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Foa V,u.u. ~""lho uodonlped pn>m>.<(i! to _10 J~~ 8 u 4HU
MOQAUQiAj KOB!GA.GB OCISPAJT r :lIO. . <;T. tUC! COUNTY,' fLA.
, a corporation orpnlMd aad exta.... ......
thelaWlaf State of.lor1da. ,Ol'ordIIr,th.PI'in"JpallMllL:of ttnln
!houaa4'6A4 ooAOO- - - - - - - - - nou.n ('12 000.00 ), with in...- from
dAteatth.~afr!"Ie &. three tour\~ })tr eentam (. 5 .",,~) peraADlJat.90 t!teWlJl'ldcl
bN&nce unW prof"-' ,.,.. Aid priod.-l aDd inteN, ~ ~ be payabLl Co, tM omc. of .'
, . . " *,cA.ualWf llaa~GJ.QB CCMPdl'. no. '
in Coral o..blee, ?lor1da. ,ocatllUdl/l otMrpJaceuthehoWw1U7.....~ia
wrltina', m moI1thl7 tu.taDmeata of .eTeJl'7 &ItA oe 00- - - - DoUan ($" '0. OS ).
commencinC on the ftrat dq of JlUle. , 18 61 , and 00 th~ ftnt day of each month u....
at.ter until the P1~pal aod 1D~ are tulJy paid, -MPt. that the ftDal payment of the entire lDclebteclDeu
evidenced hereb" if DOt IlOQIlW paid, ahall ~ ~ ~~~~ on the Ant da7 of IIq , 18 91.
If default be made in the ~ent of ~ installment wid~ th~ n?te\ and if such default is not made
rood prior to the due date of the next such Installment. the entire pnOClpa. sum and accrued interest aha1l
at once beeome due and payable without notice at the option of the holder of this note. Fal1ure to ex~rc~
thia option ahal1 not constitute a waiver of the ri8M to exercise the same in the event of any subsequent
defaull In the event of default in the payment of this note, and if the same is ll~ted by an attorney
at law, the yndeniped hereby agree(s) to pay t.d.1 coati of collectbn . elu,i.a nable attorney's fee.
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Presentment, protest, and notice are hereby waived.
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And shall duly, promptly, and fully perfonn, discharge, execute, effect, complete, and C'.>mply with and
abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note
and of 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 reserved to pay the
debt in whole, or in an amount equal to one or more monthly 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 8uch privilege is given at least thirty (30) da)'g prior to prepayment; and, provided
further, that in the event the debt is paid in fu!! 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 adjusteJ premium charge of
one per centum (1 <<ic) of the original principal amount thereof, except that in no event shall the adjusted
premium exceed the aggregate amount of premium charges 'Vhich would have been payable if the mort-
Irage had continued to be 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 security of this mortgage, the mortgagor, together with,
and in addition to, the monthly payments under the tenns 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 murtgage and the said note secured hereby arc insured under the provisions of the
National Housing Act and so long as they continue to be so insurea, one-twdfth nl2,,) of the annual
mortgage insurance premium 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 amended, and Regu-
lations thereunder; the mortgagee shall, on the termination of its obligation to pay 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 ~we obligated to pay to the Federal Housing Commis-
sIOner.
(b) A !Ium equal to the ground rents, if any, ne~t due, plus the premiums that will next become
due ~~~d payable on policies of fire and other hazard insurance covering the mortgaged property, plus
taxes and assessments next due on the mortgaged property (all as estimated by the mortgagee) less
all sums already paid therefor divided by the number of munths to elapse before one month prior
to the date when such ground rents, premiums, taxes, and assessments will be<:ome delinquent, 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 preceding subsections of this paragraph and all pay-
ment3 tv be m&de under the note secured hereby shall be added together and the aggregate amount
thf>reof shall he paid by the mortgagor each month in a single payment to be applied by the mort-
gagee to the !o!lowing items in the order set forth:
I, premium charges under t.he contract of insurance with the Federal Housing Com-
mwioner;
n. ground renta, taXe8, u&eMmenta, fire, and other hazard insurance pre:niums;
Ill. intereat on the note secured hereby; and
IV. amortizatk>n of tbe principal of said note.
Any deficiency in the amount of such aggregate monthly payment shall, unh:ss made good by t.he
mortgagor prior to the due date of the next such pa~ent, constitute an event of default under this mort-
gage. Tha mortgagee may collect a "late charge' not to exceed two cents (~) for each dollar ($1) of
er.ch payment more tilan fiftP.en (16) days in arrears to cover the extra expense involved in handling
delinquent paymenta.
3, That if tile total of tile payments made by the mortgagor under (b) of paragraph 2 prec-eding shall
exceed the amount of payments actually made by the nlcrtgagee, for ground rents, taxes and &S8eMments
and inlurance premiuma, &8 the case may be, such <.!XCe88 .hall be credited by the mortgagee on subsequent
payment. to be made by the mortiagor, If, however, the monthly payments mad~ by the mortgagor