HomeMy WebLinkAbout0290 it~.~I ~~1~11,'E Cy~~ .
TO HA~R AlfD 1~0 HOLD W1e stRle~ tc~e~thMc ~vi d aing~H!?~' tenemerll,,l~~~la~~~Puti :
tenan~ thereunto Mlot~gi~g or in anyw~se appe~taining, ~nd the reveraion snd .c~~~ ren~ ro-
mainders, and aU the est~to~ righ~, title, ~nterest, homeatead. dower ~d ri t o owec~ sepuy?te estal,e,
u?
posseseion, claim iu?d demand whataoe~e~, as weU in 1~~r u in equity, of tha s~?id ortg~g~or in and to t~!?e sams _
and every pu~ th~reof, MriLh tha appu~lenanoos ot the aid Mortg~gor in and to the same~ and overy part ~nd
parcel then+ot unto the ssid Mortgagee in tee ~imple.
The Mortgsgor hereby oovenants with tho MortR~ge~~ ~het he is indeteasibly sei~d oi said land in fee '
simple or such other estate~ d anv. as ia atated heroin; t,hat he hus tuU power ar~d tawiul right to oonvoy ~the same ~
ae atoresaid; tha~ t~he land i~ !ne irom all eacumbnaoes e~ccept ~a he~ein othecwise recited; th~t said Mottg~goe
wiU make such turther ussun~aces to prove the atorosaid tide to a~id laad ia s~id MortR~oe as m~y be reaeoa-
abl req uired~ ~nd th~~ asid Mortgagor does hereby iully warran~ t~he f3tle b e~icl 1Rnd, i?nd every part theceot~
aa~wilt defead tha sune t the lswtal cl~ims oi ~Il e
agains persuns rvbomsosver.
Puo~naEa ALweYS tha6 ii fhe Mortg~go~ sb~p psy uab tbe Moregag~ee th~t oect~i~ promiseory note, ot !
which the iolbwu~ is ~ subtantial coPy~ to Mrit:
= 11, 050.00 Apri1~25 pie
1~ 69.
FoR VAi.UE RECEIVED, the nndersi~ed promise~s) tc pay to the order of the Admimstcator of
Veteraas' A~{a~$, au Officer of the United States of America, aad his successors in such office, as
snch, aad 6is a ffieir assi~s, the pciucipal snm of B~LEVSN THOUSAi~ID gIgTY ANp
00/100-------------------Dollar
$(~l . 0.00
wich int.ereat iroaa d.te ati ~ha rate oi seven & pne-half per centum ( per wnum on the
un_paid balancs until paid. The said princa and intPres4 ahRll bepa
yable ~t the o~c.c o~the Loun (3usrsnty
(~oec. Vet~er~we.Adnainiµntion Begios~~ ~i~e, in St. Petersburq , Florida , or st such
ot~her plaos as the holder mi?y d~~te iu wri{~ing delivered or maile~l to t~e debto~ ia uwa~ iast~Uments of
e n and 27/100 ~i ' 27 ~ ~
o~~i~ d~ ~ 2~ ~ "diy' oi ~ - - - - - - ~ 1$'~q , aad oontinuing on the
2 ~ of e~ch month ~hereatter w~til thia note is fully p~; except thw~, it not sooner ~
P~, tbs~ payment of pria~apal aad interest s6a11 be due aud p~y~ble on the 25tt~ day of !
April 1999. - ` ' ,
Privilegs 7e reserved to pnpay at sny time, ~rithout premium or fee, the entire indebtedneae or any part
thereof not lees thm the aanount of one inatallment, or one hundred dolls~s (i100.00)~ ~rhichever is less. My ~
pnpaymenf made on ofher thrun sn installment due date will not be credited until the next foltowing instaUtaent
due date. .
Ii any deficiency in the paym
ent oi any inataUment under this note is not made good prior to the due date
oi tLe nez~ sueh installment, the entire pru?cipal sum aad ux:rued interest shsll s~ once beoome due and ~sy-
able without notioe at the optioa oi !he holder of this note. Failure to euercise thia option ahall not conatatute
s waiv~ of the right to exerciee tLe same ia the ev~t of any subeequent default. ~ In tLa event of default in the ~
p~ymeat of this note, and if the same is oollected by an attorney at lsw, the undereigaed hen?by agree(s) to
P~Y all eoata of collection, including a reaeonable sttorney's fee.
T'6is note is given for purcLase money oi real ~stat~e aad is secured by mortgsge to secure debti of evea
date henwith, given and delivered by t~e undersigaed to payee~oa cert,ain real property deecribed therein.
Fe+esentmeat~ prot~st, ~nd not~ice are hereby waived.
