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Home My WebLink About2270 F t t i 4 ~ ~ t ~ • Fott V~[.u~ R~c~tv~, the undersigned promise (s) to pay to ~ ~ ~ STOCKTCN ~ WHATLEY~ AAYItd 8a CQMPA~IX # ` , a corporation organized and exiating under ~ ~ Lhe lawa of ~tate o~ Florida ~ or order, the principal sum nf, ~ _ Dollars 8 200.~p with ; TIGHT TE00'~AND, TWO H(TNDRED dn 00~1f30 - - - - ~ ~ interest from date at the rate of g3,ve ~ one•~ouarth per centum ( per z annum on the unpaid Us~lance until paid. The saici principal and interest shail be payable at the office oP ` STOCKTC~i, WSATLEY~ DiAVIN & COMPANX in Jaok o~v3~fie Flor~ida , or at such ather place xs the ~ holder may designate in writing, in month~y ~ns ~ents o gpR~+y..~Q~ do 35~~pp Dollars 45• 35 commencing on the first day of JANOdRY ~ 19 6, and on the first day of each m~nth thereafter until the principal and interest are fully paid, except that ~e finat ~ payment of the entii•e inde~tedness evidenceci hereby, if not sooner paid~ ahall be due ~and payable on the first day of DECII~ER , i9 94• ~ If default be made in the payment of any installment under t}~is note~ nnd if st~ch default is not made ~ good prior ta t4ie due dnte of the next auch installment, the entire principal sum and accr~ted interest shall at once become due and payable without notice at the option of the holder of thia note. Failure to exercise ~ ~ this option shall nut constitute a waiver of the right to exercise the same in the event of any sut~sequent default, In the event ~f defAUlt in the p:~yment of this note~ and if the same is collected by an attorney at Iaw, the undersigned hei•ebp agres (s) to puy all costs of collection, including, a reasonable attorney's fee. ~ Presentment, protest, and notice are hereby watved, ~ ' ,~~f...~a~her3ne n~ ,gsn , ' ~ ~ . Cat3~erine Finneg~aa ~ ~ ~s~..Gstherine C. ~ Finne_g+~ ~ ~ Catherine C. F'innegan ea Co-signer . _ ~ ~ ~s~.~Siohn_~._~,•~~oan ~ - ~ John J. Finnegan as Co-eigner ~ ~ ~s~_ A~~~Q__~:_ ~8~_._._... . ~ ~ c e aa L-s er . And ~hall duly~ promptly, and fully perform, dis~harge, execu~e, e1~ec , co~p te, anc~co~~y wlth and ~ t~bide by each and eve~y the atipulations, agre~ements~ conditions, and cavenants of said promissory nate ~ ~d of this~ mortgage~ then t.~is mortgage and th~ estate hereby created shall cease and I~e null and void. = AAd the mortgagor further covenants as follows : ~ 1. That he will pay the indebtedn~ss, as hereinbefore provided. Privitege is reserved to pay tha ~ debt in whote, or in an amount equal to one or more monthly pa~?ment~ on the principal that are n@xt due , ; on ~he note~ on the first day of any month prior to maturity: Provided, however, that written notice of an intention to exercise such privitege is given at least thirty (30) daya prior to prepayment; and, prnvided ~ further, that in the event the debt is paid in fuil prior to maturity and at that time it is fnsured under the provisions of the National Housing Act, he will pay to the mortgagee an adjusted premium charge of ~ , one ger centum (1%) of the original principal amount thereof, except that in no event shall the adjusted } r premium exceed the aggregate amaunt of premium charges which would have be~n payable if the mort- ~ gage had continued to be insured until maturit~~; such payment to be applied by the mortgagee upon its = obligation to the Federat Housiug Commissioner on account of mortgage insurance. - ~ ~ 2. That, in order more fuiiy to protect the security of this mortgage~ the mortgagor, together with, ~ and in addit?on to. the monthly payments under the terms of the note secuYed hereby, on the first day of ~ each month until the said note is fully paid, will p~y to the mortgagee the following sums: ~ * (a) An amount sufficient to provide the holder hereof with funds to pay the next mortgage ~ insurance premium if this instrument and the note secured hereby are inaured, or a monthiy charge ~ (in lieu of a mortgage insurance premium) if they are held by the Federat Houaing Commissioner, ~ ~ , aa foltows: . • ~ (t) If and so long as said note of even date snd this inetrument are insured or are reinsured under the . provisions of the National Housing Act~ an amount euf~icient to accumulate in the hands oi the halder ~ one (1) month prior to its due date the annual mortgage insurance premlum, in order to provide euch ~ hoider with funde to pay euch premium to the Federal Housing Commi~aioner purauant to the National ~ Housing Act, as amended, and applicable Regulationa thereunder; or ~ ~ (t[) If and so long as said note of even date and this instrument are held by the Federa~l Housing Commis- ~ sioner~ a monthly char e(in lieu oi a mortgage insurance premium) wtiich shall be in an amount ~ equal to one-twelith (~2) of oae-hali ( 34 ) per centum of the $verage outstanding batance due on the s n~tP mmnuteci without takinA into ~ccount delinquencies or prepaymenta; . ~ (b) A sum equal to the grnund rents, if any, next due, plus the premiums that will next become ~ due and payable on ~olicies of fire and other hazard insurance covering the mortgaged property, plus _ ~ taxes and assessments next due on the mortgaged property (ali as estimated by the mortgagee) lesa all sum~ already paid therefor divided by the number. of munths to elapse before one month prior i~ to the date when such ground rents, premiums, taxes, and assessments Evi11 become delinquent, such ~ suma to be held by mortgagee in tre~st to pay said ground rents, premiuma, taxes, and special asseas- ~ ments; and . (c) All paymenta mentioned in the two preceding subsectiona of this paragtaph and all pay-. ~ ments to be made under the note secured hereby shall be added togexher and tlie aggr~gate amount } thereof ~hall Ue paid by the mortgagor each month in a~ingle payment to t?e applied by the mort- ~ gagee to the following items in the order set forth : _ } • (t) premium char1qes under the contract of insurance wi~h the Federa! Houaing Commiseioner, or montliJy ; charge (in liea of mortgsge insurance premium)~ sa the case may be; , • t (t[) ~rovnd rents~ taxes, aeaeasmente, flre, and other hasard inBUrance preentum~; c " . (tu) ~nterest on the note secured hereby; and . - - (tv) amortizatfon oi the principal of snid note. . " ~ Any deficiency in the amaunt of such aggregate monthly ~ayment ahall~ unlesa made g~ood by tfie E mortgagor prior to the due date of the next such pa~?ment, canstitute an event of default under this moi#f ~ gage. The mortgagee may cuitect a"tate charge' not to exceed two cents (2~) for each dollar (~lj al E e~ch payment more than fifteen (ig) days in arrears to cover the extra expen~e involved in handling ~ ~ ~lelinquent payments. ~ - 3. That if the total of the payments made by themortgagor under (b) of paragraph 2 preceding ahall exceed the amount of payments actually rr~ade by the mortgagee, for p~round renta, taxes and asses.aments - ~ . ~ . D _ ~i . ~r~:~~ ~~U rt c.c ~ ~ -