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Home My WebLink About1943 TO HAYR AND TO HOLD LFIP SRIIIP, to~ether w~ith ~R'wnd sin~~li?r'tLe,tenem~nts, F1C~C(i1LRI11CfILS bI11I RrpU['- tenences thereunto bclongin~ ur in anvwise a~?pe~lainin~, wnd thE~ rc•ve~ion and rev~~rsians, remaimlt~r or re- inainders, snd also all thc estatc, right, title, ~nterest,, homrstcad, do~ver and ri •h~ oi dowNr~ se l~arate eslat,e, posscssion, claim wnd demsnd whatsoevcr, as well in lew as in equily, ot thc sai~l ~iort~;agor in anJ to the sxme, snd cver~• pwrt therc~of~ with the appurtenances ot t,he said :~torl.gegor in and to tl~e same, xnd cvcry part and patcel tliemof ~~nto the said Mortgagee in fee simple. The Mortgagon c~mby covenants with the :lrtort~ak~~e, tl~Kt he is iad~t~nsiblv s~izeci ot said land in fee simple or sucl~ uther estat~, ~t t?nv, as is steted l~ernin; tlia~ he has tull povrer and IaN~tul right to convcy tl?c same as aforesaid; that the land is free irom eli encumbrances ex~•ept~ Ks herein otherwi~ recited; that, said `1ort~;agor will make such tur~her assurances to provc the aioresaid ti41e t,o said lsnd in sAi~l ~tort~n~ce as m~y be reason- ably rnyuired, end that seid I~1orlgsgor dacs hemby fully warrant the tit,le to aai~t Iand, and every pHri, th~reof, and will deiend the same agsinat the lawful clsims oI all persons whomsocver. PROVinEn ALweYe thst if the ~tortgxgor shi?Il psy unta the Mort{{a~,n~e that ~er~ain promissory note, of which the following is a substantial copy, to wit,: t 16 , 750. 00 Fort Pierce , Fiorids . October 13 ,t9 70 F~R 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~ aad his or their assigns, the principal sum of SIXTEEN THOUSAND S~'VEN HUNDRED FIFTY and no/100- - - - - - - - - - - - - - - Dollars 6, 750. 00 with interest from date at the rate of e~ght & one-half per centum ( 8~ ~Jo) per annum on the u~np aid balance until peid. The seid princ?pal and int~r~sl si~Kll tx~,pa~able $t the offi~e ~f th ~an Guarantv O~cer~ Veterans Administration Regional Office, in St . Ye~eY'SbUrg ~ F~OY'~U8 , or st such other place ss the holder may des ate in writin delivered or mnile~i tu che ciebtor in monthly install~?~nts ot One I~undred Thirty- yp and 0~/10p- - - - - .~o Asrs (t135.01 commencmg on the ~ Ch dny ot Povember , 19 / u, snd continuing on the 13th day o! each month thereatter until this note is fully paid, except chat, if not sooner paid, the fin~l psyment of principal end interest ahall be due snd peyable on the 13th day of October , 1995. Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedness or eny pnrt thereof not less than the amount of one instaliment, or one hundrecl dollers (5100.00), Whichever is lcss. Any prepsyment made on other than an installment due dete w ill not bp cre~ited until the next toltow•ing installment due date. If any deficiency in Lhe psy ment of env installment under this notc is not made goocl prior to the due date of the next such installment, the entire principal sum and acrrued interest shall at once become due and pey- sble without notice at the option of the holder of this note. Failure to exercise this option shall not constitute s w siver of the right to exerc~se the same in the cvent of any subsequent default. In the event of detault in the payment of this note, and i( the same is collected by an attorney at law, the undersigned hereby agree(s) to pay all costs of collection, including a reasoneble attorney's fee. This note is given for purchase mone} oi real estate and is secured by mortgage to secure debt of even date herewith, given and delivered by the undersigned to peyee on certein teal property described therein. - Presentment, protest, end notice are hereby waived. State documentary stamps in the /s/ STANLEY W. HILL, JR. amount of $25. 