HomeMy WebLinkAbout0607 ..r.• .....c; ~
- --•y---- ~ - - - - • , t : , . . . . . • ! ~ ~
1 ~ ~ • Z 1 1
• \1 ~ ~
• a
. • • ~ •
~ ~ ~ ~ ~ ~ \ ~ I ~ ~ ~ . . ~
~ P~~ ~T~.~~ ~i ~ ' ;:1 . i
;
~ . ~ a ~~~~OA O~ ~ I
the laws oi . 3tste ot' Florids . or order~ the prlndpai aam oi - . ;
- Tffi~l~t T~iOUS~iD, FI4S ~D ds 00/100 - - - - - 13 ~ 500.00 with _ ;
intereet i~an d~te at tha rate oi five de one-Yourth per oentuna ( 5~' 96) P~' ~
annun? on the unpsid balanos untit p~td. The eaid priACipal and intenat shaU be p~?~ble at the o~oe oi `
~ 9TOCKTQ~ ~iEATI~:Y ~ DAYIN do Ca~'ANY ~
in daok~oaville ~ FioMcle? . or at s other pLoe as the
- bolder m~y dcai~nate in writin~ in moath~,y inatallmenta oi ~E'vI~il't'Y-F008 do 66~00
~ ~ Dollara ?4•66 ooaumenc.ing on the lfrst d~? of AOGII3T .1864 . and
on the Arat d~ oi aach month there~iter until the principal and inter~est are iully paid, exoept that the tlnsl
: p~qyment of the entire indebtedneas avidenad hereby. if not sooner padd. eh~ll be dne and paysble on the .
flrat d~r oi JIII.Y .19 94 . _
If default be m~de in the p~?ment a! any insWlment under this no and ii such default is not made
too~ prlor to the due di?te oi the next such inatallmenk the entire princip~ sum u~d aocrued interest shall ~
at once beoome due and paU?able without notice at the option oi the holder oi t~his note. Failure to exerciae
t6is option shsll not oo~atitute a wa~v~:r of the rl~ht to exerciae the same in the event of aubsequent i
defsulk In the event oi defsult In the pa~yment of thia nots. aud ii the aame is oollected by an attorney
~ at Isw,the underaigned hereby agree (s) to p~ay all oosta of eoUection, including a reasoaable ~?ttorney'a ies. -
Preaentment, Prot~t, uid notioe are her+eby wstved. ~ . 1
" ls Stanle~r P. Gerdvil ' ~
~neyr. e vi ~t
_ . ~ , ~
: ~ 181 ~ . '
i
• ~ ~
And sbaII da~s. .~md lhl4i~erto~'m. ~schsr~e. e~cecute. effect. oonnptet~e. uid oonnp~jr with snd ~ i
~ert
-~bd~e b~ e~ch and~ver~ a aNpulatians. agre~nents. eondit&ws, and oovemm~ts o! sai~ note f
~ and oi tbis mort,~a~, thea thia mortga,~e and the estate hereUy crea?ted st?sll ceaae ~and be
•np~~a~ void. .
And the mort~or itirther oo~ve~ants as iolloars: _ '
1. That he wiU p~i the indebtednesa. as hereinbefore provlded. PrlvDe~e is reserved to P4y the
• d~t in whole, or in an amoant equal to one or more monthly pm~ymenta on t~?e principul that are nest dae
on the note, on the flrst day of any mont6 prior to maturity: Provided. however, that written notice oi an
intEntion to e~cercise such prlvileg~e is given at least thirtY (30) days Prlor to ent; and. provided
further. that in the event the debt is pnid in full prior to, maturity and st thap~t is insnred under .
the proviaions of the Nstional Ho~sing Ack be will pay to the mortgag~e aa adjusted preminm charge o!
one per centum (lg6) of the original prlncipal amouat thereof~ except that in no event abaU the adjnated '
11Y
. ~ prr~aium eacexed the ~gre~ te aawunt of premium charg~es wh~ch nvonld h~?ve be~n p~ayable ii the mor~
: gag~e had oontinued to~ b e ~ n a~ured until maturity; s
a c
h pqymeat to b e applied by t6e martga$ee npon its
~ obligation to t6e Federal Honsing Coauniasioner on aooount oi mortg:~ge insuranoe.
2 Tlu~t~ in order more~fuIly to prot~ect the secadty oi this mortgage, the nartg~or, tog~ether rvi -
_ . and in addition to, t6e ment6lypa~ymenta under the terms of the note sec~red hereby, on the flrat day~ ~ I
each month nntil the said note is full,y ps~d. will pa,y to the mor~gagee the iollowing sams: ~ ~
(a) An arrwunt sufficient to prnvide the holder hereo! with fanda to psy the neat mortgag~e
insnrance premium ii this inatrument and the note secured hereby sre inaured. or a monthly chsrg~e
t (in lieu oi s mortgag~e inauranoe premium) ii they are ~eld by the Federal Hoaaing Connnaiasioner, .
