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Iroe Va~.vs Riocav~r tlre uadersi~ned Proo~i~~a) ~o p~1T ~
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9TOCL'!'~~ YSl?~+SY~ ~?9~ ~ C~T ~ . ~
. a co~po~tiaa o~rpni~ed and existtrs ~adsr
the lsws oi S~sls at Floa~ids . or order. the p~tncipal am ~
'11iSLiiS T80~ND~ '11i~0 S~D~D d~ 00~100 • • • • • • DoWur~ 12~200.00 rvith
interest iro~a date at tt~e rate of !'in ~ oe~s~aorth ps! centum ( 5} 96 ) Per
annum on the unpaid balanoe nntil psid. TAe s~td prtncip~l and interest shaD be p~yabie at the o~oe oi
~ ~ATI~fC~ D~?9IF d~ C~AlR ~ or at such other place as the
~ Jackson~ille~ Fl~ori~
holder m~? desi~aste in wsttin~ in nant~hly installmen o! ~"i•~BV~ ~ 47/100 w•--
Dou~rs (i 67 •47 oo~nm~dn~ on the tlyd a~y o! aprsi . ls 64. ~nd ~
' on the f~rat d~? oi e~ch nanth therestter nntil tbe prlncipai and inLerest iu~s iql~? Paid. e~ooePt t~u?t the nnal
p~yment of the entire indebtednees avId~oed hereb~. ii not aoo~aar p~id. sh~ll bs due and p~ysble on the
tirst da,~ of Ke~rah ,18 94 .
I! deisnlt be m~e in the p~yment of sa~? instaUmeat m~er this ta~,e~ and anch default is not made~
=ood p:ior to the dne date of the next auch iastalhaenk ths entire prtncipsl aum and aaaved inter~t ahaII
st once beoane dne and p~y~We without nottoe st the o~tion oi the holder of tlds note. l~ilnrs to exerciae
this. option a6aU not oonstitute a w~iver oi the rI~ht to ezercise the s~rne in the e~vent of ~ny anbsequent
defiul~ In the event o! default ia the p~yment of thia n snd ~f the atine is ooUected by an sttorne~?
at l:?w. the undersi~ned herebY ~ree (s) to p~y ail oosts oi co~l~ection, inclndi~o~ a re~sos~ab~s attorney's iee.
~ ~ ~ Presentment, P~'otest, and notioe ~+e hereby waived. ~
. ~
. ' ~ da~es d. 4aad~er $~de ~ . 1
. . ~
1s/ Bieanrar Yander ~+de -i
E'leeriar Yand~er $~de
And sbaIl dab. . snd i~olb Perlm'm. ~rg~ e~cecute. ~ect. oomP~ete. ~nd oomp~,y with aad •
al~de b~ ~sch aade
~per~ t~e atipalat~ons, agree~nead~i~~ c~a~dit~c~ and oove~ants of ssid p~omisaor~r note
and oi tLis mortsa~, thm thia mortg~e and tl~e est~te hereby crested siiaD oease and be nnII snd void.
And the mort~a~or further o~reaants as ioUows: ~ ~
1. Thst he wiII p~y tha i~niebtedaeas. as hereinbeZore p:+~vided. Prlvilere is reserved to p~,y the `
debt in whole, or in an ~tmount eqaal to one or more month~y payments on the parincipal tbat are nezt dne . ;
on the aote, on the ~rst da~y of sny month prtor to maturity: Provided, l~wever, that writt~t notice oi sn ~ t
3qtention to ezercise auch prtvilege is given st least thirtY iS4) ~Ya P~ ~ P~~U?~?t; ~a. P~~~ i
inrther, that in the event the debt is p~id ia~fnll pr3ur tq mstnrity snd at tbst t~me rt is insured nnder
the provisions of the Nationat 8o~isiag Act, he w~l p~y to the mortg~ee an adjnsted pre~nimn cbarS~e a~ ~
c~e per oentnm (196) of the original principal amount ther~eof. e~ccepR that in ao eve~nt sb~tll the adjaated
p~nium eacceed the ggre~ate anaount of premium c1t~r~es ~rhich would have beea p~yable if the mort- ~
g~g~e had oontinned to~ be insnred nntil matnrit~r; aach paymmt to be appl~ed b3? the mortgag~ee upon its ~
