HomeMy WebLinkAbout1052 TO AAVE AND TO HOLD f~}1e ailtlE~ t~ aU ~ the tenementa, herediU?ments ~nd sppur-
tsn~ncea thereunt~? ~nlongeng or in sn~s~~i~p~i~ninln~~ reversion snd reversions, rem~imler or re-
unainders~ and ~Iso all tho eatatc~ right~ ~tTe~ 1nTkr~s~, ho estca ~ dower und ri fi~ ot dower, seperste estste,
poeecssion, claim sr?d dem~nd whatsoever~ as ~veU in l~w as in equity~ ot tho said ~octgagorin and to the same
and every pur~ thereof, with the sppurtennnca o~ the a~id Mortgugor in ~?nd to the same, ~nd overy part un~
parcel t,hereot unto the said Mortgagee in fee aimple.
1'he Mortgagon c~reby oovenaata with the Mort~gce, lbst he ia indeieasiblp scisod ot ssid land in fee
simple or such other eatate. d any as ia stated herein; thet he hns tull power and lawtlil right to convop ~1,he same
as uforessid; th~t the land is lree ~rom sll encumbtancos except us herein ot,herwiee recited; thst asid Mortgsgor~
~rill m~ke such further aesursncea to pmve the atoresaid title to s~id laad in said Mortgsgoe e~s msy be reaeon-
ablyreq uired, and fh~t aaid Mortgagor doea hereby iully warrant the title to s~?id lwnd ~ snci every psrt thereoi~
and ~vill defend tbe same agsinsti the lawful claima ot aU pereons wl~omaoever.
Paomnaa ALw?wYS thst it the Mort{~agnr shwil psy unto the Mortg~g~ee th~?t certa?in promisaory note, of
~vhich the tollo~ring ia a substantial coPY~ to wii:
= 10, 000. 00 Fort P ierce , glor;da .
November 6th ,19 68
FOR VALUE RECEIVED, the uadersi~ed pcomise~s) to pay to the order of t6e Administcator of
Veteraas' Affairs, aa Officer of the Uuited States of America, aad 6is successocs in sach office, as
such, and 6is or their assigps, the pciacipa~o 0~ Ten thousand a10 000 00
~ Dollars . •
with intereet fmm d~te at the rate of s ix and three-fourth~,. ~„w,~, ~-3~1~?0~ ~ the
u~np aid balance until paid. The said principsl and int~ems . shall be psyable a e og~ of the Losn (iuarunty
08'icer, Veterans Administration Regional Office, in St. ~etereDUrg, ~~or i~e , or at such
other pluce ss fhe holder rasy deeignste in writing delivered r il to the debtor in moAt ia~llraenta of
Sixty-four and------------------------~6~.~ j~v~ ~=~4.
oommencing on t~he 6th d~y of December . , 19 d~ aad oontinning on the
6th day oi eaah month thereatter until tLis note is fully paid, except t~~L, if not ~
ner
paid, the final paymen~ oi principal wd int~erest sh~ll be due ~td p~yable on the o h y ot
November ,1998
Privile~e ia reeerved to prepsy at any time~ without premium or fee, the entire indebtednesa or sny part
thereoi not less than.the amount of one inatallment~ or one hundred dollara (i100.00), whichever is lesa. Any
prepayment made on other than an inscallment due dste aill not be credited unti! the next tollowing inatallment
due date.
If my deficiency in the psym ent of any inatsUment under this note ia not msde good prior to the due date
ot the next such inatallmeat, the entire pruicipal sum and scx:rued interest ahall at once become due snd ~sy-
sble ~vithout notice ~t the option of the holder of this note. Failure to exemise this option ahsll not constitute
s waiver of the right to exerciae the same in the event of any eubsequent default. In the event of defsult in the
psyment of thia note, and if the saane is collected by an sttorney at lsw, the underaigned hen+by agree(s) to
pay all costs of oolloction, including a reasonsble sttorney's fee.
This nots is given for purchase money of real eatste and is eecured by mortg~g~e to secure debt of evea
date herewith, given and delivered by the underaigned to psyee on certsia real ~Per~Y described therein.
