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Home My WebLink About1070 ; ~~t` ~ ~ % r s+~~d mat~ta dcdt hereby fuily wa~taat the title to said t~ad, ~ad every p~tt thr~eot~ •nd will defeod the aacne +~au~st the l~wt~l cl~u~s af all p~tsous abw~savtt. . PROVlDE~ ALMIAYS. asd tl~es~ p~nta, are exec~tted and dtliverad upoa tb~ EollowiaR coaditioas. to wit: The ~at~~ot a~re~s to p~y the eatppe, or ade~. the pciacip~l su~ ot FIF1'EEI~I '1~NOUSAND THRE6 HUNDRTrD AND 1dOJ100---•-------•----•----•--------------•-------••.• Dolta~a (S15 ~300.00 as evid~nc~d by • note af evea date herewitA, with iate~est E~o~ date ~t t1K cate of •~ht ~lid ORt+t1iL~ Pec c~atwp ( g~ 7G) P~ aaau~ oo tb~ unp~id balaace . uatil paid. 1'be said ptincipal aed j~terest shait.bo p~yabl~ at the oEiic~ J• T. St~MiTt ~IOlt~$e Co~p~?ay, a corparation und~r th~ lava of the Stat• of Florida, a at such other place as the holde~ oE tl~e aote awy desi~,aate ia ~rritia~, in ooathly iasUtll~seats oE- Qpe Huadrad Savanteen sad 66/t00------- ootan (s t 17.66 . co~~i~g o0 the first day of ldaV~lblt' . 19 70. aad oo tl~e first day cf eocb 4oath therNher oatlltbRpriecip~l - a~d iaterest are fully paid. excea clwc che_fi4.1 p.y.~enc of aiactR.l aad inceeesc. If eat soa~er p~id. aball be due aad poyable oa tbe firat d~y af OCtObel' ~ 2000. . Aad slwll duly; praaptly. and tully ptdocm, djschac~e~ e:ecute, eEfect, complete. and comply wlth •ad abide by each and every the stipulations, a`reeioeats. conditioas. and coveaants of said ptaaissory aote aad of thls mortga.ge. then this mortgage acd tbe estate heceby cceated shall cease aad be aull and void. And the matgag« turther covenaats as foltows: ~ ~ ~ 1. That he aill pay tlie iadebtedness. as hereiabeEo~e provided. Privilr~e is resecved to p~y the debt~ in ~vhole, « ia aa amouot equal to oae a mae meathly poymeats ca the principal that are aest due ua tfie note. on the ttrst day ot aAy a?onth prior to maturity: Proride~. howevar, tbat writtea aotice of an iateation to e:erclse such prlvilege is given at least thirty (30) days pria to prepayment; and. pco~vided further, tbat in tbe event t6e debt is poid in fult p~ior to maturity and,at that tia~ it is insuMd unde~ tbe pcavisions of the Natiawl Housin~ Act. he will pay to the mortgagee ~n adjusted pKwium charge of one pec ceatum (1%) of t6s orlguwl priacipol amount thereof, except that in ~o event sl~all tt~e adjusted premium e:ceed the aggre~ate amount ot premiom char~es which would have beea payabte if the mott~age had continned to be insueed untll moturity; snch p~yoent to be ~pplled by t6e mort- gagee upon its obligption to the Secretacy of Honsiag aad Ucboa Developoeat ao accouat oE matgr~e insuraace. 2. That. ia ocder mae fuUy to protect tl~e security d this a~ort6pge. the matgara. to~ther with. and in addi- tioa to. the ooathty payments nnder tbe terms of the aote sccw~ed hereby, on t6e fitst day af each month until the said nde is fully poid, ~ill poy to the cwctgage~ the Eollowing sums: (a) Aa amouat su[fieient to pwvide tbe holder hereot witd tuads to p~r the ae:t most~~~e iasuraoc~ prsmlum it thls iasw- aent mdt4e oote secured hereby are inswed. ot a moathly char~e (in liea o! • mortp~e iosunoce prrmiu~n) it Wer ue Seld ~r tbe Secretary ot Ho~sia~ ~od Urb~n D~~etopo~sw~ as tollows: (i) t[ aad so loat as s~id note o[ erta d~t~ ~nd this instrument us ioa~red or are reiusnred mder th~ peo~isioos of tbe Nation~l Housint Act. ~n aaomt sn[ticient to ~ccu~nnlate in the haads o[ We boid~r om (1) mootb pNo~ to Its due date tbe aaeual aort~ase iasuraec~ p~smium. ie oeder ta provide :uch soidtr ~rltb tuods to pq s~ pnmiuo to t6e Seerot~ry ot Housln~ and Urb~n D4velopmeot qusuant to t~e NaUoaal Hoasia~ Act. as ~a~oded. ~ad ~pplic~W~ Reen• latioes fbe~eunder: ot It aad so lon~ as said note ot evea d~M and tbis inslrument are Atld bp tbe Seeretar~ of Housios and Urban De~elop- ment. a ow~thtf cha~ (m lteu ot a isattate iawnac~ peewium) ~r61cL sball be la an ~aouet pual to oae•twel[th (1!12) of oae-half pet