HomeMy WebLinkAbout0372 ? ? ~ .
. ' ~ • A•' ' ~ .
, , . ' ' , ~1~~,`
' . 1~OR V/1I.UE R~1YED~ ~ IlOidel'~~~DCd pY'0~~00 ~a~ ~0 P~1 ~ . . . ~
' • JAMBS T. BARNBS & CqKPANY, a 1~ich~gan corporstion
authbrized to do buainess under -
the laws oi the State of Piorida . or order. the principsl snm o! BLBVBN ~
THOUSAND ONB HUNDRBD snd NO/100 • - - - (i 11,100.00 .
interest iro~m date at the rate oi • Pive snd one-f ourth per oentum ( S} 96) per
annum on the unpaid l~lanoe nnt31 paid. The asid princip~l and interest ahsll be PsYabls st the offioe of
~ J~cas T. s~xrtas ~ co~~rnr
in Port Lauderdale, Plorids , or ataach other p1ACe aa the
~ holder ma~? designate in writin& in monthly inat~limente oi SIXTY-C~iB and 38/100
Dollara (i 61.38 ooa?mencing on the flrat da,y o~ ldsy .1964 , aad
' on the flrat dsy of ~?ch month ther+eafter nntil the principal and interest are inlu? paid. ezoePt that the fl~l
payment of the entire indebtedn~s e~viidenoed hereby, i! n~t sooner p~id. shaD be dne and psyable on the
~ 8rst day of April ,18 94 . ~ ~ - ~
~ Ii defsult be made in the p~yment of any inatallment wider this no and if snch deiaWt ia not made
~ood prior to the due date of the next auch installment, the entire princip~ aum and ~ocrued interest ahall
st once beco~e due and p~t?able Nrithout notioe at the option of the holder of this nota Fidlure to exercise
~ this op
tibn s~U not oonatitnts a wsiver of the ri~ht to esercisa the same in the epea~ of any aabsequent
defaulk In the event af default in the payment of thia n~te, and i! the ssme is oollected by an attorney
~ at law, tLe undersigned hereby agree (a) t~ pay all casts of oollection, inclnding a reasonsble attorney'a fee. ~
Presentrnent, Pr~test, and notiee are hereby wsived. ~
~ R/ RicharQ D. Jurkoweki (S~e~il.) ~
(Stete Dooumentary stamps ' .
• arfixed to ori inal note . ~
. and oancelleR.~ ~
~ . • e/ April 8. Jurkowski ~(SEAL)
! - ~ RIL . JURICtXt1 I _ ,
. . ,
' ' ~nd sl~aIl dn~1?, pe'ainpt~?, ~md fn11Y P~~, ~~St'S~, ~earte, effect, aoanplete, and o~nply with :und
~ - abide by each and~very the atipnlations, agreementa. eonditions, and eovenaats of ssid promisaory note
. - snd o! tbis mortg~e, thm t~us mor#g~g~e and the eatats hereby created a6aII cease and be nnll and voic~
. And the aartgag~nr fnrther oovmants as followa:
1. Thst he wIII pm~y the ~tedness, as hereinbefore provided. . Prlvfl~gre ia reserved to p$y the
debt in whole, or in an amount equal to one or more mont~il,y p~yments on the principsl that are neat dne
on the note, on the 8rat da3r of aay month prior to maturity : Provided, hoaever, tbat written notice of an
intention to euercise snch privilege is given at leaat thirts? (30) dsys Prior to pre~s~yment; and, provided
~ further. that in t6e event the debt is paid in fnD prlor to, matnrity and at 'that tune it ia inanred tmder
• the provisiona af the Nationat Housiag Act, he ~viU p~y to the mortgsgr.~e an adjnsted pr~mium charSe of
- one per centum (1g6) of the original principal amount thereof, esoept #J~at in no event ahall the adjuated
• ~ premiwn eacceed the amount of premium charg~es ab~rwoiild have beea p~yable if the mor~
gage had eontinued to8~~~insus~ed unt~ maturity: anch payme~tt to be spplied by the mortgagee npon iffi
~ obligation to the Federal Hoasing Comraiasioner on socount oi mortgag~e insnranoe. ~
j 2 That, in order more fuDy to protect the secanty~ p~ this mortgage, the mortga~gor~ together wit6,
• and in addition to, the menthly paymenta nnder the te!ffis oi the note aecur~ed hereby, on the first dsy of
~ ~ each month umt~ the said note is fully paid; w~l Jpay to the mortgagee the following auma:
(a) An amount safficient to provide the hdder hereoi ~vith fimda to paY the next mortgag~e
' - insnrance premium if thia instrument ~nd the note aecured hereby are insured, or a monthly charg~e
' (in lien of a m~ortgage insnrsnoe premium) if they are held by the Federal Honsing Commissioner, .
