HomeMy WebLinkAbout1094 ~
I~ VALUi R~Ci1YRDr ~ Wtd01"s~lled ~OmisO(ij t0 p~1? ti0 ~
.A?ZCO 1~IN~GuL Cb~~'O~A?IOU j
' a corpbr~tio~ or~aaized and existin~ under ~t
!he laws oi Dsla~?art . or order. the ptincip~l swn oi ~ at1 thousand • ix (
hnods~ed litty attid ~10/"100 Dbtl+~rs(=11,650.~~ ),w~th +
feterest iroan date at the rate oi Fiva - oDa-qua~`tas' per centwn ( S~ y~6 ) per `
f ~nnwn on the unpAid balat?oe uat31 paid. ~e eaid prtncipal and ia~erest ahall be p~ysble i?t the o~ke of ~
~ ~ ATICO FINANCIAL CO~PORATIQI~I ~
' ~ hotder Ki~i 1, Florida , or at 8uch other pl~c! as the
~ nuy deaignate id writtn~. ia ato~thly I~sbllments o! 3 ixty. four attd 42/100
U
o
l l r
s ( i 6 4. 4Z oommeac3ng on the firat d~y o
t March .18 a 4, and
on the fltst dsy oi e~ch month theresft~er unW the princip~l aad iater~t are fuUy ps~d, e~ccept that the Rn~l
p~viaent of the entire indebtednees evillenoed hereby. if Aot aooner p~id, slu~ll be dne and p~e on the
flrst d~y of February .19 ~94.
Ii default be m~?de in the p~yment of any insWlmeat under thi~ note :und i! such default ia not made
: ~ood prior to t6e due date oi the uext auch inataUment, the entin prlncip~ sum and aocrued Interest shall ~
at onoe beoume due and payable without notice at theoptwn of the hOlder oi thia note. Failar~e to lxerciee
thia op
tton ahaU not o~nstitute a wuiver of the t to exercise th ~ same in the event of any a~bbequent
defaulk In the event af default in the p~ymen_t~this note. sad ~ the a~me ia collected by an attorney
at Lv?~the~undersigned herebY ~rce(s) to ps,~? al[ oosts of oollection, includin~,s reasoaable attsrn~y's fee.
Preaentmenk pmt~esk and twtioe kre hereby w~tived.
'
CStata Documentary Stamps ~,4.H,~~~ _ A~,~ t~ [g~?ti~
~ aftixed to original nvte and ~~t
. cancelled. )
~~_Llsra Brgnd~± .~$L-~T-~ •
Clara G. Brandt
And shatl du11. p~+osn~~y. and ltiilb P~o~ ~Se. ~e~~. ~e~. ~P~~. ~nd co~np~y with snd ~
•b~1e by ~ch and every the stipulations. a~ree~ntnts. cunditions. and 4ovenauta oi add p note • i
aad o! tbis mort~ then this mortg~e snd the eatate hercby cY+euted ahall cease and be null void.
And the anartt~tg~or inrthe~ coveaauta as ialbwa:
. 1. Thst he wiD paty the indebtednesa, as hereinbefore provided. Prlvikge is reserved to pay the
debt in whole, or in an ataount equsl to one or trwre monthly pa~ynneata on the principal the~t u~e next due i~
on the note. an tt?e flrat day of any month prior to m~turity : Provided, hovvever, that written notice of m~
intention to exercise sttch privilege is givea ~tt teast t6irtY (80j daya Wior to prel t: aaa. Provided
torther, that in the eveat the debt is paid in fnll prlur tq maturlty and at th~t et~~'rt
ia insured nnder `
t6e proviaions o~ the Nstional H ':i
ouaing Act, he vvill p~y to the mort~ag~ee an adjuat~ed premium cl~rg~e of :,s:
one p~r ceabun (196) oi the original principa! amount thereof, enoept that in no event ahall t6e ad,juated
prebaium exceed the aggregate amount of premiucachaeges which would hsve be~en payable ii the morb-
• ~agre had oontinued to be insured until mAturitr; such payment to be applied by the mortgagee apon its ~ j'r
obUgatioa to the Federal Housing Commissioner on svoount of mortgage inauranoe.
