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HomeMy WebLinkAbout2400 , . . .;~~c<•.~~ ...:i~ •.c.~rr.~t~l .:e t:,.~• 1„ ,.~u~ ..~.u:. .~~tit r~rtt ~~.irT ~~i~•re• n.^.~l ~~~i::~it~.... e . . .ilc• ..i`.\:,.. t L~lil:~ .t~~ !~t'f~~~::~ ~Ut'\-r[ {~1;1~1'll~l~I> ~1Llt:\1'S. .~n~l thc~r E~tr~r:it, .,rr ut~•:{ .~r.d dt~lnrr~•d u~>on ti:r t,~lf~~~~in~ c:~ndtti~-n~:. :u uit. ~:~,i' ....•[t~..F~:~f .~~t.lt•t•1 l~. ~llt- ."t~fl~.'.t~11't'. ~~f u[l~t•f. l~lt' ~~flf1C 1Fi.~i ~;t1i' !1~ F.,ICiF~'~'.~,1~ 1.ta:.~.~Ai'i~ t~:1i~u ..~.i.':~)?w:i t>.'~v ~D~lllO_____.__~~~_~_.~__~~_.~_~~_~~~~~~___~___~_~~~~_~~~~~__~_~^~_~__^~____ ~j 'I:+.` QJ.00 r•, i.:~•n:~•d b~ c, r,c~tr uf c•~rn ~atc~ hi•c~~~~•itt!. ~~:iti: tr.tr-rst tr~~n~ :~.~tr .,t t!.~ ;.:t~ ,:t :;cvcct pc•r centum ~ ~'~i {~rr annum un tl~r unpa~d ba;.~nc~c• ,i:i±~i E~.,ui. l}tr ~.~t~ pnni:~~.~i .~nd int~•r~•tit shall bc pa~.~ble ~t the nffice uf ;.~:OC.i:TO.+, iaiL~lTl.:;~, DAVI;•: & COb~'A2v'Y, lOJ S~Ie_:t B~:;~ ~t:~ect, Jac4~sonvillc. 'r'l:~r~da ,.,t ,u. h~~th~•~ r.;.+rc :h~• }i,~!.ic•~ .~I ihe nuie :ru~ des~~;ndte ~n ar?tinK, ?n rnunthly inst~+liments ~~f a:e :Z:nc3rc:i `r.~ ~Il:~'~j`'.JC 3S1C3 l~Z~Q~~~~-~-~-~~.~---~"-1)Ul:.~fi ~.i' .t~ r CU:1:(I~t'Rt'II1,Y, U(1 ti~~~ tic~t d.,~ ut Uei-e.^ti~e:: . 1`~ ~1 ,.,nd un thr first da~~ of earh month there~fter untitthrpr~ncipal .~r,~~ int~•cc•st arr tuil~ p:~id, rxcept that the tinal pa~m<nt uf Nrincipal and ?n[rresl, i( nut suuner p.,~d, ~h~~li be ~fue <<.~~at~tr .m th~• fust d.,~ ul ;:ovc::ai>e_- 2001 :\n~i .t:.,it aui~, yrumptl~, .+nd fuli~ perturrrs. discharke. execute, eifect, complete. ~+nd co~~p;ti• u•~th :+rid abzde ~~,~rh ,,nd r~rr~ thr ~tipulut~.~ns, aRrerm~~nta, cond?twns. and cu~enants uf sa~d ptumisson note ~nd oi thii itir;t thts mi~tt~;<~'c~ ~r.d thc~ ~•slaic• hr:rb•, rrcated sh,ill c~•~+sr ~+nd br nt:il ar.d ~.~td. j :~nc~ thr r.:urtKa~ur turther c«~c•r..~nts a: E~~:luus: ' 1 l~hat hr ~.~i;l pa~ thc~ tndebtrd:~ess..~~ hrreinbr;orc• pr~~~:de~l. Pr~~i!r~e ~s rrsened tu p.+t the debt in M•ho?c~. ~ ,~r :~t ,~n .+~r.uunt e~~ua: to une or m.~re :nontht~ pa~ment~ un the principai that are next due on the ne~tc•. un the fir~t ' ~ :i.,•, ,~m munth ,nr~or to matur~t~•: I'.,,~:r~ howe~•er. that written notice of an intentiun toexercise such pn~~leKe f . ;i~.