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• TO NArR AND TO HOl.O uM ~RI!?~ to~~her with alt ond singul~ th~ tenemenU; fiere~ifa?met?ta ~nd ~ppuM1
ten~nc~es thereunt~ b~lonRing or in ~?nywese ~ppe~taininR, ond the n+version nnd reversions~ n+mainaer or re-
in~it?den~ and ~t~o ~ll the estat~, righ~. title. interest~ homNStead. clowe~ ~nd right ut dovrer~ s~p~n?t~e eal~te~
po~esion, cl~im ~?nd dem~nd wh~taoever. ~s ~ell ia t~w as in aqui~y, ot U?o snia Mortg~gor ia und to U?e same
• and ~very p~r~ thPreot. with t,he ~ppurte~n~ces ot the N?id MoMg~goe iu ~nd to the e~ne~ ~nd every p~K ~~d
parceL thrreot unto t~hs wid Mortgagee in tee ~imple. ~
The I1lortgagor hereby oovoa~nta wilh the Mort{~~geP~ ~h~t he is indeteasibly aeised o~ sRid l~nJ in tee
simple or such othRC est~?te~ ~t ~ny ~s ie statad herein; lhat, he hue tull powe~ and I~w(ul rigi?t to oonvo the a~me
u
as doresaid; th~~ the l~nd 'e.s fn+e ~mm ~ll encumbrancus except ~s herein otherwise recilsd; that eaid ortgagoe ~ .
~vill make auch further ~ssurnncea to prove the ~torea~id title to said l~nd in said Ma~t~ee as may be re~son-
~bI~ req uired~ and that s~id Mortgagor doee h~+~by tully warraat Lhe tiua to suid lund~ and every part thereoi~
aad will detead the a~me ~gainst the l~wtul cl~inu o! aU persons whomwever.
PxovtnsD ALw~YS ~h~t it the Martg~gor ahall pay unto the Mortgy~ee t,h~t oert.ain promiaeory note, oi ,
which Lhe toUow?ing is ~ sub~t~u?Ual oopy~ t,o wit: Fort Pierce ~ Florida.
=14,000.00 December 16 •19 70 ~
FOA VALUS RtCtIYiD~ the undereilp?ed promi~e(a) to pay to tha order of
Adminiatrstor of Veterans' Affairs, ~n Ol~iioer ot the
U' S ot d his u auch offics~ u8 euch~ ~n~l his or their ase ~,1~ ri ot
~7~T anc~ no - - - - - - - - - - Doll'~'~ 1~?,~OU.~
~rith inte~st from dat~e a~ the nte of eight per centum ( 8%) per ~nnum on the
un~ ba]aaoe ynt;1 paid, The said prineipal and intPrc86 eh~ll be yable ~t the offioo ot the Loan Ciusranty
O~ioer, Veterans Admiaistrat~ion liegionv O~i~e, in St. PetersbU7Cg Florid8 . or.c such
other sce ~s the holder ma d ting delivered or moiled b the c~ebtor in mon6hl t,s~~enta
~ HUNDRED EIG~ gn~`~6~lOb - - - - - - - - - - - ~oll.rs (i Yl~ . u
comrnoncing on the jvtn d~y oi Januarq ~ . 19 7, and oontinuing on the
16th day oi esch month thereatter until tlua note is fully paid~ ezoept thst~ if not soonar
. tbe fin ent of ~l i?nd interest ahall be due ~nd payuble on the 16th d~Y Qi
~ Dec~e~ , i~~~.
pyrivilege ie reeerved to prepsy at euiy tirae~ without premium or fee, tbe entire indeb~edneea or any put
thereot not leas thaa the ar?ount ot one inatallment, or one hundred dollare (=100.00), whichever ia lesa. Any
prepayment msde on other thun an installment due dste aill not be credited until the next following inatallment
due d~te.
Ii any deficiency in tLe paym
ent of any installment under this note is not made good prior to the due date
of the nezt euch inatallment, the entire princ~pal aum ~nd ~a:rued interee~ shull sL onoe become due and ~?ay-
able without notics at the option oi the holder of this note. Failure to exercise this opuon ahall no~ conatatute
a waiver of the right to exerciee the ssme in the even~ oi any subeequent default. In the event oi det~ult in the
paymeat of this note, and if the same is oollected by an attorney at l~w~ the undersigaed hereby agree(s) to
pi?y all ooate of oollection, includiag ~ reasonable attorney's fee.
