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HomeMy WebLinkAbout1184 , TO HA~i AIfY TO HOi.O 1M wa~s. Lo~1~er Mrith ~p ~ad iaRul~ tlw ~ats~ ha~editameats and apputi . ten~~as ~a+euato belo~iu~ or ia aa~?Nae PeNaiain~. at~d ths t+sver~ion ~nd roveraioas, oemainJer or re- ; u maioders, ~ad. ~lw dl ~he estat~, ei~ht~ tit~e. t,erest. ,,rdV~r~r ' 1, ot dower, se~s t~ est#~e, ` h o po~ioa, clum ~ad deaawd Mrbat~oswe. as we11 in ~a ~s~a oi orts~oc in a~x16o thss~ae, and erery p~t ti~e+eot, with t6s appuetiw~toas ot ~6e wd ia Mtae~ and evary pu~ ~nd pae~al theeeot uab tl~s isid ~doct~e~ ia tea snaple. 'Ibe Mocta~oc ha+sb~ oora~aats wit~h the M . th~~ he is indetaasibly seised ot ~l laad ia tes ompls or sw~? other asste~ ~i say ~s is s~ated herein;~ has tuU pow~er and I~w[ul rigi?t io oonvo the aana~s , e~n as Joresaid; tha~ ~he luid is fcee ~e~om sU eacumbnt~oos exoep~ ~s hereia o~herw~e e+~cited; tb~t said os ' wiU make wch turthec a~wr~aces I~o pe+ove ths atoensaid tiNe tv said Gr?d in s~id Mort~*goe ~s m~y be re~a~wn ~ req uired, ~ad tbat wd Mottg~gor does hereby tuUy Mr~rr~a~ tbe ut~ to s~?id !~?d, and every part thereot, ~ ~wiU detead tbe same against t,he 4?Mrf ul cl~ims ot aU peao~ns whom~osver. PItO~IDiD ALwsva t~iut ii the Mortgagor shall p~y unto tbe Mortg~g~ae t.h~t cectain promissory note, ot ~ ~11C~1 ~ tOllOMllla 1~ 1 W~ZiA`lil COp~1~ ~O Ml~: ; =10,450.00 Fort Pierce , ~,~;d., June 23 .19 70 'FOR VAI.Ug RECEIVED, the nndersig~ned promise~s,l to pay to the ocder of the Admitdstrator of Vetiecens' Affairs, sa Officer of the Uaited Statea oi Aa~edca~ and his successocs in snch of~ce, as snch, and his oc their assi~ns, the pcincipal snm of TEN TSTaUSAND FOUR HONDRED 1~IFTY g~ d no 1Q 0~ w ~ ~ ~ ~ ~ ~ ~ ~ ~ LWi~s O ~~SO oo ~ with inter~t frOm date a~ the nte oi eight & OY1e-~1HZf per cen~um ( 8~ per annum on the u~npa~d balnnce until paid. Tbe aaid princ~pal and int~rcew shall be psyable at the oflic~ ~the Losn Ciuarsnty 08'ioer veter~as AdministraLion ~onal O!f ce~ in St . Peters burg, Florl~a , or .t such other~~, eas~ t~6 ~h 2Ider ~?~e u? wnting delivered or mailed to tbe debtor ia monc~1v~ mcnts oi E~(~TY-Fwx an~~~ /lv~- - - - - - - - - - - - - ll.,~s 84'°s~aU ' ~ 15 oon~nn t~e Y3x'd ~ da~ of Jul ~ ,~19 /V, snd uoatianing on the ~ne~~oq . Z3~q day oi ea~eh ~month tbereattes unt~1 ' aote is tull~ paid,e~~e L th~t, it not eooner Paid~ ~bs ~aal payment of priacip~l. wd interest sh~11 be _due iwd p~y~ble on t~l?e "L3~d d~y~ of June , , 1995. : Priv1ege is reeerved to prepay at any time, ~vithout pretnium or fee, the entire iadebtedness or aay part , thereof not lees t,haa the amow~t, of one installment. or one hundred dollara (i100.00), ahichever ia less. Any pnpaymen~ m~de on otber ~Lu? an usstaliment due dsfs ~?iU not be credited nntil the neact following installment due dste. If my deScieacy in the psyanent of any inataUment under thia note is not made gooci prior to t6e due date of tha next suc6 inataUment, the entire pruicipal aum and a~x;,rued interest ahall st anoe beoome due and ~ay- able Rithout notioe at tLo optioa of the holder of thia note.a FWure to esercise tbis option aball not oonaVtute a waiver of the right to ezercise the same in the event of any aubeequent default. In the eveat of default in the payment of this note, aad if the same is oollected by aa a~torney st law, tLe undersigned hereby agree(s) to pay all oosts of eollection, including a reasonable attorney's fee. " ~ Tbia note is given for purchase money of real est~ate and is secured by mortgaga to secure debt of evea ! date herewith, given and delivered by tLe uade~aigc?ed to payee on certain real pmperty deacribed thenin. ' Preae.ntment, pruteat. ~nd notire are hemby waived. ~ . - ~ State Documentary Stamps in the /s/ JO~Il~iNIE L. JOI~TSON ~ IdSAL~ . amaunt of $15.75 attached to Johnnie L. Johnson originel note 8nd canceled. .