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FOR VALUE RECEIVED, the undenil1led promiM(.) to pay to
O,R. 59 ('0
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'.rS!.l'UCj[ C~U.TT. FLA.
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ATICO PIUlIOW. OOIPOUTIC*
~ '
, a eorporatiola ol'pV\fNd aod exJatw. undu'
the laws of D4 1 aware ,or 0"-', the prbadPal Am of Bl...n
Thousand, SeveJl B\JIlored . .0/100 - - - - ,- -DoUara <'11,700.00 ), with
interestfrom date at the rate of Pi... '. 0.. QaAtt....r' . . percmtum (5-1/- S") per
annum on the unpaid balanee until paid. The laid principal aDd interMt lhaD be payable at the oftke of
, ATIOO nlWlCUL 00U0IAft0ll
in M1.-i. Plorida ' ".' -. . ,or at.uch ~ place u the
holder may deaiiPUlte in writina, in monthly iDltaUmentl 01 .i.xt7 p~ . 70/100 .
Dollan ($64.70 ), commencina on the fint d., of .April ,1963 ,and
on the fint day of each month thereafter until th. pri ncipal and inten.t are full7 paid, except that the ftDa1
p..'\yment of the entire indebtedneu evideaced hereby, if not IOODer paW. IbaJl be dne ancJ"payabIe on the
fit'st day of Marcb , 19 93 . '
If default be made in the payment of any inataBment under thie note, ADd ifauch default is not made
good prior to the due date of the next such installment, the entire priDeipal MUn ud MCrued interest .haIl
at once become due and payable without !lOtioe at the qptloll'Of the holder of thia note. Failure to exerciae
thia option shall nc:;~ CQnatitute a waiver of the ~ to ~rciJe the lllUDes in tbtt event of auy lubeequent
defauit. In the event of default in the paymmt 01 this ~, and If the aame ia collected by an attorney
at law, the underaiped hereby acree(l) to pay all COtIta of coIleetioD, lacludiDa.a ,..,-..~ 4ttorner8 tee.
Presentment, proteet, and notice are hereby waived..
($11.70 State Documentary Stamps
affixed to original note and
cancelled.> .
'--
..:,../J.L.Willi.. R. Daw80n
~, Willi.. R. D.w.~n
(~~1.)
And shall duly, promptly, and fUllyperlorm, diIebarIe, execute, effect, complete, and comply with and
abide by each and every the stiPUlatioDl, qreementa, conditi'lDl, and covenants of laid promiaaory note
and of thiB mortgage, then this mortpge and the atate hereby eruted ahall cease and be null and void.
And the mortpgor further covenanta .. followa:
1. That he will pay the indebtedneaa, as hereinbefore provided.' Privilece is reserved to pay the
debt in whole, or in an amount equal to one or more monthly paymenta on the principal that are next duo
on the note, on the ftrst day of any month prior to maturity: Provided, however, that written notice of an
intention to exercbe such privilege is given at leat 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 inaured under
the provisiona of the National Houainl' Act, he will pay to the mortppe an adjuated premium charge of
one per centum (1 %) of the original principal amount thereof, except that in no event aMlI the adjuated
premium exceed the ~pte amount of pre.mium ebaI'a'ea which would have been payabl3 if the mort-
gage had continued to be inJured until maturity; such p&1D1ent to be applied by the mortppe upon ita
obligation to the Federal HOUling Commi..ioner on ac:eount of rnortpp insurance., . '
2. That, in order more fully to protect the lecurity of thla mortpp, the mortPl'or, torether with,
and tn addition to, the monthly payments under the terma of the note lIfloeured hereby, on the tirst day of
each month until the said note is fully paid, will pay to the mortPl'ee the following sums:
(:;) An amount suftieient to provide the holder hereof with funda to pay the next mortgage
insurance premium if tltia inatrument and the note iecured hereby are inaured, or a monthly charge
(in lieu of a mortgage inaurance premium) if they are held by the Federal Housing Commiuioner,
as foJIowa:
(I) If and 10 long.. .&ld note of ~ date aDd tbla ~t an luared or are niuured UDder the
provision. of the N"Uoru.l Houatnc Aet, aD IUnOWlt RIIcient to 1KeUJm11a.te ill ~ haDds of the holder
one (1) month ,rior to Ita due date the annual mortcaa'e iuanaoe premium, lD order to provide web
holder with funda to pay .uch premium to the FederafllCNGIlI' Comml..loner punuant to the NaUona1
Houling Arl,.. amended, .1Id applicable ReaulaUou u.~r;.or .
(n) It and 10 10nl''' laid note of even date aDG tbh,lutnuDeDt are MJG ~ the .._rat Houalnc Commil-
, soner, a monthl7 tha~ (In 11M of . mol1pCe iDnJ'aIMle ~1bII) which Ihall bs in aD amount
equal to one-twelftb nit> of on~h.u (~) Jl8f cell. of the .~s :;outr.udiq ~ due on the
note computed without taJdi'g Into MClOWlt~. or prepaJ'1Itent.1 ' '
< b) A sum equal to the II'OUnd renta, if any, n!lXt due, plua tM premiums that will nen become
due and payable on policlea of fire and other huard iMurIi1ce eoverm. the mortpeed property, plus
taxes and aaseMIDenta next due on the mortgapdproperty (aU .. .tlmated by the mortgqee) leu
all surns already paid therefor divided by the number of months to elapee before one month prior
to the date when such ground rel)ta, premiums, taxes, and aaaeuments will become delinquent, such
sums to be held by mortgagee in truat to pay laid around rente. premiuma, tax., aad epeeial.....s
menta; and' , ,; ,
(() All payments mentioned in the two preeediq IUbIeetioY of this paraaraph and aU pay-
ments 00 be made under the note aeeUled hereby aha1l be added topthfU' and tM aanaate amount
thereof shall be paid by the mortpl'Or each month in a aiqle payment to be applied by the mQrt-
gagee to the following it.ema in the order set forth: ,." .
(I) premium ch&rgu \lilder the conlract of iIlwrinco with the Federal Houatnc Comml.onu, or monthly
ehatge (!'llieu of mort.pcfJ huuranc.e p~W!!),.. the cue ma)' be; , -
(ill ground rent., taxes, .~u, Are, ua other huard iuuranee premium.; .
(m Interest on t!le note Meured htireb1; iutd ' , . . '
(tV amortisation of the priJld,p&1 of ll&id nate. " '
Any def\cleMY in the amount of lueh .~ monthly P.Ayment shall, unless made aood by the
mortgagor pr.ior to the due date of the nex, t luch papnent, eor.8tttute an event of default under thia mort-
gage: The J'!'1ortppe may collect a "late charp" not to exceed two cents (~) for each dollar <'I) of
each payment more than ftfteen (16) d!'Y8 in an"ear8 to cover the extra expenae involved in handlina -
delinquent payment.. - . ~" i' ". ", :' ;'.
3. That if the total of the p.ymen~ made by themortpgor under (b) of para~aph 2 preeedi"- .hall
e~ceed ~e &moont of payments actually mad,! by ~~~~I1~~' !Q1' I(I'OUnd rentll. tAxee and uaeumenta
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