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I~I1R ~IALOB A~C~YED~ thA 1l~ld~t6la'11!'d p~0~3~(s~ 1A j1~ ~O ~ . , _
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ATIC.O FINANCIAL CORpQRATZOI'1
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, a oorpontion or~?nised ~nd exiati~r under
~ ~ ~ DelaWere , or order. the pr[ncipni sam oi ~even ttiousand one ~
~ hundred fiftq and No/'L00 ----------------••~Dattu~t~~ 11,150.00"
interestirom date at the rate oi FivR -one-quarter pet' centua? ( S~ 96) P~ t
~nnum on the un{raid balanoe until paid. The esid principsl u~d interest ahall be pqy~ble st the oBoe oi ~
ATI~70 FINANCIAL OORPOItATIOiN ,
in Miami 1,' P'lorida . or st such other pliu~e as the ;
holder may deaignate in writinQ. in monthly inatallmeAts ot S Lx ty oAe and 66/~ 00 '
Dollara 61. 66 commencing on the flrst d~y of June ~ 18 64 . and i
on the tirst day of each month there~fter until the principsl aad interest are fully psid. exoept th'?t~ flnal '
puyment of the entire indebtednesa evidenced hereby. if not sooner paid. ahaU be due wd payab e on the ;
8~~at day of 1~IaY ,18 94• ~ , ~
It~def~ult be made in the payment oi any inatallment under this note and ii auch default is not made ~
~ood prior to the due date oi the next auch inst~tllmen~ the entire principa~ sum and ~crued interest shaU
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t o
n
c
e b e
o o
m
e d u
e s
n
d p~
yable without notice at the option of the holder of thia note. Fuilure to exercise ;
thia option ahall not conatitute s w~iver of the ri~ht to exercise the same i a t
he even
t o
i aqy su
b~
e
quen
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default In the event af default ~n t1?e PaYment of this note. and ii the aame is oollected by an attorney ~
st law~ the undersigaed herebY agree (s) to p~y all oosts of oollection, including a reasonable attorneY'a iea
~ Presentment, prot~t, and notioe ~e+e hereby w?atved. '
(Stete Documeatary Stamps ,a~, o
affixed or original note Cuma E. Svans, e a Cume E~ran~
~ and cancelled. ) _
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Aad ahaD du1Y. P~~7. ~~b P~o~. dischuge. exec~te. eftect. oamPlete. snd oon?Wa? with snd
sbide by each aud every e atipulateona. a~greements. conditions, and ooven~ttta of asid pmmisaory note
` and of this mortgag~e, then this mortgug~e snd the eatate hereby created shall oeaee and be nuU and void.
' ~ And the mostgaSor fnrther ooveamnts as ioiloa~a: -
1. Thst he wlll p~? the indebtednesa, as herejnbefore provtded. PrlvIIeg~e is reserved to PzY ~e ~
debt in whole. or in an amount equsl to one or more monthly p~ynaents on the princip~l that are next due
on the note, on the tirat day oi any month prior to maturity: Provided, however, that written notioe of an
~ it?tention to exercise auch privilege is Biven at least thirtY (84) dsys Prior to prep~yment; a?ad, provided ~
~ fnrther~ th~?t in the event the debt is paid in iull prior to, matnrity and at that time it is insured under
the provieions oi the Nutional Housing Act, he will p~y to the mort~agee an adjuated pre~aiwn char8'e o~
; one per centum (i~b) of the original principal smount thereoi, except that in no event shaU the adjuated
! premium e~cceed the aggre8ate amount of premiuin charges which would have been payable if the mort-
. gage had continued to be insured until maturity; st~ch PaYineat to be applied by the mortgagee upwt its
obligation to the Federal Housing Comraissioner on axount of mort~sg~e insanu~ue. '
~ ' 2 That, in order more fuUy to protect the secucity of this mortgage. the mortSagor, tog~et6er wI{~,
~ and in addition to. the menthlypaym ents under the terms of the note secured hereby. on the Rrst day o~
' 8lIC~l IIWA~1 UA~ ~l~ SAid AOtC la fully p~aid, w~l pay to,the mortgugee the following aums: : ~
(a) An amount su~cient to provide tbe holder hereof with funda to pay the next mortgag~e ;
inaurance preraiu~n ~if `~iia' inatrument and the note sec~red hereby are inaured, or a monttily charB~e
; ~ Ein lieu oi a morEg~ag~e insurance premium) ii they are held by the Federal Housuig Commiasioner.
