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2Cf1, of the original principal ircluding obligatory payments may be paid in an.v one
loan year R'ithout charge. This privilege i5 non-cuDlnlative. The loan may be,paid
~ in full during thu first three years R'i th a prepayment charge of 3% of the orHdnal
~ principal amount, 2% prepayment charge if paid during the fourth throuph seventh
year, 1% prepayment charge if paid eightt, throuJZ:h the tenth jear and at Par there-
after.
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l're"'IIIIlH'n:. l"ote,I, :llId 1l01ln' :In' hndl~ wail,,'d"
/ s/ Warren E.
- Wiu-ren~ E.
Pe rd ew
Pe ra eW-
(Seal)
(Seal)
/e/ CQlene Y. Perdew
Colene Y. Perdew
(Seal)
( Seal)
\ SLIt'" ot Floli,la dO'"'lllll"IlLI1 \ ,1.'\111" III Illl :l1ll1l1l11t "''1"11".1 h\ h\1 :Ill' :ltti",j III tht' ori~illal 01 th,' tlll"Knill\(
110tt' ;!IJd l.lIh;:~It"d PUI"l\1.1I1t tll 1.1\\-.)
:\1111 "h;"1 dill<, plllmplh ,\11<1 tlllh I','r lorrll, dhl'harj(", n,'", Iltl', l'1tt-d, lOIlII'Il'I,' ;lId compl~ wilh :1\1,1 ahi,!" I"
(",1\1, ,11111 n,'I\ Ih,' 'liI)lIlatllllh, :l~l""Il11'\1I, ,'oll.\iIHlIh a\1.1 lO\nLlilh "t "Ii,! I'r"ml"O!\ 1111[(' all,l of thi, I1lllll:':,1~I', Ihcll
Ihi, 1l11111~:l~C :1\1,1 thl' ..,tat, Ill'reh\ lle;,I..,\ ,h;"1 '"":1'" alld llt' II 11 II ;\11>\ ,,"id.
:\\1,\ Ihl' \lort~a~III l"tJ\"lIa\1t- ;Ilhl :'l~I''''' III ;llld wilh Ih.. \IIIrt~;l!:::I'l' a' follow,:
l. 'I'" P;I\ Ihl' prlll'lp:" :lIld illln,"t a\1d Ih.. lallllll' :l11<1'lIl1dn '"ll" oj 1l1OIll'I I'a':lhk, h~ \iItul' 01 ,.Ii,\proml"
'"01 I Ilul,' amI Ihi, !\111rtga:.:,' ploJl>plh' Oil Iht' ,\:lb Ih.. ,;U\1e hl'CIIllll' due :1Il'! \Iortgagor w,1l proml'll<" perform alHI
lOI\1I'I~ wilh eadl alld ,.\'t'n olhn l'o\"enanl all,1 a~II'l'nll'1l1 ill ',Ii,: P[Olllh,O[ ~ Ilote and mortgage.
2. 'r" I'a\ tlH' t:t"'" a",'''ln''III'. In"",, li:lhilili.." ohlig:lril'II' an.\ illl'lIl11t>ra,nl'l" oi ('\1'[\ nalllr(' alld \;;ind 110\\
till ',li,1 ,1""'111>('11 P[op"llj, or Ih:l! 1ll'I..attn 11101\ t>" illll""I"1. "iltcfl"1. pl:IlTd, !t'\'I1'l1 tlr a"(''''''\ tlll'II'IIn, 01 Ihat l":le
:tttt'! Illa\ b.. In 1t".1 01 ;""''''',1 lIpOll Ihi, 1l10l t~:I;':" 01 Ih.. in'\I'h:I',ln,'" "'''lIl1'.\ hnl'hl", whl'lI dul' alld p:,,:\hl.- al"I"Or.llll~
ItI \all, b.-ior,' t!ln bl'l'oILl' ,klllltl'lt'lI1. alld t>d"rl' all\ inlefl"1 atl:ll"hr, or an\ penall\ i, il1l:llrrt'd, al"l" 1Il",tar a, am
Ihl'I,'or :", oi re,'or.\ tilt' ;;am,' ,hall hI' prtllllpth ,;,ti,ti.,,1 ;I:ltl di,,"hargl'd tll 1"l'lHd :lIltl tht' oflglll;i\ ottlual d')l"lIlllt'lI!
