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Pbt VALUi ~Y~, the uadeRl~led pt+omi~e(s) to p~y ZO
~ ~ ATICO FINANCIAL CORPORATION ~
. a oorporatioa or~sntsed aod e~ciatin~ nnder •
the laws of the Stote of Delaware ~ or order, the prlacipsl aum oi Fitteen
thousaad and No/100 15, 000.00
~ interest iran dste at the r~te oi f ive end one-quarter per oentum ( 5} 96) per
annwa on the unpaid bslsnoe until paid. The a~id princip~?1 and interest ahall be p~yabk at the o~oe ot
ATICO FTNANCIAL CORPORATION
in Miea?i, Florida . or stauch p4~oe ae the ~
holder m~y desigaate in writin~ in nanthly inataliments oi Eighty-two and 95 100
Dollara 82 .95 oanmencing on the flrat dsy o! Merch ,1965 . snd
on the firat dsy of each nanth thereaiter until the principal and interest are fully paid. exoept that the ~nsl
. p~?yn~eat of the entire indebtedneas evidenced hereby. ii not eooner paid, ahall bs dne snd p~ysble on the
Srst d~y oi. February .19 95.
- Ii dei~wlt be made iu the payment of sny inataUment under this note ~wd ii such default ia not msde .
sood prior to the due date oi the ae~ct such instaUmenk the eatire principa~ aum and aocrued interest shall
st onoe beoome dae snd p~?able without notice at the option oi the 6older oi this note. F~Wure to exereiae
thia option shall not ooastitute a waiver of the right to exercise the aame in the event oi any sub~equeat
ddAUlk In the event of default in the payment oi thia note. and if the aame is o~llected by an sttoraey
~ at Lv?. the undersigned hereby ~ree (s) to pay all oosts of ooUectioa, inclnd,i~g a reaaonsble sttorney's fee.
Presentmenk protesk and notioe are hcreby ~raived. ~
~ (State Documentary Stamps ._~st~ ~lilliam T. Breedlove (Seal) :
affi.xed to.original note William T. Breedlove ~ ,
- eRd CeACelled . ) --~.~"ia~ *~ne Sreedlove [ Seel )
- Mery Antie Breedlove
_ ,
And ehall du1Y, P~p~y. snd fnD~ Perlortn. diacbsr~e. executc. effect, oomPlete. and comply wlth and ~
ab3de b~ each and ever~? tl?e stiPulatioaa. agreementa. conditN?ns. and oovenauts oi said promisaory note
aud oi this mortaa~e. then this mort~a~e and the eatste here~y cre~?ted shall cesse and be null und void.
And tLe mort,t~ror iurther oovenanta as ioUows: :
,
1. Tbst he will p~y t6e indebtednesa. as hereinbefore pmvided. Privile~e is re~erved to p~,y the ~
debt in whole. or in an amonnt~ eq~l to one or more mondily p~ymenta on the principal t6at are nezt dne
e~ the note, on the lirat dsy of su~y month prior to msturity : Provided, however, tl~t written notice of an
intention to exercise auch privilege is given at least thirty (SO) days prior to prep~yment; snd, provided
further, that in the event the debt ia paid in iull prior to, mi?turity Aad at that time it is insw~ed under .
the prnvisions of t6e Nstional Housing Act, he wili p~y to the mortga~ee sn adjuated premiwn charge oi
' one per centum (lg6) of the originsl principsl amount tl?ereof, exeept that in no event slu~U the adjusted ~ '
~ premium exceed the aggregate amount of preminmchsrg~es w6ich.~vould hsve been payable if the mor~ -
pg~e had oontinued to be insured until maturity; snch payment to be applied by the mortgagee upon its
. obligution to the Federal Honsing Commisaioner on wooount oi mortgage insuranoe. . •
' 2. Thsk in order more fuUy to pmtect the secucity o! this mortgage. the mortgagor. together with,
E . and in ~ddition to. the menthiy psyments under the terms of the note aecnr~ed hereby. on the Srat day oi
~ each month untal the aaid note is iuUy paid. wiU pay to the mortgagee t6e following suma:
(a) An amount" au~cient to pmvide the holder hereoi with funda to psy the next mortgag~e
f _ inaurance premium if this inatrument and the note secured hereby are inaured, or a monthiy charg~e ~
~ (in lieu oi a mortgage insurance premium) ii they are held by the Federal Houaing Commiasioner.
