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Home My WebLink About0788 _ ~ . FOA VALUH RSCBIVSD. the undcreigned promise(s) to pqy to ATICO FINANCIAL CORPORATION _ Delaware ~~~tion org~anised a?nd exiating under the luwa of , or order, the principal sum of Ten lhouaend s ix ~ ~ hundred fifty and No/100~ ------------------~~lars (~10,650.00 )~with , interest from date aE the rate o! Five 8t One-quarter per centwn ( S~ 96) per annum on the unpaid balance until paid. The said principal and interest ah~ll be payable at the otfloe of ATIGO FINANCIAL CORPORATION in M iami 1, P'1 or id a . or at such other place as the : holder may designate in writing, in monthly installmenta oi F f f tq e ight and 89/100 DoUara Sg, gg commencing on the ftrat day of September ,19 , and on the flrst day of each month thereafter until the princigal aiid interest are fuUy paid. e~ccept that the Rnal . payment of the entire indebtedness evidenced hereby, if not sooner paid. shall be dne and payable on the fii~st day of Augus t .19 g4 - ' If default be made in the payment of any installment under thia note, and if such default is not made ~ good prior to the due date of the next such installment, the entire principal sum and accrued interest shall ~ st once become due and payable without notice at ~he option of the holder of this note. Failure to exercise this option shall not constitute a waiver of the right to exercise the same in the event of any subsequent ~ ' defaulk In the event c?f default in the pxyment of this note, and if the same ia collected by an attorney , at law, the undersigned hereby agree (s) to pay all c~sts of collection, inciudin& a reasonable attorney's fee. ~ ~ Presentment, protest, and notice are hereby waived. - . ~ s~ . ~,.QY ~,Crueger ( S EAL ) ~ • Roy Krueger CState Documentary Stamps ~ ' aff ixed to original note ~ and cancelled.) s/ Barbara A. Krue~er (SEAL) Barbara A. I~rueger ' - And shall duly, pmmptly, und f~lly pertorm, discharge. execute, effect, oomplete, and oomply with and ` abide by each and every the stipulations, agreements. conditions, and covenants of said pmmis$ory note ~ and of thia mortgage, tben this mortgage and the estate her~by created ahall cease and be null and void. . And the mortg~gor further covenants aa follov~~s : ' . ~ ~ 1. That he will pay the indebtednese. as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an amount equal to one or more monthly payments on the principal that are next due on the note, on the first day of any month prior to maturity: Pmvided, however~ that written notice of an intention to exerciae such privilege is given at least thirty (80) days prior to prepayment; and, provided further, that in the event the debt is paid in full prior to maturity and at that time it is insi~red under the proviaions of the National Housing Act. he will pay #o the mortgagee an adjusted premium charge of one per centum (iqb) of the original principal amount thereof, except that in no event shall the adjusted premium exceed the aggregate amount of premium charges which would have been payable if the mort- ' gage had continued to be insured untit matnrity; such pa~mlent to be applied by the martgagee upon its - obligation to the Federal Housing Commissioner on account of mortgage insurance. ~ 2. That, in order more fuUy to pmtect the secucity of thia mortgage, the mortgagor. together with. ~ and in addit~on to, the monthly paymenta under the terms of the note secured hereby. on the first day o! each month until the said note is fuAy paid, will p~iy to the mortgagee the following sums: ~ (a) An amount sutftcient to provide the holder hereof with fands to pay the next mortgag~e ~ insurance premium if this instrument and the note secured hereby are insured, or a monthly charg~e (in lieu of a mortgage insurance premium) if they are held by the Federal Housing Commisaioner. as follows : (t) If and so long aa said note of even date and this i~utrument are insnred or are reinsnred under the ~ pmvisions oi the National Houaing Aet, sn a~wunt sufRcicnt to a~xumnlate in thc hands oi the holder ~ . one (1) month prior to its due date the annual mortgage insuraace preminm, in order to provide sacb ~ halder with iunds to pay sneh premium to the Fedenl Aonsing Commisaioner pnrsuant to tbe National Houaing Aek as amended, and spplicable Re~ulstions thereunder; or . (n) I! and ao long as said note of even date and tius inatrnment sre held by the Federal Honsing Commis- ° sioner, s monthly cha (in lieu oi s aeortgage insuranoe praaium) wliich ahaA be in an amount ~ equal to one-twelfth of one-half (~Ni ) per centum of the average ontstanding balanoe dus on the ; note computed without taking into soconnt delinquencies or prepayments; (b) A sum equal to the gronnd rents, if any, next due. plus the~premiuma that will next become ~ due and payable on policies of fire and other haxard insuraace covering the mortgaged propertq. plus taxes and assessments next due on the mortgaged property (all as estimated by the mortgagee) less ~ aU sums already Faid therefor divided by the number of months to elapse before one month prior F to the date when such ground rents, premiuma, taxes. and assessments will become delinquent, such ~ sums to be held by mortgagee in trust to pay said ground rents, premiums, taxea, and special asaesa- ments; and (c) All psymenta mentioned in the two preceding aub~ectiona of thia paragraph and all pay - ments to be made under the note secured hereby shall be added together and the aggregate amount ~ thereof ahall be paid by the mortgagor each month in a single payment to be applied by the mort- gagee to the folbwing items in the order set forth: (i) premium eharges nnder the oontmct of insuranee with the Federal Hondng Commisdoner, or monthlp ~ charg~e (in lien oi mortgage insnranoc premium), as the ease may be; I ~ tt und rents, twzes, aeaessments, Rre, at?d other has~rd insnranoe pnmiuau; ~ (m~ ~nroterest on the note secured henby; and (iv) anwrtizstion oi tls~ prinapsl oi snid note. ' Any deficiency in the amount of auch aggregate monthly payment shall, unless made g~ood by the ~ mortga or prior to the due date of the next auch-pa~?ment. oonatitute an event of default under this mortr ~ gage. ~e mortgagee may cc,llect a"late charge' not to exceed two centa (2~) for each dollar (~1) of $ each payment more than fifteen (15) days in arrears to cover t6e extra~eupense involved in handling ~ delinquent payments. ~ 3, That if the total oi the payments made by themortgagor under (b) oi paragraph 2 preccding shall ~ eajceed the amount of payments actually made bq the mortgagee, for ground renta. taxes and aaseai+ments ~ . , - ~ ~ ~oA~ ~4 ~,~c~~~7 _ - ~ : , ~ _ ~ -