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J'oa V.u.ua bcavID, the UDderaJped prombe(l) 10"'" to
80UTHtiS'1'E.RN MORTGAGE OOMPANJ' ,
, a eorporatIoa oriuUsecJ ADd alaUq WIder
tMJaWlat the 8tate of Florlda ,0000order,theJlriJld~IUlDof Nine thousund
and NO/100 0' ',. DoDan (, 9.000.00 ), with Interelt from
date at the rate of Flve a. three-Quar1;.~", eatum ( .s-)/~) per annum on theunpald
:.ala~ antU paid. The aaid pdndpal aDd-inter.t ahaIl be ~ at the omce of
8outhea.tern Kortiage O~P&n1r 1340 Ve.t rlagler 8treet,
In Hi aml , Florlda , 01" M ncll other pIaee .. the holder may desJpate In
writiDc. in monthl7luta11menta of J'ltt:r-two and 56/100 Dollara (I 52.56 ),
c:ommmcmc OIl the flnt day of .luaus t. .1961 , ud OIl the ftrat day of MCh DlOIlth ther6-
after until the prfzldpe1 and interest are fu1I7 pUd. ~ that the ftu! PAYment of the entire fndebtedneu
evidenced hereb7, If DOt lOGDeI' paid, ahaU be due and pqabIe on the tint day of July . IfJl .
If default be made in the P&)'IDent of any fnataI1ment auder thfs note and If IUch default fa not made
Iood prior to the due date of the next I~ matallment, the entire pri~iiil.um and accrued interest ahal1
at 0DC8 hAcome due and payable without notice at the optloll of the hoJd8r of thia note. Failure to exercile
thia option ahaI1 not eouatitut.. a waiver of the ria'ht to eurclae the lame in the event of any lubeequent
default. In the event of default in the payment ol thla note and If the Ameia collected by an attorney
at Jaw. the Ullderaiped hereby qree(l) to pay all COIta of coilc;tion. includiq a rel.l^ft-ble attorneY'1 fee.
Frelentment, proteat, aDd DOtlce aN' hereby waived.
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($9.00 State Dooumentary Stamps
affixed to origlnal note and
oancelled.)
'.
II hYDe8 H. ~~e!l_<<!.t..J~"=:.__J~~~.~J..
James H. Reese, Jr.
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And ahall duly, promptly, and fully perfonn, d.iacharge, execute, effect, complete, and comply with aDd
~ide by each and e~ery the-ltipulationa, agreements, conditiona, and covenants of said promi8aory note
and of this mortpp. then thia mortpp and the estate hereby created aha11 cease and be null and void.
And the mortPaor further eovenanta &I follows:
1. That he will pay the indebtedneu. .. hereinbefore provided. Privilep fa reeerved to pay the
debt in whole, or in an amount equal to one or more IDonthI7 paymenta OIl the princlpal that are next due
on the Dote, on the fint day of any month prior to maturity: Provided, however, that written notice of an
intention to exerclae IUch privilege fa aiVtm at lea6t Urlrt7 (80) ck)'8 prior to prepayment; and, provided
further. that in the event the debt fa paid in full prior to maturity and at that time it .. inaured under
the proviaioDl of the National Housing Act, he will pay to the mortppe an adjusted Premium charp of
one per centum (1 %) of the original principal amount thereof, except that in no event shall the adjusted
premium exceed the anreaate amount of premium chargea which would have been payable it the mort-
,. had continued to be inanred until maturity; neb. payment to be applied by the mortpgee upon ita
obliption to the Federal Houalnc Commiuioller on aeeount of mort...... fnauraDee.
2. 'n1a~t fD order more fully to protect tho security of thia mortraae, the mortpgor. topther with.
and in addition to, the monthly payment. under the terma of the note IeCUI'ed hereby, on the 1lrat day of
each month UDtil the Mid DOte it' fully PAid, will pay to the mortppe the foliowin&' IUDUI:
(II) If thia J:DOrtcIa'e and the aaid DOte I8CU!'8d hereby are iDnnd under the provJaloDl of the
National H~ Act and 10 Ioua'.. they continue to be 10 fnaured, ooe-twe1fth (%~) of the annual
mortpp inaurance premium for the purpoee ofpu~ the mort...,. in funda Wfth which tQ dia-
e: the Aid mortaqee'. oblfption to the Federal Houaing ~mmiufoner for mort~ge ina1ll'8DC8
ums pursuant to the applicable pl"Oviaiona of"the NatfolW ~ Act, &I amenaed, and Reeu-
tiODl thereunder; the mortPi'" ahal1. on the termination of ita "bligation to pay mort~ insur_
ance premiUJDlp eredit to the IICCOUDt nf the ~r all paymenta made UDder th~provia1ona of thia
aubMction which the mort.paee baa Dot hecome Obllpted to pay to ths F~ Houaina CoIDJDia..
aioner.
(b) A IUJD equal to the Il"OUDd rent., If~. next due, pIa the PremltuU that will next become
due aDd payable on policf81 of ftre and other h&IArd blaurance eoveriD.c the morippd property plua
taxes and "'--ents next due on the mortppd ~t.Y (all.. eatfmated by the mortpgee) leu
aIll1DD8 aIread7 paid therefor divided by the n of montha to elapse before ODe month prior
to the date when auch pound rents, premiuma; taxes, and "'-ml1mta will beoome delinquent, IUch
IUJDa to be held by mortppe ba truat topq laid P'OUDd l'eD~ prem.iuma, taxea, and .peciai aueu.-
JD8Ilta.
(0) A sum equal to one-tweltth of onHWf ('f ODe per centum of the amount of the principal then
remaiDina unpaid under Mid note .. a MrVfce eharp, to co. ver the expenae of handlina the monthly
paymenta on aecount of ~, &"aeUIDenta, and ftr8 and other hazard Insurance .. provided for
herein, and the other aervicina COIta in connection with thia mol'tpp and the note IeC1U'ed aereby.
(d) AD payments mentioned In the p~ aubeectiona of thia parqraph and all payment. to
be made under the note IeCUJ'ed hereby IhaD be added totether and the 1arept8 amount thereof
IbaJl be paid MCh IIIOnth in . aiqIe PQID8Ilt to be applled by the III01'teaIii to the follo1rfq item.
iD the Older Nt forth: .
(I) premium clIaJo.- under CODtnct at iuuruce with the Federal HotlIJDaCnmm1woner;
(n) P'OUDd renia, tax., .pedal.., lmGta, Are and other huard W1D'al1Ce pnmUtuU;
(m) III'Viee charp .. let fortt, above;
(lY)baterelt OD the DOte MCm'ed hereby; and
(y) ~u. of tile priDcipal of aa1d DOte.
AnT deftcl6Dq in the -amouat of tach, aare&'L+.e moathJy r-YlD8Dt IIhaD, 1mIeu made Iood by the
IDOItIruor prior to the due date of the aut ~ P!f.1IDent, c:oIU5U+ute U event of default ader thit mort.
.....- The mortppe mq eoIbct. -)ate CbaI'p"' DOt ~ exceed two c:enta(24) for Ndl dollar (fl) of
e.dl ~ mon thu. ftfteen (16) da,p in U1"tArI to cover the atra expeue involved in UDdlfDa
cIeUnquftt pa~
a. That If the total of the pa"meata JUde !! the DI01'tcaIvr UDder (b) of paqraph 2 precediq abaU
..... the ~t of PlllMDta -,,"ally:Dade aq tho ~ for IIOtmd renta, tau. ADd "'--1JMIlta
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