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Home My WebLink About2841 TO HAV6 AND TO NOLD ~f1@ 8Aft1@~ to~ethcr with ~11 und ain~a1~ ~e trna~a~ts,.~4eredituments anci eppur- tenancra thereunto ~clon~ing or in ~nyvrise appertaining, ~nd tN~~bersion'and revccsions, remsinde~ or re- ~naindets, snd elao ull ~ha estatr, righl, title~ intecest~ l~omestead~ do~rrr xnd ~i ?h1. ot doher, separnte estate. posscsaion, claim nnd demsnd whetaoever, sa well in lew as in equity, oi the sui~l ~ortgegor in snd t.o the same and every pArt tl~creot, with lhe sppurlrnancoa ot the asid Mortg~gor in and to t~he a~me~ und overy pe~t ~n~ p~rcel tleereot unto the s~id Moetgagee in tee simplo. T'Ae Mortgagor hereby covenants with tho Murtgsge~c, ~lint he is iadefessibly scis~l ot said land in feo simplo or auch other eatat,e~ ~I sny. as i~ atated herein; tl~at, he h~ hdl power and luw~ul right to convey the sarae as Aforesaid; Lhat the land is free tmm i?11 encumbrsnces except ua herein o~herwise recited; Lbat said `4ortgagor will mske such further assurances I,o prove the ~?foresaid title to said l~nd ia suid Mortgwgee as msy be rosson- ablyreyuired~ snd thsL said Mortgagor doca heceby lully warrant the title to said land~ ~nd evcry psrt thereof~ aad will defend the aame against the lswf ul clsims o! sll pecsons whomaoever. Psov~DSU ALw~YS thst ii the Mortg~gor ahRll psy unto the Murtg~ce thst cer6sin pmmissory note, ot which the foqowing is a subetantial rnpy, to wit: i 11,700.00 Fort Pierce , ~orida. November 3 ~1969 FOR VAI.UE RECEIVED, the undersi~ed pcomise~s) to pay to tbe order of the Administrator of Veteraas' Atfairs, aa OfHcer of the Uaited States of America, aad his successors ia such office, as such, aad his or their assig~ns, tbe priacipal sum of Eleven Thousand Seven Hundred and 00/100----------------~--~-'-------^--- Dollars (s 11,700.00 with intercat irom dste at the rats oi eight per centum ( 8%) per snnum on the unpaid balance until paid. The said principai snd intprcat. shall be~ p~?yable at the offic~ oi the Losn Gusranty O~cer, Veteru~a AdmiAistration Regional O~ce~ in St . Paul Mii~inesota , or at such othet pluce as the holder msy designate in writing delivered or m~iled to the debtor in monthly inataUm~nts of ~o~ati~inf on he nd 86/100---- p•._..~.,~.~~__..____~..~...~ ~ollara (=85= 86 g ~ 3 ^~°3' De er , 19 6g, and ooatanuing on the 3 d day o~eath mon~h therESiter un~i~~is note is tully psid~ except thst, if not eooner paid, the fina~payment of principal and int,ereat shall be due and payable on the 3rd dsy oi November, 1999 , , Priv~ege is reeerved to prepay at any time~ without premium or fee~ the entire indebtedness or any psrt fher~of not lesa than the amounL of one installment, or one hundred dollars (i100.00)~ v~hichever is less. Aay prepsymenf msde on ~ther Lhsn an instaliment due date will no~ be credited until the next toltovring inst~sllmen~ due date. If aay deficiency in tLe paym ent oi any instsUment under thia note ia not made goocl prior to the due dste of the next auch inatallmeat, the entire rincipal sum and ecurued interest shall st once become due aad pay- sble ~rithout notice at the option of the ~older of this note. Failure to e:ercise thia optioa shsll not constitute a waiver of the right to exercise the same in the event of any snbsequent default. In the event of default in the psyment of thia note~~and if the same is oollected by an attornQy at law~ the undersigned hereby agree(a) to psy sll oo~ts of coUection, including a reasonable sttorney's fee. 1'his note is given for purchaee money of real eatate and is eecured by mortgage to secure debt of even date hen~vith, given and delivered by the undereigned to payee on certsin reat pmper~y descnbed therein. Fresentment, pmtest~ end notare ere he~wby waived. ~ - $17 . 55 documenta~y stamps s/_--A.~Y_~.d__~.