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Pb~t VwLUS-RaCSiv~, the underaigaed pranise(a) to p~y to . ~
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Sl'OG7C'I'~T~ WEATI~EY~ IIAY~T do C~'AZ1Y ~ i
- ` . a corp~ration org~nir~d and existing under ~
the tav~rsa oi Stste oY Florida . or order~ the prlncipal sum oi i
T~~ Tso~s~1~ ~ 00/100 - - - - • - - • - - - - noilara (i 13,000.00 wtth , ;
intereet fro~n date at the rate o! five do one-fourth per centum ( 54 9b) P~' ~
annum on the unpaid balance until paid. The said priac~pal ~d interest ah~ll be puy~ble at the o~ce o! ~
STOCiCT4N, WBATLEY, I~AVIN ~ COd~iP9NY i
in Jaaksonville, Florida . or ~t auch other pt~oe as the !
holder may daignate in writing, in monthly imsts~llmente of SEPF2l'1'Y-Q~IE & g9~100 i
Dollara T1.89 oomm~encing on the arst d~y of AIIGUST .19 64 , and !
on the flrat day of eaah month thereafter untll the principa~l and interest ~u+e #u1lY P~d. euoept t6at the ~fnsl ~
payment of the entire indebtedness evidenced hereby. if not aooner p$id, shaU be d~e and p~ble on the ~
8r$t da~y of JIILY .19 94 . ~
Ii default be made in the psyment oi any installmeut nnder this no and i! such deiault is not made
good prior to the due date of the next such inataUment, the entire princip~ sum and +ACCrued inter~t ahall
st once beoome due and payable without notice at the option of the holder of thia note. Failure fA exerciae ~ ~
this option ahaU not constitute a waiver of the ri~ht to euerc~se the same in the event of any subsecluent ;
t . de#au1k. Iu the event af default in the p~yment oi this note. and if the aame is oollected by an attorney
~ at law, the undersigned herebY agrce (s) to pay all costs oi oollection, induding s reasonable sttorney'a fee.
Pr+eaent~eent, p:+otest~ and aotice ar+E hereby w~ived. ~ . i~:;
. tl6Gi `i.7%'~Ci ~ '
s hexles K. Fox ' :
;
les i~T F ~
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. ---~e1 Doroth~r . Fox ~ ~ .j:~ j
Dorotl~y . Fox i ~
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And absII dul1. P~~y
. and in14* Ferlarm. diech~rSe. e~cecnte, e~ext, complete, and comply with and :
sbide by each and ever~? t~?e atipulstions, agreements. conditi~ws, aipd ouvenauta oi asid promissory note i~~
and of t6ia mortgage~ then this mortgage and the eatats her~y crested a6all ce~se and be null attd void. ~
i.
