HomeMy WebLinkAbout2500 TO HAYE AND TC HOLD ~I1C sA[11@~ t.oðe~ with all ~r?d ai~u~~~ the herediti?ments and sppur-
a
ten~~ces thereunto bclonging or in anywise appe~tuining. und the reversion wn reversiona~ rcrosinde~ or re-
in~inders, and uleo all tho estute~ right, title~ int.erest, l~omrstcad, dowe~ und ri •ht ot dov?er~ sepsrNt.e esl.ate,
poesesaion~ claim und demand whateoever~ as well in Isw es in equit,y, of tho anid ~ortg,tgor ia und t,o the same
and every p~rt tl~ereot~ with the sppurtenRncos ot t~he said Mortgagor in snd to fhe same~ snd overy pert und ,
pucel tl~ereot unto the ssid Morlgegre in [ee aimpla. ;
The I1lortgsgor hereby oovensnts v?rith tho Mort{~~ee~ t,l~at he ie indeteasibly aeir~ed of said Isnd in fee
aimple or such olher esU?te~ ~f any aa is atated herein; ~het he has tuU power and lawtul r' ht to conve the some
y~ am
as i?foresaid; ths6 the liu?d is free ~rom ull encumbranccs except ss herein otherwise reci~; tbst said Mortgagor
~rill make such further assurances to prove the aforesaid title to said l~nd in suid Mo~tgagce as r.tsy be mason-
sbl required~ snd thst said Mortgagor does hereby [ully warraa~ Lhe tit~le to said lund, snd every part thereof.
w~will defend the same egainat the lawf ul clsims oi all peisons whomsoever.
PROVtns~ AL~r~YS thst it tbe Mortgsgor ahull psy unto the Mort~?goe thst certsin promissory nots~ oi
~ ~rhich the foUoweng ia a substau?tial copy~ to wit: ~
~10, 000.00 Fort Pierce, ~ Florid~.
November 3rd 19 69
FOR VAI.UE RECEIVED, the aadersi~ned pmmise~s) to pay to the order of the Admiastrator of
Veterans' Affairs~ aa Officer of the Uaited States of America, aad bis successors in snch of~ce, ~s
such, and his a their asaigps, t6e priacipal sum of Ten . Thousand and 00/1~0---- ;
Dollazs (~10 , 0~ 0. 0 0
with interest irom date at the nte of-------'--ei--t-------per cea6um ( g ) per annum oa the
u_npaid balance until psid. The said princi
psl and inter~~ah~ll be psyable at the ofRcc o~the Losn Quarsnty
O~cer, Veterans Administrawon Regional O~ae, in St. Paul, Minnesota , or atauch
other plsce as the holder nu?y deaigt?ate in writing delivered or rasiled to the de6tor in montlily iasG?Umcnta o!
com
nenc
ng
~n ~e e3rdnd 19,l100- ~ay of ~Dec---~r--~--- ~ 196 g~oD
d~oon~
n'u~ g on the'
diy of each month thereatter unw~ note is fully ps~d~ exoept t~tt, if not sooner
paid3~ final paymeat oi princip~l and intecest aha11 be due ssd payable oa the . 3rd day of
November, 1994 , .
Privilege ia reeerved to prepay at any time, withou6 premium or fee, the entire indebtedness or ~ny put
t~?ereof not lees than the smount of one instsllment. or oAe hundred dollara (i100.00), ahichever is less. Aay
prepsymen£made on other theui ur instaUment due date will not be crcdited until the next foAowing instaUment
dua date.
If any deficiency in the ps~n ent of any inataUment under t,his note is not mede good prior to the due dste
oi the next such inatsllment, the e~ntire principal sum and sa:rued interest ahall at once beoome due and pay-
sble without notice at the optan of th~ holder of this note. Failure to exerciee this option shsll not conaVtute
~ waiver of the right to exerciae the $ame in the event of sny aubsequent default. In the event oi defsult in the
payment of this note, and if the same is ooUected by an attorney at Isw, the.undersigned hen+by agree(s) to
psy all oo~ta oi collection, including s reaeonable sttorney'a fee.
This note ia given far purchase money ut real eatste and is secured by mortgage to secure debL of even
date herewitb, given und delivered by the undersigned to psyee on certsin nal pmper~y described t~?erein.
