HomeMy WebLinkAbout1541 - • _ _ - _ . . . . '
' ~ ' . . ~r 1~~1 + J {.i
_ ~ ~ ~ ;i
. , . . , i~
P+oR v~.us•x~c:s~va~ the un~deni~n~d rranieec.~ oo ri?~ m . .
. . ~i
~ ~ YgA'1'I~Y~ nIYIN ~i ~QII'A~1! ~ . ~ ~ • ,
.
' . a corparatioa or~e?oised and ezist~ns nnder
~iQ ~iw1i O~ S~tA OY F10Z`~db ' , O! Ot~'j ~!0 pZ'tRCi~l ~ 0~ , f t
Dollara (~13~000.00 ~ ~ t
'1~[RT~TS~&A~iDd~00/100•-.----•----- •
inte.rest irwn date at the rate of f`iTe b ooze-~fourth per o~citnm g} ~6 ) Pei' i ~ _
- snnum on the aapsld bsia~noe antil p~?id. Tl~e aaid prlncipsl and intere~t shan bs ptllnWe at the dl~oe ai' . ~
~ . : . 8~~ 1iB~TI+BY~ ~IYIM~ & ~~tTY
. . . ,
~ Jaokeoav~lle, Flarid~ . oc at sacb o~r plsa ~s the i;
holder m,
y d
e s i
g
a ate in wri
t
i
n
g. in month~y inatallments ai SSPI~1'1'Y-~ b 89/tOQ----= . ~
DoUara _ti 71.89 coa~naencin~c on the flrat day oi JoL~C .19 64 . a
n
d ~
on the firat d~y of esc~t month thereaiter antil the principsl and intereat are !'n14 paidr e~ooept.~hat the Pooal ~ 1
E p~yment oi the entire indebtedness evidenoed hereby. i! ~ sooaer psid, ah~U bs dns and p~yaWe on the j.
; flrst da~ oi ~ - ~ .19 94 . - . ~ '
~ Ii deiuilt be m~de in the p~ymeat oi ~yr installaneat nnder this no snd ii st~cb defiwlt is not nwde
t~ R~r to the due date oi the next such inataUm~t~ the entir~e princip~ aum ~wd ~ocrued iater~at shall ~
st once beoome due and p~,lrsble wlthout notke at the~i
on oi the holder of t6is nota Fa~lure to e~cercise
° this option ahsll aot oo~natitute s w~ivcr oi the ~t ~o ezercise the ssme in the eveat o! ioy aubsequeat ~ ~
deisult In the event of default in the p~yment o this note. and ii the a~nae is ooltect~ed by an attorne~ •
a! lsw,tha nndersigned herebY ~reeta) to p~y ~il aoats ai oollectiwo, i~~cludia~s re~onab~ sttoraey'a fea
" Preo~eat~nen~ parotest, and notice are hersby rnived. . ~
. . _ . . ,
4 .
` . 1.$,~ ~ia ~u = ~ - .
~ -~~.a-~-~~-- ~ .
y' . ' . • . . . ' . . .
A . . .
- ~ _ ; . _ , . - 8 Hel6a~i A~le@ll • - .
, ~ _ . _ . , Helen Aar$el : . .
~ ` And abaII dal~, prom~?, ~wd fa14 P~~, ~~e. ~P~t0. and oomp~ wlth and
tbide by each and~ver~ e attpnlationa, igreements. conditions, and co~nts oi add p~ro~~3s~or~ note ~
~nd ot this mortg~, then this mortgqg+e snd the estatc hereby crer?ted sh~il oe.yse and, bs nnli and ~o~d. . .
And the mortg~o~r farther covensnts as.fouowa: . ;
1. T6at he wDl pr~y the indebtednees, as hereinbeiore pa+ovlded. Privileae ~s rese~rved to psy the ~ ~ 1
~ ~ debt in whole. or in an amount eqnal to one or more nwnthl,y~ peUrmenb on the prIncip~l tbat are.nest dne -
: on the note, on the rirst day ot aoy month pri~r to maturi
t
y: P
r
o
v i
d
e d, h
owever, t
h
a
t w
r
l
t
t
e
n no
t
ioe o
i an
• - intentan to e~ceniae such privilege is give~ at least thirt3? (80) d~ra Prior to Pe'e~m~yment: and. Pr~vided r.
~ further, that i~ the event the debt is paid i
n f
u
l l p
r
l
or t
q m~
t
u
r
t
t
q a
a
d t t
6 a
t t m a
e i
t i
s i
n s
u r
e d n
n
d
a
r
- the prov~aions of the Nstional Houaing Act, he wiD p~y to the mort,~agee sn ac~asted premium charBe od ~
~ ~ o~e per oentwm (19~6) of t
h
e oxi8'inal Princi
p
a
l amonn
t t
hereo
f~ e~c
c
o e
p
t t
b s
t i
n no even
t a
h
a
ll t
he ~
d
jna
t~ d
. premium exoeed the~ega
te amount of premium ch~a which ~rould hsva been p~y~?ble if the mort-
aag~e bad oontinued to be inaur~ed unta7 maturity; s~ch p~ym~t to be a~d b~ t~e mor~agee npa~ its .
