HomeMy WebLinkAbout1390 - . . . _ _ . . - - - . . . , _ . . _
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l+bR VALII! R~tYaDy tLe wider~i~ed pt'anise (s) to py ~ .
' 8T0~~ YB~ITI+SY~ ~tYIA b COlZE'~AY
the tavrs ot Stste ot Florids '~~0~~tia~? ar~suised aud aRiatin~ under
. or order. tbs pi`Tnctpsl sum oi .
TIdELYS R'~OIIS[1NND F.iRTY d~ 00/1~ - - - - - - - - - - Dollsrs 12yOS0.00 with
interest lra~m d~te at the rate of five do a~e-fourth per oentum ( 96 ) Pe~' ;
` uinwn on the w?p~id balanoa nntil paid. The aaid princip~l snd interest ahaU be p~yable i?t the o~oe oi •
~ J~TO
~~~on~vwille~~or~id~a CO~g'~1NY r st such other piace ae the
halder m~y desi~a~te in wrltin~ in month~y imt~llmenta at SIXTY-3S7C do 6el/140
Dow~rs 66.64 cormsaenc~t on the flrat da,y oi August .18 64 ,,u4d .
on the flrat day o! each moath thereafter until the princip~al ~?nd interest are fully psid, e:cept that the nnal
p~yment ot the entire indebted~ evidenced hereby, ii not eooner p~d, shall be due and p~,yable on the
lfrat d~? o! Ju1y ,19 94•. .
If defsutt be made jn the p~yaaent of aay installrnent under this no and ii suc6 deisult is not made
~od p~ridr to th~ due cLte of the next such instatUnent, the entire princip~ sum ~ad ~?ccrued interest ahaIl
•t aice beoonne due and p~,yable without notice at the option of the holder of thie note. F~Wure to exercise ~
~ this o Lion ahall bot constituts a~raiver of the rlsht to exerciae the swne in the event oi any anbsequent
w
_ dei k In the event af +default in the p~ayment oi this note. and if the ainae ia collected by aa attorney -
at lavv~ t6e undersigned berebY ~ree(a) to paY all ooata of oollection, includin,~ a i+ea~wnable attorney's tee. 'i
Pr~sentment~ prots~t. and notios~are hereby wa~ved.
S~
• ._1s/ ste~nley Mruz ~ {
ey $ ;
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f
1
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.--1e/ ~r l~rus .
; ~ . Ms~'Y . .
~ ~ ~ ~ ~4 P~o~. ~~~1h~arge, exewte, e8'ect. oompiete. and oo~mply wltl~~nd ~ -
~ sb~de by arch aad ever~r e stipulations, agreemeats~? ~nditions, ~nd covensnts oi aaid prwniaaory note
snd o! t6is mortg~e. then this mortga,`e and tt?e eatste hereby created shall ceaae and be null and void.
~ And the martgs,~or iurtber ooves~anta as iollowa:
~ 1. Tbat he wiII p~y tbe indebted~nees, as herEinbefore provided. Prtvilege is r~ed to p~s,y the
~ debt in whole, or in an amount eqw~l to one or more nwnt6ty p~ynnents on the princip~al that are nest dne
on the note. on the ftrat day of ~o,y month prior to maturity: Provided, however, that wrltten notice oi an
intention to e~cercise auch privilcge is given at least thirtY (80) days Prior to prep~yment; and. Provided '
further, th~?t in the event the debt is paid in full priar to, maturity and at that time it ia inawred under
the proviaions oi the National Housi,ng Act, he w~t paq to the mort8A8~ee an ad,just~ed Premiun? charSe of ,
one per centnn? (296j o~ the original principal ~nouat thereoi, esoept t~hat in no event ahall the adjnated • '
~ pa+emium eueeed the aggregste 'amount oi premitun chergea which wonkl hsve been payable if the nart- ~ ~
tsge h~rd eontinned to be inaured nnt~ maturity; snch p~yn~ent to be app~ied by the mortgages npon its . '
obligstion to the Federal ~ionsing Commissioner on aoc~ount of mortg~g+e iasuranoe. . ~
