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To HAYt Axn ro HoLn the same, to~+ther with aU and singular the tenements, hereditaments and appur-
tenanoea thereunto belonging or in any~-nse sQpertaining, and the reversion and reversions, remainder or re-
mainders, and also all the estate, right, title, interest, itomestoad, dower and ri ~i-tjoE dower, s;'Ramat'estate,
possession, claim and demand whatsoever, sa well in law as in equity, of.tho said ~iorttgagor in an to the same
and every part tl~ereoi, with the appurtenancos of the said Mortgagor u, and to the same, sad Query part and
parcel U~ereot unto the said Mortgages In fee simplo.
The Mortgagor hereby covenants with tho Mortgagee, that he is indefesaibl~r seised of said land in fee
simple or such other estate, d say aa;$ stated herein; that he has full power and Iswtlil right to convoy the same
as aforesaid; that the land is free ~rom all encurabrancoa except as herein otherwise recited; that said Mortgagor
will make such further assurances b prove the aforesaid title to said land in said Mortgagee as may bereason-
ably required, and that said Mortgagor does hereby tuAy waonnt the title to said land, and every part thereof,
and will defend the same against the lawtul claims of all persons whomsoever..
PROVrDSD ALwAYB that it the Mortgagor shall pay unto the Mortgagee that certain promissory note, of
which the following is a substantial copy, to wit:
i 9, 500.00 Fort PiercQ Florida.
August 11 ~ I9 69
FOR VALUE RECEIVED, the uadersigtted promise(s) to pay to the order of the Administrator of
Veterans' Affairs, an Officer of the United States of America, sad his successors in such office, as
sudt, and his or their assig~ts, the principal sum of NINE THOUSAND FIVE HUNDRED
AND 00/100-----------------------------------Dollars (s 9, 500.00 ),
with interest from date at the rate of $eyeII ~d one-h~~f Per centum ( ~~%) per annum on the
unpaid balance until paid. The said pnncap an ~ntPrc~st• aha payable at the oflicr of the Loan Guaranty
O<Rcer, Veterans Administration Regional Office, in St. Petersburg, Fla. , or at such
other place as the holder may des~gaate in writing delivered or mailed to the debtor in monthly installments of
___ __
- --------- ---P------------- Uars(i ).
Sa~~mxnc,ng one 431}f.Fi day o~ Se tember 1969 ,and co~i~iiiwng on the
11th day of each month thereafter until this note is fully paid, except that, if not sooner
paid, the final payment of principal and interest shall be due and payable on the 11th day of
Au~s~, , 1999. ~
Pri age is reserved to prepay st any time, without premium or fee, the entire indebtedness or any part
thereof not less than the unounL of one installment, or one hundred dollars (1100.00), whichever is less. Any
prepayment made on other than an installment due date will not be credited until the next following installment
due date.
It any deficiency in the pa ant of any installment under this note is riot made good prior to the due date
of the next such installment, the entire principal sum and accrued interest shall at once become due and pay-
able without notice at the option of the holder of this note. Failure to exercise this option shall not constitute
a waiver of the right to exercise the same in the event of any subsequent default. In the event of default in the
payment of this note, and if the same is collected by an attorney at law, tl-e undersigned hereby agree(s) to
pay all costs of collection, including a reasonable attorney's fee.
This note is given for purchase money of real estate and is secured by mortgage to secure debt of even
date herewith, given and delivered by the undersigned to payee on certain real property descnbed therein.
Presentment, protest, and notice are hereby waived.
---s/•--Walta~ -~r--R~chesca~,.~r-~----- ISEALj
Walter E. Richeson,Jr.
---6~--DD~~$-~.--•F~3.-Eh@SQn---------------- IBEALJ
Doris M. Richeson
------------------------------------------------------------ IBEALJ
-------------°----------------------------------- [6EALl
And shall duly, promptly, and fully perform, discharge, execute, effect, complete, and comply with and
abide by each and every the stipulations, agreements, concLtiona, and covenants of sa-d romissory note and
of this mortgage, then this mortgage and the estate hereby created shall cease and 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 anp time,
without premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment,
or one hundred dollus (1100.00), whichever is less. Any prepayment made on other tLan an installment
due date will not be credited until the neat 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 bortgagee as trustee (under the terms of this
trust as hereinafter stated) the following sums: f
(a) A sum equal to the ground rents, if an ,next due, plus the premiums that will neat become due and
payable on policies of fire and other hazard insurance covenng the mortgaged property, plus taxes
and assessments next due on the mortgaged property (all as estimated b the ortgagee and of
which the Mortgagor is notified) less all sums already paid therefor divided ~~ the number of months
to elapse before one month prior to the date when such ground rents, prenuums, taxes, and assess-
. meats will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents,
premiums, taxes, 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 a single payment each month, to bbee applied to the following items
in the order stated:
(I) ground rents, taxes, assessments, fire, and other hazard insurance premiums;
(II) interest on the note secured hereby; and
QII) amortization of the principal of said note.~SSeven and on~-~lf percent
Any deficiency in the amount of such aggregate monthly payment shall, ilbless made good byte o or ~v i
prior to the due dstm of the next such payment, constitute an event o}~ default under this mortgage. AL ~ ~
Mortgagee's option, Mor~agor will pay a "late charge" not exceeding ~gcR4[~A~ of any instal
meat when paid more than fifteen (15) days after the due date thereof to cover the extra expense involy p
in handling delinquent payments, but such "late cue" shall not be ayable out of the proceeds of any sal ~, {
made to satisfy the indebtedness secured hereby, unless such proceeds are sufficient to discharge the entire
indebtedness and all proper costa and expenses secured hereby.
3. If the total of the pa ants made by the Mortgagor under (a) of paragraph 2 preceding shall exceed the
amount of payments actually made by the :tiortgsgee, as trustee for ground rents, taxes and assessments, and
insurance premiums, ss the case may be, such excess shall be credited on subsequent payments to be made
by the Mort~a~,~or for such items or, at Mortgagee's option, as trustee shall be refunded to Mortgagor. If,
however, such monthly payments shall not be sufficient ;,o pay such items when the same shall become due
and payable, then the Mortgagor shall pay to the ~Mort{~agee as trustee any amount necessary to make up
- aooK 179 ~1U43
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