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Home My WebLink About1933 TO HAV~ AND TO HOLD ~~l@ SAf11C, to~Plher with all nnd sin~ulHr the I,enements, horeditaments and appur- tenancY~s thereunto bclonging ur in anyw~se appe~tainin~, and the iceversjoq snd rev~rsiuns, n•maiii~le~ or re- tnsinders, and also all the estalc, ~ight~ title, mterc~Qt., I~omest~~ed, do~ver ~l1d ti 6?lit oE do~t?cr; s~~ ~arnte c~stste, poasession, claim And demsnd whatsoever, as well in law as in equity, ot the said 141ortga6or in an~ l0 lI1P slitil@, snd every pa~t 1l~creof~ with ~he appurtNnanccs ot the asici ~'Iortg~ur in and to the samo, ~?nd ~~•ery part and parcel ll~ereof unto t,he said Mortgagee in t~e eimplo. The Mortgagor hereby covenants with tho :4tort~x~,n•~, tl~R~ ho is iad~[easil?lv sc~ized ot said land in foe simple or such other estat.e, d anv, sa is stated hemin; that he h~?s full power and !xH tul rigl~t tu convcy the sume as aforesaid; that the land is freo trom all encumbrances excep~ ns hecein ot,herwise recitcKl; that said tilortgagor v?i11 mske such further assurances to pro~e thc aforesaid titlc to said lsnd in snid Ltort~ngcc as mav be rcason- ably rey uired, and that said Mortgagor doc~s hemby fully warrant the title to said iNnd, an~l evcry part thereof, snd will defend the same sgainst the lawtul claims of all peraons whomso~ver. PROVIDED ALWAYS L}1~~ l~ 1~1C ~~OI'~gBgOf Sf18II pl1~? UR~O ~~IP Mortg~me lha1, certain pmmissor~ note, of which the lollowing is a substantial copy, t,o wit: i 13,000.00 Fort Pierce , Florids. February 3 ,i9 70 FOR VALUE RECEIVED, the undersigned promise(s) to pay to the order of the Administrator of Veterans' Affairs, an Officer of the United States of America, and his successors ia such office, as , such, aad his or their assigns, the principal sum of THIRTEEN THa[JSAND end no/100 i - - - - - - - - - - - - - - - - - - - - - - -Dollars 1~, 000. 00 vrith interest lrom dste at the rate oi sevetl & one-half per cenlum ( 7 per annum on the u~n~paid balence until psid. The said principal and int~rnst sl~all t~c pa} •able at t.he officr of the Loan Guaranty Off?cer, Veterans Administration Regional Offic.e, in St. Petersburg Florida , or at such other pisce as the holder may designat in writing delivered or mxile~i to t~he c~ebtor in monthl installments ot ONE HUNDRED FOKJR a~d 73~100- - - - - - - - - - - - ~ollars (s ~04.73 commencing on t~he rd day of Mareh , 19 7, and continuing on the 3rd day oi each month therealter until this note is fully paid, excep thwt, iI nat sooner psid, the final payment of principal end interest ahall be due and payable on the 3~ dsy of February ,1990. Privilcge is reserved to prepay at any time~ w~thout premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment, or one hundred dollars (t100.00), whichever is less. Any prepayment made on other thnn an installment due date will not be creditcd until the next follow•ing instsllment due date. If any deficiency in the paym ent of any installment under this note is not made goal prior to the due date oi the next such inatallment, the en~ire principal sum and accrued interest shall at once become due snd 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 exemise 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 attornoy at lew, the underaigned hereby agree(s) to pay all costs of collection, including a reasonable attorney's fee. ~ 1'his note is given for purchase money of real estste snd is secured by mortgege to secure debt oi even date herewith, given and delivered by the undersigned to payee on certain real pmperty described therein. Presentment~ protest, and noti~e are herwby waived. /s/__JAMES_H. LASETER III £ - - - - ISF.ALJ 5 James Ii. Laseter, IY~--~-~~~-~~~-- ~ ~ ~ s / _ NORMA K. LASETER _ ~sE ~L] : - : Norma K. I.aseter ~ > ' ISEAL~ : { f ~BEAL~ I ~ And shall duly, promptly, and fully perform, discharge, eaecute, eBect, complete, and comply w-ith and abide by each and every the stipulations, agreements, conaitiona, and covenants of seid~ promissory note and ot this murtgage, then this mortgage and the estate hereby created ahall cease and be null and void. The Mortgagor further covenants as follows: " 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay et any time, ~rithout premium or fee, the encire indebtedness or any part thereof not less than the amount of one installment, or one hundred dollara (a100.00), whichever is less. Any repsyment made on other than an instellment due date will not be credited until the next following ins~ment due date. 2. In order more fully to protect the security of this mortgage, the ~fortgagor, together with, and in addi- tion to, the rnonthly 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, will pay to the Mortgagee as trustee (under the terms of this trust as hereinafter stated) the followiag suma: (a) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and peyable on policies of fire and other hazard insurance covering the mortgaged property, plus teaes - and assessments next due on the mortgaged property (sll 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 W hen suchground rents, premiucns, taues, and asse.gs- ments will become delinquent, such suma to be held by Mortgagee in truat to psy said ground renta~ ' gremiums, taxes, ~nd apecial assess~nents. ; (t?) The aggregste of the amounts payeble pursuant to subparagraph (n) and those payable on the note secured hereby, shall be peid in a single payment each month, to be applied to the following items in the order atated: (I) ground rents, taxes, assessments, fire, and other hazerd insurance premiums; (II) interes~ on the note aecured hereby; snd (III) amortizetion of the principal of said note. Anydeficiency in the amount of such aggregate monthlv payment shall, uniess msde good by the Mortgagor prior to the due date of the next, such payment, constitute an eveat of default under this mortg~tge. At Mortgagee's option, Mortga~or H ill pay a"late charge" not e~ceeding four per centum (4°Jo) o! any install- ment wfien pa~d more than Titeen (15) days after the due date thereof to cover the extra expense involved in hsndling delinquent payments, but such "lste charge" shall not be psyable out of the proceeds of anq sale made to satisfy the indebtedness secured hereby, unlesa such proceeds are su~cient to d~scharge the entire indebtednesa and all proper costs and expenses secured hereby. 3. Ii the total of t6e pa ments made by the Mortgagor under (a) of parograph 2 preceding shall e!cceed the ` amount of paymenta actual~y made by the ~'Iort~a~;ee, as trustee for ground rents, taxes and ss.~essments, and t inausance prem~ums, as the :ase may be, such exceas shall be credited on subsequent payments to be made by the Mort~agor tor such itema or, at ~1ort~agee's option, as trustee shall be re(unded to Vfort~a~;or. If, ~ however, such roonthly psyinenta shail not be sufficient ~o pay sueh items when the same shall become due and payable, then the ~1ort~a~or shall pay to the ~1ort~agee us trustee any aipount necessary to make up ' : dOUK PAI,E v~ l $z ~s ` ~ - - ~ - ~ _~N ~ _ , _ ; ,r . __w:~~