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rUIl v ALn~ Ity.\ ~IVM\ UIt' '-,mdf!f1HKil....l plVfnt$td It) to lJe.Y \.I)
AHS!UCAN 'I'i1'LE !fjnURA~:cE COM'PAlf!
. a corponUQfl ClrpniJ,f)o.1 II.wl'Ui.atln.g under
lht' Il\w~ of Flor1dA ,ur Qn'tef', th~ pr-indp.aJ 8l.llt\ of 8ev~nt..n
thou(1 :md f ~ ve titlfi(\1'cd a:K1 !~Q/100 lk,nan (, 17,500. q.O L wllh
intt'H'5tt'r';il\.b.lt'l\tttw ralt.(){ i1V{l Md one-f'.')urth p('rc-f:uh.m ( 5, ~,) per
IUlllllll\ (.11 th,: llnpuid halfH\u: untll p."hi. ,-1\e Mid Llrilldp&l ~r.t\ inl':-re$t Ilhall he ~~hle 4l tM (&:~ of
A~.itH'1oAA Tl tle Insul'nncfJ CoeVany
11\ lUtU'n1 t F10I'1da. ,tiT ah~h ~her p1acfl u lh~
t;o'i_t~,'r mAY d~~ljCl,:t\' III writrng, in mOllthly i~t.&Hrnelit5 of Nl nety-~l X an,,-\ 78/100 .
D"ilar~ ($ 95. 78 ). (1)mrnt'IKIn{i (In the t\nst day l>t J 111,. . 19 62, a.nd
on tilt. I1r~t 11ay of cadl month lhen'&fwr until ~h~ prindpaJ a.r.d intet"fll&t ILn! full)' J~id. ,",xct'pl t.hat. t-h(! tu\al
!l.,,\\n\('lIl oi the ,mtlf\' indebtt'<lnt"4S e\'i~n('t'o! h~t11'b)', if not ~r paki, ah&U be due Anti pay..bJ~ OD Ubl
flUt. day of June . i~92 .
If default t~ m.-d(' in the i~}mt"nt of &11) ins.Wlment \.llld~r Uds note Aud if fouch d.e-hult i-a not f1~
go....j llriuj- to Uif' due dAta] of the next :such inlSt~lmfllt. tile ..nU~ prin.dp;i sum ILl!d ~ru~ inleri."at Ahal.:
at Qnc~ ~omc dl!~ &nil ilA}'.hll'! without n\Ilk(j ..t t.h~ vption 1)( the hvld-u o( thia lY.,l~_ Failurl' tc fX"'~i.ae
ttH~ optioll Llhall not ("onlllllut.. Ii 'tIlai...er o( the rizht to ext'n:.i~ the ....l'ne in the e\'~nt of any 8Uhtequfllt.
d~fBlllt In the ('vent of defAult ill th... p.aynwnt o? thill not~~. And if t.h~ ume La (fltlectt."d by an altorn",)'
~t L'\w. the lllldt.nigne.i heN!by ag~(&) to J)Q)' all COtit.s of oolkd..i-on,lndud!na,a ~e.ttt<,)mey'& tM,
l"re&h'ntnlt'nt. protest, slid Iloti<<l an> hf'r('by wah'oo.
("';17.5~ ;i"Cite Do.;.l:nent'.ry
:3t;..;:H' nfflxc;~ to Ol'1(;1nn.l
:~'): I) ..;.d cli;'lcelle:L)
0/ Jav E. F1i~8r,Jr. (Seal)
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~!l)-l:':!t~ I,.!-.. 1'1 eher
Ru th L 0 Fi MltU'
{senl)
And RhAlI duly. prtHnplly. *,-nd fully per (1.1 nn, dlS<"hArgl'. {'x('Cul<>, elft:~t, ('('mplt'h'. and ('\)In pi)' with a.nd
..bidt' by {'R.ch and t'very tht. lI.tillulation!\, agn~nwnL'. condlttons, and COVt'BAnl~ of /tliid promiMoOry l10te
and of thia mortgage, tile11 this mortgagl! and the clItJl.te hi'f\'by Cf(".-too iihii.ll (('Me ll.nd IA.' null lind void
And the Illortg-agN (urth('f C'O\'{'nant~ aa {ollQ\\!\:
1 That}w will pay tht' ind~ht{'-dn!'M, M nert'!nbdorf' pnn'ldM, Privikgl' II! rt'-~r\'t~d to pa~.. the
debt in wh(.It!. or in all IUllount ("lua! to one ('f more monthly PAYments 01\ the prilldp.lil that are lIt-xt dlle
on the noh', on the first dar o( tlny month prior to mi\lunt)': Provide-d. hOWC\'t'f. th8.t written lloti('.-~ of a.a
wtt'lItlon to .'xt>rl:iM' &urh pr;vilegt' l~ gi\'f'fl nt h'Aat thirty (30) days prior to prepayment; &nd, pl'o\'ided
turtht'r. thllt in tho:' "'Wilt the debt ~ pA-ld in fuil prior to maturity and iolt that tinw it i~ ini\urffi under
tht' pro-.i.,iolla of th!' NRtion~lll(jw~ini Act. he wili i18Y W the mortga,l'e an &dju!lt~l tlft'mium ('ha.Tit' of
OOt" ~lt'r c.?ntum (1 t;.) of the odginl\\ pflllClpsl amount lh~r,<<d, ~):\---ept that ill nQ E'Hot Gb_l! the a.djuat<<i
pn'rniulO. (''(('(",...-1 the l\i'.gr~'gllt(> ,uHounl of pf!'mium dlATj!'t'3 which would ,have t.>eo('n p~}.'abl(' if tht' mort-
gage had contllluNi to >C; ln~urffi uht:1 matunty: I\llrh r.aym~nt to be apPlied hy the mortgAg\:~ upon IUI
obligation to th~' F<"lleriU }(OUlllllg CommiMionrr on iLl'Count of nwrtlCage io~uranc~.
