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Home My WebLink About2761 r : . ~j ~ , , • ' : ' : 'i ~.a',. ~ + TO HAYE AND TO HOLD f~IC 5Riri8, to~rthe~ wi~h all i?nd sin~~lar t~. e tcnementa, hereditamente and ~ppur- tenanoea thereunt.o bclonging or in.anyw~se aPpertaining, snd the reversion e?nd reve~sions, remsinder or re- ~aainders, and elao sll the eatsto. nght~ title~ interest~ iiomest,cad~ dower und ri ~ u! dower~ separwte estate~ poesesaion~ claim und demsnd whateoever. aa well in law as in equity~ ot the saiJ ~ortgsgoc ia and to the same and every purt W~ereof~ with the appurlennncca ot the said Mortg~?gor in eu?d to the asme, and overy part und parcel U~ereoi urUo the said Mortgsgee in tee simplo. The Mortgagor hereby oovenants vrith tho Mort{~a~eP~ t,hRt, he is indefeas+bly seizod ot said lend in fee simple or such olher eatat~e~ d any, as is ststcd herein; tl?at, he hxs h~ll power and law~ul right to convep the asme ; as aforesaid; ths~ t~ha land is lree trom ~Il encumbrances exoept e?a here?n otherwise recited; thst said 11Zortgagor will make such further assurunces to prove the aforesaid tiWe to said lwd in seud Mo~t~sgce as msy be reason- ~ ablyrequired~ and thst said Mortgagor doea hereby fully watraat the title to si?id land, snd every psrt thereo[, ; aad will defend the same sgrinst the lswful claims ot all persona whomaoever. PROVIDSD ALMAYB U14~ lI ~t18 MO~~A~,O~ Bf111II pAy Uh1~0 ~le M0~1~(.`8 f,IIA~ C6tfAlR promissory note~ of which the following is s aubetar.tial copy~ to wit,: Fort Pierce , Florids. i 11,500.00 June 2 , ~9 70 FOR VAI.UE RECEIVED, the nndersi~nned promise(s) to pay to the order of the Admiaistrator of ~ Veterans' Affairs, an Of~cer of the United States of America, aad his successors in such office, as ~ such, and his or their assi~s, the priacipal sum of ELEVEN TfidUSAND FI~1E HUr1DRED ' and no/100- - - - - - - - - - - - - - - - - Dollars 1, 500. 00 with intereat from date at the rete oi eight & one-half per cenlum ( 8~ per snnum on the unp aid bslance until p~?id. The said principal and interrst. ahwll be payable at the oflicc of the Losn Gueranty O~'icer, Veteru?a Administration ftegional Offic.e, in St. Peterbur , Florida , or at such other lace as tbe holder mw d te in w~riting delivered or mailed to ~e debtar in monthly inatnllmcnts of : N~NETY-1~I0 and - - - - - - - - - - - - - ~ollus (t 92.61 i oommencing on the nd ~ day of July , 197 , and continuing on the ~ 2t1d day of each month thereaiter until this note is fully psid,,~x pt thet, if not eooner ' paid, tha final payment of principsi and interest shall be due and payable on the Ln~ dsy oi ! June , 1995. ~ Privilege ia reaerved to prepsy at any time~ vcithout premium or fee, the entire indebtedness or sny psrt thereof not lesa than the smount of one installment, or one hundred dollars (=100.00)~ whichever is less. Any prepayment msde on other thi?n an inataliment due date will not be credited until the next followin~ inatallment ; due date. ~ Ii any deSciency in the paym ent ot any installment under this note ia not made good prior to the due date of the aext such installment, the entire princ~pal sum and accrued interest ahsll at once become due and pay- able without notice at the option of the holder of thia noLe. Failure to eaercise thia option shall not oonatitute a waiver of the right to eaerr~se the same in the event of any subsequent default. In the event of defeult in the psyment of this note~ snd if the same is collected by an attornoy at law, the underaigned hereby sgree(s) to pay all costs of collection, including a reasonsble attorney's fee. t This note is given for purchase money oi real estate and is eecured by mortgage to secure debt of even i d~te herewith, gi~ en and delivered by the undersigned to payee on certsin real property described therein. Preaentanent, pmtest~ and noti~e are hereby waived. ~ : I S I DVi~['fi~/ N• S~~ IBEAL~ i ~ State Documentary Stamps in the Doiia~d ~1~: ~~~initfi ~ : amount of $17.25 attached t0 _~S~_.CHONG SOOK__SMITH..