~•ri .~t le~~st th~rh~ (301 dc+tti priur to pre!}a~~ment; and, pro~•~ded furthec, that in the ecent the debt is paiu ~n ; i ,~rc.~r t~~ r.:,~turih and .+t that ti~^r ~t is insured under the pr~~•islons of the \ationai Nousing Act, he ~ctl: pa~ to ; t~~a~ ~•~.~rtR.~~~•r an ~~di~strd prc~^~ium rharR~~ of one per centum il~) of the ortg~nal principal a:scunt thereot, except t`.,~t ~n n~~ ~•~.~•nt ~ha:l th~~ ;,d+.usted prer.:ium excet•d the a6~regate ~mount of premi~m charges w~hich woutd ha~c~ ~ ; '.~~•~•n ,~.~~.+h:c~ ~f the mortg,,~e had cuntinued to be ?nsured until maturit~•; such pa~•ment to be applied b~• the mart- 4 : ,;,+~r~r ::p.,n its obiik~tu~n to the SE•cretan• of HousinK and Urban De~•elopment on account of mortgaqe insurance. ~ _ ? I';:,~t, in ordc•r more tuil~~ tu ~ r~~tect the secunt~~ o( this mortgage, the mortgagor. together u~ith. and in ~+ddi- ; ~ ~i,~~ the• m:~nthit pa~mc~~ts under thc~ ierms ot the note secured hrrebt•, on the first da~• oE each mont'~ u~t~l the ` ~ n,~tr full~ p.+id. ~c!!t pa~. tu thc• ;rort~;a~~~e the foUuw•in~ sums:. { ..::~t ~.:ft:, irn` t~ pr ~:ir !}:r h,'.1~ r!:a~rr.~t ~~i'h (,:i~d> tu pe~ thr next mortsa~r uisura~~ r prr*:~3u^. if :`.,i+ its~tru- rnt .~a~+. thc- nvtr ~r~ urrd hrrc h~ arr in:ur~•.:, r e c., n!hlt : har~;e i tn tiru of a mort~a~r insurancr premiu^:` :t the~' err a :,t t.~ th.• ~r. r: ten ~,1 N~•::.tn.; an.3 i'rt,.,n Dc~~. 1.~;.r.rn:. a~ f.~Ilo~~ .l 1! un~: l~~n~; sdid n•tr ,~t r~rn :'.atr ond t!:3~ i~istrut~:rni arr insured or ara re~nsured under ;rte provist.~ns ef :hr \.~::..;n.,: H~u~in~_ A. t. .+n ec,.,unt ~u!!i~ ~~~nt a. ~ ~c~:ulatr in thr hunds o( the hotder c,ne ~ 11 T.:~nth pn.~r t~~ rts duc .i.,t~~ t:ir ..nn~.~i r..~~rt~~~!r ~ns;:ran: r{•n -.iu.^... in .;r.lrr tv pr~~~~i:ia~ such holdrr K'15~1 IURI~S to pa~ such ptr.^..tutr. to thr ~r, rrt<~n .~t N~~.:ti~n~; and l'rb.,n I)~•~rlu~ ^:rnt pursuent t~> the \ati~nat Housing Act. as amrnded, and app:t. dl•!r Rr~u- s; ia:t„n. :f.ctr::n~c•r. ~r - ' tl 1( e~d 1~~rK as satd n~•tr .~f < c~ n.tetc an:1 tn~. instrumrnt arr hril b~~ thr Srcrrtan of Nousin~ end l'rbdn D~~~.~: .n;, a n.inthl~- ~har*,e ~~n l~eu of a r..ortgaKe insurance premium) which shall be ~n an amuunt equa! tu -r.r-t.~~;t'h ~ . 