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Pba Vnt.tla Rac~t1?~ the underal~aed P~romiae(s) to P~y? to ~ ' !
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• BTO~Z'1'~~ YBi?ZI~i~ ~?PIa ~ OQ~~~11? '
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; . a oorpor~?tion or~ani:ed aad exiatins uader ' ~
the laws oi 8tat~ ot !'lor3da or order. the princip~l aum of ~
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intereet t'ront date at the nte oi rit+~ ~ one-lourth per centum ( 5~ 96) per
s?nnum on the unpaid balanae nnW psid. The aaid principsl aud interest ahall be pqyable at the o~oe oi
BTOCB'1'~T* i1B~Ti~l~ ~IYII~ d~ CQ!~HZ
in J~~~u~ glo~~ , or at auch other plaoe as tha -
holder may designate in writin~ in n,nth~y installmenta oi g~,118~'1't b 78~100-~~~~NN~~~~NM~
Dollara (i 70.78 ~~oammencing on the Srat day oi 8ept~ber .1864 , and
on the tirst day of each mon#h theresiter until the princigal nnd interest u+e fully paid. ezoept that the Snal
pt?yraent of the entire iadebtedness ev;denoed hereby. ii ~ot eooner psid, shall be due and p~,ysble on the
8rst day oi ~ingus! ,19 94 .
Ii default be made iu the p~,yment oi any inatailment under this note and ii sucb delanlt is not made
~ood prior to the due date of the ne~ct such inatallmenk the enttre prlncip~ aum and accnted intereat ahall
st onoe beoome due ~tnd p~yable without notioe at the option of the holder oi t~his note. F~Wure to exercise
this option shall not oonstituts a waiver of the right to exercise the s~une in the event of ~~ny subaequent
defaulk In the event of default in the p~yment of thia note, and if the same is oollected by at~ attorney
~ at law,the underaigaed herebY a~~e(a) t~ P~a3? a11 oo$ta of collection, includinga rw.~sonable attorney's iee.
. Presentment, pr~test, and notioe su+e hereby ~ved. .
. -i~yLJ~-p.-~~,,. ' ~ ~c~~,,,~.*.-.~_
Ja~ P. E~?vanag~
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; ~ ~ ~~!~F~tna~~ S. S~trst~tiig~~.
. . ~ ~vY~ O~•~~ f
~ Alid ~ dll~~ j~~l~y
•~Dd ~ p@1'~O!!~ d~C11~1T$~@s PS~CII~ P.ff~ 1~0I[1j11C~ ~ COm~y il~~! ~IId .
sb~de by each aad ever~r t~?e
stipuLtions, agreementa. oondit~ons, and oovenanta of esid promisaory note
. end of this mortgage, then this mortga,ge and the estate hereby created shall oease and be null and void. ,
` And the mortgag~ar furthe~r oove~anta aa follows:
1. That he wiII p~y the indebtedness, as hereinbefore provided. Prl~rilege is reserved to p~Y the
debt in whole, or in an amount equai to one or more monthly payments on t6e princip~l tl~at are ne~ct due
, on the note, on the 8rat day of aqy month prior to maturitq: Provided, however. that written notice of sn
intention to e~cercise aucl~ privilege is given at lea~st thirty (30) days prior to prep~a,yment; and, provided
. further. that in the event the debt ia paid in full prior to, maturity and at that time it is insured under
the prnvisiona of t6e National Houaing Act, he will pay to the Ynortgagee an sdiusted premium charge of
one per centum (lg6) of the original principal amouat thereof. except that in no event shall the adjusted
premium exceed the aggregste amount of premiwn charges which would have been payable if the mort-
gage had continued to be insured nntil maturity; such p$yment to be spplied by the mortgagee upon its
obligation to the Federsl Housing Commissioner on a~oount of mortgage insurance.
2. That, in order more fully to protect the secucity of thia mortgage, the mortgagor, together with, °
and in addition to. t6e meathly paymenta nnder the terma oi the note secured hereby. on the first d~y ot
each month until the said note ia fully P~id, w~l Pay to the mortg~gee the follovving anms: ~
(a) An amount safHcient to provide t~e holder hereoi with fimda to psy the nest mortgag~e
insuranoe premium if thia inatrnment and the note secured hereby are inaured, or s monthiy charg~e -
~ (in lieu of a mortgag~e insurance premium) ii they are held by the Federal Houaing Commiaeioner.
as foUowa : . , '
(t) Ii and w l~g ss asid note oi evea dste and tbia indtament sre insured or ars reinsured nt~der the-
pru~iaio~ns of the Nstional Honsiag Aek an amon.nt sasieient to aoeumnlate ia tLe hands oi the holder ~
one (1) moath prbr to ita due date the snnwl mortgsge inwranoe premium, in order toprovide sach
lwlder with inndi to ps snch premium to the Federal Honsing Com~uiasi~er putwant to tbe Nationsl
y u
Honsina Ad. aa ameoded. and spplusbte Be~4tions tberennder• or • ;
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sioner. a awnt~y (in lien oi a mortgag~e insnnnoe prenina~~ wLieh ahsll be in an anwnnt
eqnal to oaa
twdit6~) oi one-halt ) Per ceatam o! the avesag~e ont~tanding balanoe das oai the ~
• note eompated witlwnt takin6 into aa~wint ddinqaende~ or prtpayme~ab;
(b) A sum equal to the gronnd rents, if any, neat aue, plna ffie preminms that will next beoome ~
due uad payable on paliciea of tire and other hazard insurance covering the mortgaged property, plus
~ taxes and aasessmenta next due on the mortgageu pmperty (all as estamsted by the nnortgagee) less
all aums already paid therefor divided by the number. of m~nths to elapse before one month prior
_ to the dste when snch ground renta, premiums, taxes, and as.gesamenta w~l beoome delinquent, auch
~ . sums to be held by mortgsgee in tivst to p~y said gmound renta, premiums, taxea, and apecial asaess-
~ meats; aad
(c) A11 PsYments mentioned in the two preceding sab~sections oi this para,gtaph snd all p~t-
e
menta to be msde undec the noteaecw~ed hereby ahall be sdded together and the te amoant ~
thereof ahall be paid by t6e mortgag~r each month in s aingle psyment to be sppU~y t6e mort-
gag~ee to the follovviag ite~ns in the order set forth: .
(t) prmnium ebaraes neder tbe a~tract oi insaranee with tbe Fedenl Hoadn~ C~aa~miadoaer~ or maetbl~ .
' ~ (ia liea of aart~sg~e iasnran~s preninm), as tbe ease ma~ be;
(n) g~rents. ts~es, a~ent4 IIre, and otber hsurd ia~uranee preminm~;
- ' (m) i~ tereat ~ tbe aota ~eenrcd hereby: sAd
(n?) amorti~?tion oi tLe psincipal of said note.
` Any de8ciency in the amount ot such aggregate•monthlypsym eat shall, ~mleas made good by the
, mo~g~
r prior to the due date of the~next anch pa~rmenk eonatitnte an event oi default under this mort-
~ ~r
-~'4e mortmo~re thsn Sitees (16 ic
o a~rreara to co~the estrs f~inv~l ed hsnl~> o[
; a ~t ~ ) ~ ~xr~ ~g
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E ; 8. Tlu~t if tbe totsl oi the p~yme~ta made by the mortgagor under (b) c~ psragrsph 2 p:~eoeding shaU
R ~ exceed tbe amount of vzymenta actnslly made by the mortgagee. tor ground renta. tuea and assea~meata .
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