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Home My WebLink About2666 ; 1 s~ld n~at~a~or does l~tnby Iully Muraat the titM to saiA l~nd. and every pi~t tl~~eui. a~ ~iU d~Ee~ t~ u~e a~ainst the lawiul claiws at ~11 pe~sau ~rhomso~ver. PROVIDED AI,NAYS. and t6~t~ pe~s~ats an execrted aad delivend upoa the follariar conditians. to ~rit• The moctp~or a~~es to p~y th~ soctpsee. or o~der, the pcincip~l sus ot ~ su~rn~r ~so~sw aa ~onasm a~ so?1 Doll,~a (t1s~~ ~ i~ as evtdenced by • aate of wea d~te itb~ ~ritl~ jat~rest fros date ~t the rate d ~1~~~ Yd OS~1~ pec ceaturs ( ~ pec aaau~ o~ tMs rep~id baLace until p~id. The sald ptincip~l wnd iote~est shall be p~yabl~ at tl~t ofEice d J~ BtM~'t ~0,r~~(f Co~paa~, Iaa. , 900 lir~t xatiesal Ba~1c Bld~. Oozal . Gable~, ~loridf? oc at such cther pl~ce as t!K holder of tht aote ~y design~te ia ~rrttt in maathlr iestaU~ents of~s ~01~~ 6 '17~T~ '!ffii= i~/104-~------~-- Dollan (t coa~rencie6 on the first day of ~ D~O~r . I9 70. and o~ the flrst dsy oE each vaah t6ereafter natil We pdacipe! sad Iaterest ae~e fnlly_ p~id. except ti~t the tiaal p~yo~ent of u~clpal aad iaterest. if e~ot sooner paid. slwll be ddc a„~ p.yabk m the Eirs~ day oi ~~rJ n. , Aad shaU duly. prosptly. aad [ully perf«o. dis~har~e. execnte. effect. complete. aud canply wjth aad abide by each aod every tlie stipul~tioas. a~reemenb. coaditiaas. aad coveeuMs oE said p~o~i~sory aote and of t6is mortgage. thea this mortg~ge and the estate hereby creofed sball ccaae aad be nnll and void. And the moct~aga fudher covenaats as follo~s; 1. That he will pay the indebtedness.as hereiabeEore p~ovided. Prii?ile~e is resecved to paq the debt L w6ote. o~ ia an aa~ount eqwl to one o~ aae nontbty peyments on the pciacipol that ara ae:t dae a~ the aote, oa tbe first dey ef any mooth prioc to maturity: P~oviled, however~ that Nrritten aotice af an iatentiaa to exercise sucb pcivilege is given at leart Wirty (30) days pria to Qrepoyment; and. pro~vide4l ftutber. tl~at ie the evcat the debt is paid in full prioc to maturity and ot that time it is iasured under the provislaas of the Natioaal HousinQ Act, be will pay to tbe mo~tg,agee aa adjusted pcemium charge of oa~ per centun~ (I7L) of the ai~inal priocipol aeoont tl~ereof, euept that in ao event shall the adjusted premiam e:ceed 8re aggregate amonat of preoium cbar~es ~ich would 6ave beea payable if the matgage had contuwed to be insured until matority; such paymeat to be applisd by tbe eort- ~ gagee upon its oblig,~tion to tbe Secretaty of Housing aad Urben Devetopmeat oa aocouat o[ mat~a~e iasaresce. 2. Th~t~ in order moce fally to protect tLe aecority of this aortg,age. the oo~etgago~, to~etber w~6. ~nd in addi- tion to, thc monthly pay~oeats nader the ten~s af the aate aecnned hereby, ou the first day ef e~c4 month nntil the seid note is fully p~aid. will poy to the mo:tg~gee the tollawing suws: ~ (a) M~mouet sntficient to pro~ide tbs Aotdet he~eot with tw~d~ to_ pay t6e next aartp~e ;nsuraac~ p~ea;wa if t6is instm- a~ent and the note secured herebp are iasured. or • esontl~ly cbar~ (in lieu o[ a mortssae iasur~oee pnsius) it t1~er ve held br the Secretarq of Housiu~ ~ad Urb~n Development~ •s follors: (I) I[ sed so Ioa,R _as said oote o[ cven d~te aad this iastra~eat ~re iasnred or ace rciasured nndtr th~ pw~isiaa~ oE tbe Natfonal Housiag Act, aa seount sufficleat to accusnl~te ia tbe h~nds ot the holder one (1) ~soaW pdor to ita due date tbe anauat a+ortpQe inausace preat~iay ip order to provlde snch bolder wiffi twda to p~~ wcbprsdoo eo tbe Secretary o( Housir,~ aad Urb~n Development puw~nt to tbe Natioa~l Honsis~ Aet. ~a s~d, apd applic~bl~ Rs~n- tatiaes tlu~wd~; ot - (II) I[ sed so lone as s~id note of e~ea date and this iasteuaNat ue h~ld bp tl~e Secr~t~ry o( Honsia~ aod Ihp~n pt~elop. aieat, a moa?hl~ chsr~e (in lien of s oost~e insaranc~ pre~lwa) w61c6 stuli be ln ai aoonst eqnal to ons-taelftb (1/l2) oi oae-6a1[ (~/S) per ceatna o[ the avera`e outstandina bai~ace due on t6e note coa~puted witlwut t~kla~ iato accouat delinquencies