HomeMy WebLinkAbout1247 { . a ~ . . r . • -
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- ; ' _ . • ~ ~ ~ ^ t~Y• J T ~ OONPANY,
_ l~ba Vi?WS R~ra0. ~ as~o~d pr~~~ ~ •
~ ' a llicbi.gan corporation authoi3-~ed to do busineaa uades ~ • -
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tlr bwa at Plos /a~/~y, , ce order~ the princip~l snm ot Bighteen ~
~QUB~d ~nd ao~W i~ w ~ ~ w YMM~7 ~~1~~000~00 J~ ~
~ ~~~~~~nq~ Pive ~ad one fousth p~~q~p, ( S_1~4 9i) p~
~ ~nnam as the unpnid b~alanos nntil p~id. Th~e stid p~inciP~l and intere~t shsll be p~Ws at the ot6oe o~ ~ .
+ JlU~S T. t. ~~d~dale, Plorida ~ ~
, or at wch qtL~r st the . ~
boid~r nyy desi~asts in wrlti~ in montl~, i~ts oi Ninety-nine and ~ 54 100ths ~
; ~ Dolt~rs (~99.54 . j. coaanrendn~ oa t6e &~at dp ot "August .18 63 , and
~ ou ~he tis~d day oi e~c6 atonth tl~erestb~r nntil the prlndpal and int~e+e~! ars iblb? W?i~1. e~oospR that t6s flnai ~
; p~ymeat o! the ~tire indeb~edness a~vldeooed h~reby. i! not sooner pdd, sbsU bs duoe and p~able an ths
' ~ drd da~r o~t July ! 19 93 . ~
It c~fi4alt be mada in the p~ymant oi an~r inst:Ument onder this nota and ii wch detanit is not mads
~ ,~~ood prior to the ~ue d~te~oi the next auch inatallan~n~ the ~tira p~rlncipsl amn and ~ocrueo wieres~ sbaII
~ . at ~os beoo~rie due snd p~yable wlt6out notioe at t6e ~ oi tha hoider o# this note. Fi3lnre to esercise
~ , t6is~ ahaU not ooostitnt~ a w~iver oi the t axercise the ssmd in the a~?t oi an1? aubaequea~t .
. t . default In the event o! defanlt in the pqinaeut~this snd ii the s~me is oo~lecte~d by ~n atbort~
' .~t hR.the und8rai~ned h~b7 ~ir'ee(s) to p~y sll cosb o~4a~;~ec~on, ~d~in~~ re~a~able ~?'s iea
P~+e~entme~t, p~+otest, and notios ~+e hereb~ waiv~ed. ~ .
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f ' ~ ~ ~ IDNA : J. v5I~8R, his ~ e " ~
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! ~ A~d sLafl inb. .~w1 lh14 Dar~o:~n. ~e~cecnts. e1[eet. ooanplete. ~u~d ca°p~r wlth~ .
; ~l~ide akh And p~~ a~enays ~oo~it~s. a~d aQVe~~snts c~ aid pe~~nis~r
wad a[~ n~~ this mo~rka~s and t6e estate h~+eb~ ea~+eated sbsll oe~ss and bs uull ~noid. - :
' J~d tL~ ino~o~r lMrt~rer oo~neownta as ioUo~va:. ~ _ , -
i ~ ~ 1. Tbst he wiR ppr t6e in~kbtedneas. as ha~reinba~tore parov~dea. Prtvik~e is r+~erv~ed to pyr the - ~
- ~~~t _~nn~t tn oee nr more m~thb uayme~nts on t6e nrjncip~l thst are na~ct dus .
ou the note, an ti~e ~rat d~? af aq~? moi?th Prio~ to niaturity: Pt+o~vided, how?eve~r, tiut wrttten nati~oe a~ sn .
~ inta~ntioa to ezercise sneh privile~e is sivea ~t least t6istl (30) days Peio~ t~ t; ~nd. ~o~ided .
; - foslhar, thst ia the a~t •the debt is p~eid in inU pr~Or tc~ mstarlb and at t6ap~is inaur~ed nnd~ .
~ t6e Pr'ovlsions a! the Nat~onal Hoasins Act. l~ ivitt pn? to the mo~t,~ee ~n +idi P~ ~~'s~ _ ~
one per oentnm (196) oi ti~ ori~insl PrlnciP~i amonnt thereoi. euept that in no eveat shsD the ~nsted
pe+mniam e~coeed the aniount af p~+eminm char[ea which wrould have bes~ pq?able ii the nart-
had o~tinued to~~~msw+ed antD matnrltT: ~ P~U?me~?t to be sp~ bY ~~~l~i'~e ~pa~ its
. a~ to the Fedenl Houe~ an ~ooount c~ mo~rt~s ~noe.