as follows : ~ ,
(t) Ii and so lo~ as said note a~ eves date ~nd this in~rameat are inmred or srs reinsured ~der tbe
praviatana o! tLe Nstionsl Honsing Ael, an smormt sn~dent to ~oeamnlste in tbe hands oi the }alder .
one (1) mo~t~h prior to ib dne dste the annual mortgags insaranoe premiam, in order to provide saeh -
t holder writl~ iwids to pa soeh pxmium~to tLe Federal Hoasins Commaisdoner parsusnt to tbe Nstiw~al
~ Honaing Aet, as a~ed, and sppl~eablsB~oIs oas ther4aAder' or
(a) I! and ~o long aa asid note oi e~a dabe aad tL3a ~iairameat are he~d b~ tbe Federal Honsing Comadr
sioner, s mon~}~r (in lie~a of ~ mortgags Iasannes premiar) whieh sbsU be in an amonnt
equal to one.tw~eliti,~) o~ onc~1~ ('K ) per oe.ntum oi tbt s~erage ontstsading balanoe dns on the
note oompnted witlwut taldng into aoeoant ddinqaencics or prepsyn~eats;
k (b) A sam equal to the ground rents, if any. neat dn~ plns the premiuma that w~71 neat beoome
~ ~ ~ dne and pa,yable on policies vf 8r+e and other hazard inanranoe covering the mortgaged property. plus -
€ taxea snd aasesamenta nezt dne on the mortgaged property (sIl aa estnmated by the mortgagee) leas ~
s11 amns already paid therefor divided by the nn~nber_ of montha t~ elapae before one month prior
= to the dste when such gmand-rents, premimns, ta~ces, and asaessments w~l beoo~me delinquent, aach
~ suma to be held by mortgag~ee in truat to pay asid ground rente, premiums, ta~cea, and special aaseaa-
- ' menta; sad - , _
(e) All p~yments mentioned in the two preceding anbmections of this ParaSraPb and all pay-
: ~ ments to be made nnder the note secur~ed hereby shall be added to~ether and the ggregate amount
` . ~ thereof shall be p~aid by the mortgagor each month in a single pa,yment to be appL$
'ed by the mort-
~ • gag~ee to the following itea~s in the order set forth:
` ~ premi~ e~t~es tmder the oantract oi insaranos wkh tbe Federal8oosins Commiadoner, or monthty
~ ehsrtrs (in Bea oi mortgaae insaran~s premin~m), as the e~se ma~ be; -
I (II) ~m~drenta, tsxea. a~sments.llre. and ot~her hwrd insan~e premimns;
~ , ~ (tu3 intereat on t6e note seeured hereby; and - ~
~ : (zv amosti:stion oi the prindpal oi ssid not~ .
E ~ ~ Any delkiency in the amount oi auch aggregate mont~ily ~syment shall,' ut~less made g^ood bs? .the
~ ~ mo prior to the dne date of the next anch pa~nnen~ conahtute aa e~rent of defanlt under thia mort-
~ gag~e.~hre mortgagee may eolkxt a"late charge' not to exoeed two cents for each dollar (~1~ o~
e
a
c
h p
a
y
m
e
n
t m
o
r
e t
h
a
n fifteen (ib) ds
y
s ia arreara to oover the extra expense involved in hand ing +
delinqnent psyments. .
8. That if the total of the pa,ymmts made by the mort,gagor ~nnder (b) oi parsgraPh 2 Preceding shall
e;eeed the ~unoant of t~ymenta. actually made by the mortgagee. tor ground rents. tazea u?d aaaea~ments
~ . , . ~ ~ ~ . ~3 . 3
~t
~ . ~