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It',* V,A.LUK RsCtlYIP. tM l,/.h4tntl'f..oo pt\O~M{') Lv pay t.o
O. t r~ ~ 7
60:1. \J{) r.t~f
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SO\Jfl{EA_~TERl~ nORTGACF.: CO};JlAHY
. a (':Qrpor~ o,..anlwd and @~l&tini' \H!i!t'f
lh~l.waof t!H: ,Statp of Florida .()rordn.th~pfi~Ip&I.\tmot 1\":1.:111(: Thuu!iand
Thn'f' Huwir.'d Fi f ty f.1f',d No/lOO- - - - - Ootian (! 12 r J SO. uO ), with
intt'h'iltf~mdAh'a,ttJ;~t.t.t<or Fiv~ & on('-quartl"r perotntuln (~-l/tl %) ~r
t\J1r1um Ofl th~ un~ld ba.l.~ lIntil paid. 'l"M I&kt prhwtpal Iln-a lnt.,nstt ~! b. payable at th~ office or
SOl1thl'u.5l('l~n ~';~?rtf.~\i)~, COi~(l~n~ t 1340 ~'';(~.st Fln(;lc:r Stn'ct j
In J. l';~;'ll. t F l () r Hl n . or At 11.!('.h ot.hu pla{".i' lL!dhe
hol,h'r m.a)' d~iillal~ in writi"l'. in monthly iJl.lWIm~lIlta ot Six ty - (' it',l' t u..,~ 30/100
Dol!a,.. {$ 08. ]\) ). comJn(>lKin, on tM: ftnt day Qf ? :.n'c: II . 19 (.]. and
vil Ule tint day of e.a<:h mcuth t.h~"'~t~r until th~ prindpal and i"t~1'elJt An! fully pAid; N,;~pt l~at th(! tinAI
pll)llU'nt of th(' t'iltin; ind~bl~hP1'\U Iwld.n('<<\ her-my". If not aoont'T pilld, shAll be d~ and r.-yabk on Hw
fll:$l 0..)' of F~I'nlary ,19):},
It dt>fault h~ ",aot' in th(l payment (If l\;.j' in8Wlm~nt UnaH th!i flott', And I( ~u('h defAult 1,. not nn.d\!
rood pdor to the du~ dat~ (I( tl1f' ","xt wch In!!blh~nl, tht! t'ntire ptindpal Aum and 1.\('CYUN1 inlNN.lllhall
at or.N! l"t"C'Ome du~ and payablfJ wHhilut noli<:" At th<e option of th.. h(lkkr of thi& nott'. Flliluf(> \..0 nl'rciu
thi!i option ~haJl n.Qt roflJllltutf' ., walvt'r of tnI' ri,ht tJ) eUl'd5e thli uune in the o:vent of any 3ul>8tGi..:wt
dt'h,ult. In tht' ~Vr.lt of d~(1lult In tht' pnyrnC'nt 01 thl., fiott', And if tho .~mt' ill \~(}l:t~h~d by 1m Attornf')'
At lAw, the undf'f'Sipt'fl hf'f-eOY 5,rfit(ll) to pay a.!! (A.l3t.t of COnE'(tion, lndudifll. & r~.u(]nAhl(l altornt'y'a f~.
P~J!ot'ntrnt'nt, IHVtt3t, And ooticoe ~ hueby WAived.
