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HomeMy WebLinkAbout0687 ~t~,~~ , . ~i~. !te•[~•`, •.ti.i:r.~.:t it:~ t~~ ..~ul ..~t~:1. .~n~? r.~•r. (~,~t; If, , ~t. •,~~i: : i t; r , ii;~ ..~.~i.., , l.~i;,. ,~1 .ell ~~t•r~.~ u..:~,. .i~r I'k•'(~\'ll~l.l~ •11.'d:~l'~. ,~n~i tt;~~~~~ }•rr~~~nt~ :~t,•:i .+n:i ~3~~1~~.~•r~i! uE~,>n tf~c• t ~Il~.~.tiiit~ ~ .~nd~ti~~ns, t ~ •~.i;. l i~~~ ,...•:~,,,,~~„r .,F;rc•,~. t„ th~ .,.~:~',.,;~~~e~. .~r~i~•~. th~• ;,r~~u i~•,~1 .ur,~ <~f EIGNTEBN TNOUSAND SIX HUN,xtBD AND NO/100------------------------------------------------------- ;~,~.;.~c. t~ La~600.~ c•~~,1~nce•d b~ r~~tr ut ~•~i•n d.~te• h~~t~•~.~~~!h. :.ith ~r.r:•rr.t fr~~~, .,r t':~• ,,,rz• ,~f SEV@ri {K•r ~c~ntum i ) ~,rt annum un thr iu~pa~d h:~l.~nc r .;,~t:l E~,~i,i ~[h~~ ~.;id {~nn.:}~.~1 .~n:1 inlr•ti•tit ~hall bc }r~~:+hlt• ~~1 t~tr ~~tt~c e ul Stockton, i~laL28)1~ DlIV~A b C~~8t1~Is 100 West Bay Street; Jacksonville, Florida 32202 .u~ h:~!hrr t~~.+<<~ tl~c• h:~l~frt ~~t th~• ~~~t~~ ;i:.~t dc•~~~;n.~ta• ~n ~+nttnR, tn munthl~ tnctalltr.ents vt ONE HIJNDItBD 11~SNTY-THRBB AND 88/100------------------ 123.88 i. ~•~m;,;c•nt-:nt~ ~,n ;:i= c'..~: :•i I~8V8IDbCY' . 1`~ ]1. •+nd ~~n t'ie• tust d,n ~~t c•<~ch munth therc•c,Etet untilthi~pnr~cit~.~l .~n~i int~•«•st .~re• tuU~ E~:~id, r~crpt th.~t the~ (in.,l va~m~~nt ut E,unc~~~.,1 .+nd ~nt~•ra~st, it n~=t tivunrr }~.ud. sh.~i+ br du~• E~,+~.il~ir un ttzt• 1it~t d:~t ~d October, 2~1. :1~.~i ~hail dtil~, p~.>mptlc, and ti:ilc ~~e•rt~~rm d~~ch~r~;e. rxecuer. ~~~lect, cumplrte. .+nd ci+mpi~ •xith ~+nd ~ab~cie ~~.~~h :~^d r~c•r~ thi~ stiE~ul~~tirn., .,~~rc~r:c~•nt~, rund~t?on.. a~d cutenan[s ~~f ~a~d F~um~ssur~ n~~tc~ .~nd ol thiti •.,~;,~F.~•, th~•n th~~ rn~~rt~~:~~r .~r.d thr ~•~t.+t~• hc~~~~h•, i r~•att•d .h.~l! rr.+~r .~nd br null and ~u~d. :~nd Ihe~ m~~t't;ap~~~r turthc[ cutt•n.+nt~ t~~llute~: 1 Tha± hr •.c~l1 ~~a~ lhc~ t[I(IE•hIe•el:ir~s.,+. hen•~nb~•t,~rr {,r"~i;ie~l. 1'n~•ilc~Ke rc~ser~:ed tu p.,~: the• c?rt~t ~n ~.~h~,ic•. ,~r in .+n ,:muunt e~u:+l t.~ un~ ~~r m~~n~ m~~s~thl~ patment~ ~~n th~• pnncip.~l th.+t a~c• nezt due on thc~ ~otc•. ~~n thc• t~rst ~:t~~ m~mth pnor tc~ m:.tur~t~•: 1'..,, , hc~w•e~•rr. th~t ~~ntten notice of ~~n ~ntent~on to exerc~se tiuch pr~~~ile~e ri~,c•n ;,t le~:~st th,rey (30) d~ys pnur to pre;~a}~~~~ent; and, prot~ded Curther, that ?n the ecent the debt is p.