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Home My WebLink About1007 . . _ . : a• . . . - . ~ . . . ~ ~ ~ _ O.R.` ~ fu•E~U~ • i~l , . RA:!K ' ~ rbe V~i.ua R~c~[v~, the aa~dersigued P~~(s) ~ P~1T ~ A~ICO FINANCIAt. CORPORATION . s oorporstion o~r~snised and ez~sti~ nnder . ~ 1i~ ~ Delavare , or order. the prlncipal aum oi Seventean thouaand t~ro hundred and No/100 Dollara 17,200.00 ),with ~ intmr~t iraaa date at the rate of Five ~ one -quarter per oentum ( 5-1/4 96) per ' snnum on the unpaid balanoe until paid. The asid prtncipal and interat shaU be p~yable st t~e offioe oi ATICO FINANCIAL CORPORATI~ • In Miami, F'lorid s , or st snch cther plaoe as the ~ holder m~y deaignate in writing. ~n monthly inatallmenta oi~ijinety-f fve and 12/100 ~ DO~ «~S .12 oommencing on the 8rat d~y of l~arch 1964 ,~nd . on the ftrat ay of each month there~fter nntil the principal and intereat are fnl~y pa~d, a~ooept that tlre Sns1 payment of the entire indebtedness evideaced hereby, if not aooner paid. ahall be doe and p~yable on ttre f[rst day of February ,1994 . , Ii default be made in the payment of any installment nnder thia no~,e~ ~nd if st~ deiault is not made ; ~ood prior to the due date of the next auch inst~allment,- the entire principal aum and ~ecru~d int~erest sbaII i at once beoame due and payable without notice at the option of the holder of this note. Fa~nre to esa~cise this option ahall not ~natitute a wsiver of the t to exercise the aame in the evtnt of any anbsequent defaulk Ia thc svent of default in Lhe p~yment~thia note, and if the aame is oollected by an sttornqy ~ ~ st law, the underaigned hereby agree(a) to pay all eoata of oollection, includings raa~amabis sttorrnqy's fee. ~ • ' Pre~aent~nent, Protesk snd not~oe are hereby vaived. (State DOCV~IIta!`St $t81Rp8 g~hnr p~ _T~,~elenn ~g]~~a affixed to original note and - Charles Jwdeon Deakiaa Sr. cancelled.) s Gladya T. Deakine ~ (SFAL) - a ys T. De s , , - ~ ' And shaD dnlY. pr~p~ . and fn11Y P~~, ~~r8'e. execnte, e~eck ootupkte. aad oampl~r with ~ ab~le by each and~ce~ the atipnlmtiona, agreements, conditiona. snd ooveaants af s:id p~omissory note ~ ' and of thia mortgag~, then this mortgage and the estate hereby created ahall oeaae and be nnII and v~oid. And the mortgag~ur fnrther coveaaats sa followa : ~ L That he w~~ p~y the ~ndebtedneaa, aa hereinbefore provided. Ptitn'leg~e is reaerv~ed to p~y t6e . d~bt in whok, or in an amotmt equal to one or more mont~ily paymenta on the principal tbst are ne~ct dae ~ on the note, on the lirst ds4Y of aqy month prior to maturity : Provided, however, tbat written notice of an inteation to exerciae auch grivilege is given at leaat thirty t34) d~ra Prior to prep~ymm t; and. Provided farther, that in the event the debt is paid in'full prior ta! matnrity aad at tLat time it is inanred uader . the proviaiona of the National Housing Act, he w~l pay to the mortga,g~ee an adjnsted premimn chaig,e fld one per oentum (lgb) of the original principal amount thereo~xcept that in no eveat shaD the ad,jnated pan~mium e~cceed thea~gregate amount of premium charg~ea which wontd have beea payable if the mort- ogbli ti~on t~ then ~uiaur~ed C ommisat oner~on avoo~of m~o be~ed by the mortgagee upon its Ss ~ ~8 itgaSe ~nsnrano~ 2 That, in.order more ful~y to prutect the security of thia mortgag~e, the mortga~gnr, tog~ether aith, • and in addition to, the menthlypaym eats under the terms of the note sewred hereby, on the first day ot each month until the aaid note ia full3? Paid. wi11 p~? to the mortgagee the folbwing aums: (a) An amonnt an~cient to provide the holder hereo~ ~vith fimda to p~y the n~zt mortgag~e inaurance premium if this instrument and the note aecured hereby are inanred. or s mon~y charg~e li~t* Ai ~~sr+~~ iasuranr.