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Home My WebLink About1793 ' ~ . - . . _ - - , - : - - _ _ _ . . . . . . . ~ . . ~ ' ~ . • . • Fo~t Vnt.vs ~e~. the undersi~aed promise(s) t~ ~Y to . ~ATICO FINANCIAL CORPORATION _ . - - ~ . . „ . _ . ~ _ _ _ ~ - - . - . . . a corpor~tioa orr~anised and exiatinS under the lawa oi Daia~tare ^ ' . or order, the principsl sum oi geventeen tho~sand ~ tWO hundred and Nof100 =s~~s=====_____~_~__ Doll~re 17 200.OQ , intereet from dste at the rAte oi give - one-qu4rter Per ( 5} `X') P~r annum on the unpaid balanoe until paid. The aaid principsl and intcreat shall be paysble at the oftloe of : ' ATICO FINANCIAL QORPORATIO~N in Mianii 1, Florida . or at auch other plaoe aa the : holder may deaigAate in writing, in monttily inatalLnenta o! Ninety-Pive and 12/~100 : Dollars 95.12 oommencing on the ltrat day o~ ppril ,19 64. nnd . on the flrat d~y of each raonth thereafter until the principal and intereat are fully paid, exoept that the final payment of the entire indebtednas evidenced hereby, if not aooner p~id. ahall be due and payable on the ~ ti~~t day of March .19 94. ~ li deiaulL b~ m~de in ine {xy?meaE vf ~ iueuwuicu~ iiuuca' ~1130 itVY~~ O~a~ ii OYbN Yv~a~i~i~Y 5~~/ MVY w~M~°v ' rood prior to the due date of the next such inatailment, the entire principal aum and aocrued interest shaU st once become due and payable without notice at the option oi the holder of thia note. Failure to exercise this option shall not conatitute a waiver of the ri~ht to exerciae the saine in the event of any subaequent defaulk In the event of default in the p~,Yment of thia note. and if the a~une ia collected by an attorney ~ at tsw. the undersigned hereby agrce is) to pay all ooata of collection, includin& s reascnable attorney's fee. ~ Preseatment, protest, snd notice are hereby wsived. CState Documentary Stamps e~ Ja~ Tnoe~sya~l rs~eL~ aftixed to origfnal note Jan Inge Rosvall . ~ ~ and cancelled.) ~ ~ s~ Kerstin Hillevi ~tos~rall (SEAL) ; Kers~ t~n g~llevi RosWall ' ' And atwIl du11?. Aro~np~, snd !'nl~y Pertorm. dtacharge. execate. effect. eomplets, and uomply with and , abide by each aad every the stipulations. agreenient0. conditions. and eovenanta of aaid promissor~ note tmd of thia mortgage, thea t6is mortgag~e and the eatate hereby created shall ceaae and be null and void. ~ And the mortgag~ur further oovenants ~s followa : ~ 1. That he will pay the indebtednesa. as hereinbcfore provided. Privilege ia reserved to PaY the debt in whole, or in an amount equal to one or more month~y p~yments on the principal that are next due on the note, on the ftrst day oi aqy month prior to maturity : Provided, however, that written notice of an intention to exerciae auch privilege is given at least thirty (30) d~ys prior to pre ent; and, provided fnrther, that in the event the debt ia paid in full prior to, maturity and at that me it ia insured under the proviaions of the National Iiouaing Act, he will p~y to the mortgag+es an adluated Premium charge of ~ one per centum (196) of the original principal amouat thereof. except that in no event shall the adjusted premium euceed the te amount of premium charges which wonld have been p~ayable if the mort- gag~e had continued to inaured until taaturitr; such payment to be applied by the mortgagee upon its ~ obligation to the Federal Housing Commisaioner on aocount of mortgage inaurance. ~ • 2. That, in order more fully to protect the aecadty oi this mortgage, the mortgagor. together with, snd in addi~on to, the menttil,y p$ymenta_ under the terzns of the note secured hereby. on the flrat day of each month nnt~ the said note is fully paud, wiU pay to the mortgagee the following sums: ' (a) An amount sufficient to provide the holder hereo! with fanda to pay the next mortgsge inaurance premium if thia instrument and the note secured hereby are insured, or a monthly charge ' (in lieu oi a mortgag~e inaurance premium) if they are held by the Federal Housing Commissioner, aa follows : ~ (t) Ii and solons a~ said note oi evea date ~nd this instrnn~ent sre inwred or are ninsnred nnder thc ~ provisiont oi the Nationsl Hondng Aet, an amount suIDeient to ae~cumulate in the hands oi the lalder ~ - one (1) month prior to ib due date the aanual caortgage inau~a~eoe premiam, in order to provide sach ` lalder with innds to pay s_ush premium to the Federal Honsing Commissioner pursuant to tbe Nat~onal ~ Hoosing Aet, as am~ded, and spplie~sble Re~nlstions thereander; or - (u) If and so lon~ u ssid note of even date and ttw instso~odent sre heW b~ tlk Federal Honsing Com~nir ~ ~ doner. ~ nan~r ehsr~e (in lien of s awrtga~e insusanos premiua) wh~ch ahall be in an amonnt equal to ane-twelit~ (~is) of one-hali (~4 ) per centnm oi tbe arerage ontstanding bslance dne on the • note oompated without takins into aoeount dtlinqueheies or P~WY~~: . ~ • (b) A aum equal tfl the gronnd rents, if any, next due, plus the preraiuma that will neat bec~ome ! ~ dne and payable on policiea oi flre and other hazard inaurance covering the mortgaged property, pl~a ~ , ta~ces and aaaesamenta next due on the mortgaged property (all as estimated by the mortgagee) lesa all sums already paid~ ttierefor divided by the number. of montha to elap~e before one month prior t to the date when such ground rents. premiwna, taues. and asaessmenta will beeome delinquent, such _ ; aums tfl be held by mortgagee in trust to pay asid ground reats, preminma, taxes, and special assesa- menta; sad (e) AD payments mentioned in the two preceding snbsections of thie paragraph and all pa,y- ~ ~ menta to be made under the note aecured hereby ahaU be atdded: together and the aggregate amount + thereof ahall be p~ud by the mort~a~or each moath in s sia~le pa,ymeat to be apph'ed by the mort- + , g~gee to the toUowing items in the order set torth: ~ (t) Preminm ehar~es nnder tbe eontnet ot insannes with the Federsl Hondn~ Commiasioner, or monthly - : ebsr~a (in lien oi mort~a~e insnranee Preminw). as the ease auy be; s ~ ' (u ~ronnd reata. taxes. a~ee~nenta, llre. and other bwrd insnranoe prea~iaau; ~ (m ~nterest o~ the i?ote seeured l~ere~?: and ~ (m amortisstion oi the principai of isid note. ~ Any defkiency in the amount of sach aggreBate monthly ~ayment ahall, nnless made g~ood by the ~ mo r prior to the due date oi the next such pa}nnent, aonst~tute an event of default under thia mor~ ~ aage.~e mortgagee may a,ltect a"late charSe' not to exc~eed two centa (2~) for each dollar (;l) oi ; ~ each p~tyment more than tliteen (15) days in arreara tfl cover the extra expense involved in handling ~ # delinqneat psyments. : 3. Thst if the totsl oi the payments made by the mortgagor nnder (b) of paragraph 2 preceding shall 4 ~ e~ioeed the amount of Dsyments actually made by the mortgagee, for ground rents. taxea and aaaesamenta ~ 1 . . . . ~ ~ ~a~~ 8~ 4~3 = 1 ~ _