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Home My WebLink About0394 , S To H~ve ~rrn ~ro Hoi.n the same, to~ether with all ut~d sinRulwr the tenements, hereditaments and sppur- ~ fxnancea t,hereu~.to ~clonging or in anyvYise aQpertaining, ~d the C+eversjun ~nd revaraions„remein~ler ar rc- ! insinders; ~?nd ~It the est;t~?ight, title, ~n~eresl, hanestrad, dower:AAd~ti6tit o~ ~owar~ ~t~ar~te estate, possesaion~ c~laifn at~d demend Mbsisoever, as well ia law ss in equi~y~ o~ tlic said ~lor4gw~ror ~n and lo tlie s«me, and every p~t tl?ereot, with the appurte~ancea oi the asid :~tortgngor in und ta the same, wnd ~very part and pucel ll?ereot unto tihe said Mortgsgee in tee simplo. The Mortgsgon c~reby oovens~ts vrith tho Mortgs~e, 11iat he ia indpieasiblv seized ot saici land in fee ' simple or such other est.ste~ d any, as is stated i?emin; the~ he hns fult power and law~ul ri~;ht to convev the ssme E as aforesaid; thpt the land is treo from nll encumbrancea except as herein otherwise recited; that said titorlgaRor ; will mske such further assurunces to pro~o the ~tomsaid title to said lsnd in ssid ~4ort~n~rro ss may be rcason- ~ ablyrequired, and that suid Mortgagor dces hcreby tu11y WalTSR~ W18 ~IL~@ t0 8R1(~ I8I11~, snd every part thereof~ ~ ~nd will defend the same againat the lswful claima oi aU persona whomsoever. PROVtn~D ALw~tra th~t it lhe Vtortgagor ahull psy unto the Mortgagc~e thst certain promissary note, of wAich the following is s substantial copy~ to wiL: i 13,000.00 • Fort Pierce , Florids. February 3 ,1s 70 FOR VALUE RECEIVED, the undersigi?ed promise(s) to pay to the order of the Administrator of Veteraas' Affairs, aa Officer of the Uaited States of America~ aad bis successors in such office, as such, and his a their assigps, the principal sum of TfiIRTEEN THOUSAND and no/100 ~ _ ~ ~ _ _ _ ~ ~ - - - - - - - - - - - - -Dollars 1~, 000: 00 with interest from dste at the rate oi Sevetl & one-half per centum ( 7 per snnum on the u~np aid balance until paid. The said principsl and int~rrat shnll be pay able st the oflice of the Loan Guaranty O~'icer, Veterans Admitustration Regional Offic.e, in St. Petersburg Florid8 , or at such other pl~ce as the holder may designa in writing delivered or msilc~ to the c~ebt~r ia monthl inata?llments oi ONE HIINDRID FOUR g~d 73~100- - - - - - - - - - - - ~ousrs (a ~04.73 commencing on the 3rd day of MBrCh ~ 19 7, and continuing on the 3rd day of each month thereafter until this note ia fully psid, excep thAt, if not sooner p~id, tLe 6nal pwyment of principal and intereat ahall be due snd payable on the 3~ dey of February ~1990. privilege is t~eserved to prepay at any time, aithout premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment~ or one hundred dullara (i100.00)~ whichever is less. Any prepsyment made on other than an inseallment due date will not be credited unti! the next following installment due date. + It uuy deficiency in the psym ent of any instaliment under this note is not made good prior to the due date of the next auch instsllment, the entire princ~pal sum and acrrued interest shall et once become due and psy- eble without notice at the option of the holder of thia note. Failure to exercise this option shali not constitute a waiver of the right to exerc~se the same in the event oi any subeequent default. In t6e event of default in the psyment of this note, and it the same is collected by an attotnoy at law~ the undersigned hereby egree(s) to psy all costs oi collection, including a reasonable sttorney's fee. This note ia given for purchase money of real estate snd ia secured by mortgage to secure debt of even ; date Lerewith, given and delivered by the undersigned to payee on certain real pmpesty desc-ribed therein: + Presentment, protest~ and noti~e are hetr.by waived. - /s/__JAMES _H. _ LASETER III________ ~BE~,,~ ~ James H. Laseter;~ YY'~-------- 1s/_ NORMA_K. LASETER [aewL] Norma K. Laseter , ; ra~.._~ E I ~ IBEAL~ 't e And shall duly, promptly, and fuUy perform, diecharge, ~.:2:.u•.