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Home My WebLink About1303 . is t~~ # ~ ~ ~ ~f 3~~ ~ . . . _ . . seid r:~~r;gr,goi does heceby fulty warcant the tit4 to said iand, aad evety part thereof. aad will deEend the saa~a against the tawful ctaims of all pe~oaa whon~soever. - 1'r2UVlDED ALWAYS. and tltiese pcesents ace exectded aad dellverad upoa the followla~ coadltioas. to wit: 7 i,e mortgagoc a~ees to y the matgagee. a~c ader. the Principitl sum of ~Op ~~D ~ ~ rii~i W~W~ ~ • w ~ • ~ • ~ ~ ~ ~ • ~ • ~ ~ ~ ~ • • ~ ~ ~ ~ • ~ • Dolls.~s (S 12~9~j0.00 as evidencad by a uote o[ even date hetewith. with inte:est frasn date at the cate oi ei7t per ceatum 6 per ~nawa aa tt?e ua~id balance uatil ~...id. The zaid priactpol and interest shall be p~yabte at the office of _ J. T. 9~' I~QflTGJaE C~?~ IBC. in Coral Cablee, Florida ot at such otber place Aa W~ hoidec of the note may decig,nate i~ wrlting. ia moathly installmeats of ~TY•3~9~ esld 70~100- - - - • - - - - Dollars (s . 7~/ comakacing oa the fi~st day of OotAber , 1967~ , aad oa the first da?y of each monlh thereafter w?tilt6epciacipal aad interest ate fully paid, except that the fiiwl paymmt of pciacipal aad iaterest. if u~! soonec p~id, shatl be due a~nd payable on the Eicst day cf SoPteaber~ 1997 : And shalt duly. promptly. aad tulty pecfocm, discharge, execute, efEect, complete. and comply Witb aad abide by earh aad evecy the stipulatioas. ag~eemeats. coAditioas. and coveaants of said pcomissory aote aad of this awrtgage. tben thfs mortg,age anQ'the estate hereby cresttd shali ceaae aad be aull and void. ~ And the mortgegoc fwther covenants as follows: - l. That he will pay the iadebtedness, as hereinbefore pcovided. Pci'vilege ia reserved to pay the debt in whole, or in an emouat equal to one oc moce moathly poyments on the pcineipal that are next due oa 4he aote, oo the first day of any monW prior to maturity: Provide~. hwvever. that writtea rwtice o[ aa intentioa to exercise such privilege is given at least thirty (30) days pria to prepayment; and, provided fucther, tbat in the eveat the debt is peid in fuU prior to matu~ity and at that time it is insiued under the provisions of the National Housing Act, he rvill pay to the mortgagee aa adjusted premium charge of oae per ceatum (1%) of the origlnal principat amount thereof, ezcept that in no eveat s6a11 We adjusted pcemiwn eYCeed the aggregate amouat of premium clesrges ~v6icb would bave been payeble if the matgage had coat~inued to be insured until awtncity; such payment to be applled by the moct- gagee upon its obliptim to t6e Secretacy oE Housiag and Urban Development oa account of mortpage, iasurance. 2. Tbat. in order a4ore fally to protect the security oE this mortg~age, tLe matgagor. togetbei iqtth, aad in oddi- tion to. the monthly pay~oents under the tera?s of tl~ notP secuied i~,~~y. on the ficst day af each month until the said aote is fully paid, wilt pey to tlie matgagee the follo~viag sums: + - (aJ An amo~utt suffickn! to provide tha bolder 6eteof wiW tunds to pa~: tbe se=t ~ortta~e insurapce peemium if H~ia instrw ment andthe note secured bueby ~re insured, ar • oontAlr cha~r~e (js llen of ~ mortQaQe insurance premlum) it they ~re beld by We SeCretary of HonsinQ and Urban Development. as fotlows: (1) If ~ad so lonQ as sald note ot even date and this iaMrument are iosnzsd or are reiasured ~mder the provisioas oE t6e Nattonal HwsiaQ Act. ~n ~ma~wt sutticieat to accumnlate ia tLt i~nds ot the holder one (1) moat6 pdor to its due date We amud mat~~e inswance premiam, la order to Qroridt wc~ Lo~dO~ with tands to p~y sncbprmium to the Secretar~ ot Housin~ and Urb~n Developmmt parsuant to the Natloaal Housiu~ Act. as ~meaded, and appllcable Regu- lationa thezeaoder; or • . (In It and so loa; as stid note d ev~en date and this instrumeat m held b~ the Secretar~ ot HousiaQ and Urb~a Dedelop- ment, • monthlr c6ar;e (in Lien ot a mo~a~e inwrance premlum) which shall be in ~n am~unt equ~l to one-twreltW (1/12) of oae-h~l[ (y~ per ceatma of tbe averaQe a~tstandin~ bai~nce due on the nate compnted ~vii6out takina ioto tccount deUaqueneies or prep~pmeats; (6) A sum eqnal to the ~,romd rents. if any. nert dne. plns the premiums that wili nezt becoa~e dne and pa~~ble oo policies ot fire and oWer has~rd insuraocc cover~ tbe mo~tga~ed propertr, plaa tates ~ad assessments aeat due on the mort- ga~ed propeetr (all as estim~te~ !