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Home My WebLink About1125 ` , . ~:~~-r.`•, t..:.. ~.~.~:.,~n! ...c• ttiir 1. ..;:d ..,r.d. ~nd rtc~t ~a in Nnd ~ ~ I Si r[r~' 1 ..rtf~:.,. ttli' i~,^~c. ~i i~.i• ..,U?:.. C .alC'~ ~~1 ..G~ ~~i•(~~1.^.~ ['~Ut'\r7. Pt~'t)\'t~EI; A~NA~S. afl~ thrsc t::e~~•n,s a:e exe.ut~•:i .,r.d deltcrcc~~ u~•on th~ f.,~lo~cs^~; con~?iti~nc 2,~ w•~t: ].`:i' .T.(~i!F:a~`U[ :+F,[t`E~ i~~ i~e\~ ~t1t• :^o2i}?,:f;:.c'c'. :li i~rdct. (hr ~rsnc~pa! tiL'ff. O! I~INETE~3 TH013SA:.1D ~+TO HU;:DRED ~ NO/1Q0 ;iv;.a;~ 17~G~0•0~ •i~ t'~id~•n~Ed b~~ :lUit' Ut P\~c'A G~:~~t here~~~?th. w~ith lIIll',•t'Sl fiO:il ~d:E~ i~l 1~:r Seven o.~r c•e~ntum ~ 7-.'~ ner annum on the un~a~d balancr :tii :~<.i:i. The ~a~d pn:tc:p~i ~nd interest sne:l be patable at the o[Gce of , STOCKTOh, WHATLEY, UAVIN ~ COi~'A1~IY, 100 West Bay Street, Jscksonville, Florida ..sI ~~o h vt~rt J1dCe <a~ Ifir }'iOiClE•t J1 ~hf ^Ji~ Tot' ~tSlE,'131E' f(t µ'i1~tR~;, 1:1 P.lO:1Chl~• instailmeats O~ Q~F, HUi~'DRE~ TtdED1TY-SEVhN 6c 87/lOt~ Do:'.ars (S127.87 co:ra~zncin~ on ;iir t~r:t da~ uf January . 19 72 . and on the first dat• ot each month thereafter unt~l ihe pnncipal ..~,r. intrirs: ~re tull~ paid, rxcept th~t the linal pa~•ment oi Nrincipai and i~terest, il not sooner paid, shall be due ~,^ci ,~.+ti,~b:e ~n the firs; da~ of December, 2001. r~r.: sh.,?? dul~, prorr.ptl~, and Enit~• perform, discherge. execute, effect, complete, and cumpl~• w•ith end abide ~..ch and r~er~~ the stipulat~ons, aKreements, cond~UOns, and co~•enants o! said prom~ssor~• note and oC this -.~rt:;~~;e, thrl thts r,tc~rth~,~c and the estate hereb~ cteated shali cease end be nul! and ~•oid. and thr r^ortgeFUr tUil}1Pi CU~E!la:1tS d~ follo~~s: l That he •a ~l? pa~ the indeb:ednes~, us here~nbeEore pru~•sded. Pr~~•ik~ge ts reser~•ed to pa~~ the debt in w•hole. ,~r ;n ~~n ~mount equal to one or r;~o:e monthh• pa~~ments on the princ~pal that are next due ~n the note, on the first ~~2 ~n~ ~^cmth prior to matutit~•: f'r~.~ a. however, that w•ritten notice of an intention to exercise such pri~•ilege i,~ n ~t least thirtt• {30) da~ s prior to prepa~~ment: and, pro~•ided further, that in the e~~ent the debt is paid i~ .,.i: p::or ;o maturit~ and at that ttme ~t is insured under the pro~•isions of the i~ational Housing Act, he will pa~~ to ' -`:e T.~rtg~,Kee an ~d±usted pre:;:~um charge of one per centum (1~") of the original principal amount thereof, except ~n ~o r~ent shait the adius:ed premium exceed the a~regate amount of premium charges uhich would ha~•e ~~•rn p~~~.