HomeMy WebLinkAbout1091
1,), k.
8J:l
')'2 '3')0
j"". ., f.~f, d~)
.'0& V ALl.J}t Ht:"-::f'JVJ,ll. the 'wtk>l.iln~t ~'t'(.'mllk" {!i) to ~~y V)
J<<CCJ.UGtlU MOO-NAOI; COO'A.l11 Q DiG ~
. &. otltlXlfliUoO or...n)J.ed a.nd ('~ iStifl' unde.r
thela....et 8tQte of 'lorida ,orlllxkr,U"qlfinci~..I~u!liot Ton
Th()U8a.~id S1x H\lndrftd 11fty UJ?d 00/100 Dolt.:'.. (t lO~ 650.00). with inlN-<>.tt frorr:
da~..t lne ratel.lf'lve ~ thr.. fourth pet' ('~tltum ( 5 '/4 %) potr Mlntllll.m the un~JA!a
bAIAlt~ unlil v-W- The Mo.lti principal Uld inw_t .h.all 0.. payah\e At. the (1ffi.ct< of
IfCCAUGBi..J MCIlTGAGI, CCilPABY t lJiC>
b1 Coral G.bles. florida . Of' at lJQC.h <>the:r ~ M lh. bo4t...t' HiA)' d('tt\ilfT.4~ In
-rit/nt:. In fOOflth}y hut.dh'Mnt.a af 51 x. ty- t'h) and 20/100- - - ()otlAn (, 62.20 ),
<XJmm~ndt\K m, tht! nnt day of Decomber .1961 ,~(>(I the firM day (>( f'a.{'h trI0!1tt, th('I"-
LfV!r untill};e pritld~ t.nd inl,tor_t Iltt' tully ~w..!, u('ttpt that t~ t\1"I$J payment of U-.e t!t\litt' illd~bt~in~
.v~ced M!'i!.b}'. If wt lkl(lMr p.aid. Mohall tx- du~..n.d p.ayahlll un Un} t\nal dAyof NOV8lDb6r ,1991.
H ddl.ult he ma4t" in th~ ~ymf',nt d lUl)' in.t.IIJ.lm~nl \Uttli!i tola !lote, '''fHi It auch lid.ull l!\ not 01"<\'-
i'-.,..~:J p6Uf k' th", d\H" d""t.., of th~ M;J(t lU(n inl\WlmtmL th~ entl~ prindp;ll 8u.m And ltt"1:'t'Uf'{i l!'ttert'~l ~hlLll
at Of!('e bKOlnfl dl,,\\'<",.j ..yable withvul nutlr~ III the o~jUm; oi th~ huld"".. of thill nott', Fajh.!~ to t'xt'r~i~
this <)Vtiun Ilh.&ll not {'oflJltilute ll, _iLl\'t~r e>t the rl~t ~(' tlxt"rdlt' th~ NU\H." in the f''''''nt of any t'ill!....t'il'Jt'lll
ddault, In tht' f"\'f'nt of dehult III the l),t.ym..-nt 01 thlA i'lOi>", and If thf' u.m~ I~ ('o\li-ch-o by all Illtorn~'y
Qt lAw, tht> undtni(T\M hff'\'by Agn"\e {!\) t.) pay all ,,,:lilt. of cdh,"C"Uoo. In.-:.ludine a rH...1~l)n.1l1;l.e athwney'. if!(!,
l~nLrnf'nl. l,n)l~t. and ~H)~ .n~ hertlhy ...h-ro..
