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Home My WebLink About0784 ~ ~ ~ . , ~ . . • , , PbR VALbB R~cstv~ the undersi~ned pt~anise(s) t~o pV to i 9TOCKT~1 ~ V8A'1~EY, DAVIN d~ COMp~Y . ~ a ocrpontion organhed u?d exiatins under the laws of Stste o! Florid+a , or order. the principal aum of ` '1~IELYS THOOSAI~D F'OIIIt SOAD$ED de 00/100 - - • • - - - DO~ ~i 12 400.00 w~th ~ interest irnm date a~ the rate of Five & oae-Yourth P~ ( 5} ~ ~ annum on the unpaid balanoe until paid. Tfie asid principsl and interest aha11 be PqYsble at the o~oe oi - S'TOCICT(~i ~ M18ATI.B~f ~ D~AYIN de COl~A1tY in Jacksonville, Florida . or ~t such other place ss the holder may designate ia writing. in n~nthly instsllmenta oi SIXTY-ffiG~T & 5~~100 Dollara (a 68. 57 'AIDIR@AC1A$ OA ~iC Rl6t ~ Of gEBRUARy .19 65. and on the first day of each month thereaiter until the principal and intereat are fully paid. e~coept that the final pnyment o~ the entire indebtednesa evidenced hereby, ii not aooner paid, shall be due and paysble on the ! . fii~st day of JeNOARY .19 95• . If default be made in the pa~yment of any installment under thia note. and it sucb defsnlt ia not m~de ~ good prior to the due date of the next such instatlmenk the entire principai aum and ~ocrued interest a2?all at once be~wme due and payable without notice at the option of the holder of thia note. Failure to exercise : this option shall not constitute a waiver of the right to exercise the asme in the event o! any subsequeat ~ defaulk In the event af default in the payment of thia note. snd if the aame ia oollect~ed by an attorney ~ t at law,the undersigned hereby agree(s) to pay ail c~eta of oollection. includinga reasonable attorney'a fee. Presentment, pmtest, and notice are hereby waived. . ..1~ I~yron A. Me?renin ' . . I{yron A. M~renia : I ; ~ Maria Me?renin ~ ' ~ ~ Marie Marenin ~ ~ _ f And shaIl du1Y. P~Pti7?. snd iallY Perform, diacharge, e~cecnte. e8'ect, oomplete, aad eumply wlth snd ~ abide by each and every the atipulationa, agreementa. oonditions, and oovensnta of said pmmisaory note ~ and of thia mortgage, then this mortgage and the estate bes+eby created ahs11 cease and be null and void. _ ~ And the mortgagror further covenanta aa iollows: ~ ' ~ : 1. That he will pay the indebtednesa, aa hereinbefore pmvided. Privilege ia reaerved to pay the ; debt in whole, or in an amount equal to one or more monthly p~?raenta on the principal tha?t are next dae " on the note. on the firat day of any month prior to rnaturity : Provided, however. that written notice of an inteation to exerciae such privilege is givea at leaet t6irty (30) days prior to prepayment; und, provided ~ ~ further. that in the event the debt ia paid in fnll prior to, msturity und at that time it is inaured tmder ~ the prnvisions of the National Housing Act, he will p~y to the mortgagee an udjusted priniuin charge of : one per centum (lg6) of the original principal amouat thereof, exoept that in no event shaU t6e adjuated premium exceed the aggreSate amount of premium charg~ea which wonld have be.en p~yable if the mot~ ; gage had continued to be inaured until maturity; snch pa~ym~t to be applied by the mortgagee upon its s obligation to the Federal Housing Commissioner on acoount of mortgs,ge insurauce. i 2 That~ in order more fully to protect the secucity of this mortgage. the mortgagor, tog~ether with, ~ and in additioa to, the monthly paymenta under the temns of the note secured hereby, on the tirst day of ~ esch month until the said note is fully paid, will p~y to the mortgagee t6e following sums: ~ ' (a) - An amount sutHcient to prnvide the holder hereof with fnnds to pay the neut mortgag~e ~ i insurance premium if this instrument and the note seeured hereby are inaured, or ~ mont~ly charg~e (in lieu of a mortgag~e insurance premium) if they are held by the Federal Housing Commiseioner. , ae followa : . ~ (i) Ii snd ~o long ss ssid note oi e.en date and tbis isstiame~?t ae+s insured or are rei~unred nnder the ~ pmvisions of the National Hoosing Ae~ aa aawaat su~eient to aeeumnlate in the hands ot tbe bolder ~ one (1) month prios to its due date the snnoal mortaags inau~anoe pnaJnm, in order toprovjde ~oeh }wlder with fund~ to psy ~~eh preminm to the Fedval Honsina Co~i~sioner pnrswnt to tbe Natianal i Housina Ae~ as amended, and appIieable R~ulstions t6enoades• or ~ (n) ii and s~ long s~ aaid note of even date and tliu instiumcnt ue l~d b7 tbe Federal Hondns C,ommi~- ~ ' sioner, s monthly char~e (in lien of a mort6aas in~nranoe pre~ia~) whieh shsp be in wa amonnt . equal to one-twrJith (~is) oi one~hali ) per centnm of the a~reraae wtstandlag balanoe das ~ t6s ~ note aompated wiWout tating into aetonnt delinqnenetes or Pi'aP~Y~~: . (b) A aum equal to the ground rents. if any, ne:t dne. plns the premiuma that wal nezt beoome due and payable on policies of Rre and other hazard insurance eovering the mortgaged pmperty, plna tsxes and asaessments next due on the mortgageo property (all aa eat~imsted by the mortg~,gee) less ~ all sums already paid therefor divided by the number. of munths to elapae before one month prior ~ to the date when such ground rents. premiums. tax~. and aasessraents will beoome delinquen~ such auma to be held by mortgagee in trust to pay said gnound rents, premiua~a, taxes, and spec~ial aaeess- menta; and ~ ~ ~ (c) All pA y~ments mentioned ia the two precedin~ snbseclions oi t6is psra~raph snd sll p~y- ~ mants to be made under the note sectu~ed hereby ahall be added tog~ether snd the aggre~tte amount thereoi ahaU be paid by the mortgagor each month in s aingle payment to be spplied by the mort- ~ gag~ee to•the following items in ~the or~er set fort6: ~ (i) Premina~ elur~es under tbs oontraet oi insara~eswith tLs Federal Hooaint Commirioner; or monthl~ . ehar~s (in lieu of mortas~e insnranoe prrinium). as tbe ease ms~ be; (u ~round rents, tazes, ~ments, Qre, and otber ha~ard insoranae premiom~; (ut; interest on tbe note ~ecurcd hereby; and • (tv) amortiution of the prlneip~l oi ~aid note. A delkiency in the amount of such aggregate monthly psyment shaU, unlms made ~ood by the mortg~or prior to the due date of the~next such p~~rment~ oonatitnte sn event of default under thia mort~ The mortgagee may a~llect a late charge not to euoeed two cents for euh doUar (;1) o~ e.~ich payment more than RftRen (15) days in srrears to oover the eutra espense involved in handlin~ delinqnent psyments. S. That if the total of the paymenta made by themo:tgagor under (b) oi psra~raph 2 p:+eoeding ahaIl ~ e;ceed the stnount oi payments actually made by the mortgag~ee. for ground reats. tauea and sssea~meab . ~ ~ ~ _ - e~~R~ 1G~ ~~~~.~0 ~ ~