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HomeMy WebLinkAbout1986 -~-~~ " f, L i:C It C t /-(", h A_ FuR VALl;..; h,:n:1Hl.). th('lIntl~.8i'PK-d r,r(Jrnl~(8) ('lllAY t.) aOU~6T:Dt)( Mon'f\1AG$ C01>Q> Atly . a f~)q~)rllli(rll ol'l!ll\f1iH.d and {\xi!l.llrl~ und"r th" It,WlI (I' tho BtA ,," of florldfl .. or 0f\iH, tili' ~,rilldp-i'\ IU!1\ o! :tantl thoUI&l')d five h\Ul6.1'O'\l and No/IO\) Doll&r~ {$ 9~.sOQ..aCl, }. wit.h IlltanH frum dat. ;\t UH' rat.~ ~1! ti YO ii.nd on.e-.tourth. 1--":."1' (:>.:'ntum ( -.. .51-- ',i(.) il('r l\11I1U!I) 'Ill the lllip~id },i!!allN' until paid, The 3aiti Jiri..cit>A1 Aiid inkn-al 8hllil be I-,.y.blo At. tlw (.{jk.e vt SOutiHH\ilt.ern Kortga.ge Ooap~fJ.j', 1)40 Wlit~t J'l.~ler 8tr-eet, III )Uol, Ylor1d-!\ ' ,II' at tluch othH yl.a~ lUI th", llOld,'r may {k~it<\iH\tt ill writing. ill nwnthly il1!.ts.llmtn~..' o! FOA'ty-..",.n M.d 41/100 lk>lILlfI\ ($47.1';1 ). ,'omr-.1.:nclng un tni' fllr'\ dliY of Ootob8r .1\62 . ~\id on the Ill'st tIft!' of "Mil month thl'rt'l\it.~r untIl the prl1ldpa! and intt'n'\.~t &N.' fully vliid, MCt!pt th~t the fllUll p<'Y/l\f'flt uf Ow ,-ntm,' ind.:ht.'<:ln\.'M {'\li<iNi~:r;1 htH-hy. If no\. lK>on('r pAid, ..h~Jll~ dut' And t)li\)'Ahl<l,m tlw fllf\l day of 8el)tellber . _ 200%. ' If ddllUlt be m&J.' Hi the p-!\yment (',tan)' in!Wime:1t unJt''t' tili6 notE, And if su.:h ddi\uit iil not In~'.\e lC\."'KI t,tior to tho' du,", dllttall{ the n~xt such :nl!tallm~nt. lht' (,llti,..~ IJn!lcil,all\um i\J:d a<X'rUf:\.llllh.'n'4t thall !It on{'t' t)f:>("O/1lt.' JUt' fUld pJ\y!"hlr -wlthoutllutict"ftt the l:pUOtl of th.... hol,h!f of thi!l note FAilufl' to I.'\l'r~l"" thia (lption !lhnii not clJnL'titutf' 1\ ....."i\('r of thE' riJht l<) '3x...n:;~ the IUL"l1U in Ow t'....~iit ol an)' 6ul~hlU~llt urfl\lIlt. III th,' ",>,cnt of dl'!hult Iii tilt' I'.:\ymt'!lt o. thl!l I",l~', And if lla. Mllie 13 (<.)ilt:ct.,l by an 5Hllrn-ey I\t lAw, th(' \l!ldN'fiIKIH'd b'ld,,' iillfh'\5) tl) ~..'\)' &11 c"~t.6 ,.f coll<<liol1. including A !'(-,Monll.ble alt<..;rIWy'll fee_ Pn'&-l'nlmcnl. l'rot('at. and notici: f).H her",b}' wah-€<.1_ ($9,50 Stnte DooJaent~r1 8t~1~ affixed to original note ~la oanoclled. ) 5/ e\U.~el ):lll,l'rl!lL~Jr.. \~~l) ,.,-- 8aau~1 lial'riD, Jr a _/ PltiQ,Ann_ R..'lrI"lR Ui"lill} P8gg1 Ann HATr18 And !lhNl duly, l'rvmptly, I\nd (ully I-)(Tkrm. dischal 1<\.', f;u:ocut,:, t'l1i,<:l, cDrnplde, and C''-lfilply wIth f\Jld It.bidr by t'nch find p\.'ry till' !