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!bR VALU! R~RtY=D, t~N tlbdel'~1jDOd A~w~~~ ~ P~17 ~
i J. Z• EISLLY I~8'PGIaS C0~0~1?'1'lC1~ lLO~T~? • ~
( ' , a e~rpqration orsanised and ~ci~tin~t under !
~ fhe lsws oi Slat~ ot ?lorida . or order. the principai amn o~
~~t ~ause~, 1~ HWr~ a~ 00/100 • - - • - Douara (i 1T,9oo.00 with
interat i~ro~n dste ~t the nte ot pi.s & one-roorl~h per oentum 5} 96 ) Dsr
annwn on the unp~id bslanoe anHl p~id. Tl~s e~id prtncipal and int~ere~t shaU be p~Ur~bie st ths o~os of
~ - ~ J. I.~~IJI~~~GS CO~O~A'1'i~ o-
r at a~ch o~he~r plaoe as the
bolder may d~si~aste in writi~, in mont~r insp~~ents a2 ~II~'~?•SIC~' b 99~100
Dollara (i 98•99 oo~mmenc~fn~ on t2~ 8rat.dp+ oi ~b ~ ,18 65 . and
on the l~rst day of each aanth thereafter nntil the prlncipwl and interest ars !WU? Paid. e~ooept tbat the !lnsl
p~yment o! the entire indebtednees evidenaed hereby. if not sooner prid. ahaU bs dus and psysble on the
~ flrat d~y of I~,~?8C$ , is 95 •
~ It def~nlt be m~de ia the p~,yment oi any~ inat~Umeat nnde~ thia note and ii sucb deisnlt is not ma~d~s .
# rood prior t~ the dae date oi the next such installmeak the eAtire prlncipa~ au~n and ~o~rved interest ah:ll
at onoe beocme due and p~y~ble without notice it the option oi the holder of thia note. Fi~ure to euer~i~ee
~ this option~ aha~ll not oonstitute a w?~ver o! the ti~ht to exercise the aune in the eveut oi ~?ny aabsequent ~
; detault In the event of def~ult in the p~ymeat ot this n~, ~nd i! tba aame is oollected by an attorney ;
: st L?w~the underaigned herebY a,~ree(s) to psy all costs of o~Uection, incIudin~a reo~sonabie atbarney'a fee.
Preaentanent, Proteat, snd notioe ~+e hereby waived.
- . ,
~ . ~al llaa Biddleoo~ Eice
~3~n ~lecom Ktce
- . ' ,Ial Josephia~e B. Rice
Josephine B. Rice
~ And shaD da1~?. pe+oet?pt~/. ~nd lnDY pertorm. ~ e~cecute, e.ffect, ooaaptete. and compi~ with and ~
abide by ach snd the atiputstions~ ~reemeats. con tioas, and ooveaants o! ssfd ~nd note
; aad of thLt martgs,~~ this mortg~ge and the estste hereby created shall oease and be nnll void.
~ " And the mort~or lnrther oovenants ~s follo'vs: . . ~
i 1. That he wlll p~y the ~ndebtedneas, as hersinbeiora parov3ded. Prlvile~e is reserv~ed to p~y the
debt ~n whole, or in an ~waount equal to one or more monthli+ p~ymwbs on the p~rincip~l tl~at sre neut dna~
' on the note, on the lirat d~i o! any month prior to maturity: Provided, howeVer, that written notioe o! sn -
intention to exerciae such privilege is ~ven at least ti~rtY (~1 ~ 1~Qr to t t t; snd. P~'~vided
fnrther, that in the event the debt is paid in iu11 prior tg msturity and at tbat it is ~sured m~der
{ tbe provisions oi the National Hou~ing Aet, he will p~y to the mort~e an adj usted praniam ch~?r~e o! ~
i one per oentam r196 ) o! the original prlncipal amouat ther+eof, e~cogpt t~uat in no eveat shsU the ~nated
~ premiun? exceed the q~.reg~te ~Amount oi premium char~ ~rh~ch w~ou~i have been pa~yuble ii the mort-
; guge had continued to~be insured uatll n?utniity; anch p~meat to be applied by the mortg~e npooc~ its
; obligation to the Federal Housing Commiasioner on aowuat o~ mort~ag~e insnranoe. .
