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Home My WebLink About2977 TO HAV£ ANO TO HOLD t~IC SAiI'1@~ to~ether vritlt e1l•~ sin~n~~t}t~d~'f,enemen~4, hereciit,aments and appur- tenanma thereunlo bclonging or in sn~•w~se aQpe~[niding, wnd thc? reversion and r~v~rsions, rnmainder ur re- inainders~ and also uA the cstatc, right, title, ~ntcrest, homestcad~ do~~er an~1 ri ~ht u[ doH•r~~ se1~ar~te ~stale, possession, claim Rnd demand whatsoever, as well in lsw as in equi~y, ot tl~c sai~ ~tortgagor ia snd lo ti~e sxme~ and every pert thcreof~ with the eppu~tenartces ot t,he seid A1ort{;eigor in and to the same, i?nd every part Nnd parcel U?errot unto the asid Mortgi?gee in fee simplo. The Mortgagon c~reby covenants with the ~~ort~x~P, tlu?t he is iadPfeasit~lv scized oi said land in fee simple or such other estate~ d ~u?v, as i3 stated herein; thut, he h~s [ull power and luwtul right lo conve the same as aforesaid; that the land is lreo trom all encumbrances excep~ xs hprein o~herwise recited; that said ~iortgagor will make such further assurxnces to pro~ o the atoresaid title to said lsnd in ssid 11ort~agro as may be reason- sblyreq uired~ and that ssid 11Sortgsgor docs hcreby [ully warrant the tetle to si?id land, an~i every part thercof~ and will detend the same agsinst the lewful clsims ot all persons whomsoovcr. PROVtDEn ALw~Ya thst_ ii_ thc Mortgagor_shnll psy unto the~ Mortgngce _that certain pmmis.~ry notc. of which the lollowing is ~ substantial copy~ to v~nt: i 14,000.00 Fort Pierce , Florids. February 17 , ~9 70 FOR VALUE RECEIVED, We uadersig~ned pcomise(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, and his or their assigns, the principal sum of FOURTEEN THOiJSAND and no/100 - - - - - Dollazs ($1~,000.00 ; with inLerest fmm date st the rate of SeVeII & one-half per centum ( 7 ~Jo) per annum on the u_~n_peid balance until paid. The said ptincipal and intPrcwt. s1~N11 be peyable et the ofi'ice ot the Loan Gueranty Officer~ Veterans Administcation Regional Of!'ice~ in St. PetersbuY' ~ FlOrids ~ or at~ such other elace as the holder ms designate inv~ritin delivered or msiled to t~e dcbtor in monthl t cnls of ONE HUNDRED 1WEL~E and 79/10(f- = - - - - - - - - ~ollars (s commencing on the 17th day of March , 19 7Q and oontinuing on the 17th dsy of each month thereafter until this note is tully psid, except that~ if not sooner paid, the final payment oi princi sl and 'u?terest shsU be due wd paysble on the 17th dsy oi February , 19~0. Privilege ia reserved to prepay st sny time, without premium or fee, the entire indebtedness or any part thereof not lesa then the amount of one installment~ or one hundred dollara (s100.00), whichever is less. Any prepayment made on other thRn an installment due~date will not be cmdited until the neat follov?7ng installment due dste. , If any deficiency in the payment ot any installment under this note is not msde good prior to t,he due dste of the next such installment~ the entire principal sum end sa;rued interest shnll at once become due und pay- able without notice at the option of the holder of this note. Failure to eaercise this option shall not constitute a waiver of the right to exem~se the same in the event of any subsequent detault. In the event of default in the peyment of thia note, and if the same is collected by an at~tomey at lsw~ the unde~signed hereby agree(s) to c pay all costs of collection, including a reasoneble attorney's fee. This note is given for purchese money oi real estate and is aecured by mortgage to secure debt of even ; date herewith, given and delivered by the undersigned to payee on certain real property described therein. Fresentment, protest, and noti~e are herr.by waived. , /s/ GEORGE W. PECK .TR•_._.