HomeMy WebLinkAbout1752 . l .-,..r.: M..._ _
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l~OR,VALUS R~rID. tia uedersi~ned promiee ~ prU? to . .
• , 91'OCfLSOIi ~ WBATI~Y ~ p11YIN d~ C~Y ~ .
, , . s o~rpo~ntioa oe~aaised ~ e~dstios under
~ the 4?wa oi Stste at Florida . . oar order. the prlndpal am ot
_ ~8 T~O~tD, ~ro S~~D a 00/~00 • - - - - - - - m~ (i 9,200.00 •
fntereet iyrom date at the nte oi lYve b oe~e-Pourth pe~' ae~?tam t. 96) P~'
. aeenum oii the unpzid balsnce until paid. The eaid prlnctpsl and interest alu~D bs p~yab~s a~ the o~oe oi ~
S~iOCR'1'~i~ YBATLEX~ I~A4IZi d~ CO~TiY "
~ Ja~cksoaville~ Flarida ~ . or a! anch other pla~ca sa ths ;
, QOld~ ~ 1~~8!l~~A ~A ~Il IIIOII~I~j/ ~IDlII~ OZ ~~Y at • ~ • ~ • w ~
• DOuil9~ ~ ~ • C0~ffi~DC~' OII ~ fll'~r ~ O~ ~Y r 19 ~ ~ ~d :
the tfrat dsy of e~ch monU? theresfter nntil the prInc[pal and interat u+e ial~j? P~?td, e~ooel~t t2iat the flnsl
p~yn~ent of the eutire inckbtedaees evldenoed her8by. if not sooner paid, sh~il bs das and p~,ys,ble on the
' tirat dq~r or aPBIb .19 94 • ,
I! deiwlt be made in the p~?ment oi sn~r inatsilment under this not,e~ and ii such dei~ult is not made
rood prlor to the due dute ot tbe next such inatuUment, the entire pdncip~l awn and ~ocrued interest ahall :
st onoe become dne snd p~yabk without notice at theoption oi the hol~r of tbis note. Failure to exerciae
this optton ahall not ooastttute a wsiver of the rl~ht to exercise the aame in the eve~?t oi any subsequent ~
default In the e~ent of defauit in the p~Yment oi this note. snd if the ssme is oollected by an attorney S,~
~ at Lw,the underaigned hereby sgree(a~ to p~4Y ~?ll co~ts of oollectton. including.a reasonahle attoraey's fee. ft
P~ntment, prot~eat,~ and notice are hereby watved. ~
. . I~I Jose~h F. Petmne 5
Joseph F. Patrone
x
' ~~esa A~t~rone • ~ k
~ J~oa Pe~sbae ~
. . ~ ~
Aad slisII dnb. D~~. ~~4 P~'to~'m. dis~ar~. eacearte. et~ecl. oomPkte. and oar?Pl~? with and
. ~ sbide b~r ~ch andave~ stipulations, a~ree~nents. oanditions, sud coveo~nts o! asid promiasors? note
and a~ this n~ then this mort,~~t~e and the ~atie hereby cnated shaU oesae aod be nn11 aad void.
. And the mortp~or ihrther oovm~nts as ioUo~rs: ~
l. Th~t he wiII p~r t6e indebtedness. as he}~einbefore provided. PrlvDe~e fs reaerved to pay the ~
debt in whole, or in an amount equal to one or more monthly pa~me~ta an t6e psincipul thst sre next due
' an ~e note, on the ltrat day oi sny month prior to msturity: Provickd, however, tlatt written notice of an
intention to ezex+cise anch prlvilege is given at lesat thirtY i~) ~7s Parlos to p~ ent; and, pmvided
turthrar, tbst in the ev~nt the debt is paid ia inll prior ta~ mat~rlq ~tad st that me it is insured under
~ the provisions of the Nationat Hotisin~ Act, he wiU p~y to the a~ort;a,~ee an ad3nsted Premium charSe o!
one per oentnm (196) of the original principal amouat thereoi, e~ceept thst in no ev t shall the adjusted :
premium e~cecea the ~gregate amount ot premium cfiarges which would 1u~ve been~?yabte it the mort- r
~age had eontinaed to~be inaured until maturitr; sach payment to be applied by the mortgagee upon its '
. obligstion to the Federdl Houaing Commiasioner on acoount o! mort,g~e insuranoe.
