HomeMy WebLinkAbout1810.;' , ^
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1''t)ti ~'Al.t!h l:t';t'i•:a~'t':i), l.hr undrl=aigtlE~t} }>tviniat~{s) to l:xy to ~ i . _'t '.. ', R `. `,
, a c.urt~(?rvtit,n orrftl,izc'd and e~.i';t!ng 1Ttulrr
the la~-s r?t ±'hc~ `-3i~~t e of F'lor~ c~_>. , or ot~cier, the l)rincit~el AUm of r;1r;E~ thc~',? ~i:ici
+~ ~ ~ ~ iiollax~n ($ 9 :~U0.00 ), With intrrt•.;t from
five l;:tn:~rE~tti a.~a ,.o/.~t,L~
«ate) tt,t the rateuf Fiv+~ (.~, onF-ci11dl'tr:r 1»r cpnturn { `,-1~ 4 `,~-) t~'r anr.unl utl t}le u.il49td
t,Rlaltce until }mid. T''r~rr sszld t)rfttclpscl And Inta*r~t ahxl} be I~RyRL-1P at tyre vl~ice Uf
~~utheastern M~rterage `om,t:~~tny, 1 ~~iCt Test. F}~tgler ;~trE~et,
iu ~riituti, F~o1i ~.c~ , or at such other plir~N RP. the holder rnray driig~lr.tc~ it
writing, in ritonthly fi;stRllttienis of Forty'- ~~v8n anc~ 91 f I00 fk,llsrs ;~Y"i . L1 ).
S F, :and o1l the iirat dray of ear }'t rnunth iherf=-
cctnlrltencrrlg on the fls~t day of Juke , •~ - ~
after until the prir~~ipel ar;d interee: are fully paid, raxcxpt Chat the ftit~l t~}~rllcnt of the eniirr indri,tE-1llieaA
evicienc~.i heretry, if trot scx~tter paid, shall }re due. anti paYah}a un tyre first da>• ~-'
If default t,r mRde in the payment of ai:y iiit3tal}riTent under this ni,iP, and if such clefau!i i:; nt~t. ntadc
gtxxl prior tU tie E#u~ :late of the next such inatallm~nt, t}ie entire prJnctF?~1 sun! and scrruec} intrrrKt nhsl}
rat once t>~ITIa due and payAble without notice at the option of the holder of thin nt}te. ~'Rilure to t~x~=rcitsr
ihi: option shn~l not contittlte s wai~•rr E)f t}1C riglit tti ext-n tae the aRme in 'the e~•ertt of an~• aui?~i~tiuent
clefal,lt. 7n t}:a et'ent of drfrult in the T~}'ritor.t of thin notes. and if t.lic~ aan,e is collE~tt~cl b}~ an atiarne~~
at ls~{', the underaign~d hereby ag'ttie(s) to ilt+y all eats c,f collc~tion, i:rclucli,ig A reaaonal)le Rtit~rrre}''e fe4;.
t'retentntent, protest, and notice sl'e }leret)y waivcad.
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a `ir; ,i ~: ~ - .- ,:~.: per :,,:::sue
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hnEl fihxli dt11}', prvniptl>', And i'ul}}• t*erfortn, dl8fi[larlT,t', f'\E'{'UL", t t~Ev't, c(,!nj,iC•'.i', aTi(1 Ct>Ylll?i1' 4t It}: P_It/j
R~)1(12 (:;j each itACi PVE'ri' tyre St1~Hllratlt,n8, R~'rE'rflti'nL3, Ct,Ildltl~,nn, 921(1 CO~'Pllant4 t,{ ~f11d l~?'l`-ilil~.~i'rV` LULe
&J:d Uf this nlortgage, then this mortgaKe and t}le estate herrb~- crextE~l }loll ce:l~t ri;l<1 t~:- iltlii an(i ~'c~l(1
And t}le mortgagor fart}Itr ro~•cnxnts eta fullo~~ft:
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~. } t'it'llrj~;E' IK I E'ii: rti t ~ {,
]. ~l'}lftt hf* tt'111 ~i&}' LTii~ lntiE'1)tedn?f3~, iafi herPli!}%rfUT"E' t?7'Ot'1:::
Clr})t let tti}l0ln, t?r In Rri Rm()Illlt t'(1i1R1 tC) Onf OY n)O1-E' IIIOTlt}'a}~' !h".}-Illf:ntH UT: thi; j?r1i1C1})i3; thllt art t:e ?;i hilt'
Orr the nUtr, 071 t}ZE' fn•at tiR.• of ftn}• month prlot' LO IT)BLlrrlt}': 2'rt?VI(lec}, }lC~«e~'fT', t}1Rt «~rltt+'li Ilt~sic't' t'1 n7.