~~~__~l~A J~S~ (se~+~ Sara G. Johnson IBEAL~ ~8~~ ; - And ahall duly, promptly, and fully perform, diecharge, esecute, e~xt, oomplete, and oomply with and ~ abide b~ esc6 and ever~? ~the stipulations, agreemenis, condit-~ons, and covenants of sud~ pmmiseory note snd ; of this mortgage, then thia mortgag~e aad t6e ea~ate hereby created ahall cesee and be null ~d void. ` 1~e Mortgagor further oovenants as followrs: 1. That he will psy the indebtednees, as hereinbefore pmvided. Privilege ia reserred to prepay at any time, wit~wut premium or fee, the entire indebtednees or my part thzreof not lees than the amount of on~ inatallment, ar one hundred dollars (i100.00), wrhichsver is lees. Anyprepayment made on otLer than ~an u~atallmeat due data will noL be credited until t6e n~zt tolbwing matalLment due dste. . 2. In order more fnlly to protect the securiLy of this mortgage the Mortga~or, Logether with, aad ia addi- tion to, the monthly psymenta under the terma of the note eecure~ hereby, on tl~e ~oatallment due date dsy of each month unW the esid note is fully p~i~ will psy t~i the Mortgagee ss trustee-(under the terma of t6ia taust sa hereinafter atated) t6e following sums: (s) A sume9 ual to the gruund rents, if any, nezt~ due, plua tbe premiwna that will nert become due md psyable on policies oi fire and otber haaard ina~rance c~ovenng the mortgaged property~ plua tsxes u?d aeeeesments next due on the mortgaged prop~erty (all ae estimated-b the Mortgsgee and of which the Mortgag~or is notified) less all suma already paid therefor divided ~p t6e number of montha to ~elapee betore one month prior to tbe d~te ~rhen suchground reate~ pr~runms, ts~ces, and ae~ess- menta wiU beooms delinqueat, such sums to be held b~ Mortgagee in tr~st to p~y said ground ~nts, premiums, taxes, and apecial aseeaements. ~ (b) Thea~rnga te of the amounts payable p~u~suant to aubparagraph (a) an~i thoee paysble on the note secured hereby, ahall be paid in s single psyment each month, to be applied to the foUowing items ~ in the orde: atated: (n S~round rents, taxes, seeeeementa, 5re, and othe~ hasud ineurance premiums; (II) mt~erest on t6e note secw^ed henby; aad ~ ~ (III) amortizat3on oi tbe principal of said note. 1 Any de8cie~cy in the amount oi auch aggreg~te monthl~ ps~neat ehall unlees made good by the Mortgagor prior to tbe due dit~s oC the neri such ps~nent, constitute an event o~ defanlt under thia mortgsge. At Mor~gag~ee's o~tion, Mo g~r will pay a'Lte charge" not ezceediag four per centum (~°Jo} of apy inatall- menti when pud more tLaa~Siteen (15) dsyr ~fter the due date thereof to oover the eatn expenes involved in bandling del~'nquent~ yments, but such "late chsrgs" sball not bepaysble out of t6e pe+oceeds of any sale made to s~t.isip the indebr,~dnese eecured hereby; unleas sucL proceeds ue eufficient to d~scharge the entire ~ indebtedners aad all proper costa and espenees secured hereby. 3. Yf t6e total of the pa~yments made by the Mortgagor under (s) oi paregraph 2 preceding ahall exceed the - smount of paymenta actually msde by the Mortgagee, ea trustee for ground rents, taxes snd aseeesm$nts~ and insurance premiums, as the case map be~ such e~ccees shall be credited on aubsequent psymenta to be made by the Mor~igor for such items or st Mottgsgee's option, as trustee shsll be refunde~ to Mort~agor. If~ how~ver, sucl~ monthlT psymenta s~all not be suflicient :,o pay such items when the same shell beoome due and psy~ble, then the Mort{~agor ahsll pay to the `tort{~agee aa t,~uste~ ~n o nt~ ry to mske up ~1~''P~~~L~. ~5 - ,y . _ _ - - - - - _ ~ _ - - - - - ~ - . ° ~