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Home My WebLink About0054 ~.. ....:........ :..t,. ~;; ......~.._~: ' ... .~.';~"''\t~"..:..+-:.'l,'.!''',j.,':. <-,..,;;:o.:<t:'*'.,,~, ~,.~-,,~;" ..... :-~,." t' .~~. 10,;,> ~"" I ... :.J .-....( .,., "'..-i l .-,,'",-."' ....~~'.t.....,~ .~. ,":'" :. ~ ,r, ~'. ~. -:. .... '.. ,.,"", . .... ..,li.::' ,:~"'. .~.,"'~"It'~ ...., ," ... "1# <- ..... .,' t''"1-......t", ......~ I~,.. ~."'l.-+ . \~'.. "<. Itt... ",..'It'" ,a-, ';, ~, .........----_, ' ,13, 54 ijJ0~~ f" T , I ilflf ,rf'.jl~1Y ~: "- FOR V '.LlJ1l; H.fX:EIV~. the underaigr.ea trtO!hift\B}fu'pay co- A~~nICAN TITLE INSUlKANCE CO}~AWi . a corpoutior. (..rgani~ed lUld existinif und'!r the laws of Florida .ororder,th<!principals1\lnof N1noteen thousand eii\{h\i hundred s.n4 No/100 Dolla.llS ($ 19 8UO. 00), with interest from date Ilt the ra~ of fl ve & ene-halt Iaer C#i:ntu:n (51 ' %) ~. i\nnum 011 th;; li'lil&ili bAlanet! untIl p&ld. The aald principal Md intereet shall be parat.de at the vftke of A.illericil.n Title Insurance Oomf\a..ny in Miami, Florida .or at such vther p~ &b the holder may deaignste in wrltiw.., in monthly inatalbnent3 of One hundred twe~ve de 46/100 DoHAn \$ 112.4(, ). \,.oJlt1menci~ on U.e firat day of J'uJ..y . U 01. and "'n~he first day of ~ch month theI"e- after until the priucipal and inu,rE:at are tully paid. t!xcept that thll: final payment of the enUre indebtedne88 evidenced henby, if DOt aooner paid. .mall be due ..r.d pay~le on the first day of "Tune , 19 Yl . If default be made in the payment ot any in!ltallment under thi! :lot.e, and it such default is not made srood prior to the due d.lte of the next such installment, the entire principal sum and accrued inter'est shall Ilt once become due and payable withou~ notice at the opti<-n of the holder of this note. Failure to exercise this option shall not e,;)mtitu~ a waiver of the right to exercise the same tn the event of any subsequent default. In the event of default, in the payment of this note. and if th€l same is collected by an attorney at law, the undersigned hereby ~(s) to pa~- nl1 costa of collection, includiui,a ~aaonable attorney's fee. P.reaeI!tment. protMt, ~d notice are hereby waived. ($19.80 state Dooumentary Stamps affixed to orig1nal note and canoelled.) 8/ Harol~-G. Barber ::...------garold G. Barber (_~,!~]J ~. ..----~-*--.-------------- ---------.. --------~ ---- _ _n'~ 1__,~~~_'-1_~ _q_~~,~__.~_~r'b_~~_____"h'h_lt3~_~.:1) Hazel Jones Barber r.nd shall duly. promptly. and fuHy pert'onn. d~8Charge. execute, effect, comlJle~. and comply with e.nd ~ide by each and every the stipulatiolUl. agreemenu. conditions. ",nd covenants of said promissory nut~ and of this mortgnge. then thil' mortgage e.nd the estate hereby created shall cease and be null and void. And the mortgagor further covenants as follows: 1. That he will lJaY the indebtedness, as hereinbefore provided. I'rivilege is rest:rved to pay the debt in whole. or in an amount equal to one cr more monthly paym~nt8 on th2 principal that are next due on the note. on the first day of any month prior to maturity: Provided. hC:......ever. that writtEn notice of an intention to exercise such privilege is r.;iven at least thirty (SO) days pril1r to prepayment; and, provicled further. that in the event the debt is pIlid in fuB prior tv maturity hnd at that time it is insured under the provisions of the National Housing Act, he will pay to the mOl'tpg'6~ M suljusted premium charge (if one per centum (1 %) of the onginal principal amount thereof. except i;ha~ iu no event shall the adjustf!d premium exceed the ag5?C'ta~ amount of premium charges which would have been payable if the mort- gage had continued to be insured until maturitr; such ,ayrnent to be avpHed by the mortgagee u~n its obligation to the Federal Hl.:using Commisaioner on account of mortgaare insurance. 