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Home My WebLink About0814 ' TO HArIC AND TO NOLD U18 SiIIriA~ t~i?~her with al! und ain~ilR~ the tenettReh ~~~~edit~mee~l8'at~d spputi tenanoes thereunt~ Mloaging o~ in snyv~nse appe~tsining~ und the rc+version ai+d~versiona~ remainder or re- tnaindera, and alr~ all tho estato, righ~~ title, interest, l~omestoad, dower und ri ?ht oi aowe~~ separAle estat,e, poeeeasion~ claim und dem~nd whateoever~ as weU in Isw as in equity~ ot tho anid ~ort,gsgor in snd to the ssme and every p~t tlier+eot~ with the ~ppu~tenencos oi the esid Mortgsgor in snd to the same, und overy pert enc~ parcel thereoi unt,o the said Mortgagee in tee simple. The Mortgsg~or hereby covenanta vri~h tho Mort{Csgee~ I,hst he is indetessibl~r seiscd ot ssid lsnd in fee aimple or suc~other estste~ ~f any, as is ateted herein; W~at he hxs tull power and lawtld right to wnvoy ~tiho some as sioreaaid; st t~he lsad is lree from sll encumbrancoa except ua he~eia othetw~se recited; fhat said Mortgagor will make such further assurunces b prove the doresaid title to said l~nd in auid Mort~agce ~a msy be tcason- ~bl nq uired, and that said Mortgagor dces horeby fully wuraat tha tiue to s~id land~ snd evocy psrt thereof~ an~w?iU defend the same against the t~wful claima oi ~Il persons whomsoever. PROYIDBD ALweYa th~~ ii the Mortgsgor ah~ll pRy unto the Mo~tgsgee thst oertain promissory note~ ot Mrhich the foUowing is s substantial oopy~ to wit: =12, 000.00 Fort Pierce , Fiorida. September 26,19 69 FoR VA1.UE RECEIVED, the undersi~ed pmmise~s) to pay to the ocder of the Administcator of Veterans' Affaics, an OfHcer of the Uaited States of America, aad his successocs ia such of~ce, as such, and 6is_or their assi~s, the principal sum of TWLLVS THOUSAND and 00/100 _ Dollars (~12, 000 . 00 w?ith u,ceres~ irom d•te at the rute of sev~n a nc; One-h-a--1-f- Per centiuu? ~ 7~%) Pe~' uu?u~ on the u^n,,~aid balance until paid. The said princapal and intPrcat aTiu1l be payable at the oflice of the Losn (~usranty l~1CEP~ V6f~CliI18 AdlplAlBLritl011 RegfOAil ORI~~ lil St. Paul Minnesota , or a~ such ot~her pli?ce oa tbe holder may des~gnate in writing delivered or mRi~ed to the debtor in monthly instmllmcnta of , Ei ht - ree a~~ 91/100----------------------- ~ll~s(~ 83.91 comm~c~ng ~n ~e t.h day of Octolier ~ 1969 , and oontinuing on~ the ~ 26th day oi eac1~ month theredter until tbis note is iully paid, exoept thst~ if ~aot sooner , tbe 8aal paya~ent of principsl and interest shsll be due ~ad pay~?ble on tha 2 6 th ~ dsy of Se~ev~be~, 199~ t : . . . ~s reeerv to prepsy ~t any time, without premium or iee, the enttirre indebtednesa or ~ny put e thereof not ees than the amount of one installment, or one hundred dollars (i100.00), whichever ia less. Any prepaymenEmade on other thun an installment due dste will not be credited until the neut following instmllmeat due date. If any de&ciency ia the ps~n ent of any instaUment under this nate is not made good prior to the due dste of the nert suc6 iastallment, the entire princapal aum and scx:rued interest shall et once become due and ~sy- able without notice at tLe option of the holder of t,his note. Failure to e~cercise tbis option shail no~aonatatute a w?aiv~ of the right to eacerciae the sarae in t~e event oi any aubsequent default. In the event of default in t~e paytnent of this note~ and if the ssme is oollected by an attorney at lsw, the underaigned hereby agree(s) to - pap ~11 oosts oi oollection, iacluding s reaeonsble attorney's fee. e This not,e is given for urcLaee money of real eeti?~e and is secnred by mortg~g~e to eecure debt ot even date here~ritb, given and d'vered by the underaigned to psyee on certain real pmperty deecnbed therein. Presentment, pmtest, end notice ~re hereby wsived. -sl--Sd1d11P1_R..