~ . , as followa: • ~
(t) It and s~ ba~g a~ ~aid noRe oi even date snd tLis instrumeut are inwred or ars reinsnred nnder t~he
~ ~ prnviabns of tlie N~tionsl HondnB Aet. an amonnt sumeient to aoeamulate in tbe hsnds oi tbe bolder
~ one (i) month prior to ita dne dste the snnw~l mort6sge inwnnos Pnmiwr?. ia order to provid~ snch
, halder ~rith innds to pai s_neb preminm to the Federai Honsins Conm~isdoner pura~ant to tbe National
E t ' . Houdna Aet. as am~d, and appliesbls $e4alations therean~r• or +
~ (n) It and ~u lon` as said note ot e~a, date and tlua indrume~t sre l~d b~r t1,e Federal Honsing Commii-
; sioner. s mon~1~r~s~e (in lien oi a moit8s~s iawr+t?es P~o~n) wl~eh sbsll be in an amonnt
E 4 • eqnsi to one-twelitl~ (~is) oi one-l~al! ) P~r oeatum oi tLe aversge outs~ndin8 bsl~t~ee dns on the
~ note oompnted without t~kina into aoeonnt ddfnque~id or PrepaYm~tt+: ~
(b) ~ A sum eqnal tfl the ground rents. ii any. next dne. pins the premiams that will next beoome
~ ~ dne and'~ayable on pulicies of flre und other hasard insursnoe oovering the mortgaged property. plus~ ,
~ tsxes and asaesamenta next due on the mortgaged property (sll as eatimated by the mortgagee) less ~
E ap aums alre~dy paid therefor divided by the nwnber of montha to eiapse before one month prior
to the dste when auch ground renta, premiums, taxes. and asaesaments wlll beoome delinquent, such
~ ~ swns to be held by nwrtgagee in truat to p~?y asud ground rents, premiums. taxea. and apecial asseas-
- . ~ menta; ~nd ~ '
` "(c) A11 pa nta mentioned in the two preceding sub~ections oi this~psraersph and aU ps,y: .
- ments to be e ander the note aecured hereby ahaU be added to~ether and the te au?ount
s . thereoi shsU be paid by the mortgag~or each month in a single payment to be ap
'P~y the mor~
~ ~ ~ sa,~ee to the iollowiag ite~ns in t6e order sct iorth : ~
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(t) Preminm el~srge~ nnder tba eo~tratt oi insnrares w[tii tbs Federal Hondns Coeomi~doner. or awatl~
~ . ebar~e (in lien oi mottsa~s insaran~s premiwn). as the ea~s ma~ be: .
• ' (u ~eound rent~. tasei. aa~nme~nta.lh'e, and otber hwrd insnsanoe praminn~:
~ ~ (m interest oa tbe note ~eeured bereb~r: and . .
~ (n amort~atbn o! tbs priAeipsl o~ pid note.
Anp deikiency in the sanamt of snch aggceBate monthly ~syment ahall, unless made good by the
~ mo ~or prior to .the dne date of the aext auch en~ o~nahtute ~n eveat of ddsnlt nnder this mor~
~ sa~e.~~ Tt~ mortga~ee n~Y a,l~ct s"Iste clku ~ tat to exceed ta?o cents ior esdi dollar (;1 0~
. ea~ch pwynnent more tlu~n flitcen (15) d~ys in arrears bo oover the e~ctra ezpense involved in hand~ing
. ddinquent p~U?ments. •
~ ~ 8: That ii the t.ofi~l oi the paymeuts nuWe by the mortgagor under (b~ ot puagraph 2 pr~eoedint shall ~
; e;ceed the arnount of paYments actwlly m~rde by the mortgaBee. for ground rents. taxea uid assea~menta
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