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Fojt Vnivs As~sty®, the undersigned promise(s) to pay to ST, IUCIE COUNTY FIA.
• Al~RIOAN TITI.IC INBUAANC$ 001+11'Atl=
, a corporation organised and existing under
the Lws ad Florida , or order, the principal sum o! Fourteen thousand
seven hundred and T+io/100 Dollars (; 14 700.00 ), with interest from
date at the rate ad Fiv• b three-fourtheper oentum (. s--3/~F 96) per annum on the unpaid
balance until paid. Tha said principal and interest shall be payable at the otlbce of
American Title Insnrana• Oo
is IKiaai, Florida , or at such other as the holder may designate in
writing, in monthly installments of ri¢ht,T-!iv and 85/100 Dollars (; 85.85 ).
commencing on the first day of ltaroh ,19 61 ,and on the first day of each month there-
after until the principal and interest are fully paid, except that the final payment of the entire indebtedness
evidenced hereby, if not sooner paid, shall be due and payable on the ftrat day of February , 19 91
If default be made in the payment of any installment under this note, and if such default is not made
rood prior to the due date of the next such installment, the entire principal sum and accrued interest shall
:t once become due and payable without notice at the option o! the holder of this note. Failure to exercise
this opption shall'bot constitute a waiver of the r~t to exercise-the same in the event of any subsequent
default. In the event of default in the payment o this note, and if the same is collected by an attorney
at ]sw, the undersigned hereby agree (a) to pay all costa of collection, including. a reasonable attorney's fee.
Presentment, protest, sad notice are hereby waived.
______ s/ Z. 0. Hall, Jr. ~SeeCl)
lC. 0. Hall, Jr.
_______ s/ Violet H. Hall_ _ sal
Violet H. Hall
And shall duly, promptly, and fully perform, discharge, execute, effect, complete, and comply with and
abide by each and every the stipulations, agreements. eanditiona, and covenants of acid promissory note
and of this mortgage, then thin mortgage and the eabte hereby created shall cease and be null and void.
And the mo: tgagor further covenants 8a follows:
1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the
debt in whole, or in $a 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 such privilege is given at leant thirty (80) days prior to prepayment; and, provided
further, that in the event the debt is paid in full prior to maturity and st that time it is insured under
the provisions of the National Housing Act, he will pay to the mortgagee an adjusted premium charge of
one per centum (196) of the original principal amount thereof, except that in no event shall the adjusted
premium exceed the ..*,~ a~sount of premium charges which wc•.:ld have been payable if the mort-
gag+e had continued to insured until maturity; such payment to be applied by the mortgagee upon its
obligation to the Federal Housing Commissioner on account of mortgage insurance.
2. That, in order more fully to protect the aecurIty of this mortgage, the mortgagor, together with
sad in addition to, the monthly pa seta under the terms of the note secured hereby, on the first day o~
each month until the said note is fully paid, will pay to the mortgagee the following sums
(a) If this mortgage and the acid note secured hereby are insured under the provisions of the
National Housing Act and so long as they continue to be ao insured, one-twelfth (1;~) of the annual
mortgage insurance premium for the purpose of putting the mortgagee in funds v~nt~ which to dis-
charge the said mortgagee's obligation to the Federal Housing Commissioner for mortgage insurance
premiums pursuant to the applicable provisions of the National Housing Act, as amend ie~ and Regu-
lations thereunder; the mortgagee shall. on the termination of its obligation to pay mortgage insur-
ance prenuuma, credit to the account of a mortgagor all psymeata made under the provisions of this
subsection which the mortgagee has not become obligated to pay to the Federal Housing Commia-
aioner.
(b) A sum equal to~the ground rents, it any, next due, plus the premiums that will next become
Hue and payable on policies of ftrre and other hasard insurance covering the mortgaged property, plus
taxes and asaeaameata next due on the mortgaged roperty (all as estimated by the mortgagee) leas
all sums already paid therefor divided by the nq~r of months to elapse beforg one month prior
to the date when such groped rants, premiums, taxes, and aasessmeata will become delinquent, such
soma to be heM by mortgagee in treat to pq said ground rents, premiums, taxes, and special assess-
ments.
(c) All payments mentioned in the two preceding subsections of this paragraph and all pay-
ments to be made under the note becnred hereby shall be added together and the sggre~ate amount
thereof shall be paid by the mortgagor each month in a aiagie payment to be applied by the mort-
gages to the lolbwiag items is the order set forth:
L premim~~charges ender the contract of insuraaos with the Federal Housing Coro-
.
u. rronnd rents. taxes. assesaruents. fire, and other hasard insuraaca premiums;
' m. interest oa the note secured hse+si~y; and
tv. a~satioo of the principal of said note.... ;
Any deficiency is the anwnnt of such aggregate monthly payment shall, unless made good by the
moor prior to the due date of the next such eat, ounstitute an event of default Hader this mort•
gam.- Tbs aio~a~es uW''o~t a "late ~1barnot tgesoeed two c~xs (i~) for each dollar (;1) of
each payment more than fifteen (lf) days in atr«trs to oonr'ewr.:t4l.l~c~+- sacpease involved in hacidling
ddiagneat paymeab. - ~ .
3. That it the total of the ps~m~b #hsmor~agoe antler (b) os paragraph 8 Drroeding shall
~cceed the aawuat of psJments malty #!M for nd rests, taxes sad assessmet-b
sad insura~nos~pt+s ~~sams, s~ qss may ee,ewr ~ b!r the on subsequent
h0- moet~oe.~. lmww~se, the matthbr p~1y~~m the mo~'aisi'os
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