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Home My WebLink About1902 ~ ~ a. ~ 7 : . . ' . . . . - _ ; : ~ s+' : . , _ ~ . . ; . ' - . . ~ Mtc~. recorded 1 -~in C~. R.~Bk- p~ , ' RQ~E#t NU11~~2A5, Glerk B~~ D.C i ' FOR VALUF RECSIVED, the uadersigned promise(s) to pay to ' . ~1TICa FINANCIAI. . CORkORATI9N . . , : . . . ~ ' ~ a Qorpor~tiob organi~ed and exieting under ~ the lavora of Delawexe ~ or order~ th~ prin~ipal aum oi $eventee~ thausand eix hundred and No/100 -----a--~---Dollars 17,600.00 )~with interegt from date at the rate of Five 8t One~Qttarter per centum ( S~ g6) per - annum on the unpaid balance untjl paid. The eaid principal and interest shall be payable at the of~ce of ~ ATICO FINANCIAy. CORPORATION . ' in Miami 1, Flor ida ~ or at such other placae as the = holder may designate in writing, in monthly installments of Ninety severi and 33~100 ' Dollars ~7 .33 commencing on the first day of February . ~ 1965 ~ and ; on the f~rst day of each month thereafter until the principal and inf,erest are fuily paid, except th~t the flnal : payment of the entire indebtednesa evidenced hereby~ if hot sooner paid, shall be due and psyable on the ' firat day of January ,1995 . ~ I# default be made in the payment o# any installment under thia nnte~ and if ~uch defauit is not made goad prior to the due date of the next such instaliment~ the entire principal sum ~nd accrued interest shall at once become dus and payable without notice st the option of the holder of thia note. Failure to exercise this option sha~l not constitute a waiver of the right to exercise the aame in the event of any subsequent ` default. In the event of default in the payment of thig note~ and if the same is collected by an attorney - at law~ the underaigned hereby agree (s) to pay all costs qi collection, inetuding, a reasonable attorney'e fee. ' Presentment, protest, and notice are hereby waived. : .~.Alb~t flPr ~rrl_g~ ~SEA?~ , CState Docuua~ntary Stamps Albert L. Bernardo ~ aff ixed to original not~ ~ an~l cencell~d . ) ~ #,~.~~13~ ki~ Aernard~n--- (S ..FA7•) ~ J~ne W, Bernardo . _ ; And shatl duly, promptly. and fully periorm, discharge, execute, ef~ect, complete, and comply with and . ~ide by each and every the atjpulations, agreements,_ c~nditinns~ and covenant~ oi aaid promiasory note and oi thia mortg~ge, then thi~ mortgage and the eat~te hereby creat,~d ahal! cease and iae null snd void. . And the mortgagor further covenants ae followa: ; ' 1. That he will pay the indebtedness, as hereitnbe~'ore provided. Privilege ~a reserved to pay th~ - debt in whole, or in an amount equat to one or more mt~nthly payments on the principal that are next detu on th~ note~ on the first day of any month prior to maturity: Provided, however~ that written notice of an ~ intention to exercise such privilege is given at least thirty (30j days prior to prepayment; and, provided ' further~ that in the event the debt is paid in fuil prior to maturity and at that time it ia ineured under . the provisions of the National Housing Act, he will pay ~o the mortgagee an adjusted premium charge o~ one per centum (l~yo) of the original principal amount ~thereof~ except that in no event shall the adjttsted ~ ' premium exce~ed the aggregate amount of premium clisrges which would have been payable if the rriort- : gage hacl cantinaed to be insured until maturitS~; such :payment to be applied by the mortgagee upon its obligation to the Feder~l Housing Commissioner on aceount of mortgage inaurance. • 2. That, in order more fuliy to protect the security of this mortgage~ the mortgagor, together with, ~ aaid in addition to~ the monthly payments under the terms of the note secured hereby. on the ftrat day of - each month until the said note is fuliy paid, will pay to. the mortgagee the following sums: (a) An amount sufficient to provide the holder hereof with funds to pay the next mort insurance premium if this instrument and the note secured hereby are inaured, or a monthty cha~ . (in lieu of a mortgage insurance premium) if they are held by the Federal Housing Commisaioner, ' . ~ a~ follows : ~ . . i - (t) Ii and eo long as said note of even date and thie inetrument are inaured or are reinsured under the ; provisions oi the National Hauaing Act, si~ nmount sufl~cient to ~ocumulate in tbe hands oi the holder - • n~g (Y1 mnr•h nrior to its due date the annual mo insuranoe premfum, in order to pmvide.ueh holdar wit'.. iunas to pay auch premium to the Feders~sing Commiasioaer putauant to the Nstlonal . . Housing Act~ as amended~ nnd applicable Re~ulatlona thereunder; or , . (u) Ii and so long ss snid note oi even date nnd this•irutrument are held b the Federsl Housing Commir ~ ~ sioner, a monthiy cha~ (in lieu oi s rnortgage ineursn¢e premium~ whIch shall be !n ~u? smount . . , equat to one-twelfth ( y~) ot one-half ( 3S ) per centum oi the average outattandin~ bal~nce due on the ~ note computed without taking into secount delinquencies or prepaymenta; . ' (b) A sum equal to the ground rent$~ if any~n~ Xt due, plus the premiuma that will neut become ~ " . due and payable on policiea of fire and other hazard inaurance covering the mortgaged property~ plua t~: taxea and assessments next due on the mortgaged; property (al! as estimated by the mortgagee) lesa - all auma alre~dy paid therefor divided by the nurraber_ of munths to elapse befor~ one month prior ~ . tA the date when such ground rents, premiuma, tszes, and sssessments will became dellnquent, such _ ~ stuns to be held by riiortgagee in trust to pay said gmund rents, premiums, taues, and apecial asa~eas- , . • menta; und . ~ . . (c ) All payments mentioned in the two preceding ~ubsections of thia paragraph and a11 pay= menta ca be made under the note secured hereby shall be added together and the a te amount . ~ thereof ~hall be paid by the mortgagor each month in a altigis payment to be appli~~the morti- . ,~tgee to the following itema in the order set for~h : . (t) pnmium eharges under the contrsct oi in~ursnce with the Federal Hwasing Commialoner; or manthly ' - chasge (in lieu of mortgage insnrance pt+~mium) ~ ss the eaae may be; (tt ground rents, taxes. asaesamente, flre~ anc! other huard insurwnce pt~qiurnr; ' ' {tti interest on the note eecured henby; ~nd ~ ' . _ ~ (tv~ aa~nortisation of the principsl of said note. ~ Any dellclency in'the amount of such aggregatc'imonthly ~ayment ahall, unlesa made g+ood by ttt~a ~ mo~r prior to the dae date of the next auch pa~?rnent~ conatitute an_event of deiault under this mor~ • ~ge. e mort~agee may cullect a"late charge` nat to exceed two cents (2~) for e~eh dollur (~1) af each payment more than fifteen (lb) day$ in arres~rs to cover the extra expense iavolved in h~adiinQ ~ delinqueat p~ymeata, . 8. Th~?t if the total of the payment~ made by the mortgagor under (b) of paragrAph 2 precedin~ sh~ll e;~eed the s~mount_ of payments actualiy made by the mort~sgee, far qroetnd rente. taxea snd assesu~ments - . - . B~~d( ; (d . } - - ' ~ R f~f ~ ~