~ 2 That, in order nwre fully ta prot~ect th~ aecurlty oi t6is mortga,~e, the nartgagor. tflgeether wit~,
ind fn addition to. the menthl~yp~m
ents undet the terms of the note sat~+e~ hra~eby. on the
firat day o~ Sx
esch month until the said nots is fuUY Paid. wiU p~ay to tbe mortgag~ee the folbwing s~mas: £
~ (s) An amonnt au~cient to provide the holder hereo! with iands to p'?Y the n~?act mortgag~e i
' ~ insarance pr~aitmn ii this instrument and the note uecured hereby are insured, or a monthly charg~e
! (ia lien oi a mort,gag~e insursnce premiam) iirthey are held by the Fede~l8on~ing Commisaioner. :
~ as followa: . ~
(i) Ir .Aa w laa~s ...da note ot e~en a.c..aa tbis in~teomeae ar. i~wrea o: .rs rei~s~.rea n~der r~he
- proridons oi the Nstional Housi~ Aet. nn amoaut wlbeNat ts aeemm~late ia tbe haads ~ t1~e lwidet ;
one (1) moath prior to its dne date t6e annnal wor~a~ il~soraaee prea~inm. in oider t~ pr~vide sneh
boldar with innds to pai s_wh yremiwn t~o the Federal-H'wains Coa~irdo~r pnrsnant to tbe Nstional i.
(n) Ii and ao ns as uid note of~ereeap ~ tloes tM~
undere~or tbe Federal Ronsins Commis- ;i
$ lo~d' ~ da t~
. doner. s monWl (iA lfau oi a aa insnnnes pemtina~ rDidi ahall be in an anannt ~
~ - eqnal to one-~ttb~) ot ont~li ('K ) Per oa~tnm oi tb~ a~er~e oatdandina balanee due on the
' ' no~s compnted Mrithont takins into soeonnt ddinqnme~ or pt'ep~?yn~ub: ~
(6) A wm equel t~ the gimund renta, if any. next dne, ptus the premiums that will next become
, . dae and le oa policies of ftre and other hasard insnrance oovering the mortgsged property, plas
taues ~assesaments next due on the mortgaged roperty (all as est~mated by the mortgsgee) less
aII amms already p~id therefor divided by the aum~r. of months to elspse before one month prior
~ to the date when auch graund re~its. Prnmiwns. taxes. snd asseasmeats wDt beoome dellnquent, s~ch
~ . smns to be held by moftgagee in trast to pay a~£d ground rents. Preminms. taxea, and apecial aasess-
! - ments; >tud
~ (e) All ts mentionNl in the t~vo pre~edin~ sab~eclions of t6is pars~raph and all p~r.
meats to be m~e
nnder the'note se~nred hereby shall be added tonther and t6e te unount
. thereo2 s6a11 be p:id b~ the mort~or each month in s sinsle pyrme~at to be a~ the mort-
~~o t~ iono..~,r it~ ~ tn~ o~ ~t ro~:
~ (t) pramia~m eDut~s oadtr tM ~tr~et at insnraoe~ wltb ti~ lr~dtr~l Hoain~ Coanniidos~er. os monthl~ .
f • (in Ua~ a~ Awrti+~[e insnnn~ pranium), ~s th~ as~ ~aa~ b~;
, . (n ra~ taxes. a~enb.~[re. and other lusar! lasoraoet premiobr;
~ ~ ~ (n~ a~
o~tlaa oi~i
~i?d~p+i ~
~~id ao~ti •
~ A~ delki~ncy in the amount oi such ag~ce~te monthlA? ~ay~nent sbsll, m~len nude g~ood by the
~ o~c~t~~~oar parlor to the dae dute of the next aueh ps~rment, oo et~tute an e~vent oi deZanlt nnder this morw
~ ~s. Ths mort~ee m~y cnllect s"lute charge' not to e~coe~d two cenb t~) iQr eaeh dollu (=1~ o~
; esch p~rnaaat mora thsn fiit+eea (lb) days in srreara to eonnez the a:tta mcpeose involved in handlina
~ delinqaeat p~U?m~ats. . .
~ • S. T6at it the taW oi the paymenb msde by the mort~a~a' under (b) ot P~~s'riPh ~ A~S ~
, e;aed the anwunt of v~~nnenb actualty made by the nwrt~a~e~ tor ~rouad rents. tsxes snd seseas~ments
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