HomeMy WebLinkAbout0769 T5s l[ae~oc b~t~ab~ oo~a~nts w~ti tiN l~[ortpre~s~, tl~ w is adeteMib~ _reired ot a~id Lsd in te~
ar a~i ot~eir~ ~f ~j r i~ t~af~d berw~e; tl~st l~r fnH po~wer aird Irrr[a! r~ ~o oon tM rnss
~rMld; f~L WW 1~ ~+lo II~1 ~ ~OlQtr Y~S O~l~l ~AfAd ~ f~~i f.'i1~~0~!
Rl~ 1ni~! i~d0~ {O pl~07+0 ~ i~0l~d d~ ~O M1d V~ ID!~~ ~~M ~1 ffiS~ ~ riYOa
req
Yt1~l~~ ~ fild ~Oi~O! dOei ~ ~ii!'<II~ ~E h~ ti0 f~ld a~
~will deteud t~w a~ra~s ~i ths h~rial dai~r ot p~+rroos w3an~oe~ar.
P~O~'ID~D ALrIAY~ ~fL lt ~ MOl~~QT t~ ~y' dIItID ~ M~~~ ~L OOC~il11 ~Q~MR~ DiDtE~ O~
~'b1iCh ~ fO~~OwiOg lf a rll~~tlil OO~J~ LO wit:
qioo.oo ~bac~ ri~rc~ , ~larias.
A~rt 5 •1~ 65.
Fae V~.vs Rroc~su, tbe unde~ed pnxr~ise{s) to pyr' tc+
V~1AF~ ~ CO~11wT
> ~p~tiaa or~?nised aad eari~in~ nnder t~6e
bws of ~ Btats Gt l1o7t~ida , or order, the principsi sum of a/yi~~s '~o~d 4de 8q~d1'~ed
~ ~,iM/~"~~~~~~wr~~~~~~~~~~~~~~~~~~~~ 9'i~/~W ~{~4 ~K.~ lY~l ~M_* 64
tbe rate af ~'ir^e extd COie-q+t~a7c'~etr pcr aartwau Pee' aar?um oa the unpud balanoe untii pnid.
Tbe eaid principal and interest e~all be payatile st the oS`ice of P~ 7]AO
Hi~ca~r~ Boti]~~srR
:n lfiami ~ Florida , or at euch other pl~oe ~s the hdder msy dee~ignste in writing
delivered or aui1ed to t~e debtor, in monthly instal:~?~te of 1~'i~ etid 32~3~~0-•----------~--Dollars
50.32 commencing an the firac d:?y of October , i9 6S ,,~ad oontiauin6 on the
first dsy of esch month therentter until tbia nate is inIly paid, exoept that, if no~ sooner paid, the finaipaqment
oi principat ~?nd interest e~h~?ll be due and pnysble on the fira~ dsy af ~#t , 1S 95 •
Privileg~e is reeerved to prepsy st time, witLout premium or fee the ~antire indebtednees or snY P~
thereof not lees than the amount of o~a metsllment, or one hundred dol~are (;100.00), ~hichever is lees.
If say de8cunc,y in the psym
ent of aay inatsl~o?ent under ~hie note ig not mede geod prior to the due dste
oi the nazt such inetaUment, the entire principal aum snd accrued interest e~hall st once beoome due and ~ay-
sble without notice st the option of the holder of t~his note. Failuire to ezerciee this option shall not oo~trtute
s waiver of the right to ez~rcise the same iu the ~r*ent ot any auhgequent default. In the event of default in the
psynaent af this note} a~ if the e~?me is oollected by an sttorne~ st ls~v~ t~he undersigaed hereby agree(e) to
P~Y ~ oo~e~e of oollection, inclnding s reaeon~?b1e stLorw~
y'~s fee. : .
This note ig eecursd bp mo~ of aven date execu~ed Dy the und~rsigned on aert~in property de~acribed
tLerei~n, snc~ repx~esente money act y used fos the scquisi4ion of eaid ~roperty or t~e improvemeut~ t6ereon.