~ gr~:~m) if they arr~ h~2d hy t~ Federal Honaiag Co~miasioner, aa follows: • - (i) If snd so long as said note oi evea date aad this instrameat are insared or srs rdnsamed nnder tbe pro~iaions oi the N~tional Honsing Aet, aa amoant sn8kient to socnmdate in tLe 6ands o? tbe bolde~ o~e (1) month prior to its dne date the aannal mortgage ins~anoe prenodum. in o:der to pra~ide weh ~ bolder with fnnda to psy spch Premiam to the Federal Hoosias Com~issiaier pnnuaat to tbe National Houaing Aet, as ama~ded, and appIicable Res~uLtians thereander; ar ~ (n) Ii and w bng as asid note oi evea date and th~s in,stioment are bdd tbe Faleral Hom3na Commis- . sioner, s mont~y ~har~e (in lien oi s mortgage insaranos pre~io~~ wbieb s~il be in an amonnt n t~s ~ nted wiitho t~) oi one~}uli ('K ) Per-oentnm oi tLe s~rerage auts4ndInE baLnoe dns on the P takinB into acooant ddinqc~endes or prepaymmb: (b) 4 snm equal to the ground renta, if any, next da~ plns the premimns that wiU ne~t beco~ne dne and payable on policiea of tire and other hazard insnranoe oovering t6e mortgn?g~ed property, plua taxea and sasesamenta nezt due on the mortgaged roperty (a11 as eatimated by t6e mort,gag~ej Ie~ : all a~m~s slready paid therefor divided by the n~_ of montha to elapae before oae month prior to the dste when auch ground rents, premiums, tazes, and asaesaraenta ~1 beoome delinqnea~ anch - - aua~a to be held by mortga,gee in trust to pay said ground rents, pr~iimna, tasea. and aPecial aasesa- ments; and ~ (e) AII pa~m~ents mentioned in the two preceding snb~ections o! this ParagraPh and aD p~y- - ments to be made nnder the note secured hereby shall be added together aad the aggregate imo~mt th~reoi shall be paid by the mortgag~or each month in s aingle p~yment to be sppL'ed by the mort. gagee to the iolbvring items in the order set forth: ~ • (I) Premiam ebartes nnder tbe oaatraet ot insursaas with tbe Federal Hoodua Coaimnioiooer, ae momtbt~ ~ ' ebat~s (in liea of aa:tgage insaraa~e preniom), as the eaae may be; (u ~d rent~,, tases, a~a~ts, St+e, and other hasard insuranoe premiaan; (m mterest on t~e note seenred hersby: and (n~ amostisstion oi the prineipal of said note. - • An~ detkieacy in the amonnt of auch aggregate montlily paqment ahall, unless made good by the n~~rkga~Or Prior to the dne date of the next such pa~?men~ eonstitute an event of defanlt nader thia morb- ~ • ~ge. The mortgagee may collect a"late charg~e' not to exoeed two oeuts for esch dollar (~1) o~ each pa~yment more than fift~een (15) days in arrears to cover tt?e extrs ezpense involved in handling delinqaent p~yments. r ~.8. Thst ii the t~tal of the paymenta made by' the mortgagor nnder (b) oi paragrap~ 2 preoediag shaII ~ e~[eeed the amount of ~ayments actually made b the mo ' ~ Y rt8~8^~. for qround rents. t~uces and as~aents . ~ . F. ' • i • ~n ~ V r • E ~ t~ ~ ~ y 71~~ ~ ~ b' • . . f! • . f : ~ ? . ~ .