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Home My WebLink About2234 . . . _ . ~ ~ • - _ t Pbs Vi?ius ~vaa, the underst~ned Pran~se(a) to W to ~it~~ ilt~~J~ ~ ~ i~TA~~f 1~l~~ I~LY~ ~ 04~~ ~ ~ , . s oorporation orQsnised and eaisting under the lawa ot S~ste O= plo]cida . or order. the prtncipal aum of T~SI~9S SHOUS1titD ~ SSY81~ SIIAffi]~D ~ 00/`100 - - - - - - - - - Dou~urs (i12~T00.00- with interest irom date at the rate oi ~i~e ~ o~'~e~toroucth P~' cea~ ( 5~ ~ 9b) P~ : anmun on the unpzid balanoe until paid. The sedd principal and inter~at shsU be p~yable st the offioe oi STOOaTO~~ ~8A'M~Y, D19I~ ~ OO~IBY ~ Jao]tso~arl.11~ ~ ploicida , or at auch other place as the holder may d~ignssts in writiug, in aaonthl~? instalLnenta of 884S8i? ~:23~`l00 m~ (i T0.23 ~~s on the arat a~? ot lobruar~ •~9 64• and on the lirat day of e~ach moath thereAfter nntil the principal and intEreat are fully paid~ ezoept that the Rnsl payment Qi the entire indebtednesa evidenoed hereby; if not aooner pnid. ahsU be due and p~yable on the flrat d~r of .1994 . Ii c~efwit be made in i~he p~yment of ~ iaaf~timent ur~~er thi~ ~crt~. ~d if su~b def~utt is not made ~ood prIor to the due date of the next auch installment, the entire principal aum and aecrued intere~t shaD at once become due and p~?able without notice at the option of the holder of this note. Failure to exerciae this option stiall not ow~atitute a waiver oi the t to exercise the same in the event oi any subaequent defaulk In the event of deisult in the pqyment~this note, and if the aame is collected by an attorney ~ st lsw, the underaigned hereby agree (a) to p~y? all costa of oollection, includin~ s reaaonable attorney's fee. ~ Preaentmenk protest, and notioe are 6ereby vvaived. . . ~ . . - ~ ~.ls~ lLaruarst Hannsn Ysrgarst Y. B,an~u~ And shaII do11?,1~'om~r . snd fnl~ Pertonn, dfscharge, e~cecnte, eSect. complete, ~nd o~mpty with and abide b~ aich andev~r~? the stipulations. a~reements. eonditi~?ns. and c~ovenanta o~ aaid pmmisaory note md of this mortga~, then tUis mortg~tge and the estste hereby created ahall oease and be null and void. And the mort,gagor tnrther oovensnts aa iolloas : 1. Tbst he will p~y the indebtedneaa. as hereinbefore provided. Privilege is reaerved to p~sy the debt in whole, or in an aanount eqw~l to one or more monthly pm~yments on the princip~al t~at are nezt due on the note, on the ftrat ds,y of any month prior to msturity : Provided. however, t6at written notice of an intention to esercise auch privilege is given at least thirtY (30) daya Prior~o Pre~nent; and. Provided fnrther. thst in the event the debt is paid in fall prior to, maturity and st that tune it ia insured under the provisions of the Nationai Howing Act, he will p~y to the mortgagee an adjusted pre~nium charge of one per aentum (1 g6) o! t6e originsl.principal ainonnt thereof. except thst in no event ahall the ac~juated pr~emiwn exc~ed the ggre8ate amount of premium charges which would have been payable if the mor~ gag~e had o~ntinued to$ be inaured nntil maturity; anch payment to be applied by the mortga,gee npon its obligation to t6e Federal Housing Commiasioner on aooount of mortgage insnrance. 