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l~oa Va.us the w~derai~ned Pe'ani~e(a) to P+U? to ~ '~j~~j~ 1~'K~'U ~ J `
~ S:OC~iOII~ ~Bl'1'7+B?* D~~ ~ C~F~
~ ~ a cosporation orpnis~ed ~und e~iatin~ uader
t~e 4.h ot atat• os ~los~da , or order, rbe p~nciwa sum o~ s=a8s lsaR!'s1UtD..
SEYE~ SO~E~ ?I!'1'? ~ 00/~00 ~ ~ - - • Do11~rs (i 8~T50.00 wiU?
interest rro~m a~?te at.the r,?ts ot tiry ~ oa~-~o~st~h r~' osntum ( S} 96) per
aanwn on the unpaid balanoe untll paid. The esid princlpsl snd intereat shall be p~yable at the o~oe of
~BTOCZiO~~ ~SLb?~ D~~]I ~ OOIL~I~R
JaO~ O~l~Till~ ll0~id` . or at a~ch other pL~os as the
hofder m~y desi~ute in writin~, in nantAly inst~lments oi !I!'1'Z~'1'f0 ~'30/~00
Dou~rs ti ~2.g0 ~ oommencin,~ on the flrat day oi ?~b~cu~ar~ .18 64
on the tlrat day of ~ch aanth therestt~er until the princip~l and intse~est are luU,~? P+dd. exoePt t2ut the Ansl
p~yn~ent o! the entire indebtedneas evtdenoed hereby. ii not sooner paid. al~all be dns sad payaWe on the
~rat a,~? ot Januarl , ~e 89 .
Ii deta~ilt be made in the p~ayment oi aay instaUment under this no~e, and ii sncb defiult ia not made
rood prior to the due date oi the next auc~k inatspmenk the enlire principsl awn and ~ocrned interest shan
at o~oe ba~oaae due aad pa~yable without notioe at the n oi the holder oi thia note. Failure to exercise
ba~oaae pa~y
this o~tton ahaQ not oonstitute a waiver o! the ri~ht~exercise the aame in the event oi aq~? aub~equeat
defsnit In the event of defsult in the p~m~t o! this nots~ ind if the aame is oolled,ed by sn attorney
~ ~ st LNr,the undersigned herebY asree(s) to p~y sU ooats oi ooUection. includia~a reaw~a~ attorney's iee.
' PreseatmeAt, prutesk and notioe are bereby waived.
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~ ~ __.~!1.~1 0. e~c•.n . . . -
. l[arT C. arsea
And sbaD dn~.~p~
. and lhlb perlarm. e:ewte~ efl'ect, ~oonplete. and oompi~r wtth and
~bide b aKh aad - the atiPnL?t~on+d. at~~~ls~o~itions. and oovea:nts of s:id note
3 ~od a~ ~ morti~t~,~ this mo
{irtts,~e and t~e estste hersby crested ahaU oease and be
n~~~~ vo3d.
~ And the mort,~i~or turther oov~ants as fdbwa:
1. T6st Le wiQ p~y the indebtedneas, as hereinbefore pa~+ovZded. Prtvikg~a is reeerved to psy the
~ debt in whole, or ia an aawunt equ~l to one or more monthly pymenta on the p~rinclp~el t6st are ne:t due
~ the note. on the itrst d~y oi any neonth prior to maturity: Provided, however. thst written notioe oi sn
intention to ezerci~e such privilege is given at les~st t6irtY (SO) d~ys Prior to Pre~syment: snd. Provided
lurther. thst in the event the debt is paid in fuU prior ta! msturlty snd at tlut tmae it is insnred nnder ,
t6e p~+ovisions of the National Houaing Act, he ~viU psy to the mortgasee an ad,juated pre~imn charge oi
t ~ one per oentnm (196) o! the original principal amount ther~i. exoept thst in no event shsll the adjnated
! pa+emium ezoeed the ~greg~te amoant of premium cl~rg~ea whic6 would hsve been payable i! the mort-
~ sa~e had oontinued to~ be inawred until maturitr; sach p~qymeat to be appiied by the mortgagee upon its
, obligstion to the Federai Housing Comraissioner ~~ooount oi mortas~g~e insuranoe.
