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ST..lUC1E COUNtY. FIA.
Fos Vw1.us Rs®v>~ the undsrsiiued p`°omise(s) t+o J~1y to
Bogl,ey~ gaming 6 Hip~t~ Inc. and ~~~ under
, a corporation organised
the laws of Maryland , or order. the prlndpal sum of Fourteen Thouss~nd
-------pollara (i 990000~Q0 ). with
Nine Hundred and No~100----------- -------'-- per oentum t 5-l~k `X') ~
interest from date at the rate of Five axed one-quarter able ~ the office of
annum on the unpaid balance until geld. The asid principal and interest shall be Pay
>~6~eY, Harting & Hight Inc. ~ P.O. Box 713 • or at such other P>~ ~ the
in geiu (3a111e, Florids
holder may designate in wtiting~ is monthb- installnnents of Ei.gkity Trio and 1+0100 • 18 62 . and
Dollars (_ ~.~ ). ~ on the first day of February _
on the first dar of each month thereafter nastily ~ nok sooner pi-id. shall b4 ddue and ppayable~ final
payment of the entire indebtedness e+id'eaiO°a
first day of December ,18 91 .
If default be made in the pgmeat of asy installment under this note sa~iiand a~ocrued interest shaII
=cod prior to the due date of the abxt such installment, the entire principa~
at once become due sad py-a~e without notice atnt~hhe option of the holder of this note. Failure to exercise
this option shall ~vetnt ofrdefault in the pa~Yment of this oe~and ifs the same~ia 8 lected by an a~~ey
default. In the a includint.a reasonable attorney's fee.
at Lw. the undersiS~ned hereby stns (a) to PaY all poets of collection.
PresentAnent, protest., and notice are hereby waived. -
~s~ Robert G. Norris-
~o orris
~s~ Patricia L. Norris __
r c a orris
And rhall duly. prom_p~7. ~ ~~ ~~On°' ~~~• execute, effect, complete, and comply with and
abide by each and every tha atipulatianr, agreements. conditions, and covenants of said promissory note
and of this mortgage, then this mortgate and the estate hereby created shall cea8e and be null and void.
And the morttagor further ooveaanta as follows
1. That he will pay the indebtedness. as hereinbefore provid ~~ ~ t pi'~dP~ ,~~~ ~ due
debt in whole, or in as amount ~l~ ~ one or more monthly paym
on the note, on the first day of any month prior to maturity : Provided, however, that wntten notice of an
riot to prepayment; snd, provided
intention to ezercire such privilete is g~v ~ f ~ o~~ ~t~~a~ at that time it is insured under
further, that in the event the debt is Paid an adjusted premium charge of
the provisions of the National Housing Act. he will pay to the mortgagee
one Per centum (196) of the original Principal a:.lount thereof. except that in no event shall the adjusted
remium exceed the aggr~gste amount of premium charter which would have been Payable if the ao
gage had continued to beinaured until maturity : such payment to be applied by the mortgagee po
obhgation to the Federal Housing Commieaioner on account of mortgage ~ ~ rt~or~ ~~er with.
2. That, in order pwre fully to Protect tho security of this ~t-ortgage.
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 fa11Y Feld. will Pay to the mortgagee the tollowin8 sums:
(a) If this mart8a8e and the said note secured hereby are insured under the proviaiora of the
National Housing Act and so long as they continue to be so insured. one-twelfth (~) of the annual
msurance prrounm for the of putting them is funds ant which to dir-
mortgage ' over for wort insurance
charge the said mo ~tf~at!ee'r~ Federal Housing ~ am~and Itegn-
f~o the of the National Housing Act. mortgage inaur-
k~tiona the~d~er: the mortgagee °~on the termination of its obligation to PaY _
ante premiums, ~t to~~~ ha not ebeooaye r ~ ~ p~1Y to the FedaraleHousing ass oCommis-
subaectaon which
sioner.
(b) A sum equal to tha teats. it'anY. nest due, P1ns the premiums that will next e
due and payable on pdicies of he+e ind other b~azard insurance cov~g >bs mortgaged Propert3'. Plus
taxes and assessments nest due on the mortgaged proP~y (all ar estimated by the mortgagee) lP,aa
au sums already Paid therefor dividedp~beymt~h~a~~• ~ ~~ ~ b~eooorome deelinqu n , sucohr
to the date when such ~~ in brnst to PsY said trod recta, premiums. taxes, and special asseas-
sumr to be held by mo
meats. aubsec:tions of this paragraph ~ ~umon~int
(e) ~ is mentioned ~ the two preceding ~ega
meats ~ ~ n~under ~ note aewred hernby shall be added together and th~PQ~~ b the mort-
thereo! shaD be paid bf the mostRato~ each month in a dmgls pa~meat to be y
=ages to tho loDowitit items is ~ a'~ set forth:
z preminef dfatgea under the eoatract of i`+uwranos with the !'ederal Housing C~oai-
~ nniarioner;
II. sroand rants, farces, araea~ane'ntr, lMe. sad other haurd insurance premiums;
m. interact oa the nebe secured hereby'. ~ _
n- amortis+d~- a[ ibe >>~ °~ sstd ~~ .
yv de!{deetcy in the ~~ ~ ~ monthb- t ~+ unless made good by the
to the due datA k ao~ event of default wader this morn
nx-r m~orts~ odMat • ~1atr ` - got ~ two ceab '(8/) = i~t dollar (ii of
mom t6aa (1d~ ~ in at~sars -.to ~1~ Asa eacpeare ~
del3ngnent pet ~ at the ~!T~'~ ,p„ amber tb) of paragraph $ P~ •}~au
steed the amount of payn~enis +~'$~ ~~~~ ~ recta. tries and assenmeats
..
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