HomeMy WebLinkAbout1365 . . . _ . . . -~~~.~~_R ' ~ . . . . . " _ '
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l~+oa Vn~.vs ~c~tv~ t1w uadexisned ProA?iae(s) to Pq ~
. J. I. 1CISLAIC 1+bR1GN~8' WRPORATION OF FIARIDA
~ . s a~rPo~~tio~n oart'anised ~ru1 e~cistta~ undes
the I~Mrs a! Florida . . a' order, the P~'jnci~P~i wm oi
••-Hine Thous~ud ~o Su~ndred Fif ty . and no/1QOths DoW?ts 9, 250.00 wtth ~
interett it~om date at tbe rate oi FIVB AND ONS-FOURTN pe~ oentum ( S 1/4 9~i) per
aanun? on the unprid b~alsnoe until paid. Tl~s esid prlncipsl and intarest ahsU be p~,yaWe ut tha ot~oe oi
obligee
~ l~iiami ~ Dade County, FLorida , or at auch ot~r pla~oe aa the
holder m~,y de~t~nats in writin~, in mo~t6~y i~ytWments o~ Fifty Oae and 15/100tha
Dollu~ S 1.15 oam,mencit~ on t1~ fird dyr at ~y ~ 18 6~ ~,~ad
on the nrat al~y? ar e~h montL thereaf~ ant~ the pr~ acipoa ana inte~+erc are inui? wdd, e~ooept t6at the lfn~a
p~,ytneat oi the eat~re inclebtedness svidenoed herebY. ii not sooner paid, eZull be dne and p~yable on the
flrat d~? oi April ,19 94. ~
' I! default be made in the p~yment oi any installmeat under thia no~e, and it auch detanlt is not made
• tood prlor to the dne dste oi the next such inst~llmenk the enttre prlncip~l aum and ~ocrued interest ahaQ
st onoe beoo~ne due and p~yable without notioe at t6eoption oi ti~ holder oi this aota Fiu'lure to eacercias
this option shs1l not ow~stitute a waiver oi the~ ! to ezercise the aanie in t6e eveut oi an~y sub~equeat
def:wlk In the event oi deisult in U?e p~yment o~ thia aote, and ii the s~ame ia ooUected by an ~ttorne~r
~ nt hw, the nadersigned herebY a8ree (s) to pe~? sU ooats af oollectio~. iacludin~, a r~sbnsble sttorney's fea ~
. P~nt~menk Pi'ot~at, snd notioe ars hereby ~ratved. j~
t
_ /s/ Cecil Watson Talbot
' Cecil Watson Talbot
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,
_ /s/ Brenda I~arie Talbot ; -
Brenca Marie Talbot
.
An~l a~aD du~. ~~r
,~1 ~14 Pert~'m, disc6~r~e. eocecute, eSect, oomAleta and oomp~jr with ~md
ab3de by ~e;h and awx~ t1~e~
~
tio~s. ~ls. oondit3ons. and covea~ntt oi said note
~ t
n
d o
s t
h
i
s mor~~q t6ea rt~~e the atate ~ ce~~ n~ ~
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And the mos~t~o~ fnrthe7r covenanta as foibws: _
i. Thst he wilt pq? the indebtedneas. as hereinbefora prov~ded. Prtviie~e is reaerved to p~? the
' debt in wrhole, or ~n sn ~unount equal to one or more nwnt6b p~ya~nts o~ the prlndpal thst are nest due
on the note. on the Srst da,y ot aAy month prior to =asturity : Pro~vided~ hOwever~ Uut writt~ notioe oi sn
intentioa to exerciae snc6 privilege is given at least thirtp (30) dqra Prior to ~+eA~Ym~t; Provided
' ~nrther, thst in the avmt the debt is p~id in full prior tq msturit~ ~nd at t~at time it is imwred nnder
' ~ the provisiona of t~ Natfansl Housing Act, he will Pa~Y to the morkS~ee an ad~justed pre~nium chatge oi
one per oentwm (ig6) of tLe original principal amouat ther~eol, ezeept that in no event ahaD the adjnated
; premium esceed thea~gr~gate amonnt oi premiunt charg~ea ~rhich wouid have been payable i! the. morE~
g~e bad oontinned to be insured nnt~ maturitg; snch p~syment to be sppi~ed by the mortgagee upon its
obLgation to the Feder~l Housing Commiaaioner on sooount of n?ost,~age inauranoe.
