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:~~oo~ Loan8+162487
VA FORM 2i~l~S~ INOME LOANI VA 354057 F'I,ORIDA
REV. JUNE 1l7~. USE OPTIONAI s~(~n ~'AyMENT Oi TAItEt
SECTION 1l~0, TITLE H, U.S.C. ~ECEIrEO: -
ACCEPTABLE TO FEOERAL a~=: ~TAMQUE I~~~~ ~~~Y~
MATIONAL MORTGAtiE ?0 ~ n~, ~n ~ ~n.
ASSOCMTION MC~"~
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q~i COIM?~ :T. ~IICt C0. !U~
SHORT FORM OF MORTGAGE .
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This Mott~age. dated the 13th dty of May A. D. 19 77 , by and bet~reen ~
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LOREN P. SHELDON ~d YVONNE SHELDON, his wife ;
hereinafter caUed the Mortgagor. and '
GREAT A1~II:RICAN MORTGAGE OORP . , `
hereinaft~er called the Mortga~ee.
WITNS3S8"I'Ii, tl~at fos valuaWe conaiderations, the said Mort~agor does hereby ~ant, bar~ain, ~ell
and convey unto the aaid Mort~agee and hia aaa~s, all that certain p~rc.~el oi land oi which the aaid
Mortg,~gor is now seized and poaea~ed and in actual po~easion, situated in tl~e County oi ST. LUCIE
and State oi Florida, desciibed as follows:
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Lot 8, Block 8, SUNSBT PARK REPLATs according to the Plat ;
thereof, as recorded in Plat Book 11, page 22, of the Public , ;
Records of St. Lucie County, Florida.
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"The grantor (s) covenant (s) and agree (s) that should this securitq ;
iastrument or note secured hereby be determined ineligible for guarantq ;
under the Servicemen's Readjustment Act within thirty (30) days from t
the date hereof (vritten statement of az?y officer or authorized agent of
the Veterans Administration declining to guarantee said note aad/or
this security instrument being deemed conclusive proof of such ineligibility) '
the present holder of the note secured hereby or any eubsequent holder ;
thereof may, at its option, declare all notes secured herebq immediately due ;
and payable." i
Together with all structures and improvements now and hereafter on said land and the renta, iaaues
and pcot~ts oi the above descxibed ProP~Y (I~vided, howeve~, that ffie Mort~sgor ~hall be entitled to
collect and retain the said rents, i~su~es and profits unt~ delault hereundez); and all fut~ues now or l~re-
' after attached to or used in oonnection with tbe premiaea herein described and in iddition thereto the fol• ~
t lowing deacribed howsehold appiisnoes, which are aad ahaU be deemed to be. 5atwrea and a part of tbe i
! realtY. and are a portion oi the security for the iadebtedneas herein mentioned.
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f Air-Conditioner, Carpet _ `
~ T~O HAVE AND TO HOLD the same, and every part ~ereof, with'the appurtenances of the aaid
Mort$agor in and to the same, and every part and parcel thereof, unto the said Mortgagee in fee simple.
'l~e Mortgagor hereby covenanta with the Mort~gee, that he is seized of said land in fee simple or
such other estate, if any, as is stated herein; and that aaid Mort~gor does hereby fully warrant the title to
said land, and every psrt thereof, and ~rill ~fend the same against the lawful claims of all penons
whomsoever.
PROVIDED ALWAY3, that if the Mort~agor ahould pay to the Mort$agee that certain promissory ~
~ note oi even date herewith, made by the Mort$agor and payabie to the order of the Mortgagee in the 7
principal sum of ~~y SEVEN THOUSAND FIVE HUNDRED and OOT1W-' ~yable in monthly inatall- _
menta to rinci and interest oi = starting on the lst ~Y of JULY
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19 77 , and if not sooner p~id the 6na1 payment being due on ~e lst ~Y of Jl1NE :
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~ 2~~ , or any eztensions or renewals thereoi and ahall fully pay all other indebtednesa or liability that
may become due and owing hereunder and secured hereby, and ahall faithfully and promptly oomply with
~and pedorm each and every other covenant and proviaion herein on the part of tl~e Mort~agor to be
complied w?ith and pettormed, aad every other covenant and praviaion ss contained in that_ Wank or master
form oi mort~age, ~vhich is incorporated herein by reference as if aet out herein in full, then tl~eee preaenta %
~ ahall be void and releaaed at ~e ezpense oi tl~e Mort~agor, otherwiae to remain in full force and effect. The
said blank or master form of mortg~ge ~ras recorded on Febcuacy 13, 19T0, in the Of5cial Kecords oi the
G7erk of the Gtircuit Court of ~e tollowing counaes in Florida in tl~e Of6cial R~ecords Volume and at the
page de~ated after the name of each ouunty, to-wit: (ezcept tbat it was recorded in Bradford, Brevard.
Duval and Su~vannee Counties on February 9,1970, and in Dade County on Febcuary 10,1970) ~
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6~K~.VC7 ?ACE ~Z~ l
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