Presentment, pratest, ~nd noti~ ure hereby.waived. ~
• ' ~s u. ~ - L~]
• • J~res x. Dai~su
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And ehall dnly, promptly, and fully perform, discharge, execute, effect, complete, and comply with and abide
by each and every the stipulations, agreements, conditions, and covenants of aaid promissory note and of thia
mortgage; then this rnortgsge and th~ c~tate hereby created shaU c~e and be null and void. .
'I~e Mort6agor further oorenaats as follo~?e:
1. T6st ~es ivill PaY the indebtecinese, as hereinbef~re provided. Privilege is reserved to prepsy at any time;
without um, a fee, the e~tire ia+debtedne~s or any part thereot not le~su th~a tbe amount of oue installment, or
one hun red dollars (ilOQ.00), wh~chever ~ less. -
2. [n order IC]OTP full~' to -protect the security.of this mortgage, t}ie Aiortgagor, t,oge.ther ~*ith, anci in
ad~lition to, thc mont.hl~' paynient~ under the tert~s of the note secured herebe , on the fust da~• of each nionLh
until the said note is full~ paid, will pa~ to the IVfortgo.gee, as trustee, (under t~ie terms of this trust ss her~in-
aft.er stated).the fallawing surns:
(s) ' A aum eqw~l to the ground renta, if any, aeat due, plus the premiums that will next beoome due and payable
on po~icxee of fire and other hasard inMU~nce oovecing the mortB~ ProP~Y~ Plua ta~ces and s~sessments
next due on the mortgaged propert (a11 ae eatumat~d bY the Mortgagee and of which the Mortgagor is
notified) leea ap yuma already paid ~or divided by Lhe number of montha to elapee befare ona manth
prior Lo the date when such ground rents, premiums, ta~ces, and essesaments will become delinquent,
euch euma to be held by Mort,~ageeintntsttopaysaidground rents, premiume, ta~es, aad special a~essments.
(b) The ag,~?t~ of the amounts payable purauaat to subpsrsgraph (a) aad thoeep~~
yable an the note 4ecured
hereb~, shsll be psid in s~ingle payment each month, to be appUed to the f~llowing iteme in the order
etat,ed
; Cn g~round reata, taxes, sss~smenta, fire, and other haaard insurance premiume;
~ (It) iatere8t oq the note eecured hereby; sad
(TII) amortisation of the principal of said not~e.
Any deficiency in the amount of suchsggregste monthiy payment shall, unlesa made good by the lviort~-
gagor pryor to the dc~e date of the next su~h payment, const~tute an event of default, under this mort,gage.
At Mortgage~'a option, Mortga~or will pay a"late charge" not exeeedimg fQur per centum (4°Jo) of any install-
~ent when paid tttcu'ie than ~fteen (15) daye siter the due date therenf tc, oaver the extra expease involved in
handling del'inquent ~syments, but such "late charge" shall aot be payable out of the proceeds of any sale
made to ~atiafy the ~ndebtkdnesa secured hereby, unlese such proCeeds are aufficient to diachsrge the entire
indebtedness and ell proper casts and expenae~ aecured thereby. .
3. If the total of the pa~-ments Illd(~E' b~• the tilortgs~or under (a) of paragrapli 2 precedin~ shall exceed
the amount of p~~-ments actuall~ macie b~ tf~e ~vlortgagee, as trustee, for ~round rents, taxes and aasessments,
and insurance premiumg, as the case ms~- be, such excess shali be credited on sut~sequent pa~-Tnents to be inade
bf the Mortgagor for aLrh items or, at~A'Iort~agee's option, as trustee, 9ha11 be refunciPd to Mortgagor. If,
however, sueh monthl~ pa~-ments shall not be sufficient to pa~• such items when ti~e same shall become due
and pa~•able, then t.ha :~lortgagor shall pa~- to the ~iort.Ra{tee, ~ trustee, an~- amour~t neceasar~- to make ug
the de~icienc~. 5uch pa~-ment sh~ll be mac1E~ within t.hirt~~ (30) da~s aftc~r w-rittPn notice from t~e Mortgagee
stating the suiount of the deficiency, which notice may be givon by mail. Lf at anyQ ~t~e,Mortgag~q~r~1
BOGK ~ 4 1b~1
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