~ 2 Thst, in order more fuUy to pratect the secudty oi this mort~a~e. the mortS+igor, to~ether with,
and in addition to~ tLe menthly~s~m
enta under the ternns oi the note secnred hereby. on the lirst dmy oi
e~eh month unt~ the aaid note is fuUy paid, w~l p~,y to the mortga~ee the tolbwia~ aums:
(a) An amount snfficient to provide the holder hereo~ with fimds to pay the ne:t mortgag~e
inaurance premium if this u~atrument and the note aecured hereby are iusured, or a monthi~? charg~e
(in lien oi s mortga~g~e inaursnce pr~emimn) ii they are held by the Federal Housin~ ComnaiBSioner,
aa foUowa:
(z) I! snd ~a lo~ a~ ~aid note oi er~ date and this instrumeat are iarnred or ars reinsored m~der tLe
pro~idon~ o! tbe Nstional Honsing Aet. an sawnnt snl~dent to soemm~late ia tbe hands oi tbe ~
ont (1) month prior to its dne dste tbe aanual ~~~ranoeC~~m~p~rnm, in order to p~o~ride sn~
Lolder with lnads to pa sneh yremium to ths Federal pnrsoaat to tbe Nstioaal
H Ad, u~~ aPdat~e
s~nd~l~in~tsamen~be~d~ tbs Fedesal Houdns Ca~muiis-
~ (II) It and~ as ~aid note oi e~a
afoner. a mon~y ~(in liao ot a mo:tsa~s iarusana pi+emiu~~ wLieh absll 6e ia an amonnt •
eqoal to aa~~tw~dit~ oi one-hal! ('l~ ) Per oeatnm oi ths a~rerage ontdandinY balanos dns a~ t6s
note ~anpnted witbont taloins iuto a~eoonnt ddinq~e~eia or prepa7~~;
~ (b) A snm eqwl to the ground renta, if say, nest dne. plns ffie pre~niums thst will ne:t b~
doe andp~yable on policiea oi lire ~nd other hasi?rd insurance eovering the mort~ed P~P~Y. Pl~
; t~u~~es ~nd asseasmenta ne~ct due on the mort~ag~ pr+operty (all ss estiaoated by t6e mort8ag+ee) leas
; ai! wms already paid therefor divide.d by the number. oi montha to elapse before one month prior
~ ~ to t6e dsts when snch ~round renfa, pr~niums, tszes, and asseasments wiU become delinqueat~ auch
~ snms to be held by mort~ee in trust to psy said ~mund rents. Premiuma. tazes. and spec.ial aseess-
, me~nta; aad .
- (e) All ~nts mention~d ia the two preoedin~ aubsectiona oi th~s psr~graph snd aU p~y- .
menta to be nu~de under the note aecured hereby ah~ll be added to~ether and the te amount
' thereui shaU ~be psid by the nart~s~r ea~ch month in a aia~k pqyment to be a;~ the mor~
=siee to t6e followin~ ite~ns in 'the order aet iorth:
' (t) Pr~mimN eh~r~r aoder tba eoatraet ot imnraaa with t~ F~deral8oodns Caa~i~daae:. or monthl~ •
; - du (ia lie~ a~ ~sort~p inwnnM pre~aima), ~s tbs aN ma~ bs;
~ . (n) ~raits, t~es, ~a~anrnts, IIre. aud otber basard iawr~neo premiams;
£ ; (m) tered ap t6e Aot~ ~seured i~e*eb7: aad
(tt) aawttkatios a~ t~ priudpal ~ said not~.
; A~? de~id~r in the amount oi anch a~re~ste moatWy ~rme~nt ~shall, unlees made ~ood by th~
_ ; p~ior to the dne date oi the ne~ct wch ps~rmeak oonstitute an event oi defsult onder this mor~
5 ~~~a~~~e.e mort~a~ee map a~lkct s"Iste char~e not to esoeed two oez~b for each dollar (=1 0~
~ i e~eh pqra~ent more ttun fffteen (16) d~?s in arresra to oover t~ eztrs e~cpea~e invo~~red in haud~ia~
' + . delinqneat PiU?n~?ts.
~ ( 3. T6at ii the t~o~tal oi the paymenb made by tbe mo~a~or ander (b) oi psra~rapb S pero~dins ahall
€ ~oeed the ~uoaount oi psyments ~ctuaily msde by tbe aart~a~ee. ior ground »q~a. ~~~ed _ b'
~ ~y~
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