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rbR VALIIS R~(~YID~. tl1s Itakni~ned P~o'mi~~i~ ~ p4 ~
~ 9TOCSTQi ~ VB~TI~S7~ ~lYlll d~ Cf~P~tY '
! ~ ~ ~ a~rpor~?tion or~?nised ~wd axiatins under
the I~ws oi Stst~ of Florids , or order. the prtncipsl sum oi -
TVELVS THOQS~AN~ do 40/100 - - - - • • - - - - - - - Dollua 12,000.00 with
intereat iraa date at the rats ot Five do one-fousKh per centum ( 5} P~
snnwn on the unpaid balanoe untll pald. Ths sstd princip~l and intereat ahsll be psyabk at the o~oe oi
STOCKTQi~ VBATI,EY~ D1VIN & COI+~dI~1Y
~n Jscksoaville, Florida . or at such other plaoe as the #
holder ayy d~signste in writin~ in n,nthly installnaents o! sIxTY-SIx ~ 36/~00 ,
Dollars 66.36 ~~ommeacinS on the 8rat dsy oi MAxCS .19 65 , and ~
on the first dsy of e~ch month theresiter until the princip~l and interest are iu11Y Paid. excePt thst the ftnal
payment oi the eutire indebtedness evi denced hereby. if not aooner psid. shaU be due and psYable on the
tirst day oi FEBRUARY .18 95 • .
Ii default be made ia the p~yment of any inslallment uader thia note. and ii sucb default is not made
~ood prior to the due cLte of the next such iastallmenk the entire princiPal sum and aocrued interest ahall
'st once beoome due and p~yable without notice at the option oi the holder of thia note. Failure to exercise
thia option shall not conatitute a N?siver of the t to ezercine the 8ame in the event oi any subsequent
defsulk In the event of defsult in the payment~this note, and if the same is collected by an attoraey ~
~ st law.the nndersigned herebY a8ree(s) to P~Y sUcosb oi oollection, includin~.a reaaonable attorney's fee.
Presentment, pmtest, snd notioe u~e hereby waived. ~
•
ls/ &lrrin E. Frf edman ,
~~w~n E. e ~
_ ;
' ~ . ~ ,~s~ Jeaa F~iedmen .
~ Jeaa Friedma~n ~ .
And ahaII dn17. aad !'n14 P~o~, ezecnte, eSect, oomp,ete, and oomply vrIth snd . -
sbide by each and e~ver7~the stiPu4tions. a,~+eemeata. conditions, snd oovenanta oi said promiasoi9 note
sad of this mortg~ t6en this mo~rt~a~e and tlle estste hereby erested shall oease and be null and void.
And the mort~~or !nrther oovenaats as tolbws: . .
1. Tl~t he ~1 pai,y the indebtedaess. as hereinbefore provided. Privilege ia r~served to pay the
debt in whole, or in aa u~wnat eqw~t to one or more moathly p~yments on the princip~sl that are next due
on the note, on the first dsy of any month prior to maturity: Provide~, however. that written notice of an
intention to ezercise aach privileg~e is given at leaat t6irt3? (SO) dsYs prior to pregayinent: snd. Provided '
further, thst in the event the debt is paid in iuU prior to, maturity and at that time it ia insured nnder - ~
the provisiona of the Nstional Housina Act, he wiU pey to t6e mortgagee an adjusted pre~uium charge of
one per centum (196) of the ~riginal principal alnouat thereof. escept that in ao event sliall the adjnsted ~
premium exceed the aggre8ate amount oi premium chargea which would have been payable if the mort-
gage had continued to be inaured nntil maturity; s~ch p~yment to be applied by the mortgagee upon its
obligation to the Federal Iiousing Commisaioner on acoount oi mortgage inaurance.
2 That, in order more fnUy to protect the aecucity oi this mortgage, the mortgagor. together with.
and in addition to, t6e menthlY p$Yments under the terms of the note secured hereby~ on the firat dsy of ;
each month until t6e said note is fuUy p~aid, will pay to the mortgagee the foUowing sums: ,
(a) An amonnt au~cient to provide the holder hereoi with funda to pay the nest mortgage ~
inaurancE premium if this inatrument and tfie note secured hereby are inaured, or a monthly charge
(in lieu of a mortgsg~e inaurance premium) if they are held by the Federal Houaing Commisaioner.
as follows : .
(t) Ii and ao lona as aaid note oi evat date aad tbis instrtinient are insured or ue reinsared nnder the
i provisions oi the Nstional Housina Aet, an amonnt somcient to ~eeumulste in the hands of the boldu
one (1) amoth prior to ita dne dste ths ani?asl nwrtgage insusanoe pnminm~ in order to provide sue~
i
Mider wit6 tnnds to pa7 a~x~ pnmiwn to ths Federal Hoasin8 Commiss~oner pnrsaant to tbe Nstwnal
` ~o~na Att. ss ama~ea, at~d appliesbls Regnlstions t6et~ennder • or -
; (a) It aad w lona s~ said note of evea dste and thu instranoad are heW b the Federat Housing Commis-~
~ sioner. s montbly~hsr~e (in ljen oi s murtga,~s in~nranoe premium~ which s1u11 be in an amount
; eqnal to one-twditi? (~s) oi ontbalf (~1li ) per centum oi the wverage outstaading balsMe dos on the
t note oompnted witlwut tabng into aeoount ddu?queneiea or P~WY~av:
(b) A sum eq~l to t6e gronnd rents, if any, ne~ct due, plna the premiuma that will next beoome
~ - due and payable on policiea of fire and other hazard inaurarice eovering the mortgaged property. plua
~ taxes and aseesaments ne=t due on the mortgageo property (aU as estitnated by the mortgagee) lesa
, a11 sums slready p~id therefor divided by the nuraber. of m~nths to elapse before one month prior
: to the dste when such ground r~nta, premiuma, taxr,s, and assessments wiU becorae delinquent, such
~ aums to be held by mortgagee in trust to pay aaid ginund rents. premiums. ta~cea. and special assesa-
~ menta; aad ~
~ (a) A11 psyments mentioned in the two precedin8 subeectiona oi this paragraph and all pay-
ments to be made under the note secured hereby ahall be added together and the aggregate amount
~ thereoi ahall be psid by the mortga~or ~ch month ia a single payment to be applied by the mor~
gagee to the iollowina it~aas in the order set forth:
(i) Pr~iom el~ar~es nnder tLs eontraet ot iosaraues with tbs Federal Houdns Commiasioner. or montlil~
e~at~a (ia liea ot mortaate insor~nee yi+~minm). as tbe eass may be:.
(II ~etiwnd rent~. t~n. ao~aneata. Me. sad ot6er b~ard iasnzaaee prefn~uau;
(m mterest oa tbe wots seenred 6erebp; aad .
(t~ amorti~doa ot tis prindpal a[ aid note. .
An,y delkiency in the amouat of such aggre8ate monthlY ~aymeat ahall. unleas made good by the
wortgAgor prior to the dne date of the nezt such pa e~k eonst~tute an event o! deisult under this mort~
tag~a. The morteaSe~ aW? eollect s"late charg~e'~
not to exoeed two centa for esch dollsr (il) o~
each psyment more t6sn 8iteea (ib) dsys in srresrs to oaver the extrs expense involved in handlin~
delinqaeat p~rtn~b.
3. T6at ii the total oi the psymeata made by the mort~or nader (b) oi paragnph 2 preoedinQ ahall
. ~ ~ceed the aawunt oi v~symenta actually made by the mortgagee. for ge~ound rents. taxes snd asa~eaivnents
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