HomeMy WebLinkAbout0314 ; . . . ",a..
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~ • P~OR VALUi R~IYID. ~011!ldQ~~jllad prOti~iA~a~ ~0 P~ ~0 • • . .
~ ~ ' ~ , ATI~O FINANCIAL CORP~RATION _ . F
i - . ~ a oorpvar~tf~ o~ed und e~ctstin~ aade~'
~ the lavnss'o~ Del a~tare ~ oar order~ t~e prtn~ip~l sua? o! Th irte en thoue a nd
, .
1 ; e~.ght hundred and No/~.00 -------------•-----DO~ t~ 19 80Q.Od ~).~rith . :
interest irom date ~t the nte o! Five One-Querter pe3' oen~m ~ g~ 9b) psr' .
. annum on the yap~1 b~l~nce until p~id.~ ~s a~id princ~pal ~nd iaterest sl~U be p~yable ~t~,He o~oe o! ~
~ ~ ATIC4 FI~IANCIAL CORPORATIpN . . ~ -
~ ~ M iami 1, Fl or ~d a ' ; ~ ar at sach oiher plus ~s the :
- holder m~y desi~te in wrltin~ in aanthl,y installmeata oi ~ 3eventy s ix aad 31/100
DoUsra (i 76 .31 commenctn~ on t~s flsat d~? oi ti,s ~!lnal .
: oA the ftrat d~? oi e~ch month theresiter until the princip~l ~ interest~sre t~epaid. ezcept t
; p~ymeat of the eutlre indeb~adnees evidenoed hereby. i# not sooa?er psid, shaU be due and p~aWe on the
, . flret ~ Octob~r ,18 94. ~ . . . :
Ii def~udt~~ ~cu~de in the p~,ym~t of aay instaltment ender th~s no ~d ~i such daianlt is not m:de '
. rood prtor to the due d~te oi the next such inatulttneak the entire princi~ swn snd aocru~ad ~ntsrest ahaQ
~ ~ : ~ ~ ~ d~s a~ ne~v~bt~ ~ri~t ao~~x ~ td~e o~~ ~i th~ h~lder +~i t~ ~t~ t~o ~cer~ia~ - - ~
this o
p
t
i
o
n aha11 not o~stitute s waiver ot the r
l~
ht to e~cerciae the same in the eve~nt of a~ny aubsequent
. def
~
w
lk In the ~veat ai defsult in the •ppyment o
f this note. a
n
d i! t
h
e eame ~
a c
o
l l
e c
b e
d- by an a
t
t
orae~ .
~t hw,the uaderaigoed herebY airee(a) to pay aq ooats oi.o~llection, i~rcindia~a reason~bi~ sttoiae~?'a fes.
~ Preeentanent~ proteat, and not~OS sre hei~eby r?aived. , . ~
. -
` ~ - (State Docvanentary Stampe ~ ' ~
affi~ced to original note . Ja~ A• Richardeon . _ .
~ • and cenc~lled.) ~
' _ . . _ 8~ .
. . - . . _ Normaa_ Joqce.Riehardson . ~
~ - ~ ,
- And shati da~, ~~y
. std fnDY Pe~'to~nm. exeeut~e, e8ect. caaPkte. and con?td7 with and ~
-*b~ide by a~ch and p~ t~?e-atiPu4?t~ons. as~aena~l~~ttoas. and ouve~nants oi a~ note
tons
~ and a~ this mortsap,~ t1~is mort,~a~e snd the e~te he:+eb~ cre~ted sha1l oe~se and ba nnlt v~oid. - ,
- ~ And the mort~+oar itirther ~ve~uats as tolb~vs: .
1. Thst he wiQ p41? the indebtedness. sa hereinbefore parov~ded. Privlk~e is rese~nred . to p~y the
~ : debt in xhole. or in aa smo~mt eqw~l to one or more montLly p~mneat+~ on the prlndpel t6st ~u+e ne~ct dtte .
~ on the note~ on the flrat d~? a~ an~r mo~nth prtor ta maturity: Provided. hoarever, that rrritten aatice oi an
intention to ese:+cise a~h privileae, is 8'~ven at least thirtY (84) days Pri~' to P~P~Y~t: P~~~ :
tnrther. that in the ev~?t the debt is psid in full lvior t~ n~utnrity snd at ttwt-tIme it ia insured nnder ~ .
