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Home My WebLink About0339 .'~~,~c~ ~ !:~•crfi\ i:.ic. '.t.i[:.~Ilt .::i• I!t~i• ~:~1(~ '..:n~3. .~nd c~~rf~ ~'~~[t Tt~r(r~~2. .~;li~ ~,~'ll~ urli•:.:2 2!:t' ~.~Rt~• .i.~• ..,.,,.:i , !,~in:~ ,~f .~I1 prr~~~:is ~~h~~~~iur~rr. {~{1(?\'t(~E-[1 -11.1!Al'ti. .~nc2 tt;rsr {~rrs~•::~s .,m c•:;c•:;:!rd and drli~•rrrd up.~n the :niluw•~ziKCOnditi~~n.. io ~eit: fl:~~ r,:.~rttia~.~r .~~;tc•~~ t.~ tiic• :r.uttk:~~;~•c•. ur urUer. thr pnncip.~l sum o[ FOIJRTb`b~l THaISAND F`OUR Ei(JNDRSD l~ND NO/100-------------------------------------------------------------- t~ 14,400.00 1. r~.u:rn~c•d b~ a r.ute~ u( c•~•en d:~tr !:~~rc•u~tth. w~ith tr.tezrat irrm datc~ ,,t th~• r.~t~• .a seven per cc~ntum ~ 7 per annum un thr unpa~d balan.-r .::~t:i E~.~id. The ti;ud pr:n~:p.~i ~.nd intc•n•st shall bc pa~able at the ofitce of J. T. SI'F~IRT !l~TC'~GS CoMPANY, INC., Stiite 300 - 100 !liracle Mile, Coral Gables, Florida c,~t .u~~h ~~!iu•r pi.~cr .ss thr huIdrr ut the nut~ n:~t destgnate in w•r~tinK, in munthl}• installments of Ninsty Five and 90~100------------------~---- llol:ars (j 95.90 comn~encinK i~n ciic• ti:~t c?.~~ ut DeCetnb@.r . 1~1 , and un thc t~rst da~• of each month thece~+fter unt~ltheprinc~pal ,~nd intc•rr~t ar~ fuUy p~id, rxccpt th:,t the finai pa~•ment of princ~pal and tntrrest, if not sooner paid, shall be dve ~a~.~tile un tne fust da~~ o( NOVP.cnber, 2001 .\r~i ~h~l: dul~ , promptl~ , and full~• prrlorm. d~scharge, exrcute, ef[ect. cumplete. and compl~• w•ith dnd abide ~•:+ch and e~erc th~ st~pulations, aKreements, condihons, and co~•enants o! sa~d promissor~ note and of !his .:,~:t:.+;c~, the•n this murt~;aKc~ and the estatr i:rrrb~ crrated shall cease and be null and ~•oid. ~ :\nd t`~a• r.~ur?Kag~r further coccnants a. follou•s: i't"hat h~ ~j;: pa~ thr u~debird:~e~s,a~ hrreinbefotc pru~~ided. Pnvile~e is resen~ed to pa~ !he Qcbt =a :~•hole. ,~r in an :,m~unt cqual to une ot mo~e munthlt pa}r.ient. un the princtpal that are next due an the note, on the f~rst ~~t :~m r~unth pnor ta maturit~•: P•. i. hou•e~•er. that written notice of an intention to exercise such prn~~lege i~~~a•n .+t i~~ast t~irtt~ i301 ~a~~ pr~or t~~ pret~~~~r^~nt: and, protided turthe~. that tn the e~e~t the d~bt is paid ia i::':: pr~.~r t,~ r.:aturit~ and at ihat timc it is insured under the pro~•isions of the Vational Housing Act, he u~ill pa~ tu ~h~~ ~r.•~rt~,,~re an adiustcd premium charge oE one per centum (1'~l of the ong~nal prtncipal amount thereof, exrept ~~:,,t r«~ rtrnt ~hall the ediusted premium exceed the agg~egate amount of premium charges uh~ch u~ould ha~•e n~+~:+b!~ iE the mort~a~e had cuntinued to be insured until maturit~•; such payment to be apptied b}~ the mort- up~~n zts ~~bli~ation to the SE~cretan• of Housing and Urban De~~elopment on account of mortgage insurance. ~1'ii.,t, in order more fu;., ~~^!P~~ the securttt• of this mortgage, the mortgagor, together with, and in add~- ,i~_~n to. t!