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Home My WebLink About0905 f TO HAV£. AriD TO NOLD 1~1P SRIt'IC, toRrlhc~~wit11 all and ~in~ul~~ ~he t~nements, hereditAmcnts nnd Nppur- tennnn~s thereunto bclunging o~ in an~•w•~se a~pertMinin~, and th~~ re~•ersion Knd rev~•rsions, mmaindrr or rc- tnainders, and also all thc estxtc, ~ighl, title, ~ntrn~t, hu~n~~stea:l, do~ver Nnd ri~,?ht dowi~r, w~ ~arxte ~~ste?te, possession, claim wnd demand whatsoevcr, as well in Iaw as in equitv, of thc sxi~l `lortg,?gor in an~~ to the sxme, ~nd e~ ery pert tl~crnof, with the eppu~trnKnccs of the said \lortgngor in nnd to ll~e si?~nQ, and ~very pert and parcel tl?ereof unto tl?e at~id l~iortgngee in tco simplo. The Mortgagon c~reby covenants v?ith the ~Sort~a~;~t~, ~IIA~ fiC IS 1[lI~P~P881I)~~~ ~cized oi said land in feo simple or such other estate, an}~, as is stateJ herri~; tl~at he hns tull power and luw~ul rigl?t to conve y~ the same as eloresaid; thal. the lsnd ia frne trom sll encumbranccs er~ept as herein otherwise recited; lhat asid `lortgsgor will make such turther assuranccs to pro~c the aforesaid title t,o said li?nd in s~id ~4or~~;Agce as mRy be rcASOn- ably required, and that suid riortgagor does hemby tuilv warrant the title to sAi~i lnnd, bnd ~vcry part thercwf; and will detend the same a~;ainst the lawful claims ot all persons whom.gocver. PROYIDED ALWAY8 1~18~ If lt1C `~O~~~R~Of SF18I~ p6y URf.O LfIP MOI'l{,~A(~(`P 1I19~ C@~1•Alfl pmmissory note, ot which the following is s substantial copy, to wit: : 10,200.00 Fort Pierce , Florids. November 26 , i9 69 FOR VAI.UE RECEIVED, the undersigned promise(s) to pay to the order of the Admitistrator of Veteraas' Affairs~ an Officer of the Uaited States of America and his successors ia such office, as such, and his or their assigns, the priacipal sum of TEI~ THOUSAND 7.W0 HZINDRED 8nd no/100- - - - - - - - - - - ~ " " " "Dollars ~0, 200. 00 with interest irom date at the rato ot sEVett & one-half per cenlum ( °fo) per annum on the un~xid hRlxncR until {~aid_ The seid ~rinci~al and int~r~1 ahaU be p qv,able at thg offi ~ of ~he Loen Guarxntv lN#`icer~ Veterans Adm~nistration Regional Otf'ice, in St. PetersbUrg ~ F10Y~(iS , or at such other lace as the holder ma e~~ tc in writing delivered or m~?ile~l to the det~t~r in mo~thl lmcnts of SEV~NTY-FIVE an / 1u~- - - - - - - - - - - - - - ollars (t commencin on the ~6~~ day of December , 19 6~ , and continuing on the th day of each month thereafter until thia note is fully paid~ except thwt, if nat sooner paid, the final payment of princip sl end interest ahall be due and payable on the 26th day of November ,1994. Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedness or any part thereot not less than the amount of on~ installment, or one hundreci dollars (t100.001, whichever is less. Any prepayment msde on other thnn an installmcnt due date will not be creditc~ until the next~ follow•ing installment due date. If any deficiency in the paym ent of any ins~allment under this note is not made gooci prior to the due date oi the next such installment, the entire principal sum and accrued interest shnll at once become due and pay- able without notice at the option of the holder of this note. Failure to exercise this option shall not constitute s wsiver of the right to exercise the same in the event of any subsequent default. In the event of default in the payment of this note, and if the same is collected by an attorncy at law~ the undersigned hemby agree(s) to pay sll costs oi collection, including a reasonable atcorney's fee. This note is given for purchsse money of real estate and ia secured by mortgage to secure debt of even date herewith, given and delivered bp the undeisigned to peyee on certain resl property described therein. Ps~esentment, protest, nnd notice are hereby waived. State Documentary