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ST. llklE COUMTr. FLA.
FOt VALUS BiC6IYS~, the underdlgaed promise(s) tD P~ ~ .
3 1YiRT0Al1 TITLZ Ii!iSUR11NOS OOKP,ANY
' . a corporation organised and existing under
the Lws d 1!'lorida . or order, the principal sum of pilteen thousand
seven hundred and 110/100 Doilsra (i 1S ?00.00 ), with interest from
date at the rated >f'iv• b_ threeMlo~trths per centuaa ( 5"9/~ 96) Per annum on the unpaid
balance until paid. Ths said prhulpal dad interest shall bs ppable at the o®oe of
~nerioan Titl• Insurance Co>~paty
~ l[1 aa~i , 1Plor1 da . or at such other place ad the holder may designate in
writing, in monthly installments d Ninety-one and 69/100 Dollard (i 91.69 ),
ecmmencing on the lkst day of ]'eyr~ ='7 .19(1 . a~ on the first day of each month there-
after until the principal and interest are fu3ty Paid, except that the 14na1 payment ai the entire indeb, Qtedneaa
evidenced hereby. it dot sooner paid, shsll be due and pe~ysbw on ills oral uay of Jr~:u~- , -~ ~
If deta~ilt be made in the payment of any installment ender this note and N such default is not made
good Prior to the due date of the next such instaiiuiao-t, tree entire priiscipa,~ a~ =red rarru~l '-eternal shall
at once become due and pe-yable without notice at the option of the holder of this bote. Failure to exerdse
this oppLiv~ stiau not oonatitute a waiver of ins ngni io ~en:isa the s:.:,e :z thr~ ;,eat of eny °,=bee;""ut
default. In the e~cent of default in the psyment of thin note, and if the same is collected by an attoraeY
st Lw, the undersigned hereby agree (a) to pay all costs of collection, including: a reasoaabie attorney's tee.
Presentment, protest. and notice are hereby waived.
-- ___•.___~/ Jesse ~1. Boott (Beal)
Jesss W. Woott
____ __ e/ Olive Scott __ (Seal)
Olive Scott
And shall duly, p~P~Y. and l`ol'ly periorui, ,~,.-aim. eacea:~tc, eiio~`t, complete, and comply with and
abide by each dad ever, the 8tipuiationa, agreemenia, COIIalLloil3, unu GvvCniui~a va oiiiu pia:a..:a&Or3' note
a ~, ati.i_ ..,.~..~nreea ~n~ +1.0 ~tt~+a hnwhy ~r+ngted shall (:ea8e and be null and void.
i.st+2 a`3a a'.,Sa :i1IIi `ri~1s~- rz:za: _~ _ =s--o- --
And the mortgagor further covenants as follows
1. That he will pe~y the indebtedneaa, as hereinbefore provided. Privilege is reserved to pay the
debt in whole, or in as amount equal to one or more monthly payments on the principal that are next due
on the note, on the Brat day of any month prior to maturity : Provided, however, that written notice of an
intention to exercise ouch privilege >s given at least thirty (80) days Prior to prepayment ; and, provided
further, that in the event the debt is paid in full prior to maturity and at that time it is insured under
t_ _~_s_e_-- _t at.. 1~T~~iw..a1 T?n»ains Ar+ hw Will pAli t4 the martgigee aII adjusted premium charge of
tun yavvaea„a.o w ....v ..owv..... __.........~ ___-. --
one per oentum (1y6) of the original principal amount thereof, except that is no event shall the adjusted
premium exceed the agrere to amount of premium charged which would have been payable if the mort-
gage had continued to be insured until maturity; such payment to be applied by the mortgagee upon its
obligation to the Federal Housing Commiaaioner oa aooonnt of mortgsgs insurance.
2. That, in order more fully to Protect the security of thin mortgage, the mortgagor, together with,
and in addition to, the montlily payments under the terms of the note secured hereby, on the flrat day of
each month until the said note is fully paid, will pay to the mortgagee the following sums
(a) I! thin mortgage and the acid note scarred hereby are insured under the provisions of the
National Housing Act and so long 8a they continue to be so insured, one-twelfth (1;~) of the annual
mortgage insurance premium for the purpose of putting the wort '~aaggeese in funds v~nt~- which to dis-
charge the acid mort~ag~ee's obligation to the Federal Housing C'os~vniasioner for wortga~e insurance
premiums pursuant tthhe applicable provisions o! the National Housing Act, as amended, and Aegu-
lations thereunder; the mortgagee on the termination of its obligation to pay mortgage insur-
ance premiums, credit tat'the account of a mortgagor all payments made ender the provisions of this
subsection which the mortgagee bad not become obligated to pd3- to the Federal Housing Commis-
sioner.
(b) A sum equal to the ground yenta, i! any, next due, Plea the premiums that will next become
due and payable tin policies of flr+s and other hasard insurance covering the mortgaged ProPertY. Ply
taxes and asaeaameats next due oa the mortgaged pnperty (all as estimated by the mortgagee) leas
all sums already paid thereTor divided by the number o! months to elapse before one month pnor
to the date when ,such ~rotmd rOntd. pramiuma, taxes, and aaaesamenta will become delinquent, such
sums to ba held by mortgagee in trust to pay said !inured yenta, premiums, taxed, and special ssaesa-
..,a..t.
.r.~. (a) ~ sets meniivned in the two pr~;.,g '+.itueoC:tioYlfi of thin paragraph ar..a. :lI p y-
..,a.,h +n ~,.. under (;he date secured hereby shall be added together and the a~gre~ate amount
"'"gam ~ o~w~ ~ftema in o aetni nrth ~ a single paayment to be applied by toe awrF
~ ureminm charged Hader the contract of insurance with the Federal HouainY Coan-
midsioaer ••
II. ground rents. taxes, assessments, ~ and other hazard insurance premiums;
zu.-interest on the note secured hereby; and
- n-, aadortisatioo of the principal of said note.
~y de~cy in the amount os such aggregate monthly eat shall. unless made good by the
prior to the due date d the neoct such t, fate as event of default under this morb
a~a~ mortpges collect sti'="late .'mat t+o e~ooeed'tw~o oep~i. (9/) for each dollar (f l of
each payment more tin Atbsea (33~ ; d+u-~ in atrase~t ~ ao~~rear ~e gaga apse iavplved ~p handiiag
ddingnestt payments. ~ - •
!l. That if the total ad the p~y~b made ~ Hader (e~) d paragraph 8 preceding shall
sassed the amount of paymeab a~all3r yeadM tt~s far rents. taxes and asaeaments
and is pe+amiuma, ds the cede rosy a~was dlall an~d~tbe mortgagee on dubdegwat
bo bi msd+s by t1N ~ L _~ ~~, p made bar the morrtsagor
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