___. _ ~SEAL ~ State Documentary Stamps in the ~~orge W. Peck, Jr~ ~ ; amount of $21.00 attached to _I_sl__MARY__~~__PFG~.------------------------ [se~L] ~ original note and canceled. Mary S. Peck r ~8EALJ ~ E f IBEAL~ ' ~ And shell dulp, promptly, and fully per[orm, diacharge, execute, ef~ect, complete~ and comply with and ; abide by each and every the st~pulations, agreements, conditiona, and covenants of said~ promissory note and ~ ~ ot this mortgage, then this mortgage and the estate hereby created shall cease and be null and void. ! 'r The Mortgagor further covenants as follows: ; ~ 1. That he will pey the indebtedness, as hereinbefore provided. Privilege ia reserved to prepsy st any time, ; ~ ~vithout premium or lee~ the entire indebtedness or any part thereof not less than the amount of one inatallment~ ~ ~ or one hundred doUara (t100.00), whichever is less. Any prepayment msde on other than an inatallment ~ due dete will not be credited until the next following instaUment due date. 2. In order more fully to protect the security of thia mortgage, the Mortgagor, together with, and in addi- ~ tion to, the monthly payments under the terms of the note secured hereby, on the installment due date day of ~ each month until the said note is fullv paid, will pay to the tifortgagee as trust~ (under the terms of t6is ; trust as hereinafter stated) the following sums: _ ~ (s) A sum equal to the ground rents~ if any, next due, plus the premiums that will next become due and ; ~ psyeble on policies of fire and other hazard insursnce covering the mortgaged property, plus texes ~ ~ and assessments next due on the moctgaged roperty (sU as estimsted by the Mortgagee and of - ~ which the Mortgagor is notified) less aU sums aPready paid therefor divided b~ the number of montha ~ to elapse before one month prior to the date vrhen such~ground rents~ prEmiums, taaes, and as.~ess- ~ ments vrill become delinquent, such auma to be held by Mortgagee in trust to psy said ground rents, ~ premiums, taacea, and apecial assessments. > (b) The aggregate of the amounts peyable pursuant to subparagreph (a) and those payable on the note secured hereby, shall be paid in a single payment each month, to be applied to the following items in the order atated: ~s (I) ground renta, tases, asae,samenta, fire, and other hszard inaurance pcemiums; ' (II) interest on tLe note secured hereby; and (III) amortization of the principal of said note. 'vi Any de6ciency in the'amount o~ such ~ggregate monthlv payment ahall, unlesa made good by the Mortgagor pri~r to t6e due date of the ne~L such paymept, constitute an event of detault under this mortgxge. At Mortga~ee's option, Mort~agor w ill pay s"late cbarge" not exceeding [our per centum (4%) of any inatsll- _ ment wben pa~d more than $fteen (15) days after the due date thereof to cover the extra expense involved Y in handling delinquent payments, but such "Iste charge" ahall not be payable out of the proceeds of any sale made to satisty tbe indebtedness secured hereby~ unless such proceeds are sufficient to d?scharge the entire ~ _ indebtedness and all proper costs and eapenses secured hereby. p ~ 3. If the total of the paymenta made by the Mortgagor under (a) of paragraph 2 precedinr shall e~ceed the ~ ~ amount oI peymenta ectually made by the tiortgagee, as trustee for ground rents, taaes and assessments, and ~ insurance premiuma, as the case may be, such excesa shall be credited on subsequent psyments to be made by the Mortgagor for such items or, at ~tortgagee's option, as trustee shall be refunded to :1~Iort~a~or. If, ~ ~ however, such monthly pa~ments shall not be sufficient Lo pay such items when the same shall beoome due _ and payable, then the ~fortgagor shall pa~ to the ~tortga£;ee as~~ amo ty to make up ~ _ = _ : _ e ~ _ _ _