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Home My WebLink About0328 , a~f~• •Y'~+A~..~.r A'?..wr ~ ' _ -~~~~i'.KJ~~~~ ~~~..^A ~ _ - - _ _ _ -'Y~+~'M~LwM.~..: • ~ ~ ! ~ • ' I+bs V~t.tne Asc,s[v~ the uaderalQned promiae (s) to p~y to ~ . . ' ' ATICO FINANCIAL OORPORATIO~i ~ . . . . ~ ~ ~ oorpor~tton or~aised~and exlatla~ undes tRe laws oi De la~ta~ - . or order, the prIncipal awn oi ~'ourteen thousand live hundred _*if ty and No/100 DoUiurs 14, 550.00 with ii?tereat fro~a d~te st the rate oi live and one quarter per oentum ( 96) per ann~m on the unp~nid bsl~noe w~til pald. The s~id prit~cipal and intereet ah~U be p~y~ble ~?t tbe o~oe oi ~ ATI00 FINANOIAL CORPORATIc~N ' ~ ~o l~ilami , Florida - . or at auch ottier pla~oe as the hQlder nuy desi~uts in writiag~ in monthly inat~llmenta oi Eighty enQ 4b/lOQ Do11w~a (i 80. 46 commencin~ on the itrst day oi ~ xarab , 19 6 j. and oa the flrat day oi each ~nonth theresfter nntil the principui and Iaterest are fully p~id, exoept tbat tbe flnsl ~ paytnent oi the entire indebtedaeas evidenoed hereby. li not sooner pnid~ ahall be due and payable on the R~~t day o! February .19 95• i ' Ii deisult be made in the o~~,ymeat of aay inatxllment under thla note ~nd i! aach defsult is not ma~de i ~+ood prior to the due dAte of the ,,axt such inatalln~enk the e~tire princip~ aum s~nd aocrued intereat ahsU f st once beoome dne and payable without twtice at the opti;.s oi the holder oi this note. Failure to exerciae this option ahall not oonatitute a waiver of the~ t to euet+cise the same in the event of any aub~equent ~ default In the eveat af clefault ir? the p~ayment o~ this note. Aad ii the same ia oollected by an attorney ~ st law.the underaigAed hereby a~ree(s) to pay all costa oi eollection, includin~,a reasonable attorney'a i~ee. ~ Preaentment, proteek snd notiae are hereby wsived. ~ s/~Qharles•D. Clemente 8ea1 ~ ~ (State Doawnentary Starnps .~'_~..~S~~ISS . f affixed to original note _~,j ~;s,g: B. Cleme Le ~,jg~~ ~ and oancelled.) Luay B. Clemente . ~ _ 1 . . ~ . { i Aad aha11 dulY. F~P~1Y. a~ ~b1~Y A~o~, ~~~e, euecute, eSeck ownplete, and oomply with ~nd 3 •bide by each and ever~r the atipulationa, agreementa. oonditions, and oovenants oi said promissory note ~ snd oi tbis mort~age, then this mortga~e and the eatate hereby created ahall cease nud be nuU ar~d void. u ~ And the mortgag~or fnrther oovenanta as follows : ~ 1. T6at he will p~r the indebtednees, as hereinbefore provided. Privilege is reserved to psy the ~ deht in whole, or in an amount equal to one or more monthly p~nents on the principal that an next due on the note, on the first d~y of any month prior to maturity : Provided. however. that writt~a notice oi sn ; intention to exercise such privilege is given at least thirty (30) days prior to prepayment; and. provided ~ ~ further. that in the event the debt ia paid in full prior to, inaturity and at that time it ia ~na~red under ~ . the pmviaions of the National Hopaing Act, he will pay to the mortgagee a?a adjusted preanium chsrge oi - one per centnm (1y6) oi the original principal amount t6ereof. except that in no event ahaU the adjusted premium exceed the a,gg~+egate amount of premium chargea which woukl have been psyabie if the moc~ ga8~e had eontinued to be inaured until maturity; su~ch g~ayment to be appliecl by the mortgsgee upon its - obligation to the Federal Housing Commisaioner on aooount oi mortgag~e inaurance. . 