~ the pa+ovisions of the National Housir?s Act, he wiU pay to the mart~ee an adjnsted premiam charBe at ~
.one Per aentnm (196) of the original prlncipal amouot thei+~ol. exoept that ia no ev~t sha11 the ad,inat~d----,. `
~ pe+emium e:oced thea~ge+e te amount oi premi~mn char~es ~vhich would hsve been pq~rab,e ii t1~e nwrt~ :
~ had continued to be insuredu~
til anaturit~r; sach p~ytnmt to be sppiied b~i the mortS~bree upoa~ its
, _ ~tion to ths Federal 8onsing C
o
m
missioner an ~ooount o
f mort~are i
n
s
u
r
a
n
o e. -
. 2 T6at, in order raore ~i~lty to ptbtsct the sec~trIty of tbis mart~a~e, t6a mort~a~or~ tsg~ether tai
~ ~ tnd in ~ddltion to, the menthl,y a;~nt8 wider the tenr~e of ttte aot~ aecured l~+eby. on the Srst d~ty~
ewch month imt~ the said note isp !`u11,Y I~id. wiU p~y to the mort~g~ee tha ioUowin~ snms: - _
(a) An amount sn~cient to pmvide the holder hereo~ with fpnde to p~y tbe next mortgsgie
inaurAnee pr~nium if thia inatrunnent and the note eeaxred ~ereby sre inscired, or s month~Y charg~e
_ (in lien of a nartgag~e insurauee premium) ii tbey are beld by tbe Federal Honain~ Co~nmiasioner.
, . as iollows: ~ . -
- • - ti) H and ~o bat as n?id aate a~ e~,=dste saed tt~is i~kirumest are ia~ared or wr~ remsnt~ed nadsr tba
~ pio~?L3o~ss at t6e Natioosl Hondus Ad. an aa~ou8t wAk~t to ieemm~labe 3n tbs bsnds ut tl~e bold~
~ o~ (1) montitp t~o !b dns dite th~ iwnual awrtest's P~~, in ordsr Lopma~ ~
. ~ • . hHo3der wtW iq~
~torp~ ~P~i Fed~al ~.Goa~oaer ptttWlu~t to tbs Natioml : •
? (it) I! aad~
as s~W Aot~ ot a~ date and~lt~Edi ~iustrvtnent ara he~db~ tLs Fedenl Honaint Coa~mi~-
' sioaer. ~t iuoa (ia liw oi s mort~s~s iasnra~o~ pt~eeoiow? wbiefe ai~a116e la an amoaat _
eqtul to c~e-t~t~~) o~ a~e-~t! ('14 ) P~' eeutmn a~ tbs ~~nerage o~taadini balaaa dna am tiN
- note eompnted ,rjthont takius iato ~eeount ddi~ae~eia. ae preQ+?~t..
, ,
~ : (b A.am eq~al ~o the ~+onnd r~?ta, if any?, nex! aue, plos the pi+e~ninma tha! ..ill next beeoans .
E dne ~~1
e on policiea oi rire and other h~ard insuranoe ooverias tbe mortSaB~ P~P~Y ~us .
` tues su~ -asseesments neut due ou the mortSae~ipropertY (aU ss est3~mted by the ~rtgagee~ less
s ~ sll su~aa ~lre~dy •p~a~ therefor divided by the nwnber. of mo~lths to elapse before one montb prlar y :
,r , to the dste v?vLea snch Se'uund ~+ents? P~+ea?iwns. taxes~ ~nd ssaeesments ~?iD beoaae dellnqneak sach
snma to be held by mort~u~ee in trust to p~Y ~id fro+iad re~ts. p~+emiwns. t~xes. and aPeci~l as~s- :
. - ~ ments; xad
(a) AD ts mentioned in the two precedia; wbsectior~s. oi this psr~raph and all p~y.
• , ' ~ ' _ "
, . me~ats to be n~~
er the note secured hereby shaq ba added to~+eth~ a~rd the g;~re~te smount ,
! 1 - thereo! ahall be p~id by the nartg~,g~or each mnnth in a aiaale p~ynnent to bt a~~~ed d7 the murt-.
i - sa~ee to t,hs foUewia~- items in ths arder set torth:
" ~ (t) ~reopie~ ehar~s wdse t5s aootraa! ot inwrawes wtth t1M Fed~»i 8oo~i~ ~oea~iaaer. a~ mowt~
~ ehs (in liw at mort`a~e imuraAOS prasium). as tb~ ew au~~ b~i
~ , ± , ' (tt ~~las~ as~esrmenb. llr~,~~ otlrer bwrd i~araAee pre~iw~f . .
; . (tu terat oa no~t~ ~ewrad~a~ . • ~
~ ~ (nr amvrti~ttion oZ tiM pzi~eipal oZ sai~ aot~. _
c Any d~r itl the ~m01rAt Oi sl~ch ~regste moathl~rpa~r
meslt th~ll~ nnkr m~d! ~~OOd by th! -
h
~ - prtor to the due date oi the next auch t, constitate an eveut ef definlt ander t63s mor~
R nart~ee ~r~a,llect a"lute nat to e~coeed triro oeab tar e~rch dolisr (il) o!
~ 1_``:: ~ p~meat inore than~~ tflteea (18) dsys in an~eara to ootiar the eactra a~penss~ invdved in handlint .
_ ; . - - a~ . " ~ -
€ 1 S. That ii the t~at~i o! the pynne~b made by ttie mortsa~or nnder (b) ai p~r~prsph $ precedin,~ s1u11
~ e~oeed the ~ount oi 1a~~ts actwdl~r nu~de by the mart~aY~ee. tor ~raend rea4. ta~ces and ~b
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