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Home My WebLink About2826 TO HAVR AND TO HOLD ~I1P SAIriC~ to~etiur vvith all nnd sin~ular the tcnem~nts, herc~litsmcnts und appu~- tensnms thereunto ~clonging ur in anvN'i~e a4~pe~txining, and thN revorsi ~ ami ~v~~roions~_ mainder ar rc- tnainders, and also all thc estatc, ~ight, title, inte~~l, homes?~~ad, do~ver ~id ~~ht ot dpa•er.~l~„rale ~•state, posscssian, elaim ~u?d demsnd whstsocver, as well in law as in equity, ot tt?c saia ~lor~gagor in an~! to the same, t+nd eve~~• per4 tl~cceof, with the appurtenwnces ot the said !~lor~gwgor in and to the same, ~?nd every part~ end parcel 41ien~f unto the asid Mortgagee in tee simpla The 141ortgagon c~reby covenents w•ith tho 94ortRaKe~e, thxt he is indefeasibiv srized or ~a~~i ~a~?~i in tce simple or such othcr es~ale, if uny, as is sta~ed 1?ercin; ~l~at he hns tull power and IuN ~ul rigi~t t,o convcv tt~e same as atoresaid; thwt ihe lsnd is lrec trom sll encumbrances except es herein ot,herwise reciteJ; that said tiiort~;agor will make such turther sasurances to prove tho aforesaiel litle to said land in said ~'Iort~egce as msy bt~ rcason- ably requind, and 6hat said I~tortgagor does hcreby tully vesrrant the litle to sHid land, aml e~ery part th~rcof~ ' snd w~'ll defend the seme egainat the lawful claims of nll persona whomsoever. ; PROVtnEn ALw~Ya that it the ~lortgn~or shell pay unto the Mortg~ce that certain promis~ry note, ot ` which the tollowing ia s substantial copy~ to wit: = 10,000.00 Fort Pierce, Florids. ; December 30.19 69 ~ FOR VALUE RECEIVED, the undersig~ed promise(s) to pay to the order of the Administrator of Veterans' Affairs, an Officec of the United States of America, and his successors in such office, as such, and his or their assigns, the principal sum of TEN THOUSAND and no/100- - ---0ollazs($ 10,000.00 with interest from date st the rste oi seven & one-half per centum ( 7 per annum on the im~paid balance until paid. The said principnl and int~mst sh,?ll be pay able at the ot~'i~c ut the Loan Guarenty Ofi'icer, Veterans Administration Regional Oftice, in St. Petersburg, F1oY'id8 , or at such ' other lece as the hvlder msy d ate in vvriting delivered or mailed t,o the dehtor in monthly inatal ments of J ~EVENTY-THREE and~0/100- - - - - - - - - - - - -~oua~s (s 73.9~ ; commencing on~he 30th day of January , 19 70, and continuing on the i 30th day of each month thereafter until this note is tully paid~ except that~ it nat sooner paid, the final payment oi principsl and interest ahaU be due and payable on the 30th dsy oi # December , 1994. ~ Privilege is reserved to prepay at any time, without premium or fee~ the entire indebtedness or any part ~ thereo! not less then the amount of one installment, or one hundred dollais (5100.00), whichevc~ is less. Any prepayment made on other than an installment due date will not be crnclited until the ne~t follov?-in~ installment due date. If any deficiency in the paym ent of any instsllment under this note is not made good prior to the due dste oi the next such installment, the entire principal sum and accrued interest shnll at once become due end pey- able 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 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 attorney at lav?, the undersigned hereby agree(s) to pay all costs of collection, including a ressonable attorney's fee. This note is given for purchase money of real estate and is secured by mortgage to secure debt of even dste here~vith, given and delivered by the underaigned to payee on certain reat property described therein. Presentment, protest, Rnd notice are her+eby waived. i State Documentary Stamps in the ~S~__WILLIAM T. NORMAN } SEAL amount of $15.00 attached to William T. Norman ? ; original note