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Home My WebLink About0621 0.... en~l 57 r,~~E'618 , ' FOR VALUE R~Klvm, the !Jn~l'1Iiped promiae(l) to~.,fClr "~LatGAGa C(J(pAJrY ) . ' A Missouri eor~ration authoriaed to do buain... in th.'State of F10r ida "'~i~~_ ..1J'~~ ud.Mi~tiRs.~ '"~ .. or order. the priDciJ*l1lU.D1 of RIGHT THOUSAND SBVIN HUHDRBD AND NO/100 --------------~--- ~(. .,700.00 ).with interest, from date at tho! rate of P':rva AND ant QUARTD J*' ClIDtum ( 51 %) per annum on the unpaid bala~ until paid. The aid prineipal and intereet shall be pqable at the office of MIDWEST MORTGAGB cafPANY . in !ClAM I P1..CIR IDA ' ; or at Auth other plaee u the holder may designate i.n wriUna. in IDOIlthly~eJlta of ~n 1lIGHI' AIm 11/100 ------ Dollars ($ 48.11 ). Cl)U\~ncina M the ftrat day of APRIL. . 19 63 . and on the first day of each month thereaftet- until the ~rineipal and Inten:et are fully paid, exeept that the ft1uJ payment of the entire indebtedneea evidenced hereby. if not IOOner paid, aba1l be doe and payable on the first day of MARCH . 19 91 . < If default be made in the payment of MY installment under thia no~ and if aueh default is not JMde good prior to the due date of the n..xt 8ueh installment. the entire princip;J turn Md acenaed interest shall at once become due and payable without notice at the option of the holder of thiI bOte. FaiJul"t~ to exerci84! this opt!on shall not cor.atitute a waiver of th~ IUht to exereiM the same in the event of any subsequent default. In the event of default in the payment 01 thia note, and if the ume fa collected by an attorney at law. the undersigned he~bY agree(.) to pay all COlt. of coDectJo~ ~.-reuoDable attorney's tea. ' Preaentment, protMt, and notice are hereb7 waived. ,-/..v -l~ 4" r.D~ ~. nil. ... JAMBS A'. ~BBL, JR. I sl SH IRLB'! I. CRKBL -....-~SHIRUtY I. CRBiiL------------- ...-.-.....----............-----------..----..-..---- And shall duly. promptly. and funy perform. diaebata'e, execute. effect, complete, and comply with and abide by euch and every the stipulatiol18, qreemenu, conditiol18. and covenanta of laid promiaaory note and of thi~ mortgage. then this mortPJ'e and the estate hereby created shall ceaae and be null and void. And the mortgagor further covenants u foUowa: 1. That he will pay the indebted.neaa, as herein~fore provIded. Privilege ia receoved to pay the debt in whole. or in an amount equal to cns or more monthly paynMlnts on the principal that are next due on the note, on the first day of any month prior to maturity: Provided. hvwevcr. that written notica of an intention to exercise such privilege ia given 'at least thirty (80) days prior to prepayment; and, provided further, that in the event the debt is plaid in full prior tQ maturity and at that time it is insured under the provisions of the N2tional Housing Act, be vrm pay to the mortppe an adjuated premium charge of one ~r centum (1 %) of the original principal amount thereof. except that in no €vent shall the adjuated premilJm exceed the aggregate amount -.f premium eharJM which would have been payable if the mort- gage had continued to be insured until maturity; 8uch payment to be applied by the mortgagee upon ita obligation to the Federal Housing Commiaaioner on accclJnt of mortpp iDauranee. 