HomeMy WebLinkAbout0922 to Hne And To Hoid Ihc ~~n~r, tugcther with a!i anJ »ngular (a/ .a ~um ryual tu tht ground rrnt., i( any, nC~t dut, plu~ thr
;t~r ~enrmrnt+, hrrrciitamcnts and appurtenancrs thercuntu bclung• premiums that will ne~t bc~ume due and payablr on pol+~~c~ uf
:rE ur ~n amu~se appettaining, and ihe rrvcrsion and re~en~ons, firc and oth~r hatard inswancc ro~cring the murtgagrd pruptrt~.
~r~iia~nder or rtmaindcr~, rtnts, issues aad prafitc thereuf; and piw taxes and assc~~nients ne.tt due un the mortgagrd proprrt>
.c:..~ all ihe e~tate, right, title, intcrcsc, homrxtrad, separate cstate, (ail as cstimated by thc Mortgagce) Icss a!I sums alrcad~ ps~J
;~~~,.e~~~un, ciaim and dcmand whatx~e•er, as Nell in law as in therefur di~~?ded by the number of rrtonths to rlap.c befurc une
~.;wcy, of the sa~d Mungagor in and to ths same, and t~•crp part monih prior to the date Nhen such gruund rentt, prrmium:, tatr~.
~~,rreuf, v?ith thr apnurtenan~es of the saiei ~1or~gagor in and eo and assessments will bccome delinyurnt, such surns t~~ bc he~d bc
;:r ,amc, and e.ery part and par~el therraf unto the ~aid !11urt- ~lortgagee in trust to pay said ground rrnts, prrmium+, taies, and
:.~rrc in fre simplr. spccial a~srssments; and
r~ii~ [tl~ ~tortgag~~n c~rcb~~ :o~~rnant, W~itt~ thr ~lortgsgre that Ibl All pa}~mcnt~ mcntioned in the prcce~i~ng .ub~ccnun ~~f thi, .
inJefea+ibly sriied of ~a+d land in (ce »mpir, that he has futt paragraph and all pa~ments w be made ur,~irr ihr notc uwrccS
,•~~~.rr and lawful right to run~ey thc ±amr ~n fee ,imple as hereby shall tx added togett~er and the agXreKace amuunt therroi
.~~:~ic,aid: tha~ it shal! tx lawful for the \lortgagee, at al( time~ ~hat~ tsr paid b}• tht !~lortgagot each manth :n a~ingk pa>mrnt tc~
;~~•acr~biy ar,d yuittly to cnte~ u~~n, hold, cx~~up}, and rn~vy said tx ap~lied b~ ihe \tor,gagct to the folloN~ng ~tcm~ in thc urdrr ;
:~ct:i, and e~ery ~art thereof; that !hr land ~s and ~ill rcrosm free tict forth:
, !~~~m a!1 encumbran~rs; that sa~d ~turtgagor w~ll makc such tur- Iil ground rents, taxc,, ati~es~mene~, firr ancl u~her ha~ar~i ~r~-
r
~hrr a~suranccs to pro~~ thc fee s~mpic ti~tc to said Iar.J in ~a~d +urance prrnuum5;
~1~xtgagre as ma~ lx reas~nabt} rcyu~red, and that said ~1urt- lii) mterest on the notc stcurctl hereh~;
:dki1! ~1ucs hercb~~ lull~~ warran! the t~tit to ~aid land, snd r~cr~ iiiil amurtir.auun uf :he prini~~al ut .aid n::tr;
;.~rt thtcevf, and will defend tht ~amt again,t the IaHlu! rlaim. of li~) late charges.
,I! ~~rrsans whum,~x~er.
