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Pbs Vi?t.vs R~c~v~ tlre nadersi~ned promise(a) f+o P~U? bo ~ .
- - ~ ' S'1`0"k'1'(~i ~ ~,T,~iTI~r.'Y~ ~JYI~T d~ Ca''TAUY
. a o~rporation o~ni:ed and existin8 uader
the laws oi State of Florid~? . or order~ the prlnctpal sam oi
~ Tl~RT~T THOUSAND~ TfdO HONI1Rn FIFTY ~ 00/10(~ Dollara (i 13,2y0.00 , ).with
interest i~rom date at the rate oi tive & one-fourth pe~ oentuni ( 5,; 96) per
annum on t2~e unpsid balsnoe witil psid. The eaid principal snd interest ahall bs p~ysble at the ofHoe oi
~ ~ srocr.TaY ~~:.m~t, nbv~ ~ ca~~aa~r
in dacksonville, Flo~da ~ . or st a other place as the
hdaer mt~y desi~t,ste in writtn~ in monthU? installments oi sEV~TY-xI2~ & 5o~i
c?o
Do11us ti ?9 • 5~ co~amencina on the ~rat day o! JTRjrs .19 6~ ~ and
on the ftrst day of eash month thet+eatter anta'1 the prlncipsl and intereat are full~ psia. exoept that the flnal
~ p~rn~ent oi the entire indebtedneas evidenced hereby, if not sooner p~id. sbaU bs due and p~yable on the
tirst d~y oi I•:~.Y ~ .18 g9 . -
~ Ii det'a~ilt~be nude in the p~yment oi aqy inataUment under this no and ii such deiault is not made
~ood prior to the dae dste oi the next auch installment, the entire prlncip~ snm ~d aecrued interest shaU
st onoe beoome due and pmryaWe without notice at the option of the holder oi this note. F~lure to exercise ~
' tbis option ahall not oonstitnte a w~iver oi the ~ht to ezercise the same ia t6e event of aqy subsequent
~ default In the event of default in the p~ayment oi this note, and ii tbe asme is oollected by an attorney ~
st hw~the nnderaigned hereby uree(s) to p~ay aU costs oi c~oUection, i~~cluding.a reasoaable Attorney's fee. i
~n~k F~~k snd not~os are 6ereby ~aived. .
~ . __f::J Russell F. 2iewick _ 4
~ . ssel'~~teFric~ ~
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lEl Edna ;1. Nexick ~
e ~
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And shaIl da~. p~, and fnlb pertorm. dtschar~e. esecnte. eSect. eaaPlet~. a~ oomply atth and ;
abide b~ ~ch and stiPnlatio~'~s. ~re~nents. oonditions. snd ooven:nta oi aaid promiasory note :
~md ai t6is morts~tM.~-this mort,~a~e and the estste hereby crested s~uU oease and be nnll and void. :
And the nno~rt~a~or inrther oovensnts as foUows: ~ - `
r
. L T6at he w~ll p~y the indebt~edneas. as hereinbefore p~+ovlded. Privile~e is reserved to p~y the
debt in whole, or in an anno~mt equal to one or more mont~h~jr psynn~ts on the pr~ncigal th~t are next due ;
; on the note. on the 8rst dsy oi sqy moath prior to mstnrity : Provided. however, that written notice of an ~
intention to exercise anch privilege is given st leaat thirty (30) ds4ya prior to prep~,yment; and. provided ;
inrWer. that in the event the debt is paid in full prior to, maturity and at that time it is insured under ~
the provisions af the Nationsl Honaing Act, he will psy to the mortgag~ee an u~juated premium charge of
c
one per oentum (196) o! the original principal amount there~i~ e~ccept that in no event ahall the adjusted
premium ezeeed thea~ge~egate amount of premium c6arg~ea which would have been p~yable if the mort- ~
sage had oontinued to be insw+ed until maturitr; such payment to be app~ed by the mortgagee upon its
obligation to the Federal Housing Commisaioner on a~ocount of mortgage insurance. ~
