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Home My WebLink About1400 . ! ~ , ` ` . . _ ; . i. • :i Pb~ Vni.tla R~iv~. the andetsiS~ P~'?~(s~ ~ P+U? ~ J. I. KISLAIC 1rARTGAiGB CORi~ORNTION ' ~ ~ O~F FIABIDA . . ~ ~ ~ , ' - . ~ . . a corporatton organised aud exiating under ~ i the lsws o! Florida , or order~ the princip~l aum oi ~ ~ -.--•BI.BVEti 1~i0USQiZA FIVS HUNDRBD aadno/100ths Dollus ti 12, 500.00 with ~ interest irom dats at the nte of FIVB ~ ONS-FOURTN per antum ( 5 1/4 96) P~' . annum on th~e$ nps~id8 baiance unttl psid. The aaid prlncipal and interest ahall be p~1?able at the o~oe o~ ` LI ' ~ in Miami, Dade Couaty, F lor~da . , or st euch other place aa the ~ holder m~y deaignate in wrltin~, in monthly inataUmenta of --SIRT~i TNREB and 60/~OOthe ~ DoUara 63.60 commencing on the 8rat d~y of July .1864 . And on the ftrsL day of each month thereafter antil the princip$1 and intereat are fully p~?id. eucapt that the flnal ~ p~yment of the entire indebtedneaa evidenced hereby, if not sooaer paid, ahall be due and pwysble on the ' firet day of June .18 94. ! ' Ii default be made in the pa~yment of any iaataUment under this note and ii auch defaWt ia not made g o o d p r i o r t o t h e d u e d a t e of th e next auch installmen t, the entire prlnci p a~ aum and accrued intere~t ahall } at once beoome due and p~yable wittiou~ ~:~tice at the aption of the holder of t h is note. F a i lare to exer~ise ~ this option ahall not constitute a waiver of the~ t to exercise the same in the event of any subsequent ~ f defaulk In the event of default in the pay~nent o~ thia note and if the same ia collected by an attorney st law. the underaigned herebY aSree (s) to pay all oo~ts of ool~ection, incladiug a reasoaable attorney's fea ~ PrGSentment, protest, and aotioe are hereby wsived. . - ~ ' /e~ ~Bichard Frank Wolf _ Richard Frank Wolf _ ~ _ /s/ 1Garen R.. ~lolf , . ren . _ ~ . • l~ And ahsA dnb?. P~a~y . and !'at~ Perlorm, di~CliarB+e. execat~et~e~e`a~iplets, snd eemply ~?Ith snd - sbide by ea+ch sad every t~e atipulations, agx+eements. conditions. and covenaats of aaid prnmisaory note ~ and of thia mortgage, then thia ~aortgage and the e~tate herebq created shail cease and be null and void. _ ' And the mortgagor fuither co4enanta as foUows: 1. That he w~l p~y the indebtedness, a~ hereinbefore provided. Privlleg~e ia z~eaerved to pay tha ~ debt in ~rhole, or in an amount equal to one or more monthly p~aymenta on the princips?1 that are next dne ` on the note, on the flrat dsy of any month prior to maturity : Provided; however. that writtea notice of an - intention to exercise auch privitege is given at least thirty (80) d~ys Prior to pre~ayment; and. provided---`'l - further, that in the event the debt is paid ia fiill prior to, maturity and at_ that time it is inanred nnder the proviaions ot the National Housing Act, he w~l pay to the mortgag^ee an adjuated premium charge ot ~ one per oentum (igb) of the original principal amount thereof, except that in no event ahall the adjuated premium exceed thea~gregate amount of premiumchargea wluc~t vrould hav~ been p~ayable.if the mort- - gag~e had continaed to be "uisured until maturits; snch p~?ment to be appUed by the mortgagee apon its ~ obligstion tfl the Federal Housing Commiasioner on acxouat of mortgage_insurance. 