( ~ 1 }, ~ I ) ,C; t H!" I: or U ij.. !', t II !' Y S t I}. ~') ~;
d ~., ~ ~< f' { , ~ n ':1 !"..; :~ i :; a 1. n ~ t (' a L d
rc:u('('! le'," ,)
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'. ~l r(~' l\.L. ~~. A.~.~~ 1. ~~ t:~,: 4-:VL,
......~t.{)l,.:l :'. .___1.1 in 't.on
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And t\hA.l1 duly, promptly, and tully pt'Tform, di~h.Aflt\', t'Xocut.e. <,ff(<{'to {',)mpil't(', and comply with ~l1d
&bMf' hy (".&ell I\nd (,H'r)' thE' fltipulatlorl!!, A.fl'em~nt.f, wndiUoo8, and ~OVenl'tf\~ of /!.aid promiMory noh'
and (If thi~ nwrtgal(iE, th~n thil\ moriK.1re And the ~tAt~ htm'''}'Y cr~atffl tlhall {,~Ut! And be null /l.f1J void,
And lhl..' mOrti&i"Or furHwr nwen.:tnt" u (ol!o",.:
L ThAt he Y<'ill 1-.....,. tht' Ind~bt.r<int'~, u h~r('it1i.lofiof€ pNvidoo. Pri vi kg 1..' it! r.~iH';'VeO tu ~;.1\Y thl'
d~M in wholt>, or in an amount t'qu31 to (lOt' or morn monthly paymenti' un thl' prim'i!'lll thl\t ar" !it>xt du('
on Uw nOl<" on lh~ t\rAl dAY of any month prior to mllturity: Provided, howt'vl'r, that writt('l) r\0t1C(' (.If an
ifit.'ntiofl to e'{t'fcu-e such prhil\'g(' iz gi\'~\ at 1t'&.!It thlrt)' (:~O) daY8 prior t,) i'r\'~~ilym(>nt: and, I'fovide<i
furthu, thAt in tht' t'v,^nt till' dt'bt is Jlaid in full prior to ffilltUtlty llod at that tim" it iA insur~l lindH
the pn.>vil!i0n~ of thf' NAtional Housing Act, ht' wi!! p1IY to the mortgllir<<' an adJllBled prt'mium chuge of
one pt'f' ct'ntum (1 <;~) of Hw origillal printipal amount thu('<)f, t'xn:pt that in no ev...nt "hall tht' adJulitt'd
pN'mium E')(cM.'d thf' A,ntl'l'~l\t{" amOl/ftt of prt'rnillnl chUlfi'll. which would have 1;""('11 ~).'\yabl(> if thl' n:~,!'t-
fll~(, h~; (ontinu..J to be 1118ur('(! until mt<.turit}'; i!t1ch paym"nt to be i!Pi>lit'<1 by the mortgagee ll{l<JO iu
obliglltion to the F.'iif'ui Hou:\!ug' ('omrniMi0twr on a.('('o)unl of mortgAge in,.urance,
2. TIiat, in ottlrr mol'" (uli)' i,.-J proled Ow I\~urity of this moli(.i'e, tht> mortgagor, tOi{t'thl!r with,
&r.tl in ~hiilionto, the fl.lonthly pa}ment.A,I.ind~r th~ t('mlS oi thl' not.\" ucured lH'!\'by, on th(> nr!lt d~)' of
~h month until the ~l(j note III tully PAId, Wilt P.AY to tha m(lrtfCAIlf'e the (ollowuiK ~urn!l:
(a) An ltffiOilnt &\Iificll;'nt to provldt' the holdM' h(>n~f wi~'1 fund.1i to pay the next mortgagl'
lfl!lIHl!nc(' prt'rnium if thii\ in.tnmwnt nf1d the not>t t('('ur\'d h~n'by an' inrIUT(>d, or a 1l10nth!y char;rl'
(in lieu of a mortg~.ge In.luranrt' pN"mium) If the)' arc htld b}' ttw FNi erfi I Hou!ling CommlM:oliN,
AS (C,l!oW8:
(I) It and 100 10:\' U ~ld not" d ..."'" dM. t.nd Ullll Inftrum1'Ilt af'!! in.\J~ Ot "rfI i"f'in"lT""l undf'l' tl-..
prcy"j(,na of t~ N"t!<>f\al H"",tin. A<:I, ~n ur~nt 1I..t!lil.nt to ~..l!nu!"t4! In Ir.t!' har"ie 'Jf th;o huldH
"".. {l} D'j()f\in T'llor t,) ih d~ dll.t" thl' 4nrHlal !!~rt.tjl.~. il'>~r!l!'c~ pt~mJurn, in onkr t.. ~Jfo~i<i" ,w:h
h.n!<j.~r wi!h tun-d. to P41 1:.1(')', pr@'fill\Jm {;:) Hi>!; J-'"",~U! H1Y..uing C<)tnml....ionH pur'\J~r,t tIJ U",,, N~lI<.",.!
B',\)'.1'\K Arl, >> lLft\tf'..ied, "1'>1 &r{'lI~Ahk R4!'~\l!l\U(>f;5 l~r>l!Un.o..t; or .. . ,.
