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Tu I~AV?: nxn To Iloi.i~ the se,m~, to~;~~th~~ ~~•ith all Kn~l sinfiul~~r tho lon~nlents, h~re~litaments en~l ~i~pu~- ~
t~~nrYn~•~~s Ihe~•eunt~~ t~rlon~;in~; ur in xn~'~~•ise a~~~~ertainin~, nn~l thi~ m~•e~~iun an~i rere~ion,, r~intiin~lt~r or re-
inainder.;, r?n~l nlso n1l th~ cstiit~~, rigl~t, tiil~, mtcrrst, lioinrst~~H~l, clo~~•~~r rtnci ri~;hl ~?f ~lo~~•~~r, s~~~ynr~~tr ~~stat~~, ~
E~s,~~sion, ~~laim r;ncl demand ~+•!?atso~~~•~~r, xs ~~~ell in law as in e~~uit~~, oi tlic srii~l \tur1~H~Ol' lil 811(I ~l) tl?r, samc, j
Nn~l ~~•~~r~• p:~rl tL~ reof, ~sitl~ th~ nppurt~~nanres uf tl?e sai~i \lort~;r2~;or in an~i lo tlu~ snme, tin~l ~~~•~~r~• ~~tirt r?n~l !
parcel th~~re~~f unto thc said ~iortka~;rr in i~~~+ simple. ;
'1'he ~1ort~t?gor licreby co~~cnanis ~~~ith the ~Iorl~;ek~~~~, that hc is iRd~•f~~usibl~• s~~ized ot sai~1 lhn~l in [ce
si~npl~ or sucti uth~r estAte, if an~•, as i:~ st~it~~~l 1«min; thNt lic~ h~?s full po~~•er z~nd lu~~•~ul ri~ht to co~i~•~~• thi~ s~me
xs aforesnid; thnt the lan~l is fm~ (rom all enc~umbrxn~~es exrept as herein othcrwisc rc~~itea; that. sf~id~\tort~;a~;ar
K'l~I 111HIiC Stl(~h furtlier t~s.4uranc~~s t~~ pro~•~~ ti~~ Hforesaicl title to said land in sni~l ~torl~;x~ce as mri~• bi~ rcASOn-
ably requircd, And tl~at sai~l \1ort~agor does 1~erehy tuliv w~arrAnt the title to sni~l l~?n~i, Nnd e~•ery pHrt th~reof,
and w•iii ~iefen~i t 1?e samc A~;HU15~ IIIO 1t1K•f ui claims oi a~l pcr,ons whomsoc~•er.
I~HOVIDF:n At.R'AYS 1~1HL if i}1C ~t~rt~;~~~;or s~~all ~~ay untii thn \'Iort~;a~;~~c~ tlutt ~•t~rtr.in pr{~mi~sor~• notc, of
which the follo~ti•in~ is a substantinl ~•op~•, tu ~sit:
S 9, 400.00 Fort Pierce , N'lorids.
January 20 , tfl66
~'ox V~t.u}: Rt:cF:tvsn, the uncl~rsi~?nc~l promisF(s) to pay to thc order of
the ,x~A111111IlISlfHl(~C Of `'~~tcrans' AR»ir3, an Ofliccr of the
Llnited States of America, and his successors i~i suc~h otTic~, f~s sucl?, xn~l 1?is or their assi~;ns, the principal sum of
~Ti~e thQusa d four hund ~d and No/10p---~-a---~~~-n~? it?r~ 9, 400 .00
~~~th ?ntcrest from c~etc at ~he rate of ~1ve 3nd one-half pcr ccntum ( 5~ °Jo) p~r rinnum on ihc
unpaid balRnce until paid. 'I'hc said principal and i~?t~mst shnll b~~ pa~'RL)I~ Ht l~ll~ otfi~•~~ of thc l.oan Guiirtu~t~•
OfTicer, Veterans Ad~uinistration Re~ional OfFce, inSt. Petersburg, Florida , or at, siicl~
other place as the holder may desi nat~~ iu w•ritin~ dc•livered or mail~~~i to the ~I~~htor, in montlily installm~nts oi
--Fifty-three and 38/~00________________~__________ Dollars (~53.38 :
commencing on the first da}• of March , 1~J 66, Rnd continuing on the ~
f irst da~• of each nionth thereafter ~mtil this note is full~• paid, ex~cpt thRt, if not sooner f
paid, the final pa~~ment of principal and interest~ shell be due ancl paynble on the firs~ day of ~
February ,1996. '
Pri~ilege is reserved to prepay at. an~• time, ~~~ithout premium or fee, the entire indebtednes.s or any part ;
thereof not less than the amoi~nt of one instHllment, or one hundred dc~llars ($100.00), wLiche~•er is less. Any j
prepati~ment made on other than nn installment due clate ~~~ill not be cmditt~cl imtil th~ next follo~~•inr installment l
l~U@ (~RtC. ~
If an,y deficienr_y in the pa~~inent of Rn~~ installment un~ler this note is not ma~le ~oacl prior to the clue date ;
of the neat such installment, the c~ntire principal sum and acrrued in/erest shall at oncr. become due and pay- ~
able Kit}iout. notice at the option of the holder of t}~is note. ~'ailure to exercise this ~ption sliall not constitute ;
a~ti•airer of the right to exerc~se the same in the event of an~ subsequent default. In the event. of default in the `
payment of this note, and if the same is collectecl by an attorne~' Rf• IA~S•, the undersigned h~reby agree(s) to
pay all costs ot collcction, including a rcasonablc attorne~'s fec. ;
This note is given for purchase money ot real estate and is secured by mortgage to secizre debt ot even ;
date here~~-ith, given and delivered by the underrsigned to payce on certain re~l property described therein. i
Presentment, protcst, and noti~~c~ are herr.b,y waived. ~
i
--~s/__-~E~N ~
tse.~L] ~
Leonar W. Nix ;
--js~--_r_~~x__c.__NZx------------------------- (Sf:~~,~ ~
Mary C. Nix ~
~SF,AL~ 1
t
ISF:AL~ ~
And shall dulv, promptl~•, an~l full~~ perform, dischar~e, execute, efTe~t, complete, and comply a•ith and ~
: abide by each ancl c~•er~~ the stipulations, agreements, con~itions, anci co~~enants of said promissory• note and ?
