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H otc VALl18 RECEIVED, the undersigned promise (s) to pay to " ......,...._ _ M_ ...-..-:.,_....:.
'SOUTHEASTERN NI,ORTGAGE COI•iPANY
_ , a corporation organized and existing under
the laws of the State of Florida , or order, the principal sum of Eleven
thousand three hundred and No/100------~----Dollars ($ 11,300.00 ), with
interest from date at the rate of Five & one-~uartar per centum (S-1/4 ~) per
annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of
Southeastern Mortgage Company, 1340 West: Flagler Street,
in D1 i alai , Florid & , or at such other place as the
holder may designate in writing, in monthly insta!lmentc of Fifty-eight & 87/100
Dollars ($ 58.87 ), com,-i~encing on the first day of December , 1962 ,and
on the first day of each month thereafter until the principal and interest are l~iily paid, except that the final
payment of the entire indebtedness evidenced hereby, if not sooner paid, shall be due and payable on the
first day of November , 1997
If default be made in the payment of any installment under this note, and if ouch default is not made
good prior to the due date of the next such iiistRllment, the entire principal sum and accrued interest shall
at once become due and payable without notice at the option of the holder of this note. Failure to exercise
this option shall i~ot constitute a waiver of the right to exercise the game in the event of any subsequent
default. In the event of default. in the payment of this note, and if the same is collected by an attorney
at law, the undersigned hereby agree (s) to pay all costa of collection, including. a reasonable attorney's fee.
Presentment, protest, and noti::e are hereby waived.
($11.30 State Documentary Stamps ----s/ Charles L. Cross __~~~)
affixed to original note and Charles L. Gross
cancelled .) - .------------------ ------ ----------------------
----~~ - Ka thrvn F.--CY'c1~S_----------------(-S_e~l )
Kathryn E. Crops
And shall duly, promptly, and fully perform, discharge, execute, effect, complete, and comply with and
abide by eae:h and every the stipulations, agreements, cond-'tions, and covenants of said promissory note
and of this mortgage, then this mortgage and the estate hereby created shall cease and be null and void.
And the mortgagor further covenants as follows :
1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserves to pay the
debt in whole, or in an amount equal to one or more monthly payments 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 exercise such privilege is gi=yen at least thirty (30) days prior to prepayment; and, provided
further, that in the event the debt is paid in full prior to maturity and at that time it is insured under
the provisions of the National Housing Act, he will pay to the mortgagee an adjusted premium charge of
one per centum (1%) of the original principal amount thereof, except that in no event shall the adjusted
premium exceed the aggregate amount of premium charges which would have been payable if the mort-
gage had continued to be insured until maturity; such.payinent to be applied by the mortgagee upon its
obligation to the Federal Housing Commissioner on account of mortgage insurance.
2. That, in order more fully to protect the security of this mortgage, the mortgagor, together with,
and in addition ta, the monthly payments under the terms of the note secured hereby, on the first day of
each month until the said note is fully paid, will pay to the mortgagee the following sums : -
(a) A.n amount aufl3gient to provide ,the holder hereof with funds to pay the next mortgage
insurance premium if this instrument and the note secured hereby are insured, or a monthly charge
(in lieu of a mortgage insurance p3remium) if they are held by the Federal Housing Commissioner,
as follows
(i) Ii and eo long as said note of even date and thi^ inxtrnment are insu*ed or are reir_sured under the
,2roviaiona of the National Housing Act, an amount suRici.;nt to accumulate in the hands of the holder
one (1) month pprior to its due date the annual mortgage insurance premium, in order to provide such
holder with funds to pa such premium to the Federal Housing Commissioner pursuant to the National
Housing Act, sa amended, and applicable Regulations thereunder; or
(u) Ii and eo long sa said note of even date and this-instrument are held bq the l~'ederal Housing Commia-
aioner; a monthlyy charrggee (i>> lino of a mortgage inauran,ee premium) which shall be in an amount
- equal to one-tx-elfth (yi=) of one-half (34) per centum of the average outstanding balance due on the
note computed without taking into account delinqueneica or prepayments;
(b) A suni equal to the ground rents, if any, next due, plus the Frew;uma that will next become
due and payable on policies of fire and•other hazard insurance ~xiverIng the mortgaged property, plus
taxes and assessments next due on the mortgaged property (all as estimated by the moi-±gagee) less
all sums already paid they efor divided by the number of months to elapse before one month prior
to the date when aucl- ground rents, premiums, taxes, and assessments will become delinquent, such
sums to be held by mortgagee in trust to pay said ground rents; premiums, taxes, and special assess-
ments ;and -
(~~) All payments mentioned in the t~vo preceding subsections of this paragraph and all pay-
ments to be made under the note secured hereby shall be added together and the aggrogate amount
thereof shall bQ paid by the mortgagor eanh ir,onth in a single payment to be applied by the mort-
gagee to the following items in the ord~: set forth
(i) prrnmiutr. charges under the enntraet of insurance with the Federal Kousing Commisaicner, or monthly
-charge (in lien of mortgage insurance pre;nium), as the case may bt;
(~t)) ground rents, taxes. as+reasmente, are, and othe* hazard iruurance premiums;
([n) mtereat on the noto secured herebq; and
(iv amortization o! the principal of said note.
Any deficiency. in the amount of such aggregate rporthly ~is~rr-ent shall, unless made good b;~ tl;e
mortgagor p: for to the due data of the next such pa~inent, constitute an event of default under this mort-
gage. The mortgagee may collect a "late charge' not to exceed two cents (2¢) for each dollar (31) of~
each payment mare than fifteen (16) days in arrears to cover the Extra expense involved in hi~ndling
delinquent payments.
3. 'That if fire fatal of the pay7rients mace byy thPmortgagor under (b) of paragraph 2 preceding shall
exceztl the amount of payments actpally made by the mortgagee, for around rents, taxis and as8esamente