HomeMy WebLinkAbout0741 To He~s ex~ To Hoaa the s~me~ tqr+ther wit,h sU and sin~~is~ the 1,enements, heredit~ments and ~ppue~
t~ensa~es thereunt,a l~Joagi~g oe in.~nyw~se ~ppe~txining, Rnd the reversio~ end reveraions~ remaimle~ or re-
mainden and ~Iso aU the ata?to~ ngh~, litle~ tnterest,~ hom dq e~~qd r' dowee sep~r~le estate
p~o~aeaeion. claim ~nd demand whataoevee~ as weU in l~w ~s i e~u~~jr+~ tho"dwid~e~gor ia ~nd t,o the same
~ and every p~rt tt~~reot~ r?ith tha sppuru?nnncos ot the ssid ~o~tgegoc ui and to the s~me~ ~nd ovcry p~rt and
patrxl thereof e~nto the aaid Mortgagee i~ fee simple.
The Mortgag~or horeby oovenant,a wi~h the Mort{~sRee~ thRt he is indefe~sibl~r seirad ot said l~nd in fee -
simple or such olher estats~ ii any, as is atated heroin; Uut he hus tuU powec and I~wil~l ri~h~ to oonvoy t,he sune
aa ufores~id; th~~ the land is free fmm all encumbranoos except ae herein ot,herwise recitscl. tti~~ said hiortgagor
~vill tn+?ke auch iurther sssutxnces to pmve ihe ~toe~said tiWe to asid l~r?d in a~id Mort~gce as ~u~y be roason-
sblyr~ uired, and th~t said Mortgagor does hereby fully war~wt the title to asid lAr?d, and every part therooi~
and will defend the same ~inst the lawf ul cl~ima oi all pcreons whomaoever.
PROViasa ALw~YS th~L it the Mortgagor sh~tl p~y unto the MortgRgee that cert~in promisaory note~ oi
which the foliowing is ~ subat~nti~l coPY, to wit: -
= 17 , 500. 00 Fort, Pierce , I~orida .
June 17 •ls 70 .
FOR VAI.UE RECEIVED, the andersi~ed pmmise~s) to pay to the ocder of the Administcator of
Veterans' Affairs, an OfHcer of the United States of America, aad his successors in snch of~ice, as
snch, ead bis or their assi~s, the p~iacipel sum of SEVENTEEN THOiIg~ ~IVE HtTNDRED
and~ino/100---•-------------~oliacs(~1,SOu.00
with intereat from date ati the r~?te of seven & one-half pec centum ( 7~ per annum oa the
u~np sid balance until psid. The said princa and iat4~rst. sh~?11bg a able the off~ ott,~8 Losn (3usranty
O~oer. Veterans Adminiatntion Regional ~ ce~ in St . Y~ty@]CSU~rg ~ 1{lOriaB , or at such
other pl~:e as tLe holder muy designste in writin elivered or msile~i to the debtor ia mon~, ina mcnts of
ONE l~tJND -1WENTY- and 3~ ZQO- - - - - - - - ~pUars (=I29.~
ooiameacmg Qq e ~ dsy of Julp ~ 19 / u, ~ snd coatinuing on the
l/~ dty of each month thereatter until tbis nota is. fully psid, exoep
~ thst, if not sooner
p~id, the Snal psyment of princip~l and iatereat a1u11 be dus and poyable on. the . 1/ th~ dey of
June , 1995.
Privile~e ia reeerved to prepay at any time, without premium or fee, the entire indebtsdnesa or sny put
tl~ereof not lees than the ainounL of one inatsllment~ or one hundred dollara (i100.00), whichever is less. Any ~
prepaymenti made on other than an inatallment due dste aill not be credited until the next foDowing inatsUmeat
due d~te. .
If any de6ciency in the psym
ent of any instaUment under this note is not made good prior to the due dste
of Lhe nezt such installment, the entire.,~~ac~p~l anm and ux:rned interest shall at once beoome dus ~?nd psy-
sble ~vithout notice st the optioq ef ~he holder of Lhis note. Failure to exerciee thia option shsll not oonat~tuts
. s wsiver of the r
i g
ht to ezercise the same, in th g.eveat of .sn
y au
b
s
e
quent default. In the event oi defeult in the
payment of tLia note, and if th~ same i
s~ i~ o$
le~t~ed by en a?tto~ney st law~ tha underaigned hereby agree(s) to
pay all costs oi oollection, inclu ` a•reasonable attorney's fee.