2 That, in orde~r more iully to prutect~he secnrity o! this moitaage, the mostgagor, tog~ether with,
tud in additeon to, the menthly e~ ts under the ternss of the note secured hereby. on the 8rat d~y o#
each moath until the said note is !~y
p~ud, will p~y to the mostga~ee the following sums: Y
(a) An ~monnt su~cient to provide t~e holder hei+eo~ ~rith fimds to pay the ne~ct mortgag~ ~
insuiranve presniw? if thia inatrument and the note aeaued hereby s~inaurcd. or a monthty charg+e
; (ia lien o! s m4rtgag~e inaurance premiam) if they are held by the Feden~l Honsing Canmiaaioner,
aa foUowa : -
(t) Ii aad ~o lon~ as ~atd uota oi eva~ data and tbis iastrs~ut ars iawsed or ars reinsured m~der t1~e ~
pra~Lioos of t6e Natiw~si 8oadnlj Aet, an amo~nt sa~dait to aaamnLte in tbe baads of tbe Lo~der ~
; aans (1) mon~th prior to its dne date tbe aannsl m4t~ i~uuranoe preaninm, in order to prrkk sueh ;
H
lder with iunds to pay soeh pt+eminm to ths Federal-8w[n~ Co~iaioner pnrwant to t8e Natbaal ~
l~et, u amaoded. aad appliesbis tberenndar; or ~
(II) u aad~ as uid note oi erm date aad~~i~vm~mt srs hdd tbe Pbderal Howdns Commi~-
~3oaer. s moi? (in tlaa ot-a mort~ ~aranet ptemiu~~ w~fe~ s~aU be in aa amo~unt ~
equal to one-t~ ai o~ahaH ('K ) per centam a~ tLs a~rera~e aat~andin~ balaooe dus on the '
, nobs eompnted witbout 4kln~ iato aeeoont ddioqaearjas a~r p~ep~~mmt~; i
; (b A snm equal to the gro~md rents, ii an~?. ne~t dne. Pins t6e pre~ninnu~ thst vvill ndct beoome ~
dne ~ p~,yabte on pdiciea of flre aad other nha%ard insuraaoe cmr ~
~ tates arid a~a.-n~ta aest dus a~ the mort p ~S the mortgsg~ed ProPerty. P1ns
H~ ~1 (alt as estim~ted by the mortgsgee) less ,
all au~u alna~dy pedd thereior divided by the awaber. of months to e4pse before one month prlor ~
- to the dste when aa~i? Sronnd rents, prezni~m~s, ta~ces. and:ssessmenta w7t beoo~~e detjnquet~t, such
~ ana~s to be heid by martga,gee in trnat to p~,y 8aid ~r+ound reats„ Preminms, tixea. a~ spec3sl assess-
. me~nts; and ~
; . (o) AD p~yyments mentioned in the t~vo preoedinn~ snbsections oi this psragtaph and sll p~ ,
, ments to be made nnder the note aecured hereby ahall be a~dded torether and the te amount i
. thereoi shaU be pmdd by the mortga,~or each month in s ain,~ie p~ym~at to be a~~ the mort~
~~,~ee to the foDowint it~ns in the oxder aet iorth:
, (t)~ F~miam eh+r~e~ nnder tbs ~traet ot lnsnnne~ witb tbs Federal Hoodnt Commt~sio~er, ae mo~tl~ly
(in liau o! nwrtaa~+e in~araaes pt~emioa4). as tbs ass ms~ bs;
i (n) ~~reats. tues. aaeaa~,sat~. ~+e, iad alrer l~ae+d ~araaee premi~.;
; , ~~t) +~t oa t~?e note .ecurea bereby; .aa .
t~) ~ oi tbe P~adp~1 c~ pid ~te.
: A~ aE~eDCr ~D ~l8 ~hOUAt OT S11C11 ~$t@g8~ lYlOn~i ~t vlill, 11n~ 1114dQ g~ bY ~IO
; a~c~rtp~ar prior to the due date of the neat auch eat, oonstatnte aa eveat ot default niWer tbis n~
sa~e. Tbe nwstg~+ee ~y eollect s"lste clluu~ot to ~soeed two oenb for each dollsr (;1j, o!
; tp~~rmeat~~ 8iteen (16) d~ys in srrears ta oaver the extra e~
p e
n~ e involved in han
d
l i n~
: • 8. Tlut it the total oi the pzyn~ts made by the mort~~ ondet (b) of pa~ra~ntph 8 preoedlns sh~ii
; a~oeed tha an~onnt ot. wY~nts actoallY made by the mortgag+e~ ior ground reats. taaea and ass~arneab
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