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To H~vs ~rrn ro Ho~ the ssme~ to~the alt,an~?e tha te~neraents~ heredit+?ments and ~ppue~
te~~nc~es thereunto belonging or in ~nyw~a~~p~ining,~ ~ reveraion and reve~sions, remainder or re-
ru
mainders, and. ~?leo aU the estute~ right, t,itle. mtereet~ homeatead~ dower ~nd ri t oi dowe~, aepa~ute estste~
poaeession, clum r?nd demund wh~teoever, ae wull in law as in equity, ot W?a suid ortgugor in u?d to the s~me
aad every pi?rt thereoi~ with the sppurte+neu~ces oi the s~?id Mortgagor in and to the asme, ~ad every part sn~
p~?rcel thereoi unto the said Mortg~gee in fee simple.
Tbe Mortgsgor hereby oovenants with the Mor~.gag~, ~hs~ he is indeteasibly seised of said lwd in iee
simple or such other estste~ ii any sa is atated herein; :~hat he hus fuU power and lswful right to convoy ~the sune
ss atoresaid; thst the lwd m fsee ~roca aU encumbnacoe excep~ ~a hereia otherwise recited; tbat said Mortgsgor.
~rill mahe such furtLer aesuru?ces to prove the doreseid tatle to said land in s~?id Mort{~Rg~ee as msy be reaeon-
ab~j req uired~ and that eaid Mortgsgor does bereby iuUy ~rarr~it tLe title to said lund, and every put thereof,
and ~viU defend the a~une against the lawiul cluma oi all persona w~iomeoever.
PROYIDSD ALWAYB f~lat if the Mortg~g~or s6a11 pay unto the Mortgagee thst certain promiaeory note, ot
which the foUowing is a aubstu?tial copy, tio wit:
= 10,000.00 Fort Pierce ,Fiorida.
October 2, 1968
FoR VeLVS Rscatvxa~ the underai~ned promise(s) to pay to the order of
W. J. DRIVFR , sa Adminiatrator of Vetersns' !?ffsirs, ui Officer of the
United Ststes oi Americ~, and hia auoceeeors in such office, as such~ and his or their aesigas, the principal sum of
TSN THOUSAND AND NO/100 - - - - - - - - - - - ~ ' ~o~a~t [0,800.00
rvith interee~ imm dste at the nte ot'Six & Three-Quarter per oenLum / q7o) per annum on the
u~np aid balance until paid. The said principsl and interest shall be pupable a~ the office of the Loan (iusranty
O~cer, Veterans Adminiatr~tion Regionsl O@'ice, in St. Petersburq , FlOrida , or st auch
other place as tbe holder ma d~n ste in writing delivered or msiled to t~he debtor in monthly insta?llmenta of _
SIXTY-FOUR AND 9~~~00 - - - - - - - - - - - - - ~ollara 64.~0
oommencing on the day of November , 19 ~~ad oontuiuu~g on the
day oi each month thereafter nntil thia note is fully paid~ except thst, if not sooner
paid, the finsl payraent of principal snd interest ehall be due and psyable on the 2nd day of
October ,~9 98
Privilege ia reeerved to prepay st any time, without premium or fee, the entire indebtedness or any part
thereof not lees than the amount of one inatallment, or one huadred dolla~ (i100.00), whichever ia lesa. Any
prepsyment made on other thsn an instsllment due ciata will not be credited until the neut following inatsllment
due date.
If any deficiency in the pa~?ment of any installment under thia note is not made good prior to the due dste ~
oi tLe nezt euc6 installment, the entire principsl sum and sa:rued interest shall at onoe beoome due and ~sy-
able ~vithout notice at tLe option of the holder of this note. Failure to euerciee t~iia option ahall not aonautute
a waiver of the right to esercise the same in t~e event of any subeequenE default. Ia the event of default in the
payment of tLie note, snd if tbe same is ooUected by an attorney st lsw, the undeisigned her8by agree(s) to
pay all casts of oollection, including a ressonable attorney's iee.
This note is given for purchsae money of real eatate and is eecured by mortgage b secure debt of even
date herewith, given snd delivered by the undersigned to payee on certain real pmperty deecribed therein.
Presentment, protest~~ and notice e~r~e herr.by wsived.
' IBEAL~
IBEAL~
IBEAL~
j IBEAL~
~ And ahall duly~ promptly, and fuAy perform, discharge, execute, eftect, oomplete, and comply with and ~
~ ~bide by eacb and ever~ ~the atapulationa, agreements, oonditions, and covenaate oi as~d~ pmmieeory nots aad
~ of this mortgage, then this mortgage and the eatate hereby created shall ceaee end be null and void. {
~ 1'he Mortgag~or further covenants aa followa: !
1. That he will psy the indebtedness, sa hereinbefore provided. Privilege is reserved to prepsy at an time, ~
~ without premium or fee, the entire indebtednees or sny part thareof not lesa than the amount of one ms~ment,
or one hundred dollara (i100.00), whichever ia less. Any pr~epsyment msde on other thsn an installment
due date will not be credited until t~e ne=t follo~ving ina+.,allment due date.
2. In order more fully to pmtect the security of thia mortgage, the Mort~a~or,. together with, and in addi-
tion to, the monthly payments undec the terma of the note secured hereby, on tbe inatallment due date day of
each month until the asid note ia fully paid, will pay to the Mortg:?gee as trustee (under the tRrma of thia
trust as hereinafter ststed) the following sume:
(s) A aum equal to the ground rents, if anp, neat due~ plus the premiuma that will next beoome due and ;
payable on policies oi Sre and other haasrd insurance oovering the mortgaged property, plua tsaes F
and aseee~ments nest due on the mortgaged pmp~erty (all as eatimated b~r the Mortgagee and of '
which the Mortgagor ia notified) le~ all sums already pa~d therefor divided b~+ the number of months ~
to el~?pee beiore one month prior to the date ~rhen auchground rents, premruma, taxes, and seee~- s
ments wiU bee~me delinquent~ auch auma to be held by Mortgsgee ~a truet to p~y said ground rents, ~
premiuma, t~es, u?d special aereesments.
~ (b) Thea~eg~ te oi the amounta paysble pursu~at to subparagraph (s) and thae poyable on tbe note
~ aecured hereby, shall be paid in a s~ngle p~ymeat each moat6, to be applied to the following iteaos
~ in the order stated:
~ (I) Bround renta, taxes, aseessrnente, fire, aad other har~rd insurance preoniums;
(II) inter~~ on the note secured hereby; md y1! ~ ~
(III) amottisation oi the principal oi eaid note. 6-3/4$ ~
Any deficiency ia the amount of such aggregste monthlo p~yment ahall uniese made by the Mo ~
prior to t6e due d~ta oi the aest such psyment conatitute an event o~ default un r thia mortguge. At ~
Mortgsgee's option, Mortg~or will p~y s'4te c~aarge" not axceeding fow per ceut ~'o) ot aay matall- ~ ~
meat wbsn pud more t6aa fJteen (15) d~y~ dter tbe due d~Le thereoi b cover t6e ex1,n e~cpeiue w~olved
in handling delinqucntpa
ymente, but suuh "lste char~e" shall not be yable out of t6e proceeds oi any sak ~
made to eatisfy the indeetedneas secured Lereby, udess such pmoee~~t+e su~cient to di~chug~e ~6e ea~ire
iadebt~edne~s aad all pmp~ co~ts aad espenes secured Lereby. .
3. Ii the tatal of the paymente made b~the Mortgagvr under (s) of puagrsph 2 preceding shall exceed tbe ~
amount of p~yments sctuslly made by the , fortg~a, as trwtee tor ground rents, taxes and aese~smenta, and
insuraace premiuma~ as the caae may be~ such ezcees ahall bs credited on wbeequent paymenb to be made
by the tiiort~a~or for such items or, at Mortgagee'~ optioo, aa truscae shal~ ~e,re,tp~ded to ~iort~a~or. It,
howe~er, such monthly payrnenta ahall not be sufticient to auch iteme wbdn tba~wne.shap beoome due
and paysble, then the \iortR~or ahell pap to th~ ~~ort~agee se tnistee any smount neceeeary to make up
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