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. ~ ~ I+bs Vi~.urt R~t~[vaa the wrdeai,~ded Aromi~e(a) ta A~U? tO ~ i
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~ ~'O~[TR~ ~S?ii~ pl~ i Q~! ` . . . . . . ' !
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+ . s oorpontian o~n~ed and axiatin~ tander
~ i ~ the laws ai Stat~ o! llo~sida . or order. the princi p s
l sum oi ~
' " e~~r s~v~t ~ ~Fr~t oo/loo---.--.:. ~ouus (i 7.T~•00 . ~
~ iaterest iran date at the ri?te oi ri~ i a~-laarta P~' t i~ 96 ) pe~'
• umum on the unpsid balanoe untit psid. The said pri~rcipsl sad intereat shall be p~ysbfe at the o~oe o!
BTOCiT~~ Mg?Tl+Pi~ ~ATI~ i~ t~~1R' '
, - ' ~ J~w~csoe?~rill~ plorida . a~r at swh other pLoe as the
holder m~y deaigaate ~n wrltin~ in month~? ~nsWlments of Iio~l~y~o d~ 86/100• • .
(i 42.86 ao~ma~en~n~ on the lfrst dsy o! vqigos; .18 64 , snd
on the lirat day oi ea~ch month thereatter nntil the prtncipsl and interest are fuU~? P~d. ezoept that tha flnal
~ pa~yzaent of the entire indebtedneas evideooed hereby. ii not sooner psid, ahall be dae and paysble on tl?e
tirst d~y oi Jy]~ ~ 18 94 , - i'
I! deiwlt be made in the pe~yment oi aay instaUment under this no and i! aucb deiiult is not made `
; ~ood prior to the due dste of the next auch instaU~enk the entire p~ncip~ sum ~wd accrued intsreet ahall
st onoe beoo~me due and p~syabte without notece at the option of the holder of thia not~ Failure to exercise
~ this optiou ahaU aot ooJ,stitute a waiver oi the t to e~cercise the same in the event of any aubsequent ' ~
defaulk In the event of dei~ult in the pa~yment~this note, and i! the s~ume is oallected by an attorney , ~
st I~w, the undersi~ned hereby atree (s) to p~y sll oos~s of oollection, inciud~in~ a reasflnable sttorney'a fea.
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D~ald B. ~lli~
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' A11~ i~1~ tlll~. ~+OlD~y
,~~lpY Pel"~OY'~ 1~8C~'8~. ~~dl~s Q$~. C01p~8~ ~ DOfilpdy'11~~1 ~
' . ~bide b~ e~ch s~ tlie atipulation0. agre~neate. conditions. ~urd oovenat?ts of s~id ~te
' aad oi t6is ~aork~~ t6is mar~gs~e ~nd the ~t~t$ be~by created a~all ceaae and be null void. - :
And the mort~or tnrther cove~nta as idbws:
1. That Ire witl p~y the indebtedne~s~ as hereiabefore provided. Privi'leg~e ia resezv~ed to p~y t6e
; debt in whole~ or in an amonnt equal to one or more nwnthly payments on the prlndpsl tlwt ~+e ne~ct dne
; . on the note, on the iirat day oi any month prior to maturitq: Provided, however, tbat aritten notioe oi an
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a Prior to preP4yment; aad. Pi'uvided
~ further, thst in the event the debt is paid in iWl prior to, msturitjr and :t thst time it ia inaured under
; the pruvisions ai t6e Nationul Houaing Act, he vvill p~y to the nwrtgagee an a~,juated premimn ,c.harge of .
; oae pe~r centnm (ig6j of the original principal amouat thereol, except thst in no event ahall t6e adjnsted
~ preminm ezoeed the a,~g~r.egate amount oi pr+emium charges which would 6ave beea p~ayable if the a~r~
sag~e lurd oontinued to insur~d nntil matnrity; ae~ch p~ayment to be ~plied by t6e mor~g~gee apon its i~
obligstion to the Feden~l Houaing Commiaeioner on ~ooount of nartgage insurance,
.
