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Fb~t VALU~ ~ ~ P~ is~ ~ P~~ ~ ' ~ .
S2'0(~T~6~, ?J~IATLSY, 1a~IPIK & COt~~AY ' .
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` . a corpo~r'ation or~anised ~und e~dstiin~ nnde~r
tbe Lws oi State of F1ori.da _ or order, tha princip~t awn of ~
. "VIIi TI~QII:~D~ 0~.~:E HUN~c't~ de ~O~t00 - - - - - - D011lza ~1,100.00 . with ~
' interest from date at the rate of five ~ one-fourth pa~r centtma ( 9i ) per ~
5~.
~nnwn on the unpaid balanoe nnttl pstd. The said principsl ~tntl in~eraat ahall bs p~y~u~ie a~ ~ie ou,oe ~i
. s~ocx^.cbv, ~~aTi.~c, ~:vu~ ~ co?~at~r ~ ! E
~ Jacacsonville Florfda at stich other pLtoe ~s the
bo2aer m~ty aeaig~te in .?ritin~~ iu moi,t~hl~i? ~nawLnenta at szxT7r-ociE do 3e/~.~JO - - - - - - - - . ; }
Dollsra (i' 61. j8 on the 8rst d~? a! JI~IF .19 64 . snd
. on the flrst d~y of each month thereaiter nntil the pri.ncipsl and intierest are tnl~j? Paid. eoooept thst the flnal .
payment of thv entire indebt~dneaa evidenced hereby. ii not sooner paid, shaU be da~e ~nd p~ysbk on tbe =
~ ~t ~3? ~ I~.'1Y ,19 g~+ . - ~
If de~anlt be made in the p~rment oi any inataDment under thia no snd if sach deisult is not m~de ~
~+ood prior to the dut date of the next auch instalLmen~; t~he ent~ prlnci~ aum and aan:ed interest shaiII ~
• st onaa beowne due and p~yable without notice at the opt~on of the holder oi this note. Failure tio exarcise ~
thia tion shall not constitute a waiver of the right to esercise the aaa4e in the ev~ent af any suba~qnent ~
en
dei k In the event af defnult in the paymeat of this note. and iE~ the same is collected by an ~?ttArne~?
at law~ the underaigned herebY agt`ee (s) to p~y a11 c~osts af oollectian, inctuditt~ a reasonab~e altoYaey'a ie~ ~
~ , Preeentment,~prot~est, snd notiae are hereby waived. ~
' ~ ~ ~ .1s1 ~iilton J. AuthzJr: .
. 1~If ltoa J. ~ut~h, Jr.
; , . Betty L• ,~3~ ~V _
` ~ ' ' ~ Betty L. Auth `
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~ And sh~lt datls P~'~~p fally pt~rturm~ dischar~e. e~cecut+e? eSect, eomplet~e, and COmp~jr wiul stid
~ abide b~ esch andevery t~he atipulations, agreements. eonditions, and eovanants oi said ~.~ssor~ note
i ~nd of this mo
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` And the m~ortgag+or lurther cove~tnts sa faDowa: . .
~ 1. T6at he w~l pa,~ the indebt~dness, sa hereinbe!_~re providaL Pirlvile~e is reserved to p~y tne
` '~bt in rrhole, or in an amount equal to one or more monthly p~ymeats on the prlnc[pal that u+e nezt due -
on the note, on the ~rat day of a~y month prior to matnrity: Pro~vided. however, th~t ~writtea notioe of aa
intention to esercise snch priviiege ia given at teaat thirty (30) d~ys P~Ior to ~t; and, ~+avk2ed _
fnrthet, tbat in the event the debt ia paid in full prlor tq matarity~ and at that time it is ~nsnred nnd~r
_-the pmavisions of the Natioaat Hoasing Act, he will p~sy to the morla~a~ee an gdjuated premimn charg~e a~
one per oentann (196) of the originai principal ainount thereo~f, e~c ep~t th~t in no eveat s~sU the a~uated
p~+emium eaceed the ~ggregate amount of premium charg~es which would hs~ne been pa~ysble ii the mort-
ob~ligatioa to the Federal Ho nred tmt~ matnrit~r, anc~t p~,yment to be sAPlied bY tbe mortS~ ~I~ ~
