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}o'eR VALUE RE"':ElVED, the undersigned promise ~ s) to pay to
Lcx:aZy, :A..~..i.':C:G ::: .:IC:?l.', r::c.
, a corpo.-ation organized and e~;~ting under
the law3 of ;.:arylo.nd , or order, the principal sum of :-:1'::';(:1, ': I,,) " ~'.:..1
Five Hu..'1dreu (c 1:0/100 _ _ _ _ _ _ _ _ _ _ _ _ Dollars ($11, ~C,j,:",:. ). with inlen'sl fro~
date at the rate of Five & O;"e-;t6lf per centum ( '>1/;.>. 5'c>) per annum un the unpaid
balance until paid, The &aid principal and interest shall bt, payr.ble at the office of
Eogley, lIar ;:,i,1"'; :.: ::l;: ~, Ir:,c" lox T..3 ,
in Ea.u Gal lie , Florida , or at such other place as the holder ma.>' designate III
writing, in monthly installments of Six'-::-fi \'c 2: J,/lVO _ _ _ _ _ _ Dollars ($ - -' ,::,~ .),
commencing on the fint day of ::8.:" ,19':'1 ,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 indl'Lh'dness
evidenced hereby, if not sooner paid, shall be due and payable on the first day of : '0.:'(::' , 19 . I' .
If default be made in the payment of any installment under this note, and if such default is not made
good prior to the due date of the next such installment, the entire principal sum aJ"ld accrued interc<;t shall
at once become due and payable without notice at the option of the holder of this note, Failure tl' exercise
this option sh&ll not constitute a waiver of the right to exercise the same in the event of any subsl'quent
default. In the event of default in the payment of this note, and if the same is collectcd by an attorney
at law, the undersigned hereby agree (s) to pay all costs of collection, including. a reasonable attorney's fee,
Presentment, protest, 8;'1d notice are hereby waived.
.
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And shall duly, promptly, and fully perform, di~har~(', execute, effect, ccmpll'te, and comply with and
abide by each and every the stipulations, agn'ements, conditions, and Co\'cllants of said promissory note
and of this mortgage, then this mortgage and the estate hereby created shall Cl'ase and be null and void.
And the mortgagor further covenants as foHows :
1. That he will pay the indebtedness, as hereinbefore provided, l'rivill'R"l' is reserwd to pay the
debt in whole, or in an amount equal to one or more monthly payments on the principal that an' Ill'xt due
on the note, on the first day of any month prior to maturity: Provided, how(,\'l'r, that writtl'n notice of an
intention to exercise such privilege is given at least thirty (30) 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 insurl'd under
the provisions of the National Housing Act, he will pay to the mortgagee an adjusted premium charge of
one per centum (1 ~'(-) of the original principal amount thEreof, except that in no c\'"nt shall t}le ;a!justed
premium exceed the aggregate amount of premium charges which would have bl'en p:.yable if thl' mort-
gage had continued to .>e insured until maturity; such payment to be applied by the mortgag'l'e upon its
obligation to the Federal Housing Commissioner on account of mortgage insurance.
2, That, in order more fully to protect the security of this mortgage, the mortR"agor, tOR"ethe!' with,
and in addition to, the monthly payments under the terms of the note spcured lwn'by, on the first day of
each month until the said 1I0te is fully paid, will pay to the mortgagee the following- slims:
(a) If this mortgage and t.he said note secured hereby are insured under the \H'o\'isions of the
National Housing Act and so long as they continue to be so insured, one-twelfth (II ~) of t he annual
mortgage insurance premium for the purpose of putting the mortgaR"ce in funds.. with 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 amended. and Hegu-
lations thereunder; tht: mortgagee shall, on the termination of its olJligation to pay mortgage insur-
ance premIUms, credit to the aCCount of the mortgagor all payments made 1I1l(1l'r the prO\'isions of this
subsection which the mc.rtgagee has not become obligated to pay to the Feueral llouslllg CUI1Imis-
~lOner.
(b) A sum equal to the ground n'nts. if any, next due, plus the pr('miul11s that will n,'xt become
due and payable on policies of fire and other hazard insurance covering till' ll1ort~aged propl'r! y, plus
taxes and assessments next due on the mortgaged property (all as estimated by the nlOrtgagt't') le,;s
all sums already paid therefor divided by the number of Il.unths to clapsI' before (J11l' month prior
to the date when such ground rents, premiums, t:1xes, and assei\sments will bec(ln1l' delinqtll'nt, such
sums to be held by mortgagee in trust to pay said ground rents, premiums, taxes, and special assess-
ments,
(c) All payments mentioned in the two prece..iing subsections of this paragraph ant! all pay-
ments to be made und~r the note secured hereby shall l>e added together and the aggrt'g'atp amount
thereof shall he paid by the mortgagor each month in a single payment to be applied by the mort-
gagee to the following items in the order set forth:
I. prem.iu~ charges under the contract of insurance with the Federal Housing Com-
missIOner; ......
ll. ground rents, taxes, aBSessments, tire, arid other hazard insurance premiums:
III, interest on the note secured hereby; and
IV. c.mortization of the principal of said no.!.e.
Any de1k;iencY,in the amount of such aggregate monthly payment shall, unless made good by the
mortgagor prIOr to ~he due date of the next such parment, constJtute an ('\'ent of default UIH!er this mort-
gage. The m;jrtJcagee may collect a "late charge' not to exceed two cents (2\') for each-<Ioll:',r ($1) of
each payment more than 'fifteen (16) days in arrears to cover the extra expens~ invelved in handiing
delinquent PAymentA.
3. That if the total of the payments made by the mortgagor under (b) of paragraph 2 precpd ing shall
exceed the amount l!f paymenta actually made by the mortgaiee, 'for ground rents, taxes and a.'1s('ssments
and inaurance premlUffi.8, a8 the cue !nay be, Bueh eXCeJki shat! be credited by the mortgagee on subsequent
?&YDlenta to be made by the mortPlOr, If, however, the monthly payments made by the mortgagor
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