2 Ths~ in order more iuUy to protect the secnrity of thia mortgage, the mortgagor. together wit6, ,t ~
and in addition to, the menthly payments under the tenas ~of the note secured hereby. on the flrst day ot E":
, eirch manth unt~~the said note is fully paid, w~l p~yto the mortgagee the iollowiug suma: ~
(a) An amovnt sufficient to provide t~+e holder hereof with fnnds to pay tl~e next mortga~e
insurance premium if thia instrument and the n~ote secured hereby sre ipaured, or s montbiy charg~e ~
followa : a~rt~ ~~~ce prem~um) if they are held by the Federal Housing Commieaioner.
. . i
~ (t) It and a~ bng aa a?id uote o! a~ date aad this indranent are iaaared or sre reinsured nnder tbe =
prov3sions of the National Hooaii?g Aek an amw~at suflkient to ~ocumnlate ia tLe hRnds of tbe holder
one (1) -month prior to its dne date ti~e sanusl mortaaae inwnhoe preminm, in order toproride web ~
holder wit1~ tnnds to pay sveh pr~inm to the Fodarai Houde~ Commissiw~er pnnuaat to tl~e Nstional
' H n~ Aet, as amaided, and applie~bis Re~ulations thennader; or ~
(n) Ii and~w bn6 aa stid n~e o! eva~ dste and t~us instrnment u+e held by the Federal Hotuing Cammis-
doner, s aaathl~ (in lien oi s narlgage in~nranes preminm) wlueh ah~ll be in an amonnt
n~~pnted~i?iitb
ut takina
i~ato~aooou
t~inq
e~nei~ or~p~raps3~?ments~ baLnee dus on We
I ~
(b) A anm equal to the ground renta, if sny, next due, plns the preminms that w?iil next beoome
dne and payable on poticies of flre and other hazard inaurance eovering the mortgaged property~ plua . ;
taxea snd asaessmenta next due on t6e mortSa8e~1 pmPertY (sIl as estimated by t6e mortsagee) teas ;
att sums already psid tt?erefor divided by the nUmber. of montha ~to elapee before one month prior .
to the date when such groond renta, psemi~ms, taxes, and sasessments will beoome delinquenk auch
aums to be heid by mortgagee in trnat to pay said ground rents. Premiuma, taxea, snd apeciai ~tssess-
menta; and
(a) All payments meutioned in the two preceding subseetions of this psragraph and all psy-
ments to be made under t6e note aecnred hereby ahall be added together snd the te amount
ther+eaf ahall be paid by the mort~s~or each month in s~~nt to be sP~ i~y the mort~
~ ~~N to tb~ tollowin~ ~t~mr ia tA~ o~rd~t Nt tosth:
~ ' . (t) Pr~ninm ehasges widar t!?e oo~traet of insnranos wit6 !be Federal8oas[ns Coomaisdo~ar, or mont6y
(u ~iroand reob, t~es. a~ta,llre. and other~~hiu~rd insar~a~~ee
pr
m~iwas;
emt
(m lerest o~ tbs ~aots ~eeused bereby; aed
(n aaasti~atiou of ths psipeipa? oi a~id note. -
~ AW? deffciency in the amount oi anch aggregste monthly psyme~t ahall, nnless made ~ood by t6e
nK?~~prior to the due dste oi the next such ps~maenk eonat~tute an event oi defiult ander this mort- ~
~a~e. mortta~ee may eotlect a"iste charge not to ezeeed two cents t?~) for each dollar (il )
e~ch p~,jrment tnore ttun 8iteen (!b) daya ia art~eus to ooroer the extra r~cpense involved in hsndlin~ . i
delinQue~nt pa,yym~ata.
8. 7Lst if the total o! the p~yine~nb made by the mortgagor under (b) of p~r~raph 2 preoedins shs~U
_~oeed the amoant ot psyment~ actwlly made by the mortgaQee, for gt+onnd rents. tauc~ aad ssses~ments
; _
` Uf~7~
1 ~ 394.
~
~ . .
i _
~