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HomeMy WebLinkAbout0093 n R f' , v::. [) D2 h>H \'Al.l'i; la:n,l\~:lI, thl' ul1der:lii\llt'<\ prOJlll\t'(S) I.. I'IlY I,) ) T. LUCiE C2UhiT. FLA, A}{~H.IC;\~i TITLE It;dUHA:;C~ COl,{i)A:iY ,1\ forp,'titlloll ;>II{IUlIII....i alid 1'\;1l1Ing 1I1ldl'r tht' 1.&"'8 ot ~'l')l'hI.H . or otl!.'r, tho I'rl;;CII',aIIHlIll of J::lr;L tt'en thouf'nnd. flr:d :;0/100 Polian\ ($ lb, 000.00), ~llh intl'I.',,1 fll-lm dj\11 at tht' tall' ot Fivo i t~U'Ofl-rOU:-:t1fl Pt'r ':~nllJrn ( 5-3/4 ~.) pN lUlIllJrli on tll., 11I1141lti bl.ll,ullt' until paid. Thr llald ~)rincipal alld intNn\1 !\hall I~, p<l)" 11 I I' Ilt tlw t111icl' of A;,t'I'lcllf; Title Innuranco CO;n;i(UlY in Htll..:Jl, rlorlda ,orAt such other p!&Ct' 11./1 thl' hO!.il'r IIl,l) d"~llr.llnt.., in wnllllj<, in monthly in!\tl\lInlPnlA of One nundred 1'1 'Ie & 12/100 P..Il.arg ($ 10).12 ), comnwnClllll on tilt' flrllt dllY of ..Tune .19 61, And (In tnI' flt~t d~\' o( .'xcll lIlonth Ihn-.'. Il(!t'r until th.' princil\dl and Int"IL~t iH\.' full)' I...,id. t'~rt'l't that Ihl' rllll\ll~lynH'nt of tnt> t'ntlr.. inJI'htfdlil'f',!! f'''',Jt'n':t"j IWlt'l,y' If liot 8.OOI11'r paid, shi\lIl4.' lillI' alld pu)'a}'h' (Ill th.. hnlt dl\)' of HUj' . l~"jl If ddault I.., Illltdl' iii tnI' Pl\Hlll'nt 'If nny In'ltiil!nH'nt lIndf'I Ihi,; 1101t', Rnd If !llIrh ddillllt i... nl.t ml\d~. l{nod prior to till' ;Ill!' (Lite of th.. nl'...t 1\u('h 1!l!\lidlmt.'lIt. tht' ('ntlr\' prlllcipl\l /\llIn Rlld ltcct\ll-.,llnl.,"'~t ...ha!! fit (,nn' I>('('tl/n., dul' and paynb!t, WIthout IilitIC., at Ow ,.ptlon of th.. Iwldl'r nf. thl/\ lI"t.' Fitd\ll., III 1""n'II\,' thIS optWIl !\hall not fllllstlt\lti' II .....;,i\..r- of th., rilfht to ('"pn'I~" th.. 'IlIn1l' HI th.. ..\I'nt of nil\' sull~'''llll'lil ddnult In the rVt'nl of ddault In tht' p.i\'lllI'lll of thi'! !lOt.', and If th.. :tiHlit' I!\ cOnl'Clhl hy an nltorlwy at 11\...... till' und"lslRllI'd h('r,'hy l\j{rt'.,(~,1) t" pay all fl'!\L~ ,d collrdlllfl, indudlflK 1\ rt'I'\Aonahl., nllornl'y'g f,"t', l'n::>('ntlllt'lIt, pr\)lt'~t. ..~nd l1utl..... iUI' 11I:reb}' .....lUn'l. ( ~ 1 ~ . J 0 J ~. t. e Do 0 U:.i l~ n t ; I ry n: :'1Xf~11 t 0 O!.:{;l:~ft.l notf' C WI C e 11 (-' (:. ) StHJ:JA !l~'ld ~~e :'l'111 ~ ...... E, ~tir' 1 t;!: t \i~'1611t \ ::)o{ll ) Ho!-r'111 ~~ h I'l~~ ;:lle:~ \l"l',lC:it Elle:-l "iir1.brl~ (~nd ) v' .... .4,' l . .' Alld :;ilii.1l tilll)', prpnl\.Uv, fllld fully ,"'rform. dis-char..:.', "\"I:lIll', I'tT.'(,t. cf)mp!d.', and n'lllld:; Wllh and a}'idl' h.... I'ach alld !'VPIY tht, ,-tq1ulHtl"I1S, :Il.(ln'!llt'lits, l'1.11.i1tl"n:i, 1111.1 CO\"IlIlIlt." of :>'i11d l'r"llll.';,ot\' 11(;lt' and of tlil~ Illortjouq..'t'. tLI'11 thi~ nlOr\j{H){t' ~I!J thl' ,'slnl.. hfrl'iJj" rll',dl~l "hail .t'lL....' lInd hi' null an.1 \"ld Alld Ihl' lIIortj{H!<ur furth.'r Co\ ('nilllls Iii {"IIO\~ 8: L That Ill' ""lIl pay thl' IIlllPhtl'dlll'Si\, ,L~ Iwr,'inllt'fon' I'rovidl'{j. !'rlvllq{t' I~ rt'''.t'rh'd to p.'!:> tho u..bt in whoil'. (lr In an [lln"unt '-"lllal tu 0111' or lIlun' mOlllhl... p.a:"Illt'llts Ull tli., 1'f1llrlp,,1 that iHI' Ilt,\t dul' Oil thl' 1/01." OIl till' 11r.~t da\ o( allY I!!ollth prIOr to Illatlloty: I'nlvllkd, hll~\ I'\!'f, lhat WIlt(('n IJotle" of nil inklillllll to "'(t'rri:o.' !llll!! pt!. lIql" Li KJVI'II at I"il.-~t thirty (:1!1) days l'llor tn pfl'pa\"lllt'nt; 1\11,1, pro.ldt.d furtht'r, thnt HI tilt' ('H'nt thl' old,! ,~ pilid III filII 1'11"1 tu 1l1atllnty Hlld at thilt tlflll' It h Ill'lllr,'d und..! 011' proVI~lllnH of till' :"at:oJlill 'lo!l:"I!l~ Act, h., wli! p,,',' to 0... Ill.,rt/(ii)("" all wIJu:;lI'd I'rl:l11ll1l1i ChRt!{e of nile per ""!ltum i I ';) Id lhl' OIlI{i1lal Prill' II"!! amount th('/I'of,l'xt'I'Pt. thltt 11l111l1'\t'flt ~halllhl' ild)II.'ill,,-i pr.'r-llIum e\cr,;"l tliI' a~Rr,'y.iltl' i!fllllllllt of pl.'1ll1UOI rhllr)o("il \\Iilch wtluld hin., IWi'lI pw,'lIhj" if tlw mort.- !fa.j{t' had ClllillJlllt,d tll I... r;1~!lrt'd Ilntll llliltl.lilly; !>lIdl pH)lIll'nt to I", fjPl'lj.~1 hy tlil' rnC!rt;:HX'.", lll~lll ,I-'; nbllKiltltlfl It) tlit' FI,.Inal lI'1ll'illi~ i'''rJlllll~Sloll''r 011 f\C('tlllnt ll( IlWrt~flil't' ini\\JrilI1Cl'. ~, That, ill ord"1 tIlI,r.' fuiiy III pI"ted tlil' 'il'('lllity (I( thi~ rnortl(R~I" t.he lIl11rt~lI)!Or, lilR'dh.'r With. Rnd III ad,llhlfl tll, till' l11t)llthh !"\\ IIlt'nl... IIn,kr th,' knll." o( till' Ilot" !"'(,IIIt"l lwlt'b)', (Ill 11:.. llrst ,L~)' of eac!: lllunth vnlr! t.ilt, snld Ilot" j" f'llly p.\ld y, lil I',') to till' Ilitlrt)Uly....' the ("lI,," l!l~ SllllH: (a) If tJli~ I1wrtj{i1)o(I' and 1t;1' Silld 1I0t,' ~.'(,t1r,'d IlI'rd))' ilr." IlI!HHnl lllld!'r lh., plll\islOIlS of tb.' Natlunal !t.'\blll;; Ad a1\(1 /',ol"IlJ.: ii" lhl")' rOlltlo'II' to II('!I<I in!\\I111l, Ofll"t\lol'lf!h (il;) tof th., .1I111llHl nHlrl;:i1ju' IIlSIII,\f1l ,. I'rnllllllli f<ll lh., 1'1Irp'.'"'' o( P'lltlllV, lht' flHlrl~Hj{.,.. lf1 fUlld., \\ IlL \\ hieh tto dl~. charj{t' lht, nHld Ili..rl~ag'.'.'!'\ ol.ll;{atll'lI to I h... Fh1t'ral ll'IU';ill~ C~Il1illll"-"'IOl!t'r fllr In"l t~~iIXI' 11i:,llri\IICt' pldlll\lfliS "JIlr!\t1illlt to tb' Ill'plici\hll' pnl\i~i(lnl\ of the NntionRllfnu:\illR' Act, Il.,'i 1lIll,'rJ<!.'\l, nnd i-:t'j.[;j, !allllll." til"'fl'ulld,'r; tht' 1!l>,rlg-ilj{t'1' ;;h:..1I, Oil th.' t'3nninHtlull 1)( lt~ Ohltj.pltlllll Iii 1','Y nl(lr-l~a;.:,' ins\lr, .'IK.' pr"lllltJi:l~, rr.',jit to lhl' account of till' Illortgaj;(\',r nll\>ltynll'nlii mad"Ulldi'r !la' prll\ i~IOlh of lhi'\ 'ill!.S'''- tlUll ~ hit, h IIw liiultRilgt'I' ha~ not l)(:uillle obhgall'J 10 pay 10 thl' J-\'Jt'I<I! !I.'thlnK {'Ol!llll!:;- t j"Il<'t. (hI A Rum ,'qual tf) th.. Rroulld t"IlL", if any. rll....t du(" pIli!; tilt' pr('1I111H!1~ thilt wil! 1I.'\t 1~'c('n1l' nu.' . :.d l,,q)',d.h. \"11 p.ullrlf'~ uf hn- m.d otij('r hHZilld in!iur;;nc.; ('to,,"rllllf till' Iljorl)(i\jl,'d !,r"II4'lty, !,III" t<l'O:O-:-\ alld H~~','\:-;l/1I-litll next. dup on Ih" mllrlp'i'Kl'd fin)I"'rt)' (alll\.'l"fltIIlHJ.t,'d I,y tht, 11Ilfrlj.'1Ij.:!"'j lto,,~ nIl :,UfIi;; a!n'ildy pHI.\ lhrrdur divide<:1 hy the nllrnix-r of /Illltllhs to l'lilp~1' Ul'(vrt' 011., Ill"nth prinr tl' tllf' lint I' whl'n !lurh IU.Jund 1{'lit,'1. prdniull1ll, t,.)(('1I, and n!~!'{,5.!Ul1l'nt'l will b"OIlIl' dl'li!iIj\H'nt, !>uell BUIIi" tll L.., hel,1 by tnnrtj.(itl{I'1' 1tI trll;;l tll p.ay t4iiid ground tt'llt.'\. pr.'!l1IlHll1\, tl\XI'B, nlld lij-"'t:'Hd a."-~t.'''-'l- m{'1i tg, ((') All paynil'llts T/i"nliclned III till' two prl..-.~JlnK 1i\lIHH'i.'tIOIl8 of thl.~ pfHkl(rl\ph nnd All I'I\Y' m,;nl~ to 1>1.' mad.. und!'!' thl' !;(I!" 8l~:1If\'d Ill'n'li)' lIhRlI I... ;<.1<11,.1 t"J.\t'thf'f find [liP ^1Cgn';Zilk 1Ul1<JlJl1t thl'C,,-,d RhllIl I~ paid b)' the In,-'rtS{i1Ror each n1nnth ill H lllll.l(!f- p:l)'ment t'J bf' npplu'd bv t.hl' lIlort- i'[l~\"e t.o the follOWing il.'nil! in tht' onil'r 8et furth: ' /. pH'OHum dlarF,,-'8 undn thf: cont.rdC:t of llUltHaTlt.' with thf' Fuh'r..J 1I011~1I1f( ('urn, 1i118.'JIOIH:r; 11. llrollllt! r Ul tll. hu,~, a.~l'Umt'n t~. fin" Hlid (;tllI'r haz-artl Ii' 'HI[ fillf"-' prt'flllUmll; III IIIkf(..~t on the twtl' tl{'('ur\.J hereby; and IV, affiortil)\tion 0( th(' principal o( lUlid noh', Any df'fkif'llcy III thl' amount 0( Iluch Il.RI(r"Kntp monthty paY/J1Hlt i\hrsil, unli'M mud.. k'1H>d hy tll,. rnortill8or pnor to th;> .-!lit-' dilt., or th!' nt'1(t lIlH'h paYment, ('t)I1t;llttlt!' il!l I'\/'Ilt. flf ddi\\Ilt ulld.'r .llilii rfiort- !fSgt', The lIlortgilgef.' may c(.II.xt ~ ,"IIllt:' char~w.l nul tl) exn.'-f'(l two ,';nUl (~i for pach dolllir Cft) fir PilCh payment more than f\(tHm (to) dRY~ HI arrears to cover the I'xtra '.xl...'Il!k. III\ohed III hUlidlllljS deli!i(IUent vayment! 3, That if the total of the payrnl'ill.s made by th~ 1Il0rt{{Ago. t und('r (h) of parl4iraph 2 li~'''\''lhnjll'lhill1 {,H(~ lhf' Amount of p4yrn('nt.a act'Ja.l!y made hy the mortil~. for ~r.ou. nd fl'nta, taxps and 1<n..~(,l!J'lIlf'llt" ar,d \lllurance preffilUlllA, &A lhl' (A',~ nUl} he, .ueJi 0X('e&S &hali 00 cn"Jltp.:j by Uw mOMllgge(' on IlUhlH~u(>'nt paYIO{>nta to ~ tlu.v.ie h)' the rnortgagQr. ]f. however. U.t'! montllly paymf'ntA Illl,,-i~> by UII' mOf4r~)r