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TO HAV~ ANO TO HOLD EtiB BHRlB~ to~ther with ell ~nd aing~~lwr the teneme}~te, hereclitamenta i+nd sppuN
tenancaas thereunto belonging or in anywise a~pertaining, and tho revec$ion and revei~ions~ rama~nder or re• ~
maindere, and nlsa all the cetata, right, title, ~ntsrest~ homeatuad, do~ver and rlgh~t ot dower~ se arRte ostate, ~
. poeaeasion, claim and demand what$oever, as woll in law as in equiLy, of tho aAiil Mortgagor in an~ to the asms ~
and every pRrt thereof~ with the sppurtenances of s,he said Mortgagor ~n snd to the same, nnd overy part anc~
parcel thereoi unto the said Mortgagee in feu simplo.
The Mortgagor hereby covennnca with the Mortgsgee, thAt ha is indeteasibly seized of esid lsnd in fsa :
simple or such other estste, if any as ie atated herQin; thst he hNS tuil power and law~ul right to c~nvoy tha s~me ~
sa aforesaid; that the land ie free ~rom all encumbrances excRpt as herein otherwiae recitscl; that said biortgagor
wili make euch further assurancea to prove the aforesaid title to said lnnd in aeid MortgRgee as may be reason-
sbly required, and that eaid Mortgagor doea hero6y fully warrxnt the title to swid land, anci every part thereof, ;
end will defend the samo t+gainst the lawiul claima of all peraona whomaoover. -
PROVinEn ALw~YS that it the Mortgagor ahAll pay unto tho MortgRges thst certain promiasory note, ot ;
which the foltowing ia a substanti~! copy, to wit: ~
a 8, 300.00 Fort Pierce ~ Florid~,
November 2 3, 19 64 •
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FOR VALUF RECEIVED~ the undorei~ned promise(s) to pay to the order of ~
the, ~t~Adminiatratar o# Veterans' AtTaira, en Of~'icer ot tha ~
United St~tee af Americs, and hia auccessare in auch office, ns auch, and his or their assigns, the principe?1 eum of '
~ic~ht Z'housand ~'hree Hundred ancl No/100--_e______.:_ Do11Ars (S 8, 300~.00 !
• with intere.~t irom date at E.he rats of f ive & one-f ourth per centum ( S~ P~r ~num on the ~
~in aid balance untit paid. The e~id principat snd int~+r~.st ehall be payable at the offico of the Losn (~uarant
~Ap
~ OfFice~, Veterana s~dm?nistration Regional Office, in St. Petersburg, Flozida , or at suc
other place a$ the holder may d ate in writing delivered or meiled to the debtar in monChiy inatallmenta of ~~,r,
Forty-nine and 74/10~(~---~----------------------~---~ollere (3 49.74 )
commencing on the firsC day of JanuarX , 1965 , and continuing on the
first day of each month thereaiter until this note ie fully paid, except that, it not sooner
psid, Lhe final payment of princip al and intereat shall be due and psyable on the Eirst day of
December , 19 $9 . . e'
Privilege is reaerved to prepay st any time, without premium or fee, the entire indebtednesa or any ge~rt - '
Lhereof not less than the amount of one installment, or one hundred dollara (5100.00), whichever ie lesa. Any
prepayment msde on other than a.n inatallment due date will not be credited until the next following inatallment
due dete.
If any deficiency in tbe psym ent of sny installment under thia note ia not made good prior to the due dste
of the next euch installment, the entire principal eum and ac~rued intereat sha)1 at once become due and pay -
able without notice at the optior~ of the holder of thia note. Failure to exercisa thia optioa ehall not conatitute
~j s waiver of Che right to exercise the same in the event ot auy aubsequent def sult. In the event of default in the :
! pnyment of thia note, and if the same i~ collected by an attorney at law, the undereigned hereby agree(e) to ~
~ pay all coats of collection, iacluding a ressonable sttorney's fee. '
, This note is ~iven for purchase money of real eetate snd ie eecured by mortgsge to secure debt of even
j dete herewith, given and delivered by ~he underaigned to payee on certain real property deacribed therein.
~ Presentment, protest, and notics nre hereby waivesl. ~
($12.45 State documentary stamgs
~ attached to ori inal note and /
~ g .._.1.~..~Xti~..~a....MGP~RG[1 IBEALJ .