Presentment, protest, snd notice ~re hemby wsived. ~
~ __~S~ John H• S~tO ~gEALJ
John H. Soto
IeEAL)
-°-S-~l Rllttl Sb t0 IBEALJ
'
j [bith So to
i t
IBEALJ
And shall duly~ promptly~ snd fuAy perform, discharge, execute. etfect, complete, and comply with and
~bide by each and every ~the atipulationa, agreements, condit~ons~ and coven~nts of eaid~ promiseory note sad
ot this mortgage, then this mortgage and the estete hereby created ahall ceaes and be null and void.
The Mortgagor further covenants aa follows: ~
1. Thst he will psy the indebtedness, as hereinbefore pmvided. Privilege ia reserved to prepsy at sny time~
~vitLout premium or fee, the entire indebtednesa or any part thereof not lese than the smount of one ~nstallment, ~
or one handred dollare (i100.00)~ whichever ia lees. Any p~repayment made on otLer than an inatallment
due date ~vill not be credited nntil the nent following inatsllment due date.
2. In order more fully to pmtect the secwity of this mortgage~ the Mortgagor,, together with~ and in addi-
tion to, the mQnthly payments under the terms of Lhe note secured hereby, on the installment due dste dsy of
each month until the s~d note is tully paid, wiIl pay to the Mortgagee as trustee (under the terms of this
truat aa hereinafter atated) the following suma: . ~
(a) A aum equal to the ground renta, it anp, next~ due, plus the premiuma that will next become due and
payable oa policies of &re aad other hazard inauranve covenag the mor pr~operty, plus tsxes
u?d aseessments next due on the mortgsged pmp~erty (all as estimated~the Mortgagee and oi
which the Mortgagor is notified) less all sums already pa~d t6erefor divided ~I the number of mont6s
to elapee before oae month prior to the date when such~ground renta, premiuma, t~uces~ and asseee-
menta wiU b~come delinquen~, such aums to be held by Mortgagee ia trust to pay said ground renta,
premiums, tazes, and apecial aseeesmente.
(b) Theag~egs te of the amounta p~yable pursusnt to subparsgrsp6 (a) and those payable oa the note
secured hereby, ahall be psid in a e~ngle psyment each montL~ to be applied to the following items
in the ord~ stat,ed:
(I) Sround rent.~ tues, asseesmen~s, fire, snd ot6er has~rd insurance premiums;
(II) intereat on tLe note secut+ed hereby; and -
(III) amortisation of the principal ot said note. ~ end three-fourths, 6-3/4%
Any de8ciency in the smount ot auch aggregste monthlv pa t shall unless made good by the Mortg~gor ~'1
pr~inr to the due datb of the next such payment coastitute an e t~' default under this mortgage. At
Mort~sgee'a optron, Mo~gor will pay a"lste c~ug~e•• not ezceedi xr~~oto~ont~) of say install- .
ment wrhen paid more thaa $fteen (15) d~ys atter t6e due date thereof to cover the extn expease mvolved •
in bandling del'upuentps
yments, but such "l~te chug
e" shall no~ bapsysble out oi the pmceeds oi an~ sale
made to satisty the indebtedne,ss eecured Let+eby, nnteas suah prooeeds are su@'icient to dac6~rge the entin
indebtedue~s sad all proper oosta ~nd espenes secured 6et~eby.
3. It the tot~l of the pa~menta made by the Mortgagor under (a) ot psragrsph 2 pteoediag dba~ exceed t6e ;
~rnount ot pr?ymenta actually made by the :~iortgagee~ as truatee for ground rents~ taaes and aseessmenta~ aad ~
insur~nce preiniums, ss the case may be~ such excess shsll be credited on subsequent paym~nta te be madt ;
by the :~iort~a~Or ior suoh iterru or ~t Mortgagee's optioa. ss trustee ahall be retunded to Mort~agor. If, >
how?ever~ auch monthl~r paymenta s~all ta~ be wfftcient Lo psy such items when the ssme shsll beoome due . ~
and p~y~bk, then the ~lort~a~or shall pay ~he ~ ortgsgee as trustee sny amount nece~s~y to make up ;
~~i~14 ~.~~i0 9 ~ ~
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