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HomeMy WebLinkAbout1119 r f.' ~ ',,' I :10 5US "OR VAI.\'l: 1:.,1 U\)]i, tilt' IIlidt'r6i)o;II".\ I'fl'IlII'l.'PIl t"I"\), t.. 80:';':1{E.,~gTt: ~1 ~~O!~.TJr\JF: CC:,l: A:;Y , i\ cor I'"r ,ltl"lI nr)l:i1l1ill'11 ;lllll t',;stllll{ undt'r . f I \1 I "111 f 1 r'c t'..,!):lll!,'..Ir1 thcIA"'All t.:H' ~t.tl' 01 Flo~'ldH ,llrllft,I'r. Itl'"lli'lIi;t!;, 1'\ ~:,' -' \.- ! 1 ve nundnJd I.::d ::0/100 P'illiln\ ($ CJ, )00. uo ,. ,..tL Illll'I\':o-t fr'-'lIl d1\t" t~t tIll' n\te of F'1 ve &: ttl!'Of'-qu.11' tel'al1{'r Ct'nt~H11 ( 5-J/I+ ~7') pl'T I\IHllllll nil the IInl\jwl bid iI IIr(' untt! pAid, Th... Mill prinCIpal and intt'n'llt ~h.dll.., 1'J\)'llhll' At th.. {lIb',. 0( gr)lUlOi.tltOl'f\ 1':~!':!~;"Gt: Co:n"n::y. 1'~40 ";ient Fl/i[ler BtI't'et, , II 1 ;;'.1 ()l' \ '-1n "' . or at lIuch lI11H:r plare I\J' trw h"ldl'r IIlll\' ,h>~ll!'lIat(' In In,., /l: :\1; _ _ . _ _ Wrltln~, in OH;rlthly inl"tAllrn"lItAof Fifty ;,::(I G;<,/l)~ Ih,Jl!Ht (~50,i..'!. ), rllmrrWllflni{ Oil thl' lir~t .1,1\ of Ju 1:,. 19 61 . Iind 011 Hit, flr:,t da\' IIf t'/H'h lllllnth tll.'I'" "fl,'r llflttl Hw I'Tlnril><\land Intl'l.'~t an' fully pHil!, t'..,o,\'1 tlint th,> (\HI\I PilYlli\'f\!, of thl' n:lllt' llld..l.t,.tllt ",~ f",dell.,.,;1 h;>r\'l,). If Iwl """'lI,'r !,lIlll. ~hl\III>t. dll" illld 1','\)'Rhk ..n th,' 111,( tiny of ,'uno ' l:ttx 2;,;'.) 1. If ddftult I... lIiilde !Il tIlt' PitY nlt'lit ..f IUIY' Inst.tl.IIIl\t'lIt undt'r thi"l riott., /U;lrtt sUlh dd,udt I~ Il'lt llladl' Ilo'>l! j'rJ"r 10 th,. diU> d.lt!. of tilt' llt'xt ,uclt 1I1~,t;dlmellt. tIll' t'lltlfl' pTln,.'lpid l'lllfll Ulld IIft'r \11'.1 IlIl,'llst ~1I.111 lil lilli',. 1.....'.,1111' du.. /lnd p,nuh!,' .....lllllillt nut Ii I' lit the "I'tiun ../ tll,' holdel of thl'! IIPt,. Fadlll" tll \'\"r\'I!'.1' t!ll'i OpUOll Ilhn!l rwl fl'II"tltutt' II WI\I\I', ..f thl' Ilj~ht tlll.....'/lIN. lh.' l'illllll' III lht' "\,'nt of 'ill\' :'lIh~,'quI'llt ddl\uit III tht' t.\t'nt of dd.IIJit III tLl' P.i"!};t'l,t of thl1l nilt.', alld If tll" 1\:\111': IS cull.d' d In ;Ill .dlllln")' "tli\w. Itl\' ulld.'r"q,rr...,d h..It'I.)' a~I,'\'(~l tlll'd\' illl (<):It.'