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Home My WebLink About2084 TO HAYF. AND TO HOLD ~Ilf sAiri@~ togrther with sll end aingular the tenemenls, heredit.~?menta snd sppur- tenancea thereunto ~clonging ur in an~~v~se e~pertaining, and the rever~ion pnd reversions, remain~ler or re- ~n~indera~ and elso all tho estetc~ right,, litle~ ml,e~ost, l?omestcad~ dow~e} and ~i •hl ~,I Jower~ separNte estate, poesegsion, claim nnd demand whatsoever, as well in law es in equi~y~ oI thc s,?id ~tartgAgoc ia sn~l to the same and every pa~t tl?ereof~ with the sppurtenances of the said Alortgagc~e in and to the same, and ev~ry part pnd parcel tl?ernot unto I~he said Mortgsgee in !ce simplo. The Mortgsgor hereby covenants with the Mort~sgee, ~l~a~ he ia inciefeasiblv sciacd ot said lsnd in fee simple or such other estate~ ~f any, ss ia atated hercin; tl?a~ he hns tull povrer and law~ul right to wnvc the same ss aforesaid; that the lsnd is ~ree from ell encumbrances except, as herein ot~herwise reciteJ; that said ~iortgagor will make such further usaurunces t.o prove the sioresaid title 1,o said lsnd in said Mort~agce as mav be resson- ablyrequired, snd thst ssid Mortgagor does hcreby lully warrant the title to s,?id lend, aml every psrt thercol~ u?d will detend the same agsinst the lswf ul claims ot all persona whomaoover. PROV~nsn ALwreYe that it ~he Mortgagor shall pay unto the Mortgngee tbat certain promisgory note~ oi ~ which the following is s eubstantial copy~ to wit: =8,000.00 Fort Pierce , Florids. December 11 ,19 69 FOR VAI.UE RECEIVED, the undersigned promise(s) to pay to the order of the Administrator of Veterans' Affairs, an Of~cer of the United States of America, and his successors ia such office, as such, and his or their assigps, the principal sum of EIGHT THOUSAND and 00/100 ---------------------g-------------- Dollazs(~8,000.00 with intereat from date at the rate oi e1', ht per centum per ennum on the u~np aid balance until paid. The said princ~pat and int~nwt shall be payable at the offi~c of the Loan Guaranty OHicer, Veterans Administration Regeonal Ofi'ic.e, in St . Pau~, Mi~1n(~~ota, , or at such otherp lsce as the holder ma d ate in writing delivered or ma~ ed to the de tor in monthly installm~nts of Fifty-eight and ~1/~-----------------------------~oUacs 58 71 commencing on the llth day of Januax'y , 19 ry0 , s~a continuing on the dap ot each month thereafter until this note is fully psid~ except that~ if nat sooner paid, the fina~'~a~nent oi pr?ncipsl and interest shall be due and payeble on the llth dsy of December, 1999., Privilego is reserved to prepay at sny time~ without~ premium or fee, the entire indebtedness or any part thereof not less than the emount oi one installment, or one hundred dollers (EI00.00), whichever is less. Any prepayment mede on other than an installment due date will not be credited until the next foilowin~ instellment due date. If any de6ciency in the paym ent o! sny installment under this note is not made good prior to the due date of the next such installment, the entire princ~pal sum and aa~rued interest shall et once become due and pay- eble without notice at the option of the holder of this note. Failure to exercise this option shall not constitute s waiver of the right to exemise the same in the event of any subsequent default. - In the event of default in the psyment of this note, and if the same is collected by an attorncy at lsw~ the underaigned hereby agree(s) to pay all costs of collect,ion~ including a reasonable attomey's fee. This note is given for purchase money of real estate and is secured by mortgage to secure debt ot even dete herevrrith, given and delivered bq the undersigned to payee on certain real propertq described therein. Presentment, protest, and noti~e sre hereby waived. s,(_ Stephen _C.