HomeMy WebLinkAbout2829. ~ zs ~ ass .
FoR vN.vs Racsn-~ the undersigned Promf..(s) ~ P4 to `
_ _ ~ __~o~ ~~iid~tiili~bf t~oxru~tu i
, a• corporation organised and esistiug~ under
the U-wa of Tlorida ~_ , or order. the prindpal sum of Thirteen
~houshad ~ ei~ht hu~adrea sad X0/100 Dollars (i 13.600.00 ),with
terest irozn da at the rate of tine sat oa!-tourth _ per oentum ( ~~/~ 96) Pw'
annum on the unpaid balance until paid. The said principal and interest ahaU be payable at the ice of
lltsrieau little Io~nrsaoe Qo~pan,
' in 1[is>si ~ ~"lorlaa , orr at such other place as the
holder may designate in writiiog, in monthly inatsflments ~ Oe~en~•sis sal 31n00
Dollars (i 'f i.31 ), ooao-mendng oa the Std day o! l[aroh ,19 «. and
on the fist day of each month thereattier until the prindPal and interest, are fnlii- psid, ezoept that the Seal
Payment of the entire indebtedness ~-~ hereby. i! not sooner paid, shall be dne and Payable on the
fltst day of Hb1'ftsll7 , lel~ 7~ - .
Ii deisnlt bs made in the py-meat of any installaseo~t under thL note, and ii such default is not made
good Prior to the due date of the nest such inatallmsnk the entire principal sum and accrued interest shall
at once beewme due end payable without iwtics at the option of the holder of this note. Failure to esercise
this option shall not constitute a waiver of the riSht to esereise the awns in the event of any subsequent
default. In the event at delsnlt in the peyna-ent ad this node, and i! the see is collected by an attorney
st law, the undersigned hers~-y agree (a) to pay all costs os oallection. indudinS.a rsasonabae attorney's fee.
Preseatmeat, protest, and notice are hereby waived.
(#13.80 state DootaaeatarT Btaape
afiisel to oriQin~l note sal
oaaosllel.~
of Moodrorr~ J. 1[olalooa
• o/ TathrTa P. 1[olssisoa
s a .~ o
And shaII duly. Prom~y, and fnlbr Perform, diaclurrge, esearte, eSect, complete, and comply with and
abide by each and every t7-e stipnlationa, a~reeunenta, conditions, and covenants of said promissory note
sad of this mortya~e. then this mort~aQe-and the estate hereby created shall cease and be null and void.
And the mortgagor further covenants as follows:
1. Thst he wiD pay the indebtedness, as 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 nett due
on the note, on the Brat day of aqy month prior to maturity: Provf~d, however. that written notice of an
intention to esercise arch privilege u gives at least thirty (80) days Prior to prepayment; end, provided
further, that in the event the debt is paid in fuD prior to maturity and at that time it is insured Hader
the provisions of the National Homing Act, he will pay to the mortgagee an adjusted premium charge of
one per oentum (196) of the original principal amount thereoS, esoept tl~.at in so event shall the adjusted
premium eaoeed the aggregate amount of premium charges which would have been payable if the mortr
had continued to be insured until maturity: such to be applied by the mortgagee upon its
_ tion to the Federal Housing Commissioner on aooo~mttnortgage iaanrance•
2 Thais in order more fully to protect the security of this mortgare, the mortgagor, together with
sad in addition to, the monthly payn~enta under the terms of the note secured hereby, on the first day o~
each month until the said note is sully paid, v~ill pay to the mortgagee the following sums:
(a) If this mortgage and the said note secured hereby are~inanred under the provisions of the
National Housing Act and so bug as they continue to be so insured, one-twelfth (~) of the annual
mortgage insurance premium for the purpose of putting the wort in funds wit which to dis-
ct-arge the asid mo c~es'a obligation to the Federal Houaiag C~a~n~oner for mo msarance
ums..pnssnaat~o the applicable Pe+o!visioas of the National Housing A+ck as am~and Regn-
tions thereunder: the mortgsgee aha1T; on the terminat3oa of fta obligation to pay mortgage insur-
ance premwma, credit to the irooount of the .mo all is made ender the~~ppror+ovisions of this
subsection which the a~ has not beoo~n0 to pay to the Federal Heuaing Conunnisr
aioner.
(b) • A sum equal to the ground rents, i~ aqy, nett due, Plus the pre~aiums that will neat became
due and ~a~1e on policies of Ste and other hasard insuranee covering the mo property, Plus
tales and assessmea~ta•next dos on the nwrtgaged (aD as estimated b~mortgagee) less
~ sums y paid thm+e~-; divided by Mrs num~moaths to e4pse befa+e one month prior
nm to~be ~i~n~~~ ~ ~ to paY safd~~~otmd rents, Pe'emiums. ind sPe~cial asseas-
menb.
(a) /,D p~y~nis meatio~, in_ the t~-o preceding suioaectioas of this paragraph and all pay-
ments to be made ender the notA secured hereby shall be added togetherr and the ~re~ato amount
thezeo[ shag be paid by the mortgagarr each month is • sf~ogls moment to bs a~gp~lied by the mort-
sa=es to tMs ioi19'wiat fb~ns in #la aadar set tosth: . ,
. . L pe+enri~ d~arses e~ #be oontsact~ o[ insursaos with the-Federal Honsint Can
u. z rust, tans, assesee~ante, lire,`~-ud other hasard insurance premiums;
ta. fntes+est as.tbe sate pscand. het+eblt.; sad ~ -
tv. -aprorti~ia~n ct >P~e~,id< ~;,
.!~' day ~+. ~ amount such moathb t shalt, unless made good by the
~o~r prior to thh. des date of +~~~ ~. Hader this wort'
n~~~e.' 'the morrtgagee m~ oolisat a'ti~e- to two cab (&j fir eadi dollar (. i~~_of
rah p~ymeat moat+e t~rstr f[tMta (llf}~ dNi ie =to pfs~e' erctrs ea~pet~ee ia~o3 ed iri bananas
~D~~- -
i. 'Y`hsct it the bokal sd the b msdatq! d~ re ~da"~b) of paragraph $ p:'°°edins ahaII
eocesed tbs anrotmt ~ ae~lbr- 4~~t~ . io:~ ge~oand rents. ta~oes and aasesrments
. ~ .~
-.3. ... s~ - _