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Home My WebLink About2072 ~ * ; ~ 1 ._t y ~did moctg:.g.x d~ hereby tulh• v?~arcant the t~tle to ~aid land, and e~•e~}~ p++tt therec~t, end w~:l dzirnd the same ..Kairtst thc law•tul cia~ms ot all petsanr. whomsoee~er. PROVIDED ALM'AYS, ynd these present~ arc executed and del~vered upor~ the follon~~g conditions, tn wit; The mortgagor agrees to pay Ihe mortgagee, o~ ordrr, the pri~cipal sum ot ~_w-M~- ~ ~ ~ ~n~I~ NN~~M~~I~~~M~7~NN~~MN~~~~r~~N~N~~M~ Dollars 17~200.00 as e~•ide~ced by ~ note of even date herewith, with interest Erom date at the rnte oi eiy~ ~~e..~l~ per ceetum ( 8~j 9G) per annum on the unpaid balance until paid. Tt~e said principel and interest shall be payable at the oEfice of 9rOQ~'TON, N~?T~ii~Y, W1V2N ~ CAMAi1NY: 100 yirest Bep Street. Jaclc~onville, F2orida, a at such other place as the ho:der ot the note nwy designate in writi~g. in mo~tMy installments of pNg H~RBD '~IItTY-'11i0 71~ID Z7/100--------~-pollacs (S 132.27 coma~encing on the first day ot 1~ebYUSI'p . 1971 . and on the first day oE each month thereafter untiltheprincipal artd intcrest ooe fully paid. except ttwt the Einal payment ot principal and interest. iI not sooner paid, shall be due and payable cn the first day of Jat~fu~lsy. ZOOI. - And shall duly. prowptly, and fully perfocm. discha~ge, execute, efEect, complete, and comply with and abide by each and every the stipulations. agreements. coaditions, snd coveaants of said promissory note and of this mortgage. then this matgage and the estate hereby created shall cease and be null and void. Aod the matga~e~ further covenaats as follo~vs; 1. Tbat h~ ~vill pay the indebtedness. as hereinbefore pcovided. Privilege is rese~ved to pay the debt in whole, or in an amount equal to one ec more monthly payments on the principal that ace next due oa the note. on the first day of any moath prior to maturity: Ptoi~ided. however. that w~itten notice of an iateation to exercise such privilege is given at least t#i:ty (30) d~ys prior to prepoyme~t; and. provided further. that in the event the debt is paid in full prioc to matnrity and at t~at ti~se it is insw+~d uadec tb~ pt~o~visioas of the Natiawl Housiag Aet, he will pap to the mortgagee :A adj~ted premiuw cbarge of a~e ~ centum (176) of the ocigiaal priacip~l aaount ihereof. except that in no eveat chall t6e adjusted pe+emium excecd t6e ag;gte~te.emouat o~ p~aium charges which would have bee~ payable if the mortgage had oontiaued to be insured natil meturity; such pay~nent to be applied by the mort- gagee upon its obligstioo to the Secretary of Housiag and Urban Developmeat oa accouat of mortgage insurance. 2. ?hat, in order enoee fuUy to protect the security of this moctgage, the mortgagw, together with. and in sddi- tion to. tt~e moathly payments under tht terms of the note secnred herrby, on the fust day of each month until the said note is fully paid, aill pay to the mortgagee the folla~ving sums: {nl An amous~t sufticieat to provide tLe Aolder l~ereot writh tunds to par the nest mort~aQe insuraace pcemium i[ this instru- ment and the note secured hercbp ~re insured, or a monthly chat~e (ia lieu ot a mortQage i~surance premium) if they ~re held by the Secretary d Housine and Urban Development, ~s tolloxs: A) It and so IonQ as said note o[ ere4 dste aad this iasWment ue iasured or are reinsured under tlie provisions ot tbe National Housiag Act, aa amouat sufCicieat to accumulate ia tbe haads of the holder oae (11 month prior to its due date the annwl mort;a~e inswance peemium, in order to proride such 6older witA (unds to pay sucb premium to the Secrctuy ot Housing aad Urbaa Developmeat pursnant to t6e Natioaal HousinQ Act, as ameaded, and appticable ReQu- latiaas theteuoder; ot fII) It aad so loe?g as said note d even date and this iastenmeat are heid by the Secretarq of Housing a~d Urbaa Develop- meat, a monthly charge .