! tof 1"Ilt-cllUII, illdudllli{ 14 fl'l\.'Ullilbk altlllli.,y'" t....., I'n':wnt/lil'nt, Plult'5t, :lne! notln' an' ht'lt'by \\i\I\..J. ($).50 St!\te D()C\.lT~f)r1'....Hry S:t~:1')F Ii:: ~XC;..l t,) o~'1t:lr.fJ.l :l<)tp ;t:'~d. c:i.r_2t~'}CJc) H / ::cl\,:; !'(1 Hill !::(i"r;(~ !'d 1:111 (~:i(~1l1) 8/ :\h{\~:e1.1 E: 1.1 HIiO!lC Ll Hill \ ~, l' II 1 ) And ~hall dilly, j\rllfllpU\,. Hlid full\' l"'rfllnli, dl~dliH).(t', f''-''''lIk. l'If.,<,t, n'lil!,J,'!", ;;nd . 'J!IlI'J\' \~ It!: and ~hid., iJ\' ,'adl and \'\'t'r,\' th., ~tq,ulatlll!ls. ilv.(n'nl.'rlt~. l'didltH,nn, hl1d ""\"lIallll' ui ".Iid 1"":'llh.....,r)' ""I.. IHld of ll\l'l rr:..rtjt,"ai(", tilt'll ttll~ rn,'rtllil).(" alld till' 1'"UI., h,'r..!,\' (It,..tl,d "llali ,"a:>, aild Ii" 111111 alld \ IIld ,\nt! till' 1II1.rt;{il,,"r lurtrlt'r IlI,.'nI:!';t" a... f{ll!,,\~:\: I. That lit, ",III pa\' lh., Ifld.,j,t.dlil......, ;1'; \;"fl'illl...r'ir.' pro\'id,'d 1'lhd"\.:'I..... 11':0-\'1\"" t, ",1\ lh. tlphl III \\hok, jlf III an illllllilllt "'1u.d tll (.11....1 fll"n' ll'''lithly \U\'IIiI'ld,:,> "Ii th, Plllillj.,d thaI .Il" 11.,...l dllt' 011 III" Ilott., "II til., fll,1t d.l\' "f all) 1""llth 1'11111' tll IflatilTlt\: 1'1 tl\ ltkd, L',,, 1'\ .'r. t!l.ll wr it!.ll II"tl<.' of ;ill mklltl<Hllll "\,'r..ll",. !'.lld. pII\II.'>:," Il". ).(1'"'1: at ),-;.....t tlllrty (:~O) d;I)'" !'Iilll l"l,rtp"\!!\t'nt. HIld. l,rq'I.!,'d furti\!'r, lhat In tht' "\"IIt tt". d"!>ll'i 1'''ld III fllll\'ll"f to !lUlUllt\' and at tL.d 111111' It I~ :1l"lJl..d \l!ld.'! th.. 1'/0\'1"1011'1 I,f tll" ~i\!I"lIid 11"i1.'>lliV Ad, Ill' ,\ tlll';l\' to tt;,- 11\111\)(.1).('''' all "dJll-tnl 1" . 'Ill Ill/Ii Ih;ug., (,f Pill' I"'f n'ntllOi (I {, , uf tiit' ..rl)(I:L.! prill< Ip;t! arnll\lIit tllO'rl'of. 1'\\ t'J,t that III Ii.. ""'llt ...1..111 11." ,tdJll,ln! pr"n\l\im ""'(1'1,,1 tl\l' il)()oi'rl'gat., HlllfI!!li!. II! !,ldlllullldlarj{I'I< ""hilh ....ol:lol 11Il'.".I"'I'Il!,.l\al.l.. If tilt' ,,,,,rI. S{lIjo{t' had IIIntllll/l'd tll I,,' 1f1l111ft'.j III.tl! lIlatllnt:>,; l'oU.-li !,a\'1I11'1l1 10 tH.' applll.;j I,y t I\l' lilt 'I !~,lg' t' llpon It,~ ..bl!j.