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Home My WebLink About1294 ~ s ~ j\ ~ i . . • ~ t•~ said mo~t~Ra does heceby fulty wanant the' titl~ to s~id taad. ~nd eve~y pon thseeot~ ~nd will dettnd th~ sams ~+~inst the lawtul cl~iwa d all p~tso~u whw~so~ve~. . PROVIDBD ALMIAYS, ~nd tbss~ preaents ~n ~xacuted aad d~livered upoa th~ Eotlawln~ coadltioas, to wit: The mat~a~ a~re~s to pay the aon~~Ree. ot adst~ tbe pciacip~l sua ot pOj~~t1'$~N '~'HOU~$~A1dD FOUR HUNDR~D AND NO/100~~~~~~~~~~~~w~~~~~~~~w~~~~~~~~~~~~r~~~~~~~~~~~~• Dollacs (S 14,400 •00, as tvidsoced by • aote of ewa d~te hecewith. with iat~cest Eroe d~t~ at the ~ce ot ~e~.ght aQd oM-batf Pec ceatwa ( 8} P« aanu¦ au tbe uap~id b~laace uatil paid. 'i'h~ said p~incipql aad int~~est ~hall bo p~y~bl~ ~t tbe oftice ot J. T. Stawart Mort~~ Compae~?, Iac., a oorporation uader tha LoW of th~ Stat~ of FLorida, o~ at sucb other place as tbe bolder oE tbe aote moy de~i~pata ia ~rritin~~ ia woatbly installme~ts ot Qp~ Hundred T411 add 74/L00-------------•~o1lacs (s 110.74 commeacin~ oe the first day of NOVlODls' . 19 70. ~ au the first day of eacb moath theeaaftet wttilthepciacip~l and intecest are fully paid, except tlwt the tL~al payment of ptiacipal aad 'ate~est, If aot soa~c paid. sball be due and poyable on the first day oE OCtObeY'~ ~000. And shall duly. promptly, ar~d fully pedo~m; diachor~e. execute. eEfect. complete. and canply witb •ad abide by each and every the stipulatioas. a~?eea~eats. conditicas. and coveaants oE =~id pcoaissory note aAd of tbis mortgege. thee this mortga~e aad the estate hereby cceated shall cease aad be aull aad void. And the mortgagoc further covenaats as folloars: ~ 1. That he ~rill pay the indebtedaess. as hereinbefo~e provided. Pri~?llege is reserved to p~y the debt in ~hole, or in an amount equal to one oc moce manthty paymcnts on tbe pciaeipal that ore aext due oa tbe note. on the first day of aey month prior to nwturity: Prouided, however. that wrlttea aotke et aa inteatian to execclse sucb ptivilege is given at least thirty (30) days prior to pcepaya~ent; a~. pcavided turthar. tlwt Ir the eveAt the debt ls paid in full prioc to eiaturity and at that time it is insured under the provlsioas of the National Nousin~ Act. he ~rill pay to the mortgagee an adjusted premium charge of one pec centum (1%) of the original principol amount theceef. escept that in no eveat shall the adjusted pcemiua~ exceed the aggcegate amou~t oE, p~edium ch~es w6ic6 pould bave been payable if the mortgage ha~d coatinued to be i~ured uatil maturity; such payment to be applied by tbe mat- gagee upon its obligatioa to the Secretary of• Housing acuf lJcbon Developmeat aa acconat a~ matgp~e ins~uaace. 2. That. in order aare fuUy to proteet the secncity oI this moctgage. the matgagor. together aiLh. s~d in addi- tion to. the manthly pey~eents ~wder the terms of the ade secured l~ereby, on the first dvy d each aanth untU t6e said note is fully paid. will pay to the moctgagee the_follvwiag sums: (a) An •mouat suEticleat to provide We holder bereof with tuads to pay the aest mo?t~a~e insurance pnmlum it this iasw- - ment and the note aecured herebr ~re insured. ot • isontAly cbar~e (ia liw ot • mort~a~ inwraace premium) it ther are beld bp-the Secretaryr ot Housins ~sd U~baa Development, as [oUo~rs: . (I) U and so loaQ as said aote ot evea date and this le~stru~eat are iusured ar ate reinsueed und~r tbe pro~isions o[ tlee Natioaal Houai~ Act, aa amauat s~tttcieat to eccuoulate •fn tM 6aads o[ the holder oat (l) moath prior to its due date the annu~l sort~a~e iasur~nce premium, la ord~t to pwvide such 6oiskr with t~md~ to p~r sucb pesium to the Secret~r~r ot NousinQ and UrMn D~vclopmeat pwwwt to the l~latlonal Housi~ Act. as sa~aded. asd ~pplicable Re~u- l~tion: theeeuadsr; or ~ (II) if and so foa~ ss said aote ot evea d~te aad thl: ia~teument m 6sld br the 8ecretary ot Housias~~d Urban Deveiop- ment, a moathly cM~e (in Ileu of a morRpee inwrfnce pruaiam) wr~ic~ slull be in an ~mount equal to one-twelfth (1; 12) ot one-halt ('i4) per cestuw ot tM arera~e