HomeMy WebLinkAbout2117 To Hevs ~rto ~ro Hot.n the eaaae. to~et v~n h~l sad lur the teaements~ heteditarae~~ ~nd apput~
cenanoes ~hereunto belonging or ia.anyww~pp~~tsinii?~~~~e reversion and reversions, rem~inder or re-
maindere~ and nleo aU the estst,e~ ~ght, t3tle. mtee~es6, homeat,ead~ dower ~nd right oi dowec, sepsn?te eatate~
poeseesion~ clum und dem~nd ~rh~teoaver, a~ weU in l~w ~s in equi6y, o! Lhe auid Mortg~gor in and to tbe ssme
and every p~rt ~bereof~ witi? the appurtenonces oi the soid Mortgagor in and to the same~ ~nd every part uu~
paroel thereof unto tbe said Mortgagee in iee simple.
Tha Mortgsgor bereby oovenants with the Mortg~gee~ t~hst he is indafeasibly eeizsd ot said land in fes
simple or such oU?er estNst ~f wy as ia atated herein; thst he hse f uU power and lawiul right to oonvoy ~the same
as ~foresaid; that t-he l~nd ~s lree ~rom ~11 encumbranoos exoep~ ~s herein otherw~se recited; tb~t said Mortg~gor
will msice euch further ~?esw~aces b pmve the doresaid tatle to said laad ia asid Mort{~agee ~s rasy be re~son-
~blyreq uired, and tha~ s~id Mortg4gor does hee+eby fuUy warr~a~ the tatle to auid lsnd, and every p~rt thereoi,
and w?iU defend the s~me against tho 1~~?ful clsims oi sU pereons whomeoever.
Paomaaa At~v~YS th~~ if tLe Mortgsgor ah~ll psy unto the Mortgagee that ceftain pmmiseory note~ of
which tLe following is ~ subatantad coPY,
=17 , 500. 00 Fort Pierce , gla~. ,
September 24 .1968 •
FOa VALUS RECEIYEDt the undersi~ed promise(e) to pay t~o ~the ordes oi
ae Adminiatcstor of Veterans' Attairs~ aa Officer oi the
U m , rB in suc o ~ ~a a d hie or their aesigna, e d of
g ~~A~tD ~i8~~ an`~ no~'0~"- -~tu~ Dongm c~~;`~~R a'~he
wit6 u?tereat from date at ihe rste pei' ( % P~
u~n~paid balance until paid. The eaid princi
pal und int~re8t all bepe~y
able sL of!'i~p of the Loan Quaranty
O@'icer, Veteraas Adminietration Regional O~ce, in St. ~ete~8burg ~~o].'id8 , or at auch
0 o deeigaate in writing delivered or muiled to the c~ebtor ia monWd inatollmenta oi
and 76/100- - - - - - - - - - - ~ollars ~12.76
ooaun n on the first day of November , 19 68 , and ooatinuing on the
~r~t day of each month tiieresfter until tbis note is fully puid, excep ti that, it not eooner
psid, the final payment oi princi al and interest shall be due and p~yable on the tirst ~ay oi
October , ~9 9~.
privilege is reaerved Lo prepsy at any tima~ without premiwn or tee, the eatire indebtedneas or any part
thereof not lees than tLe unount of one installment or one hundred dollsrs (i100.00)~ whichever ia leas. dny
prepsyment made on other thsn an installment due ~sts will not be credited unt.il the next foHowing inatsllment
due date.
It any deficiency ia the psyment oi any installment under tLis note is not made good prior to the due date
of the nezt such instsllmeat, the entire prin~ipal sum and ac~.~rued intereet ehall st once beoome due and Fay-
~s
sble ~vitbout notice ~t tbe option of the holder of tLis note. Failure to e~cerciee tbis o tion e6all not ~nstatuts
• wraive~ of the right to e~cercise the same in tha eventi oi sny subeequent default. In event of default in tLe
paymeat of tLis note, and if the ssane is oolleated by an attorney st lsw, the undereigned Lereby agz~ee(s) to
psy all caats of oollec~ion, including a reseonsble attornay's tee.
Thia note is given for purchaee money of real estate and is eecured by mortgag~e to eecure debti of aven
date herewith, given and delivered by the undersigned to payee on certain real property deecribed Lherein.
