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Home My WebLink About2113 . _ . . ~ . . _ - - . . _ ~ f ~ . . : ~ ~ . . i . PbR Vnt.va R~teao. the uadersi~aed promise(+s) tp P~J? to ' , JI~MES T. B~ARNES ~ GO~I1~lY, a l~iahigan Corp~ration authsrissd to . do bua inea a under tlse laws oi Flerida ~ ~ , or order, the pr~ncip~l sum oi Elevan thouaa=W •ix hnndr~d and No/'100 Doll~rs (i 11,600.00 with ~ inter~t irom date at the rate of Fiva ~IIa -quartex per oeatum ( S~ 96) p~' . annum on the unpaid balance until paid. The eaid principAl and interest ahall be pays?ble a~ the o~oe oi JA~pT~~rtB~~~~~lorida , or at such other plu~e as the } holder m~y deaignate in writing. in nwnthly inataW~aents oi Sixty fonr a~d 15~100 4 Douara (i 64.15 ~n~?B on the flrst day oi Jvae .18 64. snd on the tirat day of each month thereafter until the principsl and interest ~re fuUy paid. e~ccept that the ftnsl payment of the entire indebtedaaa ev~denced hereby. if not aooner p~id, ahall be due awd psy~?ble on the ~ lh~st day of May .19 94. ; ~ If default be made in the payment of any installment under this note and ii auch deiault is not nude ~ •~ood prior to the due date of the next such inatallment, tbe entire princip~ anm and su~crued interest ahall ~ at once ~ecome due and payable withont notice at the option of the holder oi thia note. Failwre to exercise ~ this option shall not oonatitute a waiver of the~ t to exercise the same in the event of ~ny subsequent i. def~wl~ In the event af default in the payment o~ this note. sad if the aame is oollected by an attorney ~ at law, the undersigned hereby agr~e (s) to p~ay all eosts of oollection, includiag a reasonable attorney's fea ~ Pt~esentment, pr~test, and notioe are hereby wuived. . (State Docnmentary Stampa a~ ' Char es 8. ~(~ene Avery - aff ixed - to original , note . • ~ - - and aancelled. ) ~ . Harbara Aatt Avery CSFAL) . Barbara Mn Avery • . , ~ And sbsIl dulY. P~~Y. ~nd tnl~y periorm, dischsuge, e~cecnte, eRect. oomplete, and oomp~r ~vith snd ae abide by each and every e stipulations, agr~anenta. oonditions, and oovenanta of ae~id prom~aeor~r note . and of t6ia mortg~ge. then this mortgage and the eatate hereby created st?aU cease and be nuQ snd void. ' - And the mortgag~or iurther covenants as followa: - 1. •That he will p~y the indebtedness. as hereinbefore pr~vided. Prlvilege is reserved to I~ay the debt in whole. or in an amount equal to one or raore monthl,y pa~?menta on the princip~al tLat are nest due on the aote, on the ftrst day of any month prior to maturity : Provided, 'however, that written notioe of an . ' intention to exerciae such privilege is given at leaat thirty. (30) daya prior to prep~,yment; and, provided - ~ further. that in the event the debt ia paid in iull prior to, maturity and at thnt time it is inaured untler the provision~ of the National Housing Act~ be will pay to the mortgagee an adjnated Premium charge o! ~ one per centum (196) of the original principal amount thereof, exeept tbat in no event shaU the adjusted = ~ . premium exceed the te amount of premium charges which would have been p~syable if the mort- g~ge had continued to insured until inaturity; such pay~nent to be applied by the mortgsgee upon its obUgation to the Federal Housing Commisaior~r oa acoount of mortgage insuranoe. . 2. That, in order more fuUy to protect the security oi this nwrtgage, the mortgagor, together witht . ' and in addi~on to, the menthlypa~m ents under the terma of the note aecured hereby, on the 8rst day oi ; e~rch month until the said note ia fuUy paid, will pay to the mortgagee the foUowing sums: ~ (a) An atnount sutflcient to provide the holder hereof with fnnda to pay the next mortgag~e inaurance premium if this instrument attd the note secured hereby are inaured. or a month~,y charg~e ~ (in lieu of a mortgage inaurance premium? ii they are held by the Federal HouainS Commissioner. : aa iollowa: ~ (i) Ii and s~ bng as ssid note oi even date and this instrnn?ent are insnred or ars reinsnred nnder tl~e ~ provisions oi the National Hoos[ng Aet. u~ amoant s~lldent to aoeumnlste in the hands oi tLe holder F one (i) nwnth prior to its due date the sanwl mortga8~e fuwranoe Preminm~ In order to pro~de ~ne6 F ~ holder ~?ith innds to psy s~nch premium to the Fedenl Honsins Commisdoner pnrsuant to t6e Natwnal ~ ~ ~ Housi Aet, as amended. aud aPpliu?We Reg~btions tLereunder• or ~ (n) Ii snd ~o~ ss asid note o! erm dste snd this instsument u+e hefd tbs Federal Honsing Commis- ~ sioner. a monthl ~(ia lien oi a mortgage izuaranos Premia~~ wh~el~ shall bs in an anwnnt ' eqn~l to o~e-~fth oi a~e-hali ('~4 ) P~r oeatnm of t6e a ra~ ontdandini balanoe dns ou tl~e : ~ note eompnted witiwut taldn6 iato aceount ~ ot P~ 7meab: ~ ~ (b) A awn equel to the ground rente, if any. next due, plns the prerniums that will neact beco~ne ~ F dne aad payable on policies o! tire and other hasard insuranoe coveriag the mortgaged property, plus ~ ~ taucea and aasesamer*s next due on the mortgaged property (all as eatiinated by the mortgagee) less all sums slready paid therefor divided by the number. of months to elapse before one month prior ~ to t6e dste when such ground renta, premiums. taxea. and asaesaments will beoome de~quent, such aunis to be held by mortgag~ee in.trust to paY said ground rents, premiums, ta~ces. and apecial aaseas- menta; s~nd All payments mentioned in the two preceding subeections oi this psragraph and aU p~y.- ~ raents"to be msde under the note secured hereby shaU be added together and the te amount : . thereoi ahaU be p~aid by the mortgag~or each month in s eingle peyment to be sp 'p~ the mor~ r ~ g~gee to the following it~ems in the order set iorth: • F ~ (t) preminm ~hsrgea nnder tbe eo~tnet oi insnranos with the Federal Hondnt Cafnmiasioner, or munthl~ ~ ± ~ , char~e (in lien oi mortgage inwranat presninm), ss the eus may be; ~ ~ (m~ interest o~n tire nate ~ r~ebp; andd other hu~rd insnranae premlums: E ; ~ (tv anasti:at[on oi the prindpal 01 said note. ~ An~ det~ciency in the anwunt oi such aggregate monthly~ ~syment shall, nnl~a made geod by the ~ mo~o r prior to the due dats of the next auch pa~rmenk eonst~tute an event oi defwlt uader this morti~ ~ ~ag~e.- ~'he mo='tBaSee maY oullect a"late chsr'Se nat to exeeed two ceat~ (2~) ior each dollar (i2) 0~ eiu;h p~yment more thsn ftiteen (lb) d~?a in arreara to cover the e~ctara espense involved in hand~ia~. ~ ~ delinqnent psyments. - ~ 8. That if the totsl of the payme~b msde by~ the mortQagor nnder (b) oi para~raph 2 preceding shsll eueeed the amount oi vaymen4 actually msde by the mortgaSee, tor gconnd rents. taxea and aases~menta . ~ • R. ~ ~ ~o~~ 86 312 ~ ' -