` ot tl?is mortgage, tlien tliis mortgage and tlie estate }iereUy created shall cease and be null t~nd void. j
The Mortgagor furtlier covenants as follo~r•s:
1. That he H~11 pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at anv time, ~
without premium or fee, the entire inciebtedness or any part th~reof not less thsn the amount of one instx~lment.,
or one hundred dollars ($100.00), ~shichever is less. Any prepayment made on other than an installment ;
due date will not Ue credited until the next follo~r•ing instnilnient~ due date.
2. In order more fully to protect the security of this mortgage, the ~fortgaror, together «~ith, and in addi-
. , , , ~ r ~ ~.---L-- • . ~ .
[10[i LO, LI1C IIlOI1L[lly [)tlylll(I1LS UIIQeC ItIC ieru~5 u~ u1e iiuie 5eciiPeu iirleuy, ~Ti lUC lll$ltt!lIIICIIL l1LLC 11ri6C LLtfJ' vi
earl~ IllOllt~l until the snid note is fully pnid. ~vill pn~~ to the ~iortgagee as trustee (under the terms of this
trust as hereinafter stated) the fullowing sums: '
(a) A sum equsl to the ground rents, if an,y, next due, plus the premiums that will next become due and
payable on policies of fire and other hazard insurance covering t}ie mortgaged propert.y, plus taxes
and assessments next due on the mortgaged property (all as estimated by the ~iortgagee and of ~
which the 111ortgagor is notified) less all sums already paid therefor divided bx t.he number of months ~
to elapse before one month prior to the date w•hen 3uch ground rents, premiums, tases, and asseas-
ments ~~ill become delinquent, such sums to be held by ~4tortgagee in trust to pay said ground rents, `
premiutns, taxes, and apecial assessinents. ~
(b) The aggregate of the amounts payable pursuant to subparaa aph (a) and those payable oii the note ~
secured liereby, shall be paid in a single peyinent each month, to be applied to the following itema
in the order stated: ~
(I) ground rents, taxes, assessments, fire, and other hazard insurance premiums; ~
(II) interest on the note sec~red hereby; and f ive a1~'d one-half `
(III) amortizetion of the principal of said nots. rcen~, ~
Any deficiency in the ar,~ount of such aggregate monthly pay~nent ahall, unless made good by the 111gr~Egagor ~
prior to the due clate of tt~e next, such payment, constitute an event of default under this morf tgage_ At
Mortgagee's option, Mortgagor H•ill pay a"late charge" not erceeding RgOX~6~iX~~~~(o any insta ~
mPnt when paid more than fiftcen (15) days after the due date ihereof to cover the extra expense involved ~
in handling delinquent payments, but such "late charge" shall not be payable out of tlia proceeds of any sale ~
made to satisfy the indebtedness secured hereby, unless such proceeds are sufficient to discharge the entire ~
indebtedness and all proper costs and expenses secured hereby.
3. If.,the tota~ of the payments made by the `iortgngor under (a) of pnrnnrapti 2 precedinn shnll exceed the ~
flmount of pay ments actur~lly mnde b~ ti?e ~fortgagee, as trustee for ground rents, t~~es and assessments, and ~
insurance prenuums, as the case mny be, such escess shall be credited on subsequent poyments to be made
by the..:~lortg~~?or for such items or, rit ~fortga~ee's option, as trustee shnll be refuiided to ~fort,ttgor. If,
how•e~•er, suct~ monthlv paS ments shnll not be su(ficient .o pny such ite?ns when the snme shnll become.due ~
and payable, then the'.llortgagor shnll p~y to the ~lortg:i~ee ns trustee an~~ fl?nount necessary to inake up
sooK 137 38 `