' 2 Thst, in order more fully to Pmtect the secndty oi thia martgage, the mortgag+or, together with~
~ and in addit~oa to, the menthlY P~yments under the tenna of the note secured hereby. on the Rrst day o~
; each month nnt~ the asid note is fuUY P~id. M?i11 PaY ta the mort~ag~ee the follovving auma: .
(a) An amount au~cient to provide the holder hereof with fimda to psy the nezt mortgagre
. insursnoe Premium if thia ii~ment and the aote sec~red hereby sre inanred, or s nanthiy charg~e
: (in lieu of s mortgag~e insurance pr~emium) ii they are held by the~Federal Housing Commissioner,
aa iollowa: ~ ~
` ii and so lont a~ ssid note ot eves d~?te and this inskrnme~t sre in~nred or ars =+eGunred mider !be
- Pm~isions oi tbe National IIoudas Aet. an smouat iuflkieni to aoeomnlata in tbe bands ot the Mlder ~ .
o~oe (i) moath prior to its dne data the aannsl nwstga~s ia~nra~nos prem~inm. in order topr~vide ~
~ baoldes witl? fw~ds to pa sneb preminm to tbs Federd~-usio
int C~ommiadooer pn~ant to tbe Natioa~l ,
Act, ss am~ed, and app~ We Be~n4tions tbet~ennder•-or g~a
; • (D) If and~n~ as aid note oi evee? date and tlus iastrama~L sre 6e~d tbs Federal
aio~er, a mont~ e~e (in=liea oi a mortg~gs in~nranos pnfaim~ whkb shW be in aa amoont
- equsl to cne w~ith-t
d (~is) oi oncLslt per cmtmm oi the s~erage ontstandinB balaaoe dns o~ tbs
; nofs eompnted witbont tatiaa into aeeouat ddinquendes ar prspa~matb; ~
(b) A aum equal to the ground renta, if any, next dn~ ptus the premiums that vvi21 next beoowe
. dne aod pa,yable on policiea of Sre a~ed other hasard inauranoe oovering the mortgaged P~P~rtY. P1us
, tauces and as~sments nezt dae on the mortgaged property (a11 ss estimated by the mortgag~ee) lesa
~ aU sums alra~dy p+ud t6erefor divided by the number_ of months to elapee before one month prior
to t6e dste w?hen anch gronnd reut+s. Pr~nlum0. ta~ces. ~nd aaaessmenta a~D beoome delinqaent, such
. ~
~ held by mortgagee in tn~st to ~y said ground renta, Premiums, tases, and sPecial ~aee~s- q
~ (o) AII paymenta mention~ed in the two preceding anbaectians oi this psragrsph and s11 pa~r- '
me~ats to be made under the note aecnred hereby ahall be added together aad t6e te amount ~
t6ereoi shaU be p~id by the mortga,g~ur each month in a aingle P~t to be applied~ the mort-
- sagee to the followin~ itetns in the order set iorth:
. ~ P~~ ~zs~s onder tLe contraet ot inwr~aes witk tLs Federal Hoaaias Commiadanas. o~ mont~y
~ (ia li~ oi mortaate insaranN piemium~, as tbs ws msy b;
' ~ ~ (tt reatsl taues, ararmeats. Me~ and otber baserd i~uaraaee pnmiu~;
. . (m tarert ae tae aots ~seored hereb~?; aad
~ ' (t~ amortisatiaa a~ tM PrlndPal of pid ~wte.
A~o' defkiency in the a~wunt of such s~ggregste moathly ~t shal~, uale~s msde a+ood by the
~ prior to the dne dste oi the r~ext anch pa~?menk oonsht~nte an event oi detantt nnder this mort-
s~~~e mort,~agee maY d~llect a"late char~e' aot to ezoeed t~vo eenb (2~) for each dollsr (;1) 0!
eseh p~
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delinqueat p~?m~ts.
~ & T6at ii t6e total oi the paym~b n~ade by the inort~a~or nnder (b) oi para,~raph S precedlnt atull .
I e~oeed the amount of p~aymenta utu~ily taade by the =nort~sgee, tor ground renb. tsxes and ass~emes~b
i
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} CU ' . 94 `~c~396 O
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