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Home My WebLink About2921 To A~rs ~Hn ro Hoi.a the suna~ t,o~thec with~~~~u~~~1N'~~p~i?ente, hereditr?mente and appu~- t,enanc~es thereunt,o ~loaging or in onywnse ~ppe~t the a W b~land revecsions, remainde~ or re- ' tuainders. ~nd ~tao i?11 tho eatato~ right, Litle~ ~ntecest; o d~ dower ~nd ri ~ht ot dower, sepnrNte estate~ poascssion, clsim ~nd demand whateoever, as vreU in lav? as in equity, oI tho suiJ ~oct.gugor in snd to the same ~ •nd every p~rt th~reof~ v?ith t.he appuclennncoe of f~ said Morcgagor in sad to the same~ snd overy part und purcel thereoi unto ~he said Mortg~gee in fee simple. ~ The Mortgag~or horeby ooven~nta with tho Mortg~?, 1.l~st he is indefeasibl~? seiwd oi said lsnd in fee simple or auch olher esta?t,e, ~I any as i~ stated heroin; that ha hxa tull power ~nd lawil~l righ~ to convoy ~tho same sa ~fot~esaid; th~t the land is iree ~mm all encumbrancos raccept ~s herein otherwiae recited; tbat ssid Mortgagor ~+ill make such furW~er a~urances to prove the a~toresaid tatle t,o said land in suid Mortgegce as may be reason- ~ sblyrequit~ed, u?d tbRt said Mortg~gor doea hereby tully warr~n~ the utle to asid lsnd. snd every psrt thereoi~ ~ aad will defend tbe ssme agsinat the lswful clsima oi sU peraons ~rhomeoever. ; PROYIDED AL~r~Ya th~t it t6e Mortgagor ah~ll pay unto the Mortg~g~ee lh~?t certain pmmisaory note~ ot which ehe iollow;ng is • subeu?nci.l oopy~ to wit: Fort Pierce ~ Florida. i 17, 500. 00 April 22 •19 69 ~ FOR VALUE REGEIVED, the uadersi~ned promise~s) to pay to tde order of the Admiaistrator of Veterans' Affairs, aa Officer of tl~e Uaited States of America, and his snccessors ia snc6 office, as ~ such, and his or their assigps, the principal snm of SEVENTEEN 1'EtOUSAND FIVE HIINDRED ; andno/100----------- Dollars( 500.00 with interest from dste a~ the r~te of S~X & three-fourths~r centum per snnum on the i-mp aid balsnce until peid. The said principal wd intP~cst~,~i1 be p• ble sL thR pfficx of the Loun (3uaranty O~icer, Veteraus Admu?iatration Aegional ORce~ in SL • Peter~Ltrg, Florid8 , or at such other plx~e as tbe holder m~y desi~?ste in writing delivered or rasiled to the debtor in monthly inatallments of g y , ,~nd continuiag on the oommer~c~'n on the 22IId ds oi ~9 19 ~ll~ "L[tid d~y oi each month theresfter until tbis note is fully psid, except that, ii aot sooner p~id, tbe !'iual payment oi principal ~ad interest a6aU be due and psyable on the 22Ad , day of ~A~ril , 1994. ege is reserved to prepsy at sny time, without premium or fee~ the entire indebtedne~ or eny part thereoi not leas than the amount oi one installment, or oae hundred dollsta (t100.OD), whichever is less. Aay prepa}?ment made on otber then an inatallment due dste aill not be credited until the neat foUowir?g installment , due date. If any de6ciency in the peym ent of eny inatsllment under this note is not msde goal prior to the due d~te of the next such installment, the entire pruicipal aum and acx:rued intereat ahall st once beoome due end pay- sble ~vithout notice at the option oi the holder of this note. Failure to euercise thia option ahsil not oonstitute a waiver of the right to exercise the same in the event of any subsequent default. In the event of defsult in the payment of thia note~ and if the same is collected by an attorney at law, Lhe undereigned hen+by agrEe(s) to psy all coets of collection, including a reasonable attorney's fee. This note is given tor purchsae money of real estats snd ia eecured by mortgage to secure debt of even date herewith, given snd delivered by the underaigned to payee on certain real pmperty deecribed therein. Pnaentment, pmtest~ snd notice sre herRby waived. ~ /s / DEI~SEY M. _ McLAIN ~BEALJ - Dempsey M. McLain . /~g.