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HomeMy WebLinkAbout0307 i TO NAVF AND TO IIOLD 1~IP sRI11C, tz~~eth~r N•ith all nnd sin~ular the ten~vn~n44, here~lit.xments anJ appur- te~an~Y~s Ihemunto t~~longin~ ur in snvN•i~~ NE~pertaininK, and th~~ r~•~•erni~?n i~nd iti~•~~t~iont, r~•mainder or r~~- mainders, nnd elso all the estat~, right, titl~~, u~t~~rest, hum~~st~~x~l, do«~~•r and ri~iU ut clo~~•~•r, s~• ~xrate ~•state, posscssion, rlaim xnd demor?d whhtsc?e~er~ es well ir? law s~ i~ ~~q~~ity, of th~• sxi~l \t~~rt~;N~;ur in an~~ t<~ the same, and ~very par~ th~rcot, K~ith the appuMrnxnces ot the said ~1c~rtg~or in and to th~~ same, and ~~•ery pert Hnd psmel thrrnoi unt4 the said htortg~,?ee in fec simple. The Mortgx~r herel~y covcnants w•ith the 11ort~;xK~e, thal he is indt~t~n~ihl~• ~•iud of sxid land in tee simple or such other estste, d an~•, as i, stat~•d h~~r~~in; tl~e?1 h~• hns (ull ~x~v?er and le?N•~ul riKl~t tu ~•omr~• tfie same as afomsaid; thnt the land is fr~e !rom all ~~n~umbrances ex~•epl as hPre~n atherwi~~ recit~Kl; thal said .~tort~;x~or will make such further assuranci~s to pm~•e the afonwaid title to sai~l land in sni~l \turlRa~~ as mHy l~e re~son- ablyreq uirnd. and thet said ~1ortKagor docs hcrnby fuilv warrant, the title to sHid Innd, and ~~v~~ry part ti~ereof~ and will d~fend the same a~;sinst th~ l~wful claims oI aIl persons whomsoever. PROVID6D AL~YAYS 1.~1BL 1~ ItIC ~t01'I~,N~,OI' S~IAII PAV UI1~0 ~fl@ ~IOI'~~R~,l~e thAt certain promi~sor~ iiot~, ot which the following is a substantial copy, lo v?il: i 8,200.00 Fort Pierce , Florids. January 6 , 19 70 FOR VAI.UE RECEIVED, the undersigned promise(s) to pay to the order of the Administrator of Veteraas' Affairs, an Officer of the United States of America, and his successors in such office, as such, and his or their assigns, the principal sum of EIGHT THOUSAND 14d0 HUNDRED and no/100- - - - - - - - - - - - - - ~ - - Dollars 200. 00 with interest from date at tl~e rate of seven & one-half per centum ( ~ °Jo) per ennum on ti~e u~n~paid balance until paid. The said principal and int~rnst shHll bc ayable at ~ ofTis•~ of the Loan Guarnntv Officer, Veterans Administration Regional Oftice, in St. Peter~buY'g ~~~Orida , or at suc•h other place ~ the hold r may desigr?ate in writing delivered or meile~l to the dcl,tor~ in monthl~~nss~lm~nts of SIXTY and 60f100- - - - - - - - - - - - - - - - -.,~ollars_ (s • b _ _ commencing on the av o , , an con inuing on e bth day oi each month thereatter until this note is fully paid, except thRt., if not sooner _ Qaid~ the final peyment of principal ancl interest ahell be due and payable on the 6th day of JanuarX , 95. ~ Privilege is reserved to ptepa,y at any time, wlthout premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment, or one hundred dollars ($1Q0.00), ~hi~he~ver is less. Any prepayment made on other than en installment due date w•ill not he crediteci until the next follow•in~ installment due date. If any deficiency in the payment of any instaUment under this note is not made ~oal prior to the due date of the neat such installment, the entire principal sum and accruc~i interest shAll et once become d~e and pay- able without notice at the option of the holder of this note. Failure to exercise this oPtion shall not constitute a waiver of the right ta exerc~se the same in the event ot eny subsequent default. In the event. of default in the payment of this note, and it the same is collected by an at.torney at lAw, the undersigned hereby agree(s) to pay all costs of collection, including a reasonable attorney's fee. This note is given for purchase money ot real estate and is secured by mortgage to secure debt o[ Fven dete herewith, given and delivered by the undersigned