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Home My WebLink About1285~ao~ 3 4. FWt V~tvs Recstv~r tha undersigned promise(s) to pay to ~E1~IOAa1 TITLH INBUAAtiOH 0010?Ald7C ST• ~~~ COUNTY. FIA. , a oorporatioa otgaaized and exlatiag under the hws ed Tloricla , or or~r, the principal sum of 8e7entesn thousand alas hundred and No/100 Dollars (i 1? 900.00 ), with interest from date at the rate of file d< three-fourths per centnm ( 5-3~$ 96) per annum an the unpaid balance until paid. The said prindpal and interest shall be payable at the ofllce of ~ lllasd, 1!'lori ~eriean Title. ~ ~ s~ ~~ ~~~the holder may ~i~to in writit~, is monthb fnstalhnaats cf Oue hundred lour and 54/100 Dollars (= l0ii.54 ). commencing on the first dsy of i~aroh ,1961 ,and on the first day of each month there- a~:r t~rtil the pa~~ci~ ~d ;~*~:,e_.t a.*e f"Py pa.-~, eArept thst ~e }4r• p.....,.n± ~ th. ~~.,; indebts~dn°~ -.., ~._~ evide:roed hereby, if not sooner paid, shall be dt~-nd payable oa the first day of il'eDruary . 1!1 9L L default be made in the payment of any iust~. ~e8t under this note and if such default is not marls prior tQ rite due date of the next such installment, the entire priacipa~ sum sad aceru~d interest , ~ at once become due and payable without notice at the option of the holder of this note. Failure to exercise this option shall not constitute a waiver of the t to exercise the acme in the event of any subsequent default. In the event of default in the payment of this` note, sad if the same is collected by as attorney at Lw, the undersigned hereby agree (s) to pay all coats of collection, including a reasonable attorney's fee. a Presentment, protest, sad notice are hereby waived. __sl John 1Msuik Henderson (Beal) John 1~'rank Henderson __sf Paulins P. Henderson (Beal) Pauline P. Henderson And shall duly, Promppttl1y, and sully perform, discharge, execute, effect, complete, and comp)3- with and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of this mortgage, then this mortg~~ and the estate hereby crated shall cease and be null add void. And the mortgagor further covenants as follows: 1. That he will pei- the indebtedness, sa hereiabefore pa+ovlded. Privilege is reserved to pay the debt in whole, or in as amount equal to one or more monthly payments on the principal that are next due on the note, on the first day of any month prior to maturity: Provided, however, that written notice of an intention to exercise such privilege is given at least thirty (80) days prior to prepayment; and, provided further, that in the event the debt is paid in full prior to maturity and at that time it is insured under the provisions of the National Housing Act, he will pay to the mortgagee an adjusted premium charge of one per oentum (196) of the original principal amount thereof, except that in no event shall the adjusted premium exceed the agg~gate amount of premium charges which would have been payable H the more gage had continued to be insured until maturity; sach payment to be spplied by the mortgagee upon its obligation to the Federal HOl1A1TiQ c'.c-*~±n+_i..inno,• ?r °~e:nt of m:: s.;,i~ insures. 2. That, in order more fully to protect the security of this mortgage, the mortga,aor. totcether with. and in addition io, the monuuy payments under the terms of the note secured hereby, on-the first day of each month until the said note is fully paid, will pay to the mortgagee the following sums (a) If this mortgage and the said note secured hereby are insured ender the proviaiona of the National Housing Act and ao long as they continue to be so insured, one-twelfth (' ) of the annual mortgage insurance premium for the purpose of putting the wort is funds ~t~ which to dis- charge the said mortgagee's obligation to the Federal Hottaing Con~oner for mortgage uiauranoe premiums purauaat to the applicable Provisioaa of the National Housing Act, as amended, and Regn- lationa thereunder; the mortgagee shall, on the termination of its obligation to pay mortgage insur_ ante premiums, credit to the account of them r all eats made under the~provisions of this subsection which the mortgagee has not become to pay to the Federal Housing Commia- aioner. (b) A sum equal to t>ie ground rants; ii any. next due, plus the premiuma'thst will next become sue and payable on policies o! lire sad other hazard insurance covering the mortgaged property, Plus taxes and sasessmeata next due on the mortgages prep~rty (all as estimated by the mortgagee) less all sums already Paid therefor divided by the number of months to e4pse before one month prior to the daze vvi;en such groupd rents, premiums, taxes, and asseasmenta wdl become delinqugnt, such sums to be held by mortgagee in trust to pay said ground raata, premiums, taxes, sad special sasess- meats. • n ______~__ 16J nu l~7uacuw iii~:iivivuv.i iu wav rwV ~rt7C8Q1Il~[ aIIOaeCt10T1A Af t~,~ Tr1lI~~Orr1Ph and all pay- mrmb to bs made under the note! secured hereby shall be added t~,..~thn.....~ t~,......,.e.•e ~o~t thereof shall be paid by the mortgagor each month in a aiagle p~ymeat to be •.~ ~~ gages to the iollo~viag items is the order set forth: applied ~y the mort- L premium charges under the ca-atraet a~! iasuraaos with the Federal Housing C,oin- misdoner; . u. ground reefs, taxes, its„ ~, sad other hazard insurance premiums; zu. interest ~ the sobs assured hereby; and n-. amortization of the prtndpai of said note. Any de0ciency in the amount of such aggragat~e monthb; pe ant ahalY, Mess made good by the mo prior to the due date of the next sash p~meat, ~titnte an event of default under this mort^ gager mom ma~~~~ a "~ age ~ tti e~eoeed taro Qsnts tY~) !b~ eat, doilgr <;1) of tp~y-meat~~tlw- n~feso (l~i~ days in arr~ar~bo oo~ver tb4~ex~ eacpense iuvo~-ed :ia handii~o~g i+i. That it the fatal of the papmeata a~a$e ~y bhe ~ :Hader (b) o! paragraph 2 preExding shall exceed the aascwnt of paUrmenb acbully aillda~lif-1,be f~ rents, fazes sad assesameab and iasuriwas premimns„ as ~w sac~h eaeeers be an~~the mort;~ee on subsequent ya~b; ~ ~ su-de ~l '~ n~~~pr~`. ' It, hornver, tt-e monti~- p~yra-enb made by the nwortgago~c ti . i~ ~ ' .~ .