(atllll! to th.' Fldl'fal !I"U"II,~: ~'(lIIIIIlI...;tI'\ll('f 01\ "I1IOUIl!..f mOlt)l:'!ilo{t' !il;.llr,IIlCl', :2, Thilt. In \.rdt'r Ill.. 1'.' fllll~ tll 1'llItn't tilt' .'>',\'ltrlt\' of thi" mOltl{lI"'l', tilt' mOl t!lilY-"T. t"il.,tllO'! \'1th. lilld III addltioll to, tht' ml'llthly 11it,,\'IIlI'llh llflll"f Iii" ("1111" ..f till' n.,t" !H'('lln..l h"I..!'~" "II !Ii" Ii",t d.l\' "r \'iH'h lnonth uIllli till' ",lid lI"t" I'; illll~' paid, .... i!, 1';1)' I" tIp' 1ll1lrtl{i1j(t't' thl' (..11..,\ 1I1l{ ~.urll'. (/1) If thl'l111i,rtil'i\K" alid lh,' !<,\!d II;;!" ""(llfl'.\ h.'r.,l,\' ;n.' IIli'.lll\,d und.'r th., prll\I",:'>!I'o "I th.' Snti.llIal 11"\1:-11\10: Ad .nld :;'J !'Jfill a,., tl".)' t"nlllIU" tll I". 1\0 Ill!'\l,....I. (In...h~'''(t11 (! I, i of t f,.. ;>III1i1al l1"-'rtj{.I~I' 11l"llI,IllU' l'r.'mllllll t"f tb,' l'UtJ~',~.' (If 1"jUI/II{ tl... Ilillrtlo:'W''i II! flll:d~ \\1\11 \,I;I..h I.. dl..., ChiHV" lh.. lliiid lI\ort~Il~I'\"~ i,llllg;tll"ll!" t!l\' h'dpral ll"\l"ill.lo( ('<>mllli~"I"ii\'r fo, ll]f.rtgillll' Ili.,UI.lIiCt' I'f,'nllums pllrillll\nt to tll.. npplic/ll.lf' prll\i!\ion8 of till' Nationnl IInu...in~ Act, 1\,'\ tlllll'Il'!"'!' fwd Hq~lI. I:It " '11'; th..ft'11Ld,'r; till' !lil1ItKilt:"" !->h;tll, on th.. ti'OIlIli.ltl<11i "f il'l ol,lll{atp.n (II 1';1)' rr:ollY,ill" ill'UI. ,iIlP' prCll11ulIl'\, fl.,llt t., tlH aCl "Ullt "f til" lil..rtp:aKor all I',IVII II' Ii t.., llliidl' undl'r till' 1'1'" 1.-,,01,:> of tht- ~1:i,~.'Ctl"li ",111'.11 th.' 11iL'ftj,{.l~t'l' hiL'; Ilot l,n:IJlIle "Lh;;dlt...1 (II 1'..) III tlil, Fnl'.'lid 11'l\blll).: {"'"II.JS. -: Ilf1!:r. (I,) A !lUI1l 1~lllal to til..' )lftllllld 1"LI:1. If lIll\', rlP>:t dll!', pili" tI,\, prdlll!IlPS th;lt "Ill IIt'\1 \"'COIIII' du,' ,11\>l ;,a)';,l,},.. 0111",1:11"" of 111'.. Hild "tl..'r hal;lr.! 111"lIf;lfIt'l. rO\I'lilIK th,' li\>l/tY,I;'"I!'!I'I'.'rt\. 1'\IlS t;\\,'.. Hlld fl,...',\t'!'.~,lIll'lIt.'i 11\'.t du;> ('11 tiil' IIiprtj{ilj(..J \'r,'l....rty (iI!] a..__ 1'"I'I!l'l!,'d 1,\' till' 1IIIlItrayn') I,'~" fill "UI!!!< Idrnviy 1',i1t1 tflf'(t.flt. di\'ld.,t1 I,y the nurniwr of 1:!"lith~ tl' ..laIL'\p iwf..rl' 011/' lllltflth pll'.r tll Ow .jnto- wtil'f1 ruch ~f"und ,,'nl!!, pr..tllIUlI1S. laxI';;, and 1\..'