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Home My WebLink About1330 ..ud i:;.~~t~;u~;u: ~t.K•. h.•~eb~ lull~ w,~~r:,nl 1hi• tiUr tu s.~~d t:~nd. ~nd r~~~~t~ p;~rt tht•reuf. and ~v~it del~vtid the s:~me .~~;.un.t thr l..wtul ri.,+ms ~f all ~xt~~n~ w•humaocvrc. !'t~'O~~IDF:l1 AL1\'AYS, and thesr p~esrnts aie excK-utc~ and drl~~•rred upon the follove~ng cundihons, to v it: l~he m~~t~;agoc .~Kr~ws ta p:+~ Ihe m.ut~:+~;rr, ut o[de~, the p~inciFul cum of ~rF~ ~~j~D N~NE HvxnaID nrm t~o/loo--- L?uUacs ($lj~~t~~~~ as e~~drnrrd by a note of even~date hecew~th veith ~nte~est from date at the SeVCri pN~ crntum ( ? o) pe~ snnum on the unpa~d balance until patd. Thc: said ptinc~pal and ~ntenat sha:l be payable et the otfice of ~J. T. STF~IART MOItTGAGE Cq~prTY, IN~C. , e corporat3on umler tha IaMS of the State of Floridn, .~e .+t .uch uther ptacr .is lhe holde~ u[ the note ma~~ dcs~Knate ~n writ~ng, in monthly install~rtents uf Nine~y- Nine 8tld 23~100--_'_-'__'_~-___~__-_- Duiia~~ iS t~.~3 coma~ncing on eha• t~rtt da~• uf pctObCY' • 19 7j. and un the fi~st dey oi each month thereaftec unt~lthept~ncip~l .+nd ~ntere.t arc tully pa~d, except that the i~aal payment of p:inripal and interest, it not,~oo~ paid. shall be due .,nd ~i~•able vn the first do~• o[ S~~ber, 2001. f~nd .hall duly. p~omptly, and ully pe~fonr, dischbrge, execute, etfect, complete, and compiy with and ubtde b~• r:ich and e~~ery the st~pulations, agteements, condtttons, and coce~ants of said ptomissory nute and of this murtgagc, then this mo~tgage and the estate heceby cceated shat! cease and be nutl and ~•utd. And thr mortgagor furlhec co~•enants as fuituws: 1. That he will p:+r the ~ndebtedness, as hereinbefore pru~•ided. P~~~~ilege is reserved to pa~~ the debt in whole, or ~n an amount equal to one or more monthl~~ payments on the pcincipal that are next due on the note, on the ficst d:+~- ut Hn~' month prior to matucit~•: 1'r~~e ~J.•J, howe~•er, that wtitten notice of an intention to exercise ~uch priritege is g~~~en at leas, thirt~• (30) c!a~•s prior to prepa~~ment: and, pro~•ided [urther, that in the event the debt ~s paid in full pnot to maturih• ar~d at that hme it is insured under the pro~isions ot the National Houaing Act, he wilt pa~• to thr mr~tgagee an adjusted prem~um charge of one per centum (1 a) of the originai principal amount thereo(, except th~t in no e~•ent sha:l the adjusted premium exceed the agg~egate amount of premium charges which Kould ha~e bren pa~•able i( !he mortgage had continued to be insured until maturity; auch payment to ~e applied by the mort- gagee upon its obligation to the Secretary of Housing and Urban Development on account of mortgage insurance. That, in order more full~~ to protect the secu~ity o[ this mortgage, ihe moftgagor, together with, and in addi- t~on to, thr munthl~• payments under the terms of the note secured hereby, on the first day of each month until the sa~d note ~s fuliv ~~~d, will pay to the moctgagee the IollQVeing sums: : An er...wnt suffu?rnt to prov~de thn c~ldrr hereuf vcith [unds to paf thr nest mortgege ?nsu~a~cr prem~um tf thts tnstru- mrnt +nd thr note secutrd herrbv atr ~n~ured, ur y monthly charge (m liru of a mortgaKe insurance premtum) if they atr held b~ thr Srcrrtary o( H~wsing end Urban Dreelopn:ent. r~s (ollows: i! ~!t and so long +s sa.d nute ot ecen date and this mslrnmrnt •rc insured or are re~nsurrd under the provisions of the ~ational Ho~sing Act, an amount sufGc~ent to arcumulate tn the h~nds of the holder one ;l) month pnor to ~ts due ------.3.:K-sl?e-+su~ual-ui.usgage-iasusYnce-pcemaum.-~n_urdet_tu_ ~unvid~~uch~nlder_teuthlunds_;s_.P+~~'ss~~ItR~s1L+~~~to the-- Se:ret~rc vf N~using ~nd Urb+n Development pvrsuant to the National HousinQ Act, as amended, and appiicable Regu- id12i•(l~ ltlafl7llla~Pf, Jf ~ 1l'~ If .~nd ~o long as cild rwte .,f e~~rn date a~ this urstrur..ent are held by the Secretary ot Hous~ng and U~ban Dea•rlop- r.•~[, a r..onthly charge (tn !