°Klll[~Sx...~i-------------- IeEALJ Samuel R. Kingsbury -s~--Eamel.a-A.--.Ringsb~y-------------- [8~+~1 Pamela R. Ringsbury IBBALJ . . ~BEAL~ i ' And shall duly, promptly~ and fully perform, dischsrge~ execute, etfect, complete : wd comply with and ~ ebide by each and every the atipulations, agreementa, condiwons, aad covenants of said~ promiseory nots and of this mortgsge, then this mortgage and the eatate hereby crested shaZl cease aad be null and void. ~ The Mortgagor further oovenants as follows: 1. That he will pay the indebtedness, aa hereinbefore prnvided. Privilege is reeerved to prepay st an~ time, ~ ~vithoqt prnmium or fee, the entire indebtedness or any part thereoi not less thsu the unount of one ~nstallment, or one Lundred dollara (i100.00), whichever is lees. Any prepayment msde on ot6et than aa instaltment due dste will nat be credited until the nezt following inatallmeat due date. ~ 2. In order more feilly to protect the security of this mortgsge, the Mart~a~or, together v~}th, and in addi- tion to, the monthlp paymenta under the terma of the note secured hereby, on the installment due date dsy of each month until the said note is fully paid, will psy to the Mortgagee as truatee (under the terma of this t trust as hereinafter atated) the following sums: ~ (s) A sum equal to the ground rent8, if sny, neut~ due, plus the premiwns that will neat ber.ome due snd paysble on policies of fire and other hazard inaurance ooveruig the mortgaged pr~operty, plus tsxea snd aseessmente next due on the mortgaged prope~rty (all as estima b the Mortgagee and ot ' whicb the Mortgegor is notified) less all sums already paid thereior divided ~p the number of montha to elspee befon one month prior to the dste when auch~ground rente, pnmiunua, taxes, and asaees- ments will beo~ma delinquent, such suma to be held by Mortgagee n~ t~tus! to psy ssid ground nnts, premiums, Lsaes, and special aeeeeaments. (b) Theag~ega te of the ~nounte psyable pursuant to aubparagrsph (s) and those psyable on the note secured hereby~ ahaD be pud in s single psyment each mont6, to be spplied to the following itema in the order atated: (I) 8~ronnd renta, taxes, aeeeesmente, 5re, and other hazud inauraace premiums; (II) int~erest on tLe note secur+ed hereby; and (III~ smortiaation of tLe principal oi said note. Any deficiency in the amount of such aggregate montlilp paymei?t shsll unlees mada good by the Mortgagor prar to the due dat~ oi the ne~f, sucb ps~?ment constitute sn event o~ default under this mortgsge, A~ Mortgagee'a option, Mo~r v~ilt ~y •`Iste c~srg~e" not eaceeding four per centum (4~Jo) of any instap- ment wfien pud more than iteen (15) dsy~a after the due dste thereof to cover the extn eapense involved in hsndling deLnquent psymenta, but such "late c~ ahaU no~t beps yable out oE the pi+oceeds oi sny eale made to asLisfy the indebtedness aecured ~tereby~ v suah ~p=oceeds are au8'icient to discharge tLe entire indebtednees aad all pmper costs sad eupenses secured 6eceby. - 3. It the total of the ps~yments made by the Mortgagor under (s) of paragraph 2 preceding ahali exceed the amount of p~yments actually made bp the Mortgagee, as trustee for ground renta, taxes and assessments, and ~naunnoe premiume, as tt~e caee msy be, auch exceea shsll be eredited on subsequent payments tb be made b the Mort~a~or for such items or at l~iortgagee' qption, as truatee ahall be refunded to Mort~agor. If, however, such monthl~?~ payments shall not be sn~ent ',o pay such items when the same ahell beoome due and payable, then the Mortgagor shall pay W the Mort~agee as truatee. any amount n~ary to mske up BOOK 1~ PACE ~.L~, - ; - - . _ ~4a:., , _ :4~ _ .