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- J. 1. KISIJIK MORTGAGE CORPORATIQN Of FLORIOiA
; - ~ a oorporstion or~anised and exlsLin~ undar
• the l~ws oi the State of Flortda . or order, the principal aum o!
- ELEVEN THOUSANO FOUR HUNDREO FIFTY and no/100ths -m11~ (i 11,450.00 ).v+?ith
interest iraa dats at the nte oi FI VE i ONE•FOURTH P~ ~ S 1/~+
~ ~ annuia on the unpaid balAnoe until paid. The said priacipsl and intereat shaU be psy~ble st the o~oe oi ~
OBLIGEE
ir? Miaa~i , Dade County, Florida ~ or atauch other plaoe as the
~ holdet msy desigaate in writing, In moathly installments oi - S 1 XTY THREE and 32/ l 00ths
Dollara 63•32 oo~aeac~n8 on the arst day.o! October .18 64. ~a
on the flrat day of each month thereaiter until the principal and intereat are tully p~Id. exoept that the flwl
payn?ent oi the entire indebtedness evtdenoed hereby, i! not sooner p~id, shaU be due and payable on the .
~ ~ lirat dqy of Saptember ~ 19 94. ~
' Ii defsult be made in the pAyment oi any inatallment under this note and ii aucb default is not made
. ~ood prior to the due date oi the next auch installment~ the entire prIACipa~ aum and accrued interest ahaU
st otwe become due and psyable withoat notioe at the option of the holder of this note. Fail~re to exercise
; this option ah~ll not cwnstitute s waiver of the ri~ht to exerciae the same in the event oi any sub~equent
' detaulk In the event af deft~ult in the pq~m~ent o! this note. and if the eame ia collected by an attflrney
€ ~ st l~?~r. the underaigaed hereby agree (s) to pay all oo~ts of ooUect~on, includia~ a rea~wnable attorney's fee.
~ Preo~entmenk protest, aad notioe ar~e hereby waived.
~ /s/Bobbv E. Stafford
: Bobby E. Stafford
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' _ s/G~aca M. Stafford
Grace M. Stafford
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i And aL~il duly. _~1~?. snd inqy Pertoran. dVchar~e. ezecute. eSect. oomPlete, and oon?P~Y ~?Ith sod
; sbtde by each sad ev~er~?the stipulations, agreements. oonditions. snd o~vensnta of said prom~saor~? note
' ~und oi this mortgsge, then this mort~~g~e ~wd the estate hereby created ahall cease and be null and void.
i And the mort~ag~or iurt6er covensnta as folbws:
' 1. That he will pay the indebt~cinesa. aa hereinbefore provided. Privilege ia reaerved to pa?y the
debt in whole, or in An amount equal to one or more monthly p~yments on t6e prlncip~l that arE ne~ct dne
i on the note. on t6e lirat day oi any month prior to maturity : Provided, however, that vvritten notice of an
intention to exercise auch privilege ia given at leaat t6irty (80) dsya Prior to pre ent; and, P='ovided
I iurther. thst in the event the debt is paid in full prlor to, mAturity aad st that e it is insnred nnder
the provisiona of the National Housing Act, he will pay to the mortgagee ~tn ~uljuated premi~m char8e oi ~
i one per centum (1yb) of the original principal a~wunt thereoi. except tlut in no event ahsU the adjuated
• premiam ex~xed the aggreSate amount oi premium chargea wluch waild hsve been psyable if the morb-
i gage had c~ntinued to be inaured until maturi:y; such payment to be applied by the mortgagee npon its
} obligation to the Federal Housing Commisaioner on aocow?t of tnortgsgre insuranoe.
