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P'01t V~?LUS R~catvED. the underaigned prow~se (s) to pq? to _
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. TSS CQr~iCl~'WEAIf~B CQRPORAR'ICN
, s o~rporatian orgi?nized snd existing under `
the lawa of State of Floriaa , or order~ the principal aum oi ~
THELVS 'l~0IIS.1ND~ TMIO S1A~iD~LD Es 00~100 Dol}ats 12 s 200. 00 with ~
interest from date at the rate oi fire & one-fourt.h per oentum ( 5a ~ 96 ) per
~nnum on the unp~id b~e~lanoe until paid. The asid principal and inter+est ehall be p~yable at the o~ce of .
'A~ CQi~iCtiW^,yAIlPB COiRPOR6TIQN .
in Talle.hasse, Florida ~ or at such other place as the ~
- holder may daigns?te in writing~ in moathly inata~llmenta oi 3I7~PY-SEYII~1 de ~}?/100 ~
Dollara (i 67. 47 a~nmenciA8 on the 8rat day oi AuGU~r . y9 64 , ana k
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on the flrst da~? of each manth there~after until the princip~?1 and inter~t are fuUy paid. e~coept that the Rnal
payment of the entir~ indebtednesa evidenced hereby, ti not sooner paid, ahaU be due and payable on the ;
flrat da3? of JOI,Y .18 94 • `
If defanlt be made in the pa1?ment of any inatallment uader thie note, and it auch default is not msde
~~ood prior to the due date of the next sach installment, the entire principal sum and accrued interest ahall ~
st once beoome due and psyable without notice at the option of the holder oi thia note. Failure to exercise ~
thia option ahall not const3tute a waiver oi the right to exerciee the asme in the event oi any subeequent
defaulk In the event of default in the pa;yment of thia note, and if the aame ia oollected by an attorney ~
- at law. the nndersigned herebq agree (s) to pqy all oo~ta of oollection, includin& s reasonable attorney'a fee.
. Presentment, proteat, ~nd notioe are hereby wraived.
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. ~~s f James L. Kendall
Jamea I,. 8endall
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~s/ RranaPa C. gendall ~
T P'rances C. Sendall
And ahall dnly~ promp~y, and fal~y perlonn, dischsrg~e, execate. effect, oomplete, and oomply with and
~~ae by ~a e~e~? the atipulationa, agreementa conditinns~ and covenants of said promiasory note '
~nd of this mortgage. t,hen this mortgage and the estate hereby creatcd ahall cease and be null and void.
And the mortgngor inrther oovenants as lollows: .
1. That he wiII pay the indebtednesa, as her+einbefore pmvided. Prlvilege ia reaerved to pay the
debt in whole. or in an ~noant equsl to one or mor8 montbly p~Ymenta on the princigal that are neat due
on the note,.on the flrat day of any month prior to maturity: Provided~ however, that written notice of an
intention to exerciae anch privilege is given at least thirty (80) days prtor to prepayment; and, provided
turt6er, that in the event the debt is p~d in full prior to, maturity and at thst time it ia insured under
~ the pravisions of the National Housing Act, he will paq ta the mortgagee an adjusted premium charge of
~ one per oentn~an (1g6) o~-the original principal amouat thereof, except that in no event shall the adjusted
premium exceed the aggregate amount o~ premi~m charges wldch would have been payable if the_ mprt-
gage had continued to be inawred until maturit~•; auch pa,yment tP be applied by the mortgagee upon its-
obligation to the Federal Houaing Commisaioner on a~ooount of mortgage insursnce.
2 That, in order more fully to prntect the security of t6ia mortgage, the mortgagor. together with,
~ and in addition to; the menthly payments under the terms of the note secured hereby. on the first day o!
each month nntl the said note is fully paid. will pay to the mortgagee the foUowing sums:
~ (a) An amount su~cient to provide the holder hereof with funda to pay the neut mortgag~e -
inaursnce ps~emi~mn if thia instrument and the note secured hereby are inaured, or a mont~?i~i charge
(in lieu of a mortgage insurance premiumj ii they are held by the Federal Iiousing Commissioner,
~ aa follows:
(i) Ii and so long as asid note of even dite and t1w instrament are insnred or us reinanred nnder the
. pru~isiona ot the Nation~l Honajng Aek ~ ~At s~~ ~ ~ b~ ~ ~ ~Older
one (1) month prior to its dne date the annnsl mortgag~e insaranoe preminm, in order to provide s~h
holder with innds to psy ro_eh preminm to tbe Federal Hoasing Comnaissioner puranant to tbe Nationsl
8ousin~ Aet, as am~d~, sad spplicable YLe~aLtions therennder: or ,
(u) Ii and so ong as eaid note of pren dite snd tlus-instrumait sre heWb~ the Federal Hooain6 Commis-
do~?er, a mont~yy~harge (in lien oi s mostgage insnranee ~remina~) w}ueD aLsll be in an amount
n~~oornpnted witboat taking into ~?e ount ~i~enei~ or
pr~
o~tst~nding baLnoe due on the
; ~(b) A sum equal to the ground rents, if any~ next dn~ plus the premi~una that will next become
F ~ due u?d payable on policies oi firn and other hazard inaurauoe covering the mortgaged property, plua
t~uces nnd asae~smeata ne~ct due on the mortgaged property (all as eatimated by the mortgagee) lesa
- all aunaa already paid therefor divided by the niunber. of montha to elapse before one month prior
3 to the dste when such gronnd ients, premiums, taxea. and assessments will become delinquent, such
~ anma to be held by mortgagee in trust to pay said ground rents, preminncia, taxes, and special asaess-
` ~ - ments; and '
F (cy All paq~nenta mentioned in the two preceding subsectiona oi t6is paragraph and all pay- -
- - ments ~co be made under the note secured hereby shall be added together and the ag~gregate amount
thereof ahall be paid by the mortgag~or each month in u aiugle payment to be applied by the mort-
• ga,g~ee to the following items in the order aet forth : . .
(t) premiam eharg~es ~ander ths eaa~traet oi insuranes with t6e Federsl Aausina Co~nmiadoner, or nantlily
~ • ehsrgs (in lieo of mortga~e Insaianoe premium). as tbe ease msy be;
; (n sronnd re~L.• taues. aa~anenta,llre, aad otber basard iasusanos pnminms;
~ . • . (m jnterest~ oe t6e note ~ecnred hereby; and
. (n amoztisatiqn oi the psineipal ot sdd note. ,
e: , An~ deticiency in the amount of such aggreBate monthly ~syment ahnll, nnless nude gnod by t6e
€ mo prior to the dne dAte oi the next such pa~aent, cansbtute an event ot defaalt nnder thia mort-
~ Qag~e.~ mortgagee may cullect a"late charge not to exceed two cents for esch dollar (~1) oi
~ each p~s,i?ment more ttwn ftfteen (16) daya in arreara to cover the extrs expenee involved in handling
delinqnent p~ymeats. - - '
~ 3. That ~i the totstl of the psymeata made by the mortgagor under (b) oi paraSraph 8 preoedi~?S aba11 •
~ aa~eeed the amount of paymenta sctually made by the mortgagee. ior ground re~nts. taxe~ and asses~aments
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