~ And the mortgagor inrther oovenants sa iouows: _ ~
- 1. T6at he wiU pay the indebtedness, aa hereinbefore provided. Privilege ia reaerved to pay the - 1
debt in whole. or in an amount equal to one or more monthly paymenta on the prlncip~tl that are next dne
- on t
he no
t
e. on t
he fi r
s
t d
a
y o
f any mon
t
h prior t
o maturity; Provided, however, that written notice oi an
intention to exerciae auch privilege ia given at leaat thirty (30) ,days Prlor to prepayment; and, pmvided I
further, that in the event the debt is paid in full pr~or to, maturitq and at that time it is insured under ;
the pmvisions of the Nationat Housing Act, he will psy to the mortgagee an adjusted preqnium charge oi
one pPx centnm gb ) of the original principai amount thereof, except that in no event ahaU the adjuated
premium exceed thea~gregate amount o~ premium charg~es which would have been payable if the mort-
. gage had continued to be "u~sured unta"1 maturlty; snch payment to be applied by the nwrtgagee upon its
obligation to the Federal Housing Commissioner on aa~QUnt of mortgage insnrance. ~
2 That, in arder more full to rotect the securi oi '
Y p ty th~ mortgs~ge, the mortgagor, together v~?i~
ated in addition to, the menthly paymenta under t6e terma of the note secnred bereby, on the 8rat day o
e~ch month until the said note is fuUy paid, will paq to the mortgagee the ioUowing suma
_ (a) An amoant aufficient to provide the holder hereof with fanda to pay the next mortgag~e
~S~ce Premium if this instrument and the note secured hereby are inaured, or a monthly charg~e
(in lieu of a mortgage inaurance premiumj if they are held by the Federal Housing Commieaioner, f
~ aa followa: 4F
,
(t) Ii snd w long aa asid note ot evea date ~1nd this instivnaent ~?re inwred ar sra reinsured wrder the 1-:
' pr~viaiom oi tl~ Nationsl Honsing Aet, an smonnt snlDdent to aoeumnLte in tLe haads oi the holder
` one (1) aan~th prior to its due date the annusl mortgage inanranoe pnminm, in order to pravide sacb '
holder ~rith fnnds to ps sacl~ preminm to tbs Fe~eral Honsing Comnoierioner pnrawnt to the Natioaai - i~
Sonsing Act, as ~ed, and sp plicabls Re.~alstions thernunder; or ~
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• aioaer, s mon ehsr~e (in liau of a mortaag~s iasnranoe premiua~ which sl~sit be in an anwant ;
• ecNa1 to th ('y~s) oi one-bslf ) Per eeAtum o! the average ontstanding balanee dne on the ~
note oompnted witho~ taking into aooount dd~qnenciay or PreP~?ymp?ts; y
(b) A sum equal to the ground rents, ii aY?y, next dae, plaa the pi~naiums that will neat become
dne and payable on policies of fire and other hazard insurance eovering the mortgaged property, plus
taxea and assessments next due oa the mortgaged property {all as estimated by the mortsagee) lesa
aII sums already paid therefor.divided by the number. o! months to elap~e before oae month prior
• to the dste when such gronnd rents, premiwna, taxes~ and assesaments will become delinquent, ~uch
suma to be held by mortgagee in trast to pay aaid ground renta. premiums, taxes, $nd apecial aasesa.
mente; and
- t~ ) All paymenta mentioned in the two preceding anbsectio»s oi this psragrsph and aU psy-
ments ro be made under the note aecured hereby ahall be added together and the aggregate amonnt
thereof shall be paid by the mortgagor each month in a aingle payment to be applied by the mor~
gaSee to the followiag itema in the order set forth:
• ~I~ P?!al1DQl E~ltt~ 11MIlr tllE COAtI'~Ct OT ~11TiT1C0 ~IW v1E FE~ii~ HOIIiIIi~ CO~Y~OMt, or monthiy
eha*Se (in lien oi mortssg~e inanran~ premiam). as the esse msy be; -
. (n ~ro~?nd reats. taxes. aneasanents. ~re, and otl~er hassrd insaranoe precainaa: -
, (tt~ aawrti:ation oi tbs prind~ oi ssid
note. . , .
, A~ daticiency in the amount of such aggregate monthly ~syment ehall~ nnleaa made g~ood by the ~ '
morltg~or prior to the due date of the next such pa~rment, ~const~tute an event of defsult under thia morb
~ag~e. The mortgagee may cwllect a"late charge' not to eueeed two centa (2~) tor each dollsr (;1 0~
e~ch payment more than flfteen (16) days in arreara to caver the extrs expenae involved in hand~ing ~
ddinqueat payments.
8. That it the total oi the payments made by themortgagor nnder (b) oi paragr;ph 2 preceding aha11
a~[ceed tbe amount of p~ayments actually made by the mortgagee. far gmound rents. taxea ~nd ~e~ta
~c. ~ -
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- _ _ - ~ • ~ - ~ ~ i;; t,~~„3-'~j~ .