The URL can be used to link to this page

Home My WebLink About0902 . , , • ' ~T . ~ TO HAY6 AND TO NOLD ~~IC SAiY1Q~ to~thcr with aU ~nd singulnr the tenr.ments, hereditaments snd appur- tenances thereunt~ l~clongin~ or in dRyN•ise appertainin~, and thP revenion and reversions, rnmain~ler or rc- ~~ainders, and xlso all tho eslatc~ right, title, m1ecE+st, hom~~stcad, do~~•er end ri~hl of duHer~ sepHrxte estate, posscssian, claim ~?nd demand whetsacver, as well in law as in equity, of tl~c sHi~l ~ lortgKgor in and to the sume~ snd evcry part Uicrcot, with lhe appurtPnancca ot the said I1lortg~or in and to t,ho same, xnd ev~ry psrt Rnd psrcel tl~ereof uni,o lhe asid MorlgAgee in fce simplo. The Morlgagor hereby covenants with tho 1Sort~e~eP, th~t t?o is iadP(t•asiblv seiu~ci ot said land in fee simplo or such other estale, it su?y, as is stated hercin; tl~at, he hxs tull power and lawtul rigltt ta convey lhe same as aforesaid; thet the land is lree irom sll encumbrances except xs herein otherwise recited; that said `iorlgagor will make such turther assurances to pro~ e the sfon.•said t,itlc to said lend in swid ~4ortKagce as mey be rcason- sbly required, and that said l~tortgagor docs hcreby fullv warrnnt, the title to sxid land, and every pact thercof~ and v?~ll detend the same against the lawful claims of sll peisons whomsoever. PROVtnEn ALw~vs that it the titortgagor shwil psy unto th~ Mortgx~ce that certain pmmissory note~ of which the following is a subatantisl copy, lo wi~: i 17 , 000 . 00 Fort Pierce , Florida . March 3 .19 70 FOR VAI.UE RECEIVED, the undersigned pcomise(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 SEVENTEEN THOUSAND a~1d tno/100 - - - - - - - - - - - - - - - - - - - - -0ollars ~7 , 000 . 00 with interest from date st ihe rate ofSeVeri & oT1e-half per centum ( 7 per annum on the u~np aid balance unlil psid. The said principal snd int~rnst. si~all be payable et the offi~e of the Losn Guaranty Of~icer, Veterans Admimstration Regional Oflice, in St . Petersbur , Florida , or at such other plece as the holder may d ate ~n writin delivered or m~iled to ~e debtor in monthly ins l cnts of One Hundred Tr?ienty f~ve and 6~/100' s- ~ollars (t 12~. ~ commencin,g on tbe 3rd dsy of April , 19 /U, end continuing on the 3rd day oi eacb month therealter until this noce is fuily paid, except thwt, it not sooner paid, the final payment oi pruicipal and intere9t ahsll be due and payable on the 3rd dey of March , 1995. Privilege is reserved to prepay at any time, vrithout premium or fee~ the entire indebtedness or any part thereof not leas than the amounL of one installment, or one hundred dollars (t10~.00)~ whichever is ::~ss. Any prepayment made on other thnn an installment due date will not be credited until the next follaw~ng installment due date. ~ If any deficiency in the paym ent of any inatallment under this note is not made good prior to the due date oi the neact such installment~ the entire princ~pal sum and ac~rued intereat ahxll st once become due and ~sy- able without notice at the option of the holder of thia note. Failure to e~cerc,ise this option shell not oonst~tute s waiver oi the right to eaem~se 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 ettorney at lsw, the undersigned hereby agree(s) to pay all costs oi collection, including e rea9onable attomey's fee. This note ia given for purchase mo~aey of real estate and ia secured by mortgag+e to secure debt of even dste herewith, given and delivered by the underaigned to payee on certain real pmperty described therein. x Presentment, protest~ end noti~e are her+eby waived. C . ~te2 ; State Documentary Staanps in the GILES ,i~. ~ RHODEY (sE~L~ , - i amount of $25.50 attached to ~iles~~ .~iodey---"--- . t original note and canceled. _LsL-__BE__~_R~__RHODEY___________________ ~SEALJ ` Beryl R. Rhodey i - ~SEAL~ ' - ~ IBEALJ ~ And shall duly~ promptly~ and fully perform, discharge, eacecute, eftect, complete, snd comply w-ith and ' abide by each and every the st~pulations, agreements, conditions, and covenants of seid~ promissory note and ~ ~ of this mortgage, then this mortgage and the estate hereby created ahall ceaee 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 prepsy at any time, rvithout premium or fee, t.he entire indebtedness or any part thzreof not less then the acnount of one u~.stallment, or one hundred dollara (t100.00), whichever is less. My p~repsyment made on other thsa an inatallment ` due date will not be credited until the neact tollowing installment due date. ` 2. In order more fully to protect the security of this mortgage; the :4fortgagor, together with, and in addi- ~ tion to, the monthly payments under the terme of the note secured hereby, on the inatallment due date day of ° each month until the said note is fully paid. will pay to the ~iortgagee as trustee (under the terms of this ~ trust as hereinafter stated) the following sums: 3 (a) A sum equal to the ground rents, if any, next due~ plus the premiums that w'ill next become due and peyable on policies of fire and other hazard inaurance covenng the mortgaged property, plus taaes and assessments next due on the mortgaged property (all es estimated by the :1Zortgagee and of which the Mortgegor ia notified) less all sums already paid therefor divided b~? the number of montha ~ to elapse before one month prior to the date vrhen suchground rents, premiums, Laxes,' and as.~ess- ments will become delinquent, such suma to be held by Mortgagee in trust to psy said ground rents~ ~ ~ premiums, taxes, and special assesamente. g (b) The aggregate of the amounts psyable pursuant to subparagraph (a} and those psyable on the note ~ secured hereby, shall be paid in a single psyment each month, to be epplied to the follovring itema ~ in the order atated: ~ (I) ground renta, taxes, assessments, Ste, and other hazerd insurance premiums; ~ (II) interest on tLe note secured hereby; and (III) amortiaation of the principal of said note. ` ;3 Any deficiency in the amount ot such aggregate monthlv payment shall, unless made good by the 114ortgagor pnor to the due dste of the ne~L such payment, constitute an event of default under this mortgnge. At ' ~ Mortgagee's option, Mort~agor w ill paq a"late eharge" not e~ceeding four per centum (4°Jo) ot any inatall- 4 : ment wfien paid more than ~ifteen (15) dsys after the due date thereof to cover the extra expense ~nvolved f ~ in handling delinquent payments, but such "Iste charge" shall not be payable out oi the proceeds of any sale - made to satiafy the indebtedness secured hereby, unle$s such proeeeds are su~cient to discharge the entire ; indebtednees and sll proper coats end expensea eecured heteby. ~ 3. If the total of the payments made by the Mortgagor under (a) ot paragraph 2 preceding shall eaceed the ~ ~ amount ot paymenta actually made by the Ziortgagee, as ttustee [or ground rents, taxes and as.gessments, and ~ ~ insurance premiuma, as the case may be, such excese shall be credited on subsequent payments to be roade by the Mortgagor for such itema or, at :ltortgaf;ee's option, as trustee shall be refunded to vlortvagor. If, howe~er, such monthly payments shall not be~sufficient ;,o pay such items when the same shall~bepome due ` and payable, then tlie :~iortga~or shall pny ~th~e ~iortgagee as trustee any amount necessarq to mske ~p ~ ~ s~ :,~s - • _s - _ - _ _ . . ~ . t~: