HomeMy WebLinkAbout1484 To Hevr~ ~xo ~ro Hoi.a the same. t.o~e+thc~ with all und singula~ the tenementa~ hereditaments ~nd ~~pur- ~
tena~ces thereuota bclonging or in ~nyv?nse ~ppe~taining~ ~nd the rcvereion and reversions~ remainde~ or re- ~
w~inders, ~nd nlso uU the estate. right, title. ~ntece~ llo eatea ~ w i?nd ri ?hl, ot dawer~ se acale estate~
poescsaio~~, claim ~nd dem~nd_whetsoever~ as we~ ~Q'1 ~n equi si?id ~o~tgag~ur in an~ to the same j
and every p~?rt tl~creof. with the appurtenancca of ~h ~ Mor r and to the aame, snd avery part end ~
parccl thereot unto ~he aaid Mortgagee in tee simpla.
The Mortgagor hereby oovenants with tho Mortg~gee~ tl~st he is iadeieasiblv seiacd ot said l~u?d in fee
simple or auch other eatates~t at~y as is atatcd hei^cin; lhaL he hns fuU power and I~wjul right to convcp the sune
as eJoreaaid; that the l~nd ts fr~ee ~~+om all ~acum3rancee except as herein otherwise recited; tbst said 1Sortgsgor
will mske such lurtber ssaur~t?ces to pcove t,he atoresaid tiWe to said land in si?id Mo~t~sg~ce as ma be ro~?son-
ably uired ~t?d th~?t ssid Mor y
req , lg~gor do~ hercby fully warraat the tiWe to suid lund, and every pnrt theceof~
sad wrill detend tha same againat the lawtul clr?ims oi all pereons whocr~soever. !
PROViaea ALwreYa th~t ii t~e Mort{~agor shull pay unto the Mortgagce that certain promissory note, of ~
which the following is a aubet~antial copy, to wit: ?
i 12, 000. 00 Fort Pierce , Florida.
January 27 ~ 19 69
FOR VAI.UE RECEIVED, the +wdersig~?ed pcomise~s) to pay to the order of the Administrator of
Veteraas' Affaics, an Officer of the United States of America, aad 6is auccessars in sncd of~ce, as ~
such, and his a their assi~s, ffie principel sum of ~iLLVE THOUSAND 8nd no/104- -
- - - - - - - - - - - - - - - - - - - - -
with interest from date at the rate of six ~ three-fourths Dollacs (~1~ 00 . 00 ~
unp sid balance until aid. T!?e asid P~'~atum ( ~o) per annum on the ;
~ p' principal snd intercat. ahwll be payp ble st the Qflicc of the L~uan Gusranty ~
a~s
O@icer, Veteraas Adm~aistration R~gional O~ce~ in St. PeterBbur ~ Ftorid8 , or at such
otQhTer^ lace as the holcler may d~/~~/~~~~~te in writ,ing delivered or mailerl to the ebtort
in mont!hlQ~j na menta oi
' ~iJ.V~~~o and 91L~VV 8~ ~ ~ • ~ ~ ~ ~ ~ ~ w ~ ~ ~ ,M~S~ ~i V~~~
oommencing on the 27th d•y oi February ~ 196~ ~ and oontinuing on the
27th day of each month thereatter until this note ia fuUy psid~ exoept Lh~?t, if not eooner
paid, the Snal payment of principal ~nd i~terest ehsll be due aad payable on the 27 th day ot
January , 1994.
Pr'ivilege is reserved to prepay st any time~ without premium or fee, the entire indebtednes~ or any part
thereof not less than the amoutLL of one inat~ellment, or one hundred dollana (t10Q.00)~ whichever ia less. Aay
prepayment made on other thua an instmllment due date will not be credited until the next followinR inatallment ~
due date.
