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Home My WebLink About2333 1 - Fott VALUS R~[vaa. the uadersi~ned promise(a) to p~y to ~ J. T. STh1alA8T KOR'1'GAG$ C0. ~ INC. • the laws oi ` Stste of Florida ~ a oorporat~on or~ani~d end existin~ under , or order, the princtpsl sum ot NINE TSOIISAND, Od~S SUNDiRBD FIFTX de 00/100 Dollara (i 9,150.00 with intereat fmm date at ttie nte oi ~Yve de one-fourth per oentum ( 5} 96 ) per annum on the unpaid bataACe untit psid. The aaid principul and intereat ahall be pa~yable at the offioe oi ~ Coral Ga 2essFl ri~da~~~G~ ~C~ , or at such other place a~ the holder msy designate in writing. in n,nthly inatallmenta of FIFTY & 60/10(~ 50•~ ~~ommencing on the ftrat dsy oi /1PRIL ,19 65 , and ~ on the 8rat day of each month thereaiter untit the princip~al and interest sre iully paid. e~ccept that the final ' payment of the entire indebtedness evidenced hereby, if not eooner paid. ahall be due and p~?yable on the - fi~~st day of rf~RCS .19 95 . . If default be made in the payment of any installment under this note, and if such default is not made ~ good prior to the due date of the next such installment, the entirE principal sun: ar~d accrued interest shall at once become due and pa~yable without notice at the option ef the holder of this note. Failure to exercise thia option shall not constitute a waiver of the right tfl exex~ciae the same in the event of at~y subsequent ~ defaulk In the event af default in the payment of this note. and if the same is oallected by an attorney : at 1aw,the undersigned hereby agree(s) to pay all costa of oollection, includinga x~easonable attorney's fee. Presentment, pmtest, and notice are hereby waived. f Joseph Cristofaro Joseph Cristofaro ~ _ f s,~ Susan L. Criatofaro . S~,ise,n L. Cristofaro And ahaIl dnly?. I~+omPt~Y. snd fally perform, diac6ae g~e, e~cecute. eff~ct, complete. and comply with and abide by ea~ch and every the atipulationa, agn~cmenta, conditions, and covenants of said promissory note _ and of thia mortgage, then this mortgage and the eatate hereby created ahall cease and be null and void. And the mortgagor further oovenanta as followa: 1. That he w~l pa,y the indebtednesa, as hereitibefore pmvided. Privilege is reserved to pay the debt in whole. or in aa amount equal to one or more monthly paymenta on the principai that are next due on the note, on the fitst day of any month prior to maturity: Provided. however, that written notice of an iatention to exercise such privilege is given at least thirty (30) days prior to prepayment; and, provided further. that in the event the debt is paid in full prior to, maturity and at that time it is insured under the provisions of the National Honsing Act~ he will pay to the mortgagee an adjusted premium charge of one per centum (lgb) of the original principal amouat thereof. except that in no event shall the adjusted p=emwm exceed the aggregate amount of premium chargea which would have been payable if the mor~ gage had continued to be inaured until maturit3•; such payment to be applied by the mortgagee upon its : obligation to the Federal Housing Commissioner oa aooount of mortgage insurance. 2. That~ in order more fuUy to protect the security of thia tqortgage, the mortgagor, together with, and in addition to. the monthly payments under the terms of the note secured hereby, on the firat day of each raonth until the said note is fully paid, will pay to the mortgagee the foAowing sums: (a) An amount sufficient to prnvide the holder hereof with fnnds to pay the next mortgage insurance premium if this instrnment and the note secured hereby are inaured. or a monthly charg~e (in lieu of a mortgage inaurance premium) if they are held by the Federal Housing Commisaioner, aa follows : Ii and ~o long aa aaid note oi eren dste and this in~trument sre insured or are reinsnred nnder the pruviaions of the National Ho~sing Ack an smonnt ansieient to aoeumnlate in the hands of the holder one (1) month prior to fta due date ths aanual mostgsge insuranoe premium, in order to provide snch lwlder with funds to pay sucb premiwn to the Federal Housing Comraiaaioner pnrauant to tbe National Housing Act, ~s amended, and appL'cable Regutations therennder; or (n) Ii and so long as said note oi even date and this instrumwt sne heW b the Federal Honaing Commis- sioner. w awnthly eharg~e (in lieu ot s mortgage insnrance preminnnj whieh ahati be in an amoant eqnal to one-twelith (~Xis) oi one-half per cent~m oi the sverag~e outstanding balanoe due on the note eampated withont taking into seeoant ddinquencies or prepaya~ents; (b) A sum equal to the ground rents. if anq, next due. plus the premiuma that will ne~ct become' due and payable on policiea of fire and other hazard insurance covering the mortgaged property. plus . taxes and assessments next due on the mortgageo property (a1I as estimated by the mortgagee) less all sums already paid therefor divided by the number of m~ntha to elapse before one month prior to the date when such ground rents, premiums, tax~, and assesaments will become delinquent. such sums to be held by mortgagee in trust to pay said ginund rents. preminms, taxes, and special assess- meats; snd ' (e) All paymenta mentioned in the two preceding aubsectiona of thia paragraph and all pay- ments to be made under the note secured hereby shall be added together and the aggregate amount thereof shall be paid by the mortgagor each month in a single payment to be applied by the mort- gagee to the foIIowing items in the order set forth: ~ (t) Pre~ninni eharges nnder the contraet of insaranos with the Fedenl Honaiug Commiasioner, or monthly eharge (in lieu of mortgage insaranoe preminm). as the eaee msy be; (n ~round rents. taices, assesaments, Sre, and other harard insnranoe preminms; . (~u~ ~ntereat on tbe note secured herebY; and (n? aawrtir~tion oi the principal oi se?id note. Any deficiency in the amount of such aggregate ~monthly payment shalt, nnlesa made good bq the mortgagor prior to the due date of the next such pa~ment, oonstitute an event of defanlt nnder thia mort- gagr. The mortgagee may wllect a"late charge' not to exceed two centa (2~) for each dollar (~1) o! each payment more than fifteen (15) daya in arreara to cover the extra e~cpense involved in handling delinquent payments. 3. That if the total of the payments made by the mortgagor under (b) of paragrsph 2 preceding ahalt eXoeed the amount of vayments actually made by the rr~ortgagee. for qmound renta. taxea and assessmenta - . . • ~-~~K i'A[t ~~J ~ 't , ~ ~ _ ~ - r~ ~:t