2. That. in onlf'r mOIl' lully to prot(.\'t tht' ~udty of thill mortg-q\:. the' mortgagor, together with;
and in .addition t~). till' mvnthlf paymellU\ umlf-r th(~ termf\ o( tht> note ~ur-{'c.! her~by. on the tlr'!lt day of
~h nwnth until the Mid nok i~ fully pu.i!i. wili pay t,) the mort~ai'-"'(' the foUowin~ fHlfi\~:
(a) If thil~ mortgll)fl' and HH' l\aid not(~ ~ur('(i hNehy an? in~ur~i under th~ ptl)\'il\ion~ of the
Nati('fHtl lio\i!\ing Act And fl;(j long 8Jl they contJnUI' t'l l:J(' !to in6lHt".j, unc-tv.dfth (Ii,) of the' ann!)1i.l
mortglil{\' in"urance I'ft?fli!Urn fo!" Ow purp08-e of l'ultlllK the mort&Qg-c~ in funda wj!). wldrh to di8-
eh-IH)1t' the said mort{lilg€'<:'n obli,j{fition tl) tlif' Fc-deral IlGlll'.i:ljf Commi.!...!icmer for morti<l.ge in.!urMlce
prnniufIl!! PUf1HH\nt to the applicable prov!.,!on6 of the NatwtlAl Hou.-lng Act, &3 arnt'ndc-d, l'lnd Hf'~U.
laliofil\ thereunder; t!if' n1()rtga.iC~C shJl.lI, on the t.emlinatioH of ita obllsation t,) pay morlifagl' in8ur.
nnce prt'f11IUHll\. ('ft'<!it to th~ IK':ounl of the mortiilKor all payr!lent.a made und,n the 1l(\),..Is.iotls of thia
Wh5(-'diol1 which the mortgagee hM net L'\:wnw obHg-at<.J t.J pay tl) the Fednal llou.&ing Cummu-
f iOllt'r,
(b) A 8tlm ("qual to thc,gwund rUlts,!f any, next du", plu~ the pn'mIU!1l3 that will l){'xl ~{)f1h'
dut' And p,'\y&t.le on pnliei~ of fin> and other hU3nl inljuran.;~ \'::ovl"rlng t!w n1fHtgv.gi,d l>rf.ipNty. plus
tax~ and aMf'1lS1lH'1lU5 niZ){t dve Of! the mortRi1gl".1 I'Npi'rty {all &.!\ eatim~t(>d by till' mortl(ai{('e) I.,M
all ~um3 aJr\'-Ady F~jd thert'ior divided by the numt~r of monthii to elA~e tJ4..'fote OOt month prioi
to the da.t-e WhHl ilu('h gH-.vnd Tents, ph;miuOl.i!, laXl'oll, M:d Il.M-eum~n!.-8 will bocom... delinquent. ftuch
Bums to l~ odd by mortg~~~ in tru~t to PAY 3-!iJd ground Tf!nLl. p~mlurna, tale>;, 8.11d !!l!('.dal ~M-
m~nu.,
(e) An pa{i'fi'!f1tJ! 111>::ntion.,i in the two pn,(f-ding 5ull$t"Ctk.n.1I .A this pafltlliaph !>nd all J:~Y'
mt'lil.a to l)(l nUVle undt;r the note ~U((:--d ht'l't'L.)' lIhAlI bo!,-~ add~J to~thE'r and th~ ft.g--gf'{;2fnt~ IlnlVU.Ot
th<l"ft"t..f i!-htJl be p..'lirl by th~ mortg'A(Vf ~at'h month in a tllns-* p"'yn~t to fj>(' 3Pi,lied by the mort.
g~ to th$ {,,)!lowing Iten... in the urdu u-t forth:
J. prNolum eh.1u11€i1 und~r the t:>Jotnv:t (If !n.~urtm~ willi UH~ Fe<Jc161 HOUiing C)Qfi)..
mwion~r ;
II. ilfound n'fjtiJ, t4i:e!j, ~(;ntlt, (IN, fU'1d (JU1U M1.Ard il'""Ufi'>n(~ pn~miurrul;
HI. inter(~t on tht< not~ &e.Curf;!.i hen-by: and
n;, ArnQftluHoH {If lh~ prindpiJ (it s.Aid not~
An)' .iefx:hmey in th1\ t\Jw)unt or Buch tt_jfgrt'gJ!lt.:' monthly pi\yment Sh~l_ U1\I~ mail;.' i'M br ili~
mortgttftoT prior to the du~ date of the 1i\'7l. such piS;mwnt. (:<ltl.~tit'jt~ {l.fl {l.''''i'!it. of tldault lmd~,: thi. mortr
Pir~, Th$ mortf{^-H~ ma]' rollt>t:t a "lah' ('hAfg~'- not U) e:-;~ ~wo cf'nU (21) for fw-h dO!IM' {jl} ot
~'1 t;.ayF.rt~\)t nY.H'U thi#.H 1\ttP.eu (15) dA}1\ in I\~n to c()vcr thf' extra (OXfJet\M lnv(i}yfJd 1n hwdHt'.g
!kHnqu~ut pAJj'(~[tt$,
8. That if Ule t-OtiU of thO! P&)IM:IJUl m...d-e 0'" the I'.HHtg~gvr ur;dcr (f>) of parii4!(t-ph 2 prec..-"Q{u!l80~~Ji
UC~ tM fU'Uount of ;;ayment.<; li.ctu~Hy made hI' th~ mortgag~ for gf-cund rt'nt.l. Uu~ wd ~ment"
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