Pnaentment~ pmtest•~ und notic~ u+e hereby wsived.
$15 . 00 documentary __s,l__3eti.lliam._A.._ ct~Llt.~ldtd___________ ~BEALJ
stamps affixed to William A. Southard
original note and __s,~ _Sett~__J..--Sautha~d________________ [ase~.]
cancelled. Betty J. Southard
! ISBAL~
IBBALJ
; And ahall duly, promptly, snd fuUy per[orm~ diachsrge~ execute~ effect, oomplete,, and comply with and
sbide by each and every ~tbe stapidationa, sgreements, concLtians, and covene?nts of seud~ pmmissory note and
of t~his mortgage, then this mortgsge and t6e estate her~by created a6all ceaee and be null and void.
The Mortgagor further covenants sa iollow*a:
1. Thst he will pay the indebtedness, sa hereinbefore pmvided. Privilege ia reserved to prepsy st an tame,
~vithout premium or fee, the entire indebtedness or any psrt thereof not less than the amount of one ina~ment,
or one huadred dollsrs (i100.00), ~?hichever ia less. Any pr~epayment made on ot~her tLan aa inst:llment
due dste will not be credited unta7 the next following installment due dste.
2. In order more fully to protect the eecurity of this mortgage, the Mo agor, toget6er with, and in addi-
tion to, the monthlp paymenta under the terms of the note secured herEby,
o~n the installment due date day of
each month until the said note ia fvlly puid, arill pay to t6e Mortgagee aa trustee (under the terms ot thie
trust as hereinafter stated) the follo~ving sums:
(s) A sum equal to the ground rents, if aay, next~ due. plus the premiunns that will neat beoome due and
psyable on policies of fue and other huard insuraace covenug the mort~aged pm_ perty, plus tsaes
and asseasments next due oa the mortgsged prop~ertiy :(aII aa eatimste~ by the Mortgagee and of
whics tLe Mortgagor is notified) leas all sums already paid therefor divided bp the number of months
to elapse before one mont~ prior to the dste when aach und reats, preminms, t~xes, and sasess-
rem
menta will become delinquent, such sums to be held by ortg~g~ee in truat to psy said growut nnts,
pnmiuma, taxes, and special aeeeesments.
(b) Theaggregate of the ainounts psyable purauant t,o subparagraph (s) and thoee paysble oa the note
~ secured hereby, sLall be paid in s single psyment each month, to be spplied to the following ite~us
~ in the order etated:
(I) 8mund rente, taxes, aeeessments, Sre, and otber hasard insursnce premiums;
(II) intereat on t,Le note secured her8bp; and
(III) aaRortuat~a oi tbe principal of eaid note.
Any deficie~y in the amount of such aggregste monthlo payiaent ah~ll unlees made good by the Mortgagor
pr~ior to the due datb of the next such psyment, constitute an event o~ detaul~ under this mortge~ge. At
~ Mortgsgee'a option; Mortgagor will psy s"Lte chsrg~e" not exceeding four per centum (4%a) of aay uast~ll-
ment wl~en paed more than S(teen (15) days after the due date thereof to oover the extra eapense iavolved
~ in handling delinquent psymente, but auch "bte charge" shall not bepa
yable out oi the proceeds of any asle
made to astiafy the indebtednesa secured hereby~ unlea~ such proceeds are sufficient to discharge the entin
~ indebtsdnees and all pmper costa snd expenses eecured Lereby.
3. If xhe totai of the pa~yments made by the Mortgag~r under (a) of parsgraph 2 preceding ahall exceed the
amount oi psyments acf,ually made~by the Mortgagee, as trustee for ground rents, taxes and sseee~ments, and
inaurance pramume, aa the case m~y be~ such excees shall be credited on subsequenL payments to be made
by the Mort~a~or for such itema or, at Mortgagce's option, as truatee ahall be refunded to Mort~agor. If
however, sucL monthl~r~ payments shall not be sufficient :o pay such ite~na when the same ahall beoome due
and payable, then the Mortgagor shall psy to the Mortgagee sa tcuatee any ~qou~` make up
Q0~ 1~ PAi~ ~~7~ ` ~ . •
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