__ ~gEAL~ i original note and canceled. Chong Sook Smith ~ j - -__~BEXLJ------ 0 t ~ ~BEAL~ ~ And ahall duly, promptly, and fully perform, discharge, execute, effect, camglete, end comply with and abide by each and every the stipulations, agreements, cond~tions, and covensnta of asid~ promissory note and of this mortgage, then this mortgage and the estate hereby created shall cease and be nuU and void. The Mortgagor further covenants as follows: i 1. That he will pay the indebtedness, as hereinbefore provided. Privilege ia reserved to prepay st any time, ~ ~vithout premium or fee~ the entire indebtedness or any part thereof not lesa thsa the smount oi one inatallraent, ~ or one hundred dollars (s100.00), whichever ia lesa. Any prepeyraent made on other Lhan an inatallment ; ~ due date will noL be credited _until the neat follQqring installment due date. . . > ~ 2. In order more ftrlly to pmtect the security of thia mortgage the Mort~aqor,.together with, snd in addi- ; tion to, the monthly paymenta under the terms oi the note secure~ hereby, on the inatallment due date day of ~ ~ each month until the seid note is fully paid, w?ill pay'to .t6e Mortgagee as truatee (under the tera?a of thia ; ~ trust as hereinafter stated) the following sums: . . ! ~ (a) A aum equal to the ground renta, if any, next dne, plus the premiums ~that will next become due end ' ~ payable on policies of fite and other hazard insurance covenng the mortgaged pro~perty~ plus taxee ~ and assessments nex6 due on the mortgsged property (all as estimated by the Mortgagee and of ? ~ - which the Mortgagor is notified) lese all sums already peid therefor divided bY the number of montha ~ • to elspse before one month prior to the date when such~ground rents, pretn~ums, tsxes, and aaseas- ~ ments will beoome delinquent, such aums to be held by Mortgagee in tauat to psy said ground renta, ~ ~ premiums, taxea, and apecial sasessments. ; (M) The aggregate of the amounts payable purauant to subparagraph (a) and those psyable on the note ~ secured hereby, shall be paid in a single payment each month, to be applied to the follovring items t ~ in the order atsted: ' (I) gronnd rents, tsxes~ as~ssmenta, fire, and o,~her hazard inaurance premiuma; ~ 5` (II) intereat on tLe note secured hereby; and F `x: (III) amortization of the principal of said note. Any deficiency in the smount of auch sggregate monthly paymsnt shall, unleas msde ~good bq the Mortgagor ~ prior to t6e due dat~ of the neat such payment, conatitute an event of default under this mortgage. AL ~ Mortgagee'8 option, Mortgagor will pay s"late charge" not eaoeeding four per centum (4%) of any install- 5~. ment wfien paid more than fifteen (15) dsya aiter the due date thereof to cover the ext,n expense involved t in hsndling delinquent payments, but such "late charge" shall not be psyabte out of the pmceeds of any sale # made to satisfy the indebtedness secured hereby, unlesa such proceeds are sufficient to dischsrge the entire ; ~ indebtedness and all pmper coste and expensea secured hereby. ~ ~ 3. If the total of the pay ment,s made by the Mortgagor under (s) of parsgraph 2 preceding shall eaceed the ~ ~ amount of psymente actually made by the viortgagee~ as trustee for ground rents, taxes and asaessments, sr.d ~t~~ insurance prem~ums, ae the case maq be, such exceee ahell be ctedited on subsequent payments to be made ~ ~ by the ;1~1ortgagor for such items or, at Mvrtgagee'a~option, ss trustee shall be refunded to Mort~agor. If, - liowever, such ~nonthl~? psymente ahall not be suflicient „o pay such items when the same shnll become due ~ :~z = and payable, then the tiiortgagor shall pay to th ~iart'agee as trustee any amount necessar~ to~ t~?~b,itp ~ eo K1~4 P~~27'S8 ~i . . _ . , _ . . - _ . . - ..a.,_- ..s:,~*°ry~