~ • aa followa : . . .
~
~ ~ (t) Ii and ~o long as ~aid ~ote oi eva~ date and tbis instrnment srs iniared or srs reinsnred nnder the
provisioas oi ti~e Nationsl Honsing Aet, an saaont snmeient to aocnmulate in tbe haad~ oi tiie bolder
~ , one (1) moath prior to its dne dste the aanaal mortga~s in~aranos premiam, in ordes to provide snch
holder witl? tnnds to pai s~nch pnminm to the Federal Hondnt Co~mmisaoner pnrwant to tbe National
Housina Aet, ss ameoded. and aPplieabis ~nlstiwu t6erannder: or
(u) It and ~o bns as aid ~ate of ever data and thu-instrument are bdd by tbs Fedenl Honsi~ Commis-
• - , aoner. a monthly ~(ia lian oi a mort`ass iwnranos •pnmin~) wbieh ~6a11 be in an amonnt
equd to one-tweilt6 oi onrl~sli ('~!i ) P~r eent~n oi the a~eraae ontdandint balsnoe dns on the
. . : nots oompatat .?ittwnt takina into aeeoanc aeuaquenaas or rrep?ymeats:
~ (b) A sum equal to the ground rents. if any. next dne. plns the premiums that will next becmne
~ dne and payable on policies of ftre and other hazard insurance oovedng the mortgaged property, plus •
. : tauea and assessmeata neut due on the mortgaged prnperty (sll aa eatimated by the mortgagee) leas
sU sums already p~aud therefor divided by the num
b er_ oi m~nths tfl elapae before one month prior
~ ` to the dste when such gronnd renta, premiums, ta~cea. and assesamenta will become delinqaen~ such
: snms to tie held by mortgsgee in trust to pay aaid ground renta. Premiums. taxes. and apecial asaess- .
- , menta; and
) A11 PaY~?ents mentioned in the t~vo preceding wbsections oi thia psragrsp6 snd all p~qy-
ments w be made under t6e note aecnred hereby ahaU be added to~ether aud tl?e ~re~ate amount
th~r~ot ~h~il b~ ~ald bq ttu inort~a~or each aaonth ia • a
l a
~
l
e p~yment t
o b e s
P~~ i
e d b
Y t
he awrt-
s~
e e to the folb
w
i n t items in the order set iorth: -
. (t) pranium ehar~ea ander tba eo~traet ot insnraaas witl? tLs Federsl Honiin~ CaasmLdoner. or mo~tbl~
- e
h ar~s ( i a l i
e
n o
f mort~a~e i n s
arsnM preminm). as t l
~ e as~ msy b e:
. (u ~round re~n tases. aaa~oeata. ~+e. aud other hwr~ ins~ranee premiumr
(m ~nteres~ on~ nofe ~etnred bereby; and
(n am~rti:ation ot tbs prineipal oi uid not~.
Aipr defktency in t6e amount oi such aggregate monthly psyment sh~U. nnleas made aood b~ t!?e
' most~sg~o~r prior to the due dste ot the next such ps~Caent, o~nabtute an event oi detault nnder this mort-
Ya~e. Ths mortB~ee nyy eullect s"late charge not to ezceed two cents tor eadi dollar
e~ch p~~ymeat more tban lifteen (16) days in arreara to cover the extra e:pense involved in
delinqnent Pa,yments. •
~ 3. lbat it the totsl of the payments made by themortgagor nnder (b) oi par~raph 8 precediat ~haD
e~eeed the amount of oaymenta actuaUy made by the mortgagee~ for grouad res?ts. t~a:ea and ~L
_ . ~C8 ~~c~ ~rifi5 :
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