Pro~ided aiwr}s, ~nd [hrse prcient, ;ere earruic~ and deh~crr~f An~ dtf~~rn~} in the amuunt ~f such aggrcgatc munthi} pa~
un thr f~lloHjng rund~u~~ns, to ~it: rncnt shail, units5 mad~ g~x~d b} the ~lurtgagix pnur to the ~iur
I i!c \turtgagor agrrrs to pa} the ~turtgagtr, c~r ur~ict, thr pnn~ipal ~ate ol the next w.h pa}mrnt, constitute an e~ent uf de(ault
.,;ni For[y~ Four i7ousand EighC ii~ndred and ~~d~r this mortgage. 7he'~lartgagrt ma~ colleit a"latc chargc"
not to et~ced ~our ccnts ~ae) for ea.h dollar ISI) of cach pa>men:
m~~re :han fiftcen (15) da~s ~n arrcar? tu io~cr thc e~Gxnse imu~~-
.io./ 1J0 [h~llart lS y'~+b~`~•U~ cd in handlirg dcl~nyucnt pa>mrntti. ~
c~ji.~rn;rc! b~ a n~~te .~f r~en .1ate hrre.+ith. ustfi ~ntercct t~.}rn I
:,,~r at thr ritc cleven J. That :f thr tota{ af~the pa>mcnes ma~c by t~~r \t~~rtgag~~r ;
undcr (a1 of par~graph ~ prcceding sh~ll cr.rrd thc amount oi
pa~mcnts actualiy madc by thc'.Llortgaget, (or gronnd rents, ta.~~.
c~rr ,:rttt~un 1 ! ~ 'o), Per a~,num un the un, s;~! :~r,d as+essmrntc and :n~urance premlums, as the cax ma~ tx.
`~.,1~r.:e unrl pa~d. ihr ;a+.1 ~r:^:i;a! an.i ~ntrrrt shail ?~r pa~ehle +u~h e~re5c, ~f the loan i~ :urrcnt, at tAe option of the \le~rtgagur,
~hr .~ffi~c ut independence 'lortgadc i:orpo: at ion ~ha1:, 'c+~ crcJ~ted un sub~cyuent pa~mcnts to tx made b~ the
of Ar:crica ''b99 Lee hoad ~uite 6~U ~~~'~iKsgor, or refundcd so tht ~tortgagor. lf, huwe~er, the
` m~~nthly pa~me~t~ made by the ~lortgagor under fa? of pa:agra~h
i~Z C c r P~i rk , F 1 o r i d~ 3 Z 7 ii9 ~ pr~~rd~ng shatl not tx ~uffic~cnt to ~a}• gruurt~ rrnt>, ta~ces dnd
e,+rti,menic and ~n~urance prrm~um~, a~ ttte case ma~ he, xhzn
- 3t .u:li ~~:her E~ia.r s• ttit ±~~~:~rr uf chc n;~~c r~:e~ cirFtg~i.,tr ;n ~hc ~ame ~hall hecome due and pa~able, then tt~e ~lortgagor shall
••i~urg. ~n rn~~nth~~ ~n~t~llr:~rr.t. vf rour flundred Twe~~}' D~? s~~ the ~tortgagce am am~unt ne:e~ian to make up the Jef~
yi f a~~ ~4r 1~~ .ien:~, ~?n or btforc tht datt when ~ayment of such gro~nci rrnc~,
tau+, a,~cssments, ur ~nsuran~e premiums shall ?•c duc. I( at an~
i)~~I;.+rti ~S :,"~6. b~+ tirne thc ~lortgagor +hall tendcr to the ~tortgagre. in ac~ordan,t
~v~~,t,rn.~;~~ ,~n s'~c ?int ,f,:< <,; Sep[ent,er 1 . 1`bo . ~~ch the prc~tiis~on. oi thc nctc tin.ured herch~. futt pa;ment u!
.:n;! ~~n thr f~r.t ~fa> ~~s re:h cn~~nth thtccattcr u~~:i! ttir ~~ri;~:~{~a! thc cntire inJcbtedntss repreirntrd thcrrby, ihe ~tortgager shall.
