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Home My WebLink About0189 . ~ To H~va Axo ro Hot.n the s~?me, toqe+ther wit,h all and; a~,f,1~e teneme~iat~;,liereditaments and sppuet tena~cea thereunta bclonging or in.~nyw~ae eppectaining~ iin~e revec~ion and reversions~ rem~inder or re- maindera, u?d alao all the eatato, nght. l~tle, tntereet, hamestc+ad, dower and ri~h L of doNer, sepi?rate estate, posecseion, claim and demand whetao~ver~ aa weU in lavr as in equit,y, of tho si?id I~iortgagor in and to tlie same and every pnrt thcreot, with the sgpu~tenunc~e of the aaid Mortgagor in and to the asme, and ove,~y psrt an~ pucel lherrof unto t~he said Mortgsg~es in fee simple. The Mortgagor hereby oovenants with the Mort~a~ee~ t,hat he ia inde[easibly sciaed ot said land in fee simple or such other estate. ~f i?ny as is statexi heroin; th-at-he hxs tull power and lawiul right to convey ~the same as uforesaid; thst t~?e land ia iree ~rom ull encumbrances except sa herein otherwise recited; thst said Mortgagor will mske such turther assurances to pmve the doresaid title to said l~nd in suid Mortge~gce as may be reason- sblyreq uired, snd tD~t ssid Mortgsgor does hereby fully wanaat the title to said land, and every part thereot, and wrill defend the same against the lawf ul claims of sll peisona whomsoever. PROVin$u AL~v~Ya t6st ii the Mortgagor shull pay unto the Mortg~ee that certsin promis~ory note. of which tbe following is s aubstantiel copy; to wit: i8, 600.00 Eort ~$i,~~a~orids. _ August 7 , Fos VeLVx Rscstv~a, the underai~ned promiee(s) to psy to the order of W. J. Driver ~ as Admin~stretor of Veterans' Affairs, sa Officer of the United States of America, and his succeasnra in such officc+~ ~s such~ an~l hia or their asaigns~ the principal sum of Eight Thousand Si.x Hundred Dolla (t8, 600.00 with interest from dste st ~he rate ot 6-3/4 per centum (6-3~~'0) per annum on the u~np sid balance until psid. The said principal end interest shwll be psysble et the office of the Loan Guaranty O~cer, Veterans Administration Regional O~ice, in St . Petersburg, Florida , or ai. such other place as the holder raay deaignate in wriLing delivere~ or mailed to the debtor in monthly inat~?Umenta of ~ollars (i 62. Sixt~-Zt~vo ~ no/100 1968 00 commencing on t e day of September , , and continuing on the 7th day of each month thereafter until thia note is fully paid, except thRt, if not sooner psid, the final payment of principsl and interest ahall be due and psysble on the 7th dsy of August~ , 19 98. Privilc~ is resetved to prepay at any time, without premium or fee, the entire indebtedne,ss or any part tLereof not lees than the amount of one installment~ or one hundred dollars (t100.00), whichever is less. Any prepsyment mede on other thi?n an installment due date will not be credited until the next~ follow-ing inatallment due dste. It any deficiency in the psym ent of any installment under this note is not made good prior to the due date of the next such installment, the ent,ire ptincapal aum and acx;rued intereat ahall at once become due and psy- able ~vithout notice at the option of the holder of t~his note. Failure to exercise thia option ahsll not constitute ~ waiver of the right to exercise the same in the event of any subsequent default. In the event of detault in the payment of tbis note, and if the same is collected by an sttorney at law, tLe undersigned hereby agree(s) to psy all coats of collection, including s reasonsble attorney's fee. - ~ This note ia given for purchase money of real estate and is aecured by mortgage to secure debt ot even d~te herewith, given and delivered by the undersigned to payee on certain real property described therein. Ptesentment. protest~, and notice are herPby waived. f L~ ~ "~I - ord : I~ee~ _ a~!!