~ 2. ~ orde9r more inDy to protect the aewclty oi t6is nwr~e, tLe mortp~or. toget6eew~th~
' a~d in addi t0. t~ mentl~? ~~ymeats under the.tetms of the note secured hereby, on the 8rat d~? o~
4 e~~eh moath antil the asid note isp ni
li~r paid, wiu p~,y to the mortsas~ee the tolbwins aums:
; (s) An aawunt ~t to prov3de the holder hereof wlth i~mds to p~sy the nezt mort~ag~e "
; inanrauoe premium ii mis instarament s?nd the note seau~ed h~ereby are inwred. or a monthl,~ chsr8e '
(in lien of a mort~ag~e insuranoe paremimn) ii they sre held by tbe Federsl Housin~ Co~nmiaaianer,
~ aa follorvs : ~
; ti) Ii aad ~o lom~ as said Aot~ u[ a~an dst~ a~d this in~trnmea! a:+e i~sured or us reimnred nnder tLe
. prorLions oi tl~e Natio~al Hoodr~ Aek an amom~t ad6dant to ~eeomalate in tlre 6~a~s a~ tbe bolder
ao~ (1) moat5 sior to ib dos dste the anunsl~mort~s~in~ruranosc~~ p ndnm. in orda to pa~+a~ida wrb
~ • ~ H~~ A
~ss
~ima~de4~~ ~
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~aa~ gt~rs~sst to tbe Natioa~l .
' (a) Ii aad~ as aaid uot~ o! ~ea and iadra~mt u+~ De~db~ 1~s Fderal Ho~sins Caeo~is- .
i . aiao~s. a (ia lia~u oi ~ morti+~s i~rae~e~ P='~~? wbie3~ ~hsU bs in aa amount
. eqasl ~o aa~ittwa (~yb) o~ oae-bsl! t'K ) P~ aat~m ot tie s~erars ont~daadin~ bslanee dns aa t~
~ nots ~ompabd wltboat tal~ins into aeeoant d~ ae D~:
~ (b A sum eciual to the ge+oand rents. ii an,~r~ ne~ct d~ ph~s the Premimns that vviU ne~t beoane
. dos ~~y~e on po~icies oi !l~+e ~nd other hasard insarauoe ooverln~ the iaort~ed propert~ w
~ - _ tat~es and a~sments ne~t doe on th~e nwrtsa~ed (sD as estimsted by the mortgngee~ ~
~ ~ aH inms ahr~rdy Paid thereior divided by the nwm~~mantlu to elspse before one nionth prior .
ther
i to t6e date w6ep anch t+eats. nms. tsses. aad aases~meata wiU beoome deliaqaest, snc~
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c~~ p~ i
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j ` ments; and ~ . -
' (cy All b n~ntloned in'the two preoedint sabsectio~ns of t6is p~urs~raph and aD p~r.
` ments to be n~nnder the note secnred hereb~ ahall be added tosether snd the ~re~ate amount .
. tlrauod ah~11 b~ ~sid b~ t6e morts+~o'r ~ch moath ia a sin~N p~nc~t to be ap~p~~ed b7 the mort- ~
~ sa~es ts tbe fdbwiu,t ite~os in the o~+der set lo~rth:
: (t) prwoias e~arps rad~r t1~ aoatsset at i~nrat~a wltb ~ F~detsl Hoo~te~ Co~dow.-r, ~~~b
~ ebt (h liao d mortp~ inwrsnN m~). as Hr ea~s ms~r b~: . .
, tu p~reoL. ta~. a~. ~otD~r hmrfl i~sonaee greaeiue~i
; inte~
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~~p~al ~~nid~ao~~i. , . - -
Any d~idmrcy iu the amonnt of anch a~re~ate monthlyp~y~en
t ahajl. tmlen made ~ood b7? ti~e :
' pe~tor to the doe clate oi the nest wch t, oonsititnte sn evmt c~ deiwlt nndsr thia~.no~t~
~ ~~~~s n~orttaree ma~? cdlect a"late not to e:dosed two oenb (2~) tnr ~~il ~t
, ~ pvy~ramt morp than !liteea (16) dyrs in srt+ears to oave~ the eztra aa~p~ue ~n h~f
F i ~ • ~ . ' . . . .
; ; a. 'lbat ii t6e total oi the p~rn~ab ma~ieb~r the wort~ar ander (b) a[ psrs~rsph 8 p~tboedint sha11 . ~
s ~osed tb~ aadouAt ot psymenb actwlly msde pg ~he.mortp~ee. tor.~roand t+ents. taxe~ and aae~aeob -
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£ _ ~ - ~ : ~ . _ . - _ : . . . _ . __..._~.--s ~ ~.R~ 1~0 t~;c ~4'~' ,
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