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TO AAYE AND TO HOLD ~1e ~[[le~ to~ther with al! and eit~ula~ the teaementa, hereditame~ta ~nd ~ppuF
Len~noes the~unl,a ~longing or in ~u?yvr~se aQpeHaining~ ~ad the reversion and revccaions, remaindec or re-
mainders, and aleo sU the estato. right, Wtle, tnteres~, homeaLoad, dower and ri ?h1, ot do~r~eU~~ ~
poosoaeion~ claim ~nd dem~nd whateoever~ as well in l~w u in oqui6y, oI the anil ~o~tgs~ai e
aad every pu~ th~~eof. with the ~ppurtenunces oi the said Mortgagor in and to the aurne~ aad every put ~n
parcel tlureot unto tbe s~id Moctg~gee in fee simplo.
The Mortgag~r het~eby ooven~nta with tho MoM{~~gee~ ~hst he is indeteasibl~r aei~d oi said land itt fee
simple or such othe~ estat~et tf any ~s i~ at,ated heccin; ~hat he hus tull power and lavrrtul r~'
l?t to oonvoy ~~l?o same
~s +~foreaaid; Lh~t~ tha land ~s free ~t~om sll encumbraaoos except ~a herein otherwiae recitsd; that s~id Mortgagor
will mske such further assuraaces to prove the ~foro~said title to aaid l~nd in si?id Mort{~Agoe ~s m~y be reason-
~b~ynq uired~ and t6~t ssid Mortgagor doea hcueby lully warran~ the ude to suid land. and evocy parL thereof.
and ~vill detend tl~e same against the lawful claima ot all persons whomsoever.
Paovinr,n ALwaYS that if the Mortgagor shell p~y unto the Mo~tg~gee tha~ aectain pmmissory note~ of
wluch tbe following is s wbst~ntial coPY, Fort Pierce ~ Ftorid~.
= 11,050.00 ~y 15 ,i9 69
FOR VAI.UE R6CEIVED~ the undersi~ed pcomise~s) to pay to We ocder of the Administcator of
Veterans' Affairs, aa Officer of the United States of America, and his successocs in snch office, as
sach, and 6is or their assi~s, the principel sum of ELEVBN THOi[1SAND FIFTY end no/100
Doilars(~ 11050.00 ~
with intereat ft+om date ati the nte of seve~ct 6c one-hslf per centum ( 7~ ~o) per sanum on the
u~np ud balance until ud. The said rinci ~1 and interes ahwll be pa ab e st the o ce o( t e Losn Quarenty
O~oer, V•ter~ns Administration Regional ~~+e, in ~t . PeLers urg , F~ori a , or at such
other as the hoWer may ~e in writing delivered or ~nsiled ~o the dafitor in mont ms mc~nta of
- (~6 )
~~ity one And ~~~v ~n ~ollara i . ,
oommenca on the 15 day ot JuRe , 19 9, u?d oontinuing on the
1~ d:y ot each month f~hereatter until t,his note is fully paid, except thst, ii not eooner
p~id, the Bn~l payme~t oi principal and interea~ shali be due ~nd psyable on the 15th dsy oi
~!~g ~ 1994.
Priv7e
gye ie reeetved to prepsy at sny time, wit6out premium or fee~ the entire indebtednes~ or sny pert
theraui not lees than the amount o! one inataUment, or one hundred doUars (t100.00), whichever ia lesa. Any
pnp~ymenEmade on other thsn an instsllment due dste aill not be credited until the next following instalimeat
due d~te.
Ii any deficiency in the paym ent of any inatallment under this note is not made ~oocl prior to the due dste
of the nert such installment, the entare princapal sum and acx:rued interes~ shull a6 once beoome due snd pay-
able ~vithout notioe ~t tLe option of the holder of thia note. Failure to ezemiae tLis option ahall not oonatitute
• wuver of the rigfit to e~cercise the same ia che event ot any subeequent default. In We event ot defsult in t~e
psymeat oi this note, and if the sune is collected by aa attoraey at l~w, the undersigned hen?by agree(e) to
pay all casts of uollection, including a reasonable sttorney's tee.
This note is givea for pnrchaee money oi resl eatate and is secured by mortgage to secure debt of evea
d~te here~vith, given and delivered by the undersigned to psyee on certain real pmperty deecribed tLerein.
Preaentment, protest, und notiae ue hemby ~rsivecl.
