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~ALU! ~ri~ ~N Y~O~ ~~s~ ~ ~ ~
STO4`lt'1'~1~ 1~I8ATI8?~ DdYIK b C~AIR
` . a oorporatioo o~sa~ed and existius ande~r
~ the 4ws ot State ot Florida , or order. the prlnctp~l swp oi
~`'l+~i ~~Y ~ ~ • • ~ ~ ~ ~ ~ Dp]~?S 12 f ~ ~~l
~D~t~t ~O~R f~t8 i~ ~@ 1"it8 ~ ~'31/e ~ OA9 •tOlu'~1 ~t ( ~ ~ ) p~l'.
~l1DUQt OIl tll~p~d ~DCe q11~ p~. 1~ jl?~11C~pi~ i11~ ~ll~ill'edt l~1i11 ~~~~l! O~OQ 0~
~l .T80k80111?~ @~ lrlOt'3d~~ DAQ~ di ri~~
t ~ O! ~ iOC~I 0~i8r jl~~ Y~
hOlflet pl~y l~~M~ ~D Nl~~ ~D IYIOR~ ~~IIlBD~Ii O~ $IICT~`$I7C di ~4~~~ • ~ • ~
DoUar* - 66.64 oanmencing on the 8rat dqr oi JULY ~ i! 64 ~ and
on the flrat d~y oi e~rch month thei~er until the principui and in~erest are fulb P~. ~Pt tlut the lfnal
psyment of the entire indebt~ednees evideaoed hereby. if not eooner psia, shall bs dus and psysble ou the
tirat day oi JoxS .19 94 .
I! ~kfaWt be m~de ia the p~ynMeat oi aay iaataUme~t under this no~e, aad it wch dsiavlt is aot m~de
P~r to the due date oi the next auch inatalhnenk the entire prLeclpal sum and aoctued intere~! slull
•t anoe beoane dua ~wd p~yable Nrithout notioe at the opti~on oi the holder ot this tata Failure to eacercise
tLis option slull not oonatitute a waiver oi the ri~ht to esercise the s~une in tbe eveat oi any subsequent ~
~ defautt. In the ev~t oi default in the paymeat oi this not~ and ii tlie a~me is ooaleeted by ao attorney
` at lar?, the underslsned hereby ~ree (s) to pay all ooats oi coUection, Licludin~a re~soau~We attorney's iee.
Pre~ssatment, Pratesk and not~ioe a:+e hereby r?~ived. ~
~ /e/ Walter Needer
. ~ btalter Needer
~
f
s
j Milared
N.
e~ler
Mildred Nesdeo~ ~
~ ~ ~ ~ ~p~
, ~ ~4? P~. ~esswt0. ~P~1et0. and oomp~y wlth ~tnd -
ab3de b~ e~ch ~nd a~vp~r t1e-stiPnlstions, s~t~+e~unend~i~ co~~ditions. snd oovea~ata o! s~id aute
wd oi thi~ mort~~, t6m tlus mort~~e ~und the estate hereby created ahall eease aad be nntl ~o~d. ~
And the mortsa~or inrEha~r oov~nts s?s tdbws: ,
L~=T6st he w~71 p~ the indebtedneas, as het+~inbefors pa+ovkied. Prtvile~e is i+ee~ved to pay the
debt ia vrho~a, or in an ~mo~mt eq~at to ooe or mors mw?th~y p~ymeats on the PrjnciP~t th~tt u+e aext dua
on t6e note, on the ~ day of a»,y month prior to maturlt~r: Provided, how+ev~r, thst writt~en notioe o! an
intention to e~cercise a~eh privilege is given at least thirtY t84) dyrs P~ ~ P~paymeat; snd. pmovlded
further, that in the event the debt is pa~id in iull prior tq maturlty and at ths~ tilme it is insured ander
the provia~ons oi the I~lstionai Housing Act, he wiU pay ba the mort,~e~ee au a?dj~sted pre~ni~mn cbar~e of
one pe~r oent~m (lg~6j oi the originsl princip~l amoant thereoi, eacrept tlut in no eveat ahaU the ad,~nated
parenniutn pacceed thea~e te annoant oi premium ahargea wLich would hsve beea payshle if the mort-
fsge had continued tu be ~ared until mstnrity; sach psy~neat to be appiied b~r t6e mort,~uu~ee upon Its ~
~ obligstion to t6e Fedesai Iiousing Commissiaaer on ~ooount of mort,~~+e iaaiuanoe, -
2 Thst, in order more fuliy to prot~t the s~arrtty of thia morta~a. the mo~tgag~r, together N?It~,
and ia addition to, the menthly a~enta under the terms oi t6e note secur~ed hereby, on the.flrat dsy a~ -
er?ch month nntil the e~aid note ia iuUy paid. will pa,y to ii~e ~ortgs~g~ee the ioibwin~ swns:
(s) An s~oaount an~cient to provide t~e Lolder hereo[ with itmds to pay tt~e ne~ct mortQag~e
insnrsnce premium if this instr~r?t and the note sewred hereby are insured, or a monthlY charg~e
(in Iieu of a nrortgsg~e inauranoe premiumj i! they are held by tbe Federal Housin~ Ca~amiasio~er.
