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Home My WebLink About2574 i TO NAY~ AND TO HOLD L~IC SA1118~ to~e~her with ~11 snd singular the tenements, hereditamenta ~nd sppu~- t,en~nces thereunto Mlongi~g or in sny~vise appertaining~ nnd the rPVersion Nnd reversions~ remainder or re- tnainders, and elso ull tho eetate~ ~ight~ title~ tnteroa~~ l~omestcad~ ~lower and ri ~hl u~ JoNrr, separNte estale, possession. cl~im nnd demand whsteoover~ as weA in lsw ss in equity~ ot the sxid ~ioctgagoc.iq t~nd to the ~e and every purt tliereot, with the sppurtenenccs ot the said Mortgsgor in and to tt?8 sar~e; tuCd eve~y .par1 nn~ parcel thereo[ unto t,he asid Mortgsgee in tee simplo. The Mortgagon c~reby c~ovenanta with tho Mort~s~, tl~et he ia inclefeasibly sciaed oi said land in fee simple or such other estet,e, ~i sny, as ia st.atrd hercin; that hc hxs full power and luw~ul right to convcy the same ss ufores~ud; lhst the land is lree irom sll encumbrances excep4 ns herein olherwiso recitExl; that said \Sort~agor wiU make such turther assuri?nces to prove the atoresaid t,itle to said lu?d in said Mart~ngco as msy be rcason- ~blyreq uired, i?nd thst said Mortgsgor docs hereby Iully warraat the title to snid 1Rnd, ar?d every par6 thereof~ •nd will defend the same against the lswtul clsims of all persona whomaoever. PROVinsa ALweYa thst it thcs Nortgagor ahnll psy unto the Mori~sgee lhs~ certain promissory note~ ot which Lhe following ia a substantial copy~ to wit: = 12 , 200. 00 Fort Pierce ~ Ftorids . r~y Zs ,19 ~o FoR VA[.UE RECEIVED, the uadersigned promise(s) to pay to the order of the Admiaistrator of Veteraas' Affairs, an Of~cer of the Uaited States of America, and his successors ia such ofGce, as such, and bis or their assigas, the principal sum of ~LVE THOUS ~10 HIJNDRED and no/100' s- - - - - - - - - - - - - - - - Dollars 2 200. 00 with intereat from de?te et the rate oi eight & otle-half per centum ( 8 ~Jo) per annum on the unp aid balance until paid. The said principsl and intprc~st. shwll be psyable at the officc of the Loan (3uaranty Otficer, Veterans Administration Regional Oftice, in St . Petersburg ~ Florids , or at such other plsce as the holder msy d ate in writing delivered or mailed to t~e debtar in monthl insta?llments of Ninety-ei~ht a~d ~33 ~ 100- - - - - - - - - - - - - - ~ollsrs ~8. 33 commancing on e 8t day of JL111@ , 19 7a snd continuing on the Ltith day of each month thernatter until thia note is tully paid, except thnt, iI not sooner paid, the finsl payment oi prtncipal and interest ahall be due end payable on the 2$th dsy of r~y , 1995. Privilege ia reserved to prepay at~ any time, without premium or lee, the entire indebtedness or any part thereof not lesa than the ~?mount of one installment, or one hundred dollars (=100.00)~ whichever is less. Any prepayment msde on other than an installment due date will not be credited until the next folloW ing installment due dste. If any deficiency in the paym ent oi any installment under this note is not made good prior to the due date of the next such installment~ the entire principal sum and ac~rued interest ahall et once be~wme due and pay- able without notice at the option of the holder of thia note. Failure to eaercise this option shsll not constitute s wsiver of the right to exem~se the same in the e~ ent of any subsequent default. In the event oi default in the psyment of this note~ and if the same is collected by an attomey at lsw~ the undetsigned hereby agree(s) to pay all coats oi collection, including a rea9onable attomey's fee. This note is given for purchsee money of real estate and is aecured by mortgage to secure debt of even dste herewith, given and delivered by t~he undersigned to payee on certain real property descnbed therein. Preaentment, protest~ end noti~e sre herwby waived. State Documentary Stamps in the _/s/ A1~RES E. PARRAMORE___________ ~S~~L~ - - - ' amount of $18.30 attached to AmbreDs E. Parramore ` _~s~__~F~J~i?7XF_3__ll~---}i?i~~Fl~AQ~~+F!