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Home My WebLink About2975 . ~ ,r~.' ~ ~ sa~d n~cxt~~~o~ docs hereby tully w~rrant th~ titie to s~id land. ~e~d ~vt~y prn th~no(. •nd witl dst~nd the s~aw b~a~nst tM tawtul claims d~il p~naia ~rbw~sosvt~. _ PROViDED A4NtAYS~ aad tl~a~ prsstnts are axecnted ~aC d~liwnd upo~~ t!~ tollawins conditioas~ to ~wit: The mortsa~ot a~ree~ to pay the mort~p~ee, o* ord~r. tbe p~incip~l suw of sj~~ ~ ~ ~l~YV~~~~~~~s1q~N~~~~~~~~~~O~~e~~1~~~~N~~~~1~~N~~~M~~N~~Ni~N~N~ Oollacs, (t ~~00.00 ~s ~videacad by • note oI ewa dat~ be~ewith. with iatecest Ewm date ~t the - cote oE • v1d OM•balt pec ceatue~ ( 8~ pec ~aaue oa the unpaid bal~ac~ until poid, Tl~e said pcincip~l ~nd interest shqll bQ paYabl~ at the ofiiC~ of J. 'P. 8t,~t ~i0~'Eg~ ~Ys a oorporatiioa uad~ar tL~ ].aars o! th~ 8tat~ of l~o~rida, or a~ ah~~ ~lw and135 100r.«~ -~y a~~ Dotllars~stin~ia a~oatbly iastollaants oE 0`N ~ ( 3S co~nmencing oei the flrst day oE ~pillrb~T . 19'jQ , 4nd oa the first day af eech 4oath thecawEter w~tilthepriacipd aed interest are fuUy paid. exc~pt tb~t the fitwl paiyaieat of peiacipwl aad iate~e~t. it not sooner poid. shell be due and payable oa the flrst day of ~t,p~~ QQQQ~ _ And sbatt duly. promptly, and Eully pedocm. dis~bar~e. execute. effect, coaplete. a~ed comply wtth aad sbide by cac6 and every the atipulatioas. agceemeats, coaditioas. aad covereaats of said praaissory aota aad of thia - mortgage, then this mwtgage and the eatate hereby crrated slwll ceaae and be null aad void. And. the mortgagor further coveAants as folloars: - l. TLat he will pay the indebtedness. as hereinbefoce pcovidcd. Privilege is reserved to poy the debt ia whole. oc in an anwuat equal to one a mae monthly poymeats on the pcincipal that aee aext due oa the aote. oa tbe first day oE any moath prior to awturity: Provider. ho~vever, tlwt ~vrittaa notice ef aa iateatIan ta exercise auch privileges ' is givee a[ teast thirty (30) days prior to pcep~aye~eat; and, pcavIded fwtber, that ia tbe event the debt is peid in full prior to awturity and at that time it is insured aader the provtsioas of the Natioaal Housia~ Act, he will pey to - the moctgagee an adjusted premium charge of oae per c+entum (1%) of the origiaal princlp~al ama~nt thereof. except that in no event shsll the adjuated premium exceed the aggregate amount of preaaiwa ch4rQes ~vhicb~ would have been ~ payable if the mcxtgage had coatinued to be iasnred nntil metnrity; such payme~t !o be applied by the mort- - gagee upon its obligation to the Secretary oE Housing and Urban Developmeat en acconat d matg,age iasucaace. ~ 2. That. in order more fully to protect the security of thig moct&age, the matgaga, togethec ~vith. aad ia addi- tion to. the monthly payments ander the tecros of the note secund hereby. oa the flrst day of each awath until the said note is fully paid. wiIl pey to the moctgagee the foltvwia~ caos: (n) An amount su[ticieqt to provide the holder hereo~ wit6 (uads to par tHe ne:t roort~a~e insurance pcemium iE this Iastnr ment and thc oote secured hereby are i~sured. or a monthiF chuQe (ie Ilea of • mortea~e Inswance pcemium) it they ue held by the Sec~etary o[ Houatn~ and Uebaa De~etopsent, as IoAows: (i) t[ and so ion~ as said note o[ evea date utQ thts iwsteumeot are insured or are re;usured mder the•pro~isiats ot the - Nationai Housine Act, an amonqt sufCiciept to accumulate in the hands ot t2~e bolder oae (1) moat6 priot to its due date the annual mortgaQe inawraace prem;um, in order to provide such holdrr wit6 t~mds to pay sucLpn~ainm to tbe Secretary of Houaing aod vrban Developmeat pursuAnt ta tlee ti~tiou~! Houtiat Act. ~s awnded, aed ~pplic~ble ReQu- lations thereuader. or . QI) It and so long as said aote o[ even d~te aad tdis tastruuseat are hetd br tbe Secretary of Hoaslo~ aad Urbiea Develop- meat: s monthly charQe (ir lieu oI • most~aQe lawraace premium) wr6icL shalt be ia a4 amouat equol to one-twelfth (1/12) o[ oae-half (y4) per centum of the aVlfiQE 01~16t~tldlll~ baliAC! due on the aote computed wtthout takin~ iato ' account