to pay said ground rents, premiums, tsaes, and apecial a~ses.gnnente. The ate of the amounts payable pursuent to subparsgraph (e) and those paysble on the note . secured ereby, ahall be paid in s single payment each month~ to be applied to the following itema m the order atsted: , (I) graund rents, taxes~ aesesaments, fire, and other hazard insurance premiums; (II) interest on the note secured hereby; and ~ (III) amortization of ~he principal of said note. -3/4$ ~J~` Aay deficiency in the amount of such aggregate monthlv payment shall, unless e good by the Mortgagor prior to the due dat~e of the ne~t auch payment, constitute an event of def t under this mortgnge. At Monrtgag n's oPtion, Mortgagfr vrill pay a"late charge" not exceeding~R r cenLum $~a) of any install- fi pa d more than $ teen (15) daya atter the due date thereo# to cover the extrs eacpeaee involved in handling delinquent payments, but such "lste charge" shall not be payable out of the proceeds of any sale made to astisfy the indebtedness secured here6y, unlesa such pmeceds are sufficien~ to disc the entire indebtedn?eae and aU pmper coate and eapenses aecured hereby. 0 R ~ p~ ~j 3. If the total of the pa_yment$ made by the Mortgagor under (a) ot paragraph 2 preced~~ e~~eed~~~" amount of payments actually made by the Mortgagee, as truatee for ground renta, taxes and a~.~easments~ and . insurance premiums, as the case mey be, such excesa shall be credited on subsequent paymenta to be made by the Mort,~agor for such items or, at Mortgagee's option, as trustee ahalt be refunded to Moft~agor. If however, such monthl~r~ paqments shall not be sufficient :o pay such items when the same shall become due ~ and payable, then the :1~lortgagor ahall pay to the Mortgagee as trustee any amount necessarp to make up :s i ; , , . ~ - ~ ::s~ ~.~~~~c . t _ -