HomeMy WebLinkAbout1620 To H~os ~rrD ~ro Hoi.n the same~ to~r~hcr wi~h all eu~d sin~~la~ the tsnements~ heredit~?mente ~nd sppur-
tsnancra thereunta ~clonging o~ in sny~ns`,~p~ tt~' ~n~; version and reversiona~ remainder or ~e-
tnaindera~ and also i?11 tho eat,i?to, right, t,i~lb,Aalbres~j liom~~wer utid ~i ?ht, ot dower, sepacate estate,
poescesion, clsim und demand wh~teoever~ as weU ia low ss in equity~ ot tha suid ~ortgsgor ia and to ~he same
and every pert thcreof~ ~vith the sppurlenancas oi the said Mortgagor in i?nd to the sune, und cvery part iu?c~
parcel thereof unto the aaid Mortgsgee in iee simplo.
The Mortgag~or hereby oovenants with tho Mort~egee, ~hst he ie indefessibly sei~d ot ssid land in fee
simple or such other estate~ tt any ss ia atatsd herein; that he hus tull power ~nd lew[ul r~' t to convoy ~the sama
as aforesaid; that t~e l~nd ia leee ~rom sll encumbrsnces excep~ i?a herein otherwise r~cit~; thst asid Mortgsgor
'~vill m~ke such further aesurunces to prove Lhe uton~id t,itle to said l~nd in asid Mortgng~ as msy be raason-
ab req uired, and thst said Mort$agor does hcreby fully wurant the tiWe to si?id land~ and evcry psr~ thereof,
an ~riU defend the asme ag~ins~ the lsvvf ul cl~ima of aU pereons whomaoever. .
PaomaaD AL~vwYa t,h~t ii tLe Mortgagor shsil psy w?to the Mortgag+ee th~?~ cerrt~sin promisaory note, ot
which t6e foUowing is a subsRantiai oopy, to wiL: Fort Pierce ~ Fiorida.
= 12 , 300. 00 November 22 , t9 68
FOR VALUE RECEIVED~ the uadersigiied pcomise~s) to pay to the ocder of the Admunstrator of
Veterans' pffairs, aa Of6cer of the Uaited States of America, aad his snccessors ia sach office, as
such, and his a their assi~s, the princ' 1 sum of ~elve thousa d t e hundred
aQd -----------------------No~00 Dollars ( r2 , 3~~. ~0
with intee+ea~ from d.~e at the rats oi s ix 8c three-fourths per centum (~-3~~0) per annum on the
u-np sid balance until sid. 1'he said ru~ca al aad interest shall be ps able at e o ~e of the Losn Giusrantp
O~cer, Veterana Administration Region4l(~ce. in St . PeteraDUTg , F~OZ'~~18 ~ or st auch
other place as e holder msy d~ste in wr~ting delive,red or s t~?e debtor in mont
h_1~ na Imcnta of
SeQenty-n~ne and ---------------~---~~1~ ~oUars 7~.~
cummencing o th 22nd dsy Dec e , 196a , and continuing on the
~2t1~ day oi ee~ch month thereatter until tbis not~ is fully paid, except thst, if not soodier
paid, ths final payment oi~n
cipal ~nd interee~ sh~?il be due wd p~yab~ on the 22t1d d~y of
November ,1998 .
Privilege is reserved to prepsy st any time, without premium or fee, the entire indebtedness or sny parti
thereof not less t~sn the amount of one installment, or one hundred dollara (i100.00), arhichever ia less. Any
prepayment made on other thsn sn instaUment due date aill not be credited until the next following inatallment
due d~te.
Ii any deficiency in the paym
ent of any inatallment under this note is not made good prior to the due date
of the next such installment, the entire pruicipal sum and sc~:rued interest shall at once become due and Fay-
able ~vithout notioe at the option of t6e holder of this note. Failure t~o exercise tLia option ahsll not oonst~tute
s waiver of the right to exercise the ssme in the event of aay subaequent default. In the event of defsult in tLe
payment of thia note, and if the same is oollected by an attorney at Isw~ the underaigned hen+by agree(a) to
pay aU caets of oollection, including a reaeonable attorney's fee.