+id in ,~~t~~r t~~ r-;c+turih and .+t th.~i hme• ~t ~s ~nsured under the pru~~~s~uns c~l thr National Housi~R Act, he ~•ill ~a~ t~> ~•~~~rt,~.~~~~~e .in .+d±u:te•d prriT;tur* rhar~;~• ~~f un~• E~rr centum ii`1 vf the un~~nal prtnc~pal amuunt thrreof, exccpt t':.~t in nu r~~•nt shall th~• .~~liuste~d prt•mtum excrc•d the agKtet;ate .~mount uf premium chatges ~,+•hic~h w~ou;d ha~.r x ,~~•~•n F,~~:+bir it thc• mortK~~~c- had cc.nt~nued t<~ be tnsurc~ unt~l maturit~~; such pa~ment to be applted bc the murt- ~ ,~.,~~e~c~ u~,.,n it~ ~>b;i~;at~~~n to the ~erretan• ot Hous~nK .+nd Urban Ue~•elopment on acce3unt of mortKage insurance ' l~ii.~t, in urc~~~r m~~rr fuil~ tu i+rc~t~•ct the securet~ o? this mortR,~~e, the mortgagur, tuKethet w•tth. and tn ~,dd~- ~~~m t.~. t'~~~ ^~~~:uhI~ p.+.:^c•nts und~•r th~~ term~ of the nu?e securt•d hereb~~, on .iie tirst dd~ of each mc~ntf: unt~i the~ ~.~ii'. n~~t~• f;:ti~ t~.,:~3. ~~•~:i p.+~ !o thr :*~~[tRak~c•e• thc• iollun•in~; sur.:s: u~:' ..~tt~ i~•~~t 1., ~:r i:1r •h~, h.t.t~ r i:~ rr ~t :~ith I.in:1~ t. ~,e•. th• ncxt r.:-~rIR~Fr insura:nc F,rr~:.tc.•• f( :n~Cr.i- " .•it .~n~+,tht~ n..t~ , ur<~,+, hrr••ht .ar~ iti~•.:r~.f. r.i ,..s,:h:ti , h.~r~;~~ ,in :~ru ol a r.,urt~;~~;~• i:isurdni~ ~ re c tu:r it thc~: are• ;i~ ~ i ' ~ . ~ ~ . ;ert •t !1, ~ :n~_ .a~i,! i r!•..n I)~ ~a.~,.~... e•nt. a. ( ~:lu~~.. 1 1! ..~~.i ,~na: .~~J n!~~ ~,f .•crn ,!ntr ~n,1 t!~i~ ~n:tru^:e~nt arr ~n~ured or err re~nsurrd under the yn~~•~si.:ns of thr . n.~l il.~~.i.tr~,• Act .,n .,...,.ur.t .utfi~ ~rnt t_ e~ cc^~ulatr tn :he• F.~~.9s rif th~• h~•l~ier :~nr ~ 1~ ..~nth nnnr t~~ ~ts due ,i,~.. •:u ..v~n.i.~i . rt~.~~~~ in^r,~.~n:a ~~rrr.tur,. in .r:frr ~~r.,~i.1r such h~,~tor •.ctth (um1~ t•, E,at ~uihs>rrr..~~i.^.: in thr , r, ~.,n li .u.~~:.: an~i ~'rhan Ih ~.•!~>~.^:rn1 ~,ur~.~~:it t.• tnr X.+t~:~::ai H~~u~~nR A. t a4 ..r.i•ndrd. anc} apE,:~~ nt~!c~ K~ ~u- = I.~+t ~n~ +.`:.~rr•:r~~1rr. ~.r li !t .:ru! . ~ ..~i.i n r. .t ~~~.<n :e'~• .+nd th~. in~:rsrre°nt arr hrt~! i~~' thc tie•crrtnn ~~f Nau~i:i~ enci [~r;~an O~ r~.; ~ nt ~nth1Y ch:~r.r .~ti i~ru „t ..~~r!ti.+~.• ~ii.urancr pternurt:~ xh~~h shail hr tn en dr, :unt ryu~: h; .,nr-;:c: Itth ?y ; i 1_'. .•i .•nr•h.~tf ~•.1 p~~r ~ir.tum uf thr arera~r outstar.d~nQ halance .iue .~o the n.