HomeMy WebLinkAbout1954 ~ . ~ w . ~ • ~ , y/.. ~ .~sR ~r~ . ..r ~ , . • • - - - - - ,
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P~DR VA1r11= Y~ ~M Ilil~l'~j~~lOd p~Om~N(~~ ~0 ~r t4 '
A~~ M~A~Z~ Q~~~ ~ .
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• , . . ~ ~ OOrpO~at~011 Ol'~~ tli~ ttildOr
tl?s kws oi Dala~rars ar ordar. the principal an? ot 1~inets~n lbowand '
thras hnadrad and ~Io~`100 ---••-------•---••~o11~ra ~19,300.00 ).with - -
taterast t~ror~t d~tte at the rate 1~ivs ~ ons-qnartar pee oaatum ~ S} 9b) rer ~
' annum on the nnpa~id br?lat~oe until paid Ths s~id priacipal and interest ahsll be payable st ths o~oe oi
~ ~I~ ~~~l~lorida~~~ . or at such other p4roe as the
holder m~y deai~nsts In wrjtin~ in monthly instaUments oippa and 73~100
Do11ar~ (i 106.79 oomnaeucin~ on the lirat dqr ot April . i964 . oud .
on the tirst day of euh aantb thereafter until the princIp~! iwd interest are tully p~id. except that the itinsl
pqym~t oi the eatire indebtednees evidenoed hereby. It ~rot soo~er paid~ shali be dae and p~ysb3e on fi~ia .
' ftrat d~ of ~Iarch . 29 94. '
Ii default be m~?de in the pa,yment oi any Installment under this note and ii auch default ia not mads -
rood prtor to the dae d~te of the next auch i~atalhnenk the entire prlnclpsf aum snd aocrued inter~t shaD
at onos beoome due ~ued p~yable without notioe at the optton oi the holder oi tbts nota FaUure to exercise
this op s1u~U Aot oonstitute a waiver of the t to e~cercise the s~uae in the event oi any subsequent ~
~ defaWk~In the event ot det~utt tn the p~yment~thia not~ a~d it the sune is oollected by sn attorney
st Lw, t6e unde~i~ned hereby a~e(s) to p~y ~11 oosts of ooUection, includin~ a re~s~b~ attorney's fea ~
~ Preaentraenk P~t+oteak and notioe ~+e hereby waived.
(3tata Docu~entary Sta~pa .sI Tasp~ n_ T~.ti~ -'t&E~?-~ '
~ atli~ced to origieal note atLd Jao~e~ D. Luke . .
cettcelled. ) - ~
~ ~/_M~uraen 3. Lnks (BSAL)
~ • - ~ Maureen 3. I.ulte •
And ahall du1Y. ~mp~. ana iM+lb l~. ~ewte~ eQeck ~P~~; and eompl,~? with sod
~ ~W3e by mch snde
vpee~ ths-stipn~?tions. a~ree~b. oondition% and cove~wab c~ asid note
and ad th~ nwrt,~an; thea thL mort,ptYe aud t6e esh?te hereby created shall c~e and be nnll vo~fd. .
~ Md the mott~or inrther covensn4 as idbws: .
. . 1. ~at he wiD pyr the indebtednas. ss hereinbefore provi~kd. Prlvilese is r~sarved to p~,~ the
de~ in who~e. or in au amonnt eqwl to one or more monthl,y p~,yments a? the Princ~Pa~1 tbat a?re nest dne ~
on the not~ on tbe ~irat c1~q ot any month prior to msturi : Provl Wst Mrritteu notios oi sn . •
h? ded. however, .
inteation to exerci~e auch pr~vilege is ~iven at least thirtY ~ri P~ ~ e~ t: and, Pr'o~ed ~
inrther. tbat in the event the debt is paid in full prlor tq maturity and at thap~dao~e~tteDia insured nnder .
' the proviaiom of the National Housta~ Ack he w~ll pwy to t6e mortsu,~ee an ad3uated Premium ~harle at
o~ ~~a~, or t~,~ o~;g;wa ~i~ ~~t tb~oi, e~uept tlut in no event ahaU the a~uated .