2 Ths~ in order more fuUy to protect the security of th~s mortgage, the mortgsgo'r, together with, . and in ~d.di~on to. the menthly ents under the terms o! the note secured hereby. on the Rrat day ot ~t month until.the said note is~y p~id. will pay to the mortgagee the following aums: (a) An amount an~cient to pravide the holder ~hereof with fanda to pay the next mortgag~e _ iuanrance premitma if this instrument and the note aecured hereby are insured. or a monthiy charge (in lieu oi a mortgage insurance premium) if they are held by the Federal Housing Commiaaioner, aa followa : ' ~ ~ ~ ` . - ~ (y Ii and w lm~g ss said note of ev~ date and tbis instrunieat ars insured or are reizuured nnder !he ' provisions oi the Ns~onal Honsing Asl. s~n unooat sv~dent to a~oeumaLte in twe hai?ds o! the hotder ~ on~ (1) month prior to its due date the annual mor~a~ inaaranoe preminm, in order to provide sach : holde! with tpnds to gsy a~ueh premium to the Fedenl-H~using Com~iado~rpnrsuant to tLe Nationat a Ha~sin Act, as aaseaded, and spplicable Re$ulstions therennder• or ' t (n) If and so~ons a!i asid note of even dsbe and this instrnm~t are hefd the Fedenl Houdng Commi~- _ sioner. s month~7! (in liea of a mortgag~e insaranee pretniunm~ wliich shall be in an amoant equal to one-tMelith~j of one-hatf per oeatnm oi tLe aceraae ontst~nding balanoe dus on the note oempnted without tdcing into aaonnt ddinq~tendes ot P~Y~~: " ~ ~ (b) A sum eqnai to the g?roand renta. if any, neat due, plns the prr~e~minms that will next becozne ~ ~ ~ due and p~,yable on policies of Sr~e and other hazard inaurance covering the mortgaged pmpertq. plus F tazea and aasesaments next due on the mortgaged properqr (sll aa eatimated by the mortgagee) less ; ~ all sums already paid therefor divided by the namber of months to elapae before one month prlor ~ ~ ~ to the dste when auch grouad rents, premiums, ~axes. and asseasmenta will beoome aelinqueat, snch ~ - . sums to be held by mortga,gee in trust to paY aaid ground r~nts, preauuma, taxea, aad specaal stseeaa- E . ments; and - . (e) Allpsym ents mentioned in the two preceding anbsections of this paragraph and ~11 p~ty- . - ~ menta to be made ander the note secured hereby ahall be added tog~ether and the te amount ~ thereof ~Lhall be p~id by the mortgag~or ea,ch month in.s singie p~yraent to be app the mort- ~ ~agee to the iollowing itmas in the order aet iorth: f (t) Pre~ailam ehar~es and~er tbe eontraet o! insnraa~es wlth tha Federal Hoadns C~oem~ni~iianer. or moathl~ ch~r~s (ln liea of mortgsge insaranee premiran), as tLe ea~e ma~ be; € (tt) ~nd re~ts~ tasey aaes~seab,llr0. aad otLer hwrd fnsnsanoe precr?iiams; - ' (m) intei+est on the note ~eenred herebY: and rec , ~ +est k : . (tr) amostisation oi the prindpal of aaia nate. , . Any de~fciency in the unount u! such aggreg~te monthly ent ehall, miless made ~ood by the ~ • mo ~agor prior tfl the da~ date of the next auch pa~?ment, co tute an event of defanlt under this mort~ ~ ~~g+e.r~ T6e mortgagee msy eollect s"Iste charge' not to exceed tao cents (2~) for euch doU~ur (~l) o!. ~ ach psyment more t1u~n riiteen (16) days ~in arrears to caver the eztn ezpense iavolved iu handling delinquent psyments. ~ 8. Thst it the t,o~sl oi the pa~qm~ts n~de by the awrtgagor under (b) oi Para~raPh 2 Preoedu?e ahalt eatoeed the amount of pa~yments u~tually made by the mortga8ee. ior gmued rents. taxea snd asseaame~nts ~ ~ = - . ' 90 ~~19~ ~ . ~ ~ ~ ~