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Home My WebLink About0752 L f' ~ •r-•.. ~....J.. .ti' M~: ~~N'~i_ l , i,..~ i.~ : PbR y~?t.us R~quvaa, the uadersi~ned w~oanise(e) to py? to~ 't , ~ . • . . . ~ J. I. 1CISIJI[ MOR?GQGB CORPO~ATIOH OF FIARIDA . oorpor~tlon o~nts~ed and exiatias under the laws ot tha Stata of Florida ~or order, the princjpsl dwn oi ?BI~TBBN TUOUSAND SYX HUNDRBD 1rIFTY and no/100tha - - - - - - - - - • DolU~rs (=13,650.00 with iAtere~st irap d~te at tbe r~te oi gi{/g & ppg g+p~~ per centum ( 5 1/4 96 ~ I~ ~ anaum on the unpaid balaaae until paid. The s~id principal ~nd intereat st~t11 be p~yable at the o~oe oi ! J. I. 81s1ak Mpxtgage Corporation ~ ' ip Miami, Dada Caunty Florida . or ~tsucb other plsoe As the holder d~y deaignate in writing. in monthly instal~ments o! SSV~ITY FIYS and 48/100ths I?ollara (i 75.48 aodnmencia~ on the flrst dsy ot Harch . l8 65 . and on the Rrat duy oi each month theresfter wntil the princip~?1 And interest ue fuUy p~?id, escept that the flw~l ' payment oi the entire indebt,ednees ev[denced hereby~ ii not eoouer psid~ shsU be dae and psyable on the fli~at day of February ~ 18 • 95 Ii default be m~de in the payment of u?y inata~Ument under this note. and i# such default ia not m~de ~ ~ood prior to the due date of the next auch insta!lment. the entire principnl sum suid aecrued intereat ahaU At once become due xnd payabte without notice at the option of the holder oi tl~is aate. Failure to exetrise thia option shall not cor~stitute a waiver af the right to exerciee the same ia the evept oi any sub~equent ~ defaulk Ia the event af default in the payment of this note. and if the 8ame ia eoliected by an attorney at lsw. the undersigaed hereby agree(s) to pay atl costa of oollection, i.ncludin~ a reasoaable attorney's iee. .Preeentment, proteat, a~nd notiae are hereby ~raived. 1 • _ /el Iteverand Gerard ~T. Manning , ~ Reverand Gerard J. l~fanning y • . - - r ~ , ..___(s~ George A. Sg res~_~ol. U= S. Asmv Col. George A. Sp~ces 1 T And sh~ll duly. PrompW?~ snd l~Up Perform. dia~6arge. execute, eReck oo~aplete. and comply with and abide by eaeh und every the atipula~tioas, a~reemec?ta. conditions. and covenauta of sa~d p aote + •nd oi this mortga,~e~ then this mortgaae aad the eatste hereby created shall ceaae and be null void. ~ Ar~ the mort~agor further ouveaanta aa iolbvrs: ' l. That he will pay the indebtedneas, sa hereInbefore provided. Privilege is reserved to pay the , debt in whole, or in an amount equal to one or more monthly paymenta on the princip~al that are next dne ` on the note, on the firat day of any month prior to rnaturity : Providcd, however, that written notice of an ~ ~ intention to exercise such privilege is given at least thjrty (30) days prior to prepayment; aud, prnvided ' . turth~r; that in the eveat the debt ia paid in iuU prior to maturity and at that time it is inaured under the provisions of the National Housing Act, he wiU pay to the mortgagee an adjusted premium charg~e of one per centum (l~b) of the originai principai amouat thereof. except that in uo event ahall the adjosted ~ premium exceed the aggregate axnount oi premiumcharges which would have been p~yable ii the mort- gage had continued to be insured until maturity; such payment to be spplied by the raortgagee upon it~ s obligation to the Federal Housing Commiasioner on account of mortgage insurance. ~ 2. That. in order more fully