' obligation to the Federal Ho~sing C,ommiasioner on eooount o! mort~?a~e in~ranoe. ,
. 2 Tbst, in order moY+e fuUy to Protect the seairlty of this niortgage, the mortsa?t~or. te~etbee' v~i
and in addition to. the menttily ta under t6e tsrms oi the note secured ti~reby, on the Srst day~ .
e
~
r
c
h m
a
n
t
h u n
t i
l t
h
e s a
i
d n
o
t
e i
a~
p
a
i
d, w
i
ll p
a
y t
o t
6
e m
o
r
t
g
a
g~
e e the follo
w
i
n t aums: .
~ '(a) An amoant sa~cient to provide the holder hereo~f with iimds to pa~y the nest mort~a8e
. inaurance premium if thia instrument and the n~ secured herPby are insurecl, or a monthiy charge -
. (in liea of ~ mortgag~e inauranoe premium) if they are held by tt~e Federal Hoasin~ Commiasioaer,
. as follows: ~ . . -
(t) ~ Ii sad so laas as ~sM note oi e~re~ dste sad ~is inslromsat ara i~wred ~ ars re~nsored m~der tM
pt~isions oi tbe Nstional Hoas~ns Aet. aa amoaat wmd~t to ioeunwlate in t6s luwda o! tbs lroldar -
am~ (i) nwntb prior to its dae dste the aaaoal mort~a~s insoraaee premtom, in o~t~der to ~~ndt
am
holder with iunda to ps~r s-neh peeminm to ths Federal8omins C.om~Ldoaet pnrwant to Natioasl . • -
• - Hoodns Act, as a~, and ~Fplkabis B~~ tLere~nd~r' .a~
~ (n) Ii and ~ bn~ as a~id note oi eves dste aad insdrnn~at wrs bs~d t5a Fledssal$~asin~ Oo~-
. . sioner, mo~n~Iy (in tieu of a mort~ inwra~s pnmiua~ whieh ~sU bs ia an amoant
equsl to aee~tw~eliti~) ot o~hali ('K ) Per eeat~mn a~ tbe a~rers~a o~taodi~ balanes dos oa t~ :
. . nots eomputed wittioat taktn~ into aeeoont dettnqoeaeja o! p~epyiseab: .
~ .(b A aum eqnai to the g~+oana rents, ii sny, nest ane, plns the pr'e~tams t~?,~t win ne~ct beoome
. dne ~p~y
able on policies ot 8re and other basard insnrasroe eov gthe m~ortsa~ecl Prop~rt~?. Plus -
tsses snd ~asessments next due on t6e mort~sged (all as~ e~timated by the aart,sagee) las -
aD sums a1r~dY Pa~d therefor divided by the n . ot months to eLpse before one month prlor
. ~ to the dste when sncb seound "rents, ~miuma, ta~ces, and aes~ta w~ll beoome delin9neat~ anch
saans to be beld by mortg~ee ia trust~ to P~4Y ~1 ~~ts, ~~mns. ta~cas, and special assees- - -
- me~ts, and ~ ~ ,
~ ~ - (e) AII p~yme~b mentioncd ia' the two preoedin: snb~eetiau of t6is psn~raph snd all p~ -
' ntenb to be made nnder the nate seenred hereb~ shsll be added tosether and the p te amo~mt ~
-thereo~t shall be prud by the nart,~g~or ~ch month in a sin~le p~nent to be a;p~p~l~~ the morw
~ . ~a,~ee to the followins items in the order aet iorth:
(i) Pr~mims ehar~es nnder ths oontrset a~ t~ara~a witL t~ F~deral Hauia~ Qoeo¦sta~ioa~, a: mo~thlp
• (ta lka oZ mo=tss~e iawrae~ ~ ai t5a ew a~a~ bej
' (u s~reab. ta~cea. a~ae~eat~.llre. ~ot6er ~asard ~ ~f • .
. ' ~imir~ ~amo:tis~ioa Qt PtiAdPal a~ ~~iid ~at.~i. . . . ~ . ' ' . ~
• ; Atpr delkienc~? in the amount o! sneh a~gregste mont4u? eztt a~saU, unler made tood b' '
t~o~ prior to the dne date of the next snch pa t, a~aa ~reat oi dtetault m~der this ~
a~~ - Th+e mortsasee . m~y eollect s"late not to e~ceeea two oenb (~3 ta~ e~ch dollar (;1) e[ ,
; ~ p~rmmt more tlun ~fte~ (lb) d~s in srresn to ~ove~r the aactrs apea~e inv~red in h~tudiiat
F . . • ~ ~ _
f~ . S. 1'6at ii the t~tal of the p~,ymenb madeby the ~r~o~rt~o~r andes (b) c[ par~it~?ph S preadint sbaII`;
~ ~ eReeed the amount oi p~,~?ments actwliy m'?d+a by the nart~aaee. for ~d rarts. tasaa snd asswm~eab
p~~ .
` ~ Bi~K ~ ~ f~tt e~~~
~ ~ ~ . -
~ ..~.e-_.~.._.~ _ -