\tlpui/l.tions, n~n't'1iH'nl!i, (nnditiona, and CO\'l'fi!l.f!t3 of It.'\id prl'mil'-.!".DlY not~ and of thi!\' mortga)Ct', tlH'1l thl!> rnortgi\gt' and tht' ut.att, hi'reby cn'alt,l ~hllil ("'f!.j\t' and lx' nuil "nd void AI.d th- rnortv.sg.)f ftlrtlH'f cnn'i1/l.nll\ a,~ {(.1I;"...~: 1, Thz.! ht' will pA)' th" InJ,'!Jtt-dllr'l\1\. <'0.... lH,,,'!nhd,,rt> l'll)vid.-:-J. l'n'. ilqce il\ ft'JH'r\'t.'.i to pay th~ debt in who1F, or in nn fl.ffiOllnt {'qual to nn" f!r nwn' monthly paynwnt.'1 nn tlw prindp!\! that I\r,' i1i'Xt tll.H' on thl' not." on thf' t',rAt day of nllY month prior to rrllltunty: i'ro\'idt',-i, hl;'o.H'Vi'r, thnt wrHh>n notl,.' of ..n inkntlOl1 t" ct.('rCl!H: lHlch ptl\ dr'RI' 13 x1H'n at k:ut thirty (:10) ..ili)'a prior to prqmynH'nt; And, pr-ovid(-d furtht'r, that in tht. en'nt tilt' debt i~ paid in full prior to In.!itUrity fllid nt thut t!l:,(' It ih in1\i1r.~d undt'r lh... I'/tlVlllions fd tht, NAllN1al HUU!iilj[ Act, hI' willllAr to tb:. mOI'tg..gt'-(' ft11 ..d}lI5t....\ premium duugc of O!W p,-Of l't'lltlJf1I (1 f~ ) of U-w ofl~lllal prlllCll'llllHilO\lllt thl:'ll'of, e~rei,t that :n lJo {'vent i!~H.ll the Id;u!!ted pn'!lllum excf'{.d tnt' H~lo:rl'l~atc arnnU!it of pft't11lurn (hfir)\u~ which would hp..\'e h..'-(>n ~1.'<\Yllbie jf the mort' lliitll' hrvl c"nlmu...l to 1)(. inl\\Irt,<:1 until mAtuntr; Plch paynwnt to he I\pp!it...i by the nwrtgsgee U[!",'f\ it; "hlll{1\.tlOn to the Ft..-ll.'tlil Houliing C(frnmiMlOflf>r on wx()uhl of m<)jtg~g\.' insurance. 2. Thl\t, ill order moo' fully to prot('('t Ow ~(,(,iJrit)' (.! thi!l mor~!ag<:, the mortgagor, tOfJ:t.the-r with, a.nd !Ii addit!O!i h. th", rnontLly P...'1)Tllt:nt.i unti". the knl'O; of the not(' ~O('llr1."<j hl'rt"by, on the lhat dA, of each month U!ltil the !laid note in fully p.iwl '-.~in I"'\Y tll thl' nj()ztia~~ tht> fOl!iHVillg' :HHII!!: (.1) If thi!! lllortf{l\gf' knd 1\'" Mi.l f,,-,tp &~l.IrHi h,'nby are 11l!Uf\'<J Ul\rkr ttw {'ro....i&lO!\~ of tht' NntiollJll HOUSing Act l'iIld bit long ll>; th~y C('!lUnUe tlf' be M> in",ur~xl. O!it-twl'lfth (I,,) of the 1l.nntJAl mortgaJ[" inaw;,I\((' I'n'nii!lf!l fur the pllrpOH' of ptlttll111 n,l' rnortgaRt~' in fund" wit)l whi,h to 131(1, charj{:' the !'.aid f!iOf-tgaj{'~e'i\ obligntion t,} th€ FHl~ral Houaing C<)mrnil'l~i':!H('f for morti, ag(' ini!ura.flct! I'rNl;iullul pUfl'Illi\nt to th~ l\ppHc.ab!