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Home My WebLink About2045 i TO HAYR AND TO HOLD ~1@ SI1[pE~ to~r~her with aU end sin~,n~ln~ ~,he tenements, hereditaments ~n~i sppur- i te~snces thereunt,o ~ctonging or in anyv~nse aPpe~taining~ i?t?d the revcrsian xnd reversions, rrmainder or te- ~ tt~eunders, and ~lso i?Il tho eat,ate, righ~, title, intcrost~ I~o~es ed, dower wnd ri ?hl ut dowrr, se[~are?te est~t,e, on, clsim und demand wh~taoover, as well in la~a it~' ui1~y; ~«t ~turtgsgor in snJ lo the same •np~d every par~ thcreot, v?ith ~he sppurtenancca of tlie'sai~ Mo tgago~anil' ~o the s~?rne, and overy part snd ~ parcel u~ereot unto ~he said Morlgsgee in tee aimplo. ' The Mortgagor hereby eovensnts with tho Mort~a~?, tliM, he is inciptesxiblv ~ised ot snid lsnd in tee ~ simple or such other eatat,e, ~i any aa i~ atated hercin; ll~at he hua tull power and luwt~i! right to convcy tho ssme us uforea~?id; thnt the lend is free ~mm sll encumbrances except as herein o~herwise reciteci; thst said \Sorl~agor will mske such turther ~?esuruncea to prove the ufot~esaid ~i~le Lo said land ia asid Mort~agee ~ msy be rcason- • sblyreq uired~ snd th~t suid Mortgagor does hereby tully wucant the tiWe to said land, snd every psrt thereoi~ and ~vill deiend the same sg~?inat the lawf ul cls'sms ot all peraons whomeoever. Psovtnsn ALa~YS th~t it the Mortgagor ahi?11 pay urtto the Mort{~?gi.~e thst oertain pmmissory note~ of ~rhich the totlowing is a aubstu~tial rnpy, to wit: :14 , 500. 00 Fort Pierce ~ Florid~ . March 24 ,t9 70 FOR VALUE RECEIVED, the uadersi~ed pmmise(s) to pay to the order of the Admiaistrator of ~ Veterans' Affairs, an Officer of the United States of America, aad his successors in sach office, as such, and 6is or their assi~s, the pciacipal sum of FtnJRTEL~"i~1 THOUSAND FNE HUNDRE~ - - - - - - - - - - - - - - - - - - - - - Dollars (~~4 , 500. 00 l, with intereat from d~te at the nt,e ofeight bc otte-h81f per centum per annum on the an aid balonce until pud. Tbe said principal and intPrrst shnll be psyable st the o cc of the Losn Guarant n ~cer, Veteraas Administr~tion Regional 4~cs, in St . Petersburl~, Florid8 , or ~t• suc ~ other place as tl~e holder desig~~te in 'ting delivered or rasiled to t6e debtor in moathl instmllments of ~ HUNDRED SI ~_'1'~ and _76~00- - - - - - - - - - -~o ll~ (t y116. 76 ~ OId~ oommencing on che ` dry oi ApYi1 , 19 ,V, ~nd continuing on the 24th day of e~ch month theresiter until thia not~e ~s fuUy paid, except thet, it not sooner P+~, tbe fin~l payment of principal and int~erest ahsll be due and psysble un Lhe 24th d~y of March , 1995. privilegs is reeerved to prepay at any time~ without premium or fee, the entire iadebtedness or sny put thereof not lees than the amount oi one installment~ or one hundred dollars (i100.00)~ whichever is less. Any prepayment made on other thuz? an inatallment due date will not be credited until the neat tollow7ng installment due date. If any deficiency in the paym ent of any instaliment under this note is not made good prior to the due date oi the next such inatallment, the entire principal sum and accrued interest shall st once betwme due and F~y- ~ble without notiice at_tha option of the holder of thia note. Failure to exercise thia option sh~ll not constitute a wuver of the right to ea~ercise the same in the event of any subsequent default. In the event of default in the payment of thia note, aad if the same is collected by an' sttomoy at law, the unde~igned hereby agree(s) to pay all costs of oollection, including a reasonable a~toraey's fee. This note is given for purchase money of real estate and is secured by+ mortgage to secure debt of even date herewith, given and delivered by the underaigned to payee on certai~ real pmperty deer-ribed therein. Presentment. protest~~ snd noti~ ate heir.by wsived. - --/s/ -BOBBY_ E~_ KINNEY IBEAL~ - State Documentary Stamps in the Bobb E. Rinney amount of $21. 