\.,..:....lIH'IIL~ "'Ill i....,\'onl.. d,.III:qij,.!,t. ,:'>lld, !HlT/HI to b..: Iwld hy T/lOrll{llJ(\'t' III tru"t to pH!, "'~llfl l.(!I!iJlId 1I.1I!,..., prdHlillIl!l, ta)(1 1\, iwd ~l'.'\.lal ;l.~'''''~~' rl1('IlLq, (c) All l'ilYIliI'lll.'\ :n.'nt!oritd in thl' two !lIli:..dllij{ l\\III..'1.'\.'tioli~ of thi.. l'arllKrapl: ;\lid illl \':\\. nll'nUI to I){, fllwk Ilnd,>f thl' n"k l<h:ull'\l hn,'ll)' !ihali I". wl,t.-d t/li{dill'r lInd th.. HI{j{p'jo('at.' amount tllt'fnJl ithall l>f' pHld I,)' Hit' lllortj:('ilvor I'/Hh Hi ,nth ill II ~1!lSih' IIF,y"wnt tit h\~ ill'plrl',j by th.. rtIl,rt- gAj{''i' to th" followltll\ iUln~ In tb.> onh>r lid (orth: I. premium rhinv,.'A und{'r HIP ri>ntrild of ilHiiJrlHlrl' With tli,' hd,'r.d IIo,u"i!1l1. ('Oln nil!!!~IOr,,:'r ; II. ~f1)u!\l1 n'nt'i. tll.'.,,:!\, I1.!'.'WMlr!!'lltA, fir". and uth!.'f ha/afd 11i~l}riln(~' I'r..rlll!lII1S; !II. wtt'Tl';<\! Oil tii\~ Il(jk lkfUh.d hnt'l)}'; and I't'. amortization of thl' pflBf'\pal"f I\iiirlllotl', An)! dt'lki..nry in Ih..' amount (,f ftllci; l\RlCrl'l(att' fI1()llthly pf\yrllPnt lihall, 1I1l1.,!!.'! mHtlo- )("....d by tl", mortf(ag'IJf pnor to the .IUt. dato- uf the lil'\ll\urh pllvll\!'nt, l'O!li'titute IHI t'\'('nt of ddA\J!t und"f tl:lflllwrt, IAge, The morty:a.get' mAY (:ijllt'<:t ft "'Ii!.. dHn((I,.r not tf) (''((('(-(1 two (('nUI (~.) for I'Mh df)liaf (t-l' "f u.i.'h payment more than fitlN:H (15) days Ir\ urt'i>rll to rO\'tr the t':w.tfA t>Xlx'IlM' ill","1n''\ III hant!hlil( df'lIfif(Ul'nt pA11~nt3, 3, TI...~t If tht! td.AI of the paYlllPnta Illtt.tl<l by lhpli1ortRap;!Jr tIIdlN (b) of par/41filph :/. PI,-(.'dIJiK flhRIl iH.C~ th'! &JnOllflt of p&}I'nentll actUAlly tnade b)' Uw mortg-.gf't'. for ~found tt'iltS. lAX!'.l\ lili!l /i...<\......,,"....nwnt.... and l!\.lluranc~ pTt'miumA, So! Uw C&lW may hf', Iuch 4:'Jl(,('M ahall tX! CH',iltcd hy the lJ]l!rtil!i~(,{' ollllui,~,...~u~nt p.aym@nt... ti) be m4\d~ by Ule iliortiiigor. H. however, till' monthl)' paymeflLd r~iftt!(' by tilt> rnortgAlfl)f <<I - ~''''''-'-~-'~'i..~~-e~;..:,;.~<,~~'~-:"r".;- .