----------- ISEAL~ ~ ~ ' original note and canceled. Brenda K. Parramore ~ f IBEAL~ ' ~ } I tBEALI 1 ~ And ahall duly, promptly, and fully perform, discharge, execute, effect, complete, and comply with and ; ~ abide by each and every the st~pulations, agreements, conditions, and covenants of said~ promissory note snd of thia mortgage, then this mortgage and the estste hereby creeted shall cease 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, ~vit~out premium or fee, ihe entire indebtedness or any part thareoi not less than Lhe amount of one installment, ~ or one hundrec! dollara (i100.00), whichever is lesa. Any prepayraent made on other than an inatallment due date will not be credited until the next following installment due date. 2. In order more fully to protect the security of this mortgage, the ~7ortgagor, together with, and in addi- tion to, the monthly paymenta under the terma of the note secured hereby, on the inatallment due date dsy of each month until the said note is fully paid, will pay to the ~iortgagee as trustee (under the t,erms of this trust as hereinafter stated) the following sums: (e) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and payable on poiicies ot fire and other hazard insurance covenng the mortgaged gropert~ , plus taxes and assessments next due on the mortgaged property (all ea estimated by the Mortgagee and of which the hiortgagor is notified) less all sums already paid therefor divided b~ the number of months ~ to elapse before one month prior to the dste arhen such~ground renta, premiums, taues, snd essess- ments will become delinquent, such suma to be held by Mortgagee in trust to psy said ground rents~ ~ premiums, taxes, and special assess~nenta. (b) The aggregate of the amounta psyable purauant to subperagraph (s) and those payable on the note ~ aecured hereby, shall be paid in s single payment each month, to be applied to the following items in t~e order stated: ~ (I) ground renta, taxes, assesamenta, fire, and~ other hezerd inaurance premiums; t (II) interest on tLe note secured hereby; and ~ (III) amortizstion of the principal of said note. ~ My deficiency in the amoVnt of such aggregate monthly payment shall, unlees made good by the Mortgagor ~ pr~or to the due date of the ne~l, such payment, constitute sn event oi default under this mortgnge. At Mortgsgee's option~ Mortgagor v? ill pay a"late charge" not exceeding four per centum (4%) of any ~nstall- ment when paid more than fiftcen (15) dsys siter the due date thereof to cover the extra expense involved ~ in handling delinquent peyments, but such Iste charge ahaU not be payable out of the proceeds of sny snle ; ~ made to satiafy the indebtednesa secured hereby, unlesa such proceeds are su~cient to d~scharge the entire indebtedaeae snd all proper co~te snd expenaea secure~ hereby. ~ 3. If the total of the payments made by the Mortgagor under (a) of paragraph 2 precerling shall eaceed the ~ ~ amount of paymenta actually made by the Mortga~;ee, as truatee for ground rents, taxes and as.qessments, and insurance prem~ums, aa the case may be, such ea~cess shall be credited on subsequent payments to be made :3 by the Mort~agor for such itema or, at. ~iort~agee's option, as trustee shall be refunded to ~iortoagor. If, : t~owever, such monthly payments shell not be sufficient :,o pay such items when the same s~allbecp rne due n~ p y ~;a~; p ~a~ee as trustee any amount necessary to~ ske up 4 and a able, then the ~iort or shall ay to the ~iort ~h ~ 800K 1~~ PAGE j ~ . , _ _ w,_