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Home My WebLink About0240 i TO AAVE AND TO HOLD WIC SA[lle~ t~+~he~ with all ancl pi~p,nae~ ehe tenome~ta~ heraditaments snd appur- tenancrs thereunto bclonging or in anyMnse sppe~taining, y~d ~(e revers~qp~i reversions~ remainder or re- inau~ders~ snd elso e~ll the estatc, ~ight, title~ int,ereat, homestoad~ do~ver un~i Ti ?ht of dower, se arNte estate. e poesesaion~ claim i?nd demand whstsoever~ sa well in Isw as in equity, ot tho sai~~ ~ortgagor in sn t.o the same and evecy p~rt thereot~ with the appurlpn~ncca ot the said Mortgugor in snd to the same~ snd overy part unc~ parcel U?ereot unto t,he ai?id Mortgagee ~n Iee simplo. The Mortgagor hereby oovenanta with tho 1liortg~?, that he is indefesaibly seited of ~aid lsnd in fee aimple or such olhc~r esU?t,e~ if any, sa is ststed hercin; W?at he hNS tull power and I~?w~ul right to convoy ~the same as uforesaid; thst the land is free tmm sll encumbrences except i?s herein oi.herwise recitecl; that said Mortgagor will mske such further aagurunces to prove the tioresaid title to said land in asid MortgAgee as may be rc+ason- ~ ablyreq uired, u?d t]~at said Mortgsgor does hcreby fully wutaat the title to said Iwnd, and every psrt thereoi~ and wil! defend the same sgainat the Iswful clsima ot sll peraona whomsoeve~ Psoviagn ALw?~YS thst it the Mo~tgegor shi?11 p~y unto the Mortgwgee ths6 certain promissory note~ oi ~ which the following ie ~ subatanti~l copy~ to wit: ( i 14,800.00 Fort Pierce ~ Florida. ~ June 6 .19 69 FOR VAI.UE RECEIVED, the undersig~aed promise(s) to pay to the order of the Administrator of Veteraas' Affairs, aa Officer of the Utited States of America, aad bis successocs ia such office, as such, and their assigas, the principal sum of FOURTEEN TH~ISAND EIGHT HUNDRED and no~~~ - - - - - - - - - - - - ' Dollars 14 , 800. 00 ' wich in~erest from date a~ the r.ts oi aeven & one-hslf per centum ( 7~ per annum on the u~~n~paid balance until paid. The said principal and intemst. shwll be ps able st the o cr of the Loan Guaranty O~cert Vet~erana Admiaiatr~tion Regional Offic.e, in $t. Pet~r8~urg Florid8 , or at such other lace as the.holder raay des~gnste in writing delivered or msiled to t~e d'ebtor in monthl instaUm~nta of ON~ Ht1NQRED rTINE d 39/100- - - - - - - - - - - - ~ollars (s ~109.39 commencing og t~ie 6~ day of July , 19 69 , and oontinuing on the _ dsy of each month theresiter until this note ia fully paiu, exeept that, if not sooner paid, the Sn~l payment of p 94pa1 md interest ahall be due and paysble on the 6th dsy of June , Privilege is reserved to prepay at anq time, without premium or fee, the entire indebtedness or any part thereof not lees thsn the amounL of one installment, or one hundred dollars (5100.00)~ whichever ia less. Any prepsyment msde on other then an installment due dete will not be crtdited until the next followin~ instaUment due date. If any deficiency in the psym ent of sny inataUment under this note is not made gooci prior to the due dste of the neut such inatallment, the entire princ~pal sum and aa:rued interest shall at once beoome due snd pay- able without notice s~ the option of the holder of t.his note. Failure to exerciae this option shall not constitute s wsiver of the right to exercise the asme in the event of any subsequent default. In the event of defsult in the payment of this note, and if the same is oollected by an attornoy at lsw, the underaigned hen+by agree(s) to pay all costs of collection, including a reaeonable sttorney's fee. Thia note ia given for purchase money of real eatate and is secured by mortgage to secure debt of even d~te herewith, given and delivered by t6a underaigned to p~yee on certaiu real pr~perty described tLerein. Presentment, pmtest~ and notire are hereby waived. State Documnentary Stamps in the /g/ GEORGE H. F.MERSOiN, JR. ~gEAL amount of $22. 