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TO AAYE AND TO HOLD ~IIE s11i11@~ t~+ther with all Rnd singul,~r tha tenementa, hereditamenta and sppur-
tenances thereunto Mlong;ng or in ~nyv~nse aQper~aining~ und the ri+veraion and reversions~ remsinder or re-
mainders, and ~leo aU the estate~ right~ title, in~~~liy rp
~eat~q~i, ~ti~~r and ri b~h~t ot dower; sepsrnte estate~
poeec~ssion~ claim und dem~nd what,soevec, ae we1J~i* p r~n ~i~~cy, suid Mortgsgor in ~?nd to the s~me
~nd every pA~t t}~ereot~ with the appurtpniu?ces of Lhe~seuti'Mortg~ 1nd to the seme, und overy part un~
panxl thereot unto the said Mortgsgee ~n tee simplo.
The Mortgsgor horeby oovenants with tho MortgsgeP, ~hat he is indeteasibly aeirAd of said land in fee
simple or such other estate~ d any sa ia steted hereu?; thet, he hi?s tull power and law~ul right to convoy ~~fio same
ss siore~id; thAt the l~ad is lree ~:+om sll c+ncumbrences except ~s herein otherwise recit~ed; thst said Mortgagor
~rill make such lurther ueeursncea to prove t~e atoresaid title to said Isnd in auid Morlgegce ss msy be reason-
ablyreq uired, and th~t a~?id Mortgagor does hereby fully warran~ the utle to auid lsnd, snd evcry part thereoi,
and ~rill defend the sune ag~inst the lawful claima of ~il pereone whameoevec.
PsoviasD AL~v~Ya th~~ it the Mortgagor ehsll pay unto the Mortgaqee th~t certain promissory note. ot
which the lollowing ia a substantial copy, to wit:
t 11,000.00 Fort Pierce , Florid•.
October 21 ~ ~9 68 ,
FOR VALUE RECEIVED, the vndersi~ed promise~s) to pay to the order of the Admimistrator of ~
Veterans' Affairs, aa Of~cer of the Uaited States of America, aad his successors in snch of~ce, as
such, and his a their assi~s, the inci 1 snm of ELEVffid THO~JSAND ~nd no/100- -
-------------~-~~`-------Dollars( 11, 00.00
wi~h int,ere8t, irom d.te ati s~e rste ofsix & three fourths I,er cent,um (~~14q4) per anuum on the
u-np aid bslance until paid. 1'he said princi~ pal end int4 t. 1 be a able st the ofli c.~! the Lo~n Gaaranty
O~icer, Veterana Adminislration Regional O@'iae, in ete~~~urg, Flol'1.~g , or at such
other l~ce ss the holder ma stR in writing delivered or msilerl to the debtor in monthl installments of
SEV~iTY-SIX and 0~~10~- - - - - - - - - - - - - - ~ollara (t 7Y6. 01
commencing on tha 218t day ~f November ~ 19 8, aad oontinuing on the
218t day ot e~ch month therasiter until tLis note is tully paid, eucep6 thwt, if nat sooner
paid ~the finsl payment oi principal ~td interes~ sh~ll be dne,wd paysble on the 218t dny of ~
bctober , 1993. . ~
Ptivilege is reeerved to prepsy st any,time~ aithout premium or fee, the entire indebtednesa or any put
thereof not lees than the s~c?ount of one installment~ or one hundred dollars (i100.00), whichever ia less. Any
prepsyment made on other than an inatsllment due dste will not be credited until the next following instsllment
dna date. ~ ~
Ii any de6ciency in the psym
ent oi any inatallment under this aote ia not msda good prior to the due date
oi the neat such instsllment~ the entire pru~cipal aum snd soi;rued int~erest shall at once becwme due and Fsy-
able ~vithout notice at the option of the holder oI this note. Failure to exem.iee t~hia op~ion ahsll not constatute
a waiver of the right to exerciee the saine in the event oi any subeequent default. In fhe event of defaul~ in t~e
payment of this note, and if the same ia collected by au attorney at l~w, the underaigned hemby agree(a) to
pay ~11 ooBta of collection, including a reaeonsble sttorney's fee. ~
This note ia given for purchase money of real eetate snd ia eecured by mortgage to aecure debt of even
date herewith, given snd delivered by the undersigned-to payee on certaia real pmpetty deecribed therein.
Presentment, pmtest~~ snd notice are herr~sby wsived. .