Stamps in the /s/ TEDDY STRICKLAND ~ amount of $15.30 attached to y - - - - - - - [aF~`') Tedcf -~~~Strickland'-~~~~~~-~---~ - original and canceled. _/s/__BARBARA STRICKIAND ~ggALJ , - - Barbara Strickland ~ f ISEAL~ i ' IBEAL~ _ ! i And shall duly, promptly, an~l fully perform, discharge, execute, efTect, complete, and comply Kith and E abide by each and e~ery the stipulations, agreements, cond~hons, and covenents of said~ promissory note and of this mortgage, then this mortgage and the estate hereby created shall cease and be null and void. ~ The Mortgagor further covenants as follows: ~ 1. That he will pay the indebtedness, es hereinbefore provided. Privilege is reserved to prepey at anv time, ~ without premium or fee, the entire indebtedness or any part thereof not less than the amount of one u?sta~lment, or one hundred doAara (E100.00), whichever is less. Any prepayment msde on other than an installment ~ due date will not be credited until the next following installment due dste. . ~ 2. In order more fully to protect the security of this mortgage, the tiortga~or, toge;her with, and in addi- ~ tion to, the monthly payments under the terms of the note secured hereb,y, on the inatallment due date dey of each month until the said note is fully paid, will pap to the ~tortgagee as trustee (under the terms of this ~ trust as hereinafter stated) the following suma: - ~ (a) A sum equel to the gcound rents, if any, next due, plus~ the premiums thet will next become due and ~ pay able on policies of fire and other hazard insurence covenng the mortgaged property, plus taxes and as.gessments next due on the mortgaged pmperty (ell as estimated by the 111ortgagee and of ~ which the Asortg~gor is notified) less all sums alrcady paid therefor divided bY the numl?er of months ~ to elapse before one month prior to the date vrhen suchground rents, prem~ums, tares, and assess- ~ ments will become delinquent, such suma to be held by Mostgagee in trust to psy said gro~md rents, ~ premiuma, ta~ces, end apecial assessmenta. (b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the note secured hereby, shall be paid in a single payment each monch, to be applied to the tollow-ing itema = in the order stated: ~ (I) ground renta, taxes, assessmenta, fire, and other hszerd inaurance premiums; (II) interest on the note aecured hereby; and # (III) amortization of the principal ot said note. Any deficiency in the amount of such aggregate monthlv paqment ahall, unleas msde good by the Mortgagor pr~ior to the due date of the ne~t, such payment, constitute an event of default under this mortgage. At Mortgagee's option, Mortgagor v? ill pay s"late charge" not exceeding four per centum (4°Ja) o[ sny install- ~ ment w~en pa~d more than fiftcen (15) days after the due date thereo[ to cover the extra expense involved in hsndling delinquent payments, but such "l~te charge" ahall not be Payable out of the pcoceeds of any sxle made to satiafy the indebtedness secured hereby, unless such proeeeds are su~cient to d~scharge the entire indebtedness snd all proper coste and eapen~es aecured hereby. . ~ 3. it the total of the payments made by the :1~Iortgagor under (a) of paragraph 2 prececiin~ shall ecceed the ' ~ amount of paymenta actually made by the ~Sort~at;ee, as trustee for ground rents, taxes and as.gessments, and ~ ~ insurance prem~ums, as the case may be~ such excesa shall be credited on subsequent payments to be made j ~ by the ?~tortgagor for such items or, at ~4ort~agee's option, as trustee shall be refundecl to ~tort~,agor. If, ~ however, such monthly pa~ ments at~all not be su(i'icient :,o pay such itcma wt?en the sxme shall beccwme due and payable, then the ~1ort~agor shall pay to O~e~ :~tortga{;ee as trustee any amount necessa~y to tna~Ce up ~ : 'BQOK ~D~ ~PA6E ~ T ~ ~ _ _ ~m:r_.~:_ . _ . . . _ . . c_~t~