(' pro....I~Jon8 of thf! NlltkmA.! How~jng Act, fi5 M:1"'nde.1, imd He;~1 laiioniS the'f1'undH; the nll)i'tgagl't? ~hi\.ll. on the t~'rminiltl(Jl1 of it.!! ob!i,u.l.l,:.n to li.'ioY moct)(age inl!ur ,1n('~ prf'!IiIU~l~, o:-,d!t \1\ th;~ a<:co~mt of. the morlk1lll,Ol' nil p-ayrntntI<.llHi~.:e ~l.ldt'f th~ pro\'::;lon~ of tnil\ 'IniolHxtlon WliH:h we m!Jrtt{~t:'j t\M noll~ume obhlatro tv ~i.fI,)' to) UHi 1,(,,,jU&J B'JUbW!{ C-vl!iml&' nOllcr (t11 A sum f"~uAl to the ground Tl'nt... if l\nj', lit'X! litH'. pilla tl\t.' pr<'mium!l the!. ..vi!! Hi-xl bt:<ome du.' nnc1 p..."\yahle ('11 J...Aldei! of nr~ alii! othH tw,UHIJ inaUT!l.f1c\' coveting the morti(aged pr(,p..:dy. l'lul! tIlx\,g find 1L,,~{"!',gment.!\ Iw:d dlH' on t!if" mortRSi1'i'<1l'rop.~rty (all!'\,"I (~t!m~t&i by thr. r'wrtKBR~') k~ all 3um" aJr!"Aciy paid tht'l't-fflr divid"",j by th-<:> numher of ItlUnth~ t.o (<!ap.tw lwf(i,(, (Jr,;- month prior to Uw d,.te when ,hId. g-rvund n-'ntA. pn>mllU'iUI, t&);:(,-8, And -a..~5'..'$.-~m("nt& wiH b'fJC(lffi" ._h>lir;ll\lrnt. au.-:h l!ums to 1* hdd by nwrt.i{ili-{(''t' Iil trullt to l"'Y ~sJd grouTid n:nL~, pn'mium~. lAXt'!<. and !lpi.-.:ial &!ot.cM' nH'ntA, (d An paYllil.'nts liii:ntwl~wi ill tht) two prl,;~li!ilC l'iub;'i!'('ti(ln~ ..:of thil! par~g..t.i!h <\!id fill p~\y- aH'nt.!i to Ii{' made undH the not<- IH_,Uil'd heft,'!.;: allali ljo(> <\lldf"l tljgt.-tLH S\nd th(o agr.r-r"ll;.:t(' ~~m{junt thHt'O( ~hi'jl !}-{' r.aid hy thi' lnortgal{lJ?' {'1"th nl;lnlh in 1\ !\higW p.'t.)'!l'l{'nt t(l be f!pp1iKl by th~ mort. gage(' to the following it.('n'l~ in thl' (Idf!r 8et forth: L prfrnlum <'hargo\ utld.,!' the ('ontnv:t of \n~uri\n~ with ,ht F('(li'U\ Ho\u;lng C('ffi^ mwion~r; II. /llOUlId fenU. b,(t'5. a..Mi"Uri\('ntA, 11Ft', find r.tIwr- hl'L:al d i~l.~\Ir.iuJ('", prt'_miuwA: III int..;-f2lt on UH' note P,1'(;ur,-,J hereby; and IV. a.r:n.)rt: utinn of thl" 't:,diidp.al of !:.AId nol-(J, Any de(kit:ncj' in the amount of !\ucn llR>lr.:Kal,! monthl)' r.aYff'€11t t;ha!i. unh'M mMk g>"ft; by tha fn<Jrtiii.iur prior te thO! due J.li,~~ of th0 r,"xlll\lCh pal'm~l1t. cor'hllt\it" an "vent dUd, :\t1H, u. ruler thi~ m(lt\~ gsge. Th~ m(trt~"ico{o may ((.il"d a '<!iAte thi'trg~" nat to {'J(c(~i two ci"Tllfl f2{J fol' ~3ch dolilir ($1} of evh p.'i)"mfo1it fnOf~ than flf~~en (15) dll)." in affNltfl t<) C<Jw'r ~ ~'xt.r& exp('u,.,e in\'f;.hed In han-dlhli deHnt~u~n!. paym~nts. 3. ThAt!f U\\~ tobll)( the p.i\;l!if'Jiti' IlUrlje hy the rn0r1it8J;vr tinder (6) of p~,!~gf~ph 2 pr~<:~~1Inw t!,h~l t);(ti"j the ttn.OUfit of pp.Yf!1I'ntii fl(tually fnft(\e by tjj(' mortga.g.~. f.)T ground; !'nt.... UU.l'.:R And li,~e!L~nw"l.1 { i }