HomeMy WebLinkAbout0216 ~'i ~ { ~ ~ L} ~1~~
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To Hsvs ~rtn to Ho~ the a~me, to~ther with sU and singular tihe teaea?euts, hereditaraenta and ~?ppw+-
teni?noes thereunto belouging oe in_ anyw~se •p perteining, and the reve~sion i?nd reveraiona, nm~inder or ra-
mainder~, and uleo aU the eswte~ nght, title~ intereet, homestead~ dower i?nd ~t oi dower, aepu~?t,e estate~
posseesion, c1~im und dem~nd wh~teoever~ ~s weU in l~w ~s in equi~y~ of tho ssid ortge~gor in und to tha s~?ma
and every pa6 tbereof. with tha sppurt~+n~uces of the ssid Mortgagor m and to tha e~rae, sad avery part aa~
parcel thereoi unto Lhe eaid Mortg~gee in tee simple.
Tha Mortgag~or hereb~ oovenanta with the Mortgsg~ee, that ha is indefeaeibly sei~d ot said lan~ in fee
e y~
simple or such other es~ate; ii aay ~s is atated herein; thst he hss f ull pow~er and lswiul righ~ to convo the asme
as ufonsaid; t~hst tbe land bt lree ~mm all encumbranoos exoept ~s hereia ot6eswise recited; tLst eaid Mortgagor
will m~?ke such furtl?er ae4w~ancee to prove the utores~id tiNe to said l~nd in ai?id Mortgsg~ee as may be resson-
ab req uired, ~ad tL~t s~id Mortg~gor does hereby fuUy ~rarraat the tit~e to suid lund, and eveey psr~ thereoi,
aa~will defead thhe sune ~gsinat the lawful cl~ims oi all pe~sona whomsoever.
Pxoviasn ALweYS th~t if the Mortgagor sh~ll p~y unto the Mortgagee tha~ oertain pmmiaeory nots~ of
wbich the fo w' is s substaatiai oopy~ to wit:
= 10,~00~0 Fort Pierce , Fiorida.
October 18th ,~9 68
FOB VALUR RECBIVED~ ~nd~eiRned promiae(s) to p~y to ~ha order of
• • Dr i~veY' , ae Admimstrator of Veterans' Affsira, ~n O$'icer of the
nited gtates of~n ric.~? d his u rs n such sa such and his or their ~ ~e al of
~en thousand ~our~ua~re~n~n~1o~~~e_~ourths Do~lle~ sl~.j+~~•~~
wit6 interes~ from dste st the rste of per ceatum ( 6-3~~) per annum on tha
unp aid balanoe until paid. T66 ~aid princi
psl and interc+st ahall psy le at e otfico of the Loan C~uaranty
O@'icer, Veteraaa Adminietrstion Regional O~ce, in peneaco~a, ~~or L~e , or st such
lace as the hol y te in writing delivered or mi?iled to the debtor in monLhl insta~llme.nta ot
~ x~~-seven an~ ?~/~~`=----------------------------~ollars (i ~7.46
commencing onl~eh 18th day of November , 1968 , and oontinuing on the
dsy of each month thereaiter nntil this note is fully paid~ ea~cept thst, if not soonar
psid, the finel payment oi principsl and intereet eLaU be due ~nd payable on the 18th d~y ot
October ,19 98
Priv~ege is reserved to prepsy st any time~ without preminm or fee, the entire indebtedness or any part
thereoi noL lees than tLe amount of one instsllment, or one hundred dollara (i100.00), whichever is less. Any
prepsyment made on otber thi?n an inatsilment due dste will not be credited unt~il the neuct following inatallment
due date.
Ii any deficiency in the paym ent of any inatallment uader t,hia note is not mi?de good prior to the due date
of the neut such instsllmeat, thhe entire riucip~l sum and iux.~rued intereat shsll st onoe beoome due i?nd Fsy-
n
able without notice at the option oi the lder of thia aote. Failure to ezercise this optaon shsll not oonstitute
• waive~ of the right to exerciee the seme in the event of any subeequen~ default. In the event oi default in tLe
psymeat of this note, aad if ttie sune ia oollected by an attoraey at l~v~r, the underaigned hernby agree(s) to
pay all cost8 of oollection, including a reaeozu?ble attorney's fee.
