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!loa V ALU8 ~ tM UDdenJped promJM(l) to,.,..
HCQAOOHAN ,MOB'lGAGi COtlPANX, INC.
t a eorporatlon orpnbecl and ailt.tq UD4er
the taWl of ~t-'. o( PloriCl.a ," 0I'der, th. pri>>ci~'WD of tiPt
!b.ouau4 ~e4 _ 00/100- - - DoDara (",100.00 ), With lnteJ'elt from
date ~ Uae me of Fl.... " Throe POUl''th pIr. OlD, tom ( .5 )74 ~) P8.,- ClIl the onpakl
b&I&Me maW paW. 'IM..w ~ aM __.1UIl be IIQaWI at ~ ot5oI of
RCCAtJOHAJi MOI'lOAGB ,COMPAft, INC.
ta Coral oable. Florida , . ,~.......~..thellolderm&J'duipaiem
~, nl'motlW1Utiumaita or~ev--.ft.. .. "/100- - .. DoD&rs (t 4'.,., ),
eoalmendDc on the fIrIt dq of I~J't_U' .1gel.'. OD. the Ant _of each mGIlth there-
after uti! the priDctpU and interest.... fb.U7 paW. _~ that the toW payment of the entire lD4ebtedneea
m.~ ll1nb1. if DOt.... paid.1haJl be dM and paiabIe (ill the Ant dq of Aaau't , 18 '1.
If defAWt' be made in the Pltment of ~ lutIDment a<ler th!M ~ and tt neb. default ia not made
Iood Pfiot' to the doe date of the next sudl inBta\Jlueat the entire ~ aum and accruEd interest shall
at 0I1C8 become doe and payable, ',. without I10tke ,af~ o>>tIoD of. tIvJ 'hOldeF of, this note. FaIlure, to exerclae
tbia 0Jl~ ahaII DOt ~titut.a a 1If'8fvv of the rfJdlt to &UrdH ~ ~ ~ the event of ~ ~ent
detault. ~ tht event, ot,detault In, the p&1tQeI1t, Of,.t thia_~, . r ~ and, (' fj1t ~ ~e 11 colleeted b1 Nl 3tWme,'
a~ law, the ~ ~,....(.) to PIir aIJ~ta Of~, incl.u_. ~ble attorDey'a1ee.
Plwent:m.t, ....... ud DOtIoa 1ft HrebJ"~
~ D1.~.,,;,. __.___________
.' a..' ~. .. j . ~ .. ." "'0 ". .
,~"..~~'" ~U----.--------:...
I
w........______..____...............___.._________
-_.._-_..._----------------_.._-------------...._.....~-
And shall d~, promptly, and tully perform, dflcharp, execute, effect, complete, and comply with and
fthlde by each and eveI'f the- atipulatjoDa, apeementl, conditlona, and eovenanta of aaJd promissory note
8Dd of thfa D101'tpp, then this mort.pp aDd the.tate J1.-, Created ahall eeue and be null and void.
And the IDOI'tpaw farther coveunt. .. foBo...:
1. That he will pay the indebtednesa, .. hereinbefore provided. Prtvf1ete Ie reserved to pay the
debt in whole, or in aD amount eqaalto one or more monthly pe.ymenta 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 exerclle neb privilep ia given at 1eut thirty (80) ~ prior to pn~t; and, provided
further, that in the event the debt ia paid in full pr1CJ1' to maturity and at that time it :.a inaure<l under
the proviAiona of the National Houalng Act, he will pi' to tbe ~ an adjUlted ~Ium charp of
ODe per centum (1 ~) of the orlliul Principal amount thereof, exeept that fn no event I1W1 the adj1iJted
premium exeMd the ..~epte uiouDt 01 3Jremium c1wps which. Would have been payable If the mort.-
,. had CODthuNd to be hwured uatiJ., mMUritJ;" ~t to be &WHed by the mortp.gee upon ita
obllption to the Federal HouaiDa; C~~tr on MCOUllt of mcnlpp inauraDce.
