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TO AAYE AND TO HOLD ~fe SAIrie~ Lo~e?~her wila ,a~ w~r~ s~i+gul~r tj~ emente, hereditaments u?d spputi
tsnances thereunta ~elonging o~ in.snywise sQp~rts~ning, ilnd the revet~aion nnd reveraiona~ remainaer or re-
tn~inders, und aleo all the eet~?to~ ngh~, ~itle, ~nterest~ homeatoad~ dower und ri b~h~t, ot dower~ separate estate,
poesession~ cl~im i?nd demand whet~soever, as well ia law ss in equity, ot tho anid Mortgagor in snd to the same
snd every p~rt Wureoi, with the sppurlen~ncoa ot fhe eaid Mortgagor in snd to the same, ~d overy part Rn~
piu~cel thereof unto the said Mortgsgee in fee simplo.
The Mortgagon c~reby ooven~nta with tho MortRsgpe. ~t~ut he is indefeasibly seized ot ssid lund in fee
simple or auch other estat,e~ ~t any as ia atated heroin; that he hxa h~ll power and lawful right to convoy ~the ssme
ss atoressid; t,hst. the land is free ~mm sU encumbrsnces except ss herein o~hetwise recited; thst ssid Mortgagor
wiU make such iur~her aeaurunces to pmve the ~foresaid title to said l~nd in said Mortgsg~ce ss msy be reason-
ablyreq uired, and th~t said Mortgagor does hereby fuUy wurant the tiWe to a~id lnnd ~ snd evcry part thereoi,
and wilt defend the same againat the tawtt~l clsims ot all persona wbomsoever.
PROYIDED ALweYS Lba~ ii the Mortgsgor sh~ll psy unto the Mortgag~ee that certain promisaory note~ of
which the folbwing is ~ substan~i~l copy, to wit:
= 8,700.00 Fort Pierce , Florida.
November 12th . i9 68
FOR VALUE RECEIVED, the undersi~ned promise~s) to pay to the order of the Admiaistrator of
Veteraps' Affairs, aa Of~cer of the Ututed States of America and his successors ia snch office, as ~
such, aad his or their assi~s, the priacipal sum of Eig~tt thousend eeven hundred i
and No/100------------------===------------ Dollars( 8 700.00 :
with intereat frora date at ihe rsts o~ ~ end three-f ourth
per centum (~-~~~'o) per annum on the ;
u~n~paid balsnce until psid. The Qnid principal and int~rnst ahall be payable at he o of the Losn (~uarsnty ~
Of~icer, Veterana Administcat~ion Regional Offic.e. in St . Petersbt~rg, F~oY'~t~e , or at such
other pl~?ce ~s the holder d~ignste in writing delivered or msiled to the debtor in monthly i mcnts of
Fifty-a ix and 43~0~ ~11~(= 5~• s
oommencmg Qn the 2th dsy of December ~ 19 08 sad oontinuing on the
12th day af each month therestter until t~is note ie fully paid, excepr t~i~j~hf not sooner
paid, the final payment of princi al ~nd interest ahsll be due und payable on the . day oi
November ,199~ ,
Privilege ia reeerved to prepsy at any time, without premium or iee, the entire indebtedneas or sny ~art
thereof not less Lhan the amount of one inatallment, or one hundred dollats (i100.00)~ whichever ia lesa. Any
prepayment made on other thun an installment due dste will not be credited until the next following inataAment ~
due date.
If any deficioncy in the psym ent of sny installment under this note is not made good prior to the due dste
oi the next such installment, the entire principal sum~ and acurued intereat shsll at once beoome due snd pay-
able ~vithout notice at the option of the holder of t~is note. Failure to exercise Lhis option shall not constitute
s wuver of the right to exercise the asme in the eventiof sny subaequent default. In the event of default ia the
psyment of thia note, and if the asme is oollecLed by sa ettorney at lsw, the underaigned hereby agree(a) to
pay all oosta of oollection, including a reasonable.sttorney's fee.
This nots is given for purchase money ot real eatste and is aecured by mortgag~e to aecure debt of even
date herewit~h, givea and delivered by the underaigned to payee on certsin real pmperty desc-ribed therein.
Pe+eBentment, pmtest~ snd notice ue hereby wsived.
