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Home My WebLink About2122 ; ~ To H~vt~ ~xu ~ro HoLa the ssme~ t~ether with sll und singul~~ the tenoments~ hereditsments snd sppur- ~ ten~ncea thereunto bclonging or in anyw~se ap~t ~n,~n~g, xnd the reversion end reversions, remainder or re- insinders~ i?nd atso all tho estate~ right, titlo, tn~t~l~omes~e~l,;daJ~tier and ri b?h~~ ot dowe~, separnte estate, poascsaion, claim nnd demsnd whatsoever, as well a si? as in e~~~ry't.ot.tha said Mortgwgor ia und t.o t.he same ~nd every p~r1, tlicreof~ with Lhe sppu~tenancca of the said Mo~tgsgor in and to the same, und every part wn~ parcel thereoi unto the said Mortgsgee in fee simplo. The Mortgagor hereby cove~ents with the Mortga~ee, tliat he is indefeasiblv seiz,ed of said lsnd in fee simple or such other estst,e~ ~i sny, as ia stated lierein; that he has tu11 power and law~ul right to convey ~the same ss uforesaid; thut the l~nd is iree lrom sll encumbrances except ss herein otherwise recitecl; thst said Mortgagor wiU mske such further assurnnces to prove the aforesaid ticle to said laad in asid Mort~agee as mwy be reason- ably required~ and thst said Mortgagor does hereby tully warrsnt the title to said lwnd, and every part thereol~ ~ and will detend the same against the lawtul clsima of all peraona whomsoever. Pnovtasu AL~r~YS thst it tho Mortgagor shell psy unto the Mort~g~ce that certain promissory note~ oi wl?ich the following is ~ substatitiel copy~ to wit: gort p~erc Fiorids . = 14,400.00 December 2 ,~968~ FOR VALUE RECEIVED, the undersigaed pcomise~s) to pay to the order of the AdminisUator of Veterans' Affairs, an Of~cer of the Uaited States of America, and his successors in such office, as such, and his ot their assigi~s, th priacipal sum of FOURTEEN TEiOUSAND FOUR HUNDRED FOLI.A1tS AND no/e100-----------------~ollars 14 400.00 with interest from dste st ihe rate oi S fx ~ Three Fourthe Per cent,um 6 g ~4blo) Per annum on the u~np aid balance until psid. The said principal and intpmst. sl~all be payable at the oflice of the Loan (3uaranty O~icer, Veterans Adm~nist,ration Regionsl Office, in St. Petersburg, F1oT~de , or at such other pluce ss the holder msy designste in vvriting delivered or inaileci to the debtor in monthly installments of NINETX THRF~E AND 40/100----------------------------~llars(i93.40 commencmg on t e 2pd day of Januer~ ~ 19 6~ snd oontinuing on the d~y of eacFi month thereafter until ttus note is fully paid~ except thut, if not aooner paid, tbe final pay~ent of princip~l and interest ahall be due and paysble on the 211d day oi , 1998 ~ De er ~ p~pg~ at any time, without premium or iee, the entire indebtedness or any part ~ ege thei~eof not lesa than the smouN, of one installment, or one hundred dollars (t100.00), whichever is less. Any prepayment made on other than an inst.allment due date will not be credited unt il the next following instsllment due date. If any de&ciency in the paym ent of eny instsUment under this note is not made good prior to the due date oi the next auch inatallment, the entire rinc~pal sum and ac~rued interest ahall at once become due and Fay- ac • able without notice at the option of the older of thia note. Failure to eacerciae this option shall not constitute - i a wsiver of the right to exerc~se the same in the event of any subsequent default. In the event of default in the ~ psyment of thia note, and if the same is collected by an attornoy at law, the underqigned hereby agree(s) to pay all costs of oollection, including a reaeonable sttorney's fee. , i This note ia given for purchase money of real eatate' and is secured by mortgage to secure debt of evea d~te herewith~ given and delivered by the underaigned to psyee on certain real property deecribed therein. Presentment~ protest, end noti~e are herPby waived. -~8-~ ---James _ Lowe~~__~A4i.