HomeMy WebLinkAbout1681 TO HAYE AND TO HOLD ~}Ie 8Alile~ t~ther with all snd sin~n,lar the tename~t,s~,~e~ita ppur-
tensnc~es thereunta Mlongi~g o~ in anyw~se ~ppectaining, and ~hR reversion aAe~ ~e~e~"~
insinders~ and also sll the eatatc. right~ title~ interes6~ l~omeatcad~ do~ver snd ~i ~ht wer, se a N e es~ste~
poes~?ssion~ claim ~?nd demand whataoever, as well iA law as in aquil,y~ of tho s,?iJ ~o~tgsgor in an to the same
and every pur~ thcreof. with the ~ppu~tennnces ot fhe said Mortgsgor u? and to ~he same~ und ~very part Rn~ ~ ~
parcel U~ereof unto 1.he said Morig~gee in [ee simple.
The Mortgagon c~reby ooven~nts with tho Mortg~?, th~t he is indP~pasibly seised ot said le?nd in fee ~
simple or such olher eat,ate~ if any, aa i~ at,aled herein; ~1~ot he hua [ull poMrer 4nd luw~ul right to convoy ~tho same j
as uforesaid; thut the lapd is lcee trom all encumbra?nces except e~s herein otbetwiae recit~ed; thst asid Mortg~g~or
will m~ice such further assuri?ncea to prove the aton~said titae to said land in ai?ici Mort~gce as msy be reason-
ablyrequired. ~nd th~t~ said Mortg~gor does heceby fully warruat the tade to suid la~d, und every psrt theroot,
and will de[end the same against the lawtul claima ot all persons whomaoever.
PROYIDED ALWAYB 1~lat it the l~iortgagor ahi?11 pay unto the Morl~.*e that cectain promiasocy note~ ot
which the following is a substantial copy, to wit:
= 16,900.v0 Fort Pierce ~ g~orida.
July 2 , ts 69
FOR VALUE RECEIVED, the undersig~ed p~+omise~s] to pay to the order of the Administrator of
Veteraas' Affairs, an Officer of the Uaited States of America and his successors in such of~ce, as .
such and hi oc their assi~ns, the principal sum of SI~TEEN 1'ROUSAND 1~1INE H[JNDRID
an~no/1~0------------------Dollars(~16,900.00
with intereat from dste at the rate of seven bc One-h81f per centum ( 7~ ~Jo) per annum on the
u_npaid balsnce until paid. The asid princi~
pal and intPrcat• shell be payable at the officc of the Lot?n Guaranty
O~cer, Veterans Adminiatcation Regional O~ce, in St . Petersburg , FloY'id8 , or st such
other place ss the holder mi? d ~te in writin de ivered or mailed to the debtor ia monthl ~1 cnts oi
ONE HUNDRED TWfEN~-F~1R $nd 8~f 1~0- - - - - - - - -~ollara (s S~
oommer
~cinQ on the nd day ot August , 196 , and oontinuing on the k
"Lt1tl day ot ea~ch month thereait,er until tbis note is tnlly paid,e ~oept thwt, if not sooner
paid, tLe fin~l payment oi princa al and interest shall be due and psyable on the lnd day of
July , 19~4.
Privile~e is reeerved to prepay st any time, without premium or fee, the entire indebtedness or any part
thereof not lesa than the amount u[ one installment~ or one hundred dollats (t100.00)~ whichever is less. Aay
prepsyment made on otber thun u? installment due date will not be credited until the neat following inatallraent
due date.
If any deficiency in fhe psym ent of sny instaUment under this note is not made good prior to the due date ;
oi tLe nezt such installraent~ the entire principal sum and ac~rued-interest ahsll st once becwme due and piy-
~ble without notice a~ the option of the holder of this note. Failure to exercise this option ahall not consutute
• waiver of the right to exemise the same in the event of any subsequent defsult. In the event of default in the
paynaent oi this note, snd i! the same ia coUect~ed by aa attorney st lew~ the undetaigned Lereby agree(s) to
psy all ~wsts of collection, including a reasonable attorney's fee.
This note ia givea for purchase money of real eatate aAd is secnsed by mortgag~e to secure debt of even
date herewith, given and delivered by the underaigned to payee on cert,ain real property described therein.
Presentment, protest, end notice are henby waived.
