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Home My WebLink About0864 '. ., .."...",. ," .' ..." . .'. . ' ", ..... .. FoIl V ALUB RBcEIvm. the underalped promile (a) to pay to "- . IlCCAU(HId IlClltGAGB CCllPAIY. ~o6i 14 PACE114 ST. LUCIE COUNTT. FlA. mo. "- . --..-- , a corporation 01'Jr&Dbed and exllti~ under theJawaar State of rlorida .ororder.theprincipalaumof SixteeD !hou.~d JllTe Hundr.d an~ 00/100- - - -Dollan (J 16A500.00). with interest from date at the rate of rive a: three fourth per centum ( 5 ',It ,,) per anDum on the unpaid ~1.ft... until paid. on.. aaId PriDd.-l and.lnter.t aha11 be ~ab&a at the omce of aCCAUOBAB MORtGAGB COMFAIY. 110. In Coral Gable.. ., lori4a ClI' at lOCh other place as the bolder may deaipate in , . writlq. In moDthly ~ta of .1I1.V-.1% aDd 36/100- - - DoUara ($ 96.'6 ). eommeneina on the ftnt da,y of, Aup." , 11 61 . ucl on the Ant day of each month there- after until the princl~ and intere8t are fully paid. except that the ftna1 payment of the entire indebtedneu eriden~ hereby, if not 800Der paid.lhall be due and payable on the ftnt. day of Ju17 . 1991 . If default be made in the payment of any inatallment under thia nO~1 and if .uch default ia not made pod prior to the due date of the DeXt .uch inata1tn-t, the entire principal .um and accrued intereet aha1l at 0DC8 become due and payable without notice at the option of the holder of thia note. Failure to exerciae thiI optioa-aJ:udl not coutitute. a waiver of the riaht to exerclae the ume in the event of any lubsequent c'efauft. In the evot of default in the payment of thia note, and if the ume ia collected by an attorney at Jaw. the underaiped hereby qree(a) to pay all coata of collection, iDcl~a J"8&I^ft.w. attorney'. fee. ~tment, proteft, aDd notice are berebT waived. .__._V~otor H. '.a;p8r . I'lorence x. .~.r And ahaIl duly, promptly, and fully perfonn, diaebarge, execute, effect, complete, and comply with and abide by eacb and every the stipulations, agreements, conditions, and covenants of said promissory note and of this mortp.ge, then this mortgage and the eatate hereby created shall cease and be null and void. And the mort...-or furtber covenants 88 followl: 1. That he wiD pay the indebtedness. 88 hereinbefore provided. Privilege is reserved. to pay the debt in wbole, or in an amount equal to one or more monthly payments on the principal that are next due on the note, on the first day of any month prior to maturity: Provided, however, that written notice of an intention to exercise IUch privilege ia given at least thirty (80) days prior to prepayment; and, provided further, that in the event the debt ia paid in full prior to maturity and at that time it is insured under the proviaions of th3 National Houaing Act, be will pay to the mortgqee 2...'1 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 &Q'I"ePte amount of premium chargee which would have been payable if the mort- gap had continued to be inaurerl until maturity; such payment to be applied by the mortgagee upon its obligation to the Federal Houaina Commiaaioner on account of mortPI"'! insurance, 2. That, in order more fully to protect the security of this mortgage, the mortgagor, together with, aDd in addition to, the monthly payments under the tenna of tile note secured hereby, on the first day of Mdt month until the said note is fully paid, will pay to tbe mort..... the following lums: (4) If thia moJ'tpp and the said note IM!CUred hereby are inaured under the provisiona of the Nation&! Housing Act and 10 long 88 they continue to be 10 inaured, one-twelfth (~~) of the annual mortpp insurance premium for the purpoee of putting the mortppe in funda WIth which to dia- charp the said mort~'s obliption to the Federal Houaing Commiaaioner for mort,.,. insurance premiums punuant to the applicable proviaiona of the National Houa~ Act, 88 amended., and Regu- lationa thereunder; the mortPl'te ahaIl;on the termination of ita ~Uptioo to pay mortgaa-e insur- ance prerruUIl1S, credit to the aor.oant of the mort~ ~ ~ents made under the provisions of this IUbeeetion which the mo~ hall awl ~ obllpted to ~, to the Federal HouainM Commia- aioner. '; ~ " ' (b) A Iwn equal to the ground rimta, if aDY, nut due, plOa the premiW118 that will next become due and payable on policle8 of ftre and otber huard DUrance covering the mortgaged. property, plus tax.. and ~""~ta next due on the mo~ed property (aD u estimated by the mortgagee) less all awns already p8ld therefor divided by tbe, number of montha to elapse before one month prior to the date when .uch pound rents, premiu.m.a, tax.-, and ua.lments will become delinquent, IUch .wns to be held by mort.... in truat to pq aaid J1'Ound renta, premiwna, taxea, and apecialaueu meDta. ' (c) All p&JJIlenu mentioned.in the two precedina .ubMetiou of thia parqraph and all pay- menta to be made UDder the note leCund bereby aball be added tGiether and the &pI:epte amount thereof ahaI1 be paid by the mortaaIOr MCh month in a aiqte payment to be applied b7 the mort- ..... to the foUowiD&' Items In the Order Nt forth: L pnmlum eharplI uder the CODtract of lnauranee with the Federal HouaiDa CclID- mItaioDer : , D. lfi8nd rents, tax.. ..~-.eDta, ftre, and other hazard lnaurance premiuma: m. intenat on the DOt.e teeared hereb7; aDd !Y. ~,t1t~>>""''''~~ .,.' ,:'{j' AD7 ~ in the amount of such Adl-.c&te monthly payment ahalI, UDleu made Iood by the mortaaor prior to the doe date of the DeXt :;rz:8Ilt, eouUtate . event of default under thia mo~ .....- Tbt. IDOl..... IIUQ' .colIect a "late Dot to exceed two centa (If) for each dOllarhml.:: eKI1 ~ man tIaaa IDle (15)-.,. iD arreata to cover the aba expeue blvOlved br ~t~ I. 'null If the toW of the pq:ta ..... bJ the ...~. aDder (b) of panaraph 2 precediq ahall aCMd tile &IDOU1lt of paJlMDta ~17 made ,b1 the mo~ for IfOUDd rents, taxes and ...etp"enb ad iDlul... pnmlums,.. the eue JDa7 be.1IIdl GeeII 8IWfbe credited by the mortppe on au~ ,.,..ta to bit....... by the JIIOI'tpp:'. !I,~, the ~tbIJ paymeDta made by the mortpaor : ..' .: .~_ ... _ a -",.. ;. ff' - ~ '-) , . ,..' ,.'J;\~ "{ 1'1"\ . . ~. " .. .-.. _ . _. .___*_._ ,... _ r,_' _._...---_______.______~_ ---~- .---.....-----............-. ----...,,------....-.--. -". - - .-- --,-' - ,... --- "---' '... -