~b:e ~f :hr mortgage had continued to be insured until maturit}•; such pa5~ment to be applied b}~ the mort- ~~~ee u~~un its obligat~on to the Secretar~• of Hous~ng and Urban De~•elop~aent on account of mortgage insurance. That, m ordFr more fuil~• to protect the securit~~ of this mcrtgage, the moctgagoc. togethec witfi. and •.n ac~di- ~i.,~ to, the r~onthi~ pa~r.ients ur.der the terms of the note secured hereb~•, on the first day of each month until the s;,:c~ not~ ~ti fulit ~~aid, w•ill pa} to the mortga~ee the toilow•ing su~r,s: Ar ar. ur.: suffz. irnt to pev~idr !hc- h, ldrr hrrrc~f caith funds to pay~ thr next mortgagr insur~ncr Frrmiuir iE i:is instru- r..rnt a~d thr no!r'tir~ured hrrrbc arr inxurrci. ~r e-:or.!hl~ char~;e (in Iteu of a mortgugr insurance prrmium~ i( [hey' are r.~ i<i c~~ thr ~r~rrtezt of Huusing an3 l~r:+an Drvrl.;p~ent. as £~llows; ' _ J . ~ J..~ ~L.. ~ •L.. J~ii~ !~J •~1T1~ a~ Shcl1 (l~ljt' lll !'\-C(1 UAIC J11~3 lilil Ili,l(i~1i~~~tt .?J1CY V~ oic ii itY Y ••~~a ~a~~ ~au~v~a~ v• \,.t::~nel H:~u~in;; Act an em~~unt suffi~~rnt to accuc~ulatr ~n~the ~hands of the holder one"il) month prior to ~ts due tt~.e en~~al -ort~;a~e insuren:r ~~rrr.wa:. in ~~:drr to prucide such holdrt u'~th tunds to pa~• suchprec,~u:r. to the ~~~.rrtan F1 ~ussn~ wnd Lrbdn Drrrlop.^.:rnt pur.uent to the Kational Hous?ng Act. as amended, and appl?cable Regu- i {~tl.m~ +hrrrunder, or ~ ll: It and lonQ as said ~,:tr .,f rrrn datr and ihia :nstruc.ent arr heSd bp the Secretart ot Housing and Urbrn Derelop- ! r_~•n;. a rnonthly char~e hn lieu of a mortgage msuronce ptemwm) w•hich shall be ~n an amount equal tu one-tue2fth i ~ I 1~~ 01 one-h~l[ (':i per crntum ot the a~•erage outstanding bal:nce due on the note computed ve?thout taking into ~ a. : ~-~unt drlinquencies or prrpa~•ments, ~ • A.u-. e•qaal to the ground rrnls, if ~n~•. neYt due, pl~s the premiums that w•ill next become due and papab2e on pol~c~es ; .1 Iirr dnd u!hrr harard insurancr c:.cering the .^.:ortgaged propezt}~, plus taxes and assessments next due on the mort- ,dti~ pr_~~~rrt~ ia2: es e~t~rr:atrd bt the ^:~~rtKageei less aIl sums atrrad}• pa?d therefor dt~~~ded b~- the number of months t: r;ap~r br(:.rt- ..nr r.~.r::h pncr to thr date w~hc•n such greund ren:s, premiums. ta:es, and assessments ~iFl becotae de- i:ny,:rr.•. ~u~ h~u:-.s L-r held bj r.:ortgr~ee m trust t~ pay sa~d ground rente, pre~r.iums. t~:es. and speciai assessments, ' and ~r A:; ~~a~r. rn;s ^.c~r.L•imrd in the tu~o pre.eding subsections of this paragrdph and all pay'ments to be made under the note r >r. ~rrd r~ b~ ah.Il bc- added together and the aq~rgate arr.ount thereo( shall be paid b~ the mortgagor e~ch month in a ~ ~tn.;r pe~~r..rnt be ep~:ird bc ihe r.:ortga~~r to thr (o11ox•ing rtems in the order set [orth: r, +i~ p*~••;.:~T. charRr~ urdrr thr cur:ract of inswen~r axth the Secretary o[ Housing and Utban Decelopment. o: monthl~~ s .