n idl'lIulIg 'lIch 'ali,t:ld\lln alll\ dl,,,hargl' ,hall bl' pLrt"l"\ ill Ihe h;lllds I>t "lid \ Inrt~:lg..(' \\'Itlllll tt'1l da\, llt'xt a:l~r
1':1' llll'nl. 'rht' l'O\l'nal.l, an,l agrn'llll'nh ill thi, p:lr:l~raph ,hall 1101 he apphcahlr to, the ta'\", al\l\ assr"nlcnh wlnd,
art' to hI' p;ll,l till I 01 rill' 11I1Id, dq""il('11 wilh Ihl' \I"rtgagl'(, 1I111t''' hrf('maller ,,'t Imlh,
,~. '1'0 kl'l'p thl' imprtl\ ('I 11..11 h 11011' ,.,i,llllg 01 1":1l':litl'l ""'d".1 011 thl' mortg;'l,.:t'd prol'l'rt~: ill'lIrc,1 a~:lill't 10" t>\
till' all'\ oth,'r ha/:lrd" 1''''lIalt"" alld UlIltlll;.:,'Ill""", illrllltlillg \Llr damage whelH'\"l'r rt'qulre,\ h\ lhl', \llli ;;';;Ig,~e"
in '''I'h :,rllll"lllS all'\ till "H'h pI'lio,\, a, ma\ b.. 11"I':il"'\ hI \Iolt;..:!;:"... :\11 inSIlLlnl" sh:lll Iw r:llfied 111 l"nlnp:1I11"
:lPPfII\ l'.1 h\ :\ !ongag,'" :111.1 till' polil'i,', an,1 f("H'wal, thn..oi ,hall b.. h..ld h\ :\ lortgagl'e al1,1 have :llladll"d th('lelo
SLIIl<\:If.\ mill t~a~''t' "-\:1,,,," III 1.""1 ot :lIltl III tornl 3ll'l'pl.1hll' to thr \I,'rtgag'.... In ('\I'nl of 10" \Iortg:lgor \\".11
"i',1' illllllrdial" [\IlIlll' h\ m,.d III \IIlII;.::t;..:,.... :lnd \Inrtgag,'t' may m:lK.. prooi of 10" it not m;..I.. prOl11pl1< hI
\lo,:;::t;:III, all,\ (":I,"h 11I"",Il""" "Olr'I';U1I lOrH"IIH,.1 i" hrreh\ :luthori/,e,1 an,l tlirectt',1 10 male 1':1\1111'111 ior "Idl III'"
,l,lt'.lh 10 \IIIlt~,::':(T i'h!l':I'\ ot !" \IIII!;"::lgtlr an,\ \lort;':,:;':'T !Oilltl\, and thl' i'hUrarHt' prnn'nb, or al;\' part tlll'll'
oj, n';I\' hI' :q)pILl'l1 b~ \1'Jlt~"h"" :It it, oplilln ('ilhn 10 Ih.. 1l',ludioll ot Ihl' in,ll'hl".llll'" hnl"lw ,,'curl"! 1JI 10 tlH'
1':,t"r..llOl! "I lep..il 01 tit.. 1""1"'11\ .bl"l";":".I. III ('\ClII oi j"a,,'lo,url' 01 thi" mortga~.. or otht'r trall,jl'l 01 titlt- to
till' llIllI I~;;gl',l P'OI"'lt', III 1"11I1:':'li,hIlll'1I1 01 Ihc ill.l..hll',llll'" ""l'lIfl"! hnt'hy, :lll righI, litl,. ar,,1 11I1erl',1 oi rlw \I",t
:':..:':"1' ill :111,1 to "11\ ill,,,r:ll"'" 1'"1""1(" Ih"1I in lllrl'l~ ,hall P:bS 10 thl" purcha~er lJ~ gr:llltl"e,
-to '1'0 l"'lnlll, l""'lllnl!, III ,,,Ill'1 111I \\";1,1". Il11pairmellt or dl'll"rioratioll oi sai.l plopnt~ 'J! :lll\ p..rt Ih..l...'t. In
rhe ('\l'1I1 oj tIll' Llilllll' oj thl' \lllllgag..r to ll'''p Iht' huil.lings on ,ai,! prl'mi"l"s alh\ Iho,t' to ht' n..dl',l on ",i,l pl('llli,,',"
01 ifllpr'" "[Ill"Ilh Ihnl""I. ill goo,l ll'pair, th.. \IOltgaj::el' m:lj maKt' ,u.-h repai" ;1> in hi, .Ii,,'ll'lioll hI' Ill,l\ .II','m
Ill'lT,,:ll\' lor till' 111111""1 pre,""ILIIIOn thn",,1 arhl the tull amount 01 t';rch :ll"\ C\nj su.-h paym:-nl ,ktll he 1I1111H'.li:llc\l
.1,1:' :iIl.l p:l\:lhk" :In.l ,h;tll !'(' ,,'ulll".1 I,," Ihl' lil'n of Ihi" mort~age,
~. '1'0 P;'j all an.l ,ingular Ihl' C(hl,. rhar~r' a[HI t'xpens.." iIJduding reasonahle atlornl'Y" It-o. co,t 01 ab,tl.l' r-