~__I~~1?g [aeer.] affixed to original note David S. Rinq and cancelled. s/___Fj,l.s.ie_~I~__B~AQ_______________.___________ ~BEALJ Elsie H. King S~C--Lrnest_.La~rtnn-------------------•------ [sEeL] i Ernest Layton IBEAL~ ~ And ehall duly, promptly, and fuliy perform, discharge, execute, eNect, complete,, and comply with and ~ abide by each and every the stipulations, agreements, cond~tiona, snci covenants of aud~ promiaeory note and i of thia martgage, then this mortgage and the estate hereby created shall ceaee and be null aad void. ~ The Mortgagor further oovenants as follovra: ~ 1. Thst he will pey the indebtedneas~ as hereinbefore provided. Privelege is reserved to prepay at sny time, ~ without premium or fee, the entire indebtednesa or any part thzreof not leea than the amount of one instsllment, ~ or one hnndred dollara (=100.00), whichever is less. Any p~repayment made on other thsn aa inataltment ~ due date will no~ be credited until the ne~ct following inatallment due date. d 2. In order more fully to pmtect the security of this mortgage the Mortgagor,.together with, and in addi- tion to, ttie monthlp payments under the terms of the note securec~ hereby, on the installment due date day of each month until the said note is fully paid, will paq to the Mortgagee as trustee (under the terma of this trust as hereinafter. atated) the foUovnng suma: (a) A sum equal to the ground renta, if anp, next due, plue t6e premiums that will next become due and . psysble on policies of fire and ~ther hazard insurance coveruig the raor aged property, plus taxes ~ ru g and assesamenta next due on the mortgeged property (all as estimated~y the Mortgagee and of which the Mortgagor ia notified) less all aums elready paid Lhere[or divided bp the number of months to elapse before one month prior to the dete when suchground reats, premiums~ taues, snd sssess- menta will becwme delinquent, such sums to be held by Mortgagee in taust to p~?y said ground rents~ premiums, ts:es, and apecid aaeeesmente. ~ (b) The aggregate of the iunountg psysble pursusnt to subperagraph (a) i?nd those paysble on the note ` secured hereby, shall be psid i~ a single psyment each month, to be spplied to the following items in the order stated: ~ (I) 8round renta, taxee, aseeeaments, ~ire, and other hazerd insurance premiums; ~ ¢I) interee! on t~ note secured hereby; aad (III) amort~iaation oi the principal oi said note. ~ Any deficiency in the smount of such aggregste monthly psyment ahaU~ unless made good by the Mortgagor pr~~ar to tbe due dat~ oi the ne.~e1, such psyment conatitute an eveat of default under tbia mortg~ge. At Mo~ee'e optiQn, Mortgagor will psy a"lste c~srge" not exceeding four per centum (4%) o[ say install- ~ ment w en pa~d more than $ftcen (15) deys ~fter the due date thereot to cover the extn expense involved ~ in hsndling delinquent psyment~, but such "late c e" ehall not be psyable out of the proceeda of any sale made to satisfy tbe indebtedness secured hereby. u sucL proceeda ue au$'icient to d~schsrge the entire ~ indebtednees and sll proper coste and expensee eecured 6ereby. ~3. If the total of the pa~ ymente made by the Mortgagor undsr (a) of par~raph 2 preceding ahall exceed tbe amount of pi?ymenta actuslly made by the `Sortgsgee, sa truatee for ground rents, taxes and essesamenta, snd ineurance premiums, as the case may be, such excess shall be credited on sub~uent payments to be made by the Mor~agor for such items or, at biortgagee's option~ sa t~custee ahall be re(upded to'.1~fort~agor. I[, ~ however, auc monthl~?~ payments ahall not be sufficient :~o pay such itema whed tha saune'shail become due ~ . and payable, then the MortRag~r shall pay to the ~IortRagee as truatee sny amount necesssry to mske up ~ BtIRK 1~O fAGt ' . ~ S~''`y~~~ "~S( ..~~K S ~ ~ - - - ~^i K:x"~~ai:£f_:-!..~ey. Z~,rl~_......~... `~_~-e..-...al...~ _ .