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Home My WebLink About2356 M ..r . - . . . , 1 ?..~.a . . _ . . . ~ i . ' ~ . • . i Fwt VAi.~s R~cstvEn. the uadersl~?ed prozaiee(s) to WiY to - • c , J. 1. KISLAK MORTGAGE CORPORATION OF F'LOR1011 ~ a oorporation org~u?is~ed and euiatin~ uAder the lawa o! the State of Florida . or order, the principal a~un oi - EI.EVEN THOUSAND FI VE HUNDREO F1 FTY and no/100ths ~11~ (i 1 ~.554.~ with ~ interest from date at the r~tc oi FI VE 6 ONE-FOURTH per oentum ( 5 1/4 96) per annum oa the unpaid balAnoe antil pdd. The said principAl snd intereat ahall be p~y~ble at the o~ce o! ~ OBI.IGEE ia Mi ami , Dade County . F 1 or i da , or st auch other place as the ~ holder may desig~ate in writing. in monthly instsllments oi S 1 XTY THREE and 87/l 00ths ~ Dollara 63.87 conanaencing on~the Rrst day of October .18 64 . snd on the flrat day of each month thereAftsr uutil the princlpsl and interest u+e tul~y paid, ezoept that the flnal payment of the entire indebtedness evidenoed herebq. ii not sooner psid, ahaU be due and p~ble on the fli~st day of Septeanber .19 94. ~ ' _ If defnult be made in the payment of any inataUment under this note and ii aucb default ia aot made good prior to the due date oi the next such instaUmenk the entire princip~ sum and ~wcrued iAtere~t ehall st once become due and payable without notice at the option oi the holder of this note. Failure to exercise thia option shaU not eonstitute a waiver of the~ t to exercise the same in the event of ~ay sub~equent defaulk In the event af default in the p~yment o~ this note. ~ud if the same is oollected by an attorney st law, the undersigned hereby agree (s) tti p~ay all coeta of oollection. includin~ a re~son~ble attorney's fee. ~ ~'resentment,'protest, and notu~e aie hereby waived. • . /s/Georae E. Bass ~ George E. Bass _ ~~~ancy~,~ass ' ' . Nancy L. Bass . And s2uII dull?. Promptl,y?. and inD3? l~erlorm. dieclurge. esecute, effect, eomplete. aad oomply with snd sbide by each and every the atipulationa, agmeements. conditions. and eovennata of aaid pro~ note ~ snd of this mortgage, then this mortgage and the estate hereby created ahall c~ase and be null an void. And the mortgagor fnrther coven~nta as iollowa : , 1. That he vvill p~y the indebtedness, aa hereinbefore provided. Privilege is re~erved to p~r the debt in whole. or in an amow?t equal to one or more monthly payments on the princip$1 that are next due ' ~ on the note, on the firat day.oi any month prior to maturity : Provided, however, that written notice oi an ; intention to exereise such privilege is giveu at least thirty (SOj daya prior to prepayment; and, pmvided r further. that in the event the debt is paid in iuU prior to, maturity and at that time it ia inaured under - the provisiona of the National Hausing Act, he will p~y to the mortgagee an adjusted premium charge oi one per centum (igb) of the original principal amouat thereof. except tiwt in no event sh$U the adjusied premium exceed the a~gr.egate amount of premium charge~ which would have been payable if the mort- gage had oontinued to insured t~ntil inaturitr; such payment to be applied by the mortgagee upon its obligation to the Fe~ieral Houaing Commisaioner on aa:ount of mortgage insurance. ~ 2. That~ in order more fully to protect the security of thia mortgage, the nartgagor, together with~ and in additioa to, the menthly payments under the terms of the note secured hereby, on the firat day oi ~ ~ each month until the said note is fuUy paid. will pay to the nwrtgagee the foUowing eums: (a) An amount aufficient to provide t~e holder hereof with furida to pay the nezt mortgag~e ' ~ insurance premium if thia instrument and the note aecured hereby sure insured, or a moatlily charg~e (in lieu of a mortgage inaurance premium) i! they ere held by the Federal Iiouaing Commisaioner. ~ as foUows : (t) If and ~o long as ~aid note oi ev~ date snd tLis instrament sre insnred or u+s reinsnred nnder tbe ~ provisioni of t6e Nstlonal Housing Act, an snannt ant~eieat to ~mnlate in tha hands oi !he Mlder one (1) month prior to ita dne date tLe annnsl mortaage insnranoe preminm, in order to provtde anch holder with innda to ps ~neh preminm to the Fed~ral Honaing Commisdoner pnrsuant to the National y neh , Ho Act, as'amended, aad ~pplicable Re$ulstions thereunder; or ns ~ (u) Ii and~ng as ssid note o! even date and tlus iAstroaient ~re heldb~ tl~e Federal Houaina Comnait r • aoner. a montlily~ chsrge (in lien ot s mortgsgs inmranoe premiumm) w}ueh shali be ia an aawwit eqval to one-twdith ~('Ks) ot- one-hslf ('~i') Per ceutum ot the averaga ontstanding balanee due on ths . ' note eompnted witbont taking into aoeount ddinqnendes or pr~yaieatr ! (b) A sum equal to the ground rents, if any, next due. plus the prenniuma that will next become dne and payable on poUciea of ftre and other hszard inaurance covering the mortgaged property, plna taxea and assesaments next due on the mortgaged prnperty'(aU as estimated by the raortgagee) lesa ; all sums already paid therefor divided 6y~ the number. of monthe to elapse before one month prior ; to the date when such gronnd r~nts, premiwns, taxes, and assesaments will become delinquent, auch suma to be held by mortgagee in trust, to pay said ground rents, premiums, tsxes, snd special assess- ments; and ~ ~ ; (c) A11 paYments mentioned in the two preceding subsectiona oi thia paragraph and all psy- ments to be made under the note secured hereby ahall be added together and the a$ gregate amount thereoi shall be paid by the mortgagror each month in g single psyment to be applied by the mort- ~-~a~ee to the follawing items in the orde~ set forth: _ ` ' (t) pren~inm eharg~es under tl~e ow~tract oi iawnnes wlth tbs Fed~ral Hoadnt Cammi~doner. or mouthl~ • ehasge (in lien of mortaa~e insuranoe pre~ninm). as the ease mq be; - (n sronnd r~?ts. taxes, a~sasments, lire, and otLer ha:ard insnranes pranioms; : (m interat on tbe nots ~eenred herebY: and ; (n anwrtis~tion oi t~?e prlneipsl oi said nota , s ' Any deflciency' in the amount of such aggr~gate monthly ~?ayment shall. unleas made g~ood by the > mo r prior to the dne date of the next auch pa~rmen~ oonstatute sn event oi detault uader this mort~ ~ ~he mortgagee may cullect a"late charge' not to exceed two cents for each dollar (~1) 0[ q ~ p a y ment more thAn flfteen (ib) daya in arrears to oover the e~ctra expense iovoived in Landling `s delinquent paymenta. x ~ 3. Tlut if the total of the paymenta made by themortgAgor under (b) of paragrxph 2 p=~eoeding ahall °k e~ceed the amount of payments actually made by the mortgagee, for ~nd rents. taxes and assesrments ~ . ~ . 0: R~ n~+ ; ~ ' ~ ~ 8~+,;K i~U fACES~~ , ~ i ~ . ~ • ,_y_ ~ ~ .~.k„ - -