as follo~va: _
(t) Ii aad ~u lom,~ as ssid note ot even date and Wis i~oe~t a» in~sal or ars rei~d nnder tl~e
provisions ot the Nationsl Honsina Ae~ an a~m~ouat sdbdmt t~ ieeomnlab ia tLs hands oi tLs boid~
one (1j moa~th prior to fb dne date the aanaal~ iasas~s~w~esp~e~miam, in ordes to pr~jde w~
68oWer with iands to p~ soeh yremiam to tbe Fedaral-8-onsiat Commirioaer purn~nt to the N~tional
(D) It aad~ia~ a~id note -ot.e~a~~pdate atid~l~~in~ra~n~)r~~ ~ Feder~l Hondns Casm1~-
doner. a aany~ (in lisn o! a mortsa~s fiwraaa praeio~~ w6teh a~ttl b in aa amonnt
equal to an~-tw~itk~) at ooe-halt ('K ) per ce~tue~ ot t~ a~rera~s otihtandin~ balanee dus on tbs
rob ooaopot+ed witboat taidns into aeeoa~t aeiinqw~ei~s ~ prepa~menq;
(b~ A sum eqwl to tt?e grcnnd rents. if any'. ne~ct dne. Plns t6e premiwaa tlu~t will ne:t becane
dae aod ~yaWe on poiiciea oi ~+e and other luw~sd insursnoe coverin~ t6e mort8~8~ Pmp~~i? ~ Pl~s
. tases and ~ta nest due oa the mortg~ed (a1l a's eati~ted by t6e nwrtSaBee~ leas
~ aD amns ah+eady psid thereior divlded by tlie nu~m~~~.r.
o~f
Fnaaths to dspse before one month prior .
to .the dste wben such ~round renta. Premi~. tauces. and ~ts wiU beoome deliaquent, suc4
sains to be Leld by nartg~ee in trust to pa,y ~d ~?~ound reats. P~miums, tues. ~nd aPeoi~tt asseas- ,
~ , me~?ta; and
. (e) AD ~a~enb ment~oned in the two pre~edin~ aubaections ai thi~ Psr~4~a~ aad sil paly
= a~ts to be awde nnder tbe note secured hereb~ ahsil be a~dded to~eth~ aud t6e te amount
t6ereoi shull be psid by the most~or e~ch nwnth in s aiosie p~n~eat to be ~ the mort-
s~ to t~ rab..~s it~ ~ tn~ ~~t r~:
• : ~t) Prda~ elar~as m~dtr tbe eoottaet a[ iawr~a w[tk ti~ F~dstal Howi~ Caa~sirioo~r, a~ moatkl~
' (ia lieo ot mortra~a insnranN pnm[m~), as tM ew av~ L~;
' tu s+e~t~. ta~cati as~neAts, Sn, aad at6sr ~ard i~e~ pr~ior~
: tn~ ~ortlsatla~
d~pri~adp~ia at~iaid aot~~e.
. A!V 1~~ ~li ~~UloUDt Of WCh ~Ate 1riOD~ypayn~
t~11. Y11kM d1i~! ~Of~ b7.tiN ~
t~s~ prior to the dne~date ot the nent wch t~ oonstitnte aa event of detank anderthis ~
~a~i~.~ Tb~ nuortsagre m~qr oolkd a"lsts nat to exoeed t~ro eeab t~) ior esch dollar (~1 e~
~~p~a~~than fiiteea (1b) d~ys in an+esn to oanrer the s~ctrit etpeo~e involved in hsnd~in~
. .
~ 3. Tlut if the totsi oi t4e p~rmeats made by thenartg~o~r onder tb) o~ para~raph S preoedia~ a~!
; a~oeed tbe ~mount o! w?yments actually msde by the mort,~uee. for ~ronnd reztts. taues snd ~nnaati +
I ~ ~ :it` .
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