to protect the secucity of thia mortgage~ the mortgagor. tog~ett?er vvith and in addition to. the montWy paymenta under the terms of the note secured hereby. on the first day o~ each month until the said note is fully paid, will payto the raortgagee the following sums: (a) An amount su@icient to pmvide the holder hereoi with funda to pay the next mortgsg~e insurance premium if this iAatrument and the note securEd hereby are insured. or a monthiy charge ~ (in lieu bf a raortgage insurance premium) if they are held by the Federal Housing Commis~ioner. ~ as foltows : ~ If and ~o long ae said note oi even date and this iiutrument ase insured or ars reinsured under tbs prurisions of tl~e Nwtional Housing Act, an smount suf8eient to ~oeuanulate in the h~nds o! tha holder one (1) mont!? prior to its due date t~e aanusl a?ortgags insuranoe pramium, in o~+der toprov3de sroeh ~ holder with fynds to ps such premi um to the Federal Housin~ Com~aissioner pursuaat to the National Housiag Ac~ aa am~ed. and spplicable Regutatiow th~t~eunder; or , ~ (u) It and ~o lon~ a~ asid note of even dste abd thu iastrament are beld by tbe Federal Howing Commii- ~ioner. s monthly eh~ (in lieu ot s nwrtgage insuranos •prmmium) M}Iltll iII~II b! !A ~ iiDOWlt - eqwl to one-t~velfth o! one-halt ('K ) per oentum oi tbs sverage outatandin~ baW~oe dve on the note eomputed witlwut takin6 inb aoouunt ddinqaencies or Prepaymeab: (b) A sum equal to the ground rent$. ii any, next due, plua the preiniwns that will next beoome due and payable on policie$ of fire and other ha:ard insurance covering the mortgaged property~ plue taxes and assessments next due on the mortgaged property (all ae eatimated by the mortgage+e) less . • 'a11 s~ms already paid therefor divided by the number of munths to elapse before one month prior ' ~ to tbe dAte when such gr+ound r.ents~ _ premiuma. taxes, and asaessmenta will become delinquent, auch sums to be held by mortgagee in trust to pay aaid ground rente, premiwna~ taxes, and special asaeas- ; ' ments; aad . ~ (e) Ail payments mentio~ied in the two preceding aubsectiona of thia paragmph and aU pay- : - msrtb to be mxde under the nots secured hereby shall be added to~ether And the ~te a~cwunt . ' . ~ thercoi shaU be paid by the mortgugor each month in a sin~le p~yenent to be spP~ied bY the mort- gagee to the foUowing itema in the order set forth: ~ . : i (i) preminn? ehar~ea under the eontract of iusursnos with tbe Feders) $oa~ias Cor~isRioner~ or moiitbt~ . i .ehRsg~e (in Ueu oi mortga~e insarana pe+emium), u tbe ea~e msY 1 ([t) ground reats, taxa. ~a~esanente. fire, snd other ha~rd i en~nranee pnaaiwas; - : (tu) iAterest on tbe note ~eeured bereby: and - • • ~ ~ (tv) ~mortis~?tion oi tLe psjadpai of ~sid aote. , • Any defkiency in the amount oi such aggregste monthly payment shall~ unlesa made g~ood ~by the ~ nartgs~or prior to the due date of the next auch ps~rment, constitute an event of default ~t~der this inorE• ~age. The aattgagee may cullect a"late charge' not to exceed two cents (2~) for each dollar (~1) o~ esch p~??yment more t~n fifteea (16) dsys in arresrs to oover the extr~ enpense involved in handliaQ + ~ del~nquent psyments. . ~ ` • 3. Ttu~t ii the total oi the paymenta made b the mortga~or under (b) of paragraph 2 precedin~ shsU exceed the amount of payments actually made ~y the mortgagee. for ground renta. taxea and aseesn~rneAb ; ~'~8~?'.~~ ,i~ ~~~7 • _ ~ ~ . ~ O . Q