State Documentary Stamps in the ~s/ ARNO~I.D JOSEPH LANE (gEALJ
Arilold Josep~i Lane
amount of $16.65 attached to
original note and canceled. [se~~.]
Martha A. Lane
' IBEALJ
I~ IBEAL~
~
' And ahall duly, promptly, and fully perform, dischsrge, ezecute, effect, complete,. and comply with and
~ sbide by each and every ~the stipulations, agreements, condit~iona, and covenants of as~d~ promissory note snd
of Lhis mortgag~e, then this mortgage snd the estate hereby crested ahall ceaee and be null and void.
Tbe Mortgagor further oovenaata as follovra:
1. That he will pay the indebtedness, se hereinbefore provided. Privilege ia reserved to prepsy at any time,
without premium or fee, the entire indebtednees or any put thereof not le~ thsn the amount of one ~nstallment,
or one hundred dollaza {=100.00), whichever ia less. Any rep~yment made on ot6er tLan aa installment
a
due date wiU not be credited un~il,t~e ne~ct follo~ving ina eat due dste.
2. In order more fully to protect t6e securitiy of this mortgage~ the Mort~a~o ; together with, and in addi-
tion to, the monthlp paymeats under the t~ of the note eecured hereby. on t~he installment due date dsy of
each moath until the eeud note is fully paid, wiU ps?y to Lhe l~iortgagee as favatee (under the terms of this
trust ae hereinatter atated) the iollowing sums:y " .
(s) A eum equd to !hs ground rents, it aay, next due~ plns tLa premiuma tLst w?~1 next become due and
psyable on policies oi fire ~ad other l?uard insunaos oovenng the mor pro~perty~ plua tsxes
and a~sments nea~t due on the mortgsged pmp~erty (all as es~imsted~ythe Mortgagee and of
whicd the Mortgegor is notified) less all sums already pud theretor divided bp the number of months
to elapee befon one montb prior to tbe dste when auchground rents, premiums, taxes~'~d aseeae-
ments wiU beoome deliaqueat, such sums to be held by M~ttgag~ee in ttusi to pay said ground nnts,
Premiums, taxes, and special saeeesmeate. -
(b) ~aag~ega te ot tLe a~mounts piyable pursuant to subpuagraph (a) and t6oee paysble on the note
ncure.~ hereby, ahaD be paid in a single payment each month, to be spplied to the followiug itema
in the order stated:
(I) ground renta, tuea, aesess~nenta, fire, sad other h~su~d ineurancx premiuras;
(II) interes~ on tLe note aecured henby; aad
(I~*) smorGisatiwi oi the principal oi said note.
Any deficiency in t!~ ~mount of such aggngate monthly piyment ahall unleas made g~oo~`~,y t~c Mortgagor ~
prar to tbe due data oi the ne~t, such p~~yment conatitute an event o~ default under thia mort~sge. At ;
Mortgagee'a optioa. Mortgagor vrill pay •'l~te c~arg~e" not ezoeedin6 tour per centum (4%a) of ~ny install- ~
mantiv6en pa~d moce t6sn $lteen (15) d~ys after the due date t6ereof to oover the ext,ra eupeaae involved
ia L~dling dal?'nquea~tp~
ymeate~ but such "4Le charga" ~haU pot bep~yoble out of the proceeds of u?y sale
made to sN.i:fy the indebtedness secwed l~ee~eby, unleas suoh pt~oCeeds ue sufficisnt to discharge ihe entire
irdsbtedae~s ~nd all proper oosts aad eupetNes ~ecured hereby.
3. If the totaJ oi the pa~
ymenta m~?de by the Mortgager under (a) of para~raph 2 precedinR shsll eaceed the
arnount ot p~yments actuslly made by the :liortgagee, aa trustee for ground renta, tsxes snd aseessmeuts~ and
inaurance pr~roums, as the csee may be, auch eacceee shsll be credited ap uh~eq psymenta to be mi?de
by the Mortgs~or for auch itema or, st ~iortgagee'a option, as tnistee ~ be• un ed to :~iort~sgor. If,
ho~verer~ such monthl~+ paymenta ahall not be eufficient :~o psy such itema when the aeme shall beoome due
and p~yabk, then the :~iort~a~or shall psy to the vlort~a~ee as trustee any smount nece~?ry to make up '
s~177 ~~3~~6 ?
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