~ _BAg$ARA-~•-- MST.ATN [B~+ta t Barbara C. McLain (BEAL~ ; I IBEAL~ And shall duly, promptly, and fuUy perform, discharge, execute, e~ect, complete, and comply with aad ~ abide by each and every tbe at~pulations, agreements, conditiona~ and covenants of sud~ pmmissory note and f ot this mortgage, then this mortgage and the estste hereby created shall cease and be null and void. ~ The Mortgagor turther oovenants as follows: 1. 1'hst he will pay the indebte~ne~, as hereinbefore provided. Privilege is reserved to prepsy at sny time, ~vithout premium or fee, the entire indebtednesa or anp part thereof not leas than the amount of one installment, or one hundred dollars (i100.00), whichever is less. Any pr~epsyment made on other tlian an inatallment due date will not be credited until t~he nert following installmeat d~te dste. 2. In order more fully to protect the eecurity of this mortgage, the Mor~r, together with, and in addi- tion to, the monthly psyments under the terms of the note secured hereby, on t e installment due date dsy of each month until the said note is fully paid, will pay to the Mortgages as truetee (under the terma of thia trust as hereinaiter stated) the following suma: (a) A sum equsl to the ground rents, if any, next due, plus the premiums that will next become due snd psyable on policies of fire and other hazard inaurance ooveruig the mor aged property~ plua tsxea ru g and aseessments neact due on the mortgaged pmpe~rty (all as estimated y the Mortgagee and of which the Mortgagc?r is notified) le,ss all sums already pa~d therefor divided bY the number of montha to elapee before one month prior to the dste v~rhen such und rents, premiums, taxes, and assese- um ments wiU beoome delinquent, such sums to be held by ortgsgee ia truat to psy said ground rents, prem;ums, tsues, and apecial asees~nente. (b) Theaggregate of the amounts psysble pursuant to subparagrsph (a) and those psyable on the note secured herebx, ahall be paid in s aingle psyment each month, to be applied b the following items ~ in tLe order ststed: (I) 6round r~nts, tsxes, aeeeesmente, fire, and other hssard inaurance premiums; (II) interest on tLe note eecured.hereby; ~nd QII) amortization of tLe principal of esid note. ~ Any deficiency ia the smount of such sggregsts monthlv pdyment ehall, unlees made g~ood by the Mortgagor ~ pnor to the due datb of the ne~t such payment constitute an event oi default under this mortg~ge. At ~ Mortgagee's option, Mor~a~or will pey s"late c~srge" not exoeeding four per centum (4°Jo) of aay install- ment wfien gaid more than $fteen (15) days after the due date thereof to oover the extn expenee involved in handling delinquent psyments~ but such "late chs~ge" ehsll not beps yable out of the proceeda of say asle made to astis[y the indebtednesa secured her~eby, unleas guc~ prooeede are au$'icient to discharge the entire indebtedness and stl pmper custa and expenses eecured hereby. 3. If t6e total of the pa~yments made by the Mortgagor under (s) of paragraph 2 preceding ahall exceed the amount of paymente actually made by the Mort~agee, as trustee for ground rents~ taxes and asaesamenta, and insursnce premiwns, se the case may be, such eacesa shall be credited~oA ~uDtieqeent paymenta to be made by the Mort~a~or for such items or, at Mortga~,ee'a option, as trustee ahall tie retunded to Mort~s~or. If, however, auch monthl,~ paymenta ahall not be sufficient to •psy such items when the same ahall beoome due and payable~ then the Mortgagor shall psy to the MortRagee as trustee any amount necessary to mske up ~ - ~ . _ - S'~ r,r- r st; ~~:.~~~~~~~~~F'•,' ~ .