2 T~ak in order more fully to protect ttie secncity oi this mortgage. the mortgagor, tog~ether wi ~ad in addit~on to, tbe menthlyp~ymen ta under the terms of the note aec~red hereby. on the Rrst da,y~ each month nntl the e~id note is fully paid, will psy to the mortgagee the foUoR?ing auma: (a) An amount aatflcient to provide the holder hereof~'with innds to pay the next mortgag~e inaurance premium ii thia instrument and the note secured hereby are inaured, or a monthly charg~e (in lieu of a mortgag~e inaurance premium) i! they are held by the Federal Housing Commiesioner. - as followa : • (t) If and p lo~ as KW nota ai evan date snd~ this instrnmea! are insnrad or ars ninsured nnder t6e pro~idons oi the Nstjw~al Honaina Ad. an anwnnt saf6dent to aoeamnlste in tl~e bands of the holder ~ a~e (1) month pr::,r to its dne date the sauwl mort~a~s insannos pteminm, ia order to provide saeb ; ' boldar with funds w ps7 m_eh praaiwn t~ the Fedaral-Swsins Coandas[oner pnawnt to tbe Nstionsl f H Aet, as am~d, and spplieaDls ~1a~~ tberennber• or F (a) It and~ a~ said note oi e~ren dats aad~lb3s-iastrammt sre he~d bs tbe Federal Honsing Co~mis- siooer. s awn ~(in lie~ ot w mortg~rs insari~ros premina) whieh ahall be in sn ~monnt ~ equ~l to ame-t~ oi oae-haK ('K ) P~r oeatum oi tbe s~reraae ontstanding balanoe dne on the - aote oompn~ed wit~t t~ldns into aeeonnt ddinqaendes or prep~Ya~eats: ~ (b~ A snm equal to the ground rents, ii aqy, next dn~ plaa the preminme that vn'll next beoozne ; dne an p~,yable on policies oi Bre and other hazard ~nauranee o~vering the mortgaged pmperty, ~lue ~ t~ucea and ~sments ne~t due on the mort~~ property (all as estimated by the mortgagee) leas all sums already p~id therefor d.ivided' by the nwaber. of months to elapae before orie month prior ~ to the date whea anch gronnd rents, premiuma, taxes. and ~asesaments will become delinquent, such ~ sums to be held by mortg~ee in trust to pay aaid ground rents. premiuma, ta~cea, and apecisl aeaesa- ~ _ ~menta: and ~ (c ) AII ts mentioned in the two preceding subsections o! thia ParagrsPh and all pay- . ments w be n~ er the nate aecnred bereby shall be added together and the te amount thereof shall be paid by the awrtgag+or aoch month in a aingk pmyment to be app~Y the Ynor~ g~ee to t6e foriowing items in the order set forth: Premiom ehar~es under tba eantraet ot insnrsnes with tbs Federai Hondas Canmt~doner. or monthl~ • - ebs (fn Uan ot mortsap insoranee pramium). ~s tbe a~s mar be; ti; (u ~ra~ts, tues. aawmeats. ~+e. and other basird Intaranoe premivms; ` (tn~ amortisstton oi tbe prin8pa1 ot~qW no~ te - Any de.aciency in the amount of snch sggregate monthl,y payment ahall. nnless made g~ood by the G ~ mo prior to the due date of the ne~ct such ent, oonatitute an event of defsWt nnder this mor~ ~ ~ ~s,ge.r~ mortg~ee map oaUect a"lste clku ~ nat to e~coeed two cents ior euh dollar (il) o~ i e~ c h p~ y m e at more tlun ~!'teen (ib) d~? a in arrears to caver the extn expense involved in hsndlin~ ~ ~ ddinqus~?t p~,yments. - 8. T6at ii tha to~al o! the psymrnta made by the mortgagor nnder (b) oi pars~raph 2 precedinS shall ~ ~eeed the amount oi paymenb sctually made by the mortgagpe, for ground rents. taxes and aasea~ments ~ ~ ~ _ - _ goR~ 82 . 280 ~ _ _ ~ . . - . e..~ . _