}:arF~ in l~eu ot r..ortFage insurence ~rer.:i.;rr.1, as the case may~ br, IL ~;r.,und rrnts, taxrs, assrs~^rnts. [irr. an3 ~ther nazard insurance prem~ums; ~ II1 ~ ~nirrr~! ;x~ the note secuted hereby; aad ~ ~ 1~' ~ a~ ::ruzat:on ot the pr?ncipal at s::d nute. ~ :1nt oeficirncl in the ar-iount of such a~regate m~nthlt• payment shall, unless made good by the mortgagor ~ ~ p:i~r to rhe due date ot the next such pa~ment, const~tute an event d defauit under this morigage. The mortgagee ~ T..,~ collect a"late charKe" not to exceed tw~o cents {?C) for each dollar ($1) of each payment more than fitteen +.1.">; d-a~c ~n arrears to co~•er the extra expense im-ol~~ed in handlingdelinquent payments. ~ ~ 3. That it the totai of the payments made by the mortgagor under /b) of patagraph 2 preceding shail exceed tne ~rr.nunt ot pa~rnents actually made by the mortgagee, for gro~nd rents, taxes and assessments and insurance ; ~s ~~reT~~m~. a~ the case may~ be, such excess sha11 be credited b~• the mortgagee on subsequent payments to be j ~;ede b~• the mortgdqo:. If, hou•e~•er. the monthly payments made by the mortgagor under (6) of paragraph 2 pre- crdin~ shdil not be suff~cient to pat~ Rround rents, taxes and assessm~~nts and insurance premiums, as the case ; c~ay be, ~~hen the same shall become due and payable, then the mortg:.gor shall pay to the mortgagee any amount = nccessarti~ tv m~kr up the deficienc~~, on or before the date when pay~ment of such ground rents, taxes, assessments, u: m~ur~~nce prem~ums sha:l be due. If at an~~ time the mortgagor shall tender to the mortgagee in accordance with ?h.• prc~: i~ions of the note sPcured hereb~~, ful] pa}~ment of the entire indebtedness represented thereb}~; the mort- ~~~,ee shail. m co~*.:puting the amount ot such indebtedness, credit to the account of the mortgagor al1 pa}•ments - m~+dc under the pro~~~sions of fuj of paragraph 2 hereof which the mortgagee ha~ not become obligated to payto - tbe Secretarc of Housin~ and Urban De~~e~opment and any balance remaining in the funds accumulated under the ~ proc~sion~ of ~j-~ of said paragraph 2. If there shall be a default undet anS~ of the provisio~s of th~s mortgage, re- ~ su':!in~ in a pubt~c sale of the prem:ses co~•ered ~ereby. or ~f the mortgagee acquires the property otherwise aftet def~ul:. th~• mortgagee shalt apph~, at the time of the commencement c+f such proceedings or at the time the prop- c~rt~ otheru•~se acqwred.the balanre then remaining in the funds accumulated under (?~l of paragraph 2 preceding = a~ a cred~t against the amount ot principal then remaining unpaid under said note and shall Properl~~adjust any ~ pa~•me:tts which sha11 ha~~e been made under ~J1 of said paragraph. ; 'a a That he will pa~~ all taxes, assessments, w•ater rates, and other go~•ernmental or municipal charges, fines. or impe~s~ti:ms. for wh~ch pro~•isiun has not been made hereinbefore, and in default thereot the mortgagee may pay - the• ~~r~e: dnd th<,t he w~ifl promptl~~ deli~~er the official receiots therefor to the mortgagee. _ ~ _ 5 . ~-r ~ D OK P/IGE~~~~ =J ~ - _ ~r ~ - - ~ . . . . - E:t • . _