HomeMy WebLinkAbout0172
r, i( 13
aLJi' '
1"72
"
Foe v.w.rs}Ulngvm, the under1tipfld prom18e(")t:.4.~... CJUWTY, rU..
>>tERIOAN T!TLJ: INBUR4NCt C01'lPANY
, & cor !JOl1'tion \Jr-pniud ;md p.xietini' under
the IsWl ftf Flor1da . or ~A:!", the prlndp.a1sum I)f Thirteen
thou.and tlve b\U1dred anA NO/lOa I>ollAla <$ ~:3, soc. 00 ), with interest from
date at the rate of 1'1ve " 'three-toUl.th.a per omtum (5-3/4 "') per annum on the cnpaid
0.1.....,. aat.il p.aid. TIM aid priDdpa1 Pd bat__ a.h.n be piJ'Able at lb. otIlc:e of
Amerlo&Q T1tle Lqeuranoe C'~P&n7
hi l(1aa1, Florl4a ." at auch other pl8ee:oa tlMt holder lnay deall'Df.te in
wrltfDa', In 1nOIlth!J' rutaJ1menta of 8..ent:r-eilht w.nd 84/~OG DoDara ($ 78.84 ),
coaun~ 011 the ftnt day of Ju17 ' 1961 ,and on the ftnt day ~f each n~onth then-
after until the j)I'iodpcal and iDte~ ant tully paid, except that the ftnal paymewtt of the entire indebtedneea
eridMaced hCll"eby, if DOt IOODer paid, ah&II be due and p&y&bIe on the ftr8t day of JW18 , 19 91,
If default be made in the payment of n:lY inataJlm.ent under this ~~, and if luch default is not made
rood pri(if to tlut d1M date of the next auch iMt.aJlmGt, the mtu.. principallum an.d actrued intere!t shall
at ~ becom0 dUE: andpayab.e without n.,tiCf: at the option of the holder of thb note. Failure to exerc:ae
thll option &Ull Mt eocatitute . waiver of the n.ht to exerebe the aame in tb evtnt of al.y subsequent
default. in the event ()f default in the payme.nt of thia note, and if tbe same iif collected by an' attorney
at !aW, the undersiaued hereby arree(l) to par all COilta of roUection, 1ndudina.a reaaonable attorney'. fee.
Pr-..otmat, ~ _ JJJOtiee an bereb7 waived.
,_,...~I Oharles Ho Oppenhe1jner ,___ {Seal)
Oha~le8 H. Opp8naerm~r
($13.50 state Dooumentary
Stamp. att1xed to or1ginal
note and oan0811ed.)
___mY. S:Velyn OpP6nh_~_!Jn_~l:"_,_.____~~,al)
Evelyn Oppenheimer
And ahall duly, promptly, and tully perform, discharge, execut4!, effect, complete, and comply with and
abide },y each and eveI1 the atipulationa, ~menta, conditions, and covenants of said promissory note
and of thia mortgaa-e. wen thia mortgace and tha Mtau! hereby created &:lall ceue and be null and void.
And the mort~r :further covenants as followa:
1. '!'hat he will pay the indebtedness. u hereinbefore provid~. Privilege is resErved to pay the
debt in whole, or in an ImOWlt equal to one or more monthly payments on the principal that are next due
on the oote, on the fint day of any month prior to mQturity: Pro'lided, however, that writtell notice of an
intention to u.erciae web privilep it &i-/en at leut thirty (80) daya pri'Jt to prepayment; and, provided
further, that in the event the de&t ia paid in fuD prioJ:' to mat'"uity and at that time it is insured under
the provisions of the Nations! Houainl' Act, he wil! pay to the monll&,.ee an adjusted premium charge of
one per centum (1 *) of the original principal amount thereof, except that in no event shall the adjusted
premium exceed the apregate amount of premiunl charrea which would have been payable if the mort--
Pee had continued to be inIIured until maturit)'; luch payment to be a.pplied by' the mortgagee upon its
obligation to the F~ca1 Houaing Commiaaioner on aeoount of morti'&P insurance.
