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Home My WebLink About2121 . + T , ) C' ~ • ~ ~..id mortga~.x dorc he~eby tuliy aa~~ant thc ~~tle to sa~d i•nd, and e~•r~y part therco[. and w~ll detend the same ; .+Qa~nst tht laMrful claims at all petsons wharsoe~~er. ' ~ PROVIDEO A1.NAYS. aad these peesents are executed and delivered upop the Eollowirt~ ca~ditions, to wit; The mortgpeoc agcees to pay the mottga~ee. a ocd~r. the pcincipal suw of ~:g~p ~N ~ ~ ~~W ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~w~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Dollars (S 1,6~700.00 as evidenced dy ~ eote oI even date herewith. with inte~est fran date at the ~ cate oi ~it~t i~ pst~~l! pet ctatwa ( 8~ 7G) pe~ aanue~ oa the uapaid balaace { uotil paid. The said p~incipal and irtterest shall be payable at the office ot ~ BTOCl~TON. D~YIDi {i COl1~1tiX : 100 Mast De~7f 8treet . Jacksomill~. Florida, or at such othe~ place as the holder oE the nole nwy designate in w~itiag~ ia meatbly iastallmeats of p~p FORTY-Y'~~BE ~11~D 80/100 -------------------Dollars (S 143.80 ro~amencing on the first day of p~y . 19 71 . sad o~ tbe Eirat day oE each moath thece~ftec untiltheprtacipal and inte~est are fully paid. except that the fin~l payment of pciacipal and iatecest, if eot soo~er paid. shall be due and poyable a~ tbe first day of Ji~oqaYy~ 2001 ~ And shall duly. promptly. and fully pecfo~m. discharge, execute. effeci. complete. and co.~ply with aod abide by each acid every the stipulatioas. agreemeats. coaditioas. aad coveaants of soid pcanissory aote aad of this moctgage. the~ this mortgage and the estate heceby created stwll cease and be aul! aad void. A~d the me~tg,ag,or fuuthet coveaaats ss tollow~: , 1. That he rvill pay the indebtedaess. aa hereinbefore provided. PtiVitege is resenred to pay tbe debt in whole. or i~ an amount equal to one or more monthly peya~cats oo tbe priacipol that ace next~ue an the note. on the first ~ day of aay month pcior to msturity: P?ovided, howeve~. tbat aritteA aotice of aa inteatioe to e:eccise such privilege is givea at least thirtyr (30) days pricr to prepQyment; and. pro~vided turther. t6at in tlie eveat the debt is peid in full prior to matueity and at that tide k. is insu~d anier tbe pra~vi~ions d tbe Natiawl ~Iowfag Act. 6e will pay to the mortgagee aa edjusted pcemiaa charge .aE ooe per ce~tusr (1%) of the ori~al pripcipal a~wunt the~eoE, except that in no event sfw~l~ tlK ~dj~ted premiwa esceed ;tlx a~gregate aoou~t, of._preaiwq c6arges ~hi~b arould have bee~ payable if the mortgage had c~ontinued to be insured ~atil matnrity; such paymeat to be applied by the mort- gagee upon its obligation to the Secretary aE Housing and Urbae Development oa account of moct~age iasur~ace. 2. That. in ocder more fully to iprutect the security of this mortg,~ge, the moct~agor. together witb. and in eddi- tion to, the monthly payme~ts under tbe terms of !he nde secured hereby. on the first day of each month uatil the said note is fully paid, will pay to the moctgagee the follaviag sums: /n/ An amount sut'ficient to provide We hotder hereot ~vith [uads to p~~ thc ne:t mort~a~e insurance premium it this iasW- ment and the notc secured hereby are iasured, or a moathly c6uQe (ia lieu ot a moctQage iasuraace premium) it they ~re hefd by the Secretary of Housing aad Urb~a Development, as [ollows: (il I[ and so long as said aote of even date and this insWucat ~re insured or ~re roiasared ~mder the provisions ot tbe National Housing ~Act, so amouat sutCicieat to accumuiate in tbe 6aods at tbe holder one (1) month,prior to.its due datc the amual mort~age insuronce premium, ia order to provlde sach holder ~vith fimds to pRr sec6ptea~ium to t6e Secrctary of Housine and Urban Developmeat pursuaet to t6e National HousleQ Act, as ss~ad~d. ~nd ~pplic~ble Re~u- tatio~ns thetcunder; or (II) I[ and so long ss ssid aote of evea d~te aad t6is instrument are held by tbe'Secretary of Housin~ and Urbsa Develop- ment, a monthly charge (ia lieu ot a mortQage insur~ace premium) which s6a11 be ia an ~amouat equal to onrtwreltth (1 ' 12) oE one-haff (54) per centum o( the sver~ee outstaadiae