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Home My WebLink About2804 To H~~a ~xD ~ro Hoi.a the a~me, t,o&e+ther with all sr?d sin ~1R~ the tenemente~ herediti?menta and sppur- tenances thereunt,o ~+longing or in ~u?yw~ae sppe~a(nq?g, ~anej~t6~ ~veraion snd reveraions~ remsinaer or re- mainders, snd Rleo all tho est~te~ righ6~ litle~ ~nteiest~i~omeat~'ad; e~ and ~igh~~ ot dower~ sepsrxte estste, poesoseion~ clsim end demand wh~teoever, as weU in law ~s in equitiy, oi tho anid Mortg~?gor in and to ~he same and every part thereot~ with the appurlemu?cos ot the said Mortgegor in and to the same, +u?d every part anc~ parcel thereot unb W?e said Mort,gsgee ~n tee simplo. 1'he Mortgagor hereby oovenanta with tho Mort~~ge~~ t,het he ia indetesaibl~? seiaed oI said lsnd in fee simple or such other estste, ~t nny aa ia atat,ed hensin; that he hNS tult power and law[lil right to convoy ~tho some as uloresaid; thst the land is lree ~rom ell encumbrsnces except us herein otherwise recited; tbat said Mortgagor ~vill make such further asaurunces to pmve the ~?foms~id tiWe to said land in asid Mort~sgee aa msy be roason- sblyreq uired, ru?d thst ssid Mortgagor does hereby fully warrsnt the utle to suid land~ ~nd every part the~cwi~ ~ and will detend the sune against the lswiul cluma oi all' pereons whomsoever. Psovinsu AL~v~Ya that it the Mortgagor ahsll pay unto the Mortgsgee that certain promissory note~ oi ) which the following ia a substu?tial copy, to wit: = 8,700.00 Fort Pierce, Florida. Deaember 18 ,1968 FOR VALUE RECEIVED, the uadersi~ed pcomise~s) to pay to the order of the Administrator of Veterans' Affaics, ea Of~cer of the Uaited States of America, and his successors in such office, as sud~, and his or their assi~nns, the priacipal sum of EIGHT THOU3AND SBVSN HUNDRED AND NO/100---------------------------------- Dollars( 8,~00.00 with interee~ fmm dste st the rats oi31z d~ Th2'ee F0lirth8 per centum ;~~/l~lo) per annum on the u~n~paid bslance until psid. The said principal and interrst• ahall be psyable at the o ~e ot the Loan Guaranty (~icer~ Veterans Administration Regional O~fice, in 3t. Petersbllrg , Flor~da , or et such B CT plaCe~~~e ~ r~a~d~ =te in writing d~livered ~~m=iled to i~he debtor~ll~m~ ~=1y allments of I~1'I /1 ~ ~ oommencing on the 18th dsy of Ja11~e~~y , 19 69, and oontinuuig on the 18th day oi each month theresfter until thia note ia fully psid, exoept thst, if not sooner paid, the finsl paymeni of principal and interest ahall be due and paysble on the 18th d.y oi Deceober ~ 1998 Arivilege ia reserved to prepsy st sny time, without premium or fee, the entire indebtednesa or any pect ~ thereof not less than the smount of one installment, or one hundred dollara (i100.00)~ whichever is less. Any prepsyment made on other than an installment due date will not be credited until the next following installment due dste. If any deficiency in the psym ent of any instellment under thia note is not made good prior to the due dete of the next such installment, the entire principal sum and aci:rued interest ahall at once become due and psy- sble withont notice at tLe option of the holder oi thia note. Failure to eaerciae this option shsll not constitute s waiver of the right to ea~erc~se the same in the event of eny subsequent default. In the event of default in the psyment of this note, and if the same ia collected by an sttorney at law; the underaigaed hereby agree(s) to psy all coats oi collection, including s reaeonable attorney's fee. This note ia given for purchase money of real estate and is secured by mortgage to secure debt of even j dste herewith, given and delivered by the undersigned to payee on certsin real pmperty described therein. Pe~eeentment, protest, and notice