uaing Commisaioner an ~ooount of mortgag~e inaaran~oa
2 That, in order more fully to pmtect the secndty oi thia ~rt,~age, the mort~agvr. tog~ether with~
and in addition to, the menthiy payments under the terms oi the note aecared het+ebg,-on the Brst day oi -
each month antal the said note ia~fnllY Paid, w~l pa~yto the mortgagree the iolb~ suma:
. (a) An nmou~nt an~eient tfl provide the hold~r hereot with fimcls to psy the ne~ct mortg~,g~e -
insuranae pranium if thia instrument. and tbe nu~e aecured hereby are inanred, or s month~y charg~e
- tin lien of a mortgag~e inaurt~noe premium) -if they are held by th,e Federal HoaainQ Comnnie~ioner,
aa follows: - -
(i) Ii ~ed ~o lona as aaid note oi area date and this i~istrumeat an fnsarsd a~ srs refnsar+ea madar tbe
pno~isions o! tbe Nationsl Hon:ina Ael, an aaaoont su~e[eut to aoeoaanLte in tbe kaads o~ tLe lalder
one (I) moa~th prfor to its d~ dste the annaal mo insuranos tn order to mch -
Ialdnr with iundt to gs sodi Preaeima to tbe Fedaral~~i~sins C~nia~er pat~oant to ~Nstionsl ~
H~~Aek as am~ed, aud spplieabis B~~ntitla~ns tbtram~des• car
(t[) Ii and ~ ~ ss ssid note ot ~ dste and indrament ue hefd b~? tbs Feaeral Hoada` iktna~L-
aioner, s monthl~? eh (in li~ of : awrtga=e i~surano~ premi~~: whieh s~all be in aa amo~oat
~be comPated althout~ta~
~to aoe
~it~t iP~~V~~o~aadi~ baJanos dos oa~ tt?s ~
.
) gro
.(b A auni eqwl to the grou~md rents. it sAY, ne~ct dn~- phu ths pr~iams tbat will nact bec~ome
dne and payabls ~n polidea oi 8re and other h~sard inanr~noe coverIng tha mortB~ed proAertY.p~us
taxes and saseasments ne~ct due on the mortgsg~pr~perty (all~ss est~mafi~ed b~ the mortSaS~ee) Ids
all snms alrea~dy paid thex+~for d~vided by the ntnnber. of months to etsg~e before one month prior ~
to t6e dste when su~;h ground renti~prerntuma, t~ces, ~nd asaeaameats wi8 beoo~e delinqnent, wah
snms to be held by mortgsgee in t to pa~? said Srouad rents, P~~ t~ceo~, aad specistl aa~ess-
menta; ~ad . o
(e) All ts mentloned in the two px~cedins snbsections ai this parx~raph ~u?d ~il p~,y
menta to be n~
er the nota secured hereby shaU be added tAg~ether and the ~ te smonnt
+o p~
- thei+eo~ shall be b~r the mortg~g~r ~ch manth in a eingk pa~yment to be the morw
gag~ee to the foffOaiag it~is in the order aet torth: . ,
Preea~mn ehnrs+es onder ths eoatr~ret ot ia~nrana w[tb t~ue F~deisl Ho~osi~ C~i~o~, ~ montl~
~ elar~s (fn mu ot nartta~e ia4arae~..y~{
am). u. sAss aiss msy b.; . ~ Y:
~ (II ~!~ottnd rsata, taxes. a~nenb. ure. aad o~h~r baso?rdia~arsaes praaAtom~i .
a[ it4tRrq~t os tbs no~s seenred herab7: aud T~>
, ~(r?~ anwrtisttiou Dt tb~ Driaaipftl a~f satd aotR - . ~ . . -
ADj ~BIICy ~ri ~te ~IIW1tIit Ot WCh i~l~A~ rilOtl~j? pa~ymQ1~ l~liU, Q~i ID#~ j~00t1 ~I ~ f:
nK~fi~~prior tQ the dne date oi the ne~ct s~~~~ ps~rment, ao~nstitt~t~e aa ~at oi d~faplt na~this nwrt~ ,
~aga mort~~e msp eoUect a"late r~e~.,nat ta exeeed MO oeab ~or e~h (~1 a!
a
ch p~ent more thsn ftftem (I6j d~?s in arresrs ~o covet the e~ctra mcpa~e introlved fa ha~n~ `
~Iinqneu p~ym~nta. , t~
..x
8. That ii the batat of the psymmts made by the ~nor~ssor m:der (b) at par~raph 8 pr~edin~ shaD -
. exaed the ~nount oi paYments utw~lly made 4~ the mort~ee. for ~ronnd rtnts. taxes and a~a~t4
~ - 8p3K ~
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