to payee on certain real property described therein. Presentment, protPSt, and notiee are hereby waived. State Documentary stamps in the -~5~--~~- [s*~ALJ amount of $12.30 attached to Julian Curl ! original and canceled. -~~~--~~~~x- ~VO~TE__~~________ [se,Lj ; Shirley Yvonne Curl ~ ~Sf:AL~ ~ IBFALJ And shall dulv, promptl~, an~l fully perform, discharge, execute, effect, complete, and comply e-ith and ebide by each and e~ery the stipulations, agreements, conci~t~ons, and covenants of said~ promissory• note and oithis mortgage, then this mortgage and the estate hereby created shall cease and be null and-void. The Mortgagor further covenants as follows: 1. That he w-ill pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay et anv time~ ~vithout premium or fee, the entirc indebtedness or any Qart thereof not less Lhan the amount of one insta~lment, or one hundred dollars (E100.00)~ whicliever is less. My prepayment made on other than an instellment due dete will not be credited until the next following instellment due date. 2. In order more fully to ptotect the security of this mortgage, the ~lortgagor, together with, and in addi- tion to, the monthly payments under the terms of the note secured hereby, on the ~nstallment due date day of ~ each month until the said note is fully paid. will pay to the ~tortgagee as trustee (under the terms ot this trust as hereinafter stated) the following sunzs: (a) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and payeble on policies of fire and other hazard insurance co~ering the mortgaged property, plus taxes and assessments next due on the mortgageJ property (all as estimated by the ~1ortKagce and of ~ which the :1lortgagor is notified) less all sums already paid therefor divided bx the number of months ~ to elapse before one month prior to the date W hen suchground rents, premiums, taxes, and assess- ments will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, ~ premiums, taxes, and apecial assessments. (t?) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the note ~ secured hereby, shall be paid in a single payment each month, to be applied to the lolloH-ing items in the order atated: ~ (I) ground rents, ta~ces, as.gessments, fire, and other hazerd insurancc premiums; (II) interest on tbe note secured hereby; and (III) amortization of the principal of said note. ~ Any deficiency in the amount of such aggregate monthly payment shall, unl~s made good by the rtortgagor ~ prior to the due dste oi the nexl, such payment, constitutc an event of default under this mortg~?ge. At Mortgagee's option, Mortgagor w~ill pay a"late charge" not e~ceeding four per centum (4%) of any install- ment when pa~d more than fiftecn (15) daya after the due date thereof to cover the extra expense involved in handling delinyuent payments, but such "late charge" shall not be payable out of the prceeeds of any sale made to satisfy the indebtedness secured hereby, unless such prceeeds are sufficient to discharge the entire indebtednesa and all proper costs and expenses secured hereby. ~ 3. If the total of the payme~ts made bv the ~tort~a~or under (a) of par~rraph 2 precedin~ shall exceed the ~ amount of payments actually made by the ~tortga~ee, as trustee for ~round rents, taxes and a~.gessments, and insurance premiums, as the case mn} be, such excess shall be credited on subsequent pa~ments to be made by the ~tortga~:or for such ite~ns or, nt \tort~a~ec~'s option, as trustee sl~all be refundcd to ~tort~,a~or. If, hov?e~~er, such monthly patments shall not be suffic~ient to px~ such it~ms when t.he same shall become d~e and payable, then the ~fort~a~or shall pa~ to the ~tort~a~;ee as trustee an~ amount necesyary to make up ~ r~ BilC+t 1~z PAiE JQ5 - - =r ; - - - -