HomeMy WebLinkAbout0490~b$i 25 P~c~490
FOR Vows x~~. the un~gnea promise (.) ~ PsY to -- _ -
~~$ OOi~Y under
~1 ~ a corporation organiseiLaad existing
m, ~~,~ the prlnctpal sum of Nine thousand
~ y~„~ ~ the State of Florida ~~ (: 9, 500.00 ). witl- interest iron
five hundred and no/100 tier Dce oenfnm ( b-1~4 96) Per annum on the unP~
date at the rate at Five bone-qua ~ shell be Payable the odlos ~ -
balance until paid. The saia prlnciPal sad ib40 xist Flagler Street
Soothes stern lbrtgage Oospa>lY. , o: !t each other Place as the holder may ~signate in
in l[iami, Florida ~ o~ Forty-seven do 41 ~ 100 Dollars (i 47.41 ) •
writing, in monthly inatat>m~ Febsua ry ,19 6 Y . sad on the first a~ of each month there-
commencing on the ftrat day d except that the final ps,Y~'t of the entire indebtedness
after nntil the Principal and interest are tulb- Pal . le on the trst day of January .>i8 Y002 .
~idenced hereby, if not sooner paid, shall be tine and payab
If default be made in the payment of any installment under the ~ ~~~ ~dru~ ~~r oce ~ahall
the entire p P~
rood prior to the due date of the next such installment, _ the same ~ the event of any subsequent
at once become due and payable without notice at the option of the holder of this note. Failure to ex
this opption shall not constitute a waiver of thet of this ote. ~d if the name is collet ~~~ y's eey.
defsult. In the even hereby agree (s) ~ P Y~~oO0s4~ of collection. i~-cludina. a
at,3aw, the undersign
presentment. Protest, and notice are hereby waives. 8sal~~
(~9 . SO State Doauaentarl- $tas~° -_ s~
affixed to original note an ~_~ _Thonas
cancelled.) ____~ -
• ~ 'into • i
- - e e stoma s
dorm, dischar8e. execute. effect. complete, and comply with end
And shall duly. Promptly, and fully 1~ eats. oonditiobs, and covenants of said promissory note
abide by each and every the stipulations,s8 a the estate hereby created shall cue and be null and void.
apd of this mortgage, then this mortgage
And the mortgagor further covenants sa follows: is reserved to Pay the
1. That he will pay the indebtedness. as hereinbefore provide~~pri ~ Pe ~cipal that are next due
provided, however, that written nonce of an
debt in whole, or in an amou ft~ month Prior tmo maturit~ ~ riot to prepayment : and, Provided
on the note, on the first day ven at least thirty ~ (80) daYys P
intention to exercise such Privilege is Si riot to maturity and at that time it is insured undo
further. that in the event the debt is PAaid he will Pay to the mortgagee an adjusted Premium charge
the provisions of the National Housing t.,
one per centum (196) of the original Principal amount thereoW,~ch would have beennpayable~if the~mort-
premium exceed the a$8~gate amount of premium charges Led by the mortgagee upon its
gage had continued to be insured until maturit3• ; such Payment to be aPP~u~ce.
obligation to the Federal Housing Commiaaioner on account of mortgage the mortgagor, together with,
2. That, in order more fully ~ pmts u der the terms of~the note~secured hereb s.~a he ~t ~ of
and in addition to, the monthly ,Payn-y paid, will Pay to the mortga8'e8 the following
each month until the said note ~a ~lu~ll heresy. ~u'e insured under the Provisions of the
(a) ~ this mortgage and the said acts secu~+ed ~,~~~ (~) of the annual
National Housing Act and so long as they choRtiaue to be so ~~• ~ funds ~t~ which to dis-
Ong over for mort insurance
mortgage insurance prezninm far the Purr of pu the mortgagee.
charge the said mort 's obligation to the Federal Heuaing Chi eared Regn-
'ums pnrauaat gages appli~le provisions of the National Rousing A n. ~ ~ mortgage inaur-
t"e t~ ~ ~ the=bdtbnination of its-obligi-ti
anc~oe p~~ ~l ~mort~ te~~ ~r ~ payments made under the provisions of this
~ mortgagee has ao dbligated to P~1Y to the federal Ho~s-ng Commisr
subsection which -. .
sioner. ~ _ . _ new dae, Plea tbe-premiums that will next become
(b) A sum equal to the groans teats.-ii sAY. the inortgaeed Property. Plus
due and Pay ties of llre and other hazard insurance covering
ab P~ ~ ( as. estimated by the mortgagee) leas
taxes ~ ~easmenta next due on the mortg~ pprrooperty ~ 'before one month Prior
d-.therefor divide3 bS- the number of montha:to ~ ~.e delinquent, such
~ sums ~~ ~~ ~~ rents. uma, taxes, ands ~ (axes, and-apec~ assess-
to the date when ~ ~_ ~pq said g _ _ __
snms to be bald by ~ _ - . - ' - hand all pay-
ments. - ~ snbsectiona of this ~agraP ~ amount
(a) ~ p~meats mentioned in thehtg o~y ~ be added together and Aga }fie more
meats to be made under three ote~~ ~ month in a single paYm~t to be sPP~~ by
'thereof shaII be P~ items ~ ~ order set forth:
gages bo the i um ~~ ~~ ~e contract of insurance nth the Federal Rousing Com'
no~iadona'; n~ ~ and other hazard insurance premiums;
• u. grooad rents. taxe!. aasewne
- . - ut. interest on the n~ats_secured hereby: and . ._
~ the prtndpal of said note. b the
- ~• ~°i0~~ t shall, nnlesa made good y
~ ssfldency ip flu ~} ~ ~~ ~~ tote an event of default under this mort-
psior to the tips date ~ ~ next such ~ ~,~ ts.(~) for each dollar (;1 of
upu~e~e lb'"4-d ys~~idarrears,bo opn!erythe ~~- involves iu
cacti' pq,nent more ~ ~ - ~
- 2 receding shall
h (b) ~ paragraph P
~ ~ ~t~pts ~b~b . f°r reab' fazes and assesan~ ~
aces the cgse m~U' - ~ ~tammoade~bi ~e
~ ~ ~ ~e •~ • ~'e °pethl7 Mhwai
• `a~6 ~ jay r .. ~ ; ~ ~ ..
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