2. That. 1D order more ~ to protect th", ~q of thia D101'tpp, the mortPaQr, topther with.
, and in addition to, tAa JIWft~~ pa~ta under th. te1'IDI of the note Meuncl heNby, CD the ftNt da7 at.
MCh month until the laid DOte 11 ruu, paid. will p&7to the mortppe the followina' IUIDI:
(ta) If thia mort;e'ago and the aaid note aeeured hereby are tnnred under the provlaiona of the
NAtional Hollliq ~ md ao lonl' aa the, continue to be 10 fnaured, one-twelfth (%.11.) of the aDnual
mortpge insuranu premium for the purpose of putting the mortpgee in funds Wfth which to dia-
cba11te the a&id mort~1 obligation to the }i'ederal Housing Cominiuioner for mortgage insurance
JlNIIUumI pursuant fo lbe applicable proviI1oDa of the N atW.'lIi1 Houaina' Act, .. amended, and Rea1&-
I&tioD8 thereunder; the mortpgee ahAll. on the termi.Mtion of ita 00, liption, to pa7~mo inaur.
anee pnmiUJDil, endit to the aecount of the mort~r ~U paymenta made under tile of this
IUbeeetlon which the morrtpate,bu I:1Ot bw,tmo C)bl1pted to PM to-th, E~ ' Oom""ta.
Iioner. ' . " ' , .
(b) A sum equal to the gTOUd ~ta. il~, net due, plga the pnmimu that will next become
Que aDd payable on poUcies of fire a>>d Qtbw:, ,b&Iard., iDaU~, ,COvering, tutu m mortpa-ed property( plus
tau& and UM8It"enta nut due on thu ~ WOPerlY' (aU .. uthnated by the mortP&'t"'} leu
aJlauma already paid therefor ~ b1 tie iuutlIoi of' ~ to .1* belore one month prior
t3 the date wh_ such pound renta, piWu"'U1, tu:-. and 8&MUmllDta will become del1ntJuent, 8uch
IUlDa to ~ h6ld by ~ iD trust to per Jaid'~ rent., pmnJ.1J!U, taxes. aud apeC.iai u....
menta. -
(c) A awn equal tAl one-twelfth of oo&>half of one per eentum of the smount of the principal then
rem&ining unpaid under laid note u & service cMrxe, to etmJI' the expenae of handling the monthly
payni<:nu. on aooount of tax., . l\MeMm, tn.'\.t&, and ~ lUld other hazard i.!l8unnce Ii! p,rovided for
'herein, and tAt! other IMlrVidna:,.~ m. cormection lrith thia.~ and tM note MCured hereby.
(d) An ~nta mentioned ill the~,. 1\1 ~eDl of, ,t1iiII ~ph and an payments to
be 1!'lIl4W tmdir tM n'* 1tl(."Un!d 1~1' ed hlt 8dded~er and Uta aur.. a'm<M1t theroof
IhaU be paid _di month ill :It li~~ _.. ~.rbythe mo~ te tM foUowina ltem1
m th4t ol"'!er m f{\l'ib: ' .
ft) ptCkimn ~'~ct ~~ with thflFederalHouaingCommieAioner;
(U) pound nntB.....~ __~~ ~ and otMr huti'd inaurance prem!UlQIi
(m) ~('.ehupu.'~~.f"'. '. ,
(IV) inte:relt on thoi ~~'~;aWl'
(YJ ~on of, ,~. prinelJlll1 of f6ld f.\Ota.
mot .b:r"==/((-* "~~~-f~~~~~:
.....~ ~t a, , 10 ~ WCt _hi (24) fO!' .. ~ ('1) of
eadt ~,l.'C.Clft 1iWl (15) ,.,~{~,~ the Q;tn ,ul*iM involved in lwidlina
~ ptl~" " ,,> J " , " ;f;,,'.;,;,~d'
I. Th&t"tf the total of the ~tIil , ' ~~ (b) of plU',.gnph:& pnGeding.un
~"~ol~ adu~~l '~for ~d 1U~ ttlxe1 ii.ud ~u
'., '--""'';;;: "_1