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Home My WebLink About2569 ~ TO HAVE ATID TO HOI.D ~Z18 8AIi18~ t0&8C~1~C W!t}1 AI) R!1(~ 8I11~llltil' l}18 ~4J1Ciilllll~9~ heredttaments and appur- ` tans~ices thereunto holonging or in,anyw~sa s~pe~taining, and tha reversion Rnd revoc~siona, rc+msin~ler or r~- ' maindera, nnd atso all tho estRtu, right~ ~itlo, intorc~t, homestead, do~ver And ri •ht of clo~ver, sepArhta estatc, . possesaion, claim and damand wl~stsoover, as wvll in Iaw s9 in equity, of, tho sRicl ~~ort~a~or in anct to Lho same snd overy psrt tl~ereoi, with tice sppurtenances of t~ha said Asortgagor ul and t~a t ie same, and overy pnrt enc~ . pAresl thereoi untu the a~id Mortga~ee in feo eimplo. ~ The Mortgagor hereby covenanta witli tl~o Mortgsgee, lhet he is in~lefeasibly soized of eaid land in fee - eimplo or sucii other estate, if any as is atsled lieroin; thst lie 1?HS full gower and taw~«i right to convoy tho s~me ~ ae aloressid; tl~at the land is free ~rom sil encumbranccs except as herein otlzerwise recited; that sRid A4orl.gagor wiil make euch further ssaurances to prove tho aforesaid titlo to eaid lnnd in sAid MortgRgeo as mAy be reASOn- ' ably re~uired, and tl~~t enid Morigagor doea lieroby fully warrant the titla to sNi~i land, nnd overy part thereof, ` snd wi11 detend tho sama a~ainat t}?e lawtul claime of all pereone whomsaevor. z PROVtnEa Atw~YS thst it the Mortgagor slinll pay unto the Mortgn~ee tlist certain promissory note~ of Hrhich the foltowing is s substsntial copy, to wit: ' a 7, 900. 00 Fc~ r Pier e, Florida, ~ DPCember 23f~~, , ~~64 ~ ' FOR VALUF. RECBIVED~ the under~i~ned promise(s) to pay W the order oi J. S. Gle a s on, JY', , , as AdministrAtor of Veternng' Atiairs, nn Officor of the ~ • ` United 3~stea ot America, and 3~ie auccessors in si~ah office, as euch, anil hia or their sssigna, the principal sum of Seven th~usand ni~ne hut~dred and No/100 ~a~ fl~ 900. 00 ~ y nnth interest rom date at ~~e rete o gitfe &~Tl -h~l~f Per centum S~ ~er annum on thu . un~paid balance until paid. The said prlncipsl ~n ~n~eres a ~a11 be ppyeble at the o~c~ of the I~oan GuarRnty Officer, Veterans .Administration Regional Office, in Ye t ers durg , Fl or a ~ or et guch othQr place as tha holder may deaignate in writing delivered or mniled to the debtor in monthly inatAllmenta ot Forfiy ,four end 86/100 -----__..____.,~ollars (3 7.,900.00 commencing on the ~ Ist dey of Febru~ry , 19 65, tsnd contu~uing on the ls t day oi enrh month thereafter u,?~,~ ~iua ~?uts is tully paid, oxcept thnt, if noL eooner , , pAid, the final payment of pr~ncipal e,nd interest shall be due and payable on the ls t, dey oi J atiuary ? ~ 95 • ~ Privilege ie reserved to prepay at any time, without premium or fee, the entire inde~btednese or any part ! 4,hereof not lese than the smount of one inetallment or one hundred dollsra (3100.OU), whichever ia lese. Any 3 prepayment made on other thnn an ir,stallment due date will not be credited until the next following inetsllment ~ due dats. a i If any deficiency in the paym ent of any in~tallment under thia nota ia not made goad prior to the due dete ~ oi the next euch installment, the entire princi~al ~um and sc,~:rued intereet shnll st once become due and ~~?y- ~ ~ abla without notice at the optioa of the holder of thie note. Failure to exercise this option shnll not canatitute ~ ~ a waiver of Lhe right to exerciss the same in the event of any subsequent dafault. In the event of default in the ~ ~ psyment of this note, and it the same ia collected by an attornay et law~ tiha undersigned hereby agree{a) to ; pay e.ll costs ot collection, including s reasonable attorney's fee. ~ ~ Thie note ia given for purchsae money of reat eatate and is eeciu~ed by mortguge to secure debt of even dste herewith, given and delivered by the undereigned to p~yea on certsin reul property dc~acribed therein. • . Presentment, pratest, and not-ice are herAby