obligstion to t6e Federal8ousing (~mmissioner an ~ooonnt oi mort,~x~e insuranoe. ;
I
2~~ order more iully to protect the aecaclty o! t6is~n~ort~e, the mortga,~or. together v~I ~
and 'm addi to. the menthly s; ts nnder the terms oi the note aecnred hereby. on the 8rat d~y i
ea~ch month untll t6e a~~d note is i~P~id. w~l p~ay to t6e mort,~~ee the folbwins smns:
~a) ~~t-~«~t tQ p~~ae t~e baa~ n~eoc ~t~ ~aa to ~.tn~ n~•mo~ '
insannoe premium if this instrument snd ~e note secnred hereby ~+e insured. or a monthlY ci~u'Se
(in lien of a mortga,g~e inaurdnoe premium) if they are held by tbe Federal Housing Comnniasioner,
~ aa folbws:
~(i) It and ~o lo~ a~ ssid nob ot evra data sad tbis instsamast are i~ared or srs reinanred nader tLe
pru~iaions a? tbe Nstionsl Hondns Aet? ;n aa~oont snmde~?t tu ~eenmdate in t6e bands o~ tbs ho~r
- u~e (1) ~th psbr to ib dag dats tbs aanoal aa~~i
~r~noeC~~~~em, ia arder to prmride ~oeh
; holdsr ~i~innds to p?7 premium to !h's Fede~al pnraoant to t~he Idatianal
E - H Aet, as am~ed, and s~ ~~~a~s tberauadtr' or
~ ~ (a~ u snd~ as a~d no~e of a~ aad in~t us be~d bt tbe Federal H
; daner. a nan ~ar~ (in lian oi a arort~a~e iawsanes premi~~ wbieh a1u~11 be in an amonnt
~ ~ eqnal b~ aae-t~t~ (~KS) oi ana~aK P~r esa~mn o~ t6e a~a~e o~n~n~ bala~a dns on t1~e
. . nots oompnted witlaat takin~ into aeeoant dalinqoeaei~e~ or pre~a~noena•
x
~ ' (b A wm eqw~l to the gramd reuts, if a~. ne~ct due. Plns t6e preminms thst w?ill next bwo~ne
~ doe p~y~
k on policiea of 8re and other hazard insuranoe cove,rin~ the mortSaBa1 W'uPerti?. P1us
~ tauces-and -is~snnents rie~ct dae on the nwrt~ed property (aII as estimated by the mortgugee) lees
~ aD smns already paid therafor divided by the mm~ber of nantha to elapse before one taonth prlor
; to the dste whea aach ~ronnd reuts. pa~ninma. tazes. and assessmenta will beoome delinquenk such
sums to bs h~d by mortga~ee in trnat to ps~y aaid g~n~ rents. Preminrms, tazea, snd special aasess-
meat~; and
(e) AD b mentioned in the two preoeding aabsections oi this p4ra,~raph sad a11 psy-
me~?ts to be n~
er t6e nott s~cared hereby shall be ~ to~ethe~ and the te amount
` ~ tl~ereo~ s6aU be paid by the mortaa~or ~ch month in s ain~le p~nnent to be ap~~ the mort-
~ ..s~ee to the ialb~ itema in the order aet lorth:
~ (i) Pr~mias~ ebsraes nnder ths oootrae! o! insoss~ witL tL~ Federal Haodss C.am~aiadaner, or montW~
~ - (ia liw a~ aartsace inrun~s premi~n as ~!Le ea~s ma~ bs;
(tt s~re~b. taxei' aNes~ents, Ar~, aad otLer ~ard iasoraaee praei~ar;
~ ~ i~ terert aa tbe o!
~ noRR.
e n amorWatlon c~ tbs
F A~1 de~C7 in tLe amom~t ot such aggre~ate monthlyp~ym
ent shsU, nnless made ~
n o d b
y t
h
e
~ t~or p~Ior to the dne dste oi the~n~xxt anch e~k a~stitnte an ev~ent-oi dd~wlt nnder th3s mor~
aX~ -~'he aart~a~ee ms~ oollect a late dh~u
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t~~thsn liit~ea (16) days in arreara to oover the atra e~cpense involved in han
That ii the total of the p~menb msde b~? the mort~a~oe~ ander (b) of p~r~taph 2 preoedin~ shall
~ e~eeed the amount oi v~yrr~tnta sctuslly msde by the mort~sgee. !or grouna rents. taxes snd ass~smeat~
' ~ OM.'x - oJ ~1O
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