(II) If ~nd fOJ k,n. IU "lli1 r,,;t~ r.( ~"th a"v. "'hi thll lr,gt',,":.;:nt "j'tlO o..-kl t>y th-fo . MHlll 1{l)Ui;n~ C,'mmil
eJonn. il l'f\<)ntlllr c. haT".. (In h~.., (Jt .. r.-.eM.,,~ ir.l!<H!lnol! premium} whirh .h.1! t... In il'n alTV,;t<nt
f>'l\lal t.:> ~.t<nlfth Hh) ot ol\E>-half (l.-!,) ~f c#,>"\\vm IJf th. ~"f1!!~ ouu.tan,lir'lf MllanN' dlW' on L"'~
t,;,toe c<:....r,v~t~j "oth~ut ltdlnl Into lk~Jl\t d~iir,!f"..Mt\-Ci" or P~Yn'ilftlt.;
(<'>) A sum equal to the ilNund f('nt!\,!f ailY, n~xt 0\.1(0, plUA th~ prf'mi'JmA that will n~J{t l"N'om<,
du~ And p.,...y~hi~ on polidea 01 ftre and othn huard l!"18un~n(;~ WVt"r1l1B thf' ftVHt!(ag;.,d Prt'l>t'rty, plulI
Wl.H!\ and K&M'jUnH~nt4 nut due on th~ fMrtgaiW properly (lill u ~Umftt~d by tll.. rnort!{il.S(t'T) !t'&I'
A.ll 5UliUI sJrN!..dy l~id thHffor divide-d by the numb-c.r of nlt,nthl!. t(. dap~e he(nre on" fl1!itlth prior
t.u thi:: dAte whtri such if"OlJfld Tent!., premium$, t....J€ei, and ~t.~m~nta ",ill t>toYOnH~ dtllllqu{'nt, !Iuch
.\)m~ to ~ hf'ld by mortg~gi.'t. in tnll;t to pay said rround TeflU, p~mium1'l, V\xt'lJ, And ApKilil! MMIa-
m~nU; Anrl
(<) All J:'&yrflrntA ment!ollf'rl In the two procedlnif 8u~t'(tiol\.tl of thl!! parAgr;1jlh ~lf\d all pay-
meota w h.. mMP undn tht n(;t~ ~(."('lj~ htr('bYl!hall b~ ~idf'd torethtr And the RfiTt'ifllte ILmount
thi'f''f''d ehall b.. paid by the mortfJarnr f'.eh month lr. a &wjO-ie paYlnf'nt to be Applied by the rnor+...
lal~ VJ the f..<llQwing itJom~ In th\" order li:t forth:
(I) \J~n.lim fhilf;{M ur~r li'~ <QiHrlV-t cf ltW,HJ\fi<< ...Hh tF.c Y~~nl HOiUlf\1! t:":>mfnJn.d)OH, ')r rfl,"'r,thl.,.
thAt,... /11'1 :1P'J nf :r,.'J1i4f_ll'-i! IM7Hllnu' t>f1'ml\lml. u tr~ U,~ m.y b~;
(Ill !fi'NI'!,f f'C!'Iil., t..u., u~u,.m~nLo, fir", anti QitAt h&1.6tU ir,J'lra.r.n' prwr,j;;r\'\.;
(Illl ~n\"I.....t (>fl tht! _~ _..,....n!!d "..r~h,; ...n.~
(l Y; ~...""rt,"t0r. r,t 1M priM: ~l 01 MId OOt41.
An'! <kftdt'llCY in the a.ffi(lljnt of 8uth a~n!NfL~~ monthl)' p3ym~nt Ahal!. unlE.'M mlHi.. good b)' th~
mor4fA<<IJT pnor to tht clue dite Qr th!' fl\?xt IHJ"h parmn.t. ronlltitut<; an €'1ie-.nt of elf-fault l!nder Uli'! mott.
i!ag@'. The tlwrt4Ja.jf'"M'l ffillY c....Jiect . "lAte chuge' not to n('~i tw.. ('~ntA (20 tor tAth dol:8f (,n o(
~~h p.it.)<mtmt mor~ t.hAn tHt~ (i!'i) d!iYII in SHean to cnv..r th~ ('xtr. e:;q:....li~ In\'oh'ed In hand!wjC
d~linQur"nt V..$ymefifA.
8, n,.t it th~ t.ot~;J of th.- payn:t"nh rnp,je br tt;~Hn()rtg1lKor Ilndn (b) of para{(r~ph 2 pf(~('o"lilli !.hall
~V~ the Ami)Uflt {)f 1'~Yni('nt" {H'tuail)' ma(le ',y th{' nwl'tlag>:i>. for l<iCl\HHI nmtG. taj;f>& and ......Ml\~menb