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Home My WebLink About0628 • ' ' t . . ~ , . _ v i •.3(~ I+bR VnLUE It~ccBtv~. the undsni~aed Pranise(s) to Pyr to ' . , , . J. i. KISlJ1K MORTGJIGE CORPORATIOl1 OF F'LORIQA ' . - oorporation or~snised and exist~ uader the 1~?ws oi the stat~ of Florida ~ or order. the prlncipsl sum oi •-~l.EVEN THOUS~AND ONE HUNDRED FI FTY a~d no/IOOths (i 11.150.00 interest irom date at the rate of FI VE t ONE-FOURTH Pei' ~'?tuni ( S 1/4 96) P~ ~u?num on the unpaid balance untit pald. The asid principsl and interest ahall be p~Ysble at the o~oe o! OBLIGEE in Miaa~i. ~ade County, Fiorida , or at such other pl~ce as the holder may designate in writin~. in nanthly inatsUments oi S 1 XTY ONE a~d 66/ l 00ths DoUara (i 61.66 oommencin~ on the &~t day o! August .186q . and on the ftrat day oi each month thereaftsr uuW the prlncipzl and iaterest are iuU~? P~dd. exoePt that t6e fln~l payment of the entire iadebtedness evidenoed hereby. if irot eooner paid. a~ull be dne snd psyable on the . tirat dqy o! July .1994. Ii default be made in the psyment oi any inatallment uader this note and ii such default is not made ~ood prior to #he due dste of the asxt auch instaUmenk the entire princip~ sum snd ~ccrued interest shsll st onoe become due and p~?able without notice at the option oi the holder oi this note. Fs3lure to exerciae this option shall not oonstitute a wuiver oi the~ ! to.exercise the same in the event oi any sub~equent defaulk In the event ot default in the payment o~ this note. and ii the aame is ooltected by an dttorney ~ ~ et lsw~ the underaigned herebY aSree (s) to pay sU oosts of coDectton, includin~ a r~so~e~ble attorney's fee. - Presentment, protest, and notioe u+e hereby watved. . r; /s/Ill l l taa~ D. Austt~ Mt i l iaa~ 0. Austi~ ~ r: . - l~l!l~+~t Austtn Am J. Aus! i n 4 ADd s~ dllly~ ~+Oi~l~y ~ Al~ ~ jl81'j011q~ ~aCj1AT~@, e7C8C11~ P.~~ COIYI~~ AA~ CO~I~ Nj~ AII~ ~ sbide by e~ch aad every t~e atapulations, agreemeats. conditions, snd oovenants oi said promissor~? note ~nd of thi~ nwrtgsge, t6en this mort8~e a~d the eatate h e re by cres t e d s h a ll cease a n d b e n u ll a n d v a i d. ' And the mortgag~or further coveaanta as follows: 1. 1~u?t he ~v~l ps~y the indebtednesa, as hereInbefore provided. Privtleg+e is resen?ed to p~y the debt in whole, or in an amount equal tu one or more monthl,y paymenta on the principul that ue ne~ct due - oa the note. on the lirat day of any? month prior to mAturity: Provided, however, that written notioe of an ~ intention to exerciae auch privilege is given at least thirty (30) daya prior to pre t; and, provided ~ further. that in the event the debt ia paid in ftill prior to, maturity and at thst ~is insured und~ , the provisiona of the Nataiunal Housiag Act~ he will pay to the mortgagee an ad,~uated premium char8e i . one per centam (196) of the original principal amouat t6ereQi. except that in no event shall the adjnated . premium e~cceed the ggre te amount of premi~un charges wh~h would have been p~?able ii the mort- i gag~e had cuntinued toa be inaared until maturity; suc6 payraent to be applied by the mortgagee upon its ' obligation to the Federal Honaing Commissioner on acoount of mortsage insuranoe. Z. That, in order raore fully to protect the securlty of this mortgage, the mortgagor, toget6er with