2'That, in order more fully to protect the secudty o! this mortgage, the mortgagor, together with~
and in sddition to, the meathly ta nader the ternis oi the note aecw~ed hereby, on the flrat-day o~
e~ch mouth until t6e saia note is~~paid, will pay to the mortgagee t6e ~ollowin~g ~uma:
_ (a) An ~nount anfficient to prnvide t~e holder hereo! ~vith lands to pay the ne~ct mortga,g~e
insuranoe premium if this inatrument and t3~e note eecured hereby sre insured, or a monthly charg~e
: (in lieu of a mortgsgre insununce premium) ii they are held by the Federal Houaiug Commiasioner,
as iollow+~ :
(t) Ii and w loa~ as dd ~tobe-a! ev~ dste and tbis inrtrana~t srs inrared or ~rs rainsared ander tbe
' . Pravuions of tLe Natioaal Hondng Aet. aa aawnnt suf~eat to aeeamnl~ts in tl~a hands oi the lalder ~
- one (i) mo~~tL prior to its due dste the annusl mor~a~e inwr~a~ prem~iwoa. iu order !opra~ide saeh
AHalder with fuads to p? soeh psemium to tbs Fedarsl-H-naiu
'nr Cam~nissi~wr pnrsuant to t6e Nstia~l
Ad, as aa~ed, and a plkabls ~
p B~al~tions t~aader; or
(n) Ii and
w~ as ntd note ot evs~ date wd ~lus inst~t ats beid bt t6e Federal Hondng Comm4-
~ioner, a aan~y (in liea at s aartaaae inwiaaes pranina) wbieh shaU be in au aanonnt
e~N~l to an~e-~twaiith~j of one-~Jf ('K ) per oa?Wm ot tbs ~~etage ontdandin~ b~lance dus on tbs
na
note eompnted witboat tatina into aooonnt ddinqoeade~ 03' Prspsym~b:
s.
~ (b A snm equnl tu the grow?d rents. if ~ny, nest due~ plna the preminms that will neat beoo~?e ,
due payable on policies of 8re ~nd other h~ard insnranoe covering the mortgsged praperty~ plas
i ta~ces aud assessm~ts neut due on the mort8'88'~ proP~Y (all as eetimated by the mortgag~eej less ±
• ~ alI sums a4~dy p~sid the~reior divided by the number. oi months to elap~e before one month prfor
• to ths dste ~rhen anch grnund reats. Premiums, tauea. aad assessments rvill beoome delinquent, such .
aams to be heid by mortgagee in truat to t~m?Y anid Sround re~?ts, P~~, snd apecia2 aesess-
~ m~'ta' aad ~ l
(a) Atl e~y~ata meationed in the two preceding anbsect~ans oi lfiis par~graph and atl pay- ~
~ a~ta to 6e n~rde under the aote aecured hereby ahall be added to~ether aad tLe te amonnt ~
t6~reof ahsll be paid by t!?e mortgag~or euh month in a a~ngle p~yment to be app~ the mor~
sa~ee to the foliovvin~ items in t~ order aet fort6:
- (tj pre~6ima ebars~es ande: tbs aoatraet a! insnsaae~ with ths Fedanl Hoadns C.oa~mirdoner. a~ mo~tblt
' (b liea oi e~tts~t insnran~e t~emi~). a~ tbe e~us ms~ be;
, - (m3 tetwt oe t~
~ ~eenral he~y~°'~ other bwi+d iasnranes pradww;
~ ~ . (lr atnottisatioa of t~e priseipal oi awid note. ~
~ AR1 ae~ct~CY In the amonnt oi aucl~ aggre8ste monthly~ynr t shsU, anle~s made ~eo~d by tha
i nrc~t~`a~or pzior to the due date of the next such px~rmeat, e~natit~te s~n event of deisnlt nader this mortr '
~ s~e. TUe inort~a~+ee msy oollect s"late chsrg+e not to ezeeed two oenta (4~) tor each doll~r (~1) 0~ -
~ e~ch p~yn~nt more thsa tiff,ee~? t15) days in arreara to caver the eztra expease it?votved in hsnd~in~
i deiinqn~t pymeats' .
~ 8. T6at ii the total o! the psymenta made by themortgagor under (b) oi panQraph 2 preoeding sh~ll
4 e~[aed the aa~ount oi paymenta actwlly m~de by the mort.~age~ !or graund rents. taces ~nd ~sse~nenb
,
' ' ~oRt 9~ r~br.r~$~
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