,
/s/__~tobn._F ~_IlaLciB--•-------:---•------------- [as~L~ .
. ($16.65 Documentary Stamps John F. Davis: -
affixed to original note /s/__ ~ar~l.,7ay__Dauis_________________________ (s~~.]
and canceled.) Carol Joy_ Davis
IBSAL~
; ~6EAL~
E Aad shall duly, promptly, and fully perform, diacherge, ezecute. etfect, complete, aad comply with aad
~ abide b~ esch and every ~the stapulstions, sgreementa, condit~ions, and covenants oi sud~ pmmiseory note aad
of this mortgage, then this mortgage and the estate hereby created shall ceaee and be null and void.
The Mortgagor furthe~r oove~anta ae follov_ra:
1. That he will psy the indebtedneas, a~ heninbeton pmvided. Privile~e is reeerved to prepay st any time,
wit~wut pnmium or lee, the e~tiro indebtednesi or anp"~art tlwreof not less than the sa~ount of one inataliment,
= ar one hundred dollars (ilAP,OA)~ whichever i~ lees.- AnYp~ 1~Y~t m~de an ot6er tban ~n iastaUmeat
due date will not be credrted uat~ the.nezt iollo~riAg,instaliment~due dste. _ ,
2. Ia order more fully_to pmtect the securiLy af this mortgage the Mort~a~or, together with, and in addi-
tion to, the moathly payme~tts nnder theZerala of the note secuce~ hereTiy~ bn tlie installment due date day of
each month unW the asid note is fully paid, ~vill psy to the Mortgagee as truatee (under the terms of this
trust sa hereina(ter ate?ted) tbe follorving aums:
(a) A sum equ~l to tLe ground rents~ if anp, neut due, plus the premiums t~ut wiU nezt beoome due aad
p~yable on poGcies of fire and otb~er hasard inaurance oovenng the mortg~ged pm~perty, plus taxes
and aaeeasmenta neut due on t6e morcgaged rnperty (~Il as estimated-by the Mortgagee and of
m
wLicd the Mort~g~or is notified) leas all suwa a y pud theretor divided bl the numher of months
to el~pse bet~+e oae month prior to the date ~rhea such~gronnd rents, pe~eacuums, taaces, and assess-
• ~aeats will beaoms ddinquent, sucb sams ~o be beld b~ M~rtgagee in tcnst to pay said growKi i+ents,
~ Pnmium~. taare~, a~d speaial a~eee~ment~s. ~
e
_ (b) Tbe te oi tLe amounta payable gursuant to aubparagraph aad t6ose psyable on tha nots ;
~ ~ecured enb shaU be paid in a single paymeat each month. to be appliad to the following it~as
~ in fbe orde~ stited:
(n B~+uund raata, tase~, assesam~nta, fin, and otl~ has~rd ~nsurance premiums;
(I~ interest on tLe note seeured hereby; ~nd
~I) ~ P~PV ~ ~1~~• ~'even & one-half
Any de6ciency ia t6e amount of suc6 aggngate monthl~ p~ya~ent made good by the Mortgagor
pr~ior to ~e due dat~ oi the nexb such ~rment oonstitute an even o defaulc under this mo
r_tg~g~~ At
~ M s o
plion. M ~will p
a
y ~•Iste c~ a r
g~
e~• not exoeedi of any inst~sU-
ment~w~n pud mora ~~sa ~fteea (15) d~ys Jter !6e due dat~e thereof b cover ~he e~tra e~~pense involved L°.~
ia L~ndling de uea~Lpa
yments, but such "latec~a~e " s6sU twt bep~
yable out oi t6e p~~xeds of an sale----
made ~o satia[' !be indebtedness secured l~, l~nk~ surL prooeeds ars suff~cieut to discharga the e~ntire
~ inciebtedner and sU proper oosts aad expea~es ~atted Le~+eb~. ~
3. tt t6e iotd ot tbe payments mi?de bp _tbe Mortgagor under (a) ot psragraph 2 preceding sh~ll eaceed the
unount of p~yrnet~ts actually made by the ~iortg~~gee~ as trustee tor ground rents~ tues aod aeeeesments, and
inatrance prem~uans, as the caee may be, auch exc~as ehall be credited on aubeequent payments to be made
by the Mo~s~or for such items or~ •t Mortg~ee's opwon, as trwtea shall be retunded to yiortRs~or. It,
' however, wcL monthl,pa
yments shall not be w~'ieient Lo pay auch itema when the eame ahatl become. dqe,,
and pa~~bk. then the ~fortgagc~r shall psy b the M txustee sny ~muaat aeceesar~ to tnak~ up
~OOK PN61~~ IiW ~
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