Loading...
HomeMy WebLinkAbout0192 Tu H~vt: AND TO ~IoLO 1~1C SHIriP, IOE;PlI1P1' N'll~l lIII AII(I SIp~;11INP 1~1C ~PI1PIriPD~c, h~~l'PI~IlAl11P11~S lip1~ M~1~IIf- Irnem•~~s themunto belonkin~ or in Nm•wis~~ xpp~~rtai~ing, Kn~l Ihr rr~~e~~i~m xnd rer~~ni~?ns, r~•mKin~l~~r or re- mainders, and elso all the estnte, ri~;ht, titl~~, interrst, hotn~~st~~ad,`do~vrr Nnd~ri~•.ht ut ~lo~~•~~r, .~•l~xrnle ~•slnte. poss~cSion, claim Nnd demend v?•hatsc~c~~er, e?.g well in le?w Ati in ec~uit}~, ot tl~r sai~l `lurtgage?r in an~l to tlie tiamt•, and e~•er~• part th~reof, with the ap~urtrnxn~~~s o( t~he said \lortgxKor in an~l to th~~ s~?me, end ~~vrry pnr4 nnd. pamel U«reof unto th~ said ~torlR~,me in fe~ simple. The 111ortgagur hereby covenants N•ith tl~c 1lorika};~~~, thxt lu is ind~•f~~asibl}v s~~ize~l of ~xid Ixnd in fee yuu~~u: auc~~ ~iuri iaiaii~~ if iilii'. 'eW i~ Stiiii'i~ fIPPPIR~ I~INI ~1l' I1NS IUIl ~ONP['tl/1~ INN'lll~ il~~l~ l0/'Oll~'P~' l~ll• Sl1IRC as a(oresaid; thet, the lend ia tre~ Irom all ~•n~•umbran~•~~s ex~•rpt as hPre~n otl?crv?~i~~ rei•itcd; that said ~\lort~;agor will make such iurther assurnnces to pro~•e the aforesxid titl~• to seid land in sni~l ~tortkngcc as mw~• tx~ re~on- ably req uired, and that said ?1~1ortKaf;or doc~s her~by iull~~ warrant the titlc to sHi~l land, xnd ~~~•cr~ par1, 11?~reof, and w-ill defend the same xgainst th~ law-ful claims of aIl persons whomsoev~r. Psovinsn ALw~is thwt it thc ~tortgegor shall pay unt<~ thc~ MortRx~cP tl~at ceri~in pmmi~.~r~ notc, of which the tollowing is a substantial cop~•, ta wil: S 12,900.00 Fort Pierce ~ Fiorida.• December 30 , 19 69 FOR VALUE RECEIVED the undersigned promise(s) to pay to the order of the Admi~istrator of Veterans' Affairs, a~ Officer ~of the United States of America, and his successors in such office, as such, and his or their assigns, the principal sum of TWEL~IE THOUSAND hINE HUNDRED and 00/100--------------------------- Dollars($ 12,900.00 with interest fcom date at the rate of eight per contum ( pcr annum on the unpaid balance until paid. The said principal and int~mcl shall t~e payable at thN ofli~•~ of th~ Loan Guxranty Officer~ Veterans Administration Regional Offic~, in St . Paul , MinnesOta , or at such other place as the holder mey designate in writing dcli~ emc! or maile~l to the dehtor, in monthly instalim~nts of One Hundr~Twent~-three anc~ 29/,100---------------- Dollars (~123.29 ~~a- . ~~aRii~('bYiiitT[i~o SUth ciay oi each month thernalter until this note is fully paid~ ekeept thxt, iI not sooner paid, the final payment of principal and internst ai~all be due and peyable on the 30th day of December~ 1984.. Privilege is reserved to prepay at any time, K~thout premium or fee, the entire indebtedness or any part thereof not less than the amount ~f one installment, or one hundred dollars (a100.00), Whiche~er is less. Any prepayment made on other thnn an installment due date will not, tx~ cre~lite•cl until the next folloH inr installment due date. ~ If any deficiency in the payment of any installment under this note is not made goal,prior to t.he due dste of the next such installment, t~e entire principal sum and acrruecl interest shall et once become due and pay- able without notice at the option of the hol~ier of this note. Failure to exercise this option shall not constitute s waiver of the right to exerc~se the same in thc e~ ent 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 1Rw, the undersigned hereby agrce(s) to pay all costs of collection, including a reasonable attorney's fee. This note is given for purchase money of real estate and is secured by mortgage to secure debt of even date herewith~ given end delivered by the undersigned to payee on certain real property described therein. Presentment, protest, and noti~e are hereby waived. $19 . 