This note is givea for purchaes money of real estste and is eecured by mortgage to eecure debt of even
dste herewith, given md delivered by the underaigned to payee on cert~in real pmperty deecribed therein.
Pnsentment~ pmtest, snd notiee ue herr.by waived.
[se~L]
Howard K. 5lfgar
[e~+~
' ~BBALJ
Georg ia L. Sl igaar
f ~BEALJ ,
,
' And shsll duly, Promptly, and fully perform, discherge, ezecute, effect, complete,, and c;omply with and `
~ abide b each and every tbe ati ulations agreements, conditions, and covenants of sud~ promissory note and '
of thia mortgage, then this mortgage and~the estste hereby created ahsll ceaes and be aull and void. ;
~ The Mortgagor further c~ovenants as follows: ?
1. That he will pay the indebtedness, as hereiabefore pmvided. Privilege ia reserved to prep~y st an time, ~
~vithout premium or fee, the entire indebtedness or any part thereof not leas thsn tLe amount of one inet~ment, {
or one hundred dollsra (i100.00), whichever ia less. My pn~psyment made on other than an installment
due date will not be credited until the nezt following inatsllment due dete.
2. In order more fully to pmtect the aecurity of this mortgage, the Mo~r,, together with, and in addi-
tion to, the monthlp paymenta under the terms of the note secured hereby, on t e installment due date day of
each month.until the astd note is full~ paic;..wi]L pay to t,he ~Mortgagee .qa trustee (under the terme of this
tr~at as hereinaft,er stated) t~e following au~s: ' ,
(a) A sum equal; to the grpund rents; if iny. nea~t~ due~ plus ,the premiuri~s t~ist will neat beoome due and
psyable on pbltcies of ~e ni~ ot6er hasard insurautce oovering Lh~e mor pm~perty, plua tsxes
and aeeesaments ne~ct due on tLe mortgsged pmpe~rty (all as estimsted~the Martgagee and of
which the Mortgagor is notified) less all eums already paid therefor divided the number of months
W elspee belore one montL prioc to the dste when suchground renta, prenuuma, ta~ces; sad aasess-
. ments will beoome delinquent, such aums to be held by M~rtgagee in truat to pay said ground rents,
premiuma, tsarea, aad special aseessments.
(b) The eggregste of the amounta psyable pursuant to subparagrsph (a) and thoee psyable on the note
~
u~red h~erea~ be paid in a single payment each mont6, to ~?e spplied to the foUowing itema
(I) Bmnnd rents, taxes, aeeeeamente, Sre, snd otLer haaerd inaurauce premiums; ~?7:---0~• l
(II) interesi on tLe note secured hereby; and ~
(III) auwrtizr?tion of the prin~c,ipal of said n,qte.. ix aad three-fourtha, 6-3/4'X.~ ~i-
Any deficiency in the amount of such sggregate monthlv ps t shaU unleas made good by the Mortg4gor ;
prior to t6e due dst~ of the ne~6 such patqment constitute an e t o~ default under tbis mortgnge. At (
Mortgsgee'a option~ Mortgagor vrill pay a'tste c~arge'r not eaceedi ~xipeocxa~mot~f ~c of any inatall-
ment wfien paid more thsn Sttcen (15) dsps siter the due date t~hereof to ouver the extra expense involved
in hsndling delinquent psyments, but such "late ~e" ahill not beps
ysble out of th~?roceeds of any asle
made to satiafy the indebtedneas secured heteby, u ess sucb proe~eds sre au~'icient to discharge the entire
indebtedneea and sll pmper caete sad expenses secured hereby. "
3. If the total of the peyments made bp _the Mortgsgor.nndet (a) ot paragraph 2 preceding ahall exceed t6e .
amount of psymenta sctuslly made by the Mortgagee, ae trustee for ground rente, taxes and asseesmenta, snd
insursnce pr~ruume, as the case may be, such eaceas shsll be credited on svbsPquent psymenta to be made
by the Mortgagor for such items or at hiortgagee'a option, as trustee $11 .be refur?ded to Mort;agor. It,
~a
however, such monthl~?~ paymenta s~isll~ not be sufficient ;
o pay such i m~ i~ien; t,~~ asme'shsll beoome due
and paysble, then the Mortgagor ahall pay to ~ e Mortgagee as trustee any amount neceeasry to make up
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