HomeMy WebLinkAbout1170 ~ •.......f~~ • ~.~a+..r.~i~7~ ` . :Y-~.aw J ti.~•~~,}~~~ ~ - ~ y' _ _ '
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' - I~OR vA1.t1= Rit~IV~. ~ 1iRd~1'iij~t6d P='0~~8~ ~0 A~1 ~0 ` • ~ ' . . ` i
i. J i I•.KI3LAK MORZ~(iAGS CORPORATION OF FLORILIA , :
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f _ . - . • ~ ~O~D27t~0II OP~AII~SiBi~ 4t~ 87C~~i~ ~ - -
~ the taws ai Fl or ida , or order. the, principal sum oi Teu thouaand a ix :
; , ;
' hundred and Na/100 ---~----..---------------.1)oU~re (i10,600.00 ~ ).with ,
~ intereat iro~u dste at tbo rat+e at Five Et 01Ze-quea~ter P~' centum ( 5~ 96) Per `
snnwn on the unpaid b~laaoe antil psld. The said principsl and ~ntarest shall b~ p~yable ~L the o~oe of
J. I. KISLAIC MORZ`Q~AGE CORPORAI'YON OF FLORIDiA ~ . '
~ ~ in Miemi 32 , Flor id e ~ or at such other plaoe as the
holder may deeigaats ia ~rritinr. in aanth~y insb~lments oi Fiftq eighfi and 62/100•
Dollua 58 .62 I. cam4zenctng on the fir~st dq? oi~ 18 64 , and
on the flrst day ot each montb thet+eaiter until the princip~t ~nd iutereat aNre~vivl~j? Psid. ezceptthstlhe rinsl !i
payment oi the eatire iadeb~ evidenaed hereby, ii not sooner p~?id..sLa11 bs dne and p~y~bk on tha ~
flrst d~y oi October ,19 94. . ~
If dei~wlt be made ia the pe~yment oi sqy instaDmeat under this note nnd ii such deidult is not m~de ~
l~ood ~rior to the due dAte oi the next auch instaltment, the entire prlncip~ sum and ~rocrued intsr~t shaII ~
at o~ce beoome due sad p~yable arithout notice ~t theopt~oa oi the hoWer of this note. Fiilure to exercise
t6fs~ slult not cw,stitute s waiver of tha t to exerciae the ~ame in the eve~et oi any aubeequent ~
defaulk In ths eve~t ai' defi~Wt in the p~yinent~this note, snd ii the same ia oollected Ly an uttorney
st Lw, th~ nnderaigaed bereby a~cree (s) tQ p~sy all ooats of collection, inclwiing. a rauroa~aWe attorney's fee.
, ~
?r~entaasnt, p,roteat, and notios are hereby vv~ived.
~ (State Documentary Stamps .s,~ rpth-W-
~"p~r~....._{s~~ ,
. affixed to original note Kenneth W, Gregory ~
. end cancelled.) _ ~
~ s/~ Beveicly Ann Gre.gors? tSEAZ) ~ ~ -,f~
~ ' ' . ey~rr_~n:
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~dl•iCh flld ~ ~ ~1tJ 1~~41'~s a~M~~?~e]Cedi
~ Ooiuple~, ~Dd CWnpb? ~~l ~ •
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~ 0~ ~D3~ IYIOYtj~l~~~8~ ~a~
I~UOTt,~~~~8 218~+Bb~~Cl~1t~ i~~ CE~ aIId bB~~ VO~d. '`.f
. ADd ~le 11lO~t~ji~0~' OOV8II~A11~ ~i t0~0iV6: . -
i.. Tbat he t~ip p~ t6e iadebtedness, ~s hereinbetore provlded. Peivllea~e ~s reserv~e~d to : .
, debt in whole, or in an amount ual to one or more mon F~ the
ai ~1Y P~T~ta on the grincipa~l that are ne~t due '
. o~t t~ts n~te, an the flrst d~r of aRy month prior t~ maturity ; Provided, however, thst writtet? notioe of sn _
intention to ~acercise aach privilege ia given at leaat thirtY (84) da~rs Prloac to prepq t: and, Provkied i~
inrtt~er, that in the e~vent the debt is p~d in full ~rlor tq matmdty aac! at that time~it~is fnsu=+ed ander
~ . the Pruvis~as o~ the Nat~onal Houain~ Act, he wiU p~y to the m~rtga,~ee sn adjusted .premiam char~s oi
: o~te per centan (196 ) of the original principal smount tber~of, exoept that in no event s6a11 the ad,jnated
premium euceed t6ea~g~e te amount of preniium c6argca which wou3d h~?ve been pm~?~ble ii the morb- ~
: ~ had cuntinued to be i~ur~ed until maturIty: sach p~ayment to be applied bg the mortgag+ce upon ita
~tion to the Federsl ~iousing Comraiaaioner on ~ooount of mortgag~e insurance.
