HomeMy WebLinkAbout2570To HAYlS Axu To 130LD the same, together with all and singular the tenements, hereditaments and appur-
tena~ces thereunto Mlonging or in.snyw~se appertaining, and the reversion and reversions, remainder or re-
mainders, and also aA the eslato, nght, title, interest, i~omeatcad, dower and ri}•ht of dower, separate estate,
possession, claim and demand whatsoever, as weA in law as in equity, of the said Mortgagor in and to the same
and every part thereof, with the appurtenances of the said I1lortgagor in and to the ssr~e~apd Query part an~
parcel tl~ereoi unto the acid Mortgagee In fee simple. ~: ~ , ~ 1
The Mortgagor hereby covenants with the Mortgagee, that he ia' i~e~~ibl~ soiled of said land in fee
simple or such other estate, if any as is stated herein; that he has Gdl power and lawtld right to convey the same
as aforesaid; that the land is free ~rom all encumbrances except as herein otherwise recited; that said \iortgagor
will make such further assurances to prove the aforesaid title to said land in said Mortgagee as may be rcason-
ably required, and that said Mortgagor does hereby fully warrant the title to said land, and every part thereof,
and will defend the same against the lawful claims of all persona whomsoever.
PROVIDED ALwAYB that ii the Mortgagor shall pay unto the Mortgagee that certain promissory note, of
which the following is a substantial copy, to wit:
= 16,500.00 Fort Pierce ,Florida.
September 12 •19 69
FOR VALUE RECEIVED, the undersig~ted promise(s) to pay to the order of the Administrator of
Veterans' Affairs, an Officer of the United States of America, aad his successors is such office, as
sudt, aad his or ffieir assigps, the principal sum of SIXTEEN THOUSAND FIVE HUNDRED
and no/100------------------Dollars( 6,500.00 ).
with interest from data at the rate of seven & one-half per centum (~~ %) per annum on the
un~ppaid balance until paid. The said principal and int4rcat. shall be pa able at thg office of the Loan Guaranty
Officer, Veterans Administration Regional Office, in St. Petersburg Florida , or at such
ot~h~e~rplace as the holder ms d ate in t'ng vered or mailed to the c~ebtar is monthly installments of
ONE HUNDRED THI R1'YY-1~0 and~~/ 1~- - - - ; - - ~, ~ollars (s 132.93 ),
commencing on the 12th day of OCtober• i,G.~/~, l~y ,and continuing on the
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 12th day of
Sepptember 1989.1G.9,~'• ~'~"`t
Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedness or any part
thereof not less than the smounL 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 followting instalment
due date.
If any deficiency in the payment of any installment under this note is not made good-prior to the due date
of the next such installment, the entire principal sum and acx:rued 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 b~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, the 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 described therein.
Presentment, protest, and notice are hereby waived.
State Documentary Stamps
in the amount of $24.75 attached
to original and canceled.
/s/ KEITH W. KLINE
-Seib-li-"W-:"-R1ine----------------------------- [SEAL)
/s/- AUDREY JEAN RUNE - -------- [sEALJ
-------------------------------------- -
Audrey Jean Kline
---------------------•-------------------------------------- ISEALJ
-------------------------------------=---------------------- IBEALJ
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 said romissory 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 installment,
or one hundred dollars (:100.00), whichever is less. Any pp~repayment made on other than an 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 rngrtgage, 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. wi71 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 an ,next due, plus 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 by the Mortgagee and of
which the Mortgagor is notified) less all sums already paid therefor divided b7 the numbgr of months
to elapse before one month prior to the date v-•hen such ground rents, premiums, taxes, and assess-
ments will become delinquent, such soma 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 (a) and those payable on the note
secured hereby, shsD be paid in a single payment each month, to be 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.
Any deficiency in the amount of ouch aggregate monthly payment shall unless made good by the Mortgagor
prwr to 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 centum (4%) of any install-
ment when paid more than fifteen (15) days after the due date thereof to Dover the extra expense involved
in handling delinquent payments, but such "late charge" shall not be ppayable out of the proceeds of any sale
made to saliafy the indebtedness secured hereby, unless such proceeds are sufficient to discharge the entire
iadebtedaees and all proper casts and expenses secured hereby.
3. If the total of the pa menu 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, as the case may be, such excess shall be credited on subsequent payments to be made
by the Mortgagor for such items or, at Mortgagee's option, as trustee shall be refunded to Mortgagor. If,
however, such monthly psyments shall not be sufficient :,o pay such items when the rime shall become due
and payable, then the Mortgagor shall pay to the Mortgagee as trustee any amount necessary to make up
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