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Home My WebLink About1519 ~ _ . ....r~ . - ~ ' - - ~ . ~ - - 1 . - ~ • i ~ ' ~ i . F+oR Vnt.us li~c~tvsor tlre underai~ed promise(s) to py? to JAMBS T. BllRN83 Sc GOMPANY, a ' , l~lichigsa Corposatioa wlhorizcd to do bvsinesa nader ~ ~ • _ - . . R the lawa oi PLORIDK . or order. the princip~l awa oi 1~N T'HOUSAND SIX HUNDR~D DOLI.ARS ~ NO/100~~~~N~r~~~~~~~ ~I'^~ `=10~600~00 )~with interest irom dste ~t the nte of PIVB am~d ON~~i POUR'AI per oentw-n ( s} 96) P~ annwn oa the unpaid ba4~aoe antil paid. The eaid princip~l snd iaterest sh~ll be p~ystble at the oflioe oi ~ J~s T. ~ss ~ oo~~~ in PpRT LAUDBRD~ALB, PLORIQlI . or st auch other as the holder may designste in writiag, in month~y iastallments oi PI PTY BIGHT DI~IIIRS at 6a 100 ; Dollars 38.6a oomnaencin~ on the lirat day ai ~t1N8 ~ 1964 . and ~ ~ on the flrat day of edch nwnth theresiter w?til the princip~al u~d Intere~st are in11,Y P~. ~Pt tbat tbe flnal psyiaerit of the entire indebtednees evideaoed hereby. ii not sooner pf~id~ alu~U be due and P~bie on the ' tirst dqy oi APRIL ,19 9~4 ` . Ii defsult be made in the puyment oi any instaliment undrar this note sad ii sucb detaWt is not made • tood prior to the due d~te oi the next auch instaUment~ the eatlre princip~ aum and aocsued interest ahaD ~ st once beoome due ~nd psyable without notice at the n of the holder oi thia note. Feilnre to exerciss ' this option ahall not c~nstitute .a waiver oi the t~a~cercise the asme in the evant oi aqy aubaequent defaulk In the event a! default iw the payment~this note, and ii the aame is oollected by an attoraey ~ , at l~w. the underaigaed hereby ugree (s) to p~l? all costa oi ooUectton. includins, a reaso~ble attorneY's fea ~ ~ ~ Presentment, proteat, snd ~notioe ara hereby waived. ~ ~ ~ (State Docuarentary 3ta~ps _ ~/._G orge lrloore _~$,~~y,Z effixed to original note , a~ ~Qx~ ~J) Ja~kaon ~oors.. CSEAI.) ~ - ~ and cancelled . ) J~Cg ylppgg fa And shall dulY. p~'anptly. snd Periorm. dLchu'Be. execate. effect. eomPkte. and oomp~ with and abide by a~ch ~dev~r~? ttie atiPulat~ons. a~r~e~?eats. o~nditions. and oovenants oi sa~ note and of thls mort~a~e, then this mort~ase snd the estste hereby creitsd shall cease and be n~ vo~id. ~ And the mort~g~ur inrther covenants as followa: - : 1: That be w~l p~y the indebtednesa, ~s hereinbefore provided. Prlvileg~e is reserved to psy t6e + d~bt in whole. or in an anwunt equal to one or more nwnthly pa~yments on the principsl that sre nest due ~ on t6e note. on the rirst d~y of any month prior to maturity: Provided, however~ thAt ~vrittea notice oi an y intention to e~cerciae auch privilege is given st least thirty (80) d~ra prior to pre t: and. Provided ~ further. that in the event the debt is paid in fuU prior to, mat~rity and st that me itAis imured under ~ the proviaions of the National Housing Act, he ~rill pa~y to'the mortgagee an adjusted presnlum charge oi one per cent~m (196) of the original principal a~mount thereoi, ezoept t6at in no event ahaU the adjuated premium exceed the te amoant of premium chargea which ~ronW hsve been p~sy~ble if the mort- ~ gag~e had ooatinued to inaured until maturity; sach p~yment to be applied by t6e mortgag~ee upon its obGgation t~ the Federal Houaing Commiasioner on sooount of mortgage