+1r tbe mort~a~) less oll sums alread~ pdd therefor divided br We number ot months to elopse before ~e monW prior to the date w6en sa¢6 ~ouad rents. preaiums. U:es, and assessmeats will become dc- linquent. sach snms to be hetd br martga~ee in hnst to par satd ~romd rents. premi~s. l~es. aad special ~ssessments; ~d (e) Ali paymeats mentl~ed in t6e two precedin~ cnbsectious of this para~rapb and all psymenta to be made uader the note secured bereb~ shall be added to~ether and tbe a~e~~te ~monat t6ereof sba!! be pald by fhe mort~~gor each montli in a singie payment to be ~pplied b~ the mortga~ee to tbe followin~ items in the oeder set forth: (n Pt~~ ~~aes nnde* the contract of insuraace with tbe Secret~r~ ot Hoastu~ aud Urbsn Development. or monthly char~e (in lien ot mort~e insurance prerim~ u t6e c~se ~ be; • fIn [roaad rents, taxes, osessmeats, fire. sad otl~er hasud iasar~ace premtums; ~ _ (Im interest on tbe note secured hereb~; and (i~ ~mortisafloa ot the pducipal ot uid not~. Any deficiency ia the amount d snch aggregate monthlq pay~tat shall, ~mless made good by the mcxtgagor ~prior to the due date of the aezt sncb payment, coastit~e aa eveat af default under tl~is mortgage. The modgagee may collect a"late chacge" not to e:ceed tao ceats (Z~) foc each do2lar (Sl) of each paymeat moce ihaa fiheen . (15) days in arcears to cover tbe eztra e:pe~e involved in handling delinquent peyments. 3. That if the total oE tbe peyments mede by the mortgagor under (b) of parag~aple 2 pcecediag shall exceed the amount af paymeats actnally made by tbe matgagee, for gronnd reots, taxes and assessments aad insurance premiums, as the case may be, such excess sbsll be ccedited by the mortgagee oo subsequeat payments to be mad~ by the moctgagor. If, however, the montWY PaYments mede by the matgagar nnder (bJ of psragraph 2 pre- ceding shall pot be sufficient to PaY gFawd rents. tazes and assessmeats and iasnrence premiums, as the case may be, wben the same shall becaoe dne and payable, tben tbe mortgagoe sball pay to the mortg,egee any amount necessary to meke up the deficieacy, aa or befoce tbe date when poymeat af such gcound rents, tues, assessments, or iasarance prea~iams shall be due. If at sny time the moctgaga sballteader to tbe morta,egee in accadance with the piovisioos af the nde secnred heceby, fnll poyment oE t6e eattre iadebtedness repceseated ti~eceby. the mort- gaBee shall, in caaputing the amamt af sach iadebtedaess, crodit to tbe scrouat of the natgagor all poymeats mad~ uader tbe provisioas of (a) uf peragt~ph 2 beceaf whicb tl~e enatg,egee has not becaae obligated to pey to the Secretary af Haasing end Ucban Development aad any balauoe remaining in the funds aceumulated uader We pcovisions of (6) af said paragraph 2. 1f there shall be a default uoder any af the pravisions of t6is matgage, re- sulting in a'public sale d the prea~jses caven~d xreby~ Qe if the matga~ee acquires the properiq dhe~rise after defantt, tbe a~ortgaeee s}s~ll apply, at tbe tise d tLe com~aencement of snch proceeding~t oc at the time the PtoP- erty is otberwise acqnind, tl~e bolaace then remainiag ia tbe foads pocumulated ~wder (6) of Para6~Ph 2 P~~~6 as ~ crediE agpinst the aooaet of principol t6eo re~aidg unpoid ~mder said aote an~ s6a11 pcopertyadjust any P~Ya~eab which sh'll hav~ beea mode uada (a) aE said P~6~Pb• ' . 4. That be ~rill p~y a~U tases, asaessoeat~. wata m4es, aad ather governmental a mnaicipol charges, fines, a iu~poaltioos. for w6ich provisioa has aot beee aade hesrinbefcre, and in default thereaf the moct~~ee maY PsY . tbe same; end tbat he will promptly deliver tLe aHiciol raxipts tkerefor to the mortgpgee. ~ ~ ~168 ~i3~ - . , . _ ~ ' "'3 . - - _ - _ ,i - - - .