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Home My WebLink About0817 ` ~ ~ ` ~ ~ a~ T uid ~oetp~a do~s h~by Enlip wruau~t tb~ tltl~ to said laad. wd wu~r p~et tb~e~ot. aed wUl d~fead d~e saw~ aqjast ti~ L~ul cl~iwa ot all pusa~s ~?onso~var. PROVIDFi~ ALfAYS. aad tbes~ pt~ts. aer ~cacut~d ~nd daUvend upos tb~ foUowln~ caadltloas. to wlt: H~~~x~jQ~s~ o P~y tbe ~ati+ap~. a ader. tlM priac~p~l s~w oE !'1~1'Y-~ Z'~i0t1~D ~ ~1 DoUaes (t 21 ~ 900.00 ~ ss evideaced b~? ~ uote af ewa date becewlth, witb iatuest t~ow d~te ~t tbe at~ of EI +~A' Ab1D t~i&-I'1AL1r pec ceatao ( ~ Per amum aa tl~s unpald b~Lance ~ untii paid. T6e sv3 pdacip~~ ~wd iataest shall ba p~yable at tht a~c~ at J. T. STISMAAT~S CQ~'1NY~ INC. in Suit?s ~00 la0 Mi~aale Mile~ Coral (~ables~ Florfda ~ oc ~t snc6:ct~h~~~r'Qlace as the hoWes af the note awy desl~nnat~ ia writla~. ia monthly inst~llmeAts ot ~ HtA~TDRED ~I~'1'~-~' lI~D 41~100 - - - - - Dollus (S 168.41 . romrseACing aa the, f ies~ d~S? d J1t1Y 1..9 'j0 , w~d oa tLe i}rst day q~ eacb moe~tb thec~tK watil t6e pciacipol aad Int~est ~rs fn11Y Paid+ qx~xpt tliat: tl~e fin~l ~Y~~ ~ F;!!~P~ +N?d ~Aterest, if not aooe~ec P43d, t~1wU be ~ue aad paY~b~e an t6e firsc .dsy ot ~une ~ 2000. - ; Aad a1wU duly. P~1Pt1Y. 4ad fylly pe~oc~o. dlschar~e, exacute, effect. complete. aad ccaiply ~vitb and abide by eacb ~nd evety? tl~e stipu3aUoas,. a~reen~ats. ~oaditiaas. aad caveaants af said pcowi~soiy note aad of thls mortgage, t6ea this moetg,a~e aal tbe estate hereby cre4ted shall ceosa oad be aull aad void. Aad the ~ata~ #aether covenants as follows: . - . , . - _ . • 1. T~at be wi~pa q die indebtedness, a: berein~efore p~ovtded: ~ Piiirllege is reserved to pe yr the debt in whole, _ oc in ~a amamt eqn41 to' a~e a mae oaonthly payments oa the prtncipal that are next due an the note.~ on tl~e first day of aay moath pdor to maturity:, Provi~eJ. however. tl~t rnritten notice af an intentioa to ezercase auch privilege is given at least tbirtq (30) .days prior to prep4yment; aad. pcavided further, that in t6e event the debt is paid in fuU prior to m4tudty and at tbst time it is iasaad uadec the provisioos of tbe National Honsing Act. he will paq to the moctgagea an adjusted premium chacge of oae per cQntum (1%) of the origiaal priacipal amonnt thereof. except thet ia ao event ahall the adjnsted premium e:c~ed the pgg,reg~ate amo~nt of preminm cbarges a?bich ~trould 6ave ~ beea payable if the moct~age l~d opntiaued to be iasuced uatil ~ta~~ty; ~snch payment to be applied by the mort- gagee upon its obligption to, tLe Secretary ~~iott~io~_aod..Urbaa D4~?e1oP~eat aa account of matg~ge iasnrance: 2. That~ in ader moce fuUy to prot~t the security af this moetgpge, ~~B+~Boc, together ait6, and ia addi- tion to. the moatlily payments iu~der the _ tEnps t1~ ; aQte sec}te~ed heeeby, on the f irst day of each month until the said nde is fnllq p4id, will pay to the ~ortgagee trie follawiiig sum~: - (01 An amanat suBicient to piovide the ~older lfereot wltb f8n~it t"o p~l We ne~ct mort~a~e insuraace premium it this instrw meat ~adtbe note secw~d hereby are insor~d. oe • sosthir o4s+B~ (is liea ot a mortaa~e Insurance premium) it tbey ate held bp the Secret~ry of Honsias aud Urb~a De~elopmtnt. •s [ollows: ~ (q I[ and so loos as sald note ot e~ea datt aad this iasWis~nt ~re fnsm~ed cr ars reinsnred mder t!?~ Pro~rlsioas of the , Ii~ttoaal HonsL~ Act. an ~mount sqfticlent to accn~ll~b in tbe h~nds ot tbe bolder oae (1) sonth pdor to lts dae date the ~naual morts~~e lnsnr~nce ptemlus. !q order ~o provide such holder with tuads to pq sac6 preoinm to t6e Secretar~ ot Hoasla~ and Urb~n Develapseat pursoant to tM N~tioa~l Hou~iae Act. ~s ~mendsd. and ~pplicable Re~n- . lattons Wereunder. or. ~ (In V aad so lon~ ~s said aote af erea dite snd thls insWm~at ~re held b~ tbe Secretarp of Hoasina ~nd Urbaa Develop- o~nt, a moatld7 cbar~e (in lien of t moet~sse insurance p?emium) which sh~ll be in aa ~mount eqnai to one-twelftL (1/12) ot oae-6~1t (y~ per ceatus of tbe anera~e oatat~t?din~ bal~nce due on t6e