HomeMy WebLinkAbout2570 ~ _ .
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I~OR VA1.tT~ Rsc~YS~ tht und~rai=wd Pe~O~iN(~) ~ py b~ • .
J. I. YI81+~E 1~'1'0~?C~ C~PQB~TZQ 0~ ~Dil . '
j' . a oo~poeatioa o~r~e~d aed ~or~atin~ nndur
# tUe laws of Stsl~ at ?l~o~rida . o~ oerder. ths pariodpal amn ct rrith
~ BLBVI~ 't800S?1~D, B~tDdtl~D ~ 00~100 • • - • • Do11a:s 11 ~ 400.00 ~
' iaterat irom dsbe at the rate ot Fin ~ ane-fo~uucth D~` ~ 5} 'X+~ P~ '
I annum ~ the anp~id bal~nos nnttl p~td. TAe a~id princip~l u~d interest aE~stt bs p~y~ at the oefoe of
~ J. I. EISL~IC 1~8'TG~G$ CO~dTI'~ OFg~g~ i
~ ~ Miaai lrloride? ; or a~ anch otber plaos aa tbe
~ holde~r my? desi~nate in wrttin~ in moatb~y inatsUmenb o! ~XTY•T~ d~ Q4~100 .
~ DoUara 63•44 cooamencfn~c oa the !lrat d~y o~ aP~Ib ,18 65. and
~ - oa the flrat d~,y of e~ch inonth thanaiter nntil the prlacipal and inter+~st iu~e i'ul~? Pda. enept thst ths l1as1
~ ~ p~ytneat ot the mtire indebtedness avidenoed her~r, ii not sooner p~id. shaU ba dos and p~yable on tlie ~
l~rat dy? oi Md~tCB ,19 95•
i I! defa~ilt bs msde io the p~ymeut o! au~? inst~Uma~nt aader thia uo and i! sucb detanlt is not made
u
; rood prior to the dne date oi the next such inst~Ilmeat~ the entire princi aum aad aocived i~?t~rest shsII
~ st onos beoome due and p4yable without not~Ce at the opNan oi the holder of this nota Failara to e~cercise ~ ~
this o t~on shall not conatitute a waiver oi the rl~ht to eocercise tha same in the eveat oi any subsequent
s me
def t~ In the event a! deiault in the p~U?meat o~ t~s not~ and i~ the sanae ia oollected by sn ~tborne0r -
at Isw.the nnde~ignal hereby a~r~(a) to p~y sil cosb of oollectioa, includin~a:+~w~6is ~or~s fe~
~ Presentment, Prot~t, aad not3fle are bereby ~ived. ~ '
_ ~af ~ ~r •
Aubs~y L. Seager -
; ~ - .~sl Isyrs gee~er -
' I~tuae? Seager
z ~
~
;
; And alull dnl?. parom_pt1~1. n~ i~nl~ pertorm. ~esecute, eliect, oomplete. and oo~n ~ w?ith and
~ sbide b each ~undav~ the at~pntstions. agreemeats. tiona, u~d oavananb oi said note
~ and o! ~ mort,~~ thea tbis nwrt~e apd the eatste here~by cre~ted shaD oease and bs
n~~~i~~ void. .
~ And the n~a?rt,~a~or ibrther ovv~nts as io~loivs:
~ 1. T6st he ~II p4Y tha indebtedness,~ as heretnbefore pi~+ov~ded. Privile~+e is t+eserved to pqr the
~ d~t in whole, or in sa amount equal to one or more monthly P4yments on the prtncipsl thst ars ne~ct dne
z on the aote. on the rirat day oi ~ month prlor to matartty: Prmrlded, ~?awevcr. t6st wrlttea notioe oi an -
intention to exerc~se aach prtv~e~e fs ~ivea at least thirty (80) da~?s Prlor to t: snt1. Di'uvlded
further. tbat in the e~vent the debt is p~aid in fnU prior tq mstuurIty and at tbat it is insured ~mder
the provisions oi the Nst~onal Houain~ Act~ he r?~l p~Y. to the a~ort~ag~ee an a~usted pre~nium char~e o~
} ~ one per oentum (ig6) of the original princip~l smo~nt thereoi. ezoept tlut in na? a~vant ahalt the adjnated
~ premiam e~cc~ed the~t~g~egate ~nount of pranium c1u~r~es whic6 wouid hsve beea pa~ysble it.the mort-
~ o~bli t~~on to t~benF deral H~nred nntil maturity; snch p~ymeat to be applied by the mort,Qa~ee opon its
ga ' ousing Commissioner on ~ooonnt oi mort~e fnsnnnoe.
