HomeMy WebLinkAbout2220 TO HAV6 AND TO HOLD ~~1@ 8llil18~ t~+ther with all und sin~ulertt~' ~n~;~li~i~ents and sppur-
tenanc~a thereunto bclonging or in anyw~se appertaining, und the ~evers snd revecaiona~ rem4in~ler or re-
inaindera~ and Rlso all tho estatc~ cigh6, title~ interest, I~omestoad, ciower and ri b•h~~ ot dower~ s~~ar,?te cstste~
posscasion. claim ~u?d demand whstaoever~ as well in I~w es in equit,y, ot t,tio suiJ Mortgwgor in sn to lhe ssme
and eve~y part t~hcreot~ with the sppurlpn~ncea oi the said Mort,gxgoc ia and to the same, and every part ~nd
parcel U~ereo! unto the suid Mortgsgee in tee simplo.
The Mortgagron c~reby coveaants vrith tho Mortgsgee, t,hst he is indefeasibly sei~d ot said lsnd in iee
simple or such other eatal,e. ~f any as is stat.ed herein; t,liat he hna tutl power and law[ul right to convey tho ssme
as utoressid; thst tl~e Iand is free ~rom all encumbrsncos except us herein otherwise recit.ed; thst se?id 14ortgagor
will m~?ke such ~urther ~aeurAncea to prove the doresaid tiUe to said lsnd in ssed Moctgagoe as msy be reason-
ablyreq uired~ and th~t s~?id Mortgagor dcea hemby iuUy wanant the tiWe to suid land, anci every psrt thereof, ~
and wNl detend the asme ~gsinst the lawtul cl~ims ot all pereons whemaoever.
Psov~usa ALw~YS th~t if the Mortgsgor shsii pay unto the Mortgagce that oectain promissory nots~ oi
w?hich t,he tollow' ia a aubetantisl copy, to wi6: `
= 5,500.~0 Fort Pierce , Fforid..
October 2& 19 b9
FOR VALUE RECBIVED, the nnde~sig~ed promise~s) to pay to the ocder of the Admi~uistrator of
Veteraas' Affairs, aa Officer of ffie Uaited States of America, aad his snccessors ia sucl~ of~ce, ~s
such, and his oc their assig~s, ffie principal sum of ~p~ g~y~r RED 8 d
no/100-----------.-------- Dollacs( 5-5v0:00 ~
with interest irom date ~t the nte of 8ix three-fourths cencun~3 r annum on the
u-np aud balsnce until aid. The said rinci ~?l~sr?d intP t sh l be s~ble ~t the offi~ of~t
eeLosn Guarant
1il y
O~cer~ V~tera~s Administcation Regionsl ~ce, in S~t. eter$~~urg ~ or at such
oth 1 hold ~~ste in writing delivered or muiled to the debtor in monthl installmenta of S
8n~ ~~V V~ ~ • r • ~ ~ ~ • ~ • ~ ~ ~ ~ ~llAT~ ~1 ~ ~3'
oomm~~~g on the 28t dsq of Novemnber ~ 196 , and coatinuing~on the
tr day of each month theredter unW tbis note is fully paid, ex 6 t~h~?t, if not sooner
paid, tbe fin~l payment of principal and int~erest shsll be due and payable on t~he 2~th d~y ot
1989.
O~C~t,~v~'~lber s reeerved to prepsy sL any time, without premium or iee, the eatire indebtedness or sny pu6
thereoi not lees thaa U?e amouYLL of one iastallment. or one hundred doliara (i100.00), whichever is leAS. Any
prepayment made on otber then an inatallment due dste will not be credited until the neact following inataUment
due date.
If any deficiency in t~he psy ment of sny inatallment under this note is not made g~oal prior to the due d~te
of the nert euch installment, the entire principal sum and a~xsrued interest s6e11 st once beoome due and ~sy-
able ~vit6out notice at the option of the holder of this note. Failure to eue~ this option ahall not consfat,ute
s ~raiver oi the right to exemise the same in the event of any subsequent defanlt. In the event ot detsult in the
payment oi thia note, and if the ~ame is oollected by an attornoy st lsw, the undersigned hen+by agree(a) to
pay all coete of collection~ inCluding s reasonable attorney'a fee.