:~i~ ~t~~rrr~~ arr fu11~ pes~i, r~.e~t that ~he (ii~a? ~3yrr,cnt ut ~nn 'n :umputtn~ tht amuuni of c~~h ~ndebtednru, crtdit ti~ ?hc a~-
.ui;nt uf thc ~turtgagur an} balan:e ;e~s~aimn~ in the fund. a~-
c;~al a~~J i::tcrr~t. +1 r~~t .~~.~;:cr ; aiJ, ~hail tk ~3uc a~~i ; e~ahir ur ~~mu~a~ed under thc prc~~iswns of (a1 of said ~aragtaph 2. If
t:c fir,t .i~. :~f ~;uhust i, 2Ulti thrrc +haH hc a drfauit un~c? any o! thc prv~i.ium ~~t :fus Ri~;rt
\n~ ti?~at! du(~, ~rum~tli, .u~d tull~ ~rrt.~rm. Jn~har~tr, «r~utc, g.,~c rr~uiiing ~n a~1ub:i. ~ale of the rrern~cea c~,~errd herch~. ~~r
::rtr:~, .~•m~!ctr, sn~1 .:~m~i~ uith :~n.1 ahi~le h} ca~h srd e~tr~. ~f thc ~1~.utgagee a~y~~re~ the p!upert) utherwitir alttr defauit, rftie
;hr +~~p~l:iti~~t:.. agtrcmen!:. ..~n,li'~~~n., and .~>~en.~nt. ~,i ~1;jrtga~ee ~hal( ap~h. at the time ~rf the :c~nirnen:emrt~t ~~f ~u~h
~'~f„ti;c.~~~i~ 11~~t~ :ff:i~ Uf iF1: [11Jfl~,.fg~. 1}iCtl thN flluflfS~;C .1tiJ (tiC (?tc~iKt~l(l~t, or at tht ~amc t~mr tt-ic rfU(~C[t\ R~~Iherwttit 3~~
.~;c hrreh~ ~t~~atc~ ,hai~I ~re,r en.3 he n;~il .:tt~i ti~~~.1. tau~rcd. !ht ha:an.e thcn rtma~nir.~ ~n thc lut~~~ s~:um~L~tet1
~.~i;~er lal uf ~ar;~gra~+h ~~rr:tJmg n~ a:rc.fit .+g:+in,: thr err~~u~~t
1nd Ihe ~1~rIXyR+~r f~rlhtr cu~en~nl~ ati fuflo*w1: ,,f ~rtn:ip:+{ tt~rn Temain~n~ uri~~eid unc;rr ,a~d r~utc
1. Th~:t tie w~!! r.~r the ~n~e~trdne~• sc herti:~tzrlure ~ruti:,irJ
~~!!l t~l"LiC 15 (l'~C('.C(~ ;U if1C ,Cf I, i!1 :~t?:~(C :1( i:t ~~3GI. t!(i d7ii 1 ~15~ ~iC K:~( ~d\C\, d~tt~~ET1C^S~, H.t!tf r~teti. and l~(tiCf
.ll~;di::11C(t( t~Uf (j3iY. F~?~t['iRl?fIt/I l)1 (ill3(li~l(`d~ ~(:3tl:~. 11I1C~, V( IR:(~ti~i(1~~11~. illf
Hhi:t~ rru~i~~c;n hss ~~~,t trcn t*iade iit?-^inhxiure. anJ in ~cfat.i;
2. 1>sat. in c~rder m+,rc 1ull~ r;t,,r.t thr ~e<<:r~:y t!~i~ ;n,~rt therec~t the ~1nrtKa~cr ma~ ~~e> the ~amc: and ;ha! ne wil!
'yd~tC, t17r 11~>r~ga~.~r, ~~.~gctl~rr ~N~:h. .s;.d ~n eS,:;ti~m t}~c ~.rnrnp~l~ ;1~i~~cr thr ~~ffi,ial rcccirts thcrrf~~r t1~r ".1rr~g.ts:cr
,r,~~nth~y pa}mcnt; iendcr iht t:rmti ~~t th: r.~~tr .c~urcd hcrrh~.
;hc t~r~! ~a} uf caiti tn~~nth unt+i thr ,a~J nutr t~ fu;l~ r.+~~1, ~;fi
;n ihc 11urlgaRcc tht f~~iluwit;g tiuti~:~
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~a;~e 2 of 4 ~ HUO 921 14M 1
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