inif~ntion to exercise such pri~~ilegc• iza gi~•en at }eFiRt thirty' (301 days 1?rl(~r to ,)re~~a:rm.I?t :aril. ,?ru~~iiied
fort}ter, thRt in the e~•ent. the debt is pai_i it: fail} prior tc ri9turity and xt that tir:re it !~ insure-d unite`
t'tte proviRions of the I~Rtioltal tluusing Act, he gilt pay to the. rnurtgf:g:'e an adauskecl prerrti!I!n charkr o:
ulte per c~ntum (1 ~%~) of the ori~ir,al pri7icit~al.:riiuunt tTier-rof, exr~=pt t}tRt in no E~F~en'. ahf:!I thE' ad~llat_-d
{>reniium rice-e:i the f+ggrE'gate RI-I~uunt of prt~nrit;tn chxrK~ s ~~hich .•~'uult-1 ila~•r }k^t:n t)xyr+}?IE~ ii the' Jl,nrt.
bage had continuE`C} t() 1)e lilftll red Uliil} R1Rtt_l i'It\'; 9tii}1 l1R}'IrIE'l)t t0 t)t, aj?lillyd t?V t}ir 111()rt fyRk et' tllk,li itf.
i)t)ligatiull to the I•'eclerRl liouaing Gommlasluner un RccEtunt of tnort~;farr insurance.
;),. TT1Rt, :n OrdAr rnt>rt' fUllV t0 prt)tect `}lC 5E'<_'UCIt}' Of thls niort~ilgi-, t}:t' Ittt?Cif{R};i?I, ti?1zE'ther w'li}i,
ar:a in addition to, the mr~nth}}' y~aynter.ts under the tenna u{ the note secured llere}>}•, ol, ti•:t~ tir5t •lay of
}: mer_t;t until tht. ~=t.id note is fu!}}• laid, w'i}1 pxy to the misrigagee the fu}lov~-ing Burns:
(a) If t~iis mortgaK~ Altd the nAtd note securr3d hereby are insured unc}er- the pr{,~: isii~n~ of t}:e
NRt-(?it81 ~ioUBing ACt RItd 80 IOrtg RS t}lE!y COr-LIpUc' t~~ Ise s0 tltrtul-t?d, ()rlE'-t`•i'r:ft[1 (t l y) Vi i.}it• :iT;rl!;tli
1"fiVFtl$aj(e !nflUrfaliCE pr2rttiTitii for t}4C' pU-`pJSB Of })Utting the rilOr't~agri. IIi fuittl5 i}'ith ~4'hli'li S?~ dI~-
C}it1SRE' thE' €ald niUl't~tagE_`t'b vr)}Ig£~tl011 t0 t}.e ha'uera] I}C)Ual'rtg CorlimisSloner fur tilOrtgRggt' :It:~tlraliCt'
pri~:??iurttrs pur~st!:wt to t.}:>' spl)si~Rble pro~•iaioias o{f.~the NPtional fiaasing Act, fs AJIieItdE~e~l, and }:ek~u-
lEltt(?I18 t}icreunder; the IY'i>1i't~8~'~'I? 8h811. E!ri thn t~t7tllitxllon Of Its O})'tlgRtlnii tU pR.+ rlt:irtu:t};t• itTSUf-
FaJiCf.' pren11t1n1A, Crt:}it t0 t}1P. aCtOUftt of the rlt0rtgj~goi RIl t?ra}`mrI':t8 nirtile Ulttlt'r tii" prt~~ :~l~,n~, t)f t}i1S
,~,t,arcticr, ~°itich the niortgn~ee has not bet:onle ot;1_I~atk'd U~ }a: to khr 1•~ederxl }}~_,us::~g (;un~.Inl:,-
r-iunrr.