delu?que~cies or prepayments; ' (l.1 A sum equs! to the grouad rents, if any, aext duc, plus the premiums tbat will next become due ~nd p~yable oa policie~ - of ('ire a~d other hazard insurence coveriaQ the moets~~ed property, plus ta:es ~ad ~ssessmeats a~rt due oa t6e moit- gaged property (atl as estimated bp the mortQaaee) less all sums alreadp paid fberefor divid~d by t6t awobsr of moatbs to elapse before oae a?onth prior to We date ~rhee such Qrouad sents. promiums, ta~es~ apd ~ssessmeats ~ril! become de- < ~ linqueat, such sum~ to be held by mortQagee in trust to par s~id Qround eeats, premloats. tues, ~adspecUl~sseas~nts; and (c~ Ail payments mentioned in the two ~xeceding aubseetioas ot this pan~aph aad all payme4ts to b~ made ~mder t6e note ~ secured hereby shall be added togetber aAd the a~re~ate ~mount theeeot shall b~ paid by the mortQa~or each moatl~ in ~ ~ sin~te payment to be applied by tbe mort~a~ee to tAe tollowing ltems in tbe ordcr set [orW: (Q premium char~es under tAe coatnct o[ iasuranee witli the Secratu~ of Honsia~ and Urb~n Development. or monthi~ charQe (in tieu ot mortaaQe iaswance premiwo), •s the c~se m~y be; (II) grocmd reats. taxrs, a~sessments, tire, aad otbrr lusud insurance premiums; qU) iateeest oa t6e aote secnred leerebp; aad _ . (1~ amortisation ot the princip~t of said aote. ~ Any deEiciency in the amount af se~ch 'sggregate monthly payment shall, unless made good by the matgagor prior to the due date of thc ne:t such payment. constit~e an event af default under this mortgage. T1~e moitgagee may collect a~"late chargo" not to exceed taro cents (2~) fa each dollac (Sl) of each poyment more than fiftcen (15) dajrs in a~rears to covsr the exirs e~cpense involved in haAdiing daliaqueat payments. - 3. That if the totat of the peyments made by the mortea~oc uader (bJ of paragrrap5 2 precediag sb4U e:ceed the amount of peymeats ectualty made by the matgagee, for gtonad reats. taues aad ~s~essa~eats aad iusurance premiums, as the case may b~. such excess sh~ll be credited by tbe martgpgee on subsequeat payments to be made by the moctgagor. If, hawever, the ma~thly, paymeats made by the matga`a uadec (bJ of p4rag~aph Z pc~- ceding shall not be sufficient to psy ground ceats. taxes and assesameats aad iasunace premiums, as t6e case mey be, whep the saioe shall become due aad payAble, then tbe mat~,o~or stwlt pay to tbe moct~a~ee aay aoouat - necessary to make np the deficiency. on ar befoce tbe date wbea paymeat af sucb ground reat~, taxea, assesaaents. or iasurance preminms shall be due. If at any tia?e tLe moctgagor shall tender to tbe mortgp~ee ie accocdaace with the provisio~a oE the note secured t~ereby, fnll paymeet of the entice indebtedaess cep`e~ented thereby, the mort- g,egee shall, in caaputing d~e aewuat d such indebtcdness. credit to tbe occount d the mo~tga~or oIt p4yoents made uader the p~avisioas ~(o) o[ paragraph 2 bereaf which tbe moet~,aRee bas eot b~caee obl~,rted to p~yto - the Secretary of Housing and Urban D~evelopment and aay balance reaoaining in tbe tuads accumulated under the provisions d(b) of said paragraph 2. If t6ece shall be a defaalt w~der any d tbe provialans af_this aioctgaEe, re- sulting in a pnblic sale of the premises covered xreby, a if tLe e~octgag~ acquiees the pcoperty dbeewise 4ft~r default. the ~natgagee shall opply, at t6e time d tjie compsencement vt snch proceeding~s a~t We time tbe prop- erty is otherwise scqnired, the balaaee thea remataing in tt~e fmds accumalated ur,aer (bJ af pora~pb Z preced~ng as s cre~it against the amount of ~incipol tbea cemeiniag uapaid w~der said note aad slwll pcoperlyadjwt aay paynienta wbkb shell have been made wder (a) d satd paca~ap6. ~ 4. That he wlll pay •11 taxea. assessaeats, wptar ates, aad utl~er tovecna~eatal or ouaicipal c6sr~es, fine:, oc impositioas, for which provisioa !ws not been aiade beeeinbefae. ar?d ia detault tbereoE the moct~a~ee owy ppy the same; aad that he wili promptly deliver tb~ afficial t~oeipta tbereEor to tlie miatp~e. , ~1~6 ~~'9~ ' t ~ ' ~ t~ _ . . p ~ _ r ~"~-~.~~~~~~~.~:3~ ~ r ~ "