outstandiaf b~laace due oo t6~ aot~ comp~ted wit6out takie~ into accouat delinqueacies or preparaeats; ' (hl A suai equal to thc Qrouad rents. it anf. nezt due. plus the premiums.tbat wU! s~rt b~co~ dne and p~rable oa poUcies ot Cre and other hasard insurance coveria~ the mo~s~ed propertr. plus ta:es ~nd assesse~eats n~~ due oo the ooet- ga~ed propettr (~Il ~s eatimRted b~r lbe a~ort~aQee) les~ all swas alresdy paid thertiw di~idld by ~ Allm~lJ Ot oOfltbs to elapse beiore one moatl~ pdar to the date whea sucA stound reats. pr~smi~a?s, ta:es. and ~ssesseeats wIA becoer de- ; linquent, sucb sums to be held Df mo~aQee iu trust to p~r sdd ~eound esnts, ptea~tnr~s, btes, asdsp~et~lassesssaats; r ~nd E ~ (c) All paymeats mentioned in the tao precedie?~ subaectioat of. thls p~ra~taph ~d all p~yo~nts to b~ made undlr the note y secured herebr sha11 be added togetLer and the a~eQate ~aount W~eeoE ah~U bt p~id bp tM ~o~a~or eacb awatb in • ~ single payment to be spplied bY th~ mo~t~a~e! to We [opowin~ iteas ia We order a~t torWs (n premium char~es uader tM coatr~ct oE inaut~ece wltb tbe Sscretae~ of Howins ~ad Utban Oewlopeent. or awathl~ ~ c6aree (ie lieu of mort~a~e insuraace premiam). •s tbe case may be; (II) ~ro~d reets, tsxes. ~sstssmeats. [ire, aad oth~r has~M iasuraace preieiuaN; (III) Interest oe tM aot~ secuted hereb~; aad (I~ ~mort'uatioa ot tM psincip~i ot said oote. . Any deficiency in tbe amount d such agg~egate montbly paymeat shall~ nnless made good by the mortgagoc prior to the due date oE the ne:t such payment, coastitute an =vFnt d deEault uader this moit~age. The inortgagee may collect a"late clwrge" not to exceed tMro cents (2t~ fa each dollar ot each poymeat eoae than fifteea (15) days in srrears to cover ib~ e~dra expense imolwd ia h~dliag delinquent payments. - 3. Thpt if tlu tdal ot the poymeats~ nwde by the aioet~~or oader (¢j oE parpg~rapb 2 precedia~ shall exceed the amount of p.yments sctually aade by the mort~atee, ta ~ound reats. ta~ces aid assessieeots aad ins~nce premiums. as the case may be~ such excesa ~sh~ll be credited by tbe mat~,agee oa subsequent pa~roeots to be mede by the moctgogor. lf, however, tbe moat6ly payments awde by tbe aiort~aga under (6) d para~ph 2 pce- ceding shell not be sufficient to p4y ground eents. taxes and assessmaats aod iasurance pcemiuu~s. as the case may be. ~rheq. ~e sa~e shall becooe due aad poyable. tben the mott~,n~vr shall p~y to tl~e matp~ aay aAOnat necessary to make up the.deficieacy.oo ac befae t6e date when p~yment of sncb `rouad ~enb. tauas,assesseeats. ~ or insurance p~emiums shall be due. If at any_time tbe mortg,~~a sbalttender to tbe mo~tp~ee In accerdance with the pcovisions oE ttu ~de secured heceby, fnll_ poyuent ei t!k eatire iadebtedne~s repceaeoted tbereby, tl~e ioort• - gagee shall, in compntine tht amonnt af sach indsbtedasss. credit to t6e accoant d t1» ~at~a~ all p~y~eats eo~de undec tl~?e pravisioas oE (a) d para~rsph 2 bered wbitb tbe eat~a~ee b~s aot b~co~ oblipted to p~yto the Secretary a[ Housiag and U~ban Developsent aad ~ay balance ~~ining in tbe tuads accuaulated uuder We pwvisions of (6) ot said paca~aph 2. It thaea slwll be a dtfanlt unds: aay af tbe proviaiaas of tl~is m~rtp~e, ce- sulting ia a publie sale cf tbe pcemises covared x~eby. a if tbe avrt~a~e seqnices the ptopertp otheiwis~ dter detault, the mat~s~ee sl~ll •pply. at tlie tiw~ d t6e co~ooenceoent of soch p~oceedin~ ar ot t6e ti~ the prop- edy is othen.iae acquired. the b~lance thea re.aiai~~ in t6e f~u?ds accumulated uader (bJ d P~t~Pb Z P~~~[ as a credlt apinst titie aooue~ of princip~1 tben ceawiaia~ unQoid~yader said note and shaU pcoperlyadjust ~ny PoY~ats w6ie1~ sb~ll 6eve beee Mde aadei (a) of s~id paa~npb. 4. Thae h~-w~11 p.y aU a:es, assessneots. water ates. u~d at4r,Rovernweatal a ~a~nicip~l c6aips. Eines. or impa~itions. fo~ ~rbich prarislaa bas aet beea nade bereiubelae. aad ia d~twlt t6ereaf tbe matpyee Ny pay the saoe; aad tlwt be will prooptly deliver tb~ afikt~l ta~sipts tl~t~etor to tbt ~atp~se. ~ ~186, ,r~a~92 - . ~ ~ . F _ - ~ _ _ _ _ . - - - - ~r~~