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Pbs Vn~.uE ~vm, the uader'si~ned promisa(s) bo pa~? to '
~ 9TOCK'1'~I ~ i~TBATI~SY ~ DiAYI~T 8 C`O~ANY
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~ u~ ~ State of Florida • a oarpontion or~sni:ed +~nd existiag under ;
, or order. the prtncipsl aiun of ~ . !
3IX TSaT3AND do 00~100 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ • _ ~ Dollas'8 fi ~ 000 ~ 00 ~ ~ w~tl1
~nter~at lran date st the rate of five d~ one-fourth per oentum ( 5~ ~ 96 ) per ;
aaeum on the unpAid bal~?noe until psid. The eaid princip~l and intereat ahall be p~yabte ~t the o~oe of ~
S`1'OCK'1'aI, W~iATLEY, DiAVIbT dd C~~6tiY
JackeomKlle, Florida . or at suth other plaoe ~ the
hotder m~y deeigaate In wrIting. in monW~? inatallmenta of TffiKl'Y-Tffi~ de 18/100
(i 33• ~e coanmencing oa the Srst dsy of • Au~ust ,19 6~ , and
on the Srat dsy of each month theresft8r until the prtncipal snd interest are tullY Paid. e~coept that the 8na~1
pa~yment of the entire indebtedness avidenced hereby. i! not eooner psid, shall bs due u~d psy~ble on the ~
tirst d~,y of July .19 94 • ~
Ii default be made in the paymeat oi any inat~Ument under this note aad i! such detault ia not m~?de • ~
?e ~
tood prior to the due date oi the next such installment, the entire princi~ sum aad ~ocrued intereat shall - '
st oaoe beoome due and p~ysble withoat notice at the option of the halder ot t6ia note. F~tlare to exerciae ~
~ this optian ahali aot o~nstitnte a waiver of the right to exerGise the saa~e in the event of aay sub~equent
defaulk In the event of default in the p~ymeut oi this note, and if ~the same is oollected by an attorney ~
st Lw, the nnderaig~ed hereby agree (s? to p~sy sll ooeta oi eullectton, includin~ s reaanndble attorney'a fee. ~
Pr~aentment, proteat, snd not~oe are hereby ~raived. .
' --~Joasph Barboza
ose o~s
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' ' /s/ Mars C. Barboze
. . ~ ' Me?ry C: Heucboze~
And sbsII da17. I~e'omp~y. and !'nl~? Pertorm. aiec6srg~e, eaecnte, effect. eomPlete, and eomp~j? with and
abide by a~h ,and ever~ the stipulation~. agreemenfs. conditions. and covenants oi said pmmisaor~? note
. and of this mortgatg~e, then this mortgag~e and the eetate hereby areated ahsll ceaae and be null and void.
And the mortgag~or further oovenanta aa follows: . .
~ 1. That he w~l p~y the indebtedneaa, as hereinbefore provided. Frlv~leg~e is reserved to pa~y the
debt in whol~ or in an amount equal to one,pr more monthl,y pa~ymenta on the Frincipal that are next due -
on the note, on the firat day oi any month prlor to maturity ; Provided, however, that written notice of an
intention to ezercise such privilege ia given at leaat t6irty (3pj daya Prior to prepayment; and, pmvided
inrther, thut in the cvent the debt ia paid In fnll prlor tq matnrity and at tlwt time ft ia insured nnder
the pmvisions of t6e National Housing Act,1?e will pa?y to the mortgagee an acijuat~ed pr~nium charge ot
one per oentam (196) of the original principal ~unount thereoi, except thst in no event ahaU the adjusted '
premium eueeed the te amonnt of premium cl~arges which w?outd have been pa~ysble if the morb-
ga8+e bad continaed toa~ured unti! muturitY: snch p~yment to be applied by the mortg~gee upon its
' obligatioa to t6e Federal Houaing Commisaioner on seoount of mortgage iasuranoe. ~
2. - Tbst, in order more fuUy to protect tt?e secarity oi this mortgag~e, the mortgagor. together wI
aad in ~ddition to, the menthly paymenta nnder the tem~a oi the note secured hereby, oa the Srat day~
ee~ch month natil the said note ia fully paid, wilt pay to the awrtgag~ee the follo~ving aums: .