~sf_f/__--~-- - ISEALJ ha K. Reeder, his wife j ! (SEALJ i 4 ISEALJ t And ahsll duly, promptly, and fully perform, discharge, eaecute, effect, oomplete, and comply with and abide b~ each u?d every the at~pulations, agreements, conditiona, and covenant8 of said~ promiseory note and ot this mortgage, then this mortgage and the estate hereby cxested ahall cease and be null and void. The Mortgagor further covenanta as follov~a: 2. Thst he will psy the indebtedne~, aa hereinbefore provided. Privilege ia reserved to prepsy st any time, without premium or fee, the entire indebtednees or any part ther+eof not less thsn the amount of one inatallment, or one hundred dollars (i100.00), whichever ia less. Any p~repsyment msde on other thew an installment due d~te will not be credited unt~il the next following inatallment dus dste. 2. In order more fully to protect the security of thia mortgage, the 11~iortRa~or~ together with, and in addi- ~ tion to, the monthly psymenta under the terms of the note eecured hereby, on tl~e installment due date day of ' each month until the eaid note is fully paid, will pay ta the biortgagee as trustce (under the terms of t6ia ~ trust as hereiaafter steted) the following aums: (s) A sum equal to the ground renta, if any, next due~ plus the premiums that wnll neut become due and payable on policiea ot fira and ather haaard insurance ooveru?g the mortgaged pro~perty~ plua tsaea aad aaeeaements aext due on tha mortgaged pmperty (sll as eatimsted by the Mortgagee and oi w~hich the Mortgagor ia notified) lees all sums already pud therefor divided bp the number of montha to elapee before one montb prior to the date vrhen auch~ground renta, premiums~ tsxes, and s~- menta will become delinquent, such sums to be held by Mortgagee in truat to psy said ground renta, premiums~ taxes, and apeci~l assesements. (b) The aggreg~te oI the smounts p~yable pursumt to subparagnph (a) snd thoee psyable on the note secund hereby, ahaU be paid in ~ aing~e psyment each mont6, to be spplied tio t}~e tollowing items ~ in tLe order stated: # ~ (I) ground reats, tues, aseeas~nents, fire, and other hssard inaursnce premiuma; 5 (II) intereat an the note secured hereby; aad 1 ~ (III) amortiaati~ oi tLe principd of said note. . An~ d~Gciency ia tbe amount of auch aggregat.e moathlr ~yment shatl unleea made g~ood by the Mortgagor pn~or to ~he due d~t~ oI the ne~~ suc6 paymeat CO[18tItUf~ ~I1 BVBDL O~ default under this mortgage. At ~ M~r~agee'a optiou~ Mortgagor w ill p~y a"lata c~uge" not exoeeding ot any iaataU- 6- 3/496 ~ mwt when pud more t5an 6(teen (15) days dt~er~the due date thereot to cover tt~e extn expense involved ia handling d'elinquentp~ ymenta~ but auch "late~~ e" shall not bep~ yable ou~ of the praxeds of any sale~ ~ made to satisty the inckbtedness eecured hereby~ uaTe~ such prooeeds are suH'icient to discharge the entire ~ indsbtedners aad aU proper uosta and azpeme~s aecured heceb~. ~ 3. Ii the Wtal ot f,he pa~ ymeata made by the Mory~aRor under (a) ot psra~rsph 2 pt~eceJing ehall exc,eed the amount ot paymenta sctually made by the `~ort{~aRee, ua truatet [or ground renta, taxes and see~~asments, and O insursnce prem~ums. as th~ case msy be, such eaceee ahall be cndited on subaequent paymenta to be me?de by the ~tortga~or tor auch iteme or, at ~tortgeytee's option, as trustee ahall bc retunded tv iQart~or. 'If, howe~et, such monihl~r ps~ ments ahall no ~e u cient :.o pe • auch iteme rrhen the same sha~l beoome due ~ and payabl~, then the~~lort~a~or ahall pa~-~I,~~~r~en~tee any amount necessarp to mske up WAf ~ ~ _ . . _ ~ . _