{tr) A stint e*.lue} to the ~tiJufild rerats, if an}•, nett title, plug the prrntiums thrtt <<•ili next }x~ct~rn(
due and ;?ay.-1)l~~ un policies of fare and ot}ler hRSard inattrance caver.ri~rt}le nii)rtKrtgrd (?ri~j••~t_:, l%lu
taxes rand x~eeq:Itenta nE=xt clue an the ruortgRgel-l ~iv,>erty (a}1 xS estt.i;at€d by the Inert ~ -i'e~ less
all stltit rtlready paid titeacxfor diVidett bJF the nutn.~er of ttuntrt8 tE? clRl;se }:~furr ()l;i nt„ilt}1 l;riif,
t4 the d~.te when $uch ~°rovl~r~i rents, prel?ilirSii~ tl'x~s, and ?asc~snients v: ill I~E~vltie d(~iin+;uent, suet;
sunl>? tr_• b~ held ?~y rrlortr~ag~ in trtlttt to pay said grour6d rertis,premiurns, tf>"Ye3, rand s}>ecla! :ts~ses~-
r.tent~. '
{c} A11 fJa}-ntentri mention:=d iIs t}i~ t~'o pre~4ditlg s:lt~ections of this }? rtagra}~i: rsl:d a]} pa}•-
mClitS t:~ tx~ rxlKrte under tFle rot£ sc5t'r~etl beret)}• altall 1>`t tld~!>?d together xrld t}1e r~l{gret;rltE~ anlr,tlnt
therE~f shtlli Ue I>a1d t,y tl~te n~ortgagat- h month in s. single pxyrttent to t~ applied }~}' ttte mort-
gag~ ±~ tyre foLo~itig itaritu in tha on~er tit fort}t:
t, p,Perriiulr= r}targ~ under thn eontrac2 of infsure-nct h°ith the F'ed?rfi} IIc~uxi*.lg GaT~;-
t~ti~ione2' ;
FI. ground rents, tt3~tE~, ~~s't'`g`~T'jEnt$, riPE', F:t=t~ r~t.h~ r I1f:Z33YC} 1i1flUTAnCF'. l)rt_`Ii:ltlll"iL~;
ttt. ittt~~'c~t ort t.e, t-tote €1€~u~~ herrbv; acid
tlr', tu'n,Qi`ti'~tiflTi Crl t.hL~ pT`IrtCij2~1} E?f ~ii~ tTQtt?.
~tny Eief't^iericY in ~~t® Bit~CiU~it rx~ ~`!Lh a~~'~ao-" rrinlitl?la t~lyrnent 1ai:aii, unless inaclr gExxl b}• the
Dior to ?,rte Eiiu~ t~tsa {.~~ t:e it-`-xt sti~h pa~`Ti'alit, s ;rtstitut~ an evzlit of default undc-r this mo t-
zrtort~ tie p.. t
ga ~< he t"t~r~e€~ Ir~>~ tx?l~;~cE a "late; c?ixr`, tiat;t try acct tt,o cent. (?t) for each ~~c,ll€tr ($t) of
~I l~iytr~~.~t i~?~r~' tt"iafi S~~tYcn, {~~) days ~"~ ~ti!`c~?~ ui c~~e.€ tiE• Latta E:cp~itse Invc,lve~ in !ianr}}illg
da}tlx~v-~~ ~~~.
~3. I'~ta: ~_* +..1'ie Vital of t;ie y~i;e~;ts rstadz 4'-' tt=z r_:t;;~ ;der ~~ncl€~r {h~ of paragralil~ i prcc±=ding sl~:r:ii
~CE~ t-S't?' Fe.ttT3f1•a5F1t fi~ p+;J)I}'F.t1~$ i°~F`,'tl}~3t~ i~s'~ ~ z>Sit' 3C.'i~.'::~~r ~02' ~Ppiin(1 rC•ntR. t9XE'£s f5ild CLA.S@~RrtlE`~tJ~?s
rind iitsst~•axt~ f;rY:znit'u-na, 3sA tie C It~ay be ~ ~. ~ a~all'r.~ cr'~rted`e'T ETl+tS nj ~ gxtgeLthe mur.gls$or
:.~~rz~ (A mace h~ tee r~t~x't~-trr. ~~; hG~~~€~, tt~~ rs~onthly f~•-,-
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