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Home My WebLink About1651 TO HAYR AND TO HOLD ~tIP 311fi1F. to~thc~ with all an~1 sin~ular the tenoments, hereditsments snd Rppur- tenaneea lhereunt~ Mlonging u~ in unvvv~sP eppeNainin~, nnd the rt•veniun „nd reve~ic,r?s, mmain~le~ ur rr- ~nainders, end elso ul! the ealatc, righ~, title, interosl, hom~•stcad, doH•er Knd ~i~,~ht ut ~ioH•~r, xe ~HChte ~~stale, poescssion, rlsim nnd demsnd whstsaovcr, sa wcll in law as in cryui~y, of Lha sai~l ,lortga6ur in an~ tu the same and ever~~ pert thcrcot, with the sppu~tenwnccs of I,ho said Ator~ r ip atui..~ ~t~e ~o~ and ~vcry pert, xnc~ psmel ll~~moi unto the said Mortgegee in tee eimplo. The hlortgsgar hereby oo~~nsnts with th~ 2ltortKaKr~, th~c he is ~ndPfeasiblv 9rized ot said le,?d in [ee simplo or such other ca~at~+, ~f any, as ia statcd hernin; tha~ he hxx h~ll power end law~ul right to convcy the s~me as ~foresaid; that, the land is iree (rom all encumbrancea exc•ept ns hp~ein oLherwisc recited; thst ssid \iort~;lgor will mske such [urther sssurances to pro~e the aforesaici titlc to said land in aRid ~tortKx~ce aa mny be rcason- sblyr~q uired~ snd that said ~lartgagor doea hernby lully warrsn~ t,he title to said IKnd, end every part, lliercof, and will detend the asme againat the lawful clsims oi e?11 pcrsona whomso~~ver. PROV~ns~ ALw~ta that if the ~lortgagor ahwll psy unto the Mort~~:e t1~At certsin promic.gory note, ot which the follov? ing is a aubstantial copy~ to wit,: i 17,500.00 Fort Pierce , Florida. October 7 ~ 19 70 FOR VALUE RECEIVED, the undersigned promise(s) to pay to the order of the Administrator of Veterans' Affairs, an Officer of the United States of America~ and his successors in such office, as such, and his or their assigns, the principal sum of SEVENTEEN THOUSAND FIVE HUNDRED and no/100- - - - - - - - - - - - - - - - - Dollars (~1~, 500. 04 vrith internst from dste st the rate oi eight and o~c1e-half per c~ntu~n ( 8 pc•r snnum on the unpaid bslance until psid. The said principal end int~n~t shwll ix~ peyable at the ffu•~ o thc Loan Gusranty Offcer~ Veterana Administration Regionsl Offic~, in St . Petersburg, F~ori~A , or et such other lsce sa the holder ms d ste writin delivered or mwile~l to the debtor in month t cnts of OnepHundred Forty an~92~100- K - - - - - - - - - -~ollsrs (s~~+~.~~ ) commencing on the 7 th dsv o! November , 19 7 V, snd continuing on the 7th day of each month theresft,er until this note is tully peid. except th~t, ii not sooner paid, the final payment ot pr?nci sl and inlcrest ahall be due and psyable on the 7th dey of October , 19~5. Privilege is n~erved to prepsy at any time, without premium or fee, the entire indebtedness or any part thereof not lesa than the amount of one installment, or one hundreci dollars (E100.00), whichever is lc~ss. Any prepeyment msde on other than sn installmenl due date w ill not l,e crcditeci until the next follow•in~ installment due dste. ~ If any deficiency in the pavment of any installment under this note is not made good prior to the due date of the aext such installment, t~e entire principal aum and acrrued intemst shall at. once become due snd psy- able without notice st the option of the holder ot this note. Failure to exercise thia option shsll not constitute a v?siver of the right to exercise the same in the event of any subsequent default. In the event of detault in the ps~ment of this note, and it the same is collected by sn sttorncy at law, the undersigned hereby agree(s) Lo pay all cosls of collection, including a reasonable sttorney's fee. This note is given for purchsse money of real eatate and is secured by mortgage to secure debt of even dste herewith, given snd delivered by the undersigned to psyee on certain real property described therein. Presentment, protest, end noti~e sre hereby waived. State Documentary stamps in the /s/ WARREN JACKSOTI___________________ ~aF,,,,] ~arren~ Jackso"n"-""~~" amount of $26.25 attached to original note and canceled. ___~S~ ARMANDA M. JACKSON (s~~L] Arm~ndfi-M~ ~ J~~k~~ri-- - ~ ~se~L~ i E ! (BEAL~ ~ Md shall duly, promptl~, an~i full~ perform, discharge, execute, efTect, complete, and comply W-ith and ~ abide by each and e~er~ the stipulationa, agreements, conditions, end co~enants of said~ promissory note and ~ ot this mortgage, then this mortgage and the estate hereby created shall cease and be null and void. ~ The 1liortgagor further covenants as follows: 1. Thnt he v?