HomeMy WebLinkAbout2242
Ii ~.
d(,'.' (
12
A r'p
'i.Jd
1''C.;l V "LUE H~~t:1VJll, the \l'Hitlu1anc.\ VromlJk! (I) to ioA)' to
AKtRIOAN TITLE INtlUAAHCE oo~w( ~:lU~iT. H-'.
. A Conll.)ralio/1 llr..U1iuod ar,d t'~llllif11 Utid(lf
"lor1da . or (>rt..~'. tM prindplusum of Eleven tt1oufllu.d
n,fty anA No/100 DvUU& {, 11,950.00), with lnw~4t fwm
Five" on.....h.@.lf PlW centum (Si *) per annum un the unpaid
'l"he Wd principal and int..en&t ..balllwt PilYal>>e at the otlk~ I...){
A.IIH,rloan T1 tle In.urano. O()i1\~ny
in M1~1 r lorld.~ ' or at weh oUt... ~ u th" holder OlAY d~llnat.e in
wrHln,r. !n monthly blJlta1lrnmta of 81:A ty-seven and 88/100 DoUan (, 6'1.08 ).
rommt'nd!1.l( on t..'lf! fint day of July ,19 61. and on the flnt day of each month thf!~
after until tM principal a.nd InuNMat an" tully pejd,.xcept that \h~ nn.al payment of th@ 8ntire inddlt('(ine-u
~\'id~ncor.od h~reby. if not IOOnu paid, ahAlIl~ due A.l\d pa)'abk (1U t.he f\rat IlAy of JUJU'1 ,1991 .
If default l~ made in thf:; J-l'kyment uf lUlY i!}ltAllmfnt undt'f thlll Mtt', and it .u~h dt>(/l.li!i Is not made
rood prior tu tM dUi) (late ot t.he nut !uch iMwlrl\f'Slt, the enUre prlncip..l Iltrrl aod a,c('nit"d intt'f'~t Ilha!i
Ilt OliC~ bfo.ct:.>Ow du~ And paYAhle without flotk{- at tht'! option of th{' holdtr of thb nott'. Failufe t(: t:xerdlW'
thl~ option "hAll ool cun8tilut~ A wA!..'tr (lr th~ rl..r-bt lQ e:u.'r-c.i~ the ume in th~ fly,mt of I\ny !\Ih.~ui'nt
dl'tAUIt. In tht' ('vent of dtofault in tht:l payment 01 thhl noi(l, o.nd if the a&lT1., \1 collt'Ctt.'<:i by lHi "ttorll('Y
at lAw, th€:, UlldCT8iJlled he~by aj'"~ (1'1) to J)4)' All (i.)6tf. of collection, lnduding i\ re.a.lOOAbl(' att,)mer's f.,..
~t'lt.rHt'nt. pmt-t.4t, and ootk... A-Te hereby 1U..i\'ed..
tho 1& W'& of
nine hundred
dal4l At t.htt Bte of
bAlAnce \.inti! ~id..
($11.90 State DoO,lll1entfu'y
Btamp9 arrlx~d to orl~lnal
note find c~noellod.)
_/ MOl'I'le L. Van Dt!l'noot (6eul)
'--Moi-"!, le--t:-V tir{- 1)i 1~1;) ot--"" -
---..--------.---- .~.._-_.._.- -
~
s /. A1~I}~_~~~. Df.!!1.1.~ 0 t
Anne vo.n DOl'n()ot
( S_~ l\ 1)
...-~----- -_#--- .....--.-.--..-........ --- . ._-----
And shall duly, promptly, And fully ll€rtonn, tlltICMrlle, ne-cutf". ~fft\(t. comptet"" and comply with I\nd
~.bide by t!j\,ch And every the 1;tipul.tion6, l\I'~m{'nt.J, CimditioJa, .md cownfmt~ of Mid pn)miM-t)fY not"
and of thi.3 mortgage, th(;o this morllllle and th~ es~t~ hereby cru.t.",.j .hal! n~ &lId 1)\> null and v'Jill
And the mortg_ItOf further ~o\'tml\J1IA SA folh)wi:
1. That iw will pay th~ indI.'lJte.dne!!-~. M hereinbefore pr-ovidt'(1. l'ri\'il,,~{t' i.l\ fE'llt'r'..ed to pay the
d"bt in whole, or in an amount equAl t.o onto (If moro monthl)' payment6 on tht: pondl'al thAt .sn- next due
on tile note, on Hw llr3t. day of any month vrior to matunt).': Provided, howt'\'l'r. that w:ntten llOtice of An
intention to ex.erc~ !i\ucn IlTi\'ileg;> ~ given at leut thirty (3-0) day~ prinr to pr-l'I.t.tl.)"ml.'nt; And. pruvii.h'd
fmthfr. that In the ewnt the debt i~ pAid in full prior to maturity !\.Dd at that time it in 1/l8uf\."<i unner
the pfO\'il\ions or the Natkn8.1 JIouldl!ll' Act, he will llAY to th(' mortr~ IUl adJu.tt'fj prh,ilurn chuj{l' d
oni' p...r c<<otUfn {I ~.~) of the '1rir1ual principal amount thN"i'\:lf, l'l(~pt thAt ili no eVt>llt {Ihall thi" (ld)uat.-<i
pr~mlum l"ltce<<! the aglfregat\' amount of pn.>mium ('h8ri[('~ .....hich would hl\v~ bt'(>n pAya.hle ii the 1110rt-
gaf:~ had contlnm-.J t~l llo{' iM\Jh-d until nH~turit)"; lurh llayment to ~ llpp-lied b1 the mor-tf1l.(;.<e 1IP..1I1 IU
obi!gation to the Federal lIou~IIlK COlTlrniuioill'r on ll(X<Junt of mortfliile lmUr&ll<<!.