1'hia note is given for purchase money of re~l estste snd ia secured by mortgage to secure debt oi even
dste LerewitL, given and delivered by tbe underaigned to psyee on c~rtsin real pmperty deecribed therein.
Preaeatment, pmtest~~ snd notice are hereby ~raived.
S/ Herry T. Certer [aseL]
~~--T_: G"erte"r-----------------
[agwL]
-----S/ Sylvia L. Carter [s~~r.~
; 'Sylv~a L;--Carter--------
,
f IBEAL~
` And ahall duly, promptly, and fully perform, dischsrge, eaecute, effect, oomplete, and comply with aad
sbide by each snd every ~the stipulations, agreements, conditions, end covenants of ssid~ promieeory note and
oi tbis mortga~e, then this mortgag~e and the estste hereby crested shall ceaee and be null and void.
The Mortgagor further oovenants ae followg:
1. That he will psy the indebtednees, aa hereinbefore provided. Privilege is reeerved to prepay st an time,
~vithout premium or fee, the entire indebtednees or any part thereof not less than the amount of oae ins~ment,
or one hundred dollers (i100.00), whichever is leas. Any pr~e~psyment made on ofiLer than an inatallment
due date will not be credited until the nert ~following'installme~t du~ dste.
2. In order more EuD~r ta $mtect t~e aecyrity of this ~rtgage, the Mortqagor, together with, and in sddi-
tion to, the monthly paj?mente under the terma o# f,~ie note eecut~ed hereby, on the mstallment due date day of
each month until the said note is fnlly paid, wilt pay to~ the Mortgagee sa trustee (under the terms of thia
truet ea heteinafter atsted) the follawing aume: .
(a) A sum equal~to the ground renta, if any, neat~ due, plua tLe premiums thst will nezt beoome due and
pAyable on policies of Sre and at6er hazard inauraace oovering the mortgaged pmperty, plua tsxea
~ and aseeesmente nezt due on tLe mortgaged prop~erty (all ~a estimate~ b the Mortgagee and of
~vhich t6e Mortgagor ia notified) less all sums already psid therefor divided the number of montLa
to elspee before one montL prior to LLe date when such~ground rents~ premiums, taxes, and asseee-
ments will beoome delinquent, such sums to be held by Mortgagee in truat to psy said ground rente,
premiums, tazee, and specid aeeeesmente.
(b) Theaggregate of the amounta psysble purauaat to subparagrsph (a) aad t6oee psysble on the note
eecared hereby, shall be paid in a eingle psymeat each month, tio be spplied to the foUowing itema
in the order stated:
(I) gr'ound rents, tsxes, aaeeesments, Sre, snd other hasard inaurance premiuma;
(II) int~erest on the note eecured hereby; sad ~ eAd three-fourths, (6-3~496)
~j (III) ~mor~isation ot ~e~prineipal of said note: ~ .
~c`~ Any deficiency in the smount of such aggregste monthly ps ahaU unlees made good by t4e Mortgsgor
~s,~ pr~ior to the due dst~s of the ne~t such ps~nent constitute sn ev t o~ defsult under thia mortgege. At
Mo~~q~gee's option, Mo~go
r will psy a`late c~srge" not eaceedi of any install-
~ ment ~vfien paid more thsn ~iteen (15) d~?ys after tha due dste thereof to c~over the extn expense ineolved
in hsndling delinquentpa
ymente, but such "late e e" ebail not be yable out of the proceeds of any asle
~ made to s~tisfy the indebtednees secured hereby,~eas such pro~e~sre au8'icienti to disc~arge the entire
indebtednees ~ad all propet coste and eupanses eec~u~ed hereby.
3. If tbe total of We pa~ymente made by t~he Mortgag~or under (s) of paragraph 2 preceding eh~ll eaceed the
amount of paymenta actually msde by the Mortgagee, as truatee for ground rents, taaee s?nd aeeeesmenta, and
°Gv insurence premiums, aa the case msy be, such excees ahsll be credited on subsequent paymenta to be m~de ~
by the Mor:~~agor for auch iteme or st Mortgsgee's option, sa truatee ahall be refunded- to Mortgagor.. If,
however, suc~ monthly psymente s~all not be aufftcient to pay such itema when the same 8ha11 beoome due
and payable, then t6e riortgagur ehall pay to the Mortgsgee sa trustes any amount pzake up
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