Preeentment, protest, snd notice are herp,by wsived.
/s/ ROBERT LEE COLEMAri . _ _ ~B~~L~
State Documentary Stamps in the ---~e~t-~~--Cole~cc---~~°'
amount of $26.25 attached to /s/ BARBARA B. COLEMAN (sE,+~,]
~arTiara"~: ~-~oleuiari'
original note and canceled.
' lBEALJ
~ IBEALJ
And ahall duly, promptly, and fuUy perform, dischsrge, eaecute, eHect, complete,, snd comply with and
~ abide by each and everp ~the stapulations, agreements, conditions~ and covenaata of said~ pmmiseory note sud
~ of this mortgsge, then thia mortgsge and the eatsts hereby created shall ceaee aud be null and void.
~ The Mortgagor fnrt6er oovenants aa follows:
~ 1. Thst he will psy the indebtednees, as hereinbefore provided. Privilege ia reserved to prepsy st an~r time,
~vithout premium or fee, tLe entire indebtednees or any part theteof not leee then the amount of oae uiatallment,
or one hundred dollsrs (t100.00), whichever ia less. Any p~repsyment made on other thaa an installmeat
dus date will not be credited uatil the nezt following installmeat due dste.
2. In order more fully to protect the security of thia mor~gaYe the Mortgagor, together with, and in addi-
tion to, the monthly paymente under the terms of the note secure~ hereby, on the mat,sllment due date dsy of
each month until the esid note ia fully paid, will pay to the Mortgagee aa 4vatee (under the terms of this
truet as hereinafter atsted) the following sums:
(s) A aum equal to the ground renta, if anp, next~ due~ plus the preaniums t1~at wilt neat become due and
payable oa policaes oi fire and other hazard inauraace oovering the mortgaged pm~perty, plus taxes
and aeeeesments next due on tLe mortgsged pmp~erty (all as eet~imsted-b the MortEtagee and oi
w?hich Lhe Mortgagor is notified) less all sums already psid therefor dividecl ~7 the number of months
to elspee before one month prior to the date'vhen such~ground reats, premiums, tazee, and aesees-
ments will became delinquent, sucli sums to be held by Mortgagee ia trust to psy esid ground rents,
premiums, taaes, and special a~eessmenta.
~ (b) Theaggregate of the smounta payable pursusnt to subparagrsph (a) and those psyable on the note
~ secured hereby, shall be paid in a eu~gle gsyment each month, to be applied to the foUowing items
in the order stated:
(I) ge+ound rente, taies, ~eeesennents, fire, and other hasard inaursnce premiums; .
(II) interest on tLe note secured hereby; and
(III) un~ort~zation of the priacipal of eaid note.
Any deficiency in the umount of such aggrEgste montLly puyment shall unlees made good by the Mortgsgor
~ rior to the due dst~ of the nert suoh pary.ment constituts an event o~` default under tWa mortg~e At
o~ 's o~tion, Mo will pay a`Lte c~srge" aot ezceeding four per centum (4%) of any mstaU-
mentr ~v~en paid mors thsa~fteen (15) d~ys after the due di?te thereof to oover the extra expense involved
in Landling~~~~ uentpaymenta, but sucL "4te c " shall not bepaysble out of the proceeds oi any sale
made to eatiefy t6e iadebtednees secured hereby,~ess such proceeds are suffi~ient to discharge the eatire
indebtednees and aU proper oats and espenees secured Lezeby.
3. If the tot~l of the ps~pmenta msde by the Mortgagor under (s) of psragraph 2 preceding ahall exceed the
amount ot psyments e~ctuaIly msde by the Mortgagee, as tauetee for ground rents, taxee and aeeeesments, and
inaurance premiums, ae the caee msy be, euch eacees shsll be credited on subeequent psymenta to be ~sde
by the Mo~~~o r for such itema or at :4lortgagee's option, se tr~stes ahsll be refuaded to Mort~sgor. If,
however, eucb monthly psyments efiall not be eufficient to psy suc6 itema when~the atune ahall bei~,~e due
snd psyable, t6en the Mortgagor ahall pay to a e~ Mortgagee as t,ruatee any amount neceessry to mske up
_ BUCK F11L~~,~