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Pblt Vn~.US R~s[v~0. tha underaiSned Pi'omise(s) to A~1? to •
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~ BTOQ['1'qI~ Y8?TIBZ~ ~?9I8 d~ CQ~iI~~ ~
, a o~rporation or~ni~sd snd exist.~?g under
k the laws oi State of plorid+i? , or order. the prlacipal atun of
r~r ssoQSr~rn, atc~r ~~o ~ oo/~oo----------_ noU~ ca io,eoo.oo < :
~ intereet from date at the rate of t~iye sud one•~fovrth per centtun ( ~ 9b ) P~' •
aanum on the unpaid balance unt~l paid. The said principal and interest ahall be p~y~le at the o~oe oi ~
9TOG~TQ~~ YBATI+BL~ ~?YIS b C~~1Y I
ia Jecksoa~ville~ B'lorids . or at auch ather place aa the ~
holder may de~igaate in writing~ ~ iYVYW~ ~KWY~~iia~ 0~ M 7~~W-~~MNMMN~ .
Dollara 59•72 commencin8 on the flrst day of September • 18 and ~
on the firat day of eaah nanth ther~fter until the principal ~tnd interest are fully patd. e:oept that e flnal
p~yment of the entire indebtednesa evidenced hereby. if not eooner paid, ahall be dne snd psyable on the
tirat d~y of 11ugu~st .19 94 • . . -
If detault be made in the payment oi any inat~aUment under this note and ii such default is not made
g~ood prior to the due date of the next such iastallment, the entire principaf sum and aocrued ~nterest shall
st once become due and payable without notice at the option of the holder of this note. Failure to exerciae
thia option ahall not constitute a waiver of the ri~ht to exercise the same in the event oi any subsequent
~ default In the event of default in the Uayment of thia note, and if the aame is"collected by an attorney
st law, the undersigned herebY aSree (8) to P$Y all ooata of coDect~on, includin~ s reasonable attorney's fee.
Preaentment, Pi'~teat, aad notioe are hereby waived. . . ~L
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/~~j~rrt
P` ~b r~~ - _
$dWSrcl P. Bpbiasoa
/s~. ~+.~.F~ ~ob~i=son .
Doris F. Robiason
And shaIl dalY. P~'~~Pt1Y. ~~~~orm, diacharge, execnte, effect, oomplete, ~nd o~mply with and -
abide by each andevery e st~pulations, agreements. oonditions. and oovenants of aaid promissory note
and of t6ia mortga~. then thia mortgage and the e~tate hereby created shsll cesse aad be null and void. .
And the mortgagor further covenants as foUowa:
1. Tfist he w~l pay the indebtedness, aa hereinbefore pmvided. Privileg~e is reserved to pay the
debt in whole. or in an amount. equal to one or more monthly p~yments on the principal that are next due .
an the note, on the tirat day of any month prior to maturity : Provided. however, that written notice of an
intention to exercise auch privilege is given at least thirty (30) daYs prior to prep~?ment; and, prnvided
~ further, that in the event the debt is paid in fuU prior to, maturity and at that time it ia insured ander
the pmvisiona of the National Iiousing Act, he will pay to the mortSaBee an adjusted Premiun? charge oi
one per centum (lq6) of the original principal amount thereof. except that in no event shall the adjnsted
~ premium exceed the aggre8~ate amount of premium charg~es which would have beea puyable if t6e mort-
° gag~e had continued to be insured antil maturitr; such payment tfl be applied by .the mortgagee upon its
obligation to the Federal Honsing Commissioner on aecount of mortgage inaurance.
2. 1`hat~ in order more fully to pmtect the security of thia mortgage, the mortgag~or. together with,
aad in addition to, the menthlg payments.under the terma of the note aecured hereby. on the first da,y of
e~ch manth until the said note is fully p~d, will pa,y to the mortgagee the fol~owing awns:
(a) An amount su~cient to provide the holder hereof with ftmda to pay the next mortgag~e
insnrsnee premium if this instrument and the note aecured hereby are inaured, or a monthiy charg~e
(in liea of a mortgag~e insurance premium) if they are held by the Federal Housing Commissioner~
aa follows: ~ •
(t) I! and so lo~g as said note ai even dste snd this instrament sre insnnd or srs reinsnred under the
pro~isions of the N~tional Honsing Aek an amount sn~mieat to aeenmulate in the handa oi the hold~r
~ ane (1) monfL pzlos to ita dne dste the snnnal mo~t~a~e insuranoe premium~ in order to provide snch
holder with innds to psy aueh p:eminm to the Federal-HNaing Commiisioner pnnuant to the Nstional
Ho Aet„ as ameaded. and applie~ble Rsgalstions tberennder• or
(n) Ii and~ona sa ssid note of even date snd tWs inatrament sre befd b7 the Federal Houaing Commir
aioner, s monthiy~~~
~(in lien of s mortgaga in~ premim~) whieh shall be in an amonnt -
eqnai to one-tweliti (~Tis) of one-hali ('6 ) per eentam of the sverage ontstsading baLnoe dne oa~ the
note oompnted witbout tddng into aeeount delinqneneies or Pr~?Ymenb:
' (b) A aam equal to the groand rents. if any, next dne, plus the preminms that will next become
dae and payable on policies of ftre and other hazard insurance oovering the mortgaged pmperty, plua
taxes nnd ~saessmenta next dne on the mortgaged property (all aa estimated by the mortgagee) lesa =
all auma alresdy p$id ther~for divided by the number. of months to elap~e before one month prior ~
to the date when such ground renta, ~remiums, taxes. and asaessn?ents wi11 become delinquent~ such
annns to ba held by mortgagee in tzuat to pay said ground renta, premiums, taues, and specisl assess-
ments; aad
AII payments mentioned in the tWO preceding anbdections of thia paragraph and aU pay-
mes~ts to be made under the note secured hereby ahall be added tog~ether and the aggregate amount
_J thereof ahuIl be paid by the mortgagor each month in s aingle psyraent to be applied by the mort-
~ gag~ee to t6e iollowi.ng it~ema in the order set forth:
(t) prmnima ehar~es nnder the oontract oi insnranee with !6e Federal Howins Canmiasbner, or montbl~ .
- r~s (in lieo of mortsage insnrano~ pre~mium). as t1~e e~s ms~ be: -
(II si~nd renta. ta~ces, aa~ent0. Sre, and othnr bassrd insnranoe preinin~ms:
(m i~ termiR o~ tbe nots ~eenred l~ereby; and
- (n amortisation oi tbs psineip~l oi said nota •
An~r delfciency in the amount oi auch aggregate monthly ~?yment shall, unless made good by the
mortgagor prior to the due date of the next auch pa~?ment, oonstib~te an event of detanlt under this mort-
~'he mortgagee may a~llect a"late char8c' not to exoced two cents for esch dollsr (;1) 0~
~ p~yment more than Riteen (15) daya in arresra to caver the extra e~~penae iavolved in handlia~
ddinque~nt psyments.
` 8. Tlest ii the total of the psymenta made by the mortg~gor nnder (b) oi p~aragraph 2 preceding at~ll
' e~eeed the unount oi paymenta actually made bY the mortgagee, ior qroond rents. taxes and ass~a~menta
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