1 1'~ ~.t unr-half t~ c) prt ~ rntum thr ~~•rrage uutstyndang :>aldncr due on the notr cumputed wiihuut taki~h ~r.; c: un: .irf~nyuen, irs or prc•~~a~-r.i~nt~, - A~..r .•qcei to thr ,~r;ur.d re•n;c. :f an~ n~ ~t dnr, plus the pre^~.iums that ~.esll next bec:•me dur and pacab:e ~~n pu:i. irs - t l::~ ..:i,'. rthrr !:etar~i c:,s;sr.m~r ;_.<<rtr.F tne r.,.~rtKagrd property. rlus !exes and assc•s~crrnt+ nrxt dur ,~r. :hr r^~~rt- _ . :;•r ~;~c rt~ ~......,tr1 hi ~h~ ...~r:k~Ke~•1 less a11 sums alrradc patd thrrch~r dic~drd bti :hr ::~r..brr m.~r.,l:s ~ , , . , ~ 2 cc ,ie . .`thnF n~ r t :hr .iatc .chen such ~round rrnts, prrr..iur..s. ~axrs, an~i assrss^.~~n:s «i:l hrc.~r..r ~r- ..•.y <u; ..rSd b~ r...•rt~agee tn :rust t~~ pa~ sai.'. greund rents. prrc-~ium~. tazrs. end sperial essrsse:rnts, - ra•r.'~ .n~•.t in tar t~.~v prr, i•dinA subsrcL•~~r+ oi [hts pata~raph and fia)r.:rr„s I•.~ br +:.adr ~.in.lrr :~r n. tr - ~.r. ! h• n!.~ t~~• e:ided toKrther arn1 !he a,,,,~r~etr arc.~unt therr~•t shall hr ;:aid h~ the r.,or;~es;or r~rh r..~r.th in a 2:~ ..r ~~a'.^ rnt ! '.se' np~ltrd h} Ttlt' f:. 'ICAdit't' i.' iht" ~U1:.~'~'1~1~', tte^:5 lR L}tr i!:3c~ sc•? l~~rth. • ..°~urr . k:ar~r~ ~nd~~r thr ~ n,.*e. t t ir:scr~n. •~xi[h the ircrrter~~ o( H.~usiaK er.i l rhan Dr:r:.~}~r.rnL :u .~'h:t ' :n ;~ru uf r..~;rtKatir ~^~.:r~n. ~ prrr..ic? a~ th~• casr ~~ay br, ' II ~r. :n~i rrnt~. ta~rs. as+r»c.~•r.ts. f:rr ~n.: the•r i~a~ar.3 insurencr ~~rrm:ur.:s, - 111 • u:;rrr.t .~n tF.r a,tr secured hrreby, and I~~ rtic.,ti.~n ul thr principal ,~t sa~d n~te. - dc~~~cie~nct m thc~ anount of such ~~t;~,rrkate ;ronthl}~ pa~•ment shall. unless r.~ade good bc the ^;urt~aFOr y ~r;vr t.~ ±::c~ c:ur d~~te ~~t the nrxt ~uch pa~mrnt. c~mct~tute an e~ent uf delault under t!:i• moriK~+Kr. Th~~ rr.urt~.~Kc•e . _ e~~i;c~c~ "I~~t~• rh<~r~r' not to exceed two cents !2c> (or each dollar (511 of r~~ch pat,^.;ent :nure than fiftr~•n - ~ 1~, in arrr.+r~ to co~er the extra expense incolvrd in handlin~ delinquent pat•ments. Z Thot if thr to!a1 vf the p.iyments made by the mortgagor under of paragraph 2 precedcr.K shell excred ~ s^~~ ,~rr~~u~t ~,f p.~~T:<~nt~ actu~+(1~• made bt• the r~ortgagee, tor ground rents, taxes and essessment. ~,nd ~n~urdnc~ ; r~~:-iu^•:~. nc~• :.~~c~ r.,.