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Home My WebLink About0300 TO HAVB AND TO NOLD WIC 8AR78~ to~elher with sll snd aingular the tenements, heredit~menta nnd sppur- tena~ces thereunto bclonging or in snyw~se aQpPHxining, un~l the rpversion nnd ~vcrsiuna~ remsin~ler or re- ~nsinders, ~nd also sll thc estnto, ~~ght, title, tnlerost, homes~epd, lo~ver an~ ri ~ht ut dovver~ sNpar~1e ~~s~ate~ poesc~saion, claim und demand whatsoeve~, ss well in law as ine~ u~1~, olthc a~~~'Iprtgegor ia snd to the same and every part tJ~ereot~ with ihe sppi~rlenwnces o[ the said l~tdtt~agor in and~ tl~e same~ ~nd cvery part anc~ parcel thereoi unto ~he asid Mortgagee in tee simplo. 'I`I~e Mortgsgor hereby oovenanta with tho Mortgwf;ee, thR~ he ia inJPfeasiblv seiaed ot said land in fee simple or such other estat,~+~ d any. as is stated hercin; lhat hc hKS full power and luw~ul right to convcy tt?e same as aforesaid; ths~ the land ie tree from sll encumbrances except as herein ot,herwise recitc~l; thst said `Sortgagoe wiU make such turther assurances to prove the ~toresaid title to aaid lsnd in ssid tilort~ngee as may be reason- ably req uired~ snd thst said Mortgagor docs hcreby [ully wscrant the title to sRid INnd, ~?nd evory psrt thereof~ snd will clefend the same sgsinst the lawful clsima ot all persona whomsoever. PROV~nsn ALw?eYS thst it the Mortgagor ahi?11 psy unta the MoM~gu~ce thst certsin promissory note~ ot which the following ia a substantial copy, to wit: i7 , 600 . 00 Fort Pierce , Florida. Nov. 14th , 1969 FOR VAI.UE RECEIVED, the undersig~ed promise(s) to pay to the order of the Admiaistrator af Veterans' Affairs, an Officer of the United States of America, and his successors in such of~ce, as such, and his or their assig,ns, the priacipal sum of Seven Thousand Six Hundred and 00/100---------------------------------------- Dollars 7, 600 . 00 with interest from date st the rate o[ eight per centum °Jo) per annum on the u~n_psid balsnce until paid. The said principal and interext sl~wll be payable et the oflice of the Losn Gusranty Otiicer, Veterana Adminiatration Regional Office, in St . Paul , Minnesota ~ or at such othei plsce as the holder mey designate in writing delivered or mailed to the dehtor in monthly installmcnts of . . ~ollars (t c~r~~ing oYiethend14t~100- day of De e~er . 19 69 , and contsinu7ing on t~he 14th day ot each month thereafter unti~ this note is iully paid, except that~ if not sooner paid, the final payment ot principsl and interest shaU be due and psyable on the 14th dsy of November, 1999., Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedness or any psrt thereof not less than the amounL of one installment, or one hundred dullars (5100.00)~ whichever is less. Any prepayment made on other th~?n an installment due date will not be creciited until the next tollowing installnaent due date. If any deficiency in the paym ent of eny installment under this note is not made gooci prior to the due dste of the ne~ct such installment, the entire principal sum and accrued interest shall at once become due and pay- able without notice at the option ot the holder of thia note. Failure to exercise this option ahall not constitute s waiver of the right to eaerc~se the same in the event ot any subsequent default. In the event of default in the payment of this note~ and if t.he same is collected by sn attorney at Isw~ the undersigned hereby agree(s) to pay all costs of collection, including a reasonabte attorney's fee. This note is given for purchaee money of real estate and ia secured by mortgage to secure debt of evea date herewith, given snd delivered by the undersigned to peyee on certain real pmperty described therein. Preaentment, protest, nnd notice are hereby waived. _ 1 $11. 40 documentary stamps s/ _ Iy_an_ T_~__~bn~y____________________________ [sE~LJ affixed to original note Ivan T. Abney and cancelled. ~/___?