HomeMy WebLinkAbout1884 TO HAYIG AND 70 HOI,n ~he euma, toKether with a!! ~nd aingulnr tha tenements, h3reditAmente iu?d appur-
tenancea thereunto belonging or in anywiae sPpertsining, ~nd the revernion snd revere:one~ remaindar or ra-
in~indere~ and als~ ~11 t3~e estate, right, tltle, intereet, homeetead~ dower snd righ~t, of dower~ separate eatate,
posaeseion~ claim snd dem~nd whataoever, ae wall in law as in equity~ at tho saicl Mortgagor iu sncl to the same
- end overy part 1~l~oreot, wi~h tho appurtenartcoa ai the 8aid Mortgagar in and t4 the same, end overy part Anc{ ~1
~ parcel thereot unto the aAid MorEgagee in fee simple. '
Tha Marlg~gor haroby covenanta with tho Mort~agee, thpt he is indeieasibly sebr.ed of asid lanci in fee
aimple or such otl~er esU?te, it any as id ateted lieroin; t1iaL he h~?s full power and iew~ul right to canvoy t~he samia
as aforasaid; that tha land ia lreo ~rom ell oncumbrances except na heeein otherwiae recited; ~hst said Mortgagor j
will mnkQ aucli furthar sasurnnces t.o pruvu tl~e sforesaid title to said land in swici Mort~agco As may be rexson- f
nbly required~ snd tt~at eaid Morlgago~ doea horeby fu11y wsrri?nt tho titla to aHid land, and every part theroot,. ~
und wil! dofend tlio ssme ~ainat tho lawful claime ot all persone whotnsoc~ver, ~
PROV~n~n ALw~YS that ii the Mortgugor ehall pay unto the Mortgagoe that ceresin prumissory note~ oi i~
which the following ia a auUatan~ial copy, to wit:
i 8, 250.00 Fort Pierce , Florida. •
December 16 ~ ~964 •
FOR YALUE RECTIV$D~ the undereiRned promiee(e) Lo pay to the order of '
~,he ~~AAdministrator of Veteru~e' Afte?irs~ an Officer of the
United St~tes of Ameriea, and hia aucr.easara in ~uch offece, ies'eueh~ an~l hia or their asaigns, the principe~l eum oi
Eight Thousand Two Hunclred Fifty and No/100-_~~~--_Do]lare 3 8, 2g0.00
with interest from date et the rata of f~v~ a~_f~ ~h per centum ( S~ °~o) per annum on tha
un~p?id balance untii paid. The said pr~ncipa~` anc~~ntx~res~s~ialt be payable at the olfica of the LosA 4uaranl,y
Officer, Yeterans Adminiatcation Re~ionnl Office, in SL. Petersbwrg Florida , or at auch
, ;
other lnce ae the holder ma deaignate in writing delivered qr mAitecl to t~e debtor in monthly instslimente of
~ For~y-nine and 44~100-__________---------------------~oll~re (S 49.4,4 ~
conunancing on the ~~r~t dey oi February 19 5~ and continuing on the
f~xst day of each month thereaiter until this not~ is fully pei~, except th~t, if not eooner ;
. p~id, the final payment oi principal and interest shall be due and payable on the first day oi
- January , 1g90 , . ,
Privilege ia reeerved to prepay st sny tima, without premium or fee, the entire iadebtedneae or uny psrt
thereof not lesa than the amount of one installment, or one hundred dollare (a104.04), whi~ehaver i~ lesa. Any
prepAyment msde on oth~r tht?n an instsllment due date Will.not be credited untit the next following inatallment
due date. - ,
Tf an~? deficiency in the pay ment, of any inetallment under this note ia nQt rnnde good prioc to the due ~iate
of the next such inetallment, the entire principal eum an?d ac~;rued interest shnl! aL once t~ccome due aud pay-
sble without notice ~t the oplion of ths holder of thia note. Failure to eAarcise Lhia option shstl not constitute
a wsiver of the right t.o e~cereise the esma in the event of e?ny eubsequent defautt. In the event o# deisult in the
payment of tLis note, ~?nd if the same i~ eoliected by an attorney at law, the undereigned hereby sgree(s) to
psy sll costs of collection, including a ressonable attomey's iee.
Thia note is given for purchase m~ney oi real eatste ~nd ia secwed by mortgsga to oacure debt oi even
~ date herewith, giwen end delivered by ths undersigned to p~yoe on certain real prnperty described thetein.
