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Home My WebLink About2983 TO HAVF ANO TO HOLD 1,~1@ 8Ai11@, togelher with a!t i?nd sin~~iln~ the tenements, hecedita~menta and eppur- tenanrns thereunto Nclonging or in enyw~se appertaining, und the mvecsion hnd revecaions, remajqder or re- cnaindera~ and also sll tho eslatc, righ~, title~ ~nlerest~~ homestcad~ do~ver ~+n~ right~~ dowe~,,$epaty~e cslale~ possesaion~ claim nnd demond whatsoover~ as weU in law as in equity, of tt~c said 11~1~ agor in and tb tt?e sume, and every part, tl~creot, with the appurtenances ot the asid :~tortgagor in and to ~he ssme~ and overy par~ end pu~cel tl~ereo( unto the said Mortgagee in tee aemplo. The Mortgagor hereby covenanls with the :~iort~egee, tl?N~ he is in~IPteasit>ly scized of saici land in fee simple or such olher estate~ ~f iu?y, as i~ statcd }?erein; theL tie has tull power and luwtul rigt~t to convey the same as etoressid; that the lsnd is tree from sll encumbrances except as herein otherwise recited; thet said \•torl.E;egor will me?ke such further e~ssurnnces to provo the storesaid titlQ to said land in si?ici Nort~ngce as msy be rcason- - ablyrequired, ~u?d that said Mortgagor does hcreby ful[y warcant the title to said 1Rnd, aml every part t•hereof, and will defend the same against the lewf ul cleima of all peraona whomsoever. ~ Pnovtnsn AL~vwYa th~t if the tiiortgagor shnll psy unto the Mortg,~ee thst certain promissory note~ ot which the following is a subslantial copy~ to wit: i 7,000.00 Fort Pierce ~ Florida. December 29 ,1969 FOR VAI.UE RECE1VEp, the undersigned promise(s) to pay to the order of the Administrator of Veteraas' Affairs, an OfGcer of the United States of America, and his successors in such office, as such, and his or their assigns, the principal sum of SEVEN THOUSAND and 00/100 Dollars($ 7,000.00 ~ . with interest ltom dste et the rate of ~i ht per centum ( ~g ~Jo) per annum on the " unpaid balance until paid. The said princip~ and intPrc~t shwll be psyable et the of~"ire of t.he Loan Guaranty Offcer~ VeteransAdministration Regional4ffice, in St. Paul,Minnesota ~ or at such other plsce ss Lhe holder may designate in writing delivered or mailed to the dehtor in monthly installm~nts of Fifty-one a d 37/100------------------------------ ~ollars(a 5~,~~ commenc~n on t~e q dav o! , 19 70 ~ and cont~nuin on the 2g hh 28 y of ~ach month thereafter~u~~i~~?rsynote is fully paid, ex~e~Rt thwt, if nat sooner paid, the finaTpe ment of principal and interest ahall be due end peyable on the 2yth •dey of December, ~999 , ~ Privilcsge is reserved to prepsy at any time, without premium or fee, the entire indebtedness or any part thereof not less than the amounl of one installment, or one hundred dollars (E100.00)~ whichever is less. Any ~ prepsyment made on other thnn an installment due date w ill not be crcdited until the ncxt follow•in~ installment due date. If any deficiency in the pa ment of eny installment under this note is not made good prior to the due date of the next such installment~ t~e entire principal sum and accrued interest shall et once become due and pay- able without notice at the aption of the holder ot this note. Fsilure to exercise this option shall not constitute s waiver of the right to eacemise the same in the event of sny subsequent default. In the event of default in the = payment of t,his note, end if the same is collected by an attorney at law, the undersigned hereby agree(s) to ~ pay all costs of collection, in~cluding a reasonable attomey's fee. This note ia given for purchase money of real estate end is secured by mortgsge to secure debt of Aven ~ dste herewith, given and delivered by the undersigned to peyee on certain real property described therein. Presentment, protest, and notire are hernby waived. . ~ ~ ISF.AL $10.50 Documentary stamps on ~l--~~m~~___T_,___Fla~ku~_________________._ ] ~ original note and caneelled. James T. Walkup s1_ Patricia _ Ann__Walkup ~st.~L) ~ Patricia Ann Walkup ~ ~SF.ALJ ~ ~ ~BEAL~ M r And ahall duly, promptly, and fully per(orm, discharge, execute; ef[ect, completc, and comply w•ith and s~ abide by each and e~ery the stipulations, egreements, conditions, end covenants of said promissory note and ~ of thia mortgage, then this mortgage and the estate hereby created shall cease and be null and void. :j _ The Mortgagor further covenants es follows: 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at an~? Lime, " ~vithout premium or fee, the entire indebtrciness or any part thereof not less than the amount of one installment, ~ or one hundred dollars (E100.00), whichever is less. Any prepeyment mede on other than an installment - due date will not be credited until the neat fo]lowing instaUment due date. 2. In order more fully to protect the urity of this mortgage, the ~fort~agor, together with, and in addi- = tion to, the monthly gw~~ments under the terms of the note secured hereby, on the installment due date day of - each month until the seiid note is fully paid, will pay to the :4fortgagee es trustee (under the ter~ns of this : Lrust as hereinafter stated) the following sums: (e) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and j peyable on policiea of fire and other hazard insurance covering the mortgaged property, plus taxes : and assessments next due on the mortgaged property (all as_estimated by the ~iortgagee and of which the Mortgagor is notified) less all sums already paid therefor divided b~ the number of months to elapse before one month prior to the date when suchgr ound rents, premiums, texes, and assess- menta will become delinquent, such suma to be held by Mortgagee in trust to p~y said ground rents, premiums, taxea, and apecial assessmenta. ` (b) The aggregate oi the amounts payable pursuant to subparagraph (e) and those payable on the note - secured hereby, shall be paid in a single payment each month~ to be applied to the followting items in the order stated: (I) ground rents, taxes, a.~.4essments, fire, and other hazard in9urance premiums; (II) interest on the note secured hereby; and _ (III) amortization of the principal of said note. ~ Any deficiency in the amount of such aggregate monthly psyment shall, unless made good by the 111ortgagor F prior to the due dste of the ne~t such payment, constitute an event of default under this mortgage. At _ Mortgagee's option, Mortgagor N•ill pay a"late charge" not eiceeding tour per centum (4%) of anp install- ~ ment when pa~d more than fiftecn (15) dsys after the due date thereof to cover the extra expense involved ~ in handling delinquent payments, but such "late charge" ahall not be peyable out of the prceeeds of any ssile made to satisfy the indebtedness secured hereby~ unless suc6 proceeds are sugicient to discharge the entire ~ indebtednesa and all pmper costs and eapenaes secured hereby. r 3. If the total of the payments made by the ~~ort~agor under (a) of parngraph 2 precedinr shall e~ceed the ' amount of payments actually made by the ~tort~a~ee, as trustee [or ~,mound rents, taxes and as.gess~nents, and ~ - inaurance premiums, as the ~nse may be, such excess shall be creclited on subsequent payments to be made ~ _ by the ~iortgagor for such items or, at ~torts~aRee's option, as trustce shall be re~~nAed to ~torG~,aror. If, ~ howe~•er, such monthly payments shall not be sufficient Co pay such iterns when the st?me shall becorne dae :t and payable, then the ~1ort~a~or shall pay to the ~fortra~ee a.g trustec any ainount necessary to ~nake up _ _ . $floxs~i ~~E2!~~`~