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Fox VA+.UE P.at2lv», the uac±ersigned pro, tsc~s~j ~ . ~ ~- A
AT?'GO F?NAtvCIAL CORPORATION °'
~ Delaware , a corporation orgartired and existing under
the .awn of , or order, the principal sum of Fif °ceen
thousand four-hundred & • No/100------------- Dollars (~ 15,400.00 ),with
interest from date at the rate of Five & one -quaz~ter per centum (5-1/4 96) per
annt-m on the unpaid balance until paid. The said principal acid interest shall ba payable at the oPRce of
ATICO FINANCIAL CORPORATION
ih Miami , Florida , or at such other place as the
holder may designate in writing, in monthly installments of Eight-Five $~ 16/100
Dollars (# 85.16 ), commencing on the first day of Aprll ~ 19 63 ~ and
on the first day of each month thereafter until the principal and interest are fully paid, except that the final
payment of the entire indebtedness evidenced heresy, if not sooner paid, shall be due and payable on the
first day of March , 19 93 .
If default be made in the payment of any installment under this note, and if atrch default is not made
good prior to the due date of the next such installment, 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 not constitute a waiver of the right to exercise the same is 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 attr~rney
at Iaw,the undersigned hereby agree(s) to pay all costs of collection, iatcluding.a reasonable attorney's fee.
Presentment, protest, and notice are hereby waived.
($15.1+0 State Documentary Stamps s1__Jesse L. Hollahan Sear
affixed to original note and -~ Jesse L. Hollahan
ca>zcelled. )
___.sl_~_};e~t~_B~Hollahan __ ea1,___
Betty B. Hollahan
And shall duly, promptly, and fully perform, discharge, execute, effect, complete, and comply with and
abide by each and every the stipulations, agreements, conditions, 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 hereinbPfore provided. Privilege is reserved to pay the
debt in whole, or in an amount equal to one or mop a 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 eaerciae such privilege is given 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 tha± time it is insured under
the provisiorsu of the National Housing Act, he will pay to the mortgagee an adjusted premium charge of
one per centum (196) 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 payment 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 to, 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) An amount aufficie~t to provide the holder hereof with funds to pay the next mortgage
insurance premium :f this instrument and the note secured hereby are insured, or a monthly charge
(in lieu of a mortgage insurance premium) if they are held uy the Federal Housing Commissioner,
as follovQa
(t) If and so long as raid note of even date' and this instrument are insated or are reinsured under the
provisions of the National Housing Act, an amount aufilcienE to accumulate in the hands of the holder
one (1) month prior 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, as amended, and applicable Re~ulaticna thereunder; or
(u) If and so long as sail note of even date and this instrument are held by the Federal Housing Commis-
sioner, s mon~hly charge (in lieu of a mortgaga inadrance premium) which shall be in an amount
equal to one-twelfth (~Z) of one-half (34 ).per centum of the average outstanding balance dun on the
note computed without taking into account delinquencies or prepayments;
(b) A sum equal tc the ground rents, if any, next due, plus the preriums that will next become
due and payable on policies of fire and other hazard insurance covering the mortgaged property, plug
taxes and assessments next dt:e on the mortgaged property (all as estimated by the mortgagee) less
all sums u1-'Pady paid therefor divided by the number of months to elapse before one month prior
to the date when such ground .rents, premiums, taxes, and assessments will become delinquent, such
soma to be held by mortgagee in trust to pay said grot:nd rents, premiums, taxes, and special assess-
ments;and
(c) All payment8 mentioned in the two preceding subsections of this paragraph and all pay-
ments to be made under the note secured hereby shall be added together and the aggregate amount
thereof shall be paid by the mortgagor each month in a single payment to be applied by the mort-
gagee to the following items in the order set forth
(1) prtminm charges under the contract of insurance with the Federal Housing Commissioner, or monthly
charge (in lieu of mortgage insurance premium), as the case may be;
(iI) ¢rounc+ rents, taxes, asaeaaments, fire, and other haaard insurance premiums;
(ni3 interest on the note secured hereby; and
(rv amortlaation of the principal of said note.
Any deficiency in the amount of such aggregate monthly payment ehall, unless made good by the
mortgagor prior to the dun date of the next such payment, 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 (~1) of
each payment more than fifteen (lb) days in arrears to cover the extra expense involved in handling
delinquent payments.
3. That if the total of the payments made by the mertgagnr;under (b) of paragraph 2 preceding shall
exceed. the amount of payments actually made y the n~Orfgagee, for ground rents. taxes and 2ssesvments