HomeMy WebLinkAbout1573 To Ha~e And To liold the same, together with all and sirgular 2. That, in order more fully to protect the security of this
~he tenements, hereditamen~e and appurtenances thereunto belong mortgage, the Mortgagor, together with, and in addition to, the
ing or in anywise appertaining, and the reversion and reversions, monthly payments under the terms of the note secured hereby, on
r.niainder or remainders, rents, issues and profits thereof; and also the fir~t day of each month until the said note is lully paid, will
all ~he estate, right, titfe, interest, homestead, separate estate, pay to the Mortgagee the following sums:
~x~,session, claim and demand whatsoever, as well in law as in A sum equal ro the ground rents, if any, next due, plus the
cyui.y, of the said Mortgagor in and to the same, and e~~ery part '
!nereof, with the appurtenances of the said Mortgagor in and to Premiums that will next beoome due and payable on policies oi fire
~he ~ame, and e~~ery part and parcel thereof unto the said Mort and other hazard insurance covering the mortgaged property, plus
_~.~gee in fee simple. taxes and assessments next due on the mortgaged property Iall as
estimated by the Mortgageel less all sums already paid therefor
di~~ided by the number of months to ela~se before one month prior
-~nd the 1~lortgagor hereby co~•enants with the Mortg,agee that to the date when such ground rents, premiums, taxes, and
h; i~ indefeasibly seized of said land in fee simpie; that he has full assessments will become delinquent, such sums to be held by 111ort-
cUHer and la~Cul right to convey ~he same in fer simple as Bagee in trust to pay said ground rents, premiums, taxes, and =
.:foresaid; that it shall be lawful for the hlor.gagee, at all times special assessments; and :
Gxareably and quietly ro enter upon, hold, occupy, and enjoy said ~b? Ail payment~ mentioned in the preceding subsection of this ~
I:in~l. and every part thereof: that the land is and will remain free paragraph and all payments ta be made under the note secured =
r;uin all encumbrances; that said ~fortgagor will make such further hereby ~hall be added together and the aggregate amount thereof
.~~surances to prove the fee simple title ro said iand in said Mort shall be paid by the Mortgagor each month in a single payment to
_~agee as may be reasonably required, and that said Mortgagor d~es be applied by the Mortgagee to the following items in the order set ~
h~rebp fully warrant the title to said land, and every part thereof, forth:
:~~J will defend the same against the lawful claims of all persons ~i~ ground rents, taxes, assessments, fire and other harard in-
humsoever. surance premiums;
lii) interest on the note secured hereby:
Pro~ided always, and these presents are execute~i and deli~~ered ~i~~? amortization of the principal of said note;
~.,tiui the folloHing c~nditions, ro w~it: Ii~1 late charges.
Any deficiency in the amount of such aggregate monthty payment ~
~ h~ ~longagor agrees to pa~ the titortgagee, or order, the principal shall, un{ess made gooci by the Mortgagor prior to the due date of
,,.;r~i ~~f Thirty-six thousand two hundred seventy- the next such payment, constitute an event of default under this
L i ght and no/ 100------~~~ars ~5 36, 278.00 mortgage. The Mortgagee may collect a"late charge" not to exceed
four cents 14t1 for each dollar ISI) of each payment more than fif-
teen 115? days in arrears to cover the expense involved in handling
~~.i~ienced b~ a note of even date herewith, ~~ith interest from delinquent payments. -
~ ~:.~ce at the rate of Nine and one half 3. That if the total of the payments made by the Mongagor ~
; -~~r centum I 9, 5------- per annum on the unpaid ~
i ~.~I,~nce until under lal of paragraph 2 preceding shall exceed the amount of F
paid. The said principal and interest shall be payable ~yments actuaUy made by the Mortgagee [or ground rents, taxes ~
' ~he office of BancBoston Mortgage Corpa-atlon, 7301 and assessments and insurance premiums, as the case may be, such ~
i ~~ymeadors Way, .lacksonvl I le, F~orlda 32256 excess, if the loan is current, at the option of the Mortgagar, shall ~
! ac such other place as the holder of the note may designate in be credited on subsequent payments to be made by the Mortgagor, `
e .+r~~ing, in mon:hly installments of Three hundred five or refunded to the Mortgagor. If, however, the monthly payments
made by the Mortgagor under (a) of paragraph 2 preceding shall ;
~ ;.nd 05/ I00------------~~1a?s ~5 305.05-------- not be sufficient to pay ground rents, taxes and assessments and in-
~ .~~mmencing on the firs; day of February , 19 90 , surance premiums, as the case may be, when the same shall
; and on the f trst day af 8ach month thersafter untl 1 the become due and payable, then the Mortgagor shall pay to the
s ; nncipal and interest are full~~ paid, except that the f:nal payment Mortgagee any amount necessary to make up the deficiency, on or ~
R before the date when payment of such ground rents, taxes,
~ ,.i ~rincipal and interest. if not sooner paid, shall be due and
~•.able on the first da ~ of assessments, or insurance premiums shall be due. If at any time the
S January, 2Q20 Mortgagor shall tender to the Mortgagee, in accordance with the
provisions oi the note secured hereby, full payment of the entire
~n~~ shall dul}, promGtly, and fully perform, discharge, execute, ef- indebtedness represented thereby, the Mortgagee shatl, in com-
f '.:_t. co?nplete, and compl}~ with and abide by~ each and e~~ery the Puting the amount of such indebtedness, credit to the sccount of
~,~ulatians, agreements, conditions, and covenants of said Gromis the Mortgagor any balance remaining in the funds accumulated
-~~r~ note and of this mortgage, then this mortgage and the estate under the provisions of (a? of said paragraph 2. If there shall be a
- default under any of the provisions of this mortgage resulting in a
_ ~rb} cre:~ted shall cease and be null and void. public sale of the premises oovered hereby, or if the Mortgagee ac- _
- quires the property otherwise after default, the Mortgagee shall k
ind the Mortgagor f~rther co~enants as iollows: apply, at the tirr2e of the commencement of such proceedings, or at
= the same time the property is otherwise acquired, the balanue then
- remaining in the funds accumulated under (a) of paragraph 2
h 1. That he w;ll pay the indebtedness as hereinbefore provided. ~'~~"~~ng as a credit against the amount of principal then remain
mg unpaid under said note.
~ s'; iiege is reserved to pa} the debt, in whole or in part. on any
Y ~.tallment due date. 4. That he will pay all taxes, assessments, water rates, and
~ o;her govemmental or municipal charges, fines, o~ impositions, for
? which provision has not been made hereinbefore, and in default
thereof the Mortgagee may pay the same; and that he will prompt-
~
!y deliver the official receipts therefor to the Mortgagee.
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