~lm~--B-~--A~??~y---------------------------- (aewL] Alma B. Abney ISEAL~ ~ IBEALJ I ~ And ahall duly, promptly, and fully pertorm, discharge, ea~ecute, effect, complete, and comply wtith and ! sbide by each and every the st~pulations, agreements, conditions, and covenents of said~promissory note and ~ of this mortgage, then this mortgage and the eatate hereby create~ shall cease and be null and void. ~ The Mortgagor further covenants as follows: 1. That he will pay the indebtedness, as hereinbefore pmvided. Privil~ge is reserved to prepap at anp time~ ~ without premium or fee, the entire indebtedness or any part thereof not lesa than Lhe amounL of one installmect, ~ or one hundred dollars (E100.00), whichever is lesa. Any pr~epayraent mede on other than an installment ' due date will not be credited until the neat following installment due date. ~ 2. In order more fuUy to protect the security of this mortgage, the Mortgagor, together with, and in addi- ~ tion to, the monthlq payments under the ternis of the note secured hereby, on the installment due date day of ~ each month until the said note is fully paid, w-ill pay to the tiiortgagee as trustee (under the terms of this trust as hereinaiter ateted) the following sums: ~ (e) A sum equal to the ground reata~ if any, next due, plus the premiums that will neact become due i?nd ~ payable.on pohcies of fire and other hazard insurance covenng the mortgeged property, plus taxea # and assessments next due on the mortgaged property (all as estimeted by the Mortgagee and of ~ ~ which the 11Sortgag~r ia notified) leas all sums already paid therefor divided bY the number of months to elapse before one month prior to the date vvhen suchground renta, prem~ums~ taxes, and assess- ~ ments will become delinquent, such sums to be held by viortgagee in trust ta psy said ground rents, premiums, taxes, and apecisl essesa~nents. (b) The aggregate of the amounts psyable pursuant to subperagreph (a) and those payable on the note : secured hereby, shell be paid in a single peyment each month, to be applied to the following items ; in the order atated: s _ (I) ground rents, taxes, as.aessmenta, fire, and other hazerd insurence premiums; ~ (II) interest on the note secured hereby; and _ K (III) amortization of the principal of said note. ~ Any deficiency in the amount ot such aggregate monthlv payment shall, unlesa msde good by the Mortgagor ` prwr to the due date of the ne~t, such payment, coastiwte an event pf default under this mortgnge. At > Mortgagee's option, Mort~agor v? ill pay a"late charge" not exceeding fou p i~ centum (4%) of any install- _ ment when pa~d more than ~iftcen (15) days sfter the due date thetrpf to cover the eatra ~nse mvolved - in handling delinquent psyments, but such "lste charge" ahall not be pavable out of the proceeds of any sale made to satisfy the indebtedness secured Lereby, unlesa such proceeda ere aufficient to discharge the entire indebtedne,ss and all pmper coste and expe~es secured hereby. ~ 3. If the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall e~ceed the ~ amount of payments actually made by the ~tort~a~;ee, as trustee for ~round renta, taxes and assessments, and ~ insurance prem~uma, es the case may be, such eacesa shall be cre.dited on subsequent payments to be msde x by the ~4ort agor tor such iten~s or, at ~iort~s~ee's option, as trustee shall be refunded to ~iort~a~or. If, however, suc~ monthly pa~ments ahall not, be su~i'icient :o pay such'iterps when the same shall bccome due - and payable, then the ~1ort~a~or shall pa~ to the ~tort~agee us trustec any amount necessary to make up ~ ~o.~K rac~ ~ ~ ~ ~ ~ ~s~ ~ ~oo 3 .r.4.:.. i~-.'y~:% 5.. . . . j__:^ ~ '/tit' . ~'f~7 .~15~~" ' ~ ~ 9~ f~ ~i~+3i~i':~:_cE`x.. ~ ~ _ . . . . _~a~» 3~ss 6 _ _ ' _