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Home My WebLink About2693 189`7~~~ !i~~ 1 S% E F~oRio~ ? MASTER FORM OF MORTGAGE 3 THIS MORTGAGE. dated the day of ~ A. D. 19 . by and between ~ hereinafter called the Mor~gagor, and Admiuistrator of Vstarans' Affairs hercinaEter called the Wlortgagee, ~ WlTNESSETH, that for valuable considecations. th~ said Mortgagor dces hereb~ grant, bargain. sell and ? convey unto the said Nortgagee all thet certaia parcel of laad of ahich the said Modgagor is now seized and possessed and in ectual possession. situated ia the couaty of . and State of Florida. described as follows: ~ E~ ~ ~ ~ f-~ ~ ~ Toget6er with all structures and impcovemertts now end hereafter on said land, and the rents, issues, and 1 profits of the above described pcoperty (provided~ however, that the ~Iodgagor shall be entitled to collect and retain the said rents, issues, and pcoGts until default hereunder); and all fixtures now or hereaker attached to or used in oonnection with the pcemises herein described and in addition thereto the following described house- hold appliances. which are, and shall be deemed to be. fixtures snd a pad of the realty. and are a portion of the security for the indebtedness herein meationed: v c ° ~ TO HAVE AND TO HOLD the same, and every part thereof. with the appurtenaqces of the said- Modgagor in _ ` and to We same, and every part and parcel thereof, unto the said Modgagee in fee simple. ~ - ~ ~ J Tfie Mlortgagor hereby coveaants with the Alodgagee, that he is seized of said land in fee simple or such other estate, ;f any, as is stated herein; and that said Mortgagor does hereby fully warrant the title to said land, and eveiy part thereof, and will defend the same against the lawfui claims of all persoas whomsoever. _ , PROVIDED ALWAYS, that if the Mo:tgagor shonld pay to the Mortgagee that cedain promissory note of ~ ~ :i even date hecewith, made by the Modgagor and payable M the orcier of the Nortgagee in the principat sum of E X Dollars, peyable in monthly installments to principal and ~ • ; Q interest o~ S startir_g on the day of , 19 , and if not E sooner paid the final payment being due on the day of 19 , or any ~ extensions or renewals thereof and shall fulty pay al! other indebtedness or liability that may become due and ~ owing hereunder and secured heceby, and shall faithfully and prompdy comply with and perfotm each and every ' other covenant and provision herein on the part of the Mortgagor to be complied with and perfoimed, then these i pcesents shail be voici and released at t6e expense o~ the lliortgagor, otherwise to remain in [uiI iorce and efiect. ~ i • ~ The IModgagor further covenants as follows: ~ ~ ~ 1. That he will pay the indebtedness. as hereinbefore provided. Privilege is reserved to pcepay at any time, ~ ~ without premitim or fee, the entire indebtedness or any part thereof not less than the amount of one installment, or ~ ~ one huadred doilacs (~100.00), whichever is 1ess. My prepayment made on other than an installment due date ~ will not be credited until the neat following installment due date. ~ ~ 2. In order more fully to protect the security of this mortgage, the Mortgagor, together with, and in addition ~ to, the monthly payments uaderthe 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 Modgagee as tmstee (under the terms of this trust as heceinafter ~ ~ stated) the following sums: ~ ~ (a) A sum equal to the grnund rents, if any, aext due, plus the pcemiums that will next become due and pay- 7 payable on palicies of fire and other hazard insurance covering the mortgaged propedy, plus taxes and ~ assessments next due on the mortgeged property (all as estimated by the Mortgagee and of which the ~ Mortgagor is notified) less aIl sums already pai~ thecefor divided by the number of months to elapse ~ before one month prior to the date when such ground rents. premiums, taxes. end assessments will ~ become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, premiums, taues, and special assessments. € ~ - t ~ ~ s (b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the note secured ti heceby, shall be paid in a single payment each month, to be applied to the following items in the order ~ stated: ~ (n ground rents, taxes, assessments, fire, and other hazard insurance premituns; F (In intecest on the note secured hereby; and (IIn amortization of the princi~al of said note. ~ :a My deficiency in the amount ot' such aggregate mon~ely payment shall. unless made good by the Mortgagor ~ j' prior to the'due date of the next such payment, constitute an event of default under this mortgage. At Moctgagee's ' ~ option, blortgagor will pay a"late charge" not exceeding of any installment when : ~ ~ ~ OEC 969 26~8388 4~2958 . ~ ~ eooK ~c.~;~6~ ` ~ Y~ ~ ~ ?'E - _ _ , sti s v ~ „er . ~ _ ° . . _ i,. . . _ . . ..~~~ia' ~