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Home My WebLink About2235 Fott Vni.va Racstvau. the underaI~aed pro~nt~e(a) to py? to . ATICO FINANCLIL CQRPORATION ~ • . a oorporatlon or~anised and existln~ under ~ the laws oi DelaMare or order the rlnci sum o! . ~ . p wi1 Nine thouaand aix , hundred and No/`100 pol~ (i 9, 600.00 with interest from datc at the rate o! Fiv e-onc-quarter per centum ( S} 96 ) per . su?num on the unpaid balance until psid. The a~??id principal snd interest shell be p~yable at the o~oe of ~ ATICO FINANCIAL CORPaR~ATI01~ . ~ lrtiami 1, Florida . or atauch other plaoe aa the holder tn~y designate in writing. ~n monthly installmenta of Fif ty three wRd 09/~100 Dollars (i 53.09 oommencing on~the tirst c~y o! Jtute .18 64. and ~ , oa the flrat day of each month thereafter until the principal and interest are iully paid. exoept tLat the flnal . payment of the entire indebtednesa evidenoed hereby. ii not aooner paid, ahall be dae a?ud puy~ble on the 8i~at day oi Mey .19 94. . ~ Ii default be made in the p~yment ot any instaUment under thia note and if such default is not made ~ good prior to the due date oi the next such installment, the entin prlncip~ sum and Aocrued Intet~eat ahall ~ at onoe become due aad payable without notice at the option of the holder of thia note. Fuilure to exercise this option ahnll not constitute a waiver of the ri~ht to exercise the same ia the event of any subeequent defaul~.- In the event of default in the payment of this note. and if the same ia collecteci by an attarney ~ ~ at law, the undersigned hereby agree (s~ to p~y aU eosta of oollect~on, incZudin~ a reasonable attorae~a fee. ' Presentment~ proteat, and notioe are hereby waived. ` ~ ~ ~ ~ (State Documentary Stanpa 8-1-~~es Q. Meyer (SEAL) ~ af f ixed to original note Jaanes Q. Meqer . ' - . and cancelled . ) ~ ' a/ Bettp T. _I+~e~rer (SEAL) _Be ; . 9 • eY~' ' - ~?a ~n aair. promptu?. snd fuD3? Pertozm. diecharge, e~cecut+~, effect. oomplete~ and ooinpty with and ' - abide by each and eve~r the stipulations, agreements„ oonditiona, and oovenants of said pmmissory note aad of t,hia mortgage, t6en this mortg~ag~e nnd the eatate hereby created ahall cease and be null and void. And the mortgag~or further covenants aa tollows: ~ 1. That he will pa,y the indebtedness, as hereinbefore provided. Privileg~e ia reserved to p~ay the. ' debt in whole, or in an ~atnount equal to one or more monthly p~ymenta on the principal that are next due ~ on the note, dn the ~irat day of any month prior to maturity : Provided, however~ that wiitten notice of an intention to exereiae auch privilege is given at leaat thirty (30) days prior to prep~,yment; and, pmvided - further~ that in the event the debt-is paid in full prior to. maturity and at that time it is insured under . the provisioas of the National Housing Act~ he will p~y to the mortgagee ~u adju~ted retnitun chasg~e of ~ one per cent~m (1~6) of the original principat=amount therev#~,except that in no even~shall the adjusted - premium exceed the aggregate amount.of premiumchargea wtiich would have been payable if the mort- SaSe had continued to be i~ured until maturit~• ; Buch payment to be applied by the mortgagee upon its obligation to the Federal Housing Commissioner on aocount of mortgage insurance. 2 That, in order more fully to pmtect the security of this mortgage. the mortgagor. tog~ether with~ and in addition to, the monthly payments under the terms of ttie note aecured hereby. on the Rrst day o~ F each month unt.~l the ~said note is fnlly paid, wiU p~ay to the mortg~,g~ee the iollowia,g aums ~ ' ta) An amount su~cient to provide the holder hereof with funds to pay the next mortgag~e ~ insurance premium if this instrument and the note $ecnred hereby are insured, or a monthty charg~e 4 . (in lieu of a mortgage insurance premium) if they are held by the Federal Housing Commiasioner. ; as follo~vs : ~ ' (z) If and s~ long as ssid note o! even dats and this in~triunent are inanred or srs reinsnnd under the ~ pruvimons oi tLe Ns~tional Houaing Aek aA ~unonnt suf~ent to socumnlate in the hands of the lalder one (1) raonth prior to its due dste the annnsl nwrtaag~e insnnnoe preudam. ln order to provide such f holder with innds to pay such Prerainm to the Fedenl Honsing Commieaioner pnrsusnt to tbe Nationsl ; Ho Aek as ameaded, and appliesbla Regulations therennder; or ~ ~ (u) If and~ng as said note of eren dete and this instrument ara held by tLe Federal Honsing Commia- sioner, s monthly~ cha~e ~(in liw oi a aartgsge insnranoe pr~ninm) wlueh s]u~ll be in an amonat ~ ~ equsl to one-twelith of onahslf ( is ) per eentom oi the smerag~e outstanding balanoe due on tLe ' note eompnted without talrina into aooow?t ddinquendes or PrepaYieenb: (b) A aum eQual to the ground rents, if any, next due, plus the premium$ that will neat become due and payable on policies of fire and other. hazard insnranee covering the riiortgaged property. ptus . tauces and assessments ne~ct due on the mortgaged pmperty f all as estimated by the mortgag~ee) tess all sums already paid therefor divided by the number. of montha to elapBe before one month prior to Lhe date when such gronnd rents, premiums, ta~ces. and asaessments will become delinquent, such sums to be held by mortgagee in trust to pay said g?round rents, premiums, taxea, and special assess- menta; and (e) AU payments mentioned in the two preceding aub~ectioas of this paragraph and all ments to be made ander the note secured hereby ahall be added together and flie aggregate ~ thereoi shall be paid by the mortgagor each month in a single payment to be applied by the mor~ gagee to the folbwing itenns in the order aet iorth : (t) praaiom elur~es nnder the oontract oi insurainos with the Federal Hons[n~ Comminioner, or montl~r ~tt ebs ~(in lieu oi nartgage inanranoe premium), as the we msy be; - ) ~ ta. tases. a~nents.lfre, and other La:ard insurance preminms; (ut) atetest on t6e note aeeured herebY: and (n?) amort~stion oi the prindpsl of said note. . , Any delkiency in the amount o! such' aggregate monthly ~ayment ahall~ unlesa made good by the . morltgagror, prior to the due dste of the next such pa~rtnent, oonshtute an event of defat~lt under this morE~ ~ •~~ch p~yment ~than~fteen~(15) daya i~arreara to ~v~the extra for each dollar (al ) oi expense involved in handliag delinqnent payments. S. That if the tfltal of the puyments made by the mortgagor under (b) oi paragraph 2 preceding shall euceed the anaount of payments act~ally made by the mortgagee. for gronnd rents. taxea and asees~ments - ~ _ B(~R~ 8~ , - _