+~ be. such rxc~~ss shail be credited b~~ the mort~agee on s~bsequent pa~men!s t~~ be ~.,,c:~~ b~ ~:ortka~;~~r. If. !~nur~rr. the monthl~• paymc•nts m~~de bt' the moctga~ot under of pa:a~raph ~ pre- - ~+•';::R ~.,.~i: -~:~t bc• ~::tfi~ :c~nt t~~ pa~• Kr~~e:nd rents. taxe~ dnd ~ssessm~•nts ~,nd It15UIdRCC VfEtT:lUITlS, i~S t!~c c.,se b~-, whcr~ thc~ ti~,r^r she;i ht•curre due er~d pa}~51c, then the mortg._gur shali p~~• te the mcrtK~~;rr anc em~~urzt •~rc~•::.,r; r~,~e• up ;hr dc~f~c~cnc~,un .~r before ,he date ~xhen paSment of si~ch Kruur.d rent~, iaxes.assrssr.rnt~. - .:r.:n~ •;•r~•--.;..,, ~'r..~!; t,c• d~e If c~t .~n~ time the mi~clKa~;or .hc~;: trndrr tr the ::,ortga~ee in .+ccut~+.,nrr aith - ~t~,. ~ ~~;:~c• ~~t •':c` ~-~tr ~_•curc•d h~•re•h~,. fut: p.+~-ment of the entire ~ndebtedne.s reptesented therebc, the m.~rt- . , c. . . . - ~,,,~~~t~ ~h,,;'. rn~-nr-:;~uti~R the :+^,,ur.t .~f ~uch tndebtednr~s, cred~t to the accuunt of the mcxtKa~or a!1 paymrnts r.~.f,:r under ;hc F r~~~. i~~~~r.s ~f ~u ~ uf ~~.ir;,~,rat~h ? hereof w~fiich the m~ttKakee ~as not become obliKated tc+ p~~~ ti~ = c;ye Secre;ar~ vf Huusin~; .::id l;rt~.,n U~•~f~:upment and ~~m~ balanc~~ rrm~i::in~ in the tunds accumuiatrd under the „r •-~~t ~.~;c: ~:.:r.~K:.~~;h ' If thrre shail br a default under en}• uf the pro~~~~?o~s of this rr.urtKaKe. re- _ 7 = ~,ub::~ s.+it• ~t !hr r,r;.cr ~.e•. : ~ne•:ed trrE•b~ . ~~t ~f Ihe murtKager acqu?tc~s the pruj,ert} ~~ihrt;~ ise .+fter ' :~rS,,~,:;( 1?,^,r '^.u[ik'aF;fe' ~~`d~; d~'E'ia. ~.+2 Itlt time Oj l}lf commencement O~ such proceec?inks Uf .it tht~ l:iTtt• lI1P ~(O~- r- ";'.~.^r: itie• .,cqu::~•d. !hr t>,~':.~n~ ttit•n remain~n~ in the fund~ acrurn::l<~ted under ~ of pac.~Ks.+E~h ~ prt~e•edinK _ ~r..•~'it .~Rat~st th~• ,,T..~ur.t prmcsp.,! then remain~nK unp.,td ~~der ::aid note .~nc~ ~h.+i! pr~,~rl~'~diust an~ - ~,~,,--~.n?s •x',sch >h.~ll he~e bE•rn r.:ade undc•r ~a; of ~a~d p.,r.+Kr~~ph. _t 3"fh.,r he •xi~l p~+~ !.iFPti. .~~~f'`SC'rnt~. ~.+•~,tet rates, and other Kotiernr.,ent,i! ~~r municipal charKrs, finc~~, ~r_, t~_~r w7x h:~r~~~. i~ic~n h,,s nut b~•en mad~ hereinbefure. anci in dr(auit thereof the r*:~~r?K~+K~'~" P~~~ -.~c~~ 1 r.,.,t hr ~xt:i ,~r ~T.~~ti, de•i~~rr the utEic~ai receipts therefur t,> th«~ ~"~~~~K~K~ 0 R = sooK f,~ ~ ~~j _ _ _ z- :