35 documentary stamps s~ _ Charles__J,__ Hopper'_________________ ~s} ~L] on original note and Charles J. Hooper cancelled. sf _Barbara__D_.__Hopper___________ ~ ~ BBAL ~ Barbara D. Hopper ~3FAL~ ( ~BEALJ And shall duly, promptl~, an~l full~ perform, clischarge, execute, eRcct, complet~, and comply w-ith and abide by each and e~en~ the stipulations, agreements, conditions, and covenants oi said promissory note and of this mortgage, then this mortgage and the estate hereby created ahall cease and be null and void. The ;1lortgagor further covenants as follow-s: 1. That he w~ll pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at anv time, ~vithout premium or fee, the entire indebtedness or any part~ thzreof not less than the emount of one instaflment, or one hundred dollars (a100.00), whichever is less. Any prepayment made on other than an instellment due date will not be credited until the next following installment due date. 2. In order more fully to protect. the security of t.his mortgage, the ~fort~a~or, to~ether with, and in addi- tion to, the n~onthl~ payments under the terms of the note secured hereby, on the instalLnent due date day o[ eech month until the said note is fully paid. Kill pay to the ~lortga~ee as trustee (under the terms of this trust as hereina(ter stated) the followin~ sums: (a) A sum equal to the ground rents, if any, next due, plus the premiums that vvill next become due and pa~ able on policies of fire and other hazard insurance covering the mortgaged propert~ , plus taxes and as.sessments next due on the mortgageci roperty (all as estimated by the ~lortgHgee and of which the ~14ortgagor is notificd) less all sums aPready paid theretor divided bY the number of months to elapse before one month prior to the date v?hen suchgr ound rents~ premiums~ taxes, and nssess- ments vrill become delinquent, such suma to be held by ;1'Iortgagee in trust to pay said ground rents, premiums, taxes, end special agsessments. ~ (b) The a~~reRate of the amounts payable pursuant to subparagraph (a) and those pa3 able on the note ' secured hereby, shaU be paid in a single payment each month, to be applied to the follow•ing items in the order stated: (I) ground rents, taues, assessments, fire, and other hezerd insurance premiums; ~ (II) interest on the note secured hereby; and ~ (III) amortizetion of the principal of said note. Any deficiency in the amount of such aggregate monthly payment shall, unless made good by the riortgagor ~ prior to thc due date of the ne~t, such payment, constitute an event of detault ~nder this mortgnge. At ~ Mortgagee's o~tion, Mortga~or a•ill~psy a"late charge" not exceeding four per centum (4°Jo) of any install- ment when pa~d more than fifteen (15) days after the due date thereof to cover the extra expense involved in handling delinquent payments, but such "late charge" shall not be payabie out o[ the proceeds of any snle made to satis(y the indebtedness secured hereby, unle.9s such proceeds are au~cient to discharge Lhe entire ~ indebtednesa and all proper costs and expenses secured hereby. 3. If the totxl of the payments made by the :~'tort~~gor under (a) of paru~raph 2 precedinr shall ecceeci the amount ot pa~ ments actually ~nade by tF~e ~1ort~agee, as trustee for ~round rents, taxes and assessrnents, and insurance premiums, as the cnse me?y be, such excess shall be credited on subsequent payments to be made ~ by the ~iortga~?or for such iteins or, at \tort~agee's option, as trustec shnll be refunded to ~iort~,aror. If, ~ p~t hov?ever, suct~ monthly pa~•~nents shall not be su(ficient :o pay such iteros when t.he wime shall become due and payable, lhen the ~lort~a~or shall pa~ to the ~tort~iiKee as trustee any a~nount necassary to inake up f.~ Y~ aoo~~.~~ r~cE ~,9~. ~ _ F - ~