imwrance. ; 2 That~ in order more iully to protect the sec.wclty oi this tnortgage, the mortgagor~ togett?er with ~ aad in addition to, the menthlypaym enta under the ternis oi the note aecured hereby. on the Srat d~,y o~ i each month until the said note ia fnlly paid, w~71 pay to the mortgagee the followin~ auma: i (a) An amount au~cient to prnvide the holder hereoi with i~mds to pay the neut mortgaS~e insurance premium if this inahvment and the note aecured hereby are insured. or a monthly charg~e - ~ (ia lieu oi a mortgag~e inaurance preminm) if they sre held by the Federal Housing Conanaiasioner. ~ aa folbws : (t) Ii and w lon6 as a~id note oi ~rm date and this indiame~?t ars insnred or ars rei~wred ander tbe i pro~isions oi the National Ho~sina Aet„ sn smount iu~dent to ~oemm~lste in tl~e hands of the lalder one (1) month prior to its due dste tbe aannsl nwrt~e insaraaoe premiwn, in or~er to provide web ~ holder with lnnds to ps soe1~ preminm to tl~e Fedaral Hondn~ Commi~doner porw~snt to tbe Nation~l ; Ho~~ Act. as a~d, snd ~Pplieabls Re~nlstions tberennder• or =u ' ; (u) Ii and wlons as said iwte oi eva~ d~te and t~s imd~umeat are ~d t~e Federal Housins Coa~mi~- sioner, a cuonthl~?ehat~e (in lien oi a mortgaas ininranes praaiua~ wlueh sbsll be in an amonnt E 1 equal to one-tMelitL (~is) of onthaU ('K Per oeatnm oi tl~e ~~rerage ontstandina b~lanoe dns on tbe ~ note oompnted withont taidna into aooount ddiaqneaetes or P~W7~t+; ~ (b) A sam equal to the gronnd renta, if ariy, nezt due. plus the pre~ainms that will ne~ beoo~ne dne sndpayable on po4ciea of ftre and other huaard insuranoe eovering the mortgaged pmperty, plas tsxes and assesamenta next due on the ~mortgaged property (sll as eatInaated by the mortga,g~ee) leas ; a11 anms already p~aid therefor divided by the nwaber ai montha to elspse before one month prior to the dste when snch ground renta. premiums, taxes, and assessments will become delinquent, auch sums to be held by nwrtgagee in truat tQ nay said ~round rents. preminms, taxea. ~ad speciat aseesa ~ meata; aad ~ ~ ment to be ~e~under the note seeured h~reby sh~all~ be ad~ded~to~ether aud ~~g ~pre~gatde a~mou~nt ; thereoi shall be paid by the mortasror each m~nth in a sin~le pa~?meat to be spp~ied by the mor~ , ' s~gee to the foUowjns itema in the o:+der set forth: . s (t) Preminm ehss~es w~der tbe oo~traet of iawrane~ with tLs Fedenl8oaains C.o~iwioaer. or montLl~ F ~ (in lien a~ mort~a~e insnsan~ premion~), as t~e aue mar bs: • (n reats, tases. aa~neats. IIre. and otlier hasard i~unraoee pranitm~; ~ ; t (m~ terait on tbe noRs ieenred hee+eby; and ~ ~ (tr aaart~atio~ of the priAapal of ssid not+e. ~ ~ Auy deficiency in the anwunt of snch aggr~ate monthly ~syment s~udl. nnless made ~ood by the ~ ; ~ mo~o r prior to the due date of the next such pa~rmenk conshtute an event oi defanlt iu~der this iaort- ' ~ The mortg~ee mq? colkct a"late chsrge not to exoeed two eeub (2t) for p.ach dollar (;1) o~ . ~ : ~ p y r m e nt ~ tlun S i t e g p (ib) daya in arrears to caver the eutts espense involved in l~aodlin~ - r ~N~ P~3?~ ; ' , ° I S. Tfist it tLe total o! the psym~nta made by the mort~agor nnder (b) oi p~ra~rapi? 2 precedir~ shall ~ ~ e~oeed the ~unount o! vsYments act~aDy made by the mortQagee. for ge+oubd renta. tues aud assea~rneab ' ~ ~ ~ .9 - - ~