and canceled. /SI__!1F~~F,~Y_~__Jr~__~~R~A~______________ ~SEAL~ 3 i Janitice Lynn Norman ~ ~BEALJ ~ i ~ ISEAL~ s ~ And ahall dulv, promptly, and fully periorm, discharge, execute, efTect, complete, and comply with and ~ ~ abide by each and e~ery the stipulations, agreements, conditions, and covenanta of said promis.gory note and ~ ot this mortgage, then this mortgage and the estate hereby created shall cease snd be null and void. ~ The Mortgagor further covenants sa follows: ~ 1. That he will pay the indebtedness, as hereinbefore provided. Privilege ia reserved to prepay at any time, ~ ~vithout premium or fee, the entire indebtedness or any part thereoi not le,ss then the amount of one uLStallment, ~ or one hundred dollara (E100.00), whichever is less. Any pr~epayment made on other than an installment ~ due date will no~ be credited until the nea~t following installment due date. 2. In order more fully to protect the security of this mortgage, the Mortga~or, together with, and in addi- ~ - tion to, lhe inonthly payments under the terms of the note secured hereby, on the installment due date day of ~ ~ each month until the said note is fally paid, will pay to the ~iortgagee as trustee (under the terms of this ~ trust as hereinafter stated) the foAowing sums: i ~ (a) A sum equsl to the ground rents, if eny, next due~ plus the premiums that will next become due and ~ pay able on policies of fire and other hazard inaurance covenng the mortgeged property, plus taxea ' ~ and as,gessments next due on the mortgeged property (sll as estimated by the Mortgagee and oi ~ _ which the Mortgagor is notified) less all sums already paid theretor divided b~? the number of months } '°j to elepse before one month prior to the date v?hen suchground rents, prerruuma, taxes, and assegs- ~ ~ ments will become delinquent, such suma to be held by Mortgagee in trust to psy said groi~nd rents~ ~ ~ premiums, taxes, and apeciel assessments. 3 ~ (b) The egate of the amounta a able ursuant to sub ar a h a) and those a able on the note ~ P Y P P~' P~ P Y secured hereby, shall be paid in a single payment each month, to be spplied to the following items in the order atated: ~ ~ (I) ground rents, taxee, assessments, fire, and other hazerd insurance premiums; (II) interest on tbe note aecured hereby; and : (III) amortizetion of the principal of said note. Any deficiency in the amount of such aggregate monthlo psyment shall, unlesa msde good by the 14iortgagor r prior to the due date of the ne~t, such paryment, constitute an event of default under this mortgnge. At ~-4 Mortgagee's option, Mortgagor v? ill psy a'late charge" not etceeciing four per centum (4°Jo) of snq instsll- - ment when pa~d more than fittcen (15) dsys atter the due dete thereof to cover the extra expense involved in bandiing delinquent payments, but such "late charge" shall not be Peyable out of the prceeeds of any anle ~ made to satisfy the indebtedness secured hereby, unless such proceeds are au~cient to discharge the entire ~ ~ indebtedness and all proper costs and eapenses eecured hereby. ; 3. If the total of the peyments made by the Mortgagor under (a) of parapraph 2 preceding shall exceed the ~ ~ amount of paymenta actually made by the ~iort~af;ee, as trustee for ground rents, taxes and assessments, and j insurance prem~ums, as the case may be, such e~cess shall be credited on subsequent payments to be made ' n' by the ti'Iortgagor (or such items or, at ~iort~agee's'option~ :ss trustee shali be refunded to ~iort~agor. If, ~ I~owe~er, such monthly payments shall not be sufficien~ :,o pay such items when the same shall become due and payable, then the ~tort~a~or sliall pa3 to the ~tortgaRee as tcustee any amount necessary to m~.ke up ~ z$~ ~ ~=T BOOK ~~1 P~CE ~ . : _ _ : -f= - . . _ . _~_e~