S~ Will iam F. Gallagher
- - -v-------- - - - IBEALJ
wiiiLam F. Ga~lagi~er
IBEAL~
, S/ Audrey T. Gallagher ~BE~L~
' "~"-~Audrey ~allag6er
[e~L~
And shall dulp, promptly~ and fully perform, discharge, execute, effect, oomplete,, and comply with and
sbide by each aad every the stipulationa, agreements, conditions, and covensnts of sud~ promiseory note and
of thia mortgage, then this mortgage and the estste hereby created shall cease and be null and void.
The Mortgagor further covenaats as followa:
1. Thst he will psy the indebtedness, as hereiabefore pmvided. Privilege ia reserved to prepsy st an time, 4
N ~ritLout premium or fee, the entire indebtednees or any part thzreof not lesa than the smount of one ina~ident, ~
or one Luadred dollars (i100.00), whichever is lesa. Any prepsyment msde on other tLsn an inatsllmeat ~
due date ~vill not be credited until the ne~ct tollo~ving inataltment due d~te. ' `
2. In order more fuU
y to pmtect the security of thi$ mortgage; the Mor t~~
ur~ together with, and in addi- ~
tion to, the monthly .peymente under the terma of the note secured hereby, on t~e instsllment due date dsy of
each month uatil the said note is fully paid, will pay to the Mortgagee as trustee (under the terms of t6is
trust as hereinafter atated) the following suma: .
(a) A sum equs~ to~the ground rents, if anp, nezt due, plna the preminms tlu~t will 4ie~t beoome dus and
psyable on policies of fire snd other hazsrd insurance coveruig the mortgaged pr~operty, plus tsxes
and aeeesa~nents next due on the mortgsged prop~erty (all es estimated-by the Mortgagee and of
which t6e Mortgegor is notified) lesa all eums already paid therefor divided bl t6e number of months ~
to etspee befora one month prior to the date when suehground rente~ premiums, ta~ces, and assess-
ments vvill become delinquen6, such sums to be held by Morlgagee ia trust to pay s~id ground rents, ~
premiuma, taues, and special aseeeaments. .
(b) Theag~eg ste of the smounts psyable pursuant to subparsgraph (a) and those psysble on the note ~
aecured hereby, shsll be paid in a single psyment each month, to be applied to tLe following items
in t,he ord~ stated: i
(I) ground reats, tues, aseeeamente, 5re, snd other hszard insnrance premiums; ' ~
(II) interest on tLe note secw~ed hereby; and 3
(III) amortizadon oi the principal of said note. ~ aild thY'ee-fourths, 6-3~4°,b ~y
Any de6ciency in the amount ot such aggregste monthlv ps t ehall udess made Bood by the Mortgagor
prior to the due daW of tLe nexl, such payrpent constiiute sn e t o~' default under tLis mortgage. At
Mortgagee's option, Mortgagor arill pay a"lstd c~srge" not exceedi ~~cidut~~cof any inetall-
ment wfien paid more thsa $iteen (15) dsys atter the due dste thereof to cover the eatn e~cpense involved
in hsndling del~'nquentps
yu?ents, but such "lste chsrge" ahall not be psyable out oE the pmceeds of any sale
made to satiafy the indebtednesa secured l~ereby. unleas such prooeeds are au8'icient to dtscharge the entire
indebtedness sad all pmpet cvsta and expenses secured Leceby. ~ ~
3. If the total of the pa~yments made by the M~rtgagor und~ of paragraph 2 pre~eding shsll ea~ceed the ;
amount oi p~yments actually made by the Mortgagee, as truatee for g~round rents~ taxea and assesements, and ;
inaureace pnmiuma, se the case may be, such exceas ahall be credited on sut~equent payments to be made =
by the Mort~a~or for such itema or, at Asortgagee'a option, as truatee ahall be refunded to MortQagor. If, _
eo
however, aucl~ monthl~~ paymenta ahall not be suffiicient ;o psy auch items ~?hen the same shall liec~ome due
and payable~ then the Mortgagor shall pay to the Mort~agee as truatee sny emount necessar}? to mak~ ~p~ !
~ ~ ~o~K 174 ~E129? i . . . . .
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