~te c omputed vc~thou! Id~IAY ~ot_, ~ .;n! ,!~•iinyuc•n. irs .+r prr, a~r.ic~nts, 3 :1 a•~,:.~1 t~~ th~- ~;r,und rrntti, 3( an;, nr~t .f•sr. ~?lus the prr:r.iuma that ~~11 nrxt hecumc due an~t pe}ab1r un pvli~:rs t hr~ .~n.i .,thrr h.~zard ~nsur.~n~~ c~a~~nn' the T. ,rtK.+~eA pro~~ertt. plus taxes and assessr.:rr.,s ncxt d~e ~~n ±he +c~~r'- _ ~.~:~.,j ~,t ri~ :n!: .•rt.^...rt~rd h~ S[~t' ^•.(tldR.Q~~~I hS .~:1 sut<,s alti•d~: ~.ui3 thc•rr!•~r di•:idr6 ht thr :tcr: her f Z~vnih< - t. , ~ , t,.~t rr •ir . ,.,r.!h ~:t. r , the• ~i.+tr e.hcn .uih kr und re~nt., .,..um:s. iaxc•s. and aysrs>°:enrs •.t:., ',e~ ,c:c• :i~~- I~n:; ;~,n~. h... t;.• h. :,i h~ :t~.~~;r~ ~n !ritit t• F~at •.~~d ~r~_~unJ rcnts. prr^ tur.,~, i.:zrs. ard spr.:a: ~csrt~r~er.ts. - ...,,1 ~•:c;. r~•nei. n~ et in the t~c~~ preced~n~ ~uhsE•cti~~ns of this ;~araKraph and a:: pa~nrr~ts t~ he r- ade~ under !hc• n,tr .e•~ ~u•,~i h. n h~ ..~;I i•e• .~~'.drd t~Frther an.l inr dti~rr~ete r.^:.~unt ther~• ,f sl~a:l br ~'..id b~ t^r r.• rt~{e~.,r rdch :r ,n,i; ~r. d ~.in.:~ ~~nt ! hr a~,~~;t~•d 6~' the r.~~.rt~dKrr t~~ [hr f.,Il+~w'~n~ ~tc~ms in thr :,rder cet f~~rth S ~ ~ ~ _ t,r, iu^ ~ f,nrti~ ~.::~.la•r r.ir . ntra. t, F ~n.ura~i r.ti t?h the >r~ rctatc H~~us~nK and l'rban I)r~.c•. ~;,r. c•nt. ~~:ii:~: " ~ !~.,,r.:~~ ; ti~•u ^.~,rt~a~,r ~n~ura:t~ e ~~r:•c.i~.,^. i. e. !hr esr t.r. 11~ Fr un.} rrnt~, t.~xe•., e.+rs.~:r:1ts. (:re•. ~n:1 ther harar.l uesurarae• ~~rrrr.iu.-,s. " 1!I` intcrr:t .n Ihe~ note securrd hi~rrb~, and :i Il rt~,:~~t: ,n .,t thr p:tnc~pal ot s+id n.,te. ~\n~ dc•t~cie•n~ ~~n the aruunt uf such a~re~~te r^unthly payment shail, unles~ R.<~de Rood bt• the ^~:.xt~,aRUr E~~i~~r t~~ t'ir uu~~ ~latt• ~~f the~ ne•xt such pa~mrnt. c~~n>t~tute~ ~+n r~•~~nt of de•(~ult undrr th~~ mvrtK~~K~~ Thc• m~,r?~.+Rr~• - e~~iie~ t.~ "i~,t~• ~ h.uRe" nv[ t~~ excerd t~.e~~ cent~ !?C1 fi~r each ~ollar t51 ~ u~ e•.~ch petrnent ~ur~• tt~.~n [tfire•n ~ +l~i m.+rr~•.+r~ tt, co~er the extra expense in~ul~eci ?n handiin~ deimquent pa~ments. l'hat it thr t~,t,~l .~f thr p:,~~ments made b~ the muriKagvr under t~J of paragraph 2 prect•d;nK ~h~ll excr•ed th~~ .+m~~~.it :~f p.~~r.:~~nt~ ,~ctuati~• ;n+de b~~ the m~~rtg:~Kee, fur ~round rents. taxes and ~~sc•ssment~ ar.~. :nsur.,nce - ,~r~~T~u^~~. o~ thr r.;.,~ tx~, such erce~s shall be credited b} the martKaKee un ~ub~equent p:,;:::en!s tu he ~ ;*;,~r.