Presentment, protest, and noti~e ere hera3by waived.
. ($12.45 State documentary ,
stamps attached to original ;,,~s~__T+~~iR~~__~,~.,~,,~~~ (a~A~,j
note and cancelled) W~rren Ii. Davis .
..~~1..~~~.~R_.I?P?XxS [e€~r.~
: Mildred Davis
_ [6EALJ
~ ~9EAL]
And shall duiy, pmmptly, ,~nd fully perform, dieuharge~ execute, etiect, cocnplete,, aad comply with srad
~bide by eaah and avery ~the at~pulatione, agreemente, conditions~ and covenRnta oi aaid~ promieaory note aad
of t,his mortgage, Lhea Wue martgsge snd the eatate harehy oaceated shsll cesee and be null and void,
The Mortgagor further cogensnta as tollowe: ~
1, Thnt he will pay the indebtedness, as hereinbefore provided. Privi!ege ie reaerved to paepsy at any time,
~ithout premium or fee, the entire indebtedness or any part Lhereoi not lese than tha ~nount qf one iUatallment~ ~
or one hundred dollare (~100.00), whichever ia lees. Any prepsyment m~de on ather tban ~n installment
due data will not be credited until the next following inatallraent due dnte.
2. In order more fuliy tu pmtect the aecurity of this mort,gage the Mortgegor, togethar with, and in addi-
tion to, the monthly payments under ~he i,erma of the nate securec~ hereby, ~n the installment due date day of
each month until the said nata is tully paid, will pay to the Mortgagee as truetee (under the t,etme vf thia
truet ~a8 hereinQfter atat~) the following sums: '
(a) A eum equsi to the ground rents, if any, next due, plua the pr~miuma Ehat witl naxt become due and
p~ysble on policies of fire r~nd other hazeud inaurance covering the mor aged pr~operty, pIus tsxes
and asaessments next due on the martgaged property (all as eatimated~y the Mortgagee and of
- vrhich the Mortgagor ie notified) less all auma etresdy paid thereior d'evided b~+ the number of monthe
to el~?p~e before one month prior to the date when auch~ground rents, premiurns, tsxes, and assese-
menta will becoma delinquent, auch aufi~.s to be hetd by Mortgagea in truet to pay eaid ground renta,
premiums~ taxes, and apecial asaeasmente.
(b) Th~ aggregste of che wmounts psysble pureuant to aubparagrspl~ and those psyable on the note ;
~ secured hereby, ahall be paid in ~ single pe~ymeint each month, to be applied Lo the following items ~
in the order stated• . , _ j
(I) ground rents, texee~ a~ssessmente~ 8re, wd other hasard inauranc~ premiums; . !
(II) interest on the note secw~d hereby; and '
(III) amortir,steoa of t~e principal of said note. ~
, Anq deficienay in the smount of such aggregate monthly payment shall unleea made good by the Mortgagar
psior to th~ due dst~ of the ne~i, auch payment constitute an event o~ defRUtt under thie martge?ge. A~t •
M~~g~qee'a o~tion, MortgagQr will psy n"tate c~arge" not ex~eeding f~ur per centum (4~jo) of anp install-
ment wfien psad more thsn fifteen (l5) dsys aiter the due date .thereof to caver the exZn e~pense involved
, in hsndlirig delinquent payments, but such "late charge" ehali not be payable out o[ the proceeds oi r?ny 8a18
raade to satiaty the indebtedness secured Lereby, unless such proceeda ~re au~cient to dieeharge Lhe entire
indebtedness and ~?11 proper costs and expenass secured heroby.
3. If the total of the psym enta made by the Mortgag~crr urtder (a) of paragrs~ph 2 prececiing shall e~cceed tha
Amount oi paymente actuatly macle by the Mortgagee, ae truatee for grc~und rente, taxee and aeeeestnents~ and ~
insurance prcmiums, aa the caee may be, such excese ahalt be credited on eubaequant p~yments to be made
by the Mortgagor for auch items or, at Mortgagee's option, us ttuatee shall be refunded to Martqsg~or. If~
however, such rnonthly~ paymenta shall not be aufficieat to pay auch iteme when the same shull becwme duo.
and payable, then the Mortgagor ahall pay to the Mortgagee aa truscee any ~tmount~~c~?ry to m+~lce up
' ~ . e"~
~ . r~t,~: