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Home My WebLink About0777 • .~,.r.~,.,,,.....•~•o..--...~~. . . . . . • ~ ~I'a ~t , j.i ~ ' i PbR Vni.UB ~vau. the underbi$ned pro~miae(s) to p~y to ' . ' STOCKT~i ~ WiiATLEY, DAVIN do CQ?~~'~~(Y . a ocrpv~ation or~anised and exiating under the lAwa oi State oF Florid.a ~ or order. a;,rincipal aum oi ~ IIGIiTE~I THOIISGttD, TFIRE~ H~TNDRED de 00~100 Dollars (a 18, 300.00 w~v? : interest fmn~ da~te at the rate oi five & one-fourth per oentum ( 54 96) p~' ~ annum on the unpaid balance until paid. The asid principal and intereat shall be payable at the o~oe of ~ STOt~TOM, "lHATL.~'Y, ~VI,'3 d~ CO~~'AtZiY ' ~n Jacksonville Florida . or at such other plaoe ae the holder may desigaate in writing. in month~y instal~menta oi ~?E ~iUNDi~ED Q~E dc 20~100 Dollars 101.20 commencing on the Srat d~y of 3'JI~'~ ,18 64 , and on the first day of each month thereafter until the principal and interest are fuUY psid. ezoePt that the final payment oi the entire indebtedneas evidenced hereby. if not aooner paid. shall be due and paysble on the . tirst day of r1AY ,19 94 . ~ ~ If default be made in the payment of any instaIlment under thia note, and if auch defaul~ ia not made good prior to the due date of Lhe next auch installment, the entire pripcipal sum and accrued intereat ahail ; at once become due and p~ayable without notice at the option of the holder of this note. Failure to exercise sq thia option shaU not constitute a waiver of then~ ht to exercise the aame in the event of any subsequent ; default, In the event of default in the pa~l?ment oi thia note. and if the same ia collected by an attorney ~ ~ at law, the undersigned hereby agree (s) to pay all co~ta oi ooAection, includin~ a reasonabie attorney's fee. f, Presentment, protest, and notice are hereby waived. . , _ s Perc A. ~iller, Jr. ~ ' ~ rcy . ii er, r. ~ { . , ~ ; ~ _~,g f F7di .h A N:iller Edith A. Miller , ' And ahaIl dalY. Promp~y, ai?d fu~y Pesform, discharge, e~cecute, effect. eompkte. and oomply with and I ~bide by each and every t~e atipulations, agreements. conditions. and covenants of asid pmmiasorY note ~ sad of this mortgage, then thie mortgag~e and the estate hereby crested ahall cease and be null and void. And the mortgagor further covenants as followa: ~ 1. That he will p~,y the indebtedness, as hereinbefore provided. Privilege ia reserved to p~ay the debt in whole, or in an amount equal to one or more monthur payinents on the princigal that are next due on the note, on the first day of any month prior to maturiqr: Pro`nded, however, that written notice of an ~ intention tor exercise such privitege ia given at least thirty (SO) dsya prior to prep~ayment; and, provided. . further, that in the event the debt is paid in full prior to, matarity and at that time it ia insnred under , - the provisions of the National Housing Act~ he will p~y to~the mortgag~ee an ~djuated prenniwn charSe of - ` one per centum (1 yb ) of the original principal amount thereoi. except that in no event shaU the adjnsted ~ ; premiuai ezceed the aggregate amwu?t of premium chargea which would have been payable if t6e mort- ~ gage had continued to be insured until maturity; sach p~ayment to be applied by the mortgagee upon its obligation to the Federal Housing Commissioner on aooount of mortgag~e ina~rance. ~ 2. That, in order more fuUy to protect the secudty of thia mortgege. the mortgagor, together~th, and in addition to. the menthly payments under the terms of the note secured hereby, on the first oi ~ each month until the said note is fully paid. will gay to the mortgag¢e the following sums: (a) An amount sufficient to prnvide the holder hereo! ~vith fnada to pay the next mortgag+e . inaurance premium if this instrument and the nots aecured hereby are inaured. or a monthiy charge ' . (in lieu of a mortgage insurance premium) if they are held by the Federal Houaing Commissioner. ? aa foUows : + ~ (z) If and so lona as aaid note oi evm datR and this insttame~?t are insured or sre reinsured ander tbe 1. ~ provisions ot the National Honsing Aet, an ~monnt snmeient to aoc~mnlste in the hsnds o! the holder ~ one (1) month prior to its dne date tbe sumual morf;age inanranoe Preminm, in order to provide sach " ~ holder with fnnd~ to pa sn~h P~~ Federal Housina Commissioner pnrs~ant to tbe Nationsl Housing Aet, ss ~ed. and appliabb ~u1stions thereuader; or (u) Ii and sv long as said note of even date and~l~3s '~natrament are held by the Federal Hoasing Commia- aioner. a mon~y (in Uen oi a mortgag~e iniaranee pranina~) wbi~h shall be in an amonnt E eqnal to one-twelith~) of one-half ('!s ) Per cmtnm oi tbe sversg~e ontatanding b~lanoe dae on the ~ note aompnted withont Wnng into soeount ddinqaeneiea or PrepsYm~a?ta: t- ~ , (b) A aum eqnal to the gronnd rents, if any. neat dne, plna the preminma that will neat become ~ dne and payable on policies of ftre and other hazard insurance covering the mortgaged property, plns ; taxes and asaesamenta next due on the mortgaged progerty (all sa eatimated by the mortgagee) lese ~ all sums already paid therefor divided by the number_ oi montha to elapse before one month prior to the date when such ground rents, premiums, taxea. and sasessments will beoome delinquent, anch aums to be held by mortgagee in trust to pay said ground rents, premiums, taxea, and special aaseas- . - menta; sad (e) AD psyments mentioned in the two preoeding snbsections oi this para,graph and all pqy ments to be made under the~note-aecured hereby shall be added tflg~ether and the aggregate uinonnt thereoi ahall be paid by the mortgsg~ar each month itt s aingle payment to be applied by the mort- gagee to the iollowing itema in the order set forth: ~ : (t) pramiam charges nnder tl~e oontract of • insoranoe with tbe Fed~ral Hondna Cammirdoner. or montht~ ` ehar~s (in lieu oi nartgag~e insann~ pr~nium)~ a~ the ease n~ay. be; € (II gronnd renta, tues„ ~menta. flre. and other ba:ard insuranoe premimns; - (m~ interat on tl~e nots ~eenred hereby; and (n amortisation ot the prii?dpsl oi ssid note. • ~ ' Any de~iciency in the amount of such aggregate monthly payment ahall. nnless made g~ood by the ~ , mort~a~or prior to the due date oi the next such pa~nent, oonatitute an event of default under thia mort~ ~ -~'he mortgagee maY ~ollect a"Iate char8e' not to exc~eed two cents (2~) for each dollar (=1) 0~ ~ p~?ment more than ftft~een (16) da3ra in arreara to cover the extra espense iuvolved in h:u?dling ~ delinqnent payments. , ~ ~ 8. That if the total of the payments made by the mortgagor under (b) oi pan~grsph 2 prxedin8 ehaU e~oeed the ~nount of payments actually made by the mortgaBee, for ground rents. t~uce~ and aasesu~?ents ~ ~ j ' BOLK 9~ PALf f U J - . ~ ~~ti~ _ - ~