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P~OR VALIR ~i(~YiQ ~10 W1d0171~ Q~0~~0(0~ fi0 ~y ~i0 , ~ .
ATICO FINANOIAL CORPORATIO~i . ~
. ~ oorporation or~nised ~nd exlstiu~ under
the lsws oi the State of Delaxars . or order~ the principsl sum oi eeventeen
thoueand tMO hundre8 And No/100 Dollan t=1Q, 200.00 Mrith
intereat irom date at the rate oi live and one-quarter per oentum ( 96) per
annuna on the unpaid balanoe w?til psld. The said principal and interest ahaU be payable at the olDoe of
ATICO FINANCIAL CORPOR.4TION ~
in l~iiami, Florida . or at such o~ plaoe as the
hotder nuy desigrate ia writing, in monthly instalLnents of Ninety-live and LZ 100
Dollara (i 95.12 oommencin~ on the rirat day oi ~ 1~[aroh ,18 65 . und ;
on the flrat day oi each month thereaiter until the principsl and intesest are fuUy paid. exoept that the ftnsl ~ ,
pnyment of the entire indebtedneas evidenoed hereby. ii not eooner Wdd. stu~ll be dne and psyable on the
tirat dqy oi February .19 95 . ~ _
If dei~ult be made in the payment oi any inst~aUment under this twte aAd ii such detiult is not m~de
~ood prior to the due date of the next such installment, the entlre princips~ a~m and aocrued interest shail
st once become due and paysble without notice at the option oi the holder oi this note. Fsilure to exerciae
this option shaU not conatitute a waiver oi the ri~ht to exercise the same in the event oi nuy subaequent
defaul~ Ia the event of default in the payment oi this note, and if the e ia oollected by an attorney
F st law.the underaigaed hereby agree(s) to pay aU oo~ts of collection. includ~.a reasonable attorney's iee. ,
Fresentanent, protest, sad notice are hereby waived. ~
(Stata Doaumentary Stamps s/ Fred V. Honahaa (Beal ) _
affiaed to or~ inal note Fre . on au
and aunaelled.~
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om
And ehaR dulY. Pron? . snd lully Periorm, disc6sr~e. execute, ~P~~, ~1 ~omply with and
sbfde by eac6 and every e stipulations. agreeraents. conditi~u~s. and covensnts oi asW p aote :
and oi this mortgage, tben this mortgage and the eatate bereby crexted shall oease and be null v.oid.
And the mortgagor turt6er oovenants as iollows: ~ _
l. That he wiU psy the indebtedneaa. sa hereinbetore provided. Prlvile~e ia reserv~d to p~y the
debt in whole. or in an amount equal to one or more monthl,y p~,ymenta on the principal that ara nest due
on the note. on the first dsy oi any month prior to maturity : Provided, hOwever. t~at written notice of an ~
inteation to exercise auch privilege is given at leaat thirty (30) days prior to prepayment; and. provided
turther. thnt in the event the debt ia paid in full prioi to, maturity aad at that time it is insured under .
the provisions of the National Housing Act~ he will pay to the nwstgaSee aa adjusted premium chsrge oi
one per centura (196) oi the original princip~l amouat thereoi~ except tlut in no event s1~U the adjuated
premium exceed the aggregate amount of premium charg~es which would hsve beea payable ii the mort-
gage had continued to be inaured until maturity; auch payment to be spplied by the mortgagee upon its
obligation to the Federal Houaing Commisaioner on aa~.ount oi mort~age insuranoe. ~
2 Ths~ in order more fully to protect the eecudty oi thia mortgag~e. the mortgagor. together with
and in addition to, the menthly paymenta under the terms of the note secured hereby. on tt?e'firat day o~
each month until the said note is iaUy paid. will pay to the mortgagee the following suras:
(a) An amount au~cient to provide tfie holder hereoi with i~mds to puy the nezt mortgage
ineurance pre~nium if thie instrument and the note secured hereby are insured, or s monthly charge :
(in liea oi a mortgage insurAnce premium) ii they are held by the Federal Ho~aing Commiaeioner.
~ sa followa : . .
~ (t) If and ~o lo~g u~aid note ot evea date aad tbis indenment are iasnreil or ~rs reinsured nnder tbs
E provisioas ot the National 8oasins Ae~ an anwant so~ldent to iioeumnlate in tbe hands oi tbs boldsr .
~ one (1) awatb prior to ib dns date tLe aannsl mottss~s inwsanos premiam, it~ order topro~Ide weL
Mlder with fund~ to psy ~nd~ pnminm to the Fedaral Housins Camnaitdonar pnrsaant to the National
~ Howing Aet„ as ameoded. and applieabls~o lations thereaader; or
(n) If and ~o bns a~ said note oi even date and t~hi~~instroment ue l~eld b~ tbs Fedasal Hon~int Commis-
~ sioner, s mon ~r ehu~e (ta lien ui a mortgs`e iawranes.praoina~) wWe6 s6a11 be in an amo~nt
6 eqwl to one-t~w~Iith (Ks) ot one-hslt ('Ne ) Per oa~tnm ot tbs a~era~e ont~landins balanoe dus on th~
~ . note oomputed without taldns into aoeow?t ddinqueneia or Prepaya~eat~i •
, (b) A sturr equal to the ground renta, ii any, next due, plas the premiums that will next beoonae
~ due and payable on policies oi ~re and.other hasard inaurauce covering the mortgaged property. plua
taxes and asaessmenta n~xt due on the mortgaged pmperty (all as estimated by the mortgagee) leas
~ all sua~s slready paid therefor divided by the number. of montha to elapse before one month prior
to, the date when such ground renEa. premiums. taxes, aad asaessmenta will become delinquent, auch
~ . , eums to be held by mortgagee in trust to pay aaid ground rents, premiwas. taxea. and apecial aeaess-
menta; and
~ . (c ~ All pxyments mentioned in the taro preceding aabsections of this paragraph and all psy-
= menta ~w be made under the note secured hereby ahall be added to~ether aad the ste smount
~ the f sha?ll be psid by the mortQa~or e~ch montb in a sin~le piynnent to be s~~ the mort-
~s~ to the foUowing ite~ns irw the order set forth:
~ (t) Prmvinm ehss~es nAder tbe ooatnet ot inwsanes with tbs Fedesal Hoadns Coaami~doner, or montW~
• eb~r~s (in lieo c~ eoort~ate inn~ran~s pre~oinm), a~ the nss ms~ b~;
(it ~a nd ranta. taue~. a~ents, Sre, and otber b~ard insur~aee preminm~;
- (w iaterest oa tbe nots ~red berebY: ~nd
• ' (t~ amostisation ot tba priuef pal ot ~aid note. ,
~ An~ delkiency in the anwnnt oi snch aggregste monthly paymeat shsU, nnleas made ~oo~ by the -
~ mo r prior to the due date oi the next auch ps~?ment, eonstatute an ev~ut o! default nnder this mQrt-
~~e mortgaQee may oullect a"late charQe' not to exceed two cents (2~) ior esch dolLr (~1) 0~
~ a~ich p
a
y
n nent more than flfteen (16) days in arrears to cover the extra espense involved in hsndlin~
• delinqnent pz~nnents. _
3. Tt~at ii the total oi tt?~ psymenta made by thenartgagor under (b) ot psra~raph 8 preoedins ~hall
~oced the amount oi pa~ymenb utually made by the mort~n~ee. ior ground reab. tsxes snd as~menb
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