~r munthl~~ pa~~ments ~nder the termt of the note secured hereby. on .:~e Iirst day of each month until the ;,,.ci n.u~- i, ful!t ~~aid. ~e~ll pay tc~ the~ r.iortKaKee the foilo~etng sums: ,\ri _::nt ~..ffs: i~~nt t.• , r~~ti 3dr thr h:,:drr hrra•.~( t~~;h f.::ids tv pa; thr next mart~aKe ~nsur~n: r prrr.~iur.. il this ins[r~- ~ nt e:~d thr n:~t~• ~c~ urr ~ hrra•t,~ arc~ in~urrd, ..r a r.on:ht~ : hwrtir 1 in itru of a n~~rt~;,aFr insura~er prrr..iu:r.' :f 'h~~ arr :.1 b~ tt~~~ ~r, r~ ten :,t Hnu~~nF en~ l'rt~tin Dr~ rl„prcent. as folluw'~: ? 11 ..n~: l~~n~; ~s +aid r.~~:r ot rcrr. 1dt~• an:i t~:s inslrum.rnt arr insured or arr retnsure•d andcv !he prt>ctstun~ of .he \.~trm..l H~~us~n~; Act. an a~r::~unt ~uffu ~ont t.~ ar: u:nulatr in tnr nan~is ot the hoider one ~ 1~ sonth pnor 2c ~ts due .~etr tnr ..:in~a: r...~rt';a~~• msur.~ncr pr.~rt,iur,~, tn .,rdrr t;? pr.~rt.{r surh h.,lder u~th (unds to pa)' suchprer.:tum to thr ' ~r• n~tnrt ~f }1 ~usin~, an~: ~'rbdn D~~~c:.~~,^~rnt pur~uant tc~ thr \attona! Hous~ng Act. as amrnded, and appl~rabie Rrtiu- i I.~t~:,nc ! :rrr::n~lrr, ,~r fI 11 .~~d ~~!~~n~ a. ~aid n~~tr t t'l'rit t~dlt' JII~ thi> insirur.:rni arr nriti'vy tnr jrcretery oi ilousin~; and Crbar Dr~rl ~ • rnt. a rr:.~nthi~ .her~;r un iu•c e~z..~rtRa~r ~nsur~nre prrmwm~ ~ht.h sh~ll t.e in an nr.:uunt eaua: t~ onr-turlfth ~ i l't ~~t .:ne•-h.~ti ~'.i F~e•r ~.~r:tu:^. _~1 thr dcrra~;r ~.utstandin~ b+lon.•e dur un thr n.~te c.~r.~puted uiih~ut takin~ ~nt:~ ; a. :,;fnt dr:inyurn. ~cs . r~~rr,,o~^ r^t: ~,.r. .•Guel t. !F.r ~;r.~.~a.; re nt.. anc. nc•xt dur. ,>lus the prrv.3um. that w'tll nra: brc~,.^. r due and pacab:e ~~n gcli. ces t t~rr .,nd .+th~v t~.,r~rd insur,,nc~• ~r~~rrin~ thr ...~rt~agcd ptvperi}. plus taxe~ and assrss.^.:rnt. next due =~n the mnrt- 4 ;:r .;~a rtti ~e!1 nc r~t~r..atrd by thr ^.vrt~;egrr~ less ail sums al~radc paed thrrrtor di~•~drd bti thr :tumber ~~f months ; ~ 1.., ~ t,rf. rr ~.n~• ^.:•r.th pnrr t., thr dat~ xhen surh ~ruund rent~: p:c:n:ur.u tdxrs, and assrssments w~:l brrune ur- i :~n:~;:r:;t ~u~h t~ hr hr:d t~~ -,~rtRaKrr tn 2rust ro pay said tir~,,~nd rer.ts. prrrriu~s, trxes. ~ndsperialassrssmrr.ts, ~ ..n,i .y.: {~nt~^.~•r~t~ ^~:cnU~mru in trtr tw•r, pre~ rdin~{ subsr~tiun~ uf :ht5 pdta~raph and a2t paymrnts t~! be r.:ade under tnr nutr s .r. cr~•~f h~•r~•bti ~haii br addrd to~rthrr and the a~tRrekr~te amount therevf shall br paid by !he r.:_~rtga~~r each menth i.^. a ~ . •u~,:r ~+..tr•.rnt t:~ hr ei~piird b~ thr ~r:•~rty;aF,rr t~: thr fo:i.~•+~•~ng items ~n thr urdrr srt lorth~ ~ :,r~•^.i~r• ~F~r~;r~ und~r th.• ..mtrr,t .t in~utar.r ~.~:th .he ~e~trtar~ n( H,usi:~g and C'rban De•:e:apa:ent. :~r :r~~~tnl~' ~ , i:ar~~• un :ir~ .~t c.~ rr~e'e• ~:;.~ran, e• ~rr^:i~r..~, a> t~~e .asr r.~:a> hr, ~ !1~ ~.r cn~i rrnt+. :eza•s. a~+r~sr..rnts. fir.•. ~n: thc~r nazerd tnsurancr prrrrwr..s, s ~ iii ~~a~ia-ir..l vrj ii~r :i.:r ~ri~ure•u nc•rrb~~. an.3 ~ J\ rte~.,uon :~f thr pnneifw; sriA n~tr ~ ~\n~ dc~ficienc~ ~n the ~riuunt of ~uch ~+Kgrc~K~~te rr.onthl~' pat'tnestt sha!1. unles. ^-.:~de ~ood ht the ^~ortKaKor ~~n.~r tu the~ due d~tr .~f the nc~xt siich pa~~rent. con~t~tutc> an ecent uf def~utt under thi~ rnortKaKe. The m~rt~.+~re - r•.,t c~~llect "latr clSarKe~' not tu exceed tu~o cents t.'.C) fot each dollar t51~ uf rach'a~ment mote than fiftern ~ + 1~ i d.~c~ !n ~,rrrars to co~er the extra exyense ~ncul~~ed !n handling deLnquent payr~ents. - 3 That it the total ot the pa~ments made by° the mortgagor under 1f~~ of paregraph 2 preceding shall exceed s~ t^r .~muu:u ut p~+~ments arfu~!1~ ^i+de b~ the mortgagre. Eor ground rents. taxes and a~sessments and ~nsurance ~'~r; pre•:riu^:~ ih~• c~sc~ :na~ be, s~ch c~~ress shatl be credited b~• the mortg~gre on subsequent pay~ments to be m.+d~~ b~ !he mott~;aKur. If. hnuc~rr. the monthl} pa~~ments made b~~ the mortgagor under %~~~of paraKraph Z pre- c~=d,:iK ~h.~it nc~t hc~ ~uff?c~ent tu pa~ Rr~~und rents, taxes and assessm.~nts and insurance premiums, as the case '~c~. ~`.c•n thr ~a:rtr shdl! brc~~me due and pa} able, then the mortg~gor shall pd}• !o the mertgagee a~~ ~muunt :ic~cr~~ar, t~~ m:+ke up the dei~ciencc, un or before Ihe d~te u~hen pa~ment of such gruund rents, taxes, assessments. ~ :r~.ur:~n<< ~~re~;iu~n. ~i~all hc~ due. If :,t .~n~ timF the muttKagot ~h~illtender to the :nurtgagee ~n accordance w~~th ~ 'ti;a' .-.'~7~+Ttt i~t ~~lt '1~~~C Si`cu[ed Fl([Yt?;-, ~;i?? ^-~~~"°n°'! i1f t}?P Yll~t(P ~ndebtedne~s represented thereb~~, the (TIOf~- - ~ t~~ • r- • ~,,,~•.re~ ,t:,,i'. in co~c~uten~ thP ,+Ta~~nt ~~f such ~ndeb~edne~ti, cred~t to the accc~unt of the mortgagor all pa}ments - ~--.,r.~• undc~r thc• ~~rnc~.ic.ns uf ~~t ~.~f par,,~;raph ? hereof w~nich the mortgagee has not become obligated to to t;;e ~••cr~~tart oi H.~ucinK .~ad Urban Urvet~>pment and anv balance rrmatn~nR ~n the funds accumuiated under thr ;•r: •.:~.r.~~~ ~~f +~f ~.+id ;:.+r.tKrap~ It thrre shdll be a default under an~~ of the pro~•~~io~s of th~s mortgaRe. re- u~ E~ub~ic :aic• ~.~t thc~ pr~•m„c•s c~~rr:ed iercb~, oc ~f the rr.ortgagee acywres the property otherveise after - ;:.;.,~:t. t<~e• r~~~rtKaKee 4ha11 appl~. .~t the t~me uf the commencement of suc-h proceed~ngs or at the tir~e the prop- ~•r+'. l> :~I~t•L`Al~f dCqJUrd.:he balanre then rema~n~n~; ~n the funds accumul~ted under I'~; of paraRraph 2 preced~ng ~rrc?it ,~Ra~n~t thc• ~rr..~unt of pr~nc~pai then remain~ng unpa?d under said note and sha11 pcopetlyadiust ant~ E•.,;r*rnt~ ~.+i:tch shall ha~e beer, made under ~u: of sa~d paragraph. - J"fh.+t he w ili pa~ ~ll ,axc~ c+~sessments. uater rates, and other go~•e:nmental or mun~cipal ch~rge~. (ines. ,~c ~~.p~+.~t~•.~n:,. trr w~h~ch prr~~ ~sion ~as not been made hereinbefore, and in default thereof the mortgagee rna) pa~~ t~~~ ..,r~~•. :d t'~.~! he :~~~i; pr:~Tpt:t drlner the ufftcial rece~pts therefor to th~• murt~agee. ~'~i ~ ~ - ~ a . . _ = = . r_