HomeMy WebLinkAbout2424 - - - _ . ~
j . r ' . t;
• • , , ,
.
. -
, -
Fo~t V~?t.vs I~~tr?mr t~rs a,derai~ned promiae (a~ ~ wu? ~ . .
' ' STOCIC'1'~ ~ MHdTWsR ~ D~VII~ d~ C~ANY ~ .
~ a corporat;oa o~ni;ed and existin~ w~der
, fhe laws oi stste or Flor3da , or orde:, the princip~l snm oi
~ ~SLYB TBOIISJIND, N]Ii~ HONDRFD b 00/100 - - - - - - Dollsts 12, 900.00 ) ~
~ 3nterest &om date at the rate oi fYve ~ one-t'ourth per aenhnn ( 5} 96 ) P~ ~
; ~wn~m on tha uapaid b~lanos m?til paid. T!?e eaid princip~l and interest ahaU bs payabk at the o~oe oi
STOCKTQt, 1~ATLEY~ DAVIA da CQ~ANY
in Jacksonville ~ Florida . or, at auch other plaoe as the .
holde~r msy deeiawwts in wrltin~ ia aantC~Y installments oi SBSTffi1TY-Q~S ~ 34/~
~ Dollara (i 71•34 ~~i?'t on the "flrst ds~r a~ JULY .19 64 . sna
on the ftrat d~y of each month theresftet unt~l the prlncip~l and interest are iu1~Y Putd, esoePt th~t the ifnsl
' payment oi the enttre iadebtedness evidenoed hereby. ii nat sooner prid, ahsll be dne and p~yabk on the
Rrat d~y oi J~iS .19 94 •
It default be made in the pa~rment oi aay instaUment under tbia ao~,e~ aad ii auch default is not made
~ood prior to the due dste of the t~ext auch inatsllment~ t6e entire prlncip~l aum and ~ocrued Inter~t ahall .
st once beeon~e d~e and paU?sble without nottce at the option oi the holder o! this note. Fsilurs to exercise
3 this option shall not conatitute a waiver of the rl~ht to e~cerciae the s~me in the event oi any aubeequent
defsulk In the event of default in the p~yment oi this note, and if the a~me is oollected by an attorney
st Lw, the underaigned herebY a8ree (s) to p~ay all ooats oi oollection, i~tudin~ a i!easona~le attornay's iea
. ,
Preeentment, Pi'ot~t, sad notioe are hereby wstved.
. _,~s~ Kellieca~ T. Condcaa _ ~
' gellieo~n T. Coadun i
~ af't
~ z=.
_,_,(e/ Este~e J, Gandan ~
Bstelle J. Caaudoa ' ~ . ` .
And s6ait dnb?. p~+om~1'. and i~lb Pertorm. dischszg8. execnte, ~ect, eo~plets. snd oomp~y wlth and
. abdde by e~ch and t6e stipulations. ~greements. conditions, snd eovenants oi said pramissar~--aote -
~u~d of this mortgage.~~then this mortga~e and t6e estate he~eby_ ~ated abaA cesae and be nnll and v~oi~~
And the mortgag+or iurther oovenants as follows: -
1. Tbat he w~l p~sy the iadebtedneas, as hereinbetore ~+ovided. Privileae ia reserved to p~,P the -
debt in whole. or in an amonnt equal to one or more monthly paymenta on t~e p~rIndpal thst are next dne
on the note, on the ftrst da~Y of u~y moath prior to maturity: Provided, however, that written notioe oi an
intention to ezercise sucn privilege is given at least thirtY {SO) dsya Prlor to p~+ep~mneait; and. Pmvided
furt6er, thst in tlie event the debt is psid in fall prior tq maturIty and at that time it is insured under
the pmviaiona of the National Honsing Ac~. he will pay to the mortga,~ee an adjnsted premium charSe of
one per eentnm (196) of the original principal amount thereof, eneept that in ao event sball the ~djnated '
premium exceed the te amount of premium chargea which wonld hsve been p~ysble if the mor~
gsge}~ eontinued toa~ured until maturity; auch ps~rment to be applied by the morEga,gee npon its
- obligatibn tfl t6e Federal Honsing Commiasioner on aocount oi mortga~e in~ariuioe. • = 1
2. Thst, ~n order more fuDy to protect the securlty of this mortgag~e, tha mortgagor, tflgether wit~ ~
snd in addition tfl, the menthly p~~menta under th~ terms oi the note secured hereby, on the Srat d~y oi
e~rch month nntit the said note is fully paid, w~l p~ay to the mortgag~ee the following snms: = I
y ~ (a) An amount anfficient to prnvide the holder hereo! ~vith itimds to pay the ne:t mortgag~e , _
inaurance remium if this inatrument and the nots seaired hereby are insured, or a month~y charg+e
re
(in liea o a mortgag~e inauranoe premium) i! they are held by the Federal Housing Commiasioner,
as followa: " ~ ~ ~
(t) I! iwd ~01.~ a said nMe oi aven dst~ sad tbis instrun~t ars iesnred or ats reinwrsd nnder tbs ~
pro~idons of tbe Nationsl Hondr?g Aet, aa ~u~oont ~t to aeeumulste in We haads oi tha bolder ~
oae (1) mon~th pzior to ib due dste the snnnsl morttass~
C~nm. in order to pro~Ws sneh :
bolder with fond~ to pa sneh yreminm to tbe Fedaral S pnisuaat to tbe Nstio~sl .