are hernby waived. ' /s/ William B. Pacetti ~8EALJ ` --~rrii~am -s: --~g~~t~~---------------- l $l SveI~i~gace~~~~----------------------- ISEALJ , IBEALJ ' IBEAL~ ~ I And shall duly, promptly~ and fuAy perform~ diacharge, execute~ ef[ect, complete, and comply with and , ~ sbide by each and every the stipulations, agreements, conditions, and covenanta of a~ud~ promissory note and ; ~ af this mortgage, then thia mortgage and the estate hereby created shall ceses and be null and void. ~ The Mortgagor further oovenants ss follows: ; 1. That he will pay the indebtedness, as hereinbefore provided. Privilege ia reserved to prepsy at anp time, ? ~vithout premium or fee, the entire indebtedness or any part thareof not lesa thsn the emount of one u?stallment, # ~ or one hundred dollars (i100.00), whichever is lesa. Any p~repeyment msde on other thsn an installmynt ~ due date ~+ill not be credited until the next following installment due date. ' ? 2. In order more fuUy to pmtect the securitp of this mortgage~ the MQrtgagor,, together with, and in addi- ~ tion to, the monthly psyments under the terms of the note secured hereby, on the ~natallment due date day of ; each month until the asid note is fully paid, will pny to the l~iortgagee as trustee (under the terms of this ; trust as hereinafter stated) the following suma: (a) A sum equal to the ground rents, if any, next due, plua the premiums that will neact become due and peyable on policiea of fire and other hazard insurance ooveruig the mortgaged pro~perty, plus taxes and assessments next due on the mortgaged property (all as estimated by the Mortgagee and of which the Mortgagor is noti&ed) less all suma already paid therefor divided b~? the number of months to elapse before one month prior to the date vrhen suchground rents, premiums, tsxes, and a.~sess- ments will become delinquent, st~ch sums to be held by Mortgagee in truat ta psy said ground renta, premiums~ taxes, and apecial essessments. (b) The aggregate of tLe atnounta psyable pursuant to subparagrsph (a) and those psyable on the note ~ secured hereby, shall be paid in a single payment each month, to ~e applied to the following items ~ in the order atsted: ; (I) ground rents, tsxes, aseesaments, fire, snd other hazard inaurance premiums; ' (II) interest on tLe note eecur~d hereby; and (III) amortizetion ot the principal of said note. Any deficiency in the amount of such aggregate monthlv paym~nt shall unleas made good by the Mortgagor pr~~or to the due dat~ of the ne~6 such payment, constitute an e nt o~ default under this mortgtige. At * Mortgsgee's option, Mortgagor will pay a"late charge" not et ~7C~~~ oi any install- 6 3/4~ ment wfien paid more thsn &fteen (15) days aiter the due date thereof to cover the extra expense involved in hsndliag delinq uent payments, but such "late charge" ahall not be paysble out of the proceeds of any sale~j/~ mede to satisfy the indebtedness secured hereby, unless such proceeds are sufficient to diecharge the entire ~ ; indebtedness and all pmper coats snd expenses secured Lereby. • 3. If the total of the payments made by the Mortgagor under (a) of paragra~h 2 precedi~ shall exceed the amount of paymenta nctually made by the Mortgagee, as trustee for graund rents, taxes and assessments, and insursnce prem~ums, as the case maq be, such ea~cesa shall be credited on subsequent payments to be made by the Mortgagor [or such items or, at Mortgagee's option, as trustee shsll be refunded to viort~agor. If, however, such monthly payments shall not be sufficient ;,o pay such items when the same shatl bec:ome due and payable, then the r'Iort~agor ahall pay to the ~'Iortgagee aa truatee any amount necessary to make up ~ BOQK~74 Pb~E2798 ~ - .:.~;.~.;3 - . - _ _ °