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Home My WebLink About0771 ~ ' • ~ ~ . + ' , a , , 1 y' ; . ~ ~ ~ t., :1 # r Fo~t Vnt.t~a ~v~. the uAderaigaed pro~niee(s) to PsY , 91'OCK'i'QN, 1dHATLEY, IaAQIN da COMPANY • , ~ a corporation organiaed and existia~ under, ; ~ the laws oi Sta?te of Floricla . or order, the principsl aum of FI~E~Qt Tsa1sAND, Flvs SWIDRED da o0/100 Doll~urs (i 15~5~•~ )~with ~ interest from date at the rate oi five d~ one-fourth per oentum ( 5~ 96) per ~ ; snnum on the uapaid balance until p~?id. The said principal and intereet ahall be pqy~ble at ~the o~oe of ~ 11- F~~ DAYIN & C~IIPANY ~ in Jacksonvi e, a~cida . or at auch other place aa the , holder msy desigaate in writing. in nwnthly inata~llmenta oi II~ ~ 72/100 ~3 Dollara 85.72 aommencing on the ftrat da~y of AIIGIIST ,19 64 ~ snd ~ on the ftrat day of each month thereafter until the princip~l and intercat are tuUy paid, euoept that the flnal payment of the entire inc~ebtednesa evidenoed hereby. if not sooner paid, ahaU be due snd psyable on the ftrst day of JOI,Y ,18 94. If default be made in the payment of any inatallment under thia note and if.auch default is not made ~ good prior to the due date oi the next auch installment, the entire princip~a~ aum and accrued intex eat shall . at onoe become due and payable without notice at the option of the holder of this note. Failure to exerciae ~ thia option aht~ll not conatitute a waiver of the ri~ht to exercise the same in the event of any subaequent defaul~ In the event of default in the payment of this note. and if the eame ia collected by an attorney ~ i ~ st law. the underaigned hereby agree (s). to pay all costa of oollection, including a r~asonable attorney'a fee. ~ Presentment, pr~test, and notioe are hereby waived. ~ ._.,~s1 Harold P. Risley ~Sa ol . sley _ ~s~ I3~~aret D. Risley rSeucgaret . s ey - . ~ , • - . - . : ' And atu~Il du1Y. p~+oa?pt1y. and fal~ PeY'forn?. diachi+r8e, execute, e8'ect. oo~nplete, sad oomply with and ' . sbide by esch and every the atipulations, agr~ements. conditi~~ns. and covenanta of aaid pmmiasory note aad oi thia mortgage, then thia mortgage and the estate herel~y cre~~ted a6all ceaae and be null and void. And the mortg~or further oovenants sa follows: 1. That he w~l p~,Y the indebtednesa, as hereinbefore pmvided. Prlvllege is reaerved to Fay the debt in whole, or in an amount equal to one or more mont6ly p~yments on the principal that are next dne ~ on the note, on the tirst day of aRy month prior to maturity : Provided, however, that wrltten notice of an - intention to e~cerciae such privilege ia given at least .tLirty (34) daya prior to pre~yment; and. pmvided " inrther, that in the event the debt ia paid in full prior to, maturity and at that tune it ia insured under ~ the provisions of the National ~iousing Ac~ he will pay to the mortgagee an adjusted pre~?ium charge of oae per centum (196) of the original principal amouat t6ereoi, except that in no event s1iaU the adjusted premium exceed the aggregate amount of premium chargea which would have been payable if the aiort- ~ - gage had continued to be insured until maturitr; snch payment td be applied by the mortgagee npon its ~ obligation tfl the Federal Housiug Commissioner on aooount of mortgage insuranoe. 2. That, in order more fuUy to pmtect the security of thia mortgage. the mortgagor~ together with, and in addition to, the mentlily payments under the ternia of the note secnred hereby, on the first day oi each mflnth unt~ the said note is fully paid, will pay to the martgagee the following sums: (a) An amount sufficient to- provide the holder hereof with funda to pay the next mortgage inaurance premium if thia inatrument and the note aecured~ hereby are inaured, or a monthiy chsrg~e - (in lieu of a mortgage insurance premium) if they are held by_the Federal Honaing Commiasioner. as followa : It and so long aa said note of eve~ date and tbis instrnment are insnred or sre niniured ander tLa ' proviaions oi the Nstionsl Honsing Aek an amonnt safficient to ao~umnliate in t6e hands oi t}ie holder ~ one (1) month pdor to its dne date the aannsl mortgag~e inwranoe pnminm, in order to provide sn~h ~ Mlder with funds to pa sa~h premiam to the Federed Honsing Commi~sioner pnrsuant to tke Nstional - Housing Aet, ss ~id. and applicsbb Iie~alstions t2~ereunder: or ~ (a) Ii and so baa aa said note oi even dste and t~s-inatrnment ue held the Federal Honsing Commis- aioner, s monthly~ eharg~ (in lien oi s mortgage insannoe premina~~j whieh alull be in an a~nonnt ~ equsl to one-twelith (yis) oi one-hal! ('~r ) P~r oentum oi tlK svera6e ontstanding balanoe dne on the note oompnted without taiciag into sooonnt ddinqneneIes or Prep~?Yments: ~ • (b) A aum equal to the gronnd rents. if any, neat dn~ plna the premiums that will next become ~ ~ . dne and payable on policies of flre and other hazard insurance cavering the mortgaged property. plua tsxea and assessmenta next due on the mortgaged property (all as eatimated by t6e mortgagee) less all amns alreadY paid therefor divided by the number. of montha to elapse before one month prior to the date when such ground rents, premiums, taxes. and assessments wi11 become delinquent, such ~ . - anms to be held by mortgagee in truat to pay said ground rents. premiums, taxes, and speciul assess- menta; aad (c) AIl payments mentioned in the taro pre~eding snb~ections oi thia paragrsph and all pa,y- ~ ments ~so be made under the note secured hereby shaU be added together and the aggregate amount thereoi ahall be paid by the mortgag~or each month in a aingle p~yment to be applied by the mort- ; . ~ gag~ee to the tollowing itema in the orrler set forth: (i) preminm chargei ~nnder the oontract ot insnraaea with tbs Federal8ondna Coaomisrioner. or montht~ : • eha (in lien oi mortg~ge insaranoe premimn), as tbe esse msy be: ha ` (tt reat~ tazes. assessments. Sre, and other ~sard in~uri~nee pre~?tams; ~ . .(m ~an tfie nots ~eeured heriby; sad z (n~ aawrt~stion oi the prineipwl oi ssid note. E _ Any deflciency in the amonnt oi aach aggregate mont~ily payment ahall, unless made good by the mo~~or prior to the due date o! the next such pa,~rmenk oonatitute an event of defanlt under this mor~ € ga,ge, e mortgagee may ~wllect ~"late charge' not to exoeed two centa for each dolIar (~l~ at ~ each payment more than 8fteen (15) days in arrears to cover the extra expenae involved in handling delinquent payments. ~ . 8. That ii the total oi the payments made by the mortgagor nnder (b) oi paragnph 8 pr~cedin8 shall ~ exoeed t6e amount of vaymenta actually made by the mortgagee, for ground ~rents. taxea and asaes~menta ~ ~ ' ~ - ~ _ ~ ~,~~K -94~-~A~f1'~0 . ~ _ . ~ ~ - - - - -