~ (a) An amount snfficient to provide t~?e holder hereof with funda ta psy the nt?act mortgag~e -
~ insnrance pr~emium if thia instrumeat and the note secured hereby sre insnred, or a montbfy charg~e -
(in lieu oi a mortgage inanranoe premium) if they sre held by the Federnl Houaing Commisaioner.
. aa followa: ~ - •
(t) Ii and so lon6 aa a3d note oi a~eu dsta and thi~ instznm~t are insnred or ars reinsured ander the
Pmridons oi tbe Nations! Houdna Aek an amonat snAkient to seeumnlate fn tLe hands oi tbe }wld~
ons (1) month prior to ib dne date ths snnnsl mortgags i~saranoe preminm, in order to such
lwtder witL lnnds to p~ saeb preminm to the Federal Houdns Comunisdober pnrsnant to ~stional
Hons~n~ Aet. ss ama~ed, a~?d applieabls Re~aLtio~s t6erenader • or
(a) Ii and soloaa iu aaid note oi e~ea dste and th~s ia~trumeat ue be~d tbe Federat Honsina Commis-
' ~io~er. a moa~ch~ (in l~en ot a m~rtgsge insnrsnes pres~ina~~ wbich ahall be in an amoant
n~o m ted ari~t ~ oi a~ne-hali ('K ) Per eaitmn oi the a~rerage onq~tandityt balanea dns on the
, Pi? t~Ein~ into aeeount ddinqa~des or PrepsYment+:
- (b~ A sum equal to the ground rents, if sny. next due. plns the premfnma thst vn~l next beoome
dae and p~y~ble on policies oi fir+e nnd Qther hazard insuranoe ooverin,g the mort8a8ed ProPe~Y, P1us
tuea aad assessments next due on the mortgs~e~ mperty (all as esttaosted by the mortgagee) leas
p aos
all awns uL~eady padd therefor dlvided by the number. of montha ta elapse before one month prior
. to the dste when sach ground rent8. Premiwns. faxea. and assesaments will beoome deliaquen~. such
sums to be held by mortgagee ia trust to p~? said ground renta, Preaniums, ta~Cea, u~nd speciai aseesa-
- meata; and e
(o) All ~ments mentioned in the hvo preo~ding snbsecNons o! this par~raph and all ~Pay-
menb to be nvuie under th$ note secured hereby shaU be added toaether and t6e te amount -
thereoi atu~U be psid by the mortQagnr e~ch month in a single p~ymeat to be a;p~~ the mort-
~ee to t~ follorving it,~ms in the order aet forth: ~
(j) P~~ nader tbs eo~traet o! i.nsnranes witb tars Fedatal Haadn~ CAOO~do~ner. or moatl?ly
' (in liea at nwrtaa~e i~oannn~ premime), a~ tbe ea~s ana~ bs;
(a re~ts. 4sa. aa~ent+. ~t+e. u~d otber ~sud insaranes prsmimns;
. (m teres! on tbe sots ~eeured hereb~• and
(tY~ amortiaation ot tbe prtndpa[ ot nid i~ota - ~
Aq~ deliciency in the amount oi atcch aggregate manthly. ~aym~t alrall, unlees msde g~ood by tbe
morl~or prlar to #he de~e date of the next auch pa~nent, oonshtute an event ot defsult under this mor~
~e. The mort~agee may ooliect a"late charge not to ezoeed two eeab (?.~j ior each dallar ($1) o~
e~ch pa,meat awre tlun fifteen (16) daya in arrears to oaver t6e rxtxs ezpense fnvolved in hsndlin~
delinquwt ps~rmeats. .
. ~ 3. T'hat ii the t~l oi the pa~ymants made by the mort~a~or under (b) ot Pu'~Pb Q P~nS a1~11
esaed the amount oi psymenta actually made by tt?e mort~~g~ee. ior ground rents, taxea uid assesament~ s
.
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