2. That, in order more fully to protect the security of thia mortgag-e, th9 mortgagor, togp.ther with,
and in addition tv, the monthly payments under the tenns of the note se<:ured hereby, (in the tint day of
eaeh month until th~ said note is fully paid, win pay to the morta'agee the following sums:
(a) If this mortgage and the oid note ~llred hereby a~ insured under the prov '')ns of the
National Houaing Act and so longaa they continue to be SQ insured, one,twelfth (1,:~) o.he annual
mort&'~ insurance premium for tne purpoee of putting the mortgagee in funda with which to dis-
cb&ra'e the said mortcape'. oI>ligatiou to the FediJnU Housing Commiaaioner for mort:la;e in&urar.~e
prenUtL'TUJ p\il"lluant to the Applicable pr'JviaiODl of the Natiol:i&l Housing Act, as AUnendea, and Rcgu.
latiol'JI thereunder; the l1\ortp.gee shall, on the tefinination -of its obligation to pay mortgage insur-
ance prerwunu, credit to the account of the mor~r ell {Hiyroent& made under the provisions of this
15ub8.eetion which thf> mortgaa'ee baa not become oClipted to pay to the Federal Housing Commis-
!doner,
(b) A.urn aqua} to the iP'Ound nnts, if ~my, n~ due. plUl t.~p. premiwni that wiH Ml(t become
due ,md ~y.ble en polieiee of ft.re and other nau.rd msnranee oovt'ring the mortgagt:d property, plus
ta.xe. and aJlttPm~t.t ,ae:due on the m~ property (aU all estimated by t.he mortgllgee) le.:'%
aU 2luma All"Glld.7 1*i4~ ~ P1 ~ l\wnber' of montha 1:(' cJarJe before one J!1op.th prior
to the dete, "..,.ap arouoo renta, pnmiwna, ~.., and &IIa..mentA will become delinquent, such
IWNI to be he1d'b)o ~ ~ ti.wt t.oP41~d pound renp., prem.tUl1l8, t:.:;e~, and special asseas-
meat&.' !,:;"" , ..,.",
(c) }Jl payIMDt. mentioned in the two preeed~ng ilu'bsection8 of this paragraph and all pay-
menta to be ma under the cote aeetmKi heffi>:r ahall. be added ~ther and the anrepte amount
thereof ahall br, palcI b1 the'DIDt't,.,...-ch m()tlth in a ainCie p&ytI)mt to be a;>plied by the mort-
......to the folJilW.. items in tbfI order aut fariA:
t.' Jd'4'Iftlut?J etw1rM 'tm09r the eontr&et of iMul..mee with the Fed~1"i\i Housing Com-
m,la~ ;
11. psund fttIt3, taxee. ~t'4.1\ft, od other hM.atd UasurafiCe pNmiutn.$;
m. iut.fJzwt ()ft th~ IKli3 ~, herebJ: and
lV, aDW'l'tlAtion at tht )rindp.!' \.,f uJd ~
A1r! 4ef~ifmey b>. tb&. ~ of ~ '".,~.mf!1l~ ~t wll. ur.i.1lU merle ~ by the
r:w~ prior, tu the 4",~of the,lMXt fi'idl ~t. conttitute en evtmt. of defAult under thie mort-
.... '~fIlOriC...... ~~ ., .1a~ cb&lp' ~ to exOsed two e9nt;a \~) lot eacl1 dollar ($1) of
iaat ~t ~...' " (1I1&qa' bt~tc etA'Q' the ~ ~ tnvolved in h~dlu
~lIIlt..,Iti~' :,' , ,
a.".. If..... ty(.....~~itSe~' udft (!1) o! JW"8.I!'apn 2 ~ing .h
~.....~~tI~Iy"."", '. "fOl'~Qreut&,tueaanda.uemnen
MIJ, ~~. the ~ ~tj.JiI" "~, ~tldited by tM wor~?n ~u~.
~ ...,.... ." the ~~..~lt. ~/,tit.e ...lODtbJy ~ta ma.1e by the
OJ, - ~.
0",
..
j (
Q
:<~:~_;.~.~, :~~~~~~~~.~~~:~_~..,)'.;~~:"i-II-!\-~""'~"'"'~,~~:~~~~,'~'~""""~"'"'_:i-;':-"';'~"""".'-T"'>.~" "-""-''"''_~'''''''''""__,,,,_,,~.''''''''''''',__'''~'''''~''''-''' -._>'~ ',""e,"'_. ,",,-,,_~;.-.' .~c~.
. " .,
~~~ _i~ -",---;_'~{""':"r"';:'~~:._.''';;'_:~ ~. ~~~_...___
-~