2. Tba~ in order more fnlly to protect the security of this mortgage. tLe mortgagor, together with;
! and in addit~on to. the menthlyp~ym ents under the terins oi the note secw~ed 6ereby, on the Srst day ot -
( . ea~ch month unt~ the said note is fully paid. will pay to the mortgagee the foUowiag sums:
; (a) An amount au~cient to prnvide the holder hereoi with f~nds to Iwy the neat mortgag~e
1 ~ inaurance premium if thia inatrament and the note eecured hereby are insured, or a manthiy charge
(ia lieu oi a mortgag~e insurance premium) if they are held by tlre Federal Housing Commiesioner.
as foAowa: -
(t) If and ~o lon~ a~ ssid Aote ot eveu date ~ad this indrnweat ars inwred or are reinsnred nndnr the
pro~doas oi We Nationsl Hoadns Aek an anwnnt sumeient to aocmm~lata in tbe hards oi the holder
( ~ ~s (1) moatb prior to its dne date the aanuat mo~ga~e insnnnoe preminm. in order toprovWe soeh
6older rrith innds to pay s~ueh premfum to tus Federsl-Honsins C~oner Pnssaaat to tbe N~tloiul
Honsi Aet, as ~a~ded. and applieabis t~ons tberennder: or
~ (n) Ii and ~o~ as svd ~wte ot even date snd~instrnmeat are hdd by.tbe Fedenl Hondns Commir
~ ; - ~ioner, a montlily~ eh~rge (ln lien oi a mortgags insuranes prantu~) wlitel~ ahsU be in an smouat
G eqwl to one-twelith ('Ks) of one-hali Per oentmn oi tbs s~eraae ontdandins bslanes dns on the
; ~ note oompnted witlwut tskins into aaount ddinqnende~ or D~Y~~: -
€ ~ (b) A aum equal to the ground rents, it snq. next dne. plns the preraiwna that will neut become
s ~ dne and p~yable on policies of flre and other hazard inaurance covering the mortgaged property, plus
; ~ tauces aud assessments next due on the mortgaged property (sil as estinnated by t6e mortgagee) leas
~ ( a11 eums already paid therefor divided by the.number. of months to elapee before one month prior•'
r j to tbe d~?te when such ground renta. premiums. taxea. and assessments wiU become delinquenk auch
! swns to be held by mortgsgee in txuat to pay said ground rents, premiums, taxea, and special aasess-
- ? menta; and
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~ , (a) AU psyments mentioaed in the two preceding subsectiona of tt~is paragnph and all pay- .
~ ments to be made w~der the note secured hereby ahall be added to~ether u?d the te amount
, , thereoi shall be p~id by the nartQa~or each month in a sin~le p~yrnent to be w;p~~ the mor~
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~ ; (i) Praaina~ ebsrtes wider ths eoatract of fnsuranos w3th tbs Federal Hoodn~ Cao4mtaioaa*. or montW7 ,
F j ~ d~? (in lian ot mortga`e inaaranos ps+e+niwa)..u tl~e ws ma~ be;
~ ~ ~ ti~e~~ aae~eata. flrt. and oth~r hasard iawranee Prwdums:
E ~ (n?~ amortl:a~oa ot tbs ~eeured bereby; and
,r prlndpa! oi aid note.
~ny ae~ci~? ~n t~e smoubt or au~h a~regat~ ~mont~y psym~,t s~iat~, wae.s maae ~ooa by t~e
~ mo a~o
r prior to the due dste of the next such pa~rnn~k eonshtnte an event of deiault under thia mort-
' ~ ~ The mort~a~ee may cullect a"tate char~e not to e~coeed t~vo e~enb (2,~) !or each do1L~r (il~ ~
~ ~ ~ p~y~t nwre thaa flftcen (lb) dsys in arreara to oover the e~ctrs espeiue involved in hsnaia~
~ ~ delinqu~t p~ymenb. ~
~ ? 8. That ii We total oi the PaYn'~eata made b the mort~a~or nnder (b) ui Pzragr~tPb ~ P~~~ ~
~ ~C@~ ~l@ ~101~At Ot D1~YmeAtd ~I~Iy 11IAI~8 ~y the nwrtgagee. ior ground renb. taxes and aseeaamenb
~ ~ ~o~~ 97 ~303
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