Thie note is given for pw~ch~se mone~r of real estste ~nd ia secured by mortgage to secure debt oi evea
d~te herewiih, given and delivered by tha undersigned to payee on oert~?in real property deecribed therein.
Pt+esentment~ pmtest~~ snd notire u~e hensby wuved.
_ /s/ JAMES DONALD IVEY----------•--- tae~L~ -
State Documentary Sta~s in the -
J~$ ~~8~;d--lvey
amount of $21.00 attached to _/s/_ CALE S~- IVEY------------------------- [e~,~
- -
original and canceled. Gale S. Ivey
~
' ISEAL]
i
I$BAL~
Md shall duly, promptly, and fully perform, diecharge, eaecute, effect, oomplete, and comply with and
abide b~ each sad everp ~the supul~tions~ sgreementa, oonditions, and covenanta oi sui~ pmmiaeory note and
~ . of this mortgag~e, tLen tLia mortgage aad tLe est~te hereby created ahall cease md be null aad void.
~ The_ Mortgagor turther ouvenants as followB:
1. That he will psy the indebtedn~s, sa hereinbefore provided. Privilege ia reeerved to prepay st any time,
without premium or fee; the entire indebtedness or any part thereoi not less than the amount of one inst,ajlmeat,
or one hundred dollars (i100.00), whichever is lees. Any prepayment made oa otLer tLan an inatallment
due date vvill not be credited until tbe nezt follo~ving inatallment due date.
2. In order more fully to pmtect the security of this mortgaQe the Mortgagor, together wit6, and in addi-
tion to, the monthly paymente undet the terme of the note secure~ hereby, on t~e instaliment due date day of
each month unW the ewd note ia fully paid, will psy to the Mortgagee ss trustee (under the terma of thia
trust ea hereinafter ststed) the following suma:
(a) A sum equal to the gronnd rents, if anp, ne~zt~ due, plus the premiums ths~ wiil next beoome due md
payable on policies of fue aud ~ther haaard insurance ooverwg the mortgaged property, plus tazea
~ad aseesamenta next due on the mortgaged pmp-erty (all aa estimated b the Mortgagee and of
~?hich the Mortgagor is notified) lees all sums aUeady g~id therefor divided ~l the number of months
teo el~pee before one month prior to the dste ~rhea suchgro und rente, premiums, taxes, aad asse~s-
~ ments will beoome delinquent, such sums to be held by M~rtgagee ia trwt to pay said ground renta.
~ pre,~niums, tues, and special aeoeasmente.
~ (b) Thea~gs te of the amounta psy~ble pursusnt to subparagraph (a) and tbo~e payable on the note
_ eecured hereby~ shall be paid in a single paymenc each month, to be applied to ths following items
in the order atated: .
(I) ground renta~ tuea, aeeeeemeata, fire, aad other haurd inauraace premiuma;
(II) interest on the nots eecured hereby; aad
(II~) amort~satiop of tbe principal of asid notd. ~
Any de6ciency in the amount ot such aggregate montbly paymeat ehall unless made good by the Mortg~gor
p_rior to t6e due dat~ of the ne~t such pa~ment constituts an event o~ default under this mortgage. At
Moctgagee's oPtion, Mortgagor will pay •'late c~arge" not e~weeding four per centum (4~Jo) of any inatall- ~
ment ~v6en pud more thsn- $iteen (15) days dter the due d~te thereof to oover the erin eupense involved
in bandling delinquea6paymenta~ bu~ such "late~
" shall not bspayable out of the pe~ooeeds of any sale
made to satiafy the indebtsdnees eecured Lereby, unTees such proceeda are su~cieat to discharge the eatin ~
indebtedne~s and all proper uosta and expe~es secured heceb~.
3. It the total ot the ps~ymenta mada by t~he Mortgag~or und~ (a) of paragrsph 2 preceding ahall eaoeed the ~
unount of paymenta ~ctually made by the Mortgagee~ as 4vstee tor ground rents, tsxes and seseesmeats, u?d
insurance prem~ums, aa the case mav be, such eacess aha11 be credited on aubsequent paymenta to be m~de
by the ~ior r for such items or, a~ ~iortgsgee's optaon, as truatee shsll be refunded to ~+tort~a{~or. It,
howe~~er, euc mootbly payroeDta ehall not be sufficient to psy such itema when the sune ahall beoome due
unrl pn}•nlric. then ttu ti~rtga~or shall psy W the ~tort~sgee as trustee any amount necessary tv m~ke up
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