75 attached tO __~~I___~i~i~t__~4l1.~~ ~SEAL~ original note and canceled. Myrtle Kinneq - - - ISEAL~ . IeSALJ , i And shsll duly, promptly, snd tully perform, discharge~ execute~ eRect, oomplete,. and comply with and ~ abide by each and every the stipulations, egreements, conditiona, and covenants of sud~ promiseory note and ot this mortgage, then this mortgage and the estate hereby created shall ceaee and be null and void. l The Morigsgor further oovenanta ~s follows: 1. That he will psy the indebtedneas, as hereinbefore pmvided. Privilege is reserved to prepsy st anp time~ ~vithout premium or fee, the entin~indebtedaees or sny part thareot not lesa than the smount of one u~etallmEnt, o~ one hundred doUaia (i100.00), whichever ia less. Any p~rep~?yment msde on other thaa an inatailment due dste will aot be credited until the nert tollowing installment due dste. 2. In order more fuUy to protect t6e aecwity of this mortg:ge, the Mortgagor, together with, and in addi- tion to, the monthlp payments under the terms of the note secured hereby, on the iastallmeat due date day of each month until the said note is fully paid, will pay to the Mortgagee as trustee (under the terma of t6ia trust as hereinafter atsted) the foIIowing aums: (s) A sum equal to the ground renta, it any, neat due, plus the premiums that will next become due and ru g psysble on policiea of fire aad ather hazard insuraace ooveruig t~he mortgaged pm rty, plua taaes and aseesaments next due on the mortgaged pmperty (sll sa estimated b the ortgagee and of wfiich the Mortgagor ~ notified) less all sums slready paid therefor divided ~~r the number of months - to elspse before one mont6 prior to the dste vrhen auch~ground rente, preminms, tsxes. and asaeas- ments will beoome delinquent, such sums to be held by Mottgagee in truat to p~y ssid ground rente, premiuma, taues, and apecial ~aseesments. ~ (ts) The sggregste of the amounta psysble ~ursusnt to subpsrsgr~ph (s) and thoee psyable an tha note ~ secured hereby, shaU be paid in s single psyment each month, to be applied to the following itema in the order atated: (I) ground rente, taaee, asseesments, fire, 4nd other haaud insurance premiums; ~ (II) inLereat on tLe note secured hereby; and ~ ; (III) amortisation of the principal oi said note. ~ Any deficiency in the'smount oi such aggregrts monthlp p~yment ahall, unlees made good by the biortgagor pr~ior to the due dsts of the neat, such psyment constitute an event of detault under thia mortgage. At Mortgsgee's optioa, Mortgagor will psy a"lste c~arge" not eaceediag four per centum (4%) of any install- ment vv6en paid more thsn ~ifteen (15} dsys ~iter the due date thereof to cover tbe ext,n expense involved in handling detinquent psymente, but such "lste charge" ehall not be payable out ot the proceeds of any sale made to satisfy tbe indebtedness eecured hereby~ unieas sucL pmceeds ue auH'icient to d~schsrge the entire indebtednees aad sll proper caste and expenses aeceued hereby. 3. If the total of the ps~yments made by the Mortgagor under (a) of paragraph 2 preceding ahall eaceed the acrwunt of paqments sctually made by the Mortgagee, ae truatee for gmund renta, taxes and asaesemeats, snd inaurance premiums~ es the case may be, weh ezcees ahall be credited on subsequent psyments to t,e m~de by the Mortgagor for auch items or, at hiortgagee's option, as trustee ahall be re(unded to ~iortoagor. If, however, euch ~nonthl' payments ahall not be sufficient Vp pay such items when the asme ahall bec~me due and peyable, then the l~iortgagor shaU pay to the Mort~agee~ a~, Lrustee anOy R mount necessary W make up ~ ? ~ aoaK1~3 PAGE2O~J ~ .s ~ , ~ y, f ~ ~ ~f~. ~ ; , ~ ~ Y : ~ ~J~~~~~ ~-<a< ,,,,.2~. .~;:yr4 ~.+~°°`e '7,~ ~ . , s~4~"~s`~"~''~`~'~~ . . _ H~~ -