.
; cancelled) William E. McPherson
~ . __._,,~5,~__SHEILB..F.._.McPI~&SO~DI_.._.. ~BEAt~
~ . Sheila P. M~c.Pherson
~ ~ ~BEAL~
~ ~ (BEAL~ .
~ And eha1l dulp, pmmptly, aad fully perfonn, discharge~ ~ecute, eHect, camplete,, snd complp v~rith and
abide by each and every ~the stipulations~ egreement$, cflndit~ons, and covensnta oi sud~ pronuaeory nota snd ;
~ of thie mortgage, then this mortgage and the eatate hereby created shall cea~e and be null and void. ~
~ _ The Mortgagor further covenanta es follow~: ,
e
1. Thst he will psy the indebteriness, ea hereinbetore grovided. Privilega is reser~ed to prepsy e?t sn ttime,
{ without premium or fee, the entire indebtednesa or a,ny part thereof not lese thsn the amount of one iast meat,
f or ane hundred dollare (a100.04), whichever ia lesa. Any p~repaymant made on other t,han an iastsllment
j; due date will not be credited until the next following instsliment due date.
2. Tn order more fully to protect the aecurity of thia mortga.ge, the Mortgag~or, together with, and in nddi-
tion to, the monthly paymenta under the termB of the note secured hereby, on the uistallment due date day of
~ each month until the said note is fully paid, will pSy to the Mortgagee aa Lruatee (under the terms of this ,
truat ae hereinafter sbated) the following suma: L
(a) A auni equal to the ground rents, if any, next due, plua the premiuins that will ae~ct become due snd
~ payable on policiea of fire and ather hs~ard inaurance covering the mort~~ged property, plus taxea
and esseasments next due on the mortgeged roperty (all as ea~imated b~y the 1Vlortgagee aAd of
which tha Mortgagor i~ notified) less all suma aPready p~id therefor divided bp the number of montha _
to ele?pse befare one month prior to the date when such~ground rente, preuuume, ts~res, and assesa-
menta will become deiinquent, auch suma to be held by Mortgagee in Lruat to pay said ground rents,
premiums, texes, and special assessmente. ~ ~
(b) The aggregate of the amounta payable pursuant to eubparagrsph (A) end thoes payt?ble on the note
secured hereby, shall be paid in a eingle psyment each month, to be applied to the following iteroa .
in the order etated:
! = (I) gcound rente, taxes, ae~essments, fire, and other h~?zuu~d i~asurance premiu~n8;
~ (II) interest on the note eecured hereby; and . . -
~ ~'(III) amorttissatioa of tbe principal of said aote.
dny deficiency in the amount of auch sgg~egste monthlq payment sLali unlese m~de good by Lhe Mortg~gor
i pr~ior to the due dst~ of the aett such psyment conatitute sn avent o~ default under tbis mortgage. At
ce
i r I?~fortgagee'a option, Mo r vrill psy a"late c~arge" not ezc~eding fowr per centum (4%) ot sny inst~ll-
~ ment vPhen paid more tbsn fteen (15) daye after the due date thereaf to cover the extra exper~ iavolved
; ia handling delinquent payments, but sueh "late charge" shsll not beps
y~?ble out of tLe procxed,e of wy ssle ~
; made to satiafy the indebteduesa secured hereby~ unless auch proceed8 ara su~'iaient to dischwrge the entire
; in de b t e dne~e sn d a U proper cos t s a n
d expeuaes secured hereby.
~ 3. If the total of the pa~ymente made by t~he Mortgagor under (a) of psra~rsph 2 grec,eding ahall exceed the
~ smount of payments actuallp made by the Mortg~?gee, as truate~ for grouad rents, taxee e?nd aaseesmenta, und
~ ineurance premiuma, ae the cnee may be, such exceea ahall be crecii; ecl on subeequent p~yments to be made - -
by the Mortgag~or for aueh itern.e or at Mortgsgee'a optaon, sa trustee shall be ratunded to Mort~sgor. If~ :
- however, eucb monthly paymente s~all not be aufficient to pay such itarns whea the esane shdtl beoome due
' ' snd paypble, then the Mortgagor shall.~sy to the Mortgagee ae truatee any ama 9I! to g ~
, ` e
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