HomeMy WebLinkAbout2167FOIL Vnl.us RaC81v®, the uaderalgae~ prom () Pay
YCOAIIGHAt l[Ol~'1'(~A(iS Cq~Ax? • Iga.
a oorporatioa organised and existing under
~ Lws ~ - State of l~lorida . or order, the principal sum of Twelve
Thousand and 00/100- - - - - - -dollars 2 000.00 ), with interest from
date at the rate of five A th1'oo f oLirth per centum ( ~ ~~4 96) Per annum on the unpaid
balance until paid. The said rind and in t shall l~AIIIt ~-~~ of
. ~QA _ _~ ~Aff~bb ~ I ~ as the holder may deaign+-te in
~ COrsl Qables, 1'lorids . or at such other plans -Dollars (= 70 ~ 08 ).
writing, in monthly installments of Seventy and 096200~d on the ftrat day of each month there-
commencing on the first day of February ~ ant of the entire indebtedness
after until the principal and interest are fuUY pdd, except that the final paym
shall be due and payable on the first day of January , 19 92 .
evidenced hereby, if not sooner paid,
Ii default be made in the payment of aqy installment under this note and if such default is not made
good prior to the due date of the next such installment, the entire principa~ sum and socrued interest shall
at once beco~l notncon~a ytatute a waiver of that t~hhet ~ exercise thelsame m thse event of any subaegeur ant
this option ~t o~ thin note, and if the name is collected by an attorney
default. In the event of default in the paym
at law, the undersigned hereby agree(s) to Pay all costa of collection, including: a reaaonaWe attorney's fee.
Presentment, protest. and notice are hereby waived.
Harlan M. $enalev -
And shall duly. promptly, and fully perform, discharge. execute, effect, complete, and corp¢~ with and
abide by each and every the stipulations, agreements. conditions, and covenants of said p ssory note
and of thin mortgage, then flue mortgage and the estate hereby created shall cease and be ull and void.
And the mortgagor further covenants sa follows
1. That he will pay the indebtedness, as hereinbefore provideeda~Pri ~ege nc~ ~~~~ neat due
debt in whole, or in an amount equal to one or more monthly PRYn-
on the note, on the first day of any month prior to maturity : Provided, however, that written notice of an
van at least thirty (80) days Prior to prepayment; and, provided
intention to exercise ouch privilege is gi.
further, that in the event the debt is paid in fuU prior to .aaturlty and at~thdat~~e v ~~ ~~
the provisions of the National Housing Act, he will pay to the mortgagee
one per centum (1 y6) of the original principal amount thereofw,hei cchceWOtuhld have beennP$Ya b ~ ~ o~
premium exceed the aggregate amount of premium charges ant to be applied by the mortgagee upon its
gage had continued to be insured until maturit3•; such paym
obligation to the Federal Housing Commissioner on account of mortgage insurance. together with
2. That, in order more fully to protect tho security of this mortgage, the mortgagor,
and in addition to, the monthly pa ents.uader the terms of the note secured hereby, on the first day of
each month until the said note is fully paid, will pay to the mortgagee the following sums
(a) If thin mortgage and the said note secured hereby are insured under the provisions of the
National Housing Act and so long as they CO ofn utting the mo ~' one-n fe~~ (~t~ which tondis-
mortgage insurance Premium for the purpose p g
charge the said mortgagee's obligation to the Federal Housing ('gmnusaioner for wortgage insurance
premiums rurauant to the applicable provisions of the National Housing Act, as amended, and Itegv-
ahAll, on the termination of its obligation to pay mortgage inaur-
lations thereunder; the mortgagee
ante premiums. credit to the account of the mortgagor all to ~ ~ the Federal Ho vusing Commia-
subsection which the mortgagee bas not become o
sinner. -
(b) A sum equalli .ce oiroftre sad other h~asard insure a eovhermg the mortgagedlpropertybe pluse
sue and payab Po p
taxes and ~sam~d thexrafor divnidede by th~umberoPof months t° elapse before one m~-t~h prior
all sums ~~ lea, and assesamenta will become delinquent, such
to the date when such ground rents, Psi said ground rents. premiums. taxes, and special assesa-
awna to be held by mortgagee ~n trust to pay
meats.
(c) All payments mentioned in they reobPy ~l~ added ltogether and th~aph a ~ amount
manta to be made under the note secured
thereat shall be paid by the mortgagor each month in a single payment to be a 'ed y the mort-
ga~e8 to the following items in the order set forth:
L premium charges Hader the contract of insurance with the Federal Housing Com-
m~ssioner;
II. ground rents, taxes, asaesaments, fire. and other hazard insurance premiums;
. .III. interest on the note secured hereby; and
m. amorti:atiaR at .tire p~incipl<1 gfsaid. , : :.
to monthly ant shall, unless made good by the
Any deftdency in the amount of sack aggrega _~
mo Prior to the due ~~ s >~ such n~ ~ ~~ ~ oenb (~) i~oruleatcuhnaoilu (~1~ of
~~ t~ lliteen (16) days in arrears to Dover the extr+- expense involved in
delingnent pa~-menb' ma8s thsmon~~nnder (b) of paragraph 2 precedinS shall
a. That ii the total of the payments roads forg~+o d rents, taxes aria aasesament.
exceed the amount of payments actually ~~ shall ~ an~dited by the mortgagee on subsequent
~i ~~b~made by the sr• u, b'°waver' ih's mOII~ ~ made by the mores