- aa iollowa:
(t) Ii aad ao ~ u aW aote~oi er~u date and this inat:m~+a~t ar~ ln~nred or ar~ t~red aader tbs ~
' ' pro~idons oi tl,e Natloru~l Hondns Aet~ an amonnt su~etent to ~eemm~lste in the bands oi tbe hoWer
~ - aa~e (1) mon~tb prior to ih dn4~ate the wnnusl mortgaas inw:anos premtum, in orber to pr~de aoch
t holder with innds to pa~r soeh praminm to tbe Fedaral Honsins Commtubner pnnoant to tUe Natioaal
; . H Aet, ss am~ded, and
app
lieablsR~n
Ltiont thera+indet• or . -
. - "(a) Ii and~aa a~ uid note oi e~nn date and tb3a-instrnax~t u+e ~d tlw Fed~rsl Hoadut Ca~mia
r - dooer. a,~ (in llen oi s mortgaae insaranes premina~~ wbieh absll 6e in an ~t ~
; . . eqnal to tW~) oi orn-half ('K ) Per oentvm ot t1~s avaraas oat~taodins balanee dns aa the
; . ' - nobs aoeapnted withoa! talcina into aeeouot ddinqnsnete~ or Prep~?ymeat~: ;
_ ~ ~ - .(b) A smn equal to t6e ground rents. if any~ ne~ct dne, plns the premiums that w?ill next beoon?e .
~ ~ dae snd~y~
le on polIcies of flre and other hasard insuranix oovering the mortgaged property, pluu
€ t~ce~ ~td -i~seasmenta ne~ct due on the mortga$ed pmperty (all aa eatimated by the mortgagee) less
~ t:~ all snms air~eudy paid therefor divided by the number. oi months to elapse before one month prior
~ r, . to the date when auch ground rents, premiums. tsxes, and asseaamenta wiU beooa~ne delinquent, such, .
` sm~ns to be held by mortgagee in truat to pay snid gruund rents. Premiums, taues, and apec~al assess-
; - . ~t=,- ments;:tnd -
. - ;
~ ~ ) AII ta n~e~ationed in the two preceding subsections oi t6is paragraph and sll pay~- '
~ ments a be e nnder the note secured hereby shall be added to~ether aad tLe ~~re~ate amount -
> 7,=~.: therso~! ahaU be p~id by the mort~a=+or eaeh n~onth fa s single pqyment to be ap~li~ed by t6e mort. +
~ sagee to ths follo~rins ~t~eans in the order set forth: (
. - ~(i) Praeiom ebar~ tiad~r tl~ eoatraet ot iasar~anes~wlth ttM Fed~rsi 8oadat C.aa~e~do~t, oe moa~thl~ • {
~ ~ . e~ s ( i s l
i
s
o o
i mo
r t;
a~
a i n s ar~n~sp
r e m i~)~ at t
L s ea~s ms~ b~; . ~
` : . ~K ( ~rb?~cd. h. and oRl~er }~ard insorsaa pradu~r= ~
c • • (lIl ~OR LM AO~! ~lCnl"!~ ~llTl~i ~ S
, . ~
~ ' ' ' - . (n~ ~unortisst~oa o~ tbs prtndpal at aaid ~ot~. ~ • ~ {
~ A~ delSdency in the anwimt oi suc6 aggregate monthlyp ent shall~ nnlea tnade ~obd b~ the,
~ym h
~ _ prior to the due date oi theN
ext anch pa,~rmenk o~nstitute an ev~t oi defanlt under this most~ ' ~
` ~ mort~aSee maY eollect a l~te chsrg~e' nat to pcoeed two eeab (Y~) tor ea~h dolLr (;1 0~ .
~ p~yment more than Stteen (16) dsys in arresra to eover the extta e~cp~s invohred in h~uad~ns .
: • delinqueat p~ments. ~ ' -
~
~ . E. T6at if the toW of the p~,ymenta made by the mort~agor under (b) oi P~Pb ~ D=~~! ahall `i
~ ~ e~[eeed the ~nount ot nayments actnally msde by the nwrtgagee, ior ~round rent~. taxes and ~us~sme~b
~ . _ ...:r....--..-~_ ~ flil.
R 9 , ~
_ ~ 4 ~~~~.f ~ ~