~~u ot a muttgage tnsurance prem~um) wh~ch shall Le in an amovnl equal to one-twelfth ~i i_~ ~t one-hal( p~~r rentum ot the averago outstanding bal~nce due on the note compused v~ithout teking into a:count delinqurnc~rs or ptepaymettts; ~ ' A sum equal cu the grvund rents, ~t any, next due, plus thr premiums that ve~li next become due and payable on pulic~es . ~f t~re +nd ather hazard ~nsurance covering the ~ortga~ed property. plus taxes and assessments next due on the mort- ~;~ged propert) lall as est~mated by the mortgagee) less all sums already pa~d the~e[or divided by the number oE months ~ to elapsr before one month pnor to the datt when such Qtound rents, Fremtums, taxes, and assessments will becor.±e de- ~ iinquent, such sums to be held by r..ortg~gee m trust ~o pay said ground rents, premiums, taxes. and special assessments; .nd ~ A:! pw}:r.rnts renuoned m the tv~o preced~ng subsectiuns ot th~s pa~ag~~ph and all papments iv be r..~de unde: the note .rcured herrb~• sh~ll 6e added together and the aggregate amount ihereot shalt be paid by the mortg++gor each month in a sm~:lr payment to Ee appl~ed by the mortgagee to thr folluw?ng items in the order cet forth: ~t? prrmium charges ~nder the contract o( ~~sur+nce with the Secretary ot Housine and Urban Decelo~ment, or monthiy rh.rKe (+n I~eu ot ~ortgage msurance prem~um), as the case may be; - c![1 ground rents, ta:es, assessmrnts, (tre, and other hazard ~~surance premiums; :IIl1 intrrest un the note secured hereby; and (1~'1 am~~rtuat~on ut the prmc~pal ot sa~d nute. ~m• deficienc~• ~n the ar~ount of such aggregate monthly payment sha;l, unless made good by the mortgagor pr~or to the due date of the next such payment, const~tute an event of defau:t under this mortgage. The mortgagee Ta~~ collect a"late charge" not to exceed two cents (2c) for each dollar (S1) of each payrr.ent more than fifteen i li) dacs ~n arrears to co~~er the extra expense involved in handling delinquent payments. 3. That i[ the total of the payments made by the mortgagor under (bJ o[ patagraph 2 preceding shalt exceed the amount of payments actuall}~ made by the mortgagee, for ground rents, taxes and assessments and insurance p«r~ums. as the case rray be, such excess sha11 be credited by the mortgagee on subsequent payments to be mede b} the mortgagor. If, howe~•er, the monthly payments made by the mortgagoc under !b~ oi paragraph 2 pre- ceding shall not be sufEicient~to pay g~ound rents, taxes and assessm~~nts and insurance premiums, as the case ~ -a1 be. w-hen the same shall become due and payable, then the mortg:.gor shall pa~~ zo the mortgagee any amount necessar}• to make up the deficie~cy, on or befae the ~ate when payment of such ground rents, tax~s, assessa~ents. ~ o: insurance pcemiums shall be due. If at any time the mortgagor shall tender to the mo~tgagee in accordance with the pso~tsions of the nate sacured hereby, (ull payment ot the entirr indebtedness represented thereby, the mort- K~Kee shall, m cor..putin~ the a~ount of such ~ndebtedness, credit to the account oE the mortgagor ali payments z,ade under the pro~•~sio~s of ra% ot paragraph 2 hereof which the mortgagee has not become obligated to payto tbe Secretary of Nousina and l;rbai~ Development and any batance remaining in the funds accumulated under the rr;~: isions of l1.1 of sa~d paragraPh 2. If thece shall be a default under any of the ptovisio~s of this moctgage. re- ,u:!mg in a publi: sale of the prem?ses covered ~ereby, or if the mortgagee acquires the proprriy othrrw~se after defoult, the mcxtgagee shall appl}•, at the time of the commencement of such ptoceed~ngs or at the tirre the prop- rrtc ~s otheru~se acqwred, the balance then remaining in the funds accumulated under f~./ ef paragraph 2 p~eredir.g ~s ~ cred~t against the amount ot principal then remain~ng unpaid under said note and shall properl~, adjust any pati~ments ~h~ch shai) hare been made under (u/ of sai~ paragraph. 4. That he will pay ail !azes. assessments, water rates, a~d other go~•ernmentai or munic~pal charges, fines, ur irrFx,sihons, fo~ which prcn•~~ton has not been made hereinbetore, end ~n default thereo( the mortgagee my~~ pay thc• seme dnd that he w~tl promptly dei~ver the official tece~pts therefor to the mortgagre. a~«~y3 13~'8 .