HomeMy WebLinkAbout0387 , . .
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~ Pba VjALUi ~ th0 usdersi~eied P~ (s~ ~ D~11 ~ -
- ~'OCETQ~ ~ Y~LTI~BY~ • DAYIB ~ C~
. a ooe~po~'+?tlot~ orpaised and e~dstins undsr
the LM?s oi Stst~ at F1aMda , or ordsr. tbe prlncip~l am c~
~ 1va -c~ zsoose~ ~vs ao~s~n a a ~oo - - - - ~ c: ~a; Soo 00 ~•••i~
interest~o~n a.t~ st the ,r~?te oi Fs.e ~«ie-~.urth pe~ ce~~m t g} per
sanum on the unpaid balanoe until psid. ~e asid priocipal and inter~e~t s6s11 bs pwabie at the o~os o!
~ 9TOCHT~t ~ VBATI~iC~ DA9~ d~ C~i .
ia Jscksoaville ~ Flarida . o: st anch v~h~ as the
hotder m~r dcsi~te in writin~ in moat6ly iustsllments ai ~~~D BIGHT8~1 b 90 100
D
o
l l a
r
a 1 1 ~
8. 9 0 co~mnneadn~ on the lirst dyr ai I+L?T .18 64 . snd .
oa the first d~r of e~ch month thereaftbr until the prlnclpal and interest u+s ial~ psi~ e~ooept that the itnsl
p~ynKat oi t6e entire iudebtednees evideno~d ii n~ot sooaer psid. sball be'dne and p~yaWe on the
t~rat day ot aPffiL .19 94 .
If deiault be made in the pa~ym~t oi ~tq~r installmeat uader this no and ii sucb defi~nlt ia not made
t~ P~or to t4e dne date of the aext such instalhnent, the entire princip~ smn snd aocrned Interest ahaU
st onoe beoo~e due and payable ~rithout ootice at t6e n oi the holder oi this note. PLilnre to eserciae
this optlon ahsD not coastitnte a w~iver oi the rl~ht~~sercise the eame in t6e eveat a~ aqy snbseqnent
~ defiul~ . In the evant of defsult in the p~yn~t of this nate~ and ii the a~me is ooUected by an atton~r
st hw,the undersisned herebY a~ree(s) to F0.Y s11 oosta oi oolleatioa, inctndin~s re~soo~ble attorneY'a iee.
Presentmmt~ p~+utest, and notioe ars hereb~ waived. .
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. _/st Claucence 4. Jaa~es
Ce . O~eB
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~ - - ~8~ ~~l ~ .TOII@8
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ADd ~ dO~s . ~El~O?~s d~~lW~ OOfDp~Qt@. iDd dOmp~ i~
ab3de b~ e~eh and~ve~ e atipulatio~s. ~ta. oo ttons, and oov~n~nb o! s~id note
and a~ t6is mo~p~-Jthen this mort,~e and the estnte hereby created sball ee~se and be
np~~~ v~oid.
And the moart,ta~or iurther oove~unb as iolbw?s: .