2. 11\1\1. In order more fully to protect the ueurity of this niortgil.gc. the mortg!lioy. t(}g\:th~r with.
a.nd in a.ddition to, the monthly paymt.'nlA Undt'f the !tomlS of th.. note &<<,UfHi hH~by, on the tlt"5t day of
each month until the. lUlid .)ote ia fully pa.id, wili pa.y to the m(lrtg~~ the following lums:
(a) If this morlg$o.ii(' (tod the 5#id I\!Jtc ~ur"('il hNe-by are iraured under the pro\'i!lionll of the
National HOI1^inlS Act And &0 lung u t.h~y continue to 1)(' e.) inl\\Jfed, f:Jt}t!-.lwt'lfth (I,.. j of the annuAl
m(irtg~gt' il1!Wfance pn:mium for the purlX~ of putting the m(lTtil\~ in funda with.... hlfh to duo-
cha.riu th~ &Aid mortf"~'A ohligation to the Fe..1t'raJ HOUMI111 C,()rnm~Moncf for n}(lrt~fii€ li1!\urM.C(,
prel1liillf\1 punu.lIt to the Applicab!e pro\'i.t.iona of the Nation....1 Bou.lIng Ad, I.!S lUnendf.'J. and Hl'-;[iJ-
iAtiO:l8 the~Ufidet; tht' mortl~ t\.fuill. on the ~nnlr.~tioll of it..,; obligAtion to pay nwrtgill{i; inl'our-
an~-(J pri'nHllm~, aftiit to the &c<<;unt of th,!! n1orti'!'!,~f'H' AU p>>jfUi'nls li\A~ic U~ider tht' ~)rt), i!lioll~ of thi~
IIH'St>l':tiOD whleh th~ mortg~ hu nvt l~-ct)'rne obligated tiJ pay to t!l.e r ooera.! Hmaing C()rnnll~'
flLmer.
(b) A sum equal to ths trroond H'f1t.3. if any, next du.;. plua the prt'miumll thst will next ~OlrH'
du'! and pay~h!~ Ofl 1--...J1kit~ ot fir-", find other h8.l~rd in.ilUf&ll(e c>.wednr the f!"!<lrlgIlKed pr"perty, plul\
tA'(~ iUlt1 ~i:.\.'~,n."Hmt4 n@l.xt .du-e on the mor1g8It><1 pn1P*'r1y (rdl U MtimAtw hy th,' rnort1.al{\>e) leM
f~ll t.ltllHS j\1~J paid theretor dh'i-dOO by the Ii\ffiit>ar of Hl'jnths to dap~'k' bdo~ OfJ{j month prior
t.o the d~te when ~ueh .-round r'wb, prerniu.ml!, l&Xti. ",r;,d a.u(1tWm~lt4 will l,",..x:~m{; delinquent, fiu::h
Iumlt W be held hy mort-lj...." In ttUIJt to i-"l&Y wd IrOu.nd nmt.il, pt;'<,mlunUJ, taUi'l, ~nd ar,eei.al ~.
m\!nla.
(e) AU p1ll.ym....nt~ me'n!.i{){~ in the two phX'(..ding jiuO!ectioni'i (}( thill ptut..lfnph anc1 sll pay.
n..n~ t':l b~. n~ und~l' the r;o~~lW".'urf;'<:i h('r~'hy shall ~ 8.dd~i t.op;ther and. the AJgNj;al-t> amount
th.nwf $1\.$11 be ptWl by th~ nj()rt.~r e-iVh m:mth in AlllP..k pay~t to Doe applied by tht! rMrt-
I"~ W the f{~tl&' ltm-..B it:\ tM order Mt forth:
I. ~'iiUl'i1 ('hl\~ utl>m the ooftl.&et of h~"\l~~ with tfl~ "~nt HtJuahlj' <;am.,
m~;
n. gT\1und fifflU. tg.}:t!&, ~nt.lo. (IN, &Ad othn h..uud Inauranoo prtij;lium~:
m. jntn~ 00 th@ ~ iJ4eUT~ ht:.rehy; ~nd
lV. ~rliuthm 01. too prlndp&l of u.,ld n~_
Any ,.~&:i"y,;;y it; ~ ~;lU1'\t of ~ ~~;,:~mthi1 ps.1m~lt ihi.H. unlf* roM!' good hy thl!
f!ilO~~ p-t~r ~} the ,ji.l@da.,l(; "t tJ.~ r~~....t ~uch ~(I'tHfflt. (in15tlt~te at! CVf11it (It d(tbult llnd{'f thia tnocrt-
Pil"8' 'f'bi': ~ m.rq .6OliP:t Ii '"ll!-te c~p. not t.o e:u~ i'<i"O (~lltA (~) lor (i'~h doliar (.~) or
~ V4~t ~ than ~ (3) aaTA in ~m to eo'f<< tht qrtni .xpM$it iliveotvt4 in hA.ndiini
diM~t ,.~-
8. ~t if tM tubl ~)r tM ~1>>~~ ~ to" ti'-~ rr:..~..t ull.~r (b) of l-;j!.fJ4fu.ph 2 precwins "hi\ll
ueMd .tM lIIiI$~llt of J:4)~~-wmbl ~ly .~ j~, f()T_J.f~vn-d t'wnu., tfl~f'li l-nd ~<Um~ta
~ bml.~" ~i~. as th., CIJ6i; ~ . ~~. b: ~~ by th4 ro'Ht((~~ Ill) ~ljr~t
~ to be m~ by t.b(J mort~. 1 bl'.~."~, ~. ~th!y pliYl1W1ntA n1&d.., by th.tl tn(l~;
o
r
cJ
-.- .lI5t(.1-
A
~