sad in uddition to. t6e menthly p~yments under the terma of the note aecured hereby. oa the flrat day o~ each month until the said note ia ful y patd. w~ll paq to the mortgagee the lollowing sums: (a) An amount sut~cient to provide the holder her~of with fimda to ps~y the nest mo~tgsg~e - insurance premium if thia instrument and the nots secured hereby are insured. or a monthly charg~ . ~in lieu of a mortgag~e inauraace premium) if they are held by the Federal Housiag Commissioner. ` as followa: . (t) It and w bAg u ssid note oi ev~ date and tbis insteument sre' insnred or are reinsured onder ibe providons of tlk Natiw~sl Housina Act. sn anwunt sumdent to aamm~lste In tbe hands of the }alder one (1) month psior to ib dne date the snnnal aartgaas ina~ranae premium, in order to provide ~neL s botder with innds to pa sncb preminm to the Federal Hoasing C~omnnissioaer Parsu+?nt to the National { Eo~~ Aet, as ~ed, snd wpplkable Be~u4tloni t6ermnder • or : (u) If and ~oloaa as uid uote oi even date snd this inslrnmeat sre be~d b~r tbe Federal Hondng Commis- i ~ aioner, a mont61 (is lian of s aartgage inmranos premju~) wb7ch shall be in an smoant eqnsl to o~tL (~+fis) oi one-hslf (~ili ) per eeatmm oi tLe averag~e ontataadins bslanee dus a~ tbe note o~mpnted witbont taNns into aeooant delinquendcs or prapsyments: ~ ~ (b~ A aum equal to the ground renta. ii any~ ne~ct due, plus t6e preraiums that will ne~ct bec~ssne ` ~ dae sn paystble on poUcies of flre and other hazard insursaoe oovering the mortgaged property. plns ta~cea and asseasnnents neut due on the mortgaged property (all as estimated by the mortgagee) laa ~ aU swns already paid therefor divided by t6e number. oi montha to elapse before one month prior to the dste when such ground _ renta, prezniums, taxes, and assessmenta wiU become delinquent, auch awns to be held by mortgagee in tr~st to p~y said ground renta, P~~, taxea, and special assees- _ menta; aad _ ~ , (e) All ents mentioned in the t~vo preceding subsections ot this paraQraph and all p~y- . . ments to be n~under the note secured hereby shall be sdded tog~ether u?d the aggre~~t~ aawunt ~ ~ thereof ahsU be paid by the mortgag~or each month in a single payment to be sppli'ed by the mort- ~ ; ~~agee to the iollowing itema in the order set iorth: . - ' ; (z) Pnmiam e1u~r~es nnder tbe eo~traet ot inanranas wit~ tbs Federal Soodn~ Com~nirioner. or aaoa~thl~ 4 , e6ar~s (in lien ot mort~ace insaran~e preminm). as !ha ea~s mu~ be; : ! , (jt ~oand tmits, tases, a~a~t~. A~ aad othet ~srd insnraaee P~~; , ~ , (m tet~est oa tbe Aots ~eeared Letebp; and ~ ~ (n sawrtisation ot tbs prineipal of said note. . € ~ " ,An~ deliciency in the amount of aach aggre8ate mobthly ~ayment ahall, nnlen made ~od by the , mortQagor prior to the due date of the next auch ps~}rment, ounstitute an eveat o! dei~nit nnder this mort~ . ~~e. ~'he mortga~ee m~Y eullect a"late charge' nat to ~acoeed tv~ro cenb. (2t) tor each doliar (il) o! - ~ each p~~yment more than fliteen (lb) daya ia srreara .to eaver the eztra eacpeu~e involved ia haudlia~• ~ delinqa~t p~,ynnenta. . ~ S. Tbat ii the totAi oi the psyments m~?de by themort~agor nnder (b) of pu+t~spi~ 8 Pr~eoedint shill ~ exoeed the amount of payn~ents actually aesde by the mortgaS~ee, for Rround rents. ta~ce~ snd asse~nenb ~ i A. ~ ~ • Q ~.j-~ 94 r~cE 27 ` ~ .