ceata~ o( tb~ avsn~ ontsuadin~ b~laact dn~ aa t6e note co~puted witsout takin~ into ~ccouat deliaqueacies or prp~ys~als; ' (ht A sum eqwl ta-tl~e pouud reats. il as~. dent due. pt~s tbe pee+eiuea that ~rtlt nest b~eome du~ aad p~r~ble oa policies ot fire and otber basad ins~t~oce co~erta~ tLe mott~a`ed pevperty. PIus t~s~s ~ad aueswieots nest dw oa the moet- gaQed poperty (ali as esti~ted by e6e mortsa~ee) less al! suas alre~dy p~Id t~~re[or divid~d b~ t6e eumber of mont6s to elapse be(oee oat eonth ptior to th~ d~te vh~s sucA Qouad nats, preaiw~s. ta:es, aod ass~ssoents wIU b~come de- linquent, sucL swaa to be held by mat~Kee ie trnst to pay aaid pouad r~ets, prso~iws. tues. ~ud specLl ~ss~sssents; . ~ and 4 paymcnts meationed in the t~eo precedin~ subsectioss ot tbis pan~apA aad all p~y~seals to bt ~n~de under tbe nole ~ (c1 All secured herebp sAall be ~dded toset6es and the •~e~ate aaouot thtceo[ sb~lt bt p~W b~ th~ ao~ts~~or eac~ sontl~ ia • s~ngle~a~rmeat to be applied by t6e morts~see to tbe toUowin~ itess !n ffie o~t s~t [ort6: (n premirm char~es under t6e coetract ot iaswance wltA tbt Sscntasr ot Houslat aAd Urb~n D~wlopstat. or soaU+l~ char~e (in lieu ot mwt~e insuraace premiwm~ ~s tAe cas~ s~r bs; (A) ~round rents. ta:es, asssssmeats, fue, and othsr hasud insur~oce pewaiu~s; (tit) iuterest oa tl~e note s~cured heetb~; aad (I1n ~mortuatioa oE the ptiaclp~l ot s~id note. Aay deficiency in.tbe amount d such a~gce~ate monthly paymeat aiwll, oaless a~ade good by the mattg~agoc prior to t6e due dete o[ tbe seat snch paymeat. ~casstitute aa eveat af defautt uader /his mo~t~ager. The mortgpgee moy coitect a"tate charge" not to dxceed tMro cents (2R) fa e~ch dollar (~1) of e~ch p.ymeat moce than Eiheeo (15) days in arreacs to covet tl~e extra ~cpease iuvolved in haadlia~ detinqueat p~ymeab. 3. That if the total d the p~yea~ts sMde by tbe awt~er under (bJ ot puaQaph 2 pcecedint sh~ll e:ceed che amonnt d poyments actwUy ¦ad~ by tbe m«t~6ee, ta ~ouad e~nts. tauces and asaeueeats aad iasucae~ce premiuma, as the case may be. sucb excess sball be c~edltod by tLe wat~,a~eee oa subsequent p~yments to be made by the mat~gor. U. however. tbe ~aont6lY P~yaents aisde by tbe aatea~or wder -(61 of P~~L*~Pb Z P~- ceding shall aot be sufficient ta pay ~raud renb. taxes aad assess~ats ~nd iasuraace paniuas, ~s the case mey be. whes the ss~se slwll beco~ar dus aad p~Yabls. tbea tb~ oat`p~ot sball p~y to tbe ~at~p~ee ~ay aaonat nECessuy to make up tbe deficieacy. on ar befae tbe date r?bea pay~aeat ot s~cb ~touad reats. ta~ces. sssesseents, « in:usance peoiuas shall be due. U at ~ny tioe t6e awrt~n~ s6a11 tsnder to tbe aatp~ee in ~ccocdance wiW tbe ~visions of the ade sscnrtd baeby. Enll payeeat of tbe enttre indebtodness cepns~ated tbereb~r, the ~ort- ga~ee shall, io coopntin~ the aswia~t d aicb indebt~dness. credit to t6e ~ccoant . d tbe *at~~x alt payeeats m~de unde~ t6e p~o~visieas ot (aJ d pua~aph 2 hereat whic6 tb~ aatpps h~s aot b~co~e obll~ted to p~yto tbe Secretary aE Haui~ and Uebaa Devetopiaeat ~ad aay balaaca rea~Iaie~ ia tbe fwds accuoulated nnder th~ provisioes d tbl at said P~raaapb 2. U there slull b~ a defanlt wd~r aay d tM provlsioas d~thjs ~octp~e, re- sultin` in ~ public sak aE tbe pcemises cov~red xreby. or jf tbe ~atsa~e~e acquttes tl~e property dbenrist aft~t default. the ~at~,a~ee shall apply. at the tise d tLe coa~eactoeM aE wch p~oceedin~ cs a~t tb~ t10e tb~ prop- erty is otberwiae rcquued. tbe b~laace t6ea reaaiaias ia the fuoda accueulst~d undtr (6J d P~t~Pb Z P~~~~ as • ecedit a~inst tbe a~oud d pcie~ip~l thea ce~inie~ ~mpajd uader said note aad sluit ~~ertr.aj~se .ny ~ p~yeents wkicM shall have beee wdt uadtc (a) oE ssid pus~npb• 4. Tkat he •ill p~y •Il ta:es. assessaeats. ~rat~c ates, and at6er ~ovecnaental or ~uakipal e6ar~es. t1n~s. oc ispasitions. tor w6ich pcovisias has uot be~a ~~de 6~ainbefare,-.~a a~t~u e~~ot-c~ a«cp~ ..r ~r t6e sa~e: aad that he w.ill prorptly detivw tb~ dfici~l e~oeipta t6n~elor to tbs ~aatppe. ~1 ~ 069 ~ . ~ . C~ ~