This note is given tor purchaee money of real eet~te and is eecured by mortgage, to eecure debt of even
dite herewitL, given and deiiv~ed bF the undei~sigaed ~o payee on certail? real pmperty deecribed therein.
Preaentment, pmtes~~ snd ~otire are hereby waived.
. ~
/ s / DEI~IAS GAINES
IBBAL~ ~
e mas Gaines ~
. ~
~s ESSIE MAE _ GAINES [se~L~
Essie Mae Gaines ~
IB~AL)
~ :
' [eseLj
i And shall duly, pmmpt~ly, and fully perform, dischsrge, execute, eRect, oomplete, and comply with and
abide by each and every ~the st~pulationa, agreements~ oondit;ons, and covenants of sud~ promiasory note aad
~ oi this mortgage, then this mortgage and the estate hereby created shall cease and be null and void.
~ The Mortgagor further oovensnts as followa:
1. That he vrill pay the indebtednesa~ as hereinbefors pmvided. Privilege is reserved to prepay st any ti~e,
~ ~vithout premium or fee, the entire indebtedness or any part thzreof not lees thsn the smount of one installmeat,
or one htmdred dollara (i100.00), whichever is lees. Any pr~epsyment made on ot6er than an inatallment
due dste will noti be credited aatil the nezt following instsllment dus date.
2. In order more fnliy Uo protect the security of this mortgage, the Mort~sgo~,, together wit6, and in addi-
tion to, the monthly pnymenta under the terma of the note secured hereby, on the inetsllment due date dsy of
each month until the sa~d note ia fully paid, will pay to the Mortgagee as truates (under the terms of this
trust as hereinatter stated) the following sume: ~
(s) A sum equal to the ground rents, if anp, neat~ due, plus the premiuma thst will next becorae due and
psyable on policies ot fire and other hazard inaurance coveru~g t~he mortgs~ged pro~perty, plus taxes
snd aseessments next due on the mortgaged pmperty (all as estimated-by the Mortgagee and of
which the Mortgegor is notified) le~a all sunns already paid therefor divided b~ t6e number of months
to elapse before one montL prior to the date whea such~ground renta, preaiunms, taxes, and sesess-
ments will bec~me delinquent, such suma to be held by Morfgag~ee ia ttust to pay as~d ground rents,
premiums, tsxes, and sper.ial aseeesments.
~ (b) The sggregate of the amounte psysble purBUant to subparagraph (s) and thoes psyable on the note
~ eecured hereby, ahsll be paid in a single psyment each mont6, to be spplied to the following itenos
~ in the order stated: ~ .
(I) gronnd rents, t,a:ea, aseeeements, 6n, snd othec hssard insuraace pruniame;
(II) int~ereat on tbe note secured hereby; and
(III) amortizataoa oi the principal of esid note.
Any deficiency in the amount of such aggreEata monthly payment sbsll unlass made good by the Mortgsgor
prior to t6e due dsW of the ne~L suc6 psyiae~t, cons6itute an event o~' deisul6 nnder tbis mortg~ge. At
Mortgagee's option~ Mo Rrill pay a"late charge" not ezceeding four per centum (4%) of any install-
ment wfien ps~d more t~tcen (15) dsys ~tter the due date thereot to cover the exbn expense involved
in handling delu'?quentpa
yments, but such "late c~
e" shaU aot be~ payable out of the proceeda oi ~uny asle
made to satisfy the indebtedness eecured hereby`~ un[ess sucb pmoeeds are uufficient to ~isch~rge the entire
indebtedness and all pmper costs and espenses secnred Lere6y.
3. If the total of t.he pa~~?menta made by the Mortg~gor under (a) of puragraph 2 preceding shall eaceed the
amount of p~ymenfs actually msde by the Mortgagee, as truate,e for gmunu renta, tsxea snd sssessments, and
insuranca premiume, aa the case may be, such excees ahsU be credited on auhsequent paymenta to be made
by the Mor~r for such iteme or at Mortgsgee's optaon~ ss t,~ustee ahall bg ~fuqded to Mort~agor. It~
however, auc monthl~? psymenta s~ell not be sufi'icient ~ pay such items~v~liea+tfie'tame shall bec~ome due
and pa~able~ then the Mortgagor shall pay to the Mortgagee as truatee any amount n to rnalce up
d~ ~1~~ ~;~ir1~
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