aote compt~ted wlttwut taklo~ into ~cconat delinqneacies or prep~pm~ts; (b) A snm eqnal to fbe ~rouad rents, if ~n~. nert due; pins t6e preminms that will neut become due wd pa~able on policies of tire and ot6~r has:rd in~oraace. co~erla~ tbe mort~a`ed P~~7. Plu~ Wc~s aad aue~soents ne:t dne on ths mort- ~~ed ptopert~ (~11 ~s estiaated by the mortas~se) less W sums alrcadr pdd tberefor divided by tbe aumber ot moaths w elapse before one Qoatb pslo~ to tbe date when snc6 ~ound reats, preminms, ta:es, ~nd assessments wifl become de- linqnent, anc:b sums to be-heid bp mort~~ee in hust to pa~ s~id Qound rents. preminss, t~ei. ~ad specLl ~ssessmenb; ~nd . ' s - (c) Ail paymeats meationed ia the two precadin~ subsectlons oI this pan~ap6 ~wd all p~ymeats to be made under tbe note a sec~ued 6ereb~ slull be added to~ej6~r ~od tbe a~re~ate ~monot thereof sbail be paid by the mo~aQor each mont6 In a siagie p~yeeat to be ~pplled by fhe mort~aEee to tlie [oIIowin~ items In tl?e order set tocth: _ ~ (n premiym chvfes w~der the coatrtct ot iasaraace witb tLe Secretar~ of Honsin~ aad Urban Development, or moathly ch~e (ia llan of mo~e insm~ncs prasium). as t1N aue. s~jr be: (Iq ~ r~nt~, tazes, asssssa~ants. tire. ~ud otfier lws~rd inswance preminms; (IIn intettst oa tbs note s~cured ber~b and . ' ~tv~ .eo~.a~ ot c~ ~i~ ot s~ld aot~. . . Aaq deficiency in the amount af such aggceg,ete monthlq peymeut shall, tmless made good by the matgagor pdor to tbe dae date of the ne~ such poymeat, coastit~e an event af defanlt nnder this mortg,ege. The modgagee may collect a"late charge" not to euceed t~vo cents (Z~) fa each dollar (Sl) of each peyment more than fifteea (15) days in arresrs to caver the e:tra expe~e involyed in haodling delinquent peymeats. 3. That if tbe total af the peymeuts aiede by t1~ ~oct~pgoc nnder fb) of paragRapb 2 precediag shall e:ceed the amount d payments actuslly made by tLe mactge~e. fa Bronnd rents. tases and assessments aad insuronce pcemi~ms, as tl~e cese may be, snch excess sLall be credited by t!K mortg~a~ee oa subsequeat payments to be mode by the mo~tgagor. lf, 6o~wever, tLe monthly. paymeats e~de by the aatsagor under (6J of P~88~Pb 2 Pn- cediag shall not be sufficient to paY gROnad eents, taxes end assessmants and insurance premiums, as the cese may be, w6ea tbs same sha~l become due paysble, theu tbe mat~pgor shell paq to the matgagee any smount ~ necessary to make np tbe deficiency, on a~efae~e the date when peymeat of s~ch ground rents~ ta~ces, aasessments, ~ or insmance peemiums shall be dae. tf at aay time the moetgagor sball tender to the moctgragee ia accadance wiW the pcovisioas` of the nde secnred bereby, fnll payaeat of tLe eatire iodebtedness repcese~ted thereby, the mort- g~ee siwli, ia cospnting th~ amamt cf snch indsbtedaess. ccedit to the account d~ tbe watsagor all payaieMs . mode and~ tbe pro~vjsioos af (a) cf poragRaph 2 heceaf wbich tbe oat~~ee l~s not beaome d~li6sted to pay to the Sscretory af Hoosing and Ucban Developoient wid any balance remaiaias ia the funds accumulated w~dec the provisious at (6J af said poragraph 2. tf tbeee shall be a defanlt undec any af tbe pcovlsions d this mortgpge, re- - sultiag ia a pnblic sale oE the premises covered hereby. a if the mat6a~ee ac.~lnicea tbe propecty- otbee~vise aftec defaolt, the ~art~ee shall apply, at tbe time of the commencement af aucb pcoceeding~ a at tbe time tbe prop- erty is othe~wise acqnired. the bolaaoe then remaiatug in tbe fnnds accumulated ~r (b) oE P~6mPb 2 Pt~~L as a credit ag,tiost the aa~onat of priacipal thea rem4iniag w?paid w~der satd note and shall properlyadjust any WY~s wb3ch shaU have been made nodet (a) d satd P~~Ph• 4. T6at be wiU p~y ~ll taxes, assesseeats, wat~ ntea. aad cther eovernpeatal a sani~cip~l c6ar~es, fiaea, or I~opositloas. fa whicb provision bas not beea a~de b~reL~bef6ce, uid ia def~alt thered the aort~aQee maY WY tbe same; and that he wiil proinptly deliv~c t6e ofEieLl ieoeipts t6etsfoc to the moetp~ea: ~ ~185 ~ ~ ~g t~ t'~' ~ C~ ~n._ 3 J _ - ~ _ - _ . .4. ~ ~ - _