HomeMy WebLinkAbout2138 . ' . . . ' . ~ ~ ~ - - ..~.-~-~r_'-~~' 1
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FOa VAI.U~ R~(~tYID~ the na~r~i~aed prOmiM(a) ti0 p~11 t0 .
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~ ATICb FINApCIAL CO~~ORATICN ~
~ a ~~pins
tho~uaa
d liva
the laws oi Dela~tare ~ or order. t!~ prLicipal sum oi :
hundred and Ho/100 ------------------------'~?011~ (i 9,500.00 )~with ~
intereat frona date at tlie nte of l~iva •et?l-quarter ~ per oentum ( ~ 96) per
snnum on the unpaid balanoe until p~id. The eaid prlnclp~l oud iatsrest atu~U be ppn~ble at t4e o~oe of ~
ATICO FINAI~ICI~ ~atATI0~1
M u 1, Flor~da ~ or at a other pL~e as the .
holder nuy deaigaate in writina~ in monthly it~at~llmeats oi Filty- tvo a~d 54~100
Dolisra 52.54 oo~nuaencia~ on the Arst.day oi ~ Juna .1964
. on the tlrst day oi each raonth thereafter until the principsl snd interest are fu11~Y P+dd. esoeP~ thst the lfnsl
payment of the entire indebtedneas evidenoed hereby. ii not sooner paid. shsU be dae sad P~Y~~ ~
fi~at d~? of May .199~ • '
Ii default be maede in the psyment oi ~uU? inat~ilmeut under this note snd i! anc6 det~wlt is tat m~de ~
~ood prior to the due date of the next auch inst~lhnenk tl?e entire PrInciPs~ sum ~wd ~ocrued Laterest s1u~Il ,
~t once become due and p~yable without notioe et the option oi the holder oi this note. F'ailure to ezercise '
; this option shall not oonstitute ~ waiver oi the rI~ht to exercise the same in the event of aqy subsequent
default In the eveat af default ~n the PaYA~t oi tLis note, and ii the wne is colle~ted by an attoraey
~ ~ st Lw. the under~igned herebY asree (s) to p~y u11 oosta oi oollection, includiri~ a reas~able attorney's iea . ~
Preaentment, proteat, a~nd notioe are hereby waived.
(State Documentary 3taaps _a,G..Namid S_ aiik~v (~F~.
'affixed to original note Harold S. Gilkey
~ aud cancelled. )
~ . ~,1 Iris Oislkre~ ~ (SEAL)
Ir~s L. a~1xeY .
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,
~ And shaD dulY. P~~Y. ~ ~4 P~o~, ~e~, ~ ~P4 with and
~ *bide by each aAd eve~ry e atipulations, agreemeats. condittons. and oovenants o! s:id p~~~issor~r ~te
' and oi this mort,~ag~, then this mortgage snd t6e eatste hereby created ah~D awae snd be null and ~ro~.
~ And the mort~ag~or inrther ooven~nta as idbvrs:
~ 1.- Tlu~t he w?ill pa,y the indebtedneas, as hereinbefore prnvided. PrlvIlege is reaerved to p~y the
` debt in whole, or in sn anaunt equal to one or more monthl,y p~yments on the priacipel thst are nest dne _
~ on the note, on the tirst day oi aqy month prior to maturity: Provided, however, that written notice o! an
~ intention to e~cerciae auch privilege is given at least thirtY (80) d~ya Prior to Prepay t: and. Provided
furth~r. that ia the event the debt is paid in full prior to, msturlty snd st that time
i~t
is inaured under
the proviaions oi the National Ho~aing Act, he will pa~y to the nart~sree an acuuated premium chsrg~e oi
one per centnm (1%) oi the original principsl amount thereoi, exoep~ tlut in no eve~at ahall the a~usied
. preminm e~cceed the s~gt+egate amounL of premium chargea which ~rould hsve been p~ysWe ii t6e mort-
; gage had oontinued to be insured until maturity; sach p~ayment to be applied by the mortgagee up~ it~ . I
t obligation to the Federal Housing Commissioner on eocount oi nwrtssge itistuxnoe. ,
~ ~ 2. Thst, in order more fully to protect Ehe secndty oi tt~is nart~g~e. t6e awrtga~or. tog~ether wi
and in addition ta. the menthlyp~rm
ents under We terms oi the note secured hereby. on the tirst d~r
each month nntfl the said note is fuUy psid. w~l pay to the mortgdgee t6e folbwin~ anms:
(a) An amount su~cieut to promde tfie holder hereoi with funds to psy the nezt mortgage
insurance premium if this instrument and the note secured hereby are insnred, or a monthlY charg~e
~ (in lieu of a mortgag~e inaurance preminm) it they are held by the Federal Housing Commissioner,
sa iollowa :
~ (t) If and w lons as said note of evas date sod this indrnment sre insnred or ars reinsnred ander tbe
proviuops oi tbe Nstionsl Hond»a Aek an snannt a~6dent to aeemm~late ia tLe bands ot tbe lalder -
- one (1) montl~ sior to ib dne dste the annnsl nartsass iowranos Prendnm, in order to pm~rWe weh
~ ~ bHoWer with~ to pai _~P~~~ Fednral H~,
oC.o~ner Pnrawnt to tUe Natiansl .