8 u~~ spdats~and~inrm~a~~
t~ars~6e~d~ t6e Feder~l Hond~ Oommia
(n~ Ii and~ as ~tid no#e oi e~ren b~
siuner, s mo~~~y~ss~ (in lien oi s nart~sse iawranes pt+aain~) ~rbieh ~hali be in sn amoont
. equal to a~re-
wdtth ot oAthsli (~K ) P~r oeatmn oi tbe a~r~era~e oa4taudint b~lana dus on tLs
, . ~wts eolnpnt~d aithOnt talduus iuto aa0ouat ~ or plbps~n~nt~i . .
4 ~ ~(b A wm ~qual ts the gron~rd renta, if aoy, ne:t dn~ plus the pramiwms that wIU next beoo4ne _
~ dne ~ pa~yab2e on policies oi 8re and other hasard Insursnoe oovering the mortgs,8ed P~P~Y. Pd~s
~ taxea an~ assessments next due on the awrtS~?8~~roP~Y (aU as est~tm~ted by t6e morxga,~ee) lees ~ ,
sll nm~s atrea~dy puid t6erefor divided by the nnn~ber. ot months to elapse before one month prlor -
~ to the dste ~rben such amund rents, P~~, ~es. iad asseasmenta wjII beoome deffiuluent, snch
ann~s to be held by mortg~ee in truat to pay aaid ground rents. premiums, tsaes, and apecial assess-
- meata; and
. (e) An ayments ,nention~ in the twu preoeains anbeeetions oi thL pari~raph sna an pa~?- •
me~aats to be a~?de u~1er the aote aecured hereby shsU be added torether and the te an~ou
t
th~reoi ahsU be p~d b~ the mort~ur esch month in a sinsle py?meat to be a~~ the most-
~ s~ee to the foDowint items in the order set torth: •
(t) premiou~ ehsrps w~der tbs eoati~et ot iamr~ne~ with tM F~deral Howiu~ Come~i~dooe~. ae a~oatLt~ •
du=~s (iA lian c~ natt;a~e insorame~r~miom). a~ th~ ase assy be;
. (n ~ronnd rewts. t~~es. s~eata, ~+e, aad other has~ra iasnnna pre~d~;
- (i~i?~ mso~~
~
~ ~
wd aaRt • . .
• An~ desd~? in the amoant of ~nch ~reQate monthlyp~m~
t alt~tll, ank~s made ~~ood b~? t6e
A~
prior to the due date oi th
Nnext such k eonatitute ~n eve~t oi de~au~t m~der this mo
~ ~
` mort~~ee ms,y eoUect a late ' not to eocoeed two eeab t?~) for each dolLr '
r a~ch p~tyment more than flfteeo iib) days in arreua to oaver the eutra ezpenss invohr~d in hanid~in~ ~ L
~ delinqnent P~U?m~b. ~ - .
F 3. Tbat ii the totsl ot the payn~enb nwk by themort~or nnder (b) oi p~ra~raph 8 preoedint s6aD
~ ea~oeed tl~ ~nt ot v~ymen#s ~ctwlly made by the mortsa~ee. ior sroand rer~ts. tues and ~e~ab
f ' ~~oa~ - 92 s'f 2~ f,
a ~
-
~ ~
- - - -