2 ZUsk in order more inlly to protect We security oi this mort,~~e, the nartsa~or, together with, ~
and in addition to, the mentlil,y payments under the tenas oi the note aea~red hereby. on the lirst da,y oi ~
e~ach month nntl t6e aa~id note is i~lly p~aid~ w~l p~ay to the mortgag~ee t6e folloaia~ sums: ~
-(a) An anwnnt wt8cient to provide the holder hereo~ witli fimds to pay the ne~ct mortgag~e
insnr~wce pr~nium if this instrument and ~e note aecured hereby sre inaured. or s monthl,q charg~e '
(ia lien of s mortgag~e inanrance preminm) i! they are held by the Feder~l Housing Commieaioner~ I
as followa: ~
(t) If sad ~o loos as uid note of e~ date and tbis indrnmeati ars inwred or ars reiasared nnder the I
pm.;sioos oi the Natiw~sl 8onsina Aek an amo~ant ~ent to aoeamnlate in tLee hands o! tbe bolder ~
one (i) moa~th prior to ib due date the ai~nusl~r~a~ in~uranos premiuny in order to provZde sncb
~ holder with innds to pai s~od~ yresniam to tl~e Federsl~onaint Commiasio~er pnrsuant to ths National
' H Aet, u ame~?ded. aad wPplid?bls A~ulstlo~s tberanoder• or
~ ' (u) Ii and~ as nid note of eren date aad thu iadrameot ars be~d tbs Federal Hondng Commii-
~ioner. s mo~~r ~(in liea o! a aartgaas insorane~ premim~~ wliieh shall be in :ur amount
equal to oae-t~r~elith ot onrhali (~Xe ) per ea~qma oi tbe a~era~e oabtandins b~lanoe dus on the
mbs computed witbont tshins into aeeounL delia~quen~3e~ os Dr~s7mmb:
p.~
` (b A snm equal to the gronnd rents, if any. ne~ct dn~ plas the prpaniwna thst will next become
€ dne p~yable on policiea oi tire and other hasard inaurance ooveriag the mortS'a8~ ProP~Y. Plua
tases and assessmenta ne~ct due on the mortgaged Property (ill as estimat~ed by the mortgagee) lesa
; aD sums alratdy paid therefor di~ri~d by the number. of montLa to elapse beiore one month prior
to the dste when snch ground renta, preiaiums, taues, and asseasmenta vv71 beoome delinquent, such
sams to be held by mortgagee in trust to pay aaid ground rents, P~miums, t~ucea, and special asaess-
~ . menta; and
; ~ (e) AII psymenta mentioned in the two preceding aubsections oi this par:graph and sll pqy
meats to be made under the note secured hereby ahall be added to~ether snd tLe te amonnt
E t6e~+eoi a~l be pa~ by t6e a~rtgag~or e~cb nwnth in s s~e ~p~y~t to be ~ th~ mor~
k sa,~ee to t6e iollowias it~ems in t6e order set lorth : _
r (t) preo~tam eLsi`es nnder t6e eautraet oi insaranes witb tLs Federal Hoodns Commiad~er, or monthl~
~ - (in liao o~ mortas~e insuranM pre~mium). a~ tl~e ew ma~ be;
~ ; u reat~ tu as~am~tnt~,llre. and other l~asatd insaraae~ preosinms;
~ i (m terat oe tbe no~ts ~eenred hereby; and
, ~ ~ (t~~ amort~stioa oZ tLe ~rindpal oi a~id note. . T• .
~ ~ . An,~ det~dency in the amount of such aggregate monthly ~yment shall. anlen made g~ood by the
~ ~ p~ior to the due date of the next snch pa~nenk eonshtnte an event oi defauit under this mort-
~ ~ ~ mortgagee may oollect a"lste charge aot to eu~eed t~vo eeab (?.~j for each doQ:?r (ai) o!
` ~ch p~y~nent more than fliteen (ib) daya in arrears to oover t6e estra espenee involved in handling
~ i delinquent p~,yments.
~ I 3. T6st ii the total oi the paymenta made by the mortgagor nnder (b) oi psragraph 2 preceding shall
~ ; e~oeed the nraunt of psymenta actwlly made by the mortgagee, for Rrouad rents. taxea and aaseaamenta
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