HomeMy WebLinkAbout0984 ~ ~ ~.r_ - - - - - -
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' FoR Vnt.u~ it~cgi~?~. the uader~si~aed pranise(s) to Py? to
ATI00 ~'I~IQ7.~L OORPORAT'I0~1 ~ ~ ~ , ~ '
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. ~ a oorpontiou or~aised ~nd ex~atin~ under
the bwa of D~larta7~~ ~ or order. the principal aum oi ~'ilteOA
i t~havu~nd loar bandred ae~d ~0/100 DoUara (i 15, ~00.00 with
• intereat frwa date at the nte of ti~~ ~ On~ ql~wrtOr per oentwn ( 96) P~'
' ~u?num on the unpaid bal~ace until psid The ssid princi and interest ahaU be payabk at the o~oe oi
' - ATICO ~C~L QO~PO~TIOIi
;n l[lasi, Floriaa . or at such other pla~e as the
holder may designste in writing, in monthly inst,sllments oi llght~=1~0 ana l~/100
' Dollara 85.1i oommencing on the flrat day o! 8e~teabsr .19 ~i4 . and
on the flrst day of each month ther~after until the principal and intetest u~ fuUy paid. exoept that the flnal '
' paymeat of the entire indebtedaess evidenced hereby, if not sooner psid~ sh~U be dae and p*y~ble on the
; fli~t d4Y of • At~6qst 18 94. .
i Ii default be made in the payment oi any inataUment under thia note and i! auch deiault ia not made
~ ~ood prior to the due date of the next such inst~?Umenk the entire principa~ sum and aocrued iaterest shaU
st once become due and payable without t~otice at the option oi the holder of this nate. F~ilure to exercise
~ this option shall not constitute a waiver of the =i t to exercise the same in the event of any aubsequent
~ defawlk In the event a! default in the paymeAt o~his note. ~nd if the same is collected by an attorney
~ .~tt law, the undersigned hereby agree (s) to p~ay all oosta of collection, ~ncludit~. s reasotu~ble sttorney's tee.
~ ~ ~ Presentment, protest, and notice are hereby waived. . :
" . Oharie• 0. Jlohie~ (Bsal) _ y
~ . (8tate Doou~entas~ 8t~p~ ~ Oha~rie~ 0. A~ e~
aliizecl to ori iaal note
i ' and oanaellea.~ . ~
~ . _ Oe~ro]~n 0. ~shle~_ (8sa1) .
j . _ Oarol~?n ~hle7 .
;
~ And shall du1Y. Pro~npt1Y. xna lu11Y P~'~o~, execute. etiect. oomplete, ~,d ~amply wIth and ~
abide by each and every the
stipulationa, agreement8. conditions, and coveaants oi said promissor9 note
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~ and of thia mortgage, thea- t6is mortgage and the rstats hereby cr~ated ahall eease aud be null and void.
~ And the mortgagor further covenants aa foUows: , _ - ~
1. That he ~viU ps,y the indebtednesa, aa hereiabefore provided. Privilege is .reserved to psy t6e
debt in whole. or in an amount equal to one or more monthly paymenta on the principal tlu~t are next due .
on the note. on the tirst day of any month prior to maturity: Pmvided, however, that wrltten notice of an
intention to exercise such privilege.is given at leaat thirty (30) days prlor to pre}~yment; and, pmvided
' further, that in the event the debt ia paid in full prior to, maturity and at that t~me it is insured under
~ the provisiona of the National Housing Ack he will pay to the n?ortgagce un adjusted premitun char8e of
one per centum (1~6) of the original prin~ipal amount thereoi. except that in no evei?t shall the adjusted
pr~emium exceed the aggregate amount of premium charges whicb would have been p~yable ~i the mor~
gage had continued to be inaured nntil maturity ~ such payment to be uppiied by the mortgagee upon its
obligation to the Federal Houaing Commissioner on account of mortgage inaurance.
2. That, in order more fully to protect the secucity of this mortgage. the mortgagor, together x?Ith
and in addition to, the monthlypa~rments under the ternis of the note secured hereby. on the first day o~
ea~ch month until the said note ia fully paid. will pay to the mortgagee the following sums:
(a) ~An smount su~cient to provide the holder hereoi with fands to pay the nezt mortgag~e
1 inaurance premium if this inatrument and the aote aecured herebY are insured, or a monthfy charg^e
~ (in lieu oi a mortgag~e insurance premium) if they are tield by the Federal Houaing Connrmissioner.
. as foUowa: .
(t) I! and w long as ~aid note oi era~ dwte and this instrument sre inaued or are'reiarured nnder .the
' provisana oi the Nationai Aousing Aek sn anwunt snfddeat to aa.nnnnlate in tbe hsnds oi t6e hoWer
. one (1) month prior to ib due date tbs annnal mort~ass insnsanoe Pnmiam. in ordeir to pro~ide~l .
' holder with innds to ps sueh premiwa to tbs Federal Hoadn~ Commiuionar pnrsuant to tLe
; ~ Housiag Aet, ss ~ and sP~~ ~~ns therennder; or
t (n) Ii and w long u said Aote oi even te and instr~?t are held b t~he Fe~ral Honsing Commis-
~ sioner. s monl6lye~arge (in lieu oi a mortga8e iru~ranes pr~nimni w1?1eh siuU be in +w ~uonoant
! equal to one-t~velith (S~is) ot one-halt ('~4 ) per eentwa oi tbe wverage ontstanding bal~noe dns on the
E ~ • note oompnted wiWout tating into aoouunt ddinquencies or Pr~sYn~nta:
` (b) A sum equal to the ground renta. ii any. next due, plua the premiums that will next become
i dne and payable on poUcies of flre and other hazard inaurance eovering the mortgaged property, plus
~ ta~cea xnd assessments next due on the raortgaged property (all aa eatimated by the mortgagee) less
' aU sums alrea8y paid therefor divided by the number of montha to elap~se before one month prior
' ~ to tbe dste when such ground rents. premiums, taxes, snd assesaraeata will become dellnquen~ such
~ sums to be hetd by mortgagee iq truat to pay said ground rents, premiums, ta~ces, and special asaess-
~ ments; aad
(c) All paYments mentioned in the two preceding subsections oi this paragraph and all pay-
lnenta to be made under the note secured hereby ahaU be ~dded together and the agg~g
ate a~cannt
~ ' ' thereof shall be paid by the mortgag~or each inonth in a aingle payment to be appL'ed by the mor~
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i . (i) Praniam e)~arg~es nnder tLe eonlraet oi insaranas with tbe Federal Honstnt Commi~sionu, or ano~tLl~
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~ j , ~ ([t? aanostis~?tioa of tbs prinejpal oi ssid note.
~ Any deticieacy in the amount of auch ag8regate montlily payment ah~ll, nnless made good by t
he
; mo _t~a~gor prior t
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he due d~
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- The~ mortgagee may culiect a"late charge' not to exc~ed two cente t~) for e~ch dollar (;1) o! ,
; ; ~ each p+~yment more thsn fifteen (16) daya in arrears to oover the extra espense involved in handliag
: i ~ dP~1QneIIt ~yll~IItA.
~ 8. T!u?t ii the total of the payments mAde b the mortgagor nnder (b) of pstagrsph 2 preceding ahall
i .
~ e~eeed the amour?t~of pa~yments actually msde y the mortga8ee. ior ground rents. ta~cea sad asseaanienta
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~ - ~ 94 nc~3$3
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