2, That. in order more fully to proWct the security of this mortgag~. the mortgagor, together with, and in addition to. the monthly payments under the tem.J 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 SUnt!!: (a) If this mortgage and the said note &ecured hereby are in!'.!red under the prOVisions of the National Housing Act and so long a8 they continue to be so insured, OI1€-twf:lfth (1'1' ) of the annual mortllage insuranl.:e premium for the lJUrpoaE' of putting the mortgagee in funds with which to dis- char~e the said mortgagee'! obligation to the Federal HOUlsing Commissioner for mortgaie insurance premiums pursU!.lut to the applicable provisiotll! of the National Housing Act, as amended, and Regu- latio:1O thereunder; the mortgagee shall, on the temlination of iti; obligation to pay mortgage insur. ance premlUinS, credit to the account of the mort~gor all payments made under the proviSIOns of this suhsection whkh the IOflrtsragee haa not become oblipted to pay to the Federal Housing Commis- f ioner, (b) A sum equal to the gTO;lnd rents, if any, next due. phIS the premiums th.9.t will liext bec('~le due e.nd payable on policies of fire and other haurd insurlmce covering the mortgaged property. plus taxell !l,.1d MSeSSmeI1ts next due on the mortgaged property (all 88 estimated by the mortgagee) less' all sums already paid theNfor divided by the number of months to elapae bi!(ore OM month prior to the dAte when such ground rents, premiume, taxes, and auessments will become .:Jelinquent, such sums to be held by mortgageil in l"\8t to p&J7 8aid ground renta, premiums. taxel'l. and special assess- menta, (i') All payment6 J'Y'-entioned in the two ~ri!Ceding 8ubsections of this paragraph and all pay~ ments to be made under the n....1te 8~Ured hereby llhall be added together and the aggregate amount thereof shall be paid by the mortPJOr each month in a ainl'le payment to be a~plied by the mort. garee to the following items in the order set forth: I. prem,iu~ cha:r~ under the contract of insarance with the Federal Housini Com- mUlS10n4;!r; H, 16ro\;;nci rents, taxt~, ~!S.'mi'anU, fin:, ar...d other hil-ul.rd in.sunmce pr~YI i 1Il'n3: III. inte~t on the nou: ~;ured hereby; and IV. amortization of the prindpal of aait11~ote, Ar,y dejlcieney if' tt.E amount of such &~ate monthly psymf;mt :1hJH, unl~&'! made good by th", mortaagor prio; to the du~ .;att.., of tM next such varment. constitute an event of default under this m'Jrt-,_ rate, The mor~ may coHed a "l:te charare' not w e-xCf!t'd two centa (2i) lor each doBar ($l) ;;t ea6 pa;'r,~t more than Mteoi1 OS) dare in &r"J"e&ni to CCMll' the extra .aXPfW!ie involved in h~ndling deii~t paymentL S. ~ itthP. total of the JAymenh made::2th@ mol'~, r I1n~er (b) of par~aph 2 P, !€C:.-d i ng ~r uceed the ~l1t ?f p&ymentl aetue!ly S?'~, the mort.eap. for ~U~d renu., We:J and ~?JNnen and luuntlo& ~(ilWXJ." u the cue il'....t.y ~. ' uc..;ilia!J btt er<<hted h;; the mortgaa~ on aUi)~.3'4 ' ~tI to he IEV~-i@ by th(j :roorlp.f')r. l.f. hv1nl'VlI:!'. t."te menthly p&:'l-nenta ml.(1.: by the rno!'tg o ..:''t....\:~'" f) . >,,,,,,-.;,,,, .~,~,,... .,;,-~~-_..