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To H~~s ~xa ro Hot.n the ssaae, t~o~theM~th~d aingul~'~•e tenemente. hereditaraents and ~ppw~-
tenanaes thereunb ~c+loagirtg or in anywise sPpertaining, ~nd the reveraion i?nd reveraiona~ remainae~ or re-
mainders, and ~lso all the eatato~ cight~ t~tle~ mterest, homeaWad~ dower nnd righ~l, ot dower, sepsrate eatate,
porsos4ion, clsim ~nd demand wh~t,soever~ ~s well in luw as in equity, oi tho a~?id Mortgsgor in u~d to the asma
and every p~?rt thereof, with t~e appu~tenances oi ths eaid Mortg~goe in sad to the s~me~ und overy part ~nd
parcel therroi unto the said Morfg~gee ~n tee simple. ~
Tl~e Mortgagor hereby ooveaants vriLh the MortRsg~ee, ~hst he is indefesaiblp aeiiod of ssid lsnd in fee
simple or auch other esta?te, ii sny as is stuted herein; Ui~t he hus tuU povrer and law[`~l tigh~ to convoy ~the same
•s aforesaid; tb~t the laad is le+ea ~rom ~11 eneu~nbranoos except ~s herein otherwise recitsd; tb~~ said Mortg~gor
~vill maka auch turther sesumnces to pmve the aforosaid title to aaid land in anid Mort{~a~ue as may be re~son-
sbl req uired, ~nd that s~id Mortgagor does bereby tully wusaat the tide to ssid lund, ~utd every par~ Lhereoi,
an~will detend tha saaie ag~inst the l~wful clsims oi aU persons whomsoevcr.
PROYIDED ALwsirs that it the Mortgag~or ah~ll p~y unto tbe Mortg~ee that oertain promissory note, of
which the rolbwing is . sub4tu?tial copy, b wit,:
= 10, 500. 00 Fort Pierce Plocida .
October 23 , ~9 68 ~
FOR VALUE RECEIVED, the undersi~ned pmmise~s) to pay to tbe otder of the Adaiiaistcator of
Veterans' Affairs, an Officer of tde United States of America and 6is successors in snch of~ce, as
sudi, and his a their assi~s, the principal snm of T8[~ THOUSAND FIVE ~~1NDRSD 8nd
no/100' ' ' ' ' ' ' - ' ' ' ' ' ' ' Dollars( ~500.00
wich in~er~c iram dsce st ~?e rsce ot six & three-faurth~,er,~atum o) per snnum oa the
un aid balance uat~ paid. The said principal and intP t ah~ll be ga~? ble at t~,~ocr.e~o~Athe I.oan (iuuanty
~cer, Veteraas Adminiatntion Region~l Office, in S~t. rete ~iurg, r , or at such
other lace ss the holder ma d ~te in wtici~delivered or msiled to the debtor in mont ments oi
~-1W0 8tad~ 5~~
1_'_Q0- - - - - - - • - -~ollara )
comm n t6e i~ ,~L3=a day- af - NOVemb4X , 19 6~ ,~nd oontinuing on the
d~y oi e~ch month thereatter until this note ia fully paid, exeept tbe?t, if not sooner
P~id, tbe fin~l paymeut of P 993 and int,erest eh~U be due aQd payable on tbe : 23rd day d
October. . , . . ,
Privilege ia reeerved to prep~y at sny time, withou~~ premium or fee, the eat,ife indebtednees or any put
thereof not leee than tLe smount of one inst,~ilment~ or one hundred dollazs (i100.00), whichever is less. Aay
prepuyment made on other thsn an inatsllment due date will not be credited until the neut following instaltment
dua date.
If any deficiency in the paym
ent oi any inatailment under this note ia not mada good prior to the due dats
oi t~he ne~ct such inatalUnent, the entire pr~ncapal sum and sc~;rued interest shall st onae become due and ~?ay-
able ~vithout notice at the option of the holder oi thia note. Failure to euercise tbia option a6aU not oonatatute
a wsiver of the right to e~cercise the ssme in the event of sny aubsequent default. In the event ot default in the
psyment oi this note, aad if the asme ia collected by an attoraey at lsvr, the undeiaig~ed hereby agree(s) to
psy all oosts of oollection, iacluding a reasonable attorney'a fee.
T~is note ia given for p~. money ot real eatate and is eecnred by mortgage to secure debt of aven
dste here~vith, gioen and delivered by the underaigned to payee on certaia real pmperty deecribed therein.
Preeentment, proteet, end not~iee are hernby ivaived.
' _ /s/ RAYI~O~iD ECKHART ~BEAL~
State Documentary St~p s in the ~ym~~--EckFiait"-"""""'"""-"'-----"~'
amount of $15.75 attached to
original note and canceled. '~~tt~oqce~E~Ck~hart~T----"'-"--- [se~~.]
IBEAL~ .
'I
~i ~8~~
And ahall duly, pmmptly, end fully perform, diacharg~e, e~cecute, ettect, complete,. and comply with and
i abide b each und every ~the sti ulations, sgreementa, conditions and covenante of sud~ promiesory note and
of this mortgage, then this mortgage aad the eatats hereby created shall ceaee aad be null and void.
The Mortgsgor further covenanta as followa:
1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reaerved to prepay st anp tame,
~vithout premium or fee, the entire indebtednees or any part thereof not less than the amount of one installmeat,
or one hundred dollars (i100.00), rvhichever is lees. Any pr~epayment made on other tbaa aa inat~allm~t
due dste will not be credited until the nezt tollowing installmeat due date.
2. In order more fully to protec6 the eecurity of thi$ mortgsge the Mort~a~or, together with, and in addi-
tion to~ the monthly paymenta uader the terms oi the note secure~ hereby, on ~e installment due. date dsy of
each mont~h until the as~d note ~~fully paid; will ps~r to the Mortgagee aa tnutee (under the ternoe of this
truer as hereinaiter atated~ the foilovving sums: : : ~ :
~ (a) A sum equal to the ground rents, if aap, next due, plua the premiuma thst will nezt become due and
psyable on policiea of fire and other hazard insurance ooveruig the mor pm~perty~ plua taaes
ru g
and aseeesmenta next due on the mortgaged prope~rty (all as eatimeted y the Mortgagee snd of
, ~vhich the Mortgag~or is notified) less all sums already psid therefor divided bp the number of months
to elspee before one month prior to the date when such~ground renta, prean~nms, ts~ce's,. aad sssess-
ments will be~wtne delinquent, such sums to be held by Morlgag~ee in trust to psy s~id ground renta,
premiuma, taxee, and apeciql ~menta.
(6) The aggregate of the amounts psyable pursuant to subparagraph (a) and thoee payable on the note ;
secured hereby, a6all be psid in a single payment each month, to be applied to the following itews t
ia the order atateds ~ -
(I) Sround rents, ta:ea, sseessments, Sre, and ot6e~ h~sard insuraace premiums;
(II) int~ereat on tLe nota secured bereb~; and ~ ~
(III) amortiaation of the principal oi said note.
Any deficiency in the amount of such aggregatem~nthly payment.shaU unlesa made goQd by the Mortgagor
prar to the due datb of the- be~L sach ps~nent • conatitute an event o~ default nnder this mortgage. At
M~'s option, Martgag~or vrill p~y a`late c~arge" not exeeeding tour per centum (4~Jo) of any install-
ment ~v en paid more thsn fifteen (15) ds}ra ~tter the dus dste thereof to cover the extn eapense mvoived
in hsndling del'~nquent psyments, but sucb "late chtrga" she~ll no~ be~ psyable out of the proceeds of any sale
made to satisfy the indebtedness eecured her8by, unlese such proeeeds are su~cient to dischuge the entire
iadebtedne~s snd itll pmper c~osta and e~pe~ secw~ed Leteby. f
3. If the total of the payments m$de by the Mortgagor under (s) of p~agraph 2 preceding ahall exceed the ?
iunount oi pi?yraents actually made by the Mortgagee; aa truatiee for ground renta, taxea snd s.~sessments, and ;
inaurance premiums, se the csse maq be, such eo~oeae ahall be credited on aubeequent paymenta to be made ~
by the MortgagOr tor such itema or, at 14~ortgsgee's option, as truetee ahall be refunded to Mort~agor. IE, ~
however, such monthl,~ psymenta shall not be sufficient :~o psy such items when the eame shall beoome due
and payable~ then the Mortgagor ahall pay to the Mortgagee aa trustee any smount necessscy {~o• up-:
R ~ .`.~`g . .
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