premium esceed the te amount o! premiuat charges whiclt arould hsve been psyable ii the mart-
[~g~ had oontiaued to insw~ed unt7 msturitY: such p~yment to be spplied by !he martgag~ee upan its
obGgstion to the Federal Housing Commiasioner oa sa~uunt o! mortgase insuranoe. . "
2 Thx~ in ord~ mor~e fuUy to pt+ntect the aec:urity oi thia mortgage. the mortga,~or. tog~ether wit~h,
aad in sddltlon to. !he- menthlypaym
enta under the ~erms oi the note secured hereby, on the flrat day oi ~
e~ch month nntil the aaid note ia iully paid, will pay to the mortgagee the lolbwing suma:
(a) An smount suf~cient to pmvide the holder hereof with funds to psy the next nnortgag~e
. insurance premium if this instruraent and 'the note sea~red hereby sn insured, or a mont~hly char~e
(in lieu of a martgag~e insursnce prr,mitun) ii they are held by the Federal Housing Commissioner, '
as tollowa : -
• Ii and ~o lon~ n said not~ ot a~r~ date wd tbis instrnment aer insnred or srs reiasnred wdsr tbs
. prorWou~ oi the Natioasl Hondn~ Ad. an ~asoant snl~dent to aeewiantate in tbe hatrds oi tLs laWtr
. one (1) moatb psbr to ita dne date tl~e anmul nwrts~ iawtraoos prsmiwn,~~
t t~o tbe N~tio~~i~l
, . $
der with innd~ to par sneL premium to ths Federal Hondr~ Coasmia~ioaer .
Aef, ~s ~ma~ded, aad spptkabis tbet~eaader; or
.(tt) Ii aad
so~ u uid not~ oi a~rea dats and~l~~ind=n~amt ars 6eld tbs Fedan1$oodar Coimmia
~ douer. a mon (ia lien oi a aart6a~s insnranes premina~~ wh'ieh sbaU bs ia an amouat .
. a4ua1 to ans-t~ltL t'l~) ot one-lialt ('Xi ) per omtmq oi tlrs a~reraae oatstsndlnt balanes dns on tM -
' . note ~orpPated witl~out takins i~to aeeoliut dleliAqnendes or Ps'eP~~vi
= - (b) A s~mn equal tfl t6e ground renta, ii any. next due, plus Ute premiunu thst will next beoo~ne -
~ _ aad p~yable on policies oi tire ~nd other hwrd insuranoe co,vedn the mort
. ~Xl~ iAd iMlaBIpP.J1~ DP~ di16 OD ~t8 WOlt p 8 ~S'ea P~p~Y. pius . :
gas~ ~rerti? (sU as ~timated by the nartgagee) less
: ~tU ~ slraedy p~id theretor divided by the nwnberroi months to etapee before one month prlor
tA the dste when such gr+ound rents. Premiwas. taxes. and asseaaments will becoane delinqaeok such -
. • smns to be bdd by mort~ee in tcuat to pay aaid ~r~ound reata pr~rniums. taxea. and speciai aaseaa-
' . ~ menta; atd ~
. (e) AB psymenb mentioned in the two preceding anbsections oi tbis psra~raph and a11 psy.
~ , ments to bs made under the note secured hereby ah~ll be ~dded toret6er aad the te aurount
thereoi siwll be p~{d by the nnort~a~or each month in a ainsk p~yment to be ap~~ the mort-
~ sa,~es to ths•idbwins it~ns in the o=der set forth: - -
. ; U) r~~ ~•*s~•• ~wa.~ ce. eo.tnec o! lamc.aa..~iw t~. reda~al Hoo~ia~ c~oa~iarionsr. or moatl~?
s'ebar~ (iw lien ~ ~oort~ap ia~uesiwt premiwo). u tM ws a~~ b;
. (R round reab. taie~. aoa~weats, ~+e. sad otbsr l~as~rd inntssae~ pramiom~;
y • ~l tl~it Ow W!! IWt~ ~ltYlld ~ll~'lb~i illd
' . ~n amostls~tia~ a[ !M ptiadpal o~ pid not~.
Atq? betlden~y in the amount of such ~ate monthlyp~yrn~
t ahatl. auten made rood b~ th~ .
p~rtor to tbe dne date of the next such ps~ranent, eonstitute an eveat ot detantt nnder this ~ -
~ m o
r
t
~
a~
e e msy ou
l l
e c
t s" l ste c
h a r~
e not to e~cceed t~ro ce~ts (8!) tor e~ch do1Lr (;1 0~
. ~~pa~ren~~~thsn tiiteen (16) daya in arreara to eo~ver the e~ctrs expeiue involved in Land~int . .
, Thst if the total oi the paymenta msde by the mortsssor wider (b) oi paturaph 8 preoedin~ sbat~
~ a~ca+ed the anwunt of v~yments actuslly msde by the mortQ~ee. for ~nd rents. taxe~ snd ~swan~eab -
. 82 3
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