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Home My WebLink About1558 TO HAY~ AND TO HOLD ~~IP SA[ri8~ tc,~ethcr vvith al! and sin~ular the tenem~~nts, hereciitKments en~t appur- tenan~•s thereunlo hclonging ur in envwise a~pcFlxining, and thP re~ersion Mnd rev~rsions, rnmainder or re- tnainders, anJ elso sll the estKtc, ~ight, titlr, ~ntemst, hom~•st~ad, do~vrr ~nd ri~?ht.ut dph~~r, s~•pxrNle estate, posscssion, clsim ar?d demand whatsoeve~, ss well in law ss in equity, ot ~1tp s~iid ~ic?~t~geria and to the ssme~ E and evcry pwrt tl~creof~ with the appu~trnan~~es oi the said I1lortgagdr a~nt~ to the si?me, and cvery part end ~ parcel ll~ereot unto the said Morlge?gee in (ee simplo. t The l~iortgagon c~reby covenants with th~ ~iort~e~PP, thnt he is indPfeasiblv ~cized of said land in fea simple or such other estate, ~f eny, as is steleci l~emin; tl~at, l~e hxs full power snd law ~ul ~ight to convev tiie seme as aforessed; that the land ia lree trom all encumbrences ex~ep~ xs hprein otherwise reciteJ; ~hat said ti'Iortgagor will make such further assurances to pro~r. the atoresaid title to seid lund in said \~Iort~agec as msy be resson- , ablyrequired~ and thst said Mortgagor does hcreby fully warrant tho title to said l,?nd, and evcry part thcrcof, ' snd v~~ll detend the same ageinst the lawtul clsims of all persona whomsoever. PROVinen A~w~Ya that it the ~lortgagor shnll pny unto tho Mortg~e the~ certain prnmiss~ry note, of which the follorving ia a substantial copy, to wit: i 12 , 500. 00 Fort Pierce , Florids . December 8 ~ 19 69 FOR VALUE RECEIVED, the undersiganed promise(s) to pay to the order of the Admiaistrator of Veterans' Affairs, an Of~cer of the United States of America, and his successors in such office, as such, aad his or their assigns, the priacipal sum of ZWELVE THOUSAND FIVE HUNDRED andno/100------------------Doilars(~12500.00 with interest itom dste st ~he rate oi SeVe~l & one-half per centum ( 7~ ~Jo) per annum on the unpaid balanccs until paid. The said principal and int~r~st s1~Hll be payable at thP office of the Loan GuarAnty O f ~ icer, Vetersna Adminiatration Regional Officc, in St. Petersburg, Florida ~ or at. suc h other plsce as the holder may de~ignate in writing delivered or mailed to the clebtor in monthly installmcnts of NINE~Y-1W0 and 38~100- - - - - - - - - - - - - - ~ollars (t 92.38 commenc~ng on the th day oi January , 1970 ~ and continuing on the 8th dav of each month thereatter until th~s note is fully paid, except th~t, ii not sooner paid, the final payment ot ~ rincipsl and interest shatl be due and payable on the $th day of December ,~994. Privilege is reserved to prepey at any time, without premium or fee, the entire indebtedness or any part thereof not less than the amounL of onc instaUment, or one hundred dollars (5100.00), whichever is less. My prepayment made on other than an installment due date will not be cmdited until the ne~t following instellment due date. Ii any deficiency in the paym ent of any installment under this note is not made good prior to the due date of the next such installment~ the entire princ~pal sum and accrued interest shnll at once become due snd pay- : able without notice at the option of the holder of this note. Failure to exercise this option shaU not constitute ~ g waiver of the righc to eaerc~se 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 at.tarney at lsw~ the undersigned hereby agree(s) to pay all costs of collectian, including a reasonable attorney's fee. This note ia given ior purchase money of reel estate and is secured by mortgage to secure debt of even date herewith, given and delivered by the undersigned to payee on certain real property described therein. Presentment~ protest, and noti~e are hereby waived. S /s/ CLARENCE E. TAYLOR t ISEALJ State Documentary Stamps in the Clarence E. Taylor . amount of $18.75 attached t0 (BEAL~ ` original and canceled. ' ISEALJ : ~ IBEAL~ ~ ~ And shall duly, promptl~, and fully perform, discharge, execute, effect, complete, and comply wtith and , ~ abide by each and every the stipulations, agreements, conditions, and covenants of said~ promissory note and i of this mortgage, then this mortgage and the estate hereby created ahall cease and be null and void. ; ~ The Mortgagor further covenants as follows: ~ 1. That ~e will pav the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, ~ ~vithout premium or tee, the entire indebtedness or any part thereof not less than the smount of one uistallment, u or one hundred dollars (t100.00), whichever is less. Any p~repayment made on other than an installment ~ due date will not be credited until the next fo]lowing installment due date. 2. In order more fully to pmtect the security of this mortgage, the tiiortgagor, together with, and in addi- tion to, the monthly payments under the terms of the note secured hereby, on the installment due date day o[ each month until the said note is fully paid, will pey to the :~iortgagee as trustee (under the terms of this trus~ as hereinafter stated) the following sums: ~ (a) A sum equsl to the ground rents, if any, next due, plus the premiums that will next become due and payable on policies of fire snd other hazard insurance covenng the mortgxged property, plus taxes ~ ~ snd assessments next due on the mortgaged property (ell as estimated by the Mortgagee and of ; ~ which the Mortgagor is notified) less all sums elready pa~d therefor divided b~r the number of months ~ to elepse before one montL prior to the date vrhen such~ground rents, premiums, taxes; and a~eas- ~ ~ ments will become delinquent, such suma to be held by Mortgagee in truat to psy said ground renta, ~ premiuma, taxes, and special asaeawnents. i (b) The aggregate of the emounts payable purauant to subperagrsph (a) and those payable on the note ~ _ secured hereby, shall be paid in s single payment each month, to be applied to the follow-ing items ~ in the order atated: (I) ground renta, taxes, asse.ssments, fire, and other hazard insurance premiums; - (II) interest on the note eecw~ed herebp; and _ " (III) amortization of the principal of said note. ' Any deficiency in the amount oi such aggmgate monthlv pspment shall, unless made good by the Mortgagor ; - Pr~~or to the due date of the ne~L such payment, constitute ~n event of default under this mortgnge. At ~ Mortgagee's oPtion, Mortga or w ill pay a"late charge" not ecceeding four per centum (4~Jo) of any mstall- ment when pa~d more than ~itcen (15) days after the due dste thereof to cover the eatra expense ~nvolved ; " in handling delinquent payments, but such "late charge" ahall not be payable out of the proceeds of any sale made to satiafy the indebtedness secured hereby~ unle~s such proceeds are sufficient to discharge the entire indebtedness and sll proper costs and expensea secured hereby. : 3. If the total of the pa~ yments made by the :41ort,gagor under (a) of paragraph 2 precedinr shall e~ceed the amount of payments actually made by the ~tort~agee, as trustee for ground rents, taxes and assessruents, and ~ insurance prem~uma, as the cnse may be, such eacess shall be credited on subsequent payments to be msde a,_ by the :VlortgaRor for such itema or, at ~fortgagee's option, as trustee shall be refunded to :~Zortoa~or. If, ~ however, such monthly psy~nenta shall not be sufficient :,o pay such items when the same shall become due and payable, then the ~iortgagor shall pay to the ~iort~agee as trustee any amount necessary to make up ~ sa~K~B~ ~~5~8 ~ : - - , ~ _ ~ € ~ ,.~~1. n~~_:~~.., ~