/s/ MARION F. McMULLIAN
- - - - IBEALJ
Marion F. McMullian
_~~I__AiA71J.ua~_ M~ald1J~,L~`--------------- ISEAL~
Annette McMullian
' I8£AL~
;
~ IasnL)
f And s6a11 duly~ promptly, snd tuqy pertorm, diacharge~ execute, eBect, oomplete,. and oomply with and ~
; abide by each and ever the atipulations~ agreements~ conditions, and coven~uta oi sud miseo no~e and
u ry
~ ot this mortgage~ thea t' mortgage and the eatate hereby crested ahall ceaee aad be n and void.
The Mortgagor further oovenants aa follows:
~ 1. Tlist he wiU pay the indebtedne~, aa hereinbefore pmvided. Privilege is reserved to prepay at anp time,
w~it~?out premium or fee~ the mt,ir~e indebtedness or any part thereof not less than the amoun~ oi one uistallment. ~
E or one hundrad dollaca (i100.00), whichever ia lees. Any prepsyment made oa otLer than aa inst~allment s
due d~ts ~vill not be credited until the next following inatallment due date. ~
2. In order more fully to pmtect the security of this mortgage, the :~iortgaqor, together with, snd ia addi-
tioa to, the monthl paqmente under the terms oi the note secw~ed hereby~ on [he installment due dste day of
each month unW t~e esid note is fully paid. will pay to tbe biortgagee aa truatee (under the tercns of t6ia
truat aa hereinaiter stated) tbe following awua:
(a) A sum equal to the ground reats, i[ anp, nezt due, plua the premiwna that w?iII next beoome due aad
p~y~ble on policiea of fire and otlur hazard-insuraace ooveru~g the mor~ p%perty~ plus tazes
~ and aeseeaments next due on t6e mortgaged properLy (all aa estimsted the ~+Iortgagee and of
~ w?hieh tDe Moctg~gor is notified) lees all sums elresdy paid thereior divided ~Y the number oi mon~ha
~ to el~pea betore ona mont6 prior to t~he dste when suchgrouad nnts, pr~u~ms, taxes~ and aseess-
~ meata will beoome delinquent, such sums to be held by Mortgagee in trust to pay said ground rents,
~ premiums, ta:es, and apecial aeeeesmenta. ~
~ (1~) The af,e of the amounls p~yable pursuant to aubpuagraph (a) and those paysble an the note
secured enby, shaU be paid in a aingle p~yment each month, to ~ applied to the follovring itema
in Lhe order atated:
(I) ~rronnd nnts~ taxea, aesessments~ Sre, wd other hasard insuraace prea4iuma;
~ (IIj interest os tLe note secw+ed hereby; and
{ (III) amortisation of the principal o! said note.
~ Any deficie~y in the smoun~ ~ such aggngate mon~hlv paymenL ahsll unless made good by the 1liortgagor 3
~ pric?r W t6e due datb of the ne~t sue6 payment, constitute an event o~ default under thia mortgage. At
Mortgagee's optioa~ M~ will psy a"late c6arga" not eaceedin~ four per centum (4%) ot any instsll- ~
~ ment w~hen paid moro than iteen (1 S) d~ys aiter the due date thereot to cover the extn eapense involved
~ in h~ndling delinquentpa
yment,~, but auch "late charge" ehaU not beps
y~ble ou~ of t6e proceeds of any sale
made to s~tisty tbe indebtedneas secured bereby~ nniess suoh prooeeds are sufficient to d~sclurge tbe eatire ~
~ indsbtedn~ees aad ~ll pmper oosLa and expei~ses ~ecut+ed 6ereb~. ;
3. Ii the totsl of the paym enta made bp the Mortgsgor under (a) of p~re~raph 2 precedinR ahsll e~ce.ed the
~ emount of paymenta actually made by the `lortgagee, ss trustee for ground renta, taaes snd essessments, snd ~
inwrsnce pn~n~ums, se the case may be, auch exceae ahall be credited on sub~quent psyments to be made
by the viottgagor tor such items or, st ~ioftRagee'e option, se tntat~e aha1) be retundcd to :ltort~a~or. [f,
~ tiowever, auch monthly payments ahell not be sufficient :o pap such iterns i~e11 tl~e'~e ahaq become due
~ and payable, then the ~iort~a~or shall pay to the ~iort~e~;ee as truatee any smount neceasar W make up `
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