1. That he will p~y t~ie indebtedn~s, as hereinbefore proqlded. Prtvile~e is reserved to psy the
debt in whole, or in an ~nouat eqwl to one or more monthly pm~ymenta on the PriaciPal tbat are nest dae
on the aote, on the ~rst da~y oi aqy month prlor to msturity: Pro~vi tbst writtm notice of an
ded, however,
intention to euercise anch privilege is give~ at least thirtY (80) da,~?s Prior to p~++ee~yment; ana, Provkl~d
inrther, that in the event the debt is p~d in fiill prior tq mstarity ~ad at that- t~me it is insiu~ed ~mder
t~ Provisions a~ the National Iionsin~ Act, he w~l p~y to the mort,~a~ee:an sd3nsted Premium chatas of
one per oentum (iy6) of the original principal amount thereoi, ~zogpt thst in no eveat aha11 the adjnsted
pr~nium ezeeed the ~~g~r.egate amount o! premium chargea which w~ould have been pm4ysble if the mort- -
sage had cantinued to insnred untfi mstnritY; ~ P~t to. be spQlied by the n~~rt~~ee npaa its
obligstion to the Federsl Hoasin~ Commissioner an sooount o~' mort~+e iosnranoe. ,
8. That, in osde~r more fully to p~+~tect th~ secncity o~ this mork~itg~e, the nart
aad in addition to. the menth~j? P~Y~ts mider the terms oi the note secured herpby8~r,the~8rat day o~
each month until the add note is fWl,p I~a. wi11 P~Y ~ t6e aartz~e t6e l~low~ wms:
~ (a) An aaannt quffident to. provide the holder hereo~ with fands to p~? the ne~et mortgag~e
insuranoe premium if this instnunent and the note sea~red hereby are or a montt~? charg~e
(in lieu of s mQrt8~8'e insuranoe P~~) ~ the~? are held by the Feden~l H Commiaaipner~
as foUowa: ~ -
(t) Ii aad ~o lo~ as nid note a~ e~ dste and tbis in~t sri. iusared or ars reinsored undar
tLe
prc~idaos o~ tbe Natiooal Hondn~ Ad. an amooat wmdent to iaeumalate in tba b~ds o~ tbe LoWer
. aot (i) moa~th prbr to it~ dna datis tM aasoslm~ i~uraeo~ pr~miaai, ia otder to prorjds aod~
bHo~lder with i~ to pa sneh yremiam bo tl~s Fede~al-E-aWns Commisdo~ez pntsusnt to tbe Nstio~al
~n) I! aad~~as
aid ~ate -oi ~it~t~ins~ameat
srs~6e3d~
~ tbe Fedenl Hood~ Caasmb-
~iader. s mon~}~r (ia lien oi R ssorlsa~s i~oram~ premim~~ wLie~ ~LaU be in an ao~oant
' eqoal to aas-twdtt~~j a~ aus~ali Psr oeatam o? tbe a~erare o~dins balano~ dns oa~ tM
. , ,s°~° °°~°pated withoat taNn~ into~aeeoant ddi~qoeneles or prep~aymeats;
; ~(6) A snm eqwl to the ~ronnd rents. it any, nezt due. plns the pre~nivms tbat ~fit next beoome
~ ~ andp~y~
k on policies oi 1~re and other hasard insnraaoe ooverina the mortgaged W'oP~Y, Pl~
' - aD~wmsan~ -aa~essme~b neut d~ the ~cwrt~~i~+operty (sll as ~imated by t6e mortga,~ee) las
. ~lre~rd~ paid theretor vlded b~ the nwnber. oi ~?ths to elapse before one month prior
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to~be hdd by ~ to p4~ssid~'~+oun~d
reats. Pre~i~s, tssea. and~apecial a~'aa~as-
meata; aad
. ~ maab t~o be n~onder t6e note ~o' snbsections oi this psr~ra~ aad W pa~• .
~7 added to~ether and the te amonnt
tbereoi sball be P~id b7 the esch month in a sia~ie p~yment to be ag~ t6e nar~
s~ee to t~s foUowio~ it+ems in the set forth:
' p~~ oAd~r tbae~optraet a~ fnsnraoa witb tM Federal Howiu~ C~oam~i~siaaer. ot moat~
(in tiea a~ wortsap inwraneea premimn). as tb~ ea~s ms be; u~
€ ~ ~a s~ra~b, taus. awwanenls, Me. and other basard iaamrsAee preo~ioms;
(m i~ t~re~ aw tue aot~ ~eenrd ber~ ; aaa
(=t atirost~atioa ot tL~ p:iueip~t o~ s~ ~of~. ~ ~
F • A~ detkiency in t6e aaronnt oi aach aggregate month~jrpaym~
t shall, nnler made ~ood b~ t6e
~ . nK~prior to the due date of the next snch k oonatitnte an~event oi defanlt nnder this inort~
E mort~~ee ma~ eollect a"iste aot tv ezeeed tw?o cmb t?,~) ior asch dollar ti1 0l.
~ ~D~11~~ Siteei (16) dy?s in arrea» to oaver the eactra ezpense introlved in 6and~
~ 3. Tha! ii t6e total of t6e p~yn~ts made b~ themor~or nnder (b) ot p~ra~raph 8 prsoedins shaU
e~aed f,he amount oi ospmenb actwlly made by the mort~ag~ee. for Rra~nd rents. taxes and as~au~meab •
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