~,, ~ffect, complete, and comply v?~th snd i abide by each and every the stipulations, agreements, conditions, and covenanta of said~ pmmiasory note and ~ ot this mortgage, then this mortgage and the eatate hereby created shall cease and be null and void. ; ~ The Mortgagor further oovenants as followa: ~ 1. That he ~~ill pey the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, ~vithout premium or fee~ the entire indebtednesa or any part thereof not less thsn the amount of one u~atallment, ; ~ or one hundred dollara (i100.00), wrhichever is less. My p~repsyment msde on other than an installment due dste will not be credited until tLe ne~ct following installment due dste. ~ 2. In order more fully to protect the security of this mortgage, the Mortgagor, together with, and in addi- tion to~ the monthlq payments under the terms of the note secured hereby, on the mstallment due date daq of ' he said note is full aid, vrill a to t6e Mor ee as trustee under the terms of this ~ trust es hereinafter stet~ed) e olIowing sums: ~ ~ (s) A sum equal to the grouad rents, if any, next due, plus the preraiuma that will next become due and paysble on policies of fire and ~ther hazard inaurance covermg the mortgaged propehy, plus taxes ~ and assesaments next due on the mortgaged property (sil sa estimated by the Mortgagee and oi ; ~ which the Mortgagor ia notified) less all sums already paid theretor divided b~r the number oi montids ~ to elepse before one month prior to the date vvhen suchground rente, precYUUms, tsxes, and assess- ~ menta will become delinquent, such aums to be held by Mortgag~ee in truat to psy asid gcound renta, ~ premiuma, tsxes, and apecial assessments. . ~ (b) The sggregate of the amounts psyable pursuant to subparagraph (a) and those psyable on the note ~ secured hereby, shail be paid in s single payment each month, to be spplied to the folloa~ng itema in the order stated: i - (I) ground rents, tues, assesaments, Sre, and other heaard insurance premiums; ~ ' (II) interest on t1~e note eecured hereby; sud ~ (III) amorLizetion ot the principal of esid note. ~ Any deficiency in the amount of such aggregate monthly psyment ahsll, unlesa msde good by the Mortgagor ' pr~Mr to the due dat~ of the ne~t such payment, constitute sa eveat of default under this mortgRge. At r~= Mortgagee's o~tion~ Mort~agor w ill pay s"iate charge" not eaceeding four per centum (4%) of anp install- ment when pa~d more than $ftcen (15) daya stter the due date ~hereof to cover the eatn expense involved in handli delinquent pa ents~ bu6 such "Iste charge" shaU not be payshte out of the pcoceeds of anp ssle ~.r~ tnade to s~atisfy the indebt~edness secured hereby, unless sucL proc~ds are su~cient to discharge the entire indebtedness and all pmper coeta and expensea secured hereby. ;F;~ 3. If the total of the psyments made by the vlortgagor under (s) of paragraph 2 preceding shall e~ceed the ~ F~ amount of payments actually made by the Mortgegee, aa trustee for ground rents, taxes end assesa~nents, and ! :e;: inaurance prem~ums, as the case may be, such excess ahall be credited on subsequent payments to be made by the Mott~agor for such items or~ at Mortgagee's option, as trustee shall be refunded to V1ort~agor. If, however, such monthl~? payments shall not be suflicient Lo pay such items when the same shall become due ~ai?~ pAy~ble, then the ~tortga~or shall pay to the vortgagee as trustee an~ arppunt necessary to make up ~ ~Y=~ ° R 183 ~ 394 -p . ~OD~c ~ 60uK ~~2 PAGf 1vj~~7 - _ - t:=~ . -