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P+o~ v~u.us ~?ao,, u~e amierst~d proR?i~ets~ to p~y? to . . _
- J~ - T. 8~A~1E4 ~ C~lP4NY, a Kiahi~u? oorporation- anthorissd to do .
bwinaas vader ~ • - ~
~ the lavrs of ths Stats of Florida or order, the princip~l aum ot N a thouaand
h
. ' lour, hundrad and No/'100 ------•-----•-------Dollua 9,400. ~ - with .
• intereat from c1Ate at the rate of Fiv+s and one-tovrth per oeatuno? ( ~ 96) peY'
snnum on the unpaid b~noe uatil paid. The aaid princip~l and interest alu~ll be p~ysble at tha o~oe oi
JAMES T. B~ARNFS ~ C~lPAi~C ~ `
' ~ Fort Laudardals or at auch othar p ~a the ~
~older nuy d~igc~te in vvrltit~g, tn tnonthl,y inataUments of Fifty oaa. ~ollara aad 98~100 . ~
51.98 commencing on the flrat dqy of July ~ i9~ , and
on the rirst day of each month thereafter untii the principe~i ~nd interest are fully pa~d~ exoept that the flnal ~
payment of the entire indeb~ednees eyidenoed hereliy. if not ~ooner p~d. shaD be dne and ps~y~?bk on the
. . flrat d~y ot June ,1994 . . ~ il
' ~ If default be made in the payment of ~r Installment under thfs uo ~nd ff aacb default is not made
n
: ~ rood prior to the due date of the next auch inatallment, the entire px3ncip~ aum ~nd ~acrued interest shall
; st oace become due and p~yable withont notice at the optian oi the holder o! thia note. Failure to exerclse .
t6is ~opt~on s6all not oonstitute a waiver oi theri~ht to exerciae the aame in the eve~t of any subsequent
defaul~ In the eveut af d~fi~ul~ Ia the pa,yraent o~ thfa note, and ii the same is collected by an attorney
t: st law, the undersigned herebY agree (s) to pay all oosts oi oollection, includin~ a ~rwsoasbie attorney's ies. .
P~+erentment~ proteat, and notiae are hereby waived. _
~ (8tata Docvmentary ~Stamnpa a,,~~~].l~ui CSEAL)
, aff ixed . to or~inal note ~gene Allen - - . -
~ and cancelled. ~
af
Ms~arat Ailen . ` ;t
~ ~ Margaret- Allen " ;
-
~ . _
~ • And ahall d~j?, pt~y. -
P~ ~~9 P~'o~. d~~ch~r8~. execute; effect, oomPle~. and comp~jr vlt6 ~und
: ~bide by esch and every the atipulationa, agreementa. oonditions. snd oovena~ts of aaid promissory note '
~ . ~nd o! this mortg~ge, then thia mo .
rtgag~e, su?d the e~tate hereby ~reated s6all o~se. and be nnll and void.
And the mortg~tg~or turther coveaanta as follow~ : • .
. ~ 1. That he will p~y the indebtedness. as hereinbefore provided. Prjviteg+e is r~erved to p~y the
debt in whole, or in aa amount equal to one or more monthly p~ytneata on the prlncipa~l t~hat u~e. ne:t dae
on the note. on the ftrat da3r of any month prior to maturitq; Providecl, however, thait vrrittea notiae oi an -
; intention tfl e~cercise auch priyileg+e ia given at leaat thirty (30) daya Prior to pre t; snd. Urov~ded '
~ further. t6at in the event the debt is paid in fuU prlor tQ mafnrity and at that ~is insured under
t6e pr~vislons of the Nstiot?st Housing Ack he will paq to the mort~~,gee an ad,je~at~ premium charg~e od
one per eentum ( i~6 ) of tbe uriginal principal amount t6ereof. exoept that in no event shall the ad~ uated
- pr~mium exoeed the a~ggregate amount of premium charg~es which woald have been p~yable if the morw =
SaS~e had eontinued to be insured unt~l maturity; su~ch p~;yment to be applied by the mortga~ee apon its -
oblig:?tion to the Federal Housing Commisaioner on ~coount of martga~g~e i~~suranoe. ~ ~ `
; _ ~1
~ Z. Thst~ in order Yaare fnUy to prot~ect the sect:rity of this nnortgage, the aartga,gor, tog~ether rvi ~
, and in ~ddit€on to. the mont,hay payments under the terms of the note secured hereby, on the Srst day~ ~-i