If any deficiency in the psym ent of eny inataUment under this note ia not msde goocl prior to tt~e due dste '
of the next such inatailment~ the entire principal sum and ac~:rued interest shall st once becwme d~e and pay- ;
~bte ~vithout notice st the option of the holder of thia note. Failure to exercise thia option ahall not oonatitute ~
a wsiver oi the right to exemise the same u? the event of any aubeequent default. In the event of defsult in the
payment of thia note, and if the same is oollected by an ~ttomey st l~w~ the undersigned hereby ~gree(s) to ~
pay sil costs of oollection, including a reaeonable attorney's fee. 4
This note ia given for purchase money of red estate and is eecured by mortgage to secure debt ot even
date her8with, given and delivered by the underaigned t~o psyee on certain real property deacnbed t6erein. ~
Preaentment, pmtest, iu?d notire sre heewby waived. ~
_
State Documentary Stamps in the /s/ RICHARD L. SHARP `
- IBEAL~
amount of $18.00 attached to -~ticfiard~'~: Sfiarp
,
original and canceled. ~S~ J• SHAR~' '
s~,+ '
Sarah J. S~arp
ISEALJ
,
. f
' IB~ALJ ~
And ahall dulg, promptly, uid fuIIy perform~ diacharge. eaecute~ effecC, camplete, snd ooraply wich and
abide by each and eve the aupulstions~ agreements~ condit~ons, }nd oovenants of Ssid mmieso note and
s ~p ry
of this mortgage, then ' mortgage and the eatate hereby created ahall ceaee aad be null and void.
The Mortgagor further oovenants sa folloNrs:
1. That he will p~y the indebtedness~ ~s hereinbetore provided. Privile~~e is reserved to prepay at any time,
without premium or tee, the entire indebtedness or any part ~of not less thsa the amount of one instaliment,
ar one hundred dollara (=100.00)~ whichsver is leas. Any prepayment made oa otber tLan m inatallmen~
due date will not be credited until the neact following inatsllment due dste. ~ ~
2. In order more tully to pmtect the security of thie mortgage, the 1lortgagor,, together with, and in addi-
tion to~ the monthly paymente under the terms of the note secured hereby, oa the inst~allment due date day of ,
each month until the said aote is fully psid, will pay to the :~iortgagee as iruatee (under the terma oi this '
trust as hereinafter st~ted) the following sums:
(a) A sum equal to the ground rents, ii anp, next due, plus the pi~eminma that Mrill ne~ct beeome due snd
poyabte on po[iciea of fire and ~ther hszard inaurance oovermg the mortgaged property, ptua taxes
and tesessmente next due on the morigaged property (sll ss estimated by the Mortgagee and of
which the Mortgeg~or i~ notified) lesa all suma already psid theretor divided bY the number of montha
to elapee before one mont6 prior to the dste when such~ground rents~ prem~ums, taxes; and asse~-
menta rnll beoome deliaquent, sucl? sums to be held by Mortgagee in true~ to pay saed gmund renta,
premiuma~ ta:es, and apecial aseeesmenta. r
(b) Tbe ate ot the auwunta psyable purauant to subparsgraph snd thoae paysble on the note
secured ereby, shall be pud in a single psyment each month, to be Rpplied to the lollovring items ~
in the ordet stated: 's
(I) ground nnta, tases, asseasrnents, fine, and ot~ hasard insurance premium~: ;
(II) int~eres! oa tbe note secured henby; and 1
~
(III) aawrtisat~oa o! the principa! of said note. ~
My defieieney in tbeamount ot suc6 agg~te monthly payment shall, unlesa made good by t6e biortgagor
prat to t6e due date ot the ne~L such psyment, cunstitute an event o[ de(autt under thia mortgege. At
M~'s option, Mo~ vrrill pay a"Lte charg+e" twt excxeding four per centum (4%) oi any inatall-
ment w en pa~d mors t6an lteea (15) d~ya siter the due d~te tbereof to oover the extra expense involved
in handling detinq uent payments, but such "l~te c e" a6a11 not bepa
ytble out oi the proceeds ot unp s,ale
made to satisty the indebtedness secured Le~+eby, u suc6 pcooeeds ~re ~u~cient to dtsch~rge the entire
indebtedneN and alt proper c~ost~ aad espeoses iecuted hereby.
3. It the totwl oi the p~ymenta m~de b~the MortRa~or under (a) ot para~traph 2 pn~cedinR sha11 exceed tbe
ar~wunt o! paymenta actuaAy mide by tbe . iortgsgee, as trustee tor qround renta, taxea and ~aeessmenb, and
~nsurance premwma, aa the case may be, such exceM shall be credite~ on eubsequent p~ymenta to be made
by th~ tiort~~or tor auch itema or, st ~tort.~ee's option, ss truatee ehall be refunded to ~LortscaRor, i(,
howe~er, suc tnonthly pavments ahall not be svfficient to pay su~h it~ms when the,a4n~ ~~?ecome due
and payabl~, then the ~1ort~tu~o~ ehall psv ~ the ~tortR~ee ue tru~trr any •moun! n~~ary to mske up
~~115 ~ci481
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