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Home My WebLink About2151 . . . . . ~ . . - ~ - • . . r ~ . ~ . I+bR V~f.us A~sn?a0. the uadersi~aed promise(s) to WU? to ~ , ~ . ~ , ~~MBS T. BARNBS ~c OOMPANY, a~lichfgau corposatioa ~ authosized !o do busiaeaa under~ • • • the lawa oi the State of PlOtiqa ~ o~' order. t~?e Princir~l aum oi T~ ~HOUSAND BIGHT Ht~1DRBD PI P'lY and NO,/100 - • - - - • boll~rs 10 ~ 850.00 ~ ~ interest irom date at the nte oi Pire sad O=te•f ourth . per centum ( S~} 96) per ~nnum on the unpaid balu?oe until p~Id. The a~id principnl and intereat shall be ptU?sble at the o~oe oi ' ' ' JAMBS T. H~ARNSS at ~tPANY ~ ; ~n Port Lauderdsle ~ Plorids , or at aach other pLce As the ~ ; holder m~y designste in writing. in monthly inatslla?enta of 3IY1'Y and NO~100 ~ I. Dollara (i 60.00 oo~nnsenciA~ on the flrat d~y of w,psil .19 64 •~d ~ on the tirst day of exch month thereafter until the principat and inter~t u+e fully paid, exoept that the llnal psyment of the entire indebtedneas evidenoed hereby, ii not aooner psid, slu~ll be due and psYable on the i 8i~st day of ~,arCh ,18 94~ ~ If default be made in the p4yment oi any inataUment under this note add ii sucb default ia not m~de ~ sood prior to the due date of the next such inatallment, the entire princip~ sum and-socrued intere~t ahsll , , st once beoome due and p~yable without notice at theoption oi the holder oi thia note. Failw~e to exercise t6is option ahaU not conatitute a waiver of the ri~ht to exerciae the aame ia the event of any subsequent ~ defaulk In the event af default in the p~yment oi this note, attd if the s~ume is oollected by an attorney i st Lw~ the undersigned hereby agree (s) to p~ay all oosts of oollection, includin~ a reason~We attorney'a fea ~ Presentment, p~c+oteat, and notioe are hereby waived. CState Documentary Staspa , e aoa, a a ngle xo~an~ ~ affixed to original note and - cancelled . ~ ` ~ ~ And shaU dn1Y. Prompt1Y. snd lnlt~? Perioran. dtschsr~e,. euecute, effect. oompkte, snd oomply vith snd abide by each and eve~q the stiPalattons, agre~nents. oonditions, and oovenants oi asid promissory nate ' and of this mort~age, then t6is mortga~e and the eatate hersby crested shall cease and be nult aad void. ' And the mortgagor further c~venants ~a followa: i 1. ~t he wiU p~y the indebtedness. as hereinbetore provIded Prlvtlege is reserved to p~y the . ' debt in whole. or in an amount equal to one or more raontl~l,y p~rmenta on the princip~al that are ne~ct due i on the note, on the flrst d~,y oi any month prior to maturity: Provided, however. that written notice of an intention to exercise such privilege is given at leaat tlu~rtY (30) aaYa prior to pre ent; and, provided ! f~rther, that in the event the debt is paid in full prior to, matnrity and~ at that e it is inanred under ~ t6e pr~visiona of the Nationsl Hoasing Act, he will pay to the mortgag~ee an adjuated preminm char8e oi ~ one p~r centum (ig6) -0f the original priacipal amount t6ereof, exoept~h,a~in no eventuhsll the adjnsted I.