__ Hunter_____________________ (aF~LJ $12.00 documentary stamps Stephen C. Hunter on original note and s~_ Loretta _J.__ Hunter____________________ [sewL] : cancelled. Loretta J. Runter (BEAL~ : IBEALJ ~ And shall duly~ promptly, and fully perform, discha oe, execute, effect, complete, and comply w-ith and abide by each and every the st~pulations, agreements, conditions, and covenants of said promissory note and of this mortgage, then this mortgage and the estate hereby created shall ce~se and be null and void. The Mortgagor further covenants as follows: 1. That he will pay the indebtedness, es hereinbefore provided. Privilege ia reservcxl to prepay st an~? time, ~vithout premium or tee, the entire indebtedness or any part thzreof not less then the amount of one u?stallment, or one hundred dollais (E100.00)~ whichever is less. Any pr~epayment made on other than an installment due dete will not be credited until the next following instellment due dste. 2. In order more fully to protect the security of this mortgage, the ~'Iortgag^or, together with, and in addi- ; tion to, the monthly payments under the terms of the note secured hereby, on the installment due date day of ~ each month until the said note is fully paid, a-ill pay to the :~tortgagee as trustee (under the terms of this ~ trust as hereina[ter stated) the following suma: (s) A sum equal to the ground rents, if any~ nea~t due, plus the premiums that will next become due and ' psyable on policies of fire and other hezard insurance covenng the mortgaged pro ~rty, plus taxes i ana as.gesamencs nex~ due on tne mortgaged properiy ~aii 6S t~u~un~u uy iuc a+~vl i~a~cc nuu va which the Mortgagor is notified) less al! sums already paid therefor divided bY the number of months to elapse betore one month prior to the date vrhen suchg~ound rents, premiums, tsxes, end assess- ments will bec~ome delinquent, such suma to be held by Mortgagee in trust to paq ssid ground rents, premiums, taxes, snd apecisl asaessinents. ; (b) The aggregate of the etnounts payable purauant to subparagreph (e) and those payable on the note f ~ secured hereby, ahall be paid in s single payment each month, to be applied to the follow-ing itema ' ~ in the order atated: : ~ (I) ground rents, taxes, s.gsessments, fire, and other hazard inaurance pcemiums; f ~ (II) interest on t~e note secured hereby; and ~ (III) unortization of the principal of aaid note. Any deficienc~r in the amount of such aggregate monthlv paymtnt ahall, unless msde good by the Mortgagor pr~ior to the due ~1ste of the next, such payment, constitute an event of detault under this mortgxge. At Mortgagee's option, Mor~agor w ill pay a"late charge" no~ e~ceeding four per centum (4%) of sny instsll- ~ ment w6en paid more than ~ifteen (15) days after the due date thereof to cover the extra expense involved in hsndling delinquent payments, but such "late cha~ge" shalt not hs p~y~~!e ost of !he pr~~~ ~f aay ~lP ~ made to satisty the indebtednesa secured hereby, unless such proceeda are su~'icient to d~scherge the entire indebtedneas and all proper coats and eapeases secured hereby. ~ 3. If the total of the pa~ yments made by the Mortgagor under (s) o[ para~raph 2 precedinr shall e~ceed the ~ emount of payments actusUy made by the ~iortgagee, as trustee for ground rents, taxes and assess~nents, and insurance prem~ums, as the case may be, such excess shall be credited on subsequent payments to be made by the :41ort~agor [or such items or, at ~fortgagee's option, as trustee shall be refunded to ~'iort~a~crr. If, ~ however, soch monthly psyments shall not be sufi'icient to pay such items when the same shsll become due and payable, then the ~iort~a~or shall pa~ to t.h~~o~~e as t~} ~e y a~nount nece.ssary. to rIIake' up - ~ d001( PA6E~:V~ . ~ ~ ~ a.~ ~ _ ~ , ~ ~ ~ ~ ~°~a~~