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Home My WebLink About0203 PoaV4Lua~da8~~Ylfl~. AHDIOAM 'II I'Ll IN&tnWlOI OCMPANI , , a ~ oapai..-d &:Id ~ under the laW. of , the State of Flo1'14& ..........~~_ot 'lwentJ thou.anA ..ven hundre4 and 10/100 DoDan <t 20 t 700. GO ). with Il1tenR frGm elAte at tM rate fJI. n. ve e.n4 on__q uarter per ceI1taa ( .st ,,) per amuull on the uapakl'-l_- aDW pald. ".. aid principal ud lnteNat IhaD be PIPb&e a\ tbe ... fJI. .Amer1oan 't1 t1e In.~anoe Ooapalll in M1am1 , rlor14a . CII' at... other pINe ~ ~ holder may Geaipate ill wri~ ba IDGIlthl7 ....Ilpaata of one .bw1dre4 tourt.en an4 "7/1.00 DoUan (f 114.47 ), ~. OIl the ftnt da1 of sept..ber , 1.61 . aDd on the ftnt da1 of MCh month thereatter ~,w. the priDCipal aDd intenIt are fuDy paid. except that the ftDal payment of the entire ~ eri4eaced bereb:r. it DOt IOClIMI' ,.w. lUll be .. aDd paJ&bIe _ tiIIe Ant day of Au~ua t . 19 91 . If default be made in the p&)'lMDt of any !~btllment under thia no~c and 11 aueh default.. not made Iood prior to the due date of the nut auch inat.:&1immt, the eDtire princl~ lIum and acerued intereat ahaIl at On(e become d\i8 aDd pafable without notke at the option of the bokkr Of th1I note. Failure to exem.. thia option ahall not .-.onatitUte a WAiver of the rbdlt to oerciIe the aamo ill the event of any aublequwt default, In the event of default in the p&yn1el1t 01 thia note, aDd if the same fa collected by AD attorney at lAw, the underaiped hereb7 qree(a) to P&.J all eoeta of coUectioa, lDcludiDa.a nu--!Jl~ at;toneya fee. Praentment, proteet, aDd notiee An) henbT walvod. ./ James A. Parr .fames A. Parr, ./k/- a/ Xaren S. Parr Iaren 5. Parr <tZO.70 8tate Dooumentary affixed to original mortgage note and oancelled.) (Seal) J. A. parl' (Seal) . And aha1l duly, promptly, and fully perform, dilcbar~, execute, ~ffed, complete, and comply with and abide by each and every the stipulations. agreements. conditiona, and covenanta of said promiaaory note and of this mortpp, then this mortr8.J'f: and the eatate hereb:r created ahall ceue &!1d ba null ud void. And the mortpaor further covenant. .. foUDwa: 1. That he will pay the indebtedneu. .. hereinbefore provided. Privilege fa reserved to pay the debt in whc1e, or in an amount equal to one or more monthly payments on the principal th..t are next due on the note, on the ftrst dllY of any month prior to maturity: PiIovided, however, that written notice of AIl intention to exercise auch privileae ia given at least thirty (80) da)'ll prior to prepayment: and, provided further, that in the event the debt is paid in full prior to maturity and at that time it fa insured under the provisions of the N~tiona1 Houainr Act, he will pay to the mortr8P8 an adjuated premiuni eharp of one per centum (1 %) of the original principal amount thereof, except that in no event shall the adjuated premium exceed the ~te Amount of premium chMrgea which would have been payable if the mort- rage had continued to be inaunld until maturity; such payment to be appli~ by the mort.p,pe UpoD ita obligation to the Federal Houaing Commiaaioner on account of mortpp inaurance. 2. That, in order more fully to protect tho security of thia morlt'aP, the mortrarof, togetheT with and in addition to, the monthly pa)'lllenta under the terms of the note aeclU"ed hereby, on the first day of eacl1 month until the said note ia fully paid, will pay to the mortppe the following sums: (4) If thfa mortgage and the said note secured hereby are iDBured under the proviaioDl of the National Housing Act and ao long sa they continue to be 80 inaured, one-twelfth (~}~) of the annual mortgage insurance premium for the purpoee of putting the mo~ in funds WIth which to en. eha.rge the said mort~'s obligation to the Federal Hou.si.q Com.,...i..loner for mortpp iDaurance premiums punuant to the applicable provisions of the Naticnal BOWlina' Act, u amenaed, and Regu- lations thereunder: the mortgagee shall, on the tennination of ita obliption to pay Dlortgare inaur- ance prenuums, credit to the account of the mortp({t?r all (laymenta made under theproviaiona of this subsection which the mort.ppe has not ~ oblipted to pq to the Federal Houaing Commia- Idoner. (b) A aUlD equal to the ground rentA. if any, next due, plus the premiums that will next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and uaesaments next due on the tnortgqed property (all as estimated by the mortgagee) leu all SUJlUJ already paid therefor divided by the number of months to e1apee before one month prior to the date when. such rround reDta, premiUlll8, taxa, and aaaeuments will become delinquent, such tlUIIl8 to be held by mortr8lee in truBt to pay said ground renta, premiums, We4, and special a.ueu- ments. (c) All payments mentioned jq the two preceding subaectiona of thia p&rap'aph and all pay- menta to be made under the note secured hereby shall be added to&'ether and the aureJrate &mount thereof Bhall be J)Ilid by the mortgagor ea.eh month in . siqle payment to be applied by the mort- pgee to the following items in the order set forth: J. premium eha.... unde~ the contract of insurance with the Federal HouaiDl' Cam- miMioner: u. ~und rents, tuell, auessmenta, fire, and other hazard inaurance premiuma: m. intere&t on the note aecared hereby; and IV. amortization of the principal of said note. Any deficiency in the amo..nt of BUch an-reaate monthly ~'I1lent shall, unleaa made good by the morta8&'Or prior to thf! due date of the next BUch ~~ent, constitute an event of def.ult under thia mort- rage. The mortgagee may collect a "late Char~' not to exceed twocenti (2t) for each dollar <'I) of each payment more than fttteen (15) days in arreara to cover the extra ex]>eue involved in handliq delinquent paymenta. s. 'n1at if the total of the payments made by the mor+..ppr under < b) of paraafraph 2 preceding aha1l exceed the amount of payments actually made by the mortgagee, for sround rents. taxee and U8eI8Dlenta ( Q