~ 2. ~ in order more tnlly to pr~tect th~ s~adty oi this mort,~~e, the mortl~,ior. to~et~?er~i~,
end in a~ddi on to, the ment6ly ~;~nm
ta nnder the terms of the aote aeaued hereby. on the 8rat d~,y a~
emch month unll the said note isp i~1ty Pe~id. will p~? t~ the mort~a,~ee the followlns snms:
(a) An sanount sufficieat to provide ffie holder hereof!_ wlth tunds bo puy tl~e ne:t mortgag~e
inanranee premiam i! thia inatrumeat ~nd the note eecnred henby sre i~anred. or a monthl,y.charg~e '
(in lieu oi a mort~g~e inaurance p~mium) ii they are held by t~e Federal Hausing Com~~ioner.
~ - as followa: .
" (t) Ii and ~e bos a~ s~id no~s a~ a~a, date and this in~tromeat ars ia~ured oar ~re t+einsnred mid~r tba '
p:o~rlaio~s ~ tLe Natiaoal Hoaains Act. an amouat ~oSfeNst to aeemm~late in tbe 6ands of tLs lwlder
o~ (1) mon_tb prtor to it~ dos da~e the annw~l~mort
s~s~at C~~um, in order to ~+~ide ~neh .
Lolder wit7~ inads !o soeh prem~am to tbs F H r ptirwant to t~ Naqousl
Aet. as ~ and ~p bls t6s~a~aad~r• or .
i - (a) 2! ~d a as sdd nots o! ere~? ~iad~l~b3s ~indru~at ar~ l~d tLs Fedaral Hooafa~ Coammi~-
- d~~ (~s) o~
hhai~ t i~m
j
p~er s~esa~e oabtaadjns bilan~os
dns
on~thet :
` nots eomplibd wfthont Wd~ into ~eooant ddiAqueades o~r prepl~m~ab;
1 -
; (b A sam equal to the ~rannd rents, if sny, nact dnR ~ns the-px~naiams that wIU ne~ct beoosne
dae ~~y~
e on polides ot lire ~d other h~ssrd inanr~uu~e oov~ the morEaaQed PrnPeriY. us
taxes anil -~s~essmeuta neut dne aa the morta~tg+ed~m~6~moa~thi ~timated by the n~rtgage~j
, sU snms alra~dy p~id ther~efor divided by the n to elspsa before one month prlor
" to the dste wh~ such ~ronad r~?ta, pre~nium~?, t:u~es, and assa~sme~b wiU beootne delinqnent,. anch -
; sun+s to be heki by mort~~ee in trnst to Pa~ s~d ~t+oun~d r~ts. Pa~m~mns, tssa0. snd apeciat assaa- .
~ meats; itnd -
, .
(a) Afl ~nents mentioned in the two preoedin~ s+ubsectiaAS oi this pa~r~raph aad s11 pp- -
; menb to be au~de nnder the nota securad hereb~ sh~U be added to~ether and the te amonnt
; thereot shsll be p~aid b~r t6e most~a~vr e~eh mo~th in a~ pa~yxae~nt to be apg~~ tha morw -
; ac,~ to ta~ ia~..~s it~ ~ t~ ~r to~a?: -
~ (t) pr~i~ ~ehsra+s nad~r t6a eoatt~d at iatour~ae~ wttA tu. lradrrst Hoastns com~t,doee~r. or m~omtals
~ ' ~(fn lffn ot aart~a~s imor~y~
mn), as tbs wsma~ b~; ~ f~;
(u s 1
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e~ premdpm~=
i (at i~ taiwt au t~
e aob~ ~sanred = aAd . :
~ ' (n amo~satlos a~ tbs D~iadPal ~ ao~. - . ` ,
~ A~~r ae~c~? in tl~e ~t oi sn~ aggre~ate monthly shall, ante~s made ~ood b~ t6~ y.~~:
: p~ior to the due dat~ oi the nact snch t~ tnte an event oi defaWt onder tbis mortr
~~~j~e.~~e mort~a~ee m~r oallect s"late aot to ezceed t~?o oe~b tor e~ doAas (;i at T`:
; ~
, ~ esch p~t mors tha~ liit~ea (16) d~1?s in arreasa to caver tLe eoctsa eocpenM inoohred in h~nd~in~ ~
~ D~•
8: 1'6at ii tbe to~W a! tl~e paymsub madeby tba ~rort~a~o~ an~:er (b) oi psrasraph g p~eeedfi~ d~It ~
e a W~ e a t
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