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Home My WebLink About1793 . ~ . . - _f.i~~ ~ ~ ~ i . . . ' said r~ect~agoc does heceby tully warraat the tttle to said laad, ~ad every p~t thereo~f. aad wlll defead the a~me againat tbe lawful claims of all peracas who~osoeve~. PROVmED AI.WAYS. aad the~e pce~enta ace exac~ed and deliveced upon the followia~ ccnditioas, to wit: The wateagoc a~ees to poy tbe matgagee. a ader, the priacipal sum of '1'~11 TflOt1~D !IlTY and 001100--------------------..__--------------- Dollacs (S 10 ~050.00 as evidenced by a ewte of evea date hcrewith, wlth iatuest froo date ot the rate vf s1Z pec centum ( 6 Per aaaum oa tbt uapoid balurce uatil poid. The sald priacipal and iaterest shall be payable ot the office oE BTOCri'!'ON. 1Qli?T~Y• Dl?VIN ~ CGlI~ANY. 100 N~est B~y St~net, Jackso~nvfll~, llorida, ac at sucb othec place as the holder of the aote may desigpate ia writiag. ia moathly inatallmeats d Sz~ aod 30/100- - - - - - - - - ~ - - -Dollats. (t 60.30 coomeaciag on the firat day of Dseal~ber . 19 67 , and oa the ftrst day of eac6 moat6 thee~fter antil the pci~.i~sl ~nd iaterest are fully p4id, e:cept t6at the final paymeat of priacippl and interest. if aot soa~aee psid. sh411 De due end payabie on che ficst doy of libv~a~ber, 1997 : Aad shall duly, pcanptly, and fully peiform, dischacge, execute, effect, complete. aad comply arit6 and abide by each and every t6e stipulatioas, agreements, conditiaas, and covenaats of said pcomissory aote aad of this mortge,ge. then this ~tgage and the-estate hereby cc~tcdsl~ll c~se aad be anll and void. _ • Aad the mortgago~ further Foveaants as folioavs: 1. That he vvill pay the indebtedness, as hereiabefore provided. Prii?ilege is resecved to pay the debt ia whole. a ia aa amouat eqnal to oae a mae moathlq payments oa the principal that ace aext dne on the note. on the first day of any moath prior to maturity: Provided. however, that writtea notice of aa intention to exercise such privilege is giveA at least thirty (30) days prior to prepaymeat; aad. pcavided further, thet in We eveat the debt is peid ia full prlor to matudty and at tLat time it is insnred uader the pcovisioas of the Natiooal Houslag Act. he will pay to the moitgagee aa adjusted premium cl~arge of aae per centum (1%) of the original principel a~nouat theceof. e:cept thai 'sn ao event shall the adjasted premium ezceed tLe aggreg,ate ama~nt of'premium charges wbich would have been payable if the matgage had coatiaucd to be insured antil mat~uity; sucb peyment to be applied by the mort- gagee npoa its obli~ation to !he Seccet~ry aE Har~g aad Urben Development oa acconat of mo~tg~ge iasucance. 2. That, ia order moce fnlly to pcotect the secnritq of this matg,ege, the mortgagoc, toget~her ~vit6, and in addi- tion to, the moathly payments uader the terms of the nde secured hereby, on the first day ~ each month until the said note is fully paid, will pay to the mortgagee the follawing sums: (oJ An ~mount suBlcieat to proride the holder hereot wit6 tvads to p~r tLe ne:t mortQs~e Insurance premium it t6is instnr meat ~ndthe note secored herebp ~re insnred. or a monWly charQe (in liw of a mortQ~~e insuraace premium) if tLer ace ~ held bX the Secretary of Hansin~ aed Urban Developmeat. •s tollo~rs: ' • (I) It and so loo~ ~s said note o[ even date and this insWment are Insnred or aro reinsnred uader the pro~lsloas of the Natiowl Hoasio~ Act. an amooat sntticieat to ~ccnmulate in the h~nda~ot t6e holder ooe (1) moath prior to its dne date tLe aanaal mortQa~e insnr~nce premium, in order to provids sach 6older witL tuads to p~~ sacb premium to fl~e Secretar~ of Housin~ ~ad Urb~n Developmeat pursuant to tbe N~tl~al Honaia~ Act, ~s amended. ~nd applic~bie ReQu- l~tims thereunder. or (In If a~d so lon~ ~s said aote of e~en date ~nd this lastiumenE ~ts beld b~ tbe Secretv~ o[ Honsin~ ond Urban Develop- ment, a monthlr char~e (ia llea of • ma~t~a~e iasuraace pe~lum) whlcb s6~11 be ia au amo~u?t equ~l to one-twelftb (1/12) ot oae balE (y~ per centnm of tbe ~ven~e ontstaodia~ balance dne on the aote computed witbout 4akln~ into ; ~cconnt dellnqoencies or prep~rmeaRs; ! (bJ A sum eqwl w t6e ~romd rents, it anr. ae~ dne, plus tht preminms that will ne~ct become ~ine aad p~rable oa policles I of tire and othrr hasard insar~nce coveria` tbe mort~~ed propert~. plus t~:es and assessments ne:t due on the mort- i paed pcoperb (all as estimated b7 We mortg~~ee) less aU sums ~lrcadp paid there[or divided by the aumber of months ~ W el~psc be[ore one moath pria~ to the d~ta ~vhen suc1~ ~ound reats. premiums. ta:es~ ~nd asseasments will become de- ~ liaquent. snc6 aums to be held by morta~~ee in trust to p~r said ~ro~md rents, preminms. tues. ~ad specLl ~ssessments; aad ~ (e) All p~yments oeatioaed in the two precedin~ subsectlons oE tLts p.ra~aph aad all p~ymeats to be m~de under tbe note secored 6ereby shall be added to~et6er ~ad the ~~e~ate ~ma~wt Wereot ahdl be poid by f}ie mort~aQor each month in t sin~le p~~ment to be applied b~ the mortQa~ee fo tt~e tollo~dag items in ffie order set fortb: (n premium char~es mder tl+e contr~ct of iasuraace with t6e Secreta~ of Housin~ and Urb~a Developmeat, or montbl~ char~e (is llaa ot eort~e insaraoce premiwn), as tbe case mar be; (m ~co~md eenb, uu~ss. assessoents. tire. and otLer 6u~rd insurance preminms: lnttrest on the npt~ s~cund hereby; ~nd ' ' _ ~ ' (IV) amoetisatloa oi t6rprinclpal o[ said note. , . - Any deficieacy in the amount of suc6 aggregate moathly payment shall, ~mless made good by the matgegoc prior to the due d~te af tbe ne:t snch paymeM, constitute an eveet of defeult nnder this mortgage. The mortgsgee may collect a"late clwrge" no~ to exceed two ceats ta eac6 dollar (tl) of each peyment moce than fiftcen (15) days ia amars to caver t6e estca e:pease involved ia handling deliaqueat paymeats. 3. That if the total d the payments made by the matgagor under (b) of parag,rap6 2 pceceding shall e:ceed the amauit af payments setnaYly made by t6e matgagee. fac gound rents, taxes and assessmeats and iasucaace premiums, as the cas~ way, be, aneb e:cess shsll be credited by the moctgagee aa subsequeat poyments to be made by the moctgagor. H, hoaever, the monthlY PoYments made by the matgegor undec (bJ of Pa~6~Pb 2 Pn- ccdin~ shall nd be : su~icient to PaY B~oand rent~a. taxes and assessmaats aad insnrance premiums, as the cese - may be, wbea the same shaU become due ead payable, tbea the mactgega shall pey to the moctg~gee pny amount necesspty to meke np ths deficiency, on a befae the date ahen poyment of snch gROw~d rents. ta~ces, assessmeata, oc insarance peemiwss shall be dne. If at any time tbe matg,egac shall teeder to the ioortg,agee in accocdanee pith tbe prw?isiaas af the uote secraed heceby. fall payment oE the entire indebtedness repceseated thereby, the mort- gagee shaU. ia caapntias tbe asamt ot such indebtednesa. ecedit to tbe oc:carnt of the a«tgagor all payme~s oade m~der t6a pravisiaos of (a) af ~asagaph 2 bereaf phtcb tbe matgagee has aot become obligeted to pay to the Secretacy d Housin~ and Urban Develop~ent aad any balaoce reowiaiag in the f~uds aocumnlated under tbe provi~loas of (b) aE said pu~gRap6 2. If thece slwll be a defaalt ander any af tLe pcovisions oE this matg,age. ce- snltias in a public siN dt~ pr~sises ce~erei aeeebq, or if the oatgagee acquices the property dhenvise after defoalt, tbe oat~ee slwll apply. at the liaie ef the commeocement oE such proceedings a et the time the prop- erty is atb~c~vise ~quired, ~~lanpt thea cemainia` in tLe faads acxwoulated nnder (6J of pacagraph 2 preceding as, • credit a~t t6e a~oeat ot pilncipil thee remainiag mpaid nnder said aofe and s6a11 pcoperlyadjust anq PaS?~eab wbic6 s1~a116we bees ~de ~odar~(a) ot said~P~B~Pb• TLat 6e will p~y ~U tues, ass~saaeats. watec cates, aad other governmental a municipel chacges, fines. or iopo~itiau, for wbicti ~rarisian has oott bee~ o~dt h~reiabe~ace, ~ud ia default thereaf the mortgegee aay paq tbe sa~e; aad t6at lie wiU proe~ptly deUvet t1i~ aHicLl rsoetpts therefor to the mortpgee. . ~ . . . . ~ - : . R - _ - - ~ - r~. ~