-ill pay the indebtedne~, a4 hereinbefore provided. Privilege ia reserved to prepsy at snv time~ ~vithout premium or fee, the entire indebtedness or any part thereoi not less than the araount oi one instaflment~ or one hundred dollars (i100.00), whichever is less. My prepayment made on other than an installment - due date will not be credited until the next following inatallment due date. ~ 2. In order more (ully to protect the security of t.his mort~;a};e, the ~fort~agor, toRether with, and in addi- tion to, the ~nonthly payments under the terms of the note secured hereby, on the ~nstallrnent due date cls~ of ~ each month until the said note is (ully pnid. wil! pey to the ZtortgaKee as trustee (under the terms o( this ~ trust as hereinafter stated) the following sums: ~ (a) A sum equal to the ground rents, ii any, next due, plus the premiums thet will next become due snd pa~ able on policies of fire and other hazard insurance covering the mortgaged propert~ , plus tsxes ~ and as.gessments next due on the mortgaged property (all sa estimated by the ~iortgagee and of which the Mortgagor is notificci) less all sums already peid theretor divided bx the number of months to elepse betore one month prior to the date v?hen auchground rents, prem~ums, texes, and assesa- menta will become del~!?quent~ such sums to be held by biortgagee in truat to psy said ground rents, ` premiuma~ tsxes, and apecisl assessrnent8. ~ fb) The aggregate of the amounts peyable purauant to subparagraph (a) and those payable on the note ~ secured hereby, shsll be paid in s single psymcnt each month, to be spplied to the tollow7ng items in the order ststed: ~ (I) gronnd renta, tsaes, aesesamenta, fire, and other hazsrd insurance premiums; ~4 (II) intereat on tbe note secured hereby; aad Y~ (III) amortizstion of the principal of said note. ~ Any deficiency in the amount ot such aggre~ate monthlv payment shall, unleae made good by the 1ltortga~tor ~ Pric?r to the due date of the ne<< such payment, constiwte an event o( de(ault under this mortgage. At Mort,gagee's option, Murt~agor w•ill pay s"late charge" not e~ceecling tour per centum (4%) of any install- ment when paid more than 6(~een (15) days a(ter the Jue dste thereo[ to cover ~he extra expense ~nvolved ~ ~ ~ in handling delinquent payment.q, but such "late charge" ahell not be Payable out o[ the procee~ls of any sale ~ ~ msde to satiaty the indebtedness secured Lereby, unless such proceeds sre au~cieut ,to dixhsrge the entire = ~ indebte~ness aad all ro r coets snd ex ases secured hereb . i:' 5 ~ P Pe Pe y - - ~ ~ _ 3. If the total of the paymPnts rnade by the ~~1ortRu~or under (s) oI parnKraph 2 precedin~ shall e~cPe~1 the ~ ainounl o( paymente actunlly rnadP by the ~1ortKaE;ee, aa truslee tor ~round rents, taxea and xs.~sin~~nts~ end ineursn~e premiwn~, ne the ~as~e~ n?Ky be, such eacesa ahall be creclit,~c1 on "subsequent paym~nts to bp m~d~ by the ~tor?Ka~;or (or such itema or, et ~tort~a~ee's option, us trust~~ shnll be retundrei to ~tort~,a~r. ~ t~oK~P~•er. Au~•h m~~nthlY [?e}•inente Rhell not be eufficieHt to pay su~h it~ms when LIIP, :LHIIIP RI18I~ I)CCOIIIH IIUP x:~d payablf•, Ihen the ~lort}~M~?or sliall pn}• to th~ \1ort~;nK~~~ xs trust~~ nny ainouut nec~ary to inake up a~187 ~i6;i~ ~ . ~ . : : _ ~ - _ wx~.4~~"°~~.~ : _