~h----------- [sE~L] James Lowel~ Smith ~$~------Beverly_ Joan__Smi~t~----------- (se~L] Beverly Joan Smtth # i ~ ~ I8EAL~ i 'i : If IBEAL~ ; ~ And ahall duly, prompdy~ and tully perform, discharge~ execute~ et~ect, complete~, and comply with and sbide by each and every ~the st~pulationa, agreements, conditions, and covenants of said~ promissory note and ~ ot Lhis mortgage, then this mortgage and Lhe estste hereby created ahall ceaes and be null and void. ~ The Mortgagor further covenants as followa: . ! 1. Thst he will pay the indebtedneffi, as hereinbefore pmvided. Privilege is reserved to p~epay st sny time, ~ w?ithout prEmium or fee, the entire indebtedneas or any part thereof not lesa tLan the amount of one u?stallment, ~ or one hnndred dollare (i100.00), whichever ia leas. My pr~epayment made on other than aa installment a due dats will not be credited until the next fo]lowing inst,aUm~t due date. - 2. In order more fully to protect the secwity of this mortgag,e, the Mortgagor, togetl~er with, and in addi- ~ tion to, the monthly payments under the terms of the note secured hereby, on the installment due dete day of each month until the said note is fully paid, will pay to the Mortgagee as tnistee (u~der the terma of thia e trust ss hereinafter state~) t6e following suma: ~ ~ (s) A sum equal to the ground reats~ ii any, next due~ plus the premiums Lhat will nea~t become due snd ~ psysble on policies of fire and ~ther hazard inaurance coveru?g the mortgeged pr~operty, plus taxes ~ and asaesamente next due on the mortgaged property (all aa estimated by the Mortgagee and of ~ which tbe Mortgagor ia notified) le~ all suma already paid therefor divided b~? the nuanber of months ~ to el~pee before one month prior to the dste vrhen suchground renta~ prenuuma, taaes, snd asseae- menta will beoome deliaquent, auch auana to be held by 1liortgagee in trust to pay said ground rents, premiuma, ta~res~ and special aaeessmente. (b) The aggregate of the atnounta psyable pursusnt to subparsgraph (a) and thoae psysble on the note s secured hereby, ahall be p~id in s single psyment each month, to be applied to t,he following items : ~ in the ordet atated: : (I) Bround reats~ taaes~ asse~amenta, fin~ ~nd other hassrd inaursace premiwns; ; (II) intereat on tLe note secured hereby; and ' (III) amortisation of the principal oi ssid note. ~ Any deficiency in the amount of such ~regate monthlv paya~eat shsU, unless made good by the 1liortgagor ~ pric?r to the dua d~tb oI the ne~~ such payment, constitute sn event of detault under this mortgage. At ' Mortgag~'s option~ Mottg~agor will p~J ~"bte charge" not exoeeciir~"~11K~o0iMit~tlc~bl any install~ ~/~°X ~ ment-vo6en pa~d mon than ~ittcen (15) days ~fter the due dste theraof to cover the estra e~cpet?ee involved in hsndling delwquentpa ymente, but such late chug e ahall aot be psyable out oE the proceeds o[ anp sale ~ made to aatiafy the indebtedness secured hereby, o~less such prooeeds ue sufficient to d~scharge the entire~~,~-` ~ indebt~eda~ess and all pmper cuets and expenaes~secured 6~reby. ~ 3. Tt the totat oi the payments made b~ the :4tort{~?gor under (a) ot para~raph 2 precedinR ahe~ll exceed the an~ount o! pey menta sctually made by the .lortgaRee, ss trustee for ~,-round renta, taaes snd a9seas~nenta, ~nd 3 insurance premiuma, ae th~ case may be, such excese ahaU be credited on subsequent paymenta to be made by the ~iort~a~or for auch item~ or, at ~tortgagee's option, as trustee shall be refupc~ed to ~tort~aRor. It, twwe~er, auch ~nonthly pa~ments ahsll not be sutficient :~o p~y such itemt whett th~ Srme shsll becAme due and payable, tt~en the ~1ort~ta~or ahall psy to the ~iort{~agee aa trustee any amount neceaeary to make up ; ~o~x ~7~ w~~211?