20 attached to -"~eorge -~:-~~ersan, ,Tr: ~ original and canceled. __~S~__VLVRIA_ r.rar.~ON____ _ ~gEALJ Gloria Emerson IBBAL~ i ~8EAL~ ' And ahall duly, promptly, and fuUy perform, discharge, execute, ef[ect, complete, snd comply with and i sbide by each and every the atipulations, agreements, conditions, and covenants of said~ promissory note and ~ of thia mortgage, then this mortgage and the estate hereby created shall cease and be null and void. ~ The Mortgagor further covenanta as follows: ' 1. Thst he will pay the indebtedness, aa hereinbefore provided. Privilege is reserved to prepsy st any time, € withou~ prr,mium or fee, the entire indebtednesa or any put thereoi not lese then the smount of one uistallment, ~ or one hundred dollua (i100.00), whichever ia less. Any p~repsyment mede on other than an inatallment due dste will not be credited until the neut following installment due dste. 2. In order more fully to pmtect the security of thia mortgage, the :~iortgaqor~ together with, and in addi- tion to, the monthly p~ymenta under the terms of the note secured hereby, on the installment due date day of each month until the said note is fully peid, will pay to the :~iortgagee sa trustee (under t6e terms of this trust as hereiaafter atated) the following suma: - (s) A sum equd ~to the ground renta, if aap, next due, plua the premiume thst Nrill neat beoome due snd ~ psyable on policies of fire and at~er Lazud insurance oover?r~g the raortgaged pro~perty, plua taxes ~ and aseessmente next due on the mortgaged pmperty (all as estimsted-by the Morcgagee and of ~ vrhich Lhe Mortgagor is notified) leee all sums elready paid therefor divided bl the number of months ~ to elsp~e be[ore one month prior to the date when such und rents, premiums, taxes, arid asaesa- e ~ menta ~vilt bec~ome delinquent, such sume to be held by ortgagee in trust to pay said ground rents, ~ premiums, taxes, and special asseeasnenta. _ ~ (b) The sggregate of the amount8 pay~ble purauant t~o aubparagraph (a) and those psysble on the note - secured hereby, sh~ll be paid ia a single psyment each month, to be applied to the follow~ing itema ~ ~ in Lhe order stated: t ~ (I) gronnd renta, taaes, aee~smen~e~ Sre, aad other haserd inaurance premiume; ~ (II) intereat on tLe note secnred hereby; and (III) amortiution of the principal ot said note. ~ Any deficiency in the smount ot such a$gtegate monthlp psqment shall unless made good by the Mortgagor ~ pnc?r f,o tbe due dat~ oi the nexe suc6 pa~?ment, conatitute an event o~ detault under this mortgage. At ~ Mort,gagee'a oPtioa~ Mor~q~a~or will ps~ s'bte c6srge" not exoeediag tour per ceatum (4~Jo) of any instsll- ment wfien pa~d more tbwn ~tteen (1 S) dsys after the dus date thereoi to oover the ex~n? eapense involved in handling delinq uentps yments, but such "bte charge" ahall no~ bepa yable out of the proceeds of any sale ~ made to 8atisfy the indebtedne,ss secured Lereby, unless suc6 pro~s ~re su~cient to d~schsrge the entire indebtednees aad all pmpet casts aad expenses ~ecuced hueby. ~ 3. If the total of the paymenta ~nade bp t_he Mortgagor under (a) o[ paraRraph 2 precedinR ahall exceed t6e amount of paymente actually made b~ the Mortgsgee, as trustee [or ground rents, taaes and assessments, and ~ insunnce prem~uma, ae the case may be, such e~cese ahaU be credited on sut~equent psyments to be msde ~ by the ~i r tor such itema or, at I1lortgagee's option, es t,rustee shall be refunded to ~iort~a~or. If, however, a~c monthlv avments shall not be suflicient ;~o. psy such itrms when the same ahali become due ~4r. ~ and payable, then the ~ ort~s{cor shall pny to the ~iort~af;ee as trustee any~ amoltqt neoesssry to muke up ~ °(tCK ~ 1~ P!CE ~.Vt7 - _ ~ t~ - s~ _e._ _ _ v . _ ~ - ~ ~ .