waieed. . ; . ; ~ . CS~ate Documentary Stemps ~s~, Paul T. Gilbert ~Sr. ~ ` - .t.. IBEAL ~ ~ . ~ . _ affixed to origin~l note ~Peul T. Gilbert Sr ; and eancelled.) ~ ~ ~ ~ ~8£ALJ ~ ~ . - . : . ~B~AL~ ~ ~ i ~ . ~ . ~ ~B~AL~ - ~ ~ ~ • ~ And ehall duly~ promptly, and fuUy perform, dischnrge, eacecute, efteet, eomplete, and comply with and " ; abide by each ~nd every the stipulationa, agreementa~ conditiona, and covenants oi aeid_promiasory nots and ~ oi thia mortgsge, t•hen tlue mortgage and the eatate hereby created ahall cease and ba null and void. ~ i The 3Vlortgagor further covenants aa followa: 1. '~`hat he rvill pay the indebtedness, ua her~inbefore provided. Privilege ie reserved to prepay et t?n~ time, ~ ~vithout premium or fee, .the entire indebtedness or any part thereof not lesa than the amount oi one wstallment, ~ ~ or one hundred dollara ($100.00), whichever ia less. Any prepayment made on other than an instaliment f due dste will not be cretlited until the next following instsllment due date. 2. In order more fullp to protect the securit,y of this mort~age, the Mortgagor, together with, and in sddi- ~ tion to, the monthly payments under ttio terms of the note secured hereby, on the installment due date daq of ~ each month until Lhe satd note is fully paid, will pay to the Mortgagee.as trustee (under the terma ~t thia ~ 't truat as hereinafter atated) the following suma: . 3 (a) A sum equal to the ground renta, if any, next due, plue tha premiuma t~h~t will next becorae due and ~ ~ pa_yable on policiea of fire and. ather haaard insuranca covering the mortgaged pro~rty, plus taaea ~ ~_.e z~ =~.e~ t:,_ .t~~ p :.f i and assessmenta next ctue on ine morigagea p,-vYeriy ~a;, ~ w~:.~.o~., ....,...b~b.,~ , which the Mortg~gor is notified) less all sums already paid therefor divided ~~r the number of monthe : to elapse before one month prior to th~ date v~hen such~ground rents, prenuuma, taxes, and assess• ' menta will become delinquent, such aum$ to be held bp Mortgagee in trust to pey ssid ground rents, premiums, taxes, and special sssessments. . . , ~,(b) Tho aggregate of the amounts payabla purauant to subparageaph (s) and those payable on the note ~ secured hereby, ahall be paid in a eingle payment each month, to be applied to tha foliowing itQma ; ~ • ~ in the order atated: . (I) gmund rente, taxee, aasessments, fire, and other huzard insurance pramiuma; (II) interest on the note aecur~d hereby; end (III) amorti~ation of tha principal of said note. ~ • Any deficiency in the amount af euch e~ggregste monthly payment ahall unlesa xnsde good by the Mortgsgor ~ pr~iar to the due dat,~ of the netti such paryment constitute an eveat o~ default under this mortgnge. At ~ Mortgsgee'e o~tion, Mortgsgor will pay s`lnte c~arge" not esc~iing four per centum (4~Jo) of any i.natall- ' ment when paid more than ffteen (lb) dsya after the due date thereof to cover the extr~ expense involved ~ ~ ~ ila handling detinquent payments, but such "late charge" s~all not be payable out of the proceeda oi sny st~le ; made to satisfy tbe indebtedness aecured hereby, unless auch proc~ede are eufficient to d~achsrge the en~ire_ indebLednees and all proper coats and axpenses secured heraby, a ' 3. If the total of the pa~ ymants made by t~he Mortgagor under (a) of psragraph 2 preceding ahail exceed tl~e - ~ amount of paymente actually made by the Mortgagee, ne trustee for ground rents, taxes and aeeeaemec~ta, snd - i insurance premiuine, aa the case may be, auch exceae she11 be credited on aubsequent paymants to be made ? ; • by the Mortgsgor for euch iteme or at Mortge~gee's option, se trustee ahall be refunded to Mortgagor. It~ { ; however~ sucb monthly payments s~sll not be aufficient to pay euch items whea the sams ahstl become due • ~ ~ and payable, then the Mortgagor ahnll pay to~tt~e M ee as trustee nny amount necesa~ry to make up ' , . R~~; i~ I~~J!(:f ~~U` . i ; - . ~ 'i e- . . . , . ' ' ' _ '