/ s/ RO~LD A. GILLI S
State Documentary Stamp s in the [se~L~
amount of $16.50 attached to ~~Yd"~~i:~"~tllr~~~ -
original and canceled. ' __/_s/_ B~ARB~ARA ANN GILLIS______________ ~BEnL~
. Barbara Ann Gillis
• ISEALJ
~ I88AL~
~ And ah~ll duly~ pwmptly~ and fully performf diecharge~ ezecute, effect, oomplete~, snd oomply with and
~ abide by each and ever~ ~the stipulations, agreements, concLtions, snd covenante of sud~promiseory note and
~ ot thia mort;age, then thia mortgsge aad the eatate herebp created shall cease and be null and void.
The Mortgagor further covenants as follovra: ~ ~
1. Thst he will pey the indebt~ednese~ as hereinbefore gmvided. Privilege is reserved to prepay st an tame,
~vithout preminm or fee, the entire indebtedneas or ~ny par~ thereof not leas tLan the unount of one ina~ment, ~
or one hundred doUars (i100.00), whichever is leee. Any p~rep~yment msde oa other than aa inatsllment
due date will not be ct+~dited until Lhe neut following inatsilment due date. i
~ 2. In order more fully to protect the eecurity of thia mortgage, the Mort~a~or, together wit6, and in addi- ~
tion to, the mont6lp paymenta under the terma of the note aecured hereby, on ~e iastsllment due date day of
.-~aE~~ month until the said note is fully paid, will pay to the Mortgsgee as truatee (under the terms of t6is ~
Lrust ae hereinefter atated) the following suras: :
(a) A sumeq usl to t~?e gnuund rents; it snp~ext due~ plus the premiuuts that will next become due and '
pays~le on policies of fire and t~ther hszud insursnce ooverwg the mor ag~ed pmperty, plua tsaea
and aeeeasmente next due on the mortgaged property (all as estimsted~ the Mortgagee and of
which the Mortgagor is notified) leaa all suma already pud therefor divided the number ot montha
to ela~ee befoe+e on~--month prior to tbe dste when suchgrou ~d renta, precmume, taaes~ and sasess-
menta wTill beoome delinquent, auch sums to be held b~ Mort~agee ia trust to psy said ground rente,
premiums, taues, and apecial aeseeementa.
(b) The aggregste of t6e aiaounts psyable pursuant to subparagr~ph (s) and those psysble on t~he no~e
secuced hereby, sh~ll be paid in a single payment each month, to be spplied to the following itema
in the ordet st~ted: - ~
(I? ~rround rents~ taxes, ~sseas~nents, fire, and ot6ec 6asard insurance premiums;
(II) interest on tLe note eecured henby; and ~
(III) amortasution of the principal oi said note. ~
Any de6cieney in the smounti oi such sggregate montht~ payment sh~ll unlees msde gnocl by the Mortgagor }
Pm~?r to the due datti of the ae~6 such pa~ment constitute an eveat o~ default under this mortg~e. At
M~ 's option, Mo ~vill pay a`late c~rg~e" not eac~e~eding ~our per centum (4~fo) oI any mstall-
tga~gee rt~a~or .v
ment w?6en pa~d more t-$tceen (15) days attcr the due date thereot to oover the extn eupense involved
in handling del~'n ueat payments, but such "late c~?rge" ~haU not be yable out oI the proceeds oi any eale
q ~
made to satisfy the indebtedness secured bet+eby, unles~ eue6 p are su~'icient to disch~cge tha entin
indebtednees and aQ proper uosts and expeuses secured hereD~. ,
3. If t6e total of the psymente made by the Mortgag~or under (a) o! paragnph 2 precedinR ahall eaceed the
unouat ot payments actually m~de by the :liort~ee~ ~s trust~e tor gemmd renta, ts~ces snd asseasments, and
insunnce prem~ums, as th~ caae msy be, wch eacees ~hall be credited on aubsequent paymen~s to be made
by the :4ioetga~or tor such itema or, •t Mort~aRee's optan, r?s trtistee ahail be refunded to ~iort~agor. I[~
v
ho~vever, such monthl~ psy~nenta ehall not be sufficient .,o pay auch itema when tht s~ e~ryll me due
and payable, then the :~1ortRa~tor sl~all pay to the Hort~a~e~? ae trust~e any amou~ft ~e~slry make up
~ ~74 ~a~ 20~