balaace due on We note computcd wlt6out t~inQ iato account dcliaquenc~es or prepapmeats; r h i A sum equal to the grouad rents, ii an~, nert due. plua the ~psemiums tbat wrill aest bacome dne ~nd parable oa policies of fire aad other hazard insurance coveri~ tbe mort~ssed propert~, plw t~ses ud assest~ents nest due ofr tLe mort• ! gaged property (aU as esti0ated bp tl~e morl~aQee) less all sums alread~paid tLeretor divided by tbe number ot mont6s to elapse before one mooth prior to the date wheo suc6 ~,round rents, premiams,,ta=es, apd asseasments ~rill become de- ~ linquent, such sums to be held by mortgagee in tmst to p~~ said ~owid rents, presiai~s. tuces. ~nd specis! ~ssessments; ~ aad ~ All payments mentioned in t1x two preccding subsections ot this pua~aph aod all p~yments to be made under tbe note ~ secured hereby shall be added to~ether and tbe a~e~ate aa~ovnt thereot sholl be paid bq the mort~saor e~ch mont6 in a single paymeot to be spplied br the mortQa~ee to tt~e tollowufg items in the order set forth: (I) premium chat~ts uader tbe coattact` et iasorasce wiA? tl~e 3etret~ry ot Hoasia~ ~nd Utb~ Dewlopmeat, or monthty c6arge (in lieu ot mort~e arorpece pr~j, as tbs ease mn be; . (II) grouod rrnts, tazes, sssessmeuts, fire, and otlser hasard iosuraoee pemiums; (III) interest on the aote secured bereby; and Q~7 amortuatioo o[ the princip~l of said note. . Any deEiciency in the amwat aE such aggcegate monthly p~yment shall, unless made good by the matg,agor prior to the due date ~ the next snc6 poyment, coastitute an event of default uader this matgage. The modgegee may collect a"late charge" sot to e~teeed two cants (2t) for tacb dollar (tl) of each pQyment more than fikeen (15) days in anears to cover Lhe esta ezpense involved ia haodling delinqueat ptymeats. 3. That if the total oE tLe por~eats made bq tlre eortgqet under (6J of puagrapl~ 2 pceceding shell esceed the amount oE paymeats actupUy made by tLe ma~tg,~ee, fa ~to~ r*~ts, taxes and assessmeats and iasucance premiums, as the case may be. snc6 escess shall be credited by tbe mortg,agee on subsequent peyments to be made by the mortgagor. If, bowever, tbe mont6ly payoeats made by tbe matga~oc under (bj of paragrnph 2 prr ceding shall nd be sufficieat to pay grouad reots, taxes and assessmanta and iresncance premium~, as the cese may be, when the same shall become due and payable, then tbe martgugac sball p~y to the matgpgee any amotu~t necessary to malce up the deficiency, on ar befoce tbe date when payment of sucb g~ound cents. taYes, assessments, _ " or insurance premiums shall be due. U at any tioe tbe mortgagor shall tender to the moctgagee in scc~dance with ~ the provisions of the nde secured hereby, full peymeat of the eMire indebtedaess represeated thereby. tbe nwrt- ~ gagee shall. in cauputing the amount d such iodebtedneas. credit to tbe acconat d the mc~tgagor all poymeats ~ made under the pcavisions of (al d p~ragFaph 2 bereof ~rhick tbe matg,nrgee has aot becooe obligated to payto ~ the Socretary d Ha~cin~ ~c+d Urban Developmeat and any balaace remainiag in the funds accumulated uader the ~ provisions d(b) af said paragraph 2. IE there slwll be a default nnder any d the provisio~s of this matg,nge, re- ~ sulting in a public sale d the premises covered iereby, a if tbe matgag~ee acquires the propedy otbetwise after ~ default, the mortgagee slwll apply, ~ 1be time of tbe comoencerae~t of snch proceeding~ a at the time the prop- s erty is ott~erwi~e acquired, the balance tbea remaining in tl?e fnnds aceun~ulated under (b) of paragrapb 2 pceceding as a credit ag,ainst the amount ot principal tben cemainin~ uapaid uadef said Aote aad shall properlyadjust aay payments rrhicb shall have been oade uedtr (a) d said paca~raph. . ~ 4. That he Mrill pey s~ll taxes, assessments, water rates, and ati~r 6overnmental or municipol char~es, flnts, ~ or impositious, for wbirb provision has not beeo made bereiabefae, and ia default thoceof tbe mort~a~te may poy the s~me; and th_at he will Qmptiy deliver tbe dficial receipts tl~eretor to the mortgpgee. a .P.# . . ~ C ~1~9 ~aaEi~,1~1~ u~. _ - - - ~ a ` ~ ~ ~ . ~ ti ~ ri_~:~~ ~ . . - _