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PbR V~u.us ~vso,~ the undeni~ed promiNts) to P~u? to~ ~ ~
nrico ~c~. oo~sa~u?ria~ ~ ~ ~
~ , a oorpor~~on orpu,isea ana estst~und~r
the 1~?ws oi Dsla`tars . or order. the prlncipsl wm oi ~~ttasn t onaattd
aud lio/~00 -------------•--------•----•--••-DoW~rs (~15,000.00 ).with
interest iraa dste at the r~te oi lriva~ona-quarter pe~r oeatum ( S} 9~) per
i11tlUIIl OA ~le IIUp~Il~ ~~t10e WINI ~~a. The said prlncip~l and interest shall be p~ysble ~t ttre ~los oi
~ ATICO F~a~1i l, Florida~ , or atsuch other pliooe ~s the
holder m~y d~ig~ute In wrlt~ng. in monthly installmeats o~ ~~gbty t~?~o and 95/'
100
Dollua (i 8Z . 95 oommeacin~ on the lirst day oi 2~l~a~y .18 64 . and
on the tirst d~y of each neonth ther~eafter unt~l the principsl and interest are inUy paid. eoooept tlut tbe ftnal
pqyiaertt of the cntire indebtedneae etridenoed hereby~ ii n~ sooner p~id~ shaU be dne snd p~yable on the
lirst day of April ,19 94. .
Ii default be n?ade in the p~yment oi auy instsUment under thia no ~u?d i! aucb default is not inade
sood prior to the due date of the Aext auch instaUment, the entlre princip~ sum ~d ~txrued interest ahaU
st onoe baw~ne due and p~ayable without notioe at the~~ oi the bolder of this aote. Failure to exercise
this option shall not oonstitute a waiver oi the ri~ht ~o exerciae the s~me in the event o! sny subsequ~t
default In the event af default in the p~yment oi this note. and if the ssme is eoUected by sn attorney :
at l~w, the underaigned herebY agree (s) to p~Y all eoats of ooUectian, includin~, a rewsonabte ~?ttorney's fee. }
~ Preaentment, proteak and notioe are hereby watved. _
(State Doav~entary 3taop~ a/•Zovia~L. Lea~~r ~SFJL~
aff i~ced to original nots and Louia l.. Lea~sr
cancelled . )
a,~ Ceii p,, i.~:~ [3EA2.)
. ~ - . ceil a, I.easer
And sbaIl dnly. pe+om~
. snd faDy? Pe~'io='m. d~Cbsrse. ~e~, ~P~~. and compi~r with and .
~bdde by eacb andev~r~? the atiPulations, a~re~ts. oondl~o~ns. and ooveaants of said note
- and oi this aart,p~. then this mor~a~e and the eatate hereby created ab~ll
ce~se and be nall ~ro3d.
And the nartsasor turt6er oovezunta as follow?a: .
1. Tbat he wiQ p~y the indebtedness. as hereinbefore pr~vlded. Privile~e is reserved to p4y the
' d~t in wbole, or in an amount equal to one or Ynore mont6ly p~yiaenta on the prIncip~l thst are ne~ct due
; on t6e note, on the Brst d~1r oi sqy nwnth prior to msturity: Provided. however. that rvritten notioe of an
intention to e~ccerciae sach pdvilege ia givea st least t6irt~Y (84) dsys Prtor to pre~yn~ent; and, provided
inrther. t6st in the event the debt ia p~id in iull prior to, msturIty and at thst ~ime it is inaured tmdar
the pruviaions of the Nstional Houains Act, he ~vill p~y to the mortguee an adjusted premiam chsr~e ot
one per oentam (196 ) of the original prindpal smount thereof, euo~pt that in no event ahaU t6e adjusted
premium euceed the a~g~reaste amount oi premium charg~ea ~rhich would hsve been p~yable ii the mort-
~
gs~
ta'~on~o
~
~enl H ured nnt~ m~turib': snch pwynne~it to be applied by the mort~agee upon its
ousing Commisaioner on aooount of mort,~are insuranoe.