20 attached to ~tanley-~1: --HiII;--Jr: ~sF:~~~ original note and canceled. /s/ PATRICIA ROiWE HILL - - - - - [se.,~] Patricia Rowe Hill ~SF.ALJ ~ ISEAL~ : And ahall duly, promptly, an~l [ully pertorm, diacherge, execute, efiect, complete, and comply with and ; abide by each and e~er~ the sUpulations, agreements, conditions, and covenants oi said promissory note and s of this mortgage, then this mortgage and the eatate hereby created ahall ceaee and be null and void. ~ The Mortgagor further covenants as follows: ~ 1. Thet he will pay the indebtedness, as hereinbefore provided. Privilege ia reserved to prepey st any time, ~ ~vithout premium or fee, the entire indebtedness or any part thereoi not less than the amount oi one u?stallment~ T or one hundred dollara (a100.00), whichever is less. My prepayment made on other than an installment ~ due date will not be crndited until the next following instailment due date. ~ 2. In order more fully to protect the security of this mort~age, the ~fortgagor, together with, ared in'addi- tion to, ti~e monthly paymenis under the terms oi the note secured hereby, on.the ~nstallroent due date day o[ ~ each month until the seiid note is fully paid. will pa~ to the ~fortgaKee us trustee (under the tercus of this ~ trust xs hereina[ter stated) the followin~ sums: ~ (a) A sum equal to the ground rents, if any, next due, plus the premiums that will neat become due and pa~•able on policies of fire and other hazerd insurance covenng the mortgaged proPerty, plus tetes and as.gessments next due on the mortgaged property (all as estimated by the ~iort~agee and of which the Mortgagor is notificd) less all sums already pa~d there[or divided bY the number of months to elspse be[ore one month prior to the dste vrhen auchgro und rents~ premwms, taaces, end assess- ~ ments will become delinquent, such sums to be held by ~fortgagee in truat to pay said ground rents, - premiuma, taxes, and special assessments. ~ b) The egate of the amounts a able ursuant to sub ar a h a and those avabl~ on the note ( PY P P aB~'P P_ - secured hereby, shall be paid in s single payment each month, to be applied to the tollow-ing items in the order ststed: 4 (I} ground renta, tsxes, assessments, fire, and other haaerd inaurance premiums; P (II) interest on tLe note secured hereby; snd ~ fIII) amortization of the principal of said note. ~ Any deficiency in the amount ot auch aggrc~ste monthlv psyment shall, unless msde good by the 111ortga~or x ~ rior to th~ due ~iate of the ne~t, such payment, constitute an event of default under this mortgxge. At p~ ortgag~e's option, Mortgagor W ill pay s"late charge" not e~ceeding four per centum (4%a) ot any install- ment when pa~d more than fift~en (IS) daya aiter the due date thereof to cover the ectrs expense ~nvolved ~ in handling delinquen6 payments, but such "late charge" shall not be psyable out of the proceeds of sny sxle made to satisty the indebtedness secured hereby, unless such proceeds are aufficient to d~scharge the entiee ~ indebtedness and all proper coste and expenses aecured hereby. ~ 3. If the total of the payments made bv the ~tortga~;or under (a) of para~raph 2 prececiin~ shall e~ceed the ~ amount of payments actually made by the ~tort~{a~ee, as trustce tor ground rents, taxes and as.~essments, and ~ insurance premiums, es the cuse may be, such excess shall be creciited on subsequent payments to be made ~ by the ~1ortga~or (or such ite~ns or, nt ~tort~ngee's option, ss trustee shall be refundecl to ~1ort~,a~or. If, hoHe~er, such monthly patments shall not be sufficient ~o pay such items when the same shall become due and a eble, then the ~1ort a?or ahall a~ to the ~tort a ce e?s trustee an xi unt,nec~ry to make u ~ PY ~k P.' KK Y iW P - eoo~ 187 1943 = . ~ _ ~ . ~ ~ Y :a