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FbR V~t.ue R~cs~vs~ tl~e undersisoed R~~(~) ~ P~V ~ .
ATI~ FINANCIAL OORPORATION
tbe laws oi lklsMare . a o~rpwratbn orsanised aad exiatins uoder
. or order, the psincipal wni of ~+elve thouaand
nine huadred and No/100 -•-•-•---•--•---•--~oil~rs 12.900.00 with
Int~rest ira~m date ~t the rate oi P i ve ~C Oe e-Qu a r t er Pe! ( S~ 96 ) per
annum on the unpstd balanoe antil paid. The said princ~psl and interpst aAsll be pays~ble at the o~ce of ~
ATI00 PINANCIAL OORPORATION . ~
in Ali aei 1. Plor id~ . or ~t such other plue ~a the ~
Lolder msy design~ite in writin~, in nantbly installments oi Seventy-One and 34/100 =
Dollara 71.34 ooa~mencin~ on the rirat day oi ~ April ,1965 ~ snd
on the tirst dsy of each month there~iter until the princ~pal and interest are fu11Y Aaid. escept that the f[nal '
payment of the entire indebtedaess evidenoed hereby. ii not sooner psid. ahalt be due and pa,yable on Lhe ~
ttrat day of March . I89S , ' -
If def~wlt be m~de in the payment oi any i~natallment under this note and if sucb defdult ia not nnade ~
rood prior to the due date o! the aext such installmenl, the entire princips~ aum and ~ocrued intereat sr.~ll _
st oenoe beoo~me due and puyable without notice at the option oi the holder oi this note. Failur8 to exercise
this option alull not oonstitute a waiver oi then~h
t to exercise the same in the event of any sub~equent ~
~ defa?ulk In the event af default in the payment oi this note. sad if the asme ia o~llected by an attorney
st hw.the uadersigned herebY aSree(s) to P~Y all coata of oollection, incl~din~s reasonable ettorney's fee. ,
Presentment, proteat, and notice are hereby wxived. ' ;
s~:_John 8. Colcord ~SFAL) ~
(State Docuoentary Stamps John E. Coicord
affixed to ori inal note
and cancelled.~ ~
- sl ~la_ncy 1~, Colcord ,~(SPAL ~
- Nancy M. Colcord ~
And s6dt du1Y. Promp~y. atnd in14 Pei'lorm. dVchsrge. execute, eSect, oamplete, and eomply wtth snd
aNde b~ each aad~ve~ tLe atiP?~lation0. ~r~enta, oonditior~a. and oavenants oi s~id pmsnisaory note ~
•nd oi this mortg~s. then ttua nwrt~e and the eatste bereby created shall oea~se and be null and void. :
~a s~e m~w~t~ i~~ ~~~t~ ~ io~aa:
1. ZLst lie ~1 pay the iadebtedneaa. ~s hereinbetore pmvided. Privileg~e is r+eaerved to psy the
debt in whole. or in sn amownt equal to one or more monthty p~yments on t6e principal that are next due
on the note, on•the lirat day of aay month prior to maturity: Pravided, however, that written notice of an
intention to ezercise anch privilege ia given at least thirty (SO) days prior to prepsyment; and. provided
inrther. thst in the event the debt is paid in full prior to, maturity and at that time it ia inaured under
the proviaions of the Nationsl Houaing Act, he will pay to the mortgagee an adjusted premium charge of
one per ecnt~n 96 ) of the original principal amount thereoi, eucept that in no event shaU the adjuated
pa+e~nium exceed the a,ggregate amount oi premium chargea which would lu~ve bcen p~yable if the mort-
~ag~e had continued to be inaured unta'I maturit3•; such payment to be spplied by the mortgagee upan its
obligation to the Federal Houaing Commieaioner on sceonnt of mortgage inaurance. ~
2 T6st, in order more fullq to protect the secudty of this mortgage. ttie mortgagor. together with, :
and ia addition to, the menthlypaym ent$ under the tera~s of the note secured hereby, on the first day oi
each month unt7 t6e said note is fuUy paid. wiU pay to the mortgagee the ioUowing aums:
(a) An aanount su~cient to pmvide the holder hereof with funda to pay the next mortgag~e ~
insurance premium- if thia inatrument and tfie note secured hereby are inaured, or a moathly charg~e
(in lieu oi s mortgage insursnce pr~emium) if they are held by the Federal Housing Comraissioner,
as iaUowe :
(t) Ii and ~o long as said note of even dst~ and thi~ i~uttnmeat are insared or srs reinanred nnder t1?~
- proviaioas oi the Nstionsl Honsing Aet, an smount snflkient to aoeumnlste in tbe handa of the Mlder
one (1) month prior to its dne date tbe snnnsl nw inaaranoe preminm, in order to provide sue~
bolder witL fuads to pay anch premium to the Federal~onsins Commissioner pnrsusnt to tbe National
Honaina Aet„ u smeaded, and applkabls Re~nlatiwu tl~ereander; or ~
(D~ IZ ilfd ~O IOD$ i~ tila DOtE O~ EYla dste and tbu iastrvment wre beld by tbe Federal Aoasing Comnair 1
doner. s monthl ~(ia lien oi a aartgaas insuranes pt~emiua) whieh shal! be ia an amount . -
equal to one-~th ot one-baU ('~!i ) Per oeut~ oi the ~?~eraae ontdanding b~lanoe dus on the
note oompnted wit6out talcins into soeo~nt ddinqneades or Pr~Yroenb:
. (b) A sum eqnal to the ground renta, if aay~ next due, plus the preminma that will next bec~me
dae sod p~ysble on policies oi fire and other hasard inaurance coveriag the mortgaged pmperty~ plua
t~c~a sAd aasessmenta next due oa the raortgaged pmperty (sll a8 estimated by the mortgagee) less
a11 sums slready paid thereior divided by the number. of montha to elapse before one month prior
to the dste ~rhen such ground ren~s, premiuma, taxea, and assessrnents will beooine detinquent, such
aums to be held by mortgagee in truat to pay said grouad rents, preminma, taxes. and apecisl assess- ~
meats; aad .
(e) All payments mentioned in the two preceding subaections of this paragraph and >tU pay-
ments to be made under the note secured hereby shaU be added to~ether and the ggregate amount
tharsoi shall be p~sid by the mortgagor each month in s sinale pwyment to be apptia
ed bq the mort-
saaee to the following items ia the order set forth: . ~
(t) premium ehar~es nnder the ouatraet oi insoranee wit1~ the Federal Hwsina Commiasioner, or monthly
~ ehar~e (in liea of mort~a~e insnratMS pranium). as tLe eaae msy be;
(u ~ound renta. ta~~es. a~enh. Sre. aad other ha:srd ia~oranoe premtna~;
(m~ interdt on t}~e nots ieenred l~ereb7: ~nd .
(tr amortis~tion of tLe prindpal oi aid note.
A~Ur detkiency in the amount oi auch aggregate monthly Qayment ahall, anleas made ~od by the
t~~ prior to the due date of the next such p~t~nent~ oonatitute an event oi defiult under this mor~
:~e.~ Tbs mort~agee maY collect s"late chsrg~e' not to exceed two cent8 (2~) for each doll~ur (;l) o!
e~d? p~mmt more than ftiteen (ib) days in arresrs to cover the e~ctra e~~pense involved in hsndlin~
ddinqumt p~ymeata.
3. T6st ii the totsl ot the paymenta made by the mortga~or under (b) oi p~ragrsph 2 preced'urg shell
e~aeed the amount oi payments actually made by the mort~agee, ior ground rents. taxea aad saeea~ments
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