8. Thsk in or+der inore inlly to Protect t~e aeconry oi iais narignge, '~e moriga,~ar, together wi" .
and in addittan to. the mont6ly a; ts under the terms o~ the note secured herebY, on the Srst ciay~ ~
e~
c
h m
o
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h un
t fl t
he s a
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d na
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a
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pai
d, w~
i pay t
o t he mortgagree t
he faDavv~aQ smns: -
(a) An amount aaflicient to provide the holder hereof with !'nnds to pay the ne:t mortgag~e `
inauranoe prenninm if this instrument and t~e note ~red hereby are insured, or a month~y charge .
. (ia lien oi a mortgsg~e insurance premium) ii ~ey sre held by the Federal Housing Coa~nission~r,
. as fallows: .
(z) Ii and io loa~ iu said note af even date snd tkis. ia~trnment sre ina~red or srs reiasared m~der tl~a
: pra~tdons of tl~e Nationsl Hami~ Aek an aaaonat a~dent ta saamn4te in tbe baads o! tbe holdor
- . cme (i) mositL prior to its dns date the aanual na ~
' ' holder with lnad~ to pa socb preminm to t1~e Federal~~eada~C~a~nm~piis~~oaer~• ia order to provide snch ,
H Ad, as am~d, snd applkabls timu t~6ersa~nder • or ~~nt ta tbe Natio~sl .
; • ~u) u s~d~ s~ uid note ai evea data and
t~i~~ a~ra ~d tbe Federat Haadng Conuais.
~ . ~ioner, a mo~ (in Iten oi a aartgs~s insaranes prenaiun~ which shall be in an amo~ua! °
; ~ • e4w1 t~ ansa~~) oi onahali Per o~tnaa oi tbe anera~e ontstaAdini balanoe dns a~ tba .3
, note eotn~ted wltiwut t~s into seoonnt delinqaendes ot P~b: ;
' ~ (b) A snm equal to the gr~und rents, if any, next dn~ plns the premietms ttu~t w~ ne~xt beoome ~
i • - dne and pa~yable on pol~iea of rir~e and ot.her hazsrd insuratu~e o~vering the mortS~aBed P~I~~'~3?, us -
, . t~cea and aseesaments next due on the nartSa~ed prol~rtY (a11 ~s estimat~ed by the mort8age~) ~ -
! all swns already paid therefor divided by the number_ of mc,nths to elapse before one month prIar ~
; ~ to the c1~te whea snch gnound rent~, Pre~~ium0. ta~cea, and as+~easments will become detinquent, sach =
; ~ sums to be held by nartga,~ee in trust to p~,y said Sround rents, Premiums, tases, and speciel assess- ~ _
; . ~ ~ meata; and _
i ~ ~ ~ ~ ' •
; (e) Allpsym
ents mentioaed in the two preccding subaections o! this pf~ragraph and aD p~y-
me~ta to be made ander the note secured 6ereby ahall be added tog~ether ~nd the te smonnt ;
~ thereof shs~ll be p~td by the mort~a~or each manth in a aingle ~t to be ~ppL~ the mor~
~ . ~ee to tbe to~w~ items in the order aet iflrt~: _
ti) P~~ ehat~es nnder tbe a~traet o? fawraaes with t~e Federal Hondtus Coanmirioaer, or mo~tbt~
; ~ eha (is liau a~ mortaa~e inwr~u?N premium), as tl~e s~ue mn~ be; ~
` (u ~+cn~reab, ta~ces. aaam~nenb.llrr. and other hass~rd iosnrAaee pxmfnms;
~ (n~ aaartiss~ of ~gri~~ of nid iwha • -
. A:q? delkiency in the ~aeonnt of sach aggregat~ monthh?paym
ent ahall, imleas made ~od by, the
, • - nK~t~~r
~r t~ the due ~t~
o~f
the~next ~uch pa~??nent, oouatitnte aa event o! deiault under t6is mort~
. t~ ~Y ~ late charge not to esceed two cents iar e~sch daltar (#1 a`
a~~p
~mt~~~than flit,een (I6) daya in arreats to eaver the sztra e=petise in~notved ia ba~n,~
. . 3. Thst if the tAtd ot the pnymeata made by themortg?agnr nnder%(b) o~ paragrsph S p~+eoedia,~ shall
; e;oeed the amount ot psyments actually made by the mortga~ee, for gro~uod rents. t~u~es x~ a~menb ~
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