' 2 Thst, in ord~r more fuUy to proteet the security oi this mortg~ga, the mort~ag~ur~ together v~it6~ '
. and in ~ddition to, the menthly s; ts nnder t6e terms of the not~ se~ur+ed hereby. on the flrst day oi
mrch ~anth tmtil the aaid note is iuUy
Paid, M?~71 p~y to the mortgagee the foUo~rins sums:
! (a) An amount anBcient to provide the holder hereoi with funds to pay the next ntortgs~e
~ insursnee premium if this inatrument and the note secured he~reby sre insnred~ or a C~~char~e
(ia li~.w oi a mortgag~ insuranoe premium) ii they are held by the Federal Honsin` oner.
as foUowa:
' (t) Ii and ~o la~ ~a s~W aote oi eren date snd tLis in~ttoa~eat ars insnred or ars t+siawt+ed ~ tLe
pio~isio~s oi t6e Nstionsl Hoodns Ad. aa amonnt aomeknt to aeenmmlate ia tbe 6apds o~ tlie bo~der
one (1) moatb prior to it~ dos date tbe aanoai a~oitsa~s~~ranaC~~~~~rnm. in order to pro~ide weh
' i bolder w~th innds to pa~r soeb premiam to tl~ Fedsrsi H pnrsuaat to tlie N~tioosl
~ H Ad. as ammded. aad s theraunder• os
~ : (tt) u aud~ as s~W note oi e~p~
a~~in~t Rte l~d t~s Fedaral Ha~a~ ~oa~mb-
a3oaer. a aan ~e (ia lien ot s mortprs iwuraao~ pren?i~~ wlitel~ ~sll b in an aaaaat
~ ; - equal to ~aefi~ (~is) oi ~(~Ne ) Per esntam of t~s sv~era~e onbtao~n~ bala~e dns aa w ~
~ ~ nots aompnted witbout taldnz into aaeoant delinquaides ~ ptepyrmewb f
~ ! .
4 (b A anm equal to the ~round rents. if any. ne~ct dne. plns the prezniums thst will neut beootne
~ ~ dae ~~yable on policiea of l~re snd other 6~rd insurdnoe oovearins tl~ mort~ed ProPertY. ~1~a
r ~ tsus and aaseasma?ts ne:t ane an the morta'+~edproPertY (sll aa estimated by t6e mortsa`eej ~ess
~ ~ aU snnu ~lready paid thereior divided by the number. oi montUa to elapse betore one month prior
to the d~te when s~h ~ro~ad reuts. Pr~nium0. taxes. and assessments will beoome delInq~eat, snch
~ ' sums to be heW by mortga~ee in tcuat to P~Y ~ S~ Pn~~s, snd apecial a~seas-
~ ~ ~ ~ ~ . -
s ~ (o) AH b mentioned in the two Preced~?S aubsections ot t6js psra~raph ~nd a11 p~.
aknts to be n~nnder the note secured hereby ahall be added to~ether end the te amount
thereoi ahall be p~id by t6e aartga~or emch month in a sin~le psyn?ent to be ~ the morw
~ ~ ~~ee-to the iollowin~ items in the order set forth:
p (z) Premiom ebsraas nader tbs eoatraet c~ inmr~ae~ with t6s Federal Hoodnr CAmmiasioaer. or eaoutbl~
_ . , ~ lisa af mort~a~e inwran» pnminm) ~ as tbe eass mny be;
tuea. areasmeAt~.llt+~. aad oiher La:ard iasuraaee preaniaar;
` (m t~nd o~~ aob ~eeared ; snd
~ . (n~ sa4orti~stioA oi tbs p:iaeipai ~ note. -
Aty deliciencY in the amount of anch s;ggregste montlily ~yment shsil, nnless made ~ood by the -
~ mo prlor to the due date o! the next such pa~rmeat, oonatatute sn event oi deiault nnder this mort~
~ ~~e mort~a~ee may oollect s"late char~e nat to exoeed trvo ceuts (2~) for ~ch dollsr (ii) o!
e~ paymt
eat ~~th~n Biteen ( lb) dsys in srresra to oaver the rr,uctrs e~cpenre invohred ia ~ndlint
~en P~J?~
3. ~ Thst if the tro~tal of t6e paymenb made by themortga~or ander (b) o! P~aP2i ~ P~~t ~
• e;eeed t~ anaunt oi pa~yments actwlly made by the mortga~ee. for ~round rents. taxes and aaeesa~menb
i
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