~ e~ch month nntil the aaid note ia fullY P~id. wiU p~,y to the mortgag~es the iollowing aums • - f
~ (a) An unount au~cient to prnvide the holder hereof with limds to pay the nezE inortgag~e ~
~ ~ insurance premium if this instrument and the note secured hereby are insnred, ar a manthly charg~e ~
; ( i
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e insuranae premium) I f t
hey are h
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dern] Aons
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ioner, ~
• - - as iollows : - > r
i . tt) Ii snd ~o laag as st[d note oi ew~ dste and t1~s inshument u+a insnred or sre rein~nred nndar tbe 'S
~ prov~aions of the National Honsiag Aet, aa smo~unt solRelent to aoeumnlate in the Laads ot tbe halder i
~ ane (1) maet6 prior to ib due dste the annval mortasas iarar~a~t~os pramiam, in order to aneh .x ~1
- bolder with fund~ to pwy sneh premiam to tlre Fedesa[ Haaing C~oeer pnisosnt to ~stioaat i
; . Housing Aet, as an~eaded, aad appliqtb~e Re~ulstioas tLeraaader; or
; tu) If and ~ lon~ as said note of e~ren date and this instrrmaent ara 1kW b~ t6e Federal Soad,na Comnni~. .
! doner, a monthlychar~s (iu liar oi a nwitgag~e insaranes praatm~) wliteh s1Wl ba in an amonut
equal to one-twelfth (',~s) oi onthal! ( i4 ) per oentnm ot t6e s~rerage uatstaadins balanee dne os~ tbe ,
. note eompnted witkout taki
n~ into aeeount d
d
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q
a
e
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e
s or g
r
q~
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nb;
a - ' (b} A sum equal to the growd rents, ii any. next dae, plns the premiums that wip next beoome -
~ ~ dae and pqyable on policies of tire and other hazard insurance covering t.~te mortgnged P~P~Y. P~~s _
~ t~tzea Rnd assessmenta next due on the mortgageiproperty (all as estimated by the mortgagce) less ~
, , sll suma aiready p~aid therefor divided by the number oi months to ~pse betore one month prtor
? t~ the date when such ground rents, premiums, taxes, and assesaments tAili beoome d
; amms to be held by mortgagee in trust to p~,y said ground renta. premie:ms. taaces, ued
s~pe~i~l ~a~ee~s-. ~
: ' m~ts; and , . .
(c? .AA enb meat3oned in the two preceding aubsections o! this Dara~raPli and ~Il D~y t~
. menta to be ~e
under !he note secured hereby shall be added tog~ether aad the ptr~
te amonnt
_ . thereof shall be psid by the mortgag+or each month in a aingie p~yment to be ip~li~ed b3? the mort- '
s~ea to tbe foUewIa~ it~ems in the order set torth:
• _(t) P~~ ehsr~es wider tJ~s eoaitrset a? inwrane~ wfti~ tbe F~de~al8oudns Qoe~ia~io~wr, or moatl~
~ (n ra~a~ insannoa~~
nm). u th~ e~ae mny be; .
) ~ ts. tue~. as~ao~enb, llra. apd otlier Aas~rd insar~nae premiwosf _ _ _ _ , - - - .
(mj tare~t a~ tbe nots seeared be*ebY; ~d ' -
; - amOttisstiou ot tbe pstntipal oZ said nota . '
Any deaciency in the ~moeunt ot auch aggrega~e monthly~ ~nent shall, ~mlas made ~ood by tl~s -
morlk~;a~r prior to the due date af the aext such ps~?ment. ~terte xa event of defiWt ander thia mort- .
~ The morta~ee rnsY oullect a"late charg~e nat to exe~eed two ornb t?~) ior a~ch dollsr (il) at .
- erch p~yn~t nwre than fliteen (16) d~rs in arreara to oo~?er
the ez~.e~cpenss involved in h~andlias
. delinqae~t p~. - _ . - - ~
, & Thit if the total oi the pprments mule b~r the awrEgaro~r nnder (b) of para~raPli t Pxbcedin~ ~h~'
- ea~ceed the amount of p~ymeats utuatly msde by the mort~agea, ior A?r+ound r~nts. taxes aad ~ta
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