2 That, in order more fully to protect the secndty o! this mortga~e, the mort~or. togethet wi{~,
' sund in addit~on to, th~ menthly ents nnder the terms oi the note sectu+ed he:+eby. on the flrat day ot -
esah month until the said note is~
ll Ps~td. w~71 pay to the mort~gee the iollowb~ sams:
(a) An amount aul~cient tfl provide the holder here~i with im?ds to p~y the nest moi
tgag~e ~
insurance pr~aium if this instrunnent and tbe note secured hereby are inawred, or a mon ch~rg~e .
~ (in lieu of s mortgage inaurance pr~emiwn) i! they sre held by the FederAl Housing C~a~~oner, -
as followa: .
(t) Ii and ~o lo~ ~u aaid note at e~ren dab and tbL indsoa~at are i~nued os ars reinsored widar ths '
pra~isioa~s ot tLe NWo~ul Hondns Aet, an anwant sumden! to aoeomalsts in tLs bsnda ~2 tLe boldar
one (1) mos~th prior to ita dne date the aannalm~rt~p iapr~anoa prem~iam. fa aidsr top~~ andi
+ . bo~der with l~~da to ~raneb prs~ninm to tLs Fedaral-8-oadns Comomiadaaes pnrsnaat to ~hs Natla~al
l H e Aet, ~s an~ie~ i. and applia6ds ~ therewnder• or .
k (a) Ii sad
a~oa~ as add nots oi eren daos andB~h3~ ~ln~trmr~t sre I~d bZ tbs Federal Hoadns Cao~mii-
doner. w mo~?t~l' (ia lien oi s mortgass hunrana premimy w13eh ~hall bs in an smom~nt -
r eqosl to ~a-twelith~) oi o~a-hali ( i~i ) P~r oe~itam o~ tbe arerars oat~taadid~ balanee dw oaa tbe
note oompnted wltboat tal~inr into aoo~nt ~ ce prs~7maats:
(b) A aum equal to the gr~und rents. ii s~?. ne~ct dnR plns the preaaiums that' wtll next beoame
due aad pzyable on policies of flre and other haz~trd insuraaoe oovesln~ the mort~ged property~ plas •
taxes aad aaseaaments next due on the mortgagedpropert~ (all as estimst~d bq the mortgsg~ee) leas
atI ~ already paid therefor divjded by the anmber. oi months #o elapae befora one month prior
to the dste whea auch ground ~en?ts, premiums, ts~cea, and assesementa-will beoome delinqvent, auch .
auma to be held by mortgsgee in trnst to p~y said Sro~md r~?ta, P~a~iums. tases. and sl~cit~l sseeea- .
menta; snd -
(a) Atl ts meritloned in the two precedin~ snbsecttons ai this p~raQraph and at2 p~y
th ~~sh~iDn~
b~thei
~ secured hereby shall aadded to~ethec aad the p~e~ste amount :
ereot Pid Y rt~ag~or each matth in sia~ piynuat to bs a~p~l~ed b~ the morE~
' g~ee to the lollowint it~ns in t6e order set iortb:
~ ti) P~~ ~~Mr tbs eoatraet at imnraAe~ witb t~ lred~ral Boodn~ G~aesmiado~er. or moathyr
(tnlN~ ~ mortsare ~snra~ paemia~m), as ths ws auy br,
(s s~t~ti~oe~, a~s~ent~. ~rs. u~d other basurd in~wrsnet pYwntmnsF ~ -
~w
` a i~
bam
~atloa ~
~ ~
~ nota ~ =
L~p ~de~c7? in the aanoant oi sach ~g~re~ate monthly p~mna~t shaU; amle~s mide ~ood by the .
: ~a~c prlor to the due date oi the ne~ct auch t~ oonstitute ~n evez?t oi defaak aader this morw
; ~ax,re.~ The mort~a~+ee mp? a,itect a"late aet to e~zoeed t~?o a~b (Y~) tor eacb dolL~r (;1 at
~ eaa~h pyrineat aare t~un !fi'te~a (16) d~?s in are~ears to cwer the eutrs e~psnra invaived in bsnd~in~ _
` e1~t P~U?~~
r
3~.~ Thst i! t6e bo~tal oi tLe p~iym~ts a~de b~r tbe nw~rt~or nnder (b) c[ p~ra~raph ~ preoedia~ shsII
e~oeed tlie ~mount o! o~aY~~nta utually made by the aart~~ee. ioar Rraand raib, ta~ca and ~b
~ ~ p.R' q
~ 80;;R ~~4 FjCf ~~V ~ .
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