2 Thak in order more #ully to pmtect the secudtjr oi this mortga~e, the nartgagor. together with ~ snd in addition to, the menthly paymenta under the terias oi the nate secw~ed 6ereby. on the firat day o~ ~ each mont6 until the aaid note is fuUy paid. will pay to the mortgagpe the following suma: (a) An amount sufHcient to prnvide the holder hereoi with funda to pay the next mortgag~e ineurance premium i! thia instrument aad the note seceired hereby are Snaured~ or a monthfy charg+e (ia lieu of a mortgage inaurance premium) if they are held by the Federal Houaing Conunisaioner~ aa foUowa : . ~ (t) Ii and w bng a~ aaid note oi even date snd t~is i~utrameut are inmred or are reinsured nnder the ~ o e~ 1) m nth~r or to ita due da°gte th a~ni?w~l nt au~leient to sanmulate in the hands oi the bolder ~ p rtBnBe inwranoe pnanium. in order to provWe iueh lald'.r with iw~ds to pay such pre~ainm b the Federai Howing Coamai~sioaer parsuant to thr National ~ Howiag Act, ss amtnded, and spplksble B~nbtions thermnder; or (II~ IZ i~ld b IOAg ie si~ AO~E Ot EYP.~I date and tb~s inatsumeat ue heW by the Federa! Honsing Commi~- ~ sioner, s awnt6hr ~(in lieu oi a aiortgare inwzanes pnmium) whieb ahsll be in an smonnt n~ots ow ~pted ~rith at o one-ha~i ('1~ ) Per caitnm oi the ~verage outatandins b~lanoe dns on the ~ P tvdaa into aooount deslinqaendes or PnWYmettt+: (6) A sum equal to the ground rents. if any. next dne, ptns the premiums that will neut become ' due suid payable an policies oi Sr~e and other t~azard inauranoe covering the mortgaged p y, plus ~ tszea and sssessments next due on the mortgaged property (a11 ae eatimated by t6e raort~~,~ ) leas sll sums ~already paid therefor divided by the number of mr,ntha to elapse before one month prior to the date when such gronnd rents, premiums. ta~ces, and assessments wili become delinquent, such . suma to be held bq mortgagee in trust to pay eaid gmound renta, premiwns, taxea, and special aasess- ~ meata; sad ? (e) AU paymenta mentioned in the two pre~eding aubsections oi thia psragraph and all pay- menta to be made under the note secured hereby ahaU be added together and the aggregate amount ; thereof ~halt be paid by the mort~a~or each month in a sin~le pn,yment to be upplied by the mort- gagee to the tollowing items in the order aet iorth: (i) Prrmium ebutres under the oontract o! insuranas with ths Federal $oadn~ Camminioner. or monthl~ ! chargs (in lien oi mortgage insnr~n» pre~niwn)~ as t}~e aae msy bs; . ~ - . (II) graund r+ents, tues. a~nenta, !lre, sna oiLer hnsard insnranoe preaninm,r; i ~ (m) intereat on tbe nots secured herebY: ~*d ~ (tv) aa~orti~ation oi tLe pr[ucipal of eaid note. • ' _ Any deficiency in ~ the smount o! such ag^gregate monthly ~ayment ahall,' nnlesa m~de g~ood by the ~ - mo~preor to the due date of the next such pa~rment, conehtute an event of default under fihia mort- ~sg~e. mortgagee may cullect a"late charge' not to exceed two centa (2f) for each dollar (=1) o~ each payment.more than titteea (16) daya in arreara to oover the eatra exp~eaae iavolved in handlin~ ~ deliaqueat paymenta. S. That it the total of the payments made by the mortgsgor nnder (b) of paragraph 2 preceding d~ ~ ~oced the aa~ount oi paymenta actually made by the mortgagee. for qenund renta. taxea and aeaeaements ~ C~ . 84~~ 108 fA~E3~4 v . . . ; . _ ~ - f. _ . . . _ .