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Home My WebLink About0589 ~ TO HA~i AND TO HOLD f,~IC sl1R18~ LoRrther with all und singul~r the tenetnetit~, keradi~s`me~its end appur- ten~~oea thereunt~ leelonging or in anyw~se sPpectaining. and the reversion and revPreions, rem~in~ler or re- ~nainders~ and slso all tho estatr~ nght~ title~ int,e~~st~ homeslcad~ do~ver snd ~i ?ht o[ dower~ sepsrate estats, ' poesesaion, claim iu?d demand whatsoeve~, as weU in !sw es in equitq, ot thu sr?id ~ottgagor in and to the same 1 and every p~rt tliereot~ wit,h the sppurtenancea of the said MortgRgor in and b the s~me, sr?d every part ~nc~ ; parcel ~I?ereot unto the aaid Mortg~gee in fee simple. ~ The Mortgagon c~reby oovenanis w~ith ~ho Mor~gsgee, tl?et he is inde[easibly seiaed of said land in fee simple or anch olher estate~ it ~ny ~s ia staled herein; tl?et he hns fuU power and lawt~~l right to ~nv,oy ~i,ho swme as aforesaid; thut the land is lree ~rom ell encumbruices except~ ~s herein othecwise recit~ed; thst said Mortgagor w~ill mske such further sssurunces to pro~u the aforesaid titte to said lund in asid MortgAgee sa may be reason- ablyreq uired, and tb~t ssid Mortgsg~or doea hereby tully wurut~ the title to suid lar~d, and every psrt thereoi, and wNt defend the same sgsinat the lawf ul cisims ot all peesons whomeosver. Pitoviasa ALw~YS that if the Mortgagor ahdl pay unt~o the Mortgagce th~t certain pramissory note. oi which the loUowing ie s subatantial copy~ t,o v?i~ i 4, 500.00 Fort Pierce , Florid•. September 26 .19 69 FOR VAI.UE RECEIYED, the uadersig~ned pmmise~s) to pay to the order of the Admim strator of Veterans' Atfaurs, an Officer of tlie Ucuted States of America, aad 6is successors in such office, as such, and 6is or their assig~ts, the principal sum of FOUR THOUSAND FIVE HUNDRED and 00/100----------------------------------- Dollars 4,~00.00 with intereet from d~te ~t the nte oi seven and one-half peF oeutum ( 7~ per aanum on the u~np aid balanoe until pud. The ssid principal and intpcca~ ahnll be psyable st the officr ot the Losn Gusrsnty Oifioer, Veterana Administrawon ~tegional 4~ae~ in St a'L1 M' ota ~ or at such 1 th hold ate in writin delivered o~~6~iTetl W~he c~eb~tor m monthly inatallmcnts ot ~~'y~~ire~ ar~~ ~~--------~----------------~---'~ollsrs (i 53.42 oommencang on the 26th day ui October ~ , 18 69, and continuing on the 26th day oi each month therestter until td~ia note is fully paid, except tha~, if not ~ooner P~, the final paymen~ of principai snd interest shall be due and pay~ble on the 26th d~y of Se~~~be ffi'~19~~ ~ p~psy at any time, without premium or fee, the entire indebtedneas or any par~ thereoi not leee than the smount of one installment, or one hundred dollara (t100.00), whichever ia less. Any prepaymenEmade on other thsn an instsllment due date will not be credited until the neat lollow~ng inataUment due dste. If any deficiency in the paym ent of any installment under this note is.not made good prior to the due date of the next euch instaUment, the entire principal sum and aa;rued interes~ ahall at once becwme due and ~ay- ab2e ~vithout notics at the option of t6e Lolder of tLia aote. Fsilure to e~cercise thia option shaU not constatute s waiver of the right to exerciae the same in the event of sny subsequent default. In the event of defsult in the paymeut of this note~ and if the sam~ is c~llected by_ an stto~ney st lsw, `the undersigned hemby , a~ree (s) to pay all coets of collection, inclnding s reaeonable 6ttorney s#ee. ~ This note is given for purchase monay oi real estate and is secured by mortgnge to secure debt of even dute herew~ifh, givw and delivered by tha undeisigaed to payee on certain real pmperty deacnbed therein. Preeentment, proteht~~ lu~d notiM ue ti~by waived. . . . . , _ . ~ s/ _ Richard B Akridge_________________ [sEwL] $6.75 documentary stamps Richard B. Akridqe affixed to note and cancelled. s~_Ev~l~ri__l~a__~~SS3.S~Q~_________________~__ ~gEALJ Evelyn M. Akridge ~ IBEALJ IBEAUJ And shall duly; pmmptly, and fully perforra, discharge, ezecute, eftect, complete, snd comply with and abide by each and everp ~the at~pulstions, agreements, conditions and oovenanta of eaid~ pmmiseory note and ~ of this mortgage, then this mortgage and the estste hereby created aha11 ceaee aad ba null aad void. i The Mortgag~r lurther oovenmta as followa: - i 1. That he will pap the indebtedness, as hereinbefore provided. Privilege is reeerved to prep~y at any time, ~ without premium or fee, the entire indebtedness or any put thor~eof not le~ than the unount of one ~natallment, ~ or one hundred dollus (;100.00), whichever is less. Any pr~epayment made an other than sa inat~aUmeat due date ~vill not be credite~ until the neat fo)lowing inatallment due date. 2. In order more fully to protect the security of this mortgage, the Mortga~or, together with, and in addi- ~ tion to, the monthly paymenta under the terms of the note secured hereby, on t~e installment due date day of ~ each mont6 until the said note is fully paid, will pay to the Mortgagee as tivstee (under the terrna oi this trust aa hereinafter atsted) the following suma: j A sum equ~l to the gcound renta, if anp, next~ due, plus the premiums that vvill next become due snd ~ psyable on policies oi !'ire and ather hazard iasurance coo..ruig the mor aged pr~operty, plus tssea u -and assessments next due on the mortgaged pmpe~rty (all sa ~tirasted the Mortgagee and of which the Mortgagor is noti&ed) le~ all sums already paid therefor divided ~l the number of montha to elapse before one month prior to t~e dste when such_ground rente, prenuums, taxes, and a.gsees- menta will beoome delinquent, such suma to be held by Mortgagee in ttnst to psy said ground t+eats, ~ premiuma, taues, aad ~pecial aeBeesments. . . ~ (b) Thea~g ate of W~e ~nounts psyable pursuant to subparagrsph (s) and thoee payable on the note secured hereby, ahail be paid in s single payment each monGh, to be applied to the follovring it~e?.ma ~ in the order stated: ` (I) Sronnd rents, taxes, aesesacnenta, fire, snd other hazsrd insurance premiums; ~ (II) inter~at on tLe note seevred hereby; ~nd ~ (III) unortiastion of the principal of said note. ~ Any deficiency in the smount of such aggregate monthlv paytaent shaU unlese made good bp the Mortgagor pr_Mr to the due dsUe of the ne~L such psryment, constitute sn event o~ default under this mortguge. At ~ Mortgagae's oPtion, Mo~r vriU psy s'Lte charg~e~' not ezceeding four per centum (4~Jo) of any instal!- ~ ment wfien psid more thsa fteen (15) ds}rs dter the due dste thereof to oover the extra eapense involved ~ in handling deliaquen~ps yments, but such "lste churge" aLsll not be payable out of the proceeds oi sny sale £ made to eatiafy the indebtedaesa secured hereby, unleas such procee~ are auS'icient to diacharge the entire ~ indebtedness and sll propet c~oets and eupenees secured hereby. , ~ 3. If the total of the payments made bp the Mortgagor under (a~ oi paragraph 2 preceding shal: exceed the a~nount of p~ymente i?ctuslly made by the Niortgagee, as trustee for ground rents, taxes and a~8essmeAts, and insuranoe pteimums, se the case msy be, such excesa ahall be credited on subsequent payments to be made by the Mo~r for such itema or at 111ortgagee's option~ sa t~ruatee ahall be retunded to Mort~a~or. If, however, suc mo~thl~? ayments sfiall not ~e sutficient-;,o pay such items when the same ahall bec~ome due eo K and payable, then the ortgagor ahaU pey to the,Mort~agee as truatee any amount necessary to mske up BO;~K ~OV PACE ~ ~~x ~~xr = -