(ia lieu ot ~ mortea~e iasur~acc p~emium) ~vhic6 shall be in aa amount equal to onc-twelfth (1; ~2) of oae-fiali (ih) per ceatnm d the averaQe ootstaadie~ balance due on the note computM vithout taking iato account delinqueaciet or prep~qmepts; (h/ A sum equal to the around reats. if aar. aeIIt due, plus the premiams tbat wiU nezt become ~e and payable on policies ; of f'ue and other hazard insuranee coveriaQ the mortQaeed propertJ, plus ~ta:es and assessments nezt due oa the mort- gaged propertr (all as estamated b~ the mort~a~ee) lcss dl sums alreadrpaid thercfor divided by the number ot moatha to elapse betore oue moath prior to tAe date a6ea suc6 ~ound rents, premiums, ta:es, and assessments will become de- " Linqucat, cuch sums to be 6elA br mortga~et in tsvst to par said ~round rents. prewiums, tas~e. aad spccial assessments; aad (c) All payments mentioaed in the tw+o precedic~ subsections o( this puaerap6 and all payments to be msde under the note secured herebT shall be sdded toQether aad t}K a~egate amount Wereo( sholl be paid by the mortgaQor each month in a single payment to be applied by tLe mort~aQee to tfie follo~ving items in We order set tortL: (n premium chanes wide+r tbe contract ot iusuraace witt~ tbe Seeretaty o~ HonNeg ead Utb~a Development, or monthly charge (in lis~ o[ mort~e iosutaace preeimaj, as tbe ease ma~ be; ~ (II) ground reats, t~es, •ssessments, Cue, aad otlier hrsud iasurance premiums; f (III) interest on the oote secured i?creby; aod ~ (I~ amortis~tioo of the principal o[ said note. ~ Any deticiency in the a~nt oE sucb aggregate monthly pay~oent shall. unless made good by the mortgagor prior to the due date of the nezt such payment, co~stitute an event of default under this mortgage. ~The mortgagee may collect a"tate charge" rat to ezc,e~d two ceats (2~) for epch dollac (Sl) d each payment mae than fifteen (15) days in arrears to cover tbe extra espe~t involved i~t handliag deliaqueat poyments. 3. That if the total d tbe p~yeents mede b9 tLe s~tgaga under (6) d poraEtaph 2 pceceding she il exceed ~ the amount d poyments actually made by tbe mat~,a~:e, for ~ooed re.Rt~, taxes and assessments aad insurance ~ premiums, as the case a~ay be, such excess shall be credit~ by the mortgagee on subsequent payments to be ~ awde by tbe mortgagor. U. however, tbe nioathly paymeats made by the matgagor under (b) of paragraph 2 pre- ~ ceding shall not be sufficient to poy ground rents, taxes and assessmants aad inswance premiums, as the case may be, ~rt~en the same shall become d~ and poyable, then tbe mectgsgor shall pay to the matgagee any amount ~ necessary to mf,ke uP the deficiency, oa or befare t6e date v~rhea payment of suds gcound rents, taxes, assessments, or insucance premiums shall be due. If at any time the mortgagor shalltender to the modgagee in accordance with ~ the provisions oE the note secured hereby, full p~yment of the eMire indebtedness represeated thereby. the mort- - gagee shall, ia computiag the amount d snch indebtedaess, credit to the accoant d the matgagor all paymeats - ~ made under the pravisios~s of (aJ ot paragraph 2 bereaf w6ich tl~e mortgrigee haa not become obligated to payto ~ tbe Secretary af Housiag ~od Urbaa Development and any balance remaining ia the tunds accumulated under the ~ provisions d(b) of said paraga~ph 2. If there ehalt be a default undet any of tbe provisioas of this moctg,age, rr ~ suiting in a public sale d tbe premises covered ureby, or if tbe mortga~ee acquires the property otherwise after ~ default, the matgagee_ shall apply, at the time af the coauaaoceveet of such procetdings or at the time the prop- ~ erty is otherwise acquired, t1?e balance tben remaining in the fuad6 accumulated under (b) of paragreph 2 preceding ~ as a credit ag~inst ti?e aawunt of principal then remaining unpaid under said note and shall properly adjust any ~ payments which siwll }wve been mode uader lojd said paca`rapti. ~ 4. ?t~t he will psy sll tases, asses:a~ents, NYTK tY[BS, aad dher governmental or municipal charges, fines, ~ a impositioas, for which provision has not been made bereiabetore, and in default•thered the mortgagee moy pay ~ tbe saa~e; and that he will pcanptly deliver the dticia! reoeipts thecefor to the mortgagee. ~ ~ ~ - ~ ~ ~ ~ R ~ , : ~ . _ _ j.- - ~ ~ ~`.~3.~z.•~~._~k.~a" ~ ~ . : __e. < _.8_~~,~.~.,_... ~~r.~:~ ~