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jo'OB VAI_UE RF.cF.IVED, the und~rsigned promise(s) to PRY to
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BCGu,'Y J ::AI-:TlnG :.: IlIGHT J DC.
, a corporation organized and existing under
t~e laws of Ha.ryland , or order, the princir-al sum of ?iftCC:l ~hO\'sc.;d
Seven Hundred & NO/100 - - - - - - - - - - - Dollars ($l);rV.J.:K) ), with interest from
date at the nteof Five & three-quarters per ceI,tum (')-3/1;. %) oer annum on the unpaid
balance until paid. The aald pri:1cipal and interest shall be payable at the office of
Begley J Hartinr: {: : :icht J Ine. J Box '(13
in Ee.u Gallic, Florida. ~, or at such other place as the holder may designate in
writing, in monthly in3ta1lments of ninety-eic;ht &: 91/100 - - - - - - Duilars ($)c.(.)1 ),
commenci~ on the t\rat day of r:ay , 1961 ,and on the first day of e<1('h month there-
after until the principal a..d interest are fully paid, except that the final payment of the entire indebtwne88
evidenced hereby, if not sooner paid, shall be due aI1d payable on the first day of ;:a.:'cil , 19:X:; .
If default be m9.de in the payment of any installment under this note, and if such default is not made
&,ood prior to the due date of the next such installment, the entire principal sum and accrued interest shall
at once become due and. payable without notice at the option of the holder of this note. Failure to exercise
this option shall not constitute a waiver of the right to exercise the same in the event of any subsequent
default. In the event of default in the paymeD\. of this note, and if the same is collected by an attorney
at l&w, the undersigned hereby agree(s) to pay all costa of collection, including. a reasonable attorney'E fee.
Preuntrnent, protest, and notice are hereby waived.
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And shall duly, promptly, and fully perfonn, Jischarge, execute, effect, ('<'mplete, and comply with and
ab:de by each and ev~ry the 8tipulations, agreements, conditions, and covenants of said promissory note
and cf this mortgage, then this mortgage and the estate hereby created shall cease and be null and void.
And the mortgagor further covenants as follows:
1. That he will pay the indebtedness, as hereinbefore provided. Privilege is . eserved to pay the
debt in whole, or in an amount equal to one or more montt-Iy payments on the principal that are next due
on the note, on the first day of any month prior to maturity: Provided, however, that written 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 insured 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 evp.nt shall the adju3ted
premium exceed the aggregate amount of premium charges which would have b€€n payable if the mort-
gage had continued to be insured until maturity; such payment to be spplied by the mortgagee u~)()n its
obligation to the Federal Housil!g Commissioner on account of mortgl1ge insurance.
2. That, in order more fully to protect the security of this mortgage, the mortgagor. together with,
and in addition to, the monthly payments under the terms of the note secured hereby, on the first day of
each month until the said note is fully paid, will pay to the mortgagee the following sums:
(a.) If this mortgage and the said note secured hereby are insured under the provisions of the
National Housing Act and so long as they continue to be so insured, one-twelfth (II ~) of the annual
mortgage insurance premiUJr for the purpose of putting the mortgagee 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 l1II1ended, and Regu-
lations thereunder; the mortgagee shall, on the tennination of its ohligation to pP,y mortgagE insur-
ance premIums, credit to the account of the mortgagor all payments made under the provisions of this
subsection which the mortgagee has not beccme obligated to pay to the Federal Housing Commis-
Eioner.
(b) A sum e\lual to the ground rents, if any, nen due, plus the premiums that will next become
due and payable on policiea of fire ar.d other hazard insurance covering the mortgaged property, plus
taxes and !lS8essmenU! next due on the mortgaged property (all as ~stimated by the mortgagee) less
all sums alnady paid therefor divided by the number of months to elapse before one month prior
to the date when such ground rents, premiums, taxes, and asse,asmcnts will became delinquent, such
sums to be held by mortgagee in tnIst to pay said ground rents, premiums, taxes, and special a5;sess-
menta.
(c) All payments mentioned in the two preceding subsections of this paragraph and all pay-
ments to be made under the note secured hereby shaH be added together and the aggregate amount
thereof shall be paid by the mortgagor each month in a 8ingJ~ payment to be applied by the mort-
gagee to the following item& in the order set forth:
L prem!u~ charges under the contract of inaurance with the Federal Housing Com-
mlUloner;
n. ground re-nts, tax~, &88e88menta, tire, and other hazard insurance premiums;
m. interest on the note secured hereby; and
IV. amortization of the }J!'incipsl o! said note.
Any detk;iency in the 8.lnount fl suc}-. aggregate monthly' payment shall, unless made good by the
mo~or pnor to the dua date of l.he next 8uch pa~('nt, con8tltute an event of default under this mort-
saae:- 'rh6 mo~ m&y collect a "!ate. c~arir~' not to exceed two Cf:ntB (2f) for each dollar ($1) of
eacl1 payment more than fifteen (16) days 10 &rret;U'8 to cover the extra expense involved in r.andling
delinqunt ptl;yme2lU-
8. ':"'h21t if the total of the paymel1ts nl9.<.ie by the mortPiro~ under (b)' of paragraph 2 preceding shall
a~ the &mount of payments actUally ~ by the morta8Pe, for ground rentJl, taxel! &<1d !l.88essmcnts
and lDaurance premiuma, u the cue may be; suCh exceas shall be credIted hy the mortgag".! on subsequent
~ to b$ INd. b)" the mo~r. If, however, the monthly payments made by the morti'~r
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