or prepayyaents: (b/ A sum eqyal to the pound reata, if ~ny. nett due~ plys the premin~s that ~rill nest b~cone dae sad pa~able on polictei of fUe ~ad otber hassrd insursace coveria~ tlie ~nort~a~ed propeety. pius ta:es ~nd assessmeau ne=t dae on tbe a~ort- ~ Ba~ed p?operty (sU~~s estien~ted;by t1~e mortg~~ee) less all suss alsead~ paid 16entor divided bp ffie nu~b~r ot ~anths ~ to elapse beioie one siaath pcior to tlie d~te wrhea suc6 aound rents. pseaiua~s, h:ea, asd assessme~?ts wpi becost de- tinqneat, such sums to be 6eld by mwt~~ee ia trust to par said ~roaod reats, presidta~, tu~s. ~odsp~ciala~sessaenb, s~d (c) Att payments mentioaed In the t~r~o precedias aubsectlons ot t6is para~spt~ and •Il p~~eob to be m~de mder tL~ sote secured herebr sh~il be added to~ethsr. w~d the a~re~ate amaunt theceot sh~13 b~ paid b~ the ~ortaa~oe ~aeb wouth is a sin`le paymeat to be ~pplied by tlu qo~a~ to t6e tollowin~ items ia We ordar s~t [orth: (n prea~ium ch~r~es uade~ tbe eontract o[ insunoce ~rttb the Secc~tary of Hooaio~ aod Urban Den~top~seat, or oooebly ch~r~e (io lien of mo~aQe insueanes prsminm), as t6t cu~ s~a~ be; . (II) ground rrots. ts:es, assessmeats, Cue, aad otbrr L~sud insur~oce peeminss; Qln interest on the aote secured 6~reby; ~nd (IV) amatis~tion of the ptinctp~l of ~~id oott. Any deEiciency in the acwuet d snch aggregpte awnthly paymeat sball, unless ~ode good by tbe oortpgor prior to the dne date of tbe aext such payment, constltute aa event af deEault uader~this mortgage. The mwtg4Qee ~ may collect a"late cbarge." not to exceed two cents (Zt) far each dolbr (;1) ot eac6 poyment soce tban fifteen (15) days in ~rrears to caver tfie extn expense involved in haadliag delinqueat paynyents. - 3. That if the total of the poyments made by tbe mortg4~or unda (b) oE par4~rapb 2 pcecedia= sl~ll exeead tbe emount cE paymenta actwlly o~ade by the a~atgagee. Eor gtound cents, taxes and a~sess~eats asd imtnranoe premiua+s, as the case may be, such ezcess sball be ccedited by the moRp~ee on sabtequent paymeob to be i made by the mortg,agor. If, havever, the monthly PaYments made by the mortsa~or aader (6J of P~S~Pb 2 pre- ceding shall aot be sufflcient to pay g~ouud ~eata. taxes ond assessmeats oad insarance Preiainms. as die cose may be. ~rhea tbe same shall become due and payable. tbea tLe mat~gor sball p~y to the so~tp~ee any ~mount _ necessary to maice op tbe deficiency. on a befae tbe date ~rbta paya~ent of such ~coupd r~nb. taxes. assess~ts, ~ or insaraace premiuais shall be due. if ot aay tiae the moctga~x s1~aUtender to the oort~a~ee in ~ccadaace with tbe provisions oE the note secn~ed heceby, full paymeat af tbe entice indebtedness represeated tbere , tbe mat- gagee shall, in compating the enwunt cE such indebtedaess, credit to tbe accouat af tbe mort~~oc ~ p~ymeAts rnade ander the gravisions of (a) cf p~ragroph 2 heseat ~rhicb t6e mo~tg~edee !ws not beceae obli~ted to pty to tbe Secretary d HousiAg and Urbaa Developaieat aad aay balaace rewiniag in the fnads aoca~atated uoder the ~ peovisions of (bJ o[ said par~gcaph 2. it thece shall be • default nndec aay d the provialoes af thls wortp~e, re- ~ saltiag ia a pnblic aalr of the prernises covered xe~eby, ac U the moet~a~ee ~cqoires tbe property otbenvise aEter ~ defautt. the aioctga~ee sball appiq, at tbe ti~e of tht comneACemea~t af such proceedia~s or at tLe time the prop. erty Is otherwise acqoSred. the b~lance then e~emaining ia t6e fnads aocwaulated nader (bj af ParagraPb Z Pmedia6 as a credit ag,~iast the amount of principal tben remoinia~ mipaid uAder said ade ~nd slwl! pcoperlysdjwt 4ny ~ paY~oeats Mrhich s6a11 b4ve been mads under (a) of said parastapb. - ~ 4. 'Tbat he wlll p~y oU taxes, sssesaaeenb, vater rates, oad otber ~overaaeatal a mvnicipol c6u~es, tines, or imposjtioos, fa ahich pravision has not baen msde 6ereitibefae, and in defwlt tbenaf tbe mati~i~ ~Y P~Y the some; and that he ~riil praaptly drliver tbe dflcial receipts tbeeeEa Co tbe sortppe. 600K 1~ t'AL: ~V ~~7 ~ - - _ _ - - - - - - -:L~ '~_N;~~