~~ b~ t'ic• r.ic~r:~;e~;ur. If h~~w•e~•er. tha• monthlv payments mode h~• the mc~rt~eRur under of par.~~;raF>n <<~re- - c e•di;~K ~t:.+il n~~t F~~~ ~t:fEi~ irnt tu p.+)• Kr~~und rrnts. t,~aes end :+ssc•~~m~•r.t5 ~nd ~n~ura~nce pre::;iu~r~. the c:,~e be•. ~.~':~~n th~• >aT~~ ~h.,li he~•~~me dur and pa~•ablc•. tht•n the mortR:..gor ~hall p<~~ t~, the r,~~::tR~~~er a~~: <~:r,vunt = r;e•cess:+rv tu mak~~ uE~ the ri.E~f~cie~nc~.u:t ur befcire :he dc~te uhen p~}mrni ~urh Kruun: rents, taxes.~sse~ssT.ents. i;:.;:r.,n~e• ,~rrc-~urr.~ ~hal! hr duE~ If .,t ~m ~1R:f• 1I1P iTlc~[1k.~Kur s;ialltrnder ;o the ^.ort~ag~e ir: :~ccerci~ane~e u~'h S[;r ~,•..:`.1`1:+75> t~ll` ?1~~iC' ~"CUTt•~ ~1Pft'~~~-. ~U:? ~2~~~TP'11 Ot i~P r~tir~• ~n<ieh!edn~•ti~ !t•~)StSE'RIPd 1~leCE'~~~. li?C IS?U(1- - t'.+~~~•c• ~h,~i;. ~n c~~mF~utir,~, tFe .,rnunt ~~f ~ach ~r.drbtednr~~. credit tc~ the accnunt of the mottKaRc~r a!i Fs}ment~ :-~,~~jE• under the pr~n~~c~i~n~ ~~t , ,rf ~c~r,~k,r,~4~h ? here~,f ~~h:ch the murtKa~ee !~'vs not become ~bliKated !o ~;a;~~to :bc~ ~~~c rc~tar~ n2 H+.u~~r.~, .~nd ['rhan [)c~cr:upmrnt and an~ bal.~ncc• re•m,>>ninR c^ thc fur~ds .icrumulatrd u~der thE• - ;~r ~s~ons ~~f I' ? of said E~,~r.+kr.~i~h it thrre sh~~il br a def.~ult under ~n~~ r.f the pru~•~s~o1~ uf th~~ ~~~rrtK~~~e. re- ..t'i~•t~ ~r F~uh;ic ~.~.c' ~,f !hc• p:e~r.~~~«•~ c~enr:ec> >err•b1. ur tf the rre,rt~;a~,ee acqut:c~ the propetri~ rN!~erx~ise after - ,?~~t.,::'.t. t^~ ;r.~,rt~,.~~;er `h~,ll ~,~,~~i~. the time ~.~f the c~,mmencement c~f sucn pr~xec•d~r.k•,t ur at the tir.ie the prap- " e~r~~. »~.th~•r~.t:.e, ..rq~,~rrd.~h~• ba~;+n.~~• then remainin~; ~n the func':s accumu!ated under ; ui yar.+kr~,ph '~~rer~~dir,g cr~•iist .~~~,in~t ~`ie .,;re~unt pri~ct,,ai the~ re~rreininK unpa~d under s:,3d note ~~nd ~h.,li pr~~per!~ .+d~ust ent ~~.,~^;~•~ts x::irh sh.+;t h:a~e be~•n :~.,de under '~1~ of said paraKr~ph. ~ - 3 ~l~h.~t he •xtll p:+~ .+11 t.+xe~. .+~~~~~ment~. •.~•ater :ates, ~+nd t~ther Qo~~c•rnc~ent.~i ~~r ^~un~~~ti~~+l charReti. f~~es. _ i~- ~~~~.tti~m~. t.~r uhich F~rc~~ i~ivn h.+s not been m~+dc hrtetnbefore, and in default ?hereof ;he ^:~.~rt~aKec ~rat pe~ •he• ,.,c:r. 'h,+; hr u~i; ~,r~~^:E,ti~ ~1e;i~er'he ~fftctal re~e~pt. thrrefor tu t!~e nortKc~Ree. - zU~M ~JV ~IiGE 6~~