2. That, in order more fully to protect the security of this mortgqe. the mortgagor, together with. and in addition to. the monthly paymenta under the tenns of the note HCUred hereby. on the first day of each month until the said note is fully paid, will pay to the mortgagee the following sums: (a) An amount sufficient to provide the holder hereof with fun<b to pay the next mort.gage insurance premium if this itultrument and the note secured hereby are inaured, or a monthly charge (in lieu of a mortgage itulurance premium) if they are held by the Io'ederal Housing Commisaioner. as follows: (I) If and 10 long aa aald note of even date and this inltrument are inaured or are relnlured under the provillionl of the National Rotaln&, Act, an amount luftident to aeeumulate In the handa of the hohier one (1) IOO'i1th prior to \1:5 due date \he MUlual B'1Of'tka&'e inllUra..'\CJe premiuln,in order to provide lueh ilolder with funda tn p&y,uch ~remium to the Fedva1 ReMainC Commjuloner pursuant to the National HO>lling Act, &8 amended, an<! applicable ~laUGft8 tMreundel" i Oi' (I!) If and 10 Ion<< a. Hid hote of "fill dAti and tnT. inltrumeJlt are held by the Federal Houlring Cummill- sioner, a monthl1 ehar1re (in lieu oi a mortpa'. ~ premium) which shall be in an amount equ&l to I)ne.twelfth (JAw) of one-balf (~) per centum of the average out.ltanding balance due on the note computed without taJdq Into aeeovnt (kU~ of prepayment.: (b) A sum equel to the rromid rent&. If aby. next du~ pla the premluml that will next become dl.le and payable on policies of fire &nd other hazard insurance covering the mortgaged property, plus taxes and assessments next due on the mortgaged property (all as estimated by the mortgadee) less all sums already paid therefor divided by the number of months to elapse before one month prior to the date when such ground. renta. premiums, taxes, and U8C68ments will become delinquent, such sums to be held by mortgafM in trust to pay said ground rents, prenUwna, tax". and special '-8Se88- menta; and " ' . (c) All payments mentioned in the two preeedinglubeectiolll of this paragraph and all pay- ments to be 'l1ade under the note 1'.!'CU?ed hereby shall be added topther and the agyrepte &mount thereof shall be paid by the mortra<<or ueh month In a ainale p&ym.ent to be applied by the morl- gagee to the following items in the order eet forth: (I) premium chargea unde,... eonkeo$ ef" ..~""~~.&wdn<<.comm:uionei", or monthly charge (in lieu ot mortpce Inauranee premium). &5 the CIUlO may be; (Hi ground rent&, t&xea, .-.menta, Are, and otM~ haurd lrwul"anee premilUlk'lj {m Interest vn the n.tIte 1Ml(!\lr1ld hereby, and . " , (IV amorilz&~ of tM Vrlndpal of Hlci DQk. , . . .' . Any def\cienc~r in the- amount of .uch' anr.te monthly p&)"llumt ahAY. 11n1eu mAde goc-d. by the mvrtgagor prior to the due date of the next ~ueh pa~ent. const.itute an event 01 d~fault under thlS mort- gage. The mortgagee may coll@ct a ..late ci:W'P' not to ex~ two ealta (2f) tor each do~tar ('1). of each payment more than fifteen (15) days In arrean to (~er the extra expenae involved m handlmg delinquent payments. ~ . . ' "., . 3. That if the total of the p"ymena mw by the ~oJ'tgaJor und~r (b) of paralt'aph 2 preeeding shaH e)l:c~ the /mlount of payments actually made by th4mort,.gee. fOt' KTQund rents, Uixes and auesl'ments ~.. .. !, ,.....) \ :. \ ~"'-"!:"". ~ '..;, i. \ 1 ~ . ~- .~- e~ -: ' ) o O~' -. '. ";"" 1"-' ~ ,. ~-~ "" '.~~-:-''- ......,~... .<:J!-" ~ ....._,..~#,...,.. ~ <';'_' ._.11 . - -_",,-- f - .,.';;...,,- c,_"'_.:...... ',' .-..~... ...-..~-, ..-.....,...,....- .eo, ...,. .,..,.-" ~-~'''''' .~- .--~ f"'."~ .# """""",----=' ".,.-'"--<>r....................-. ---~_..- .-':""~'.,. \ i ~ l WIlT t' t of - &.~~.