HomeMy WebLinkAbout0312To AAra AND'ro HOLD the name, to&e~ther with all and singular the tenements, hereditaments and appur-
tenances thereunto belonging or in anyw~ae appertaining, and the reversion and reversions, remai ~ Qt re-
mainders, and also all the estata, right, title, interest, homestead dower and riggh_~.Q dt r; ~pacl~ ate
poeaemion, claim and demand whatsoever, as well in law as in equity, of tho said 1Ko~ gol~ and to a same
and every part thereof, with the appurtenances of the acid Mortgagor in tnd to the same, and ovary part an~
parcel U~ereof unto the said Mortgagee In lee simple.
The Mortgagor hereby oovenanta with the Mortgagee, that he is indefeasibly seized of said land in fee
simple or such other estate, d any as is stated herein; that he has full power and lawful right to convoy the same
as aforesaid; that the land is free ~rom all encumbrancos except as herein othecwiae exited; that said Mortgagor
will make such further assurances to prove the aforesaid title to said land in acid Mort{tagce as may be resaon-
abl rreeqquired, and that said Mortgagor does hereby fullyy warrant the title to said land, and every part thereof,
ar-~will defend the same against the lawful claims of all persona whomsoever. -
1?xOYIDED ALNAYa that it the Mortgagor shall pay unto the Mortgagee that certain promissory note, of
which the following is a substantial copy, to wit:
i 11,850.00 AuorstP#erce 69, Florida.
Su , 19
FOR VALUE RECEIVED, the nndersigtted promises) to pay to the order of the Administrator of
Veterans' Affairs, as Officer of the United States of America, sad his successors in each office, as
sudt, and his or their assigns, the principal snm of ELEVEN THOUSAND EI(;DT HUNDRED
FIFTY and no/100- - - - - - - - - - - - - - Dollars (s 1~, 850.00 ),
with interest from date at the rate of seven and One-half per centum ( 7 %) per annum on the
unppaid balance untU paid. The said princippal and intrrcat• shall be payable at the oflicx of the Loan Guaranty
OB'icer, Veterans Administration Regional Ofhco, in St. Petersburg, Florida , or at such
otherp lace as the holder ma d ate in writing delivered or mailed tot a debtor in monthly installments of
EIt3HTY-SEVEN an~ 5100- - - - - - - - - - - - - dollars (s 87.58 ),
~~„m,cng on ~ 18t day o! September , 1969 ,and ooatinuing on the
let dt-y of each month thereafter until this note is fully paid, except that, it not sooner
paid, the final payment of principal and interest shall be due and payable on the is t day of
Au st 1994.
PrivUe~ge ra reserved to prepay at any time, without premium or fee, the entire indebtedness or any part
thereof not less than the amount of one installment, or one hundred dollars (1100.00), whichever is less. Any
prepayment made on other than an installment due date will not be credited until the next following installment
due date.
Ii any deficiency in the pa ant of any installment under this note is not made good prior to the due date
of the nert such installment, the entire principal sum and ac~:rued interest shall at once become due and ~ay-
able without notice at the option of the holder of this note. Failure to exercise this option shall not oonst<tute
a waiver of the right to exercise the same in the event of any subsequent default. In the event of default in the
payment of this note, and if~ the same is collected by as attornoy at laar,~the'~uaderaigned hereby agree(s) to
pay all costs of collection, including a reasonable attorney's fee.
This note is given for purchase money of real estate and is secured by mortgage to secure debt of eves
date herewith, given and delivered by the undersigned to payee on certain real property described therein.
Presentment, protest, and notice are hereby waived.
State Documentary Stamps in the /s/ LARRY W. NEWBERN ------------- (9EALJ
amount of $17.85 attached to Larry W. Newbern
original and canceled. ~ /_s3/___AIiAH__Ma__IJ~1_$i:RN______________ [eEALJ
Deborah M. Newbern
---------------------------------------------------------___ (BEALJ
•-------------------------•------------ [BgALJ
And shall duly, promptly, and fully perform, discharge, execute, effect, complete,. and comply with and
abide by each and every the stipulations, agreements, conditions, and covenants of seud romieaory note and
of this mortgage, then this mortgage and the estate hereby created shall cease sad be null and void.
The Mortgagor further covenants as follows:
1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time,
without premium or fee, the entire indebtedness or any part thereof not less than the amount of one usetallment,
or one hundred dollars (1100.00), whichever is leas. Any prersymeat made on other than as installment
due date will not be credited until the next following installment due date.
2. In order more fully to protect the security of this mortgage, the Mortgagor, together with, and in addi-
tion to, the monthly payments under the terms of the note secured hereby, on the installment due date day of
each month until the said note is fully paid, will pay to the Mortgagee as trustee (under the terms of this
trust as hereinafter stated) the following sums: - ~ - - -
(a) A sum equal to the ground rents, if any, next~due,~plua the premiums that will next become due and
payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes
and assessments next due on the mortgaged property (all as estimated byy the Mortgagee and of
which the Mortgagor is notified) less all sums already paid therefor divided by the number of months
to elapse before one month prior to the date when such ground rents, premiums, tixes,:and assess-
ments will become delinquent, such sums to be held by Mortgagee is trust to pay said ground rents,
premiums, lases, and special assessments. .
(b) The aggregate of the amounts payable pursuant to subparagraph (s) and those payable on the note
secured hereby, shall be paid in s single payment each month, to bbee applied to the following items
in the order stated:
(I) gronnd rants, taxes, assessments, fire, and other hazard insurance premiums;
(II) interest on tLe note secured hereby; and
(III) amortization of the principal of said note.
Any deficiency in the amount of such aggregate monthly psgment shall unless made good by the Mortgagor
ppr~ior W the due date of the next such payment, constitute an event o~ default under this mortgage. At
Mortgagee's option, Mortgagor will pay a "late charge" not exceeding four per centura (4%) of any inataU-
ment when paid more than fifteen (15) days after the due date thereof to cover the extra expense involved
in 6sndling delinquent payments, but such "late charge" shall not be payable out of the proceeds of any sale
made to satisfy the indebtedness secured hereby, unless such proceeds are suflcient to discharge the entire
indebtedness sad all proper costs and expenses secured hereby.
3. If the total of the pa sets made by the Mortgagor under (a) of paragraph 2 preceding shall exceed the
amount of payments actually made by the Mortgagee, as trustee for ground rents, taxes and assessments, and
insurance premiums, sa the case may be, such excess shall be credited on subsequent payments to be made
by the Mort,~agor for such items or, at :t'Iortgagee's option, as trustee shall be refunded to Mortgagor. If,
however, such monthly payment8 shall not be sufficient Lo pay such items when the same shall become due
and payable, then the ;Mortgagor shall pay to the Mortgagee as trustee any amfi ~r~i neoesddt'y to make up
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