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Home My WebLink About1564 TO HAYS AND TO HOLD `II! 811i118~ to~~t Si~'~I'~~~~n~ lhe tenements, heceditumeate ~nd sppur- icns~crs thereunto Mlonging or in.anywise dp ta~ning~ un ihe reversio~ and revcraions~ remain~lec or re- ~Rainders, and alao sll tho eatate, r~ght, title, ~nt.erest, l~omestcad, dower nnd ri •ht ut dowe~, sepa~xte estate, possession. cl~im snd dem~ad whataoever, as well ia 1~?w as in equi6y. of tho anid ~o~tgsgor in and Lo the same and every part t.l~creot, with the sppurlen~nc~s ot the said I~iortgt?gor u? and to the sume~ Aad overy pert ~nd parcel thereoi unto t,he said Mortg~gee in tee simplo. # The Mortgagor hereby oovenanta wilh tho Mortg~ee, ~het he is indeteasibly sei~d ot suid lsnd in tee ! simple or such othcr estate, ~t any, i?s ia stated hercin; tl~at, he hKS IuU power and luwtul right t~ convoy the sune ' as eforesaid; ths6 the laad is fcee tmm all encumbrances except, Aa hereu~ ot.herwise recitscl; that ssid `iortgagor ~ will make such turther assurunces to provu the ~toreseid title 6o said land 'u? suid Mort~agee as n~sy be roason- ~ ablyreq uired, and th~t ssid Mortgagor dces hcreby fuAy warraat the title to suid land, and evocy part theceoi, ~ ~nd wriU defend the same against the lawf ul claima ot all pereons whomeoever. Pnoviusa AL~r~Ya thst if the ~iortgagor shall pay unto the Mortg~oe cha~ certain promiagory note, ot which the lollowing is a subs~antial copy. to wit: ~ i 10,000.00 Fort Pierce , F~orida. . January 29,1Q69 FOR VAI.UE RECEIVED, the nadersigned promise~s) to pay to the order of the Administrator of ; Veterans' Affairs, aa Officer of the Uaited States of America, aad his successocs in snch office, as such, aad his or their assi~ns, the principal sum of 1'EN THdUSAND end no/l0e- ~ Dollars(~10,000.00 ' with interest from dste at the rate of 81X & three-fourths p~r centum ( ~4%) per annum on the u~np aid balance until psid. The said principal and intemat. ahi?11 be p able at th ofli~~ of the Losn Guaranty O~c$r, Veterana Administcation Regional Ot~iae, in St . Peters~urg, F~orid8 , or at such other pa1cg ~e holder ate in writing deliveted or msiled to the debtar in monthl mcnts of SIX1Y-~INE and`~~~- - - - - - - - - - - - - - ~oll.rs (s i commencing on the 29th day oi February , ia 69 , and continuing on the ~ 29th day oi each month theresiter until thia note is tully pi?id, eacept thst, if not eooner paid, the final payment of principsl snd interes~ shsll be due and pe~y~ble on the 29th dsy oi January , 1941? • Privilege ~s reaerved to preppy at any time~ without premium or fee, the entire indebtedness or any put ~ thereof not less than the amowLL oi one installment, or one hundred dollars (i100.00), whichevcr is less. Any ~ prepayment made on other than an installment due date will not be credited until the next follow~ng installment due date. If any deficiency in the psym ent of e?uy instaUment under this note is not msde good prior to the due dste 4 of the nert such installment, the entire principat aum and ac~:rued intereat shsll st once become ~ue and psy- •ble without notice at the option of the holder of this note. Failure to exercise this option ahall not constituts a waiver of the right to euemise the same in the event of any subsequent defealt. In the even~ of detault in the , payment of thia note, and if the asme is colleated by an sttoraey at law, the undersi~ned hereby egree(s) to pay all costs of oollection, including a reasonable sttorney's fee. This note ia given for purchase money oi real eatats wd is ee.ccured by mortgage to secure debt of even date berewith, given ~nd delivered by the undersigned to payee on certsin real pmperty described therein. Presentment, pmtest. snd notire sre herPby waived. ~ State Doctanentary Stamps in the _~s/ FORREST W. RAY, .TR~-__________ [8£AL~ amount of $15.00 attached to Forrest W. Ray,~ ~r: ~ original note and canceled. '`-$/'-Y~~"}~~~~"`~Y""""""""""' lBEALJ Opal Marie Ray ~BEALJ " ~ IBEALJ ! And shall duly, promptly~ and fully per[orm~ diechRrge, execute~ effect, complete, and comply with and ' abide by each and every the atlpulations, agreements, cond~tions, and covenanta of ssid promissory note and ~ ot this mortgage, then this mortgage and the estate hereby created shall cease and be null and void. The Mortgsgor further covenants sa follows: 1. That he will pay the indebtedness, ss hereinbefore provided. Privilege ia reserved to prepsy et any time, without premium or fee. the entire indebtednesa or anp part thereof not lesa than the amount oi one wstallment, or one hundred doUua (i100.00), whichever is less. My prepayment made on other fhan an installment due date ~vill not be credited until the nea~t following installment due date. . 2. In order more fully to protect the security of this mortgage~ the Mortgagor, together with, and in addi- tion to~ the monthly psymenta under the terma ot the note secured hereby~ on the mstallment due date day ot ~ each month until the ~aid note is fully paid, will pay to the :~iortgsgee ~s trustee (under the terms of this ~ trust as hereina(ter atsted) the following sums: ~ (a) A sum equal to the ground renta, ii any, next due~ plus t6e ptemiuma thst will neut become due and ~ psy able on policies ot fire snd other hazsrd inaurance covenng the inortgaged property , plus taxes and as8essments next due on the mortgaged property (sll as e9timated-by the Mortgagee and of ~ ~?hich the Mortgagor is notified) less all suma already paid theretor divided bl the number of montt~s , to el~pse betore one month prior to the date w•hen suchground rents~ prem~ums, ta~ces, and assesa- ' menta vrill beeome delinquent, such sums to be held by Mortgagee in trust to psy asid ground rents, ~ premiums, t~es, and apecial aeseeemeate. ~ ~ (b) 1'6ea~mg ste oi the unounta payabie pursuant to subparagrsph (a) and those psysble on the note ~ G secured hereby, ahell be paid in a single psyment each month, to be spplied to the lollovring itema ; ~ in the ord~ stated: ~ ~ (I) ground rents~ taxes, aesc~srnenta~ Sre~ snd other hasard insurance premiums; : a (II) interest on tb~ note secured hereby; ~ud ~ ~ (III) amortization oi the principal ot said note. , Any deficiency in the amount ot auch aggregate monthl~? p~ya~ent shsll, unleea made g~ood by the btortgagor ; - pr~ior t,o t!K due d~tb ot t6e ne~ti such payment, constitute an event ot de(ault under thia mortgege. At ~ Mort,gsgee'a opiion, Mortgag~or w ill pay a"li?te cha~e" not eaceeciing Iour per centum (4%) of any install- ~ ment w6en pud moro than fiftcen (15) d~ys atter the due d~te thereof to oover the extn exrenee ~nvolved ~ ia handling delinquentpa yments, but such "late charge" shall not bepa yable out ot the proceeds ot any sale made to aa~isfy the iwdebtedness secured Ler~eby, unleas suc6 praeeda ue sufficient to d~scharge the entire ~ indebtedness and all proper costs aad eupeoses secured ber~eby. ; 3. It the total of the psy menta made bp the ~fortga~or under (a) oi paraRraph 2 precedinR ahall e~ceed the j amount of p~ymenta actuapp made by the ~iorlgy~ee, ae trvstee tor ~ound renta, taxea aod sseessments, and ~ inaunnce pr~miume, ~ th~ caee msy b~, such eaceae sheq be creclited on subsequent papn?entA w be made ~ by th~ ~tottga~cor for auch it~ma or, et uort~ca~~ee'e option, a~ trustee sl~nll be rpfuncled to ~iort~a~or. If, ~ howerer, such monthly psyments ahall not be sufficient~ :o pa~ such it~ms wlien the same ahnll beco~ne due ~nd payable, then th~ ~iort~ca~or aF~~U ps~ to the liort}~aKeP ua trustec~ uny ~~uo~nt tucessary rnake up ~ : aaoK 1~75 1561 ~ _ - - z~- _