.Gaxl~D!LIL 3H9.~\9!1 ~,- -----'----
Nav~ra I. Sholton
_...~--.--'.... ~_,__",-'--~'-~. ~._..-."'-
And llha11 0\.11)', promptly, awl funy }.'i't'(.)m). d.ischlU"gl'. Uf'<:ut<" dTt'd, rompld.'. all;-l comply with lL!ld
I\hld~ hy ('~h and CH'f')' Hit' ~iipu!lltion~, sgri'('nwnts, C(lndlll()!l~, ,md CnVl'f1Allt-A 01 Ii.aid pn.milVOiJry noti'
i\.nd of thl1i Jnortll!l~t;. th~f\ lhil' trwrtga)(t A!,lld th" ~i\t,\t(' hE'n'by nC3t(.,j ~hlill Ct'1.,1.\<! And II(' null Im<l \'oill
And th!' rni)rtK~BQf furth..r t'-fJH.nafilJ,> 8,5 fdlo,..!:
L TIlat ht, ...,ilI p.l\Y Hit' indel>t;,,"dn~M;, M h~l...ilJbdoff~ 1,(t,vidt.J I'ri\ ikj{" 1)'; H'1H'r',',,,i l(, psy tht'
d...ht In whole. \}f in an A.mount P'llial to OIH' or more m\iothly pa)Tilf:'nt,'l on tilt, principal th1\l an.' ""xl dIll'
on Ult~ l1'Ai', 011 th(' tin'lt Oi4Y of IlI'lY mDnth t'rior to mAturity: I'r(}vided, hOW!~\i'r, tha.t wnttl'n notlCt' .jf All
intention to t'H'f{~ilK' lH!rh privi!!:'f{(> i~ giVt-li at Il'Mt thirty (:\0) dJ\Y!\ pritlT to PH'pl\)'m;:,nt; and, provided
further, that in th{. eH'nt the d{'bt II> ~Hj in full vnor t~; maturity 9.nd ill that tWll' It if> 1nl!IUrn-J l,md~r
the pmVi1l10rll.\ .of the Ni\twnal Hl)u~ioi Act, hi' wHi JMlY to tht> rni"l(1.i~'''e fi-fl A(IJtl~t'~i} 11f('''f/liUin dlli-rgt. ot
OM ~5r centum (i ~\'.) of the orilfina\ ptinn~l ilmount then"Of, t'xcept that in iH> ~"'f>nt ilhA!I the RJJlI!\t~
tJr~miYm t'xc~...j Un.' &.IitRT('j!l\te 6J))(,unt of Vn?miuft! Chllfi"Jl which would hi\\'{' !It''t.'JJ pa)'abie if thr. mort-
gaft\" had (:(;!1tli'HJ~ to \~ iMU!'\"'-(i l!~tii m1tt.uritY; i-neb p.I1)'TI\t'nt tv L.... apr~liM by the mortllNrt:'~ !I1"-lD its
oblii8tlOn ll,) the r I'ttf'ral Hou!l.wiC C(>mmlM!O'H~T on 1t.Ct'V-unt of mort~ Inliurli..H<'e:',
2~ Thl\t, in N,jef TlION' fully to Jlf,.kd the &""(;urity of thiil mottjila.(t" the !lIfJrt111gor. lOK,.tlter with,
lwd in ndditllm to, tll!' monthly J1A)'l1wnt.p- undt'. the tHTn.!l of the. note <'-("(:on>d hel\'!>Y, on n".' flr~t <by of
t'ACh fl'Iont,h until the !\Aid I\(.t(, ill fuHy paid, will p.'lY to ttH' !'lli)rtKaJlt-" th.. following ll\Hfli':
(0) It thia l1lort.!(I\llf: and tJi(> uid not.(. ~un.",i ht'rt'oy iH~' ilumr-<<5 uncia th.. pro\'iAloflS (If tilf!
NationRI HO!Jltlliif Act and ~J 1;H1lC ~ they ('i)f)tliwet:J 1)(' i>lJ Ir\.l\lI;t:'!-}. onrtv.:'jfth (In) o~ th' i\!)IHlal
mortgag,. !t.,UHfU1('t' prt'rnlUl11 lor tilt.' l>uq-oM' of pUHITlf{ the tn{jng&tr~ In l\ind~ wllh vdlH'h to til.I},
ChArgE the uJd mortgalf~'A ohl\g&!-i{)f! to th~ F~!'nl How,;!" C.(Jm-,'-ni~kn('r tor mOft.~fe iI1lH~ranN~
prt"mlUms punm,wl lD thf;' &Pill!cAule 1JT{.vialouA of the Nlitlor!AI1!,,,}u~Ir;K Act. AS lUllt'tl"h.,1, ~nd H{!i"u,
IAUMHt theN:U1Hh!r: the morlji:ligt'-o~ f!.hiAl\, on lh~ ~nnin&Uon vi ItA ohligati<.IO to pay murqp,ge lfli\Ur.
a.n..:-(! pr",nllurn". f h,,\t t 10 t hl' $N:i)unt of the tllort~a.l,(H' an \l6Ylll\,nt-a IiHl.da ,~t;der t hI.' pro'. iSJ(}n,~ he 1 ~i~
ll\Jb&.~lji)!\ whIch Ow lIiortiJl\~~ hu {lot l~~OliJ~ obh:,r~U;-'-l t.o ~~ tt:, the r clicral Hou,ung (,ornmlli-
~HHlf=r.