ot title all.l titl(' ,('ar.-hl" inl'urre.l or pai.1 al allY timc hy the :\Iortgagee becausr 01 the failure on the part 01 tIll" \Iorr"
;':;t;.:"r promptly alld iulll' 10 perio[lll the agre("mrnh aild covt'nants ot said nolI' aild this mortgage, :lilt! ",i,\ u"h,
charj::es a Ill! ("\Pt'Il'C' shall be immt'diatl'ly .llle a[H! payahlt' and shall he secured by thr Jim of this mortgage. and ,",'h
l'xprlldilurt's sh:lll draw i!1lere,t at tr.e rale oi ("iKht per centum per annum,
/;. That (a) in the r\mt ot any breach ot this mortgage Jr default on the pMt ot the :\Iorrgagor, or (b) in
thl' t"lTllt 01 said sums ot mont')' hnein refrrrell to be not promptly and fully paid without demand or nOlice, or (r) 111
Ihe ('\"(,lIt the slipulations, agrc':l11e:H;;, conditions and covellants of said note and this mortgage arr not duly, promptll,
and fully performed, then in eithrr or any su.-h ClTnt, the ~id aggregate ,Ulll menlionrd in said not(" then remaining
unpaid, with iiltrre;,t accrued to that tillle, :lnd all money;; ~cureJ hereby, shall become l!ur allll payab!e forthll,lth,
or thereaiter, :It the option of said ~lortgagee, as fully anti complrtdy as if all of the ~i,! sums 01 money \\('[e
originally stipulaled to be paid on such day, anything in ;;aid note or in this mortgage to the contrary notwi,hstandlllg;
:lIHI thl'rl'upon or, thef<':ljler, at th,' cption of said ~lorq;agee, wit;IOUt lIotict' or demand. suit at law or in e1lllity" l1Iay
he PIO'l'Cllled as it all mOlleys secure.1 hereby had matured prior to its imtitution.
7. The ~lortgagl'l' may, at anjtitnl" while a suit is pendill~ to forrdosr or to rrform this lllortKage, or to enfor,l'
:lll\' {'him, :lTisinJ.: hl'fl"undl'l, apply to thr court having juriwiction thereof for the appointtnl'llt ot a receiver, ar,,1
,"eh {'ourt ~hall tortlm';lh appoint 1. receiver of the premi~s and all othrr property covered hereby, illdudill~ all ami
;;in~ular thl" ineoIl1t', profits, rents. i!>surs and te,'enues from wh:ltever sourcr drrived, alld such rrceiHr shall 113\"e all
thl' bro:ld and l'ffecti\(~ functions and powers in anywise entrustrd by a court to ~ rec~i\"er, and .ueh appointl1lent ,hall
hI" m:l,le hy ;;lIrh eou,rt as an admitted equity ann a matter of ab50lute right to !'aid ~lortgaRee. an,! without rrtcrenle
to the a,ll'quacy or madcquacy ot the value of the property mortgaged or to the 50lvency or insoh'eney of !H1id ~Iort.
gat:or or the "ld~Il,lallts, all'! suen incotnr, profits, rents, iS5Ues anJ re\'rnues shall be app!led by such receiver acco[dlll~
to the !lrn 01 thIS mortli!:age and the pra\..ice of slIch court"
H. ThC' ~ lorql;agor will give il11mediat~ notice by mail to the MortgaiCC of any conveyanct', tr.nafer or change
of ownl'Tship of the premi~5 or any pr~rty ~ered hereby.