• premi~n? euceed the ggre te wYwunt of premium chargea which would have been p~yable if the mort- ` gage had oontinued toa be '~ured until maturlty; sneh payment to be applied by the mortgagee upon its ; obligation to the Federal Housing Commissioner on aaAUnt of mortg~ge insurance. ~ 2. ~ak ~n oraer mo~e ~nvy to nrotect t~~ secu~ty or this mortga,~e. the mortgagor. together wit6, ~ . aad in addition to, the menthly paymenta under the terms of the note aecured hereby. an the 8rst day oi ~ e~ch month until the said note ia f~illy paid, will pay to the mortgagee t6e foUowing s~una: j (a) An amount su~cient to provide the holder hereof with funds to pay the neat mortgag~e inaurance premi~na if this instrument and the note secured hereby are insured, or a monthiy charge i aal foUowa s mortgag~e inaurance premium) if they are held by the Federal Houaing Commiasioner, (t) Ii and ~o lona as a~id note oi ev~ dste snd t6ii inshuiment are inwred or ars reinsured nnder tl~ ~ pr~viaions of the National Aonsing Aet„ au smount antlkient to ~ocumnlste in the hands of the lwlder one (i) m~th prior to its doe date the annnsl mortgag~s insuranoe pnmiam, in onder to prmride weh holder with innds to pa saeh premiwn to the Federsl Honsins Commiadaner pnnusnt to tbe National _ onain~ am~ed, and spplk~ble ns th~eonder; or (n) If snd ~olons~is uid iwte of evm date snd~lt~s 'indrnment are held by the Federal Houains Commir . doner. a mont~rd~r~e (in l~en oi a mortgsR~ in~aos preminm) ~1ueh shall be in sn amonnt equal to one-tweliW (~is) oi onthalt ('de ) P~',oentmn oi the sverag~q onts~?nding bslanee dne on the . nots oompnted wit6ont takins into aeoonnt ~qne~es or Prspsyments: (b A wm equal to the ground re~ts. if auy. neut,due. plna the preminma that will next become ~ due ~ p~ysele on policies of Rre snd otber hazard inaurance oove~ng the mortgaged property. plua ~es ~d assessmenta next due on the mortgaged proPertY (all as estimated by t6e mortgagee) less . a11 atuns ulreudy paid therefor divided by the number of muntha to elap~ee before one month prior to the date when such 8round renta, premiunaa, taxes, and assessments will become delinquent, such ' ~ anms to be held by mortgagee in trust to pay said gmound rents, premiuma, taxea, and special asaess- ments; and (e) All ta mentioned in the two preceding aubsections of this paragrsph and all pay- ! , menta to_be n~~nder the note secured hereby shall be added tflget6er and the te amount ~ ~ thereoi stu~ll be psid by the mortga8~or each month in a aingle p~ayment to be appL~ the mort- ~ ~ee to the foUovvia~? items ia the order set forth: ~ . (t) Praniam eLar~es uader ths eontraet ot insuranos wit1~ tbe Fedesal Hou~ina C~ommiuioner. or mo~thll ehsr~s (ia lien of mottaa=e iusaran» prm?iam). as the e~ss msy be: ' (u trunnd re~ts. t~ei. aa~ea~ents, Are, and oti~ar hasard inwranoe prenainms; : (m intee+est ou tbe note secured herebyr; and : (iY amorti~tiaa oi the ptineip~l o~ pid note. ' At~ de8ciency in the amotmt of an~h ~ate monthly ~ayment shsll, •anlees made good by the ~ ino~or prior to tt?e due d~ts oi the next such ps~nent, oonat~tute an event of deiault nnder this mort- F ' `~e.r -~'he mortgagee may cwi{ect ~"late char~e' not to e~cceed two ceata for esch dollar (;1) o~ each p~ nt more tlu~n 8iteea (16) daya in srresrs to caver the e~ctra e~cpense involved in handli~?g . : delLiqueut p~U?ments. ` 3. Thst ii the t~al oi the psymenb made by the mortga~or under (b) of paraQraph 2 precedin~ ahall ~ ~ e;oeed the amouat of psyments utually msde by the mort~ag~ee, for Rround rents. taxea snd sssesivnenb • ~ i ~ ~ ~ - ~ ~ B~R~ 82 i97 : ~ i ~ ~ ~