(b) ^ /turn (-<~\JilJ Vi lhei'tuunl\ n.nta.1t any. next dUf!.. pluJI lhi' pr\'mlum~ lhAt ",HI neJ;t t..~om.'
ouc (\1l<1 j.;,'wa!':l" <,on \,()lid~ li! fin" "11<1 othN hl\,uu"d In!l\Jrl\.n(~ c.oY~rlni: thp ll1ortg!i${t'il pr",p,,'rty. p\\J~
tuu and &.&..a\.(>I'41Iwn1.6 fiN!.! due on tht' rnortl'"gt>d p'ol)ii'rt)' (Jill M ~l'ltilHt\t{'Ji by th!: r!i()rtj{Af{\~) lea.'!
illl f,\!!1V! illn'wiy pa!d thH."fof dl;;ldt,d b)- th4,' n!lmb~f Ilf munthll tll EI~i~E' hdor.; !jIlt' month pnor
t,-, the dAte ...-hi'fl gu{'h iT1)Vud ff-'nts, pr"E'miuf!lA, t.:3t~.$.. !Iud f","~i:'y,..menL~ wi!\ l.>f,<"m'~ Ot'ilfHllH.'l'1t. Eluch
"ume. tu t~ hi'ld by mi)rtgi'...g~ in tnJi\t to llo!\)' uJli trI'mind n~ntA. prt'rnl\Hn.:., ta)';f'~. and ~P(.(:jAl Mi'rkA-'t'
mentA,
(c) Ail l-'4.ynH,nl..$ ml'ntl.,ne<j in th... twO pr~i~il!lj.f But,,'w'cHu!l~ of thi!'. rH,.r3.j.;r~ph i~!ld All pay.
m{>r.tA to t~J1~at~e lJ~Ji'lr th,f. !iot.('! ;kX'Un-d h~rt'hy ~h~H [I'@ ~fi~,,! t()g~!..l')er ~~',d th~ i1,,..re~&l.e ,..:w)unt
lhf!r(;<.~d ~taJl r~ J;<&ld hy toe f(>{J,tp{'(fr ~.h f(I(.ntf', Itl to e.t;lg~ t4,ytnfmt to bo!' ~ppHf<d by the mOIt-
. i~goo i(, lM fnUmvLng it,e.rotl, tn th~ Onit\:f Mt hrth:
J. premium tfi.~t$ lJlH~<JU' U~ oont.t~1 ,)1 Hu;ur~n4)e wHit th~ F!o'<1H-$1 HOiJ..U!1if Corn-
U) 1M i{}n~r :
n, {f~nd nmu, t!lX~, ~~l\.tti't't)t~ fll''l?, ~d vt,her h;uard 1~13iJf8J;'(< pvtnlOJnA;
liL lnt...rr.,at on th~ i1{)W ~.''<:U.f''~ h~~l'; lLud
lV. ,.nwriiuihro (,t t.he pdtH,:i~1 of ~d u.Qt-,:,.
Any ddi(:I~IH:Y In thg amuIJf!t of lU':f& (1o_nr~$t~ m'lflthiy r""yrTlf"nt ,.hal:, vnh-~ mlf(1., l$(.c~j by the
mnrtM~\ff PT10f_ t{. tht! d~-e d..~ of th~l ~i'~t ~ttcl; p~rm~t, O-:Jni<tltut..., ~11 (,\;;lIt of di'itHilt undH, thl'! ftlOtt...
~ 'r'hA t'fj(~f\g~ l'1'U.y c-G-I~t ." "JAt~ C3~..rr'lf not t.<> (!x~1 t'flU c~nt.li (2,0 fot {<$.'h d(.h,ar (it) of
~h. ~~t mor.a Uwl r..t\.1I11;!~;.l (H)} d#.}"6 it; af7~l" t,) 'Clfy(ffl' u.~ E;gtNl €'1pel~ In....Q\'>.t4 in h,anJ!li'iJl
da<<nqMCit p;a~t.&-
S.. '11u;.t U' th~ total of tht, }:>AY?~;~r.W.. [fjli-!j;.~~:!3t,;'- ~ srwr. ~q9'f IJr~d>!'l' (b) of P&.Jajf<l.ph 2. ~.ln'(. :{",Hni al~~JI
IJU~ t.t~ ~oont f?! l>>lyrr<<?!r:itG j\(;iu~JJ1 ~.. . < Ut4Hrrli<~, f'.Jr.p"ju,oU ,~nt$. l1<.~'3lt ..tl.~ MS<~"'Ul
a.zw lJt4\!1'~.r,a, ~re-i:OllJJ:r~. " Ult' (.~ nUl}' lx, ' U~ .hall ~ Cia'Jt~~ fir ~nt1 m<..')rt.g"KO;<~ vll .mt~~\
~~ ~ b$ m~ by th~ illV<-lK~t- U. ho-w~!!r. th~ Jrvrnt.hJy ~yu"~nt4 madi' by th., 'Q'\(}Tt~
1>11
-