E dats a~d~~~i~mmt are he~d bf tbe Federal H~ Co~-
~ . (n) It Rnd~ as uid note oi exu 6efa
~ da~er. s mon r~e (in liea oi a mortss~ inwnnes peesim~) wKieh ~hsll be in an aaannt
{ eqvsl to one-t~ft~~(~is) oi one-halt ) P~r eentm~ oi t6e sveraae oatdsndins balanoe dns o~? tbs .
( note eompnted witlwut takin` into aeoopat ddla9ueneies or PrspsY~v:
` ~ (6~ A wm equal to the ground rents, if sny. neut due. plus the preminms th~?t v~ll nest b~oa~e
~ ~ ~ dns aodp~yable on policiea oi flre•and other hasnrd inauranoe ooverins tha mortSaB~ P~P~Y. P1us
: t~u~s aud assessments next due on the mortg~ed p
r
operty (s~U ~s estimated by the aartg~) le~
; ap sums s1t+e~rdy paid therifor di v
i
d
e d by t
he n u
m
b er o
f mon
t
h a t
o e
l Apse b e
fore one mon
t~ prior
' to~ the dste whea auch ~rou~ renta. Pr~niums. taxes. ~~nd asa~san~ts vviU beoome d~~nk s~h
~ sums to be held by mort~a~ee in tivst to pay sud gmand rents. Premit~ms. t~ucea. and apecial aaseas-
; meata; ~nd .
+ (e) All p~ymenb mentiooecl in the t~vo preceding wbsections oi this paragraph and all p~y-
~ ments to be made under the note secured hereby shaU be added to~ether snd tbe te amount .
~ thereoi ahaU be pa~id by the mort~or each month in s ain~le p~nneat to be t6e mor~
f s~ee to the folb~rlns items in the order set iortb: .
~ U) P~~ ebasaes nnder tbs oontraet oi imatana with tbs Federal8ondn~ CAmID3rsiot~er. or monthl~
~ : . (ia tku o~ mostga~e inwnaK t~eeniwn). as tLs eass ma7 be;
: (c[ ~reata. tasea. ss~at~.lire.~ otber l~atd in~nranee ptminmr:
E t ~ (m~ tera~t on tLe no~s ~eeue~d berebz0
~ (n aaarti~ioa of tbs piiadp~l oi a~id note.
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? ! ~ Ap~ ~etlCji ~D ~18 ~At O~ SI1C}l ~~@ IDOll~ji ellt ifliU~ DD~'/i IDil~B t~00d ~i ~lA
~ {~or prior to the due dste oi the next anchp~m ent, a~an event oi detsult nnder this iaort~
` ~~a~~~e
.-~'he awrtg~ee ms3?. e~llect a"Iste dkuu~e'" not to ezceed t~vo eenb lor each dol4r (il) ot
~ , eKh p~Urau~nt ntore tluu? fiiteea (16) d~ys in arresn to oon?ez the e~ctra espeiue involved in handlini
~ ; delinque~t p~,yment~.
F ' a. Tfut ii the total oi the p~~ts made b~r thenart~a~or nnder (b) of paratraph 8 precedin~ shall
` e;oeed the ~unount oi psyments actwlly msde by the mort~a`ee. ior l~roand rents. tsxes and aa~unenb -
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~i~~ic Sfi 337
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