This note is givea for urch~ money of :real eatate~ iiud is eecured by mortgsge to secure debt oi even
~
dste herewith, given and d'vere~by_tdis underaigaed to psyee on certain real pmperty deacaibed therein.
Presentanent, pmtes~, snd nef'~ `~er~:by waived.
r` , -
_ai.Rk,. .
/3/_ L03~S _FRANCIS MYERS~ JR• ~SeAL]
State_Documentery Stamps in the Loys Francis~Myers; ~r.
` amount of $26.25 attached to ~Sl MARILYN_A!_ ~BEALJ
original and canceled. Marilya i4. Myers
IB~ALJ .
[sg,?i.] -
And ahall duly, ptomptly, and fully perform, discharge, eaecute, eftect, complete,. and comply with~and
~ abide by each and every ~the stipulations~ agreements, condit{ons, and covenante oi seud~ pmmiaeory note and
~ of this mortgage, then thia mortgage and the estate hereby created shall ceaee end be null and void.
The Mortgagor further covenants ae followrs:
1. That he will psy the indebtedness, aa hereinbefore provided. Privilege ia reeerved to prepsy at any tame,
~vithout premium or fee, the eatire indebtedness or sny part thereof not lese thsn the amount of one installment,
~ one hundred dollara (i100.00), whichever ia lees. • Any pr~epayment made on other, than su installment
due date ~rill not be credited until the nert following installment dus dste.
2. In order more fully to gmtect the security of this mortgage, the Mortgagor, toget6er with, and in addi-
tion to, the monthly psyment8 under the terms of the note secured hereby; on t6e installment due date day of
each mqnth until the esid note is ftilly psid, will psy to the Mortgagee as tctistee (under the terms of t6is
trust as hereinafter atated) t6e following sume: ~ .
(e) A suan equal to the ground renta, if any, next due, plua tLe premiuma that will next become due and
psyable on policies of fire and other hezard insurauce ooveru~g the mortgaged property, plus tsaes
and a~asmente next due on t~e mortgaged pmp~erty (sll as estimated by the Mortgagee and of
which the Mortgsgor is notified) lese all sums alresdy paid therefor divided b7 the number of months
to elsp~e before one month prior to tbe date when eu~~ground rente, premiums, tsxes, and sssegs-
menta will become delinquent, such guma to be beld by Mortgagee in tr~st to pay said ground renta,
~ premiuma, ta~ee, and apecial aeeeesmeats.
(b) The aggregste of the unounta psyable purauant to subparagrsph (a) and those p~ysble on the nots
~ eecured hereby, ahsll be paid in a single peyanent each mont6, to be spplied to the foUowing items
~ in the orcier atsted:
(I) Bround renta, taxes, aseeasments, 5re, aad other haaard inaurence premi~uns;
(II) interest on tl~e note secured hereby; aud
(III) amortizstion of tLe principel of said note.
Any deficiency in tbe ~ulount pf such'aggre~ste monthly payaient sNsll ~nless made good by the Mortgsgor ;
pr~~or to the due dat~a of the ne~L such pa~ment constitute an event o~ default under this mortgage. At
Mortgagee's option, Mot~tt~a~or will pay w'lste c~arge" not eaceeding four per centum (4°Jo) of aay install-
ment wfisn paid more thsn $fteen (15) days sfter the due dste ttjereof to oover the extrs eupense involved
in handling delinquentps
yn~ents, bu6 such "lste c}~
e" 8hall noti be psyable out of the proceeds of any sale
made to aatiafy the indebt.ednesa secured Lereby~ unfeas suah pra~eeds sre su@'icient to dischsrge the entire
indabtednees and sll pmper ooste snd e~penaee eecured 6ereby. _ ~
3. If the total of the pe~ymenta mada by the Mortgagor under (s) of paragrlpti 2 preceding ahall exceed the
amount o
f payments actu a l l
y ma
de by t6e Mortgagee~ as truatee for ground rents, taxes an d asseasmenta, and ;
inauraace premiums, aa the caee msy be, such excees eh a
ll be. eredited on subsequent paymenta to be msde
by the Mort~a~or for such items or, at Mortgsgee's option, ss tn~stee shall be refunded to Mort~ag~or. If,
however, such monthlq payment8 shall not be sufficient ;o pay such itema when the same ahall beoome due
and payable, then the Mortgagor shall pay.to the ~'Iortgagee ae tcuatee sny amount necessacp to make up
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