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Home My WebLink About1081 , &,-' ",. :' .. ,: _~ _ . " : '. ' , " ,'_ ~ ""~' , ; '.' - ~_':' ;' i' . . ~ ',. :', '~,: _:,.- ,.' " FoaY~bcmVD.the~P"fPe(~)to..,to Ib~i' 14. PAGE331 1ICCWJQ8d.IIC1l!CWD CqIP~. Do,t LUCIE COUNTY, FLA. . . corporatloD ........ aad ...... ..... .lanaf 8tate 2t 'lo!'1~i._ .QI'~. tbepriDdpalaumof . tlrelT. !houaand and OO/~oo- -,' - - - - - ,- -'~, <',121000,.00). with -,tereIt from elate at the .... ., Pi Te . tbz'e. t01ll'Ul ,.. __ ( 5 ,,4~) per, .....am ~ ~ UDpaid \)111-- uW paid. 'nae...... JldDd1}llaD4 ..... .. be ~ It Uae;6e" ' . JlCOAUIBU' KCIilHACD Q(JIPdY, DC'. . ' ba Coral Gables. '101'14& ,..atlUdaotJMr"'utMhoWIr~deaIp"'ia writbw.ta 1DOIlthb' fW'an...-t& aI ' Se.env a4 08/100- - - - -DoIIan" 10.08 ). CCIIDIIleDICiDa' 011 the 8nIt _ of Septe.ber ,I' 61. ad OIl the Ant da:t of.-cla lDODth tber&- after utll the priDdJ* ADd inter.t an ~ Jl@l.aeept that the ftul pqment of the -tire'~ ~ bereb7. if DOt 8OOIMI" paid. man be due aDd payUIe OIl the ftrat dQ of Augua-t . 11 91. If default be made in thepeymeet of auy futaDment 1IDder thia DO~, and If nch default II nut JUde pod prior to the due date of the aut a\1Ch blatallmellt, the _tire priDci~ IUJIl aDd MCrUed lDtereIt ahaIl at oaee beeoD:.e d1ae aDd PQabIe wlthout IlOt.ke..at the 0Dtf0n of tile holder of this DOte. PaDure to exerdle thia option aha11 DOt COD.Itltute a waiver of tIiit riPt to exerclle the aamfl fn the event of any .ubeeQuent default. In the event of default ill the paymeDt 01 thJa note, and if the UIIM fa eollec:ted by au attorney at law, the undereiped hereby qree(s) to pay an _ta of coDectlon, mclu~a rear-..h{e attomey". fee. PrelentmeDt, ~ aDd BOtiee'lII'8 henb7 wai.... - -, _..rera~ ~illlOXl Lillian.B. Wilson And shall duly, promptly, and fully perfonn. dl8eharge, execute, eft'ect, complete, and comply with and abide by each and every the stipulations, agreements. conditiona, and covenanta of said promisaory note and of this mortgage, then this mortpge and the estate hereby created shall cease and be null and void. And the mortp.&Or further covenanta as follows: 1. That he will pay the indebtedneaa, aa hereinbefore provided. Privilege Is reserved to pay the debt in whole, or in an amount equal to one or more monthly payments on the principal that are next due on the note, on the fint day of any month prior to maturity: Provided, however. that written notice of an intention to exercise such privilege is given at least thirty (80) days prior to prepayment: and, provided further, that in the event the debt is paid in full prior to maturity and at that time it is insured under' the provisiona of the National Housing Act;1le will pay to the mortgagee an adjusted premium charge of one per centum (l %) of the original principal amount thereof, except that in no event shall the adjusted premium exceed the aggregate amount of premium charJrea which would have been payable if the mort- pee had continued to be inaured until maturity: such payment to be applied by the mortpgee upon its obliption to the Federal Houaing Commi8sioner on account of mortcage insurance. 2. ThAt, in order more fully to protect the security of this mortpJr8, the mortgagOr, together with, and in addition to. the monthly payments under the tenns of the note. secured hereby, on the fint day of 8IICh month until the Mid note is fully paid, will pay to the mortgagee the following 8umS: (4) If this mortgage and the said note ~reJ hereby are'inaured under the provisions of the National Housing Act and 80 lonc as they continue to be 80 insured, one--twelfth (1"J:() of the annual mortJr8&'8 insurance premium for the purpG8e of putting the mortgagee in funds With which to dis- charge the said mortgaJre8's obligation to the Federal Housinc CollllJliMioner for mortpp insurance premiums pursuant to the applicable proviaiona of the National Housing Act, &8 amended, and Regu- lationa thereunder; the mortpgee shall, on the tennination of ita obligaUon~to pay mortgqe insur- ance premIUms, credit to the account of the mort~r all payments made under the_provisions of this subsection which the mortppe baa Dot become oblip~ to pi.)' to the Federal Houaini' Com.mia- sioner. (b) A sum equal to the ground renta, if any, next due, plus the prem{ums that will next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and &88e88lllents next due on the mortgaged property (all as estimated by the mortgagee) le88 all sums already paid therefor divided by the number of months to elapse before one month prior to the date when sue\! ground rents, premiums, taxes, and assesaments will become delinquent, such SWD8 to be held by mortgagee in trust to pay said ground rents, premiums, taxes, and special assess- menta. (c) All payments mentioned \n the two preceding sut.ectiona of this paragraph and all pay. ments to be made under the note secured hereby shall be added together and the aattepte amount thereof ahall be paid by the mortgqor each month in a Bingle payment to be applied by the mort- peee to the following itelr.." in the order set forth: L premium charifea under the contract of m.urance with the Federal Houailll' Com- miaaioner; D. ground renta, taxea, aueumenta. fire, and other hazard inaurance premiuma: m. interest on thl! note leCured hereby: and - IV. amortization of the princi~ilf said note. AJrr deficiency in the amount of luch aggregate monthly P.Ayment shall, unl... made aood by the morl2uor prior to the dUE: date of the nt'.xt auch paP!lept, conatltute an event of default under this mort- pge.- The morllraaee may collect a "late charge' not t.o exceed two cents (~) for each dollar ($1) of each payment more than fifteen (15) days in arreara to cover the extra expenae iDvolved in handling delinquent payments. S. That if the total of the paymenil made b~the mortpaor under (b) of paragraph 2 precedi11l' shall exceed the amount of paymenta actually made the mortpaee, for ground rents, taxes and aueuments and m.urance premiuma, .. the cue may be, su exeea shall be credited by the mortgqee on IUbeequeDt p&ymeI1ta to be made by the mortgqor. If. however. the monthly paymenta made by- the mortgacor -- ~