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` ~b~t Ynt.u~ ~ the undsrsit~Md t~) to Aiu?. ~ .
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~ J. I. tISI~At ~s CO~tP'OBA'tlal @' F1~QRTn?, ~
. ~ 4o~rpo~tioa ur~ashr~d and ~xi~tfnt u~er
tlre 4w~ of atnl~ at ?loridr? ~ ar o~der. th~s prindpa! a~ at
8~1~ ~~D~ ~0 ~(DdtBD ~IFR? i 04~Y04--•~-- Ddlars (i T,250.00 with I~
iatere~t irom date at the ri?te oi Fir i r~ao?e-taurth Per oentam ( 96) Pe~'
~anwn oa the unprid bwlu?oe tu~Li! psid. '1~s s~ principal ~nd int~erart e~hsll bs payabk at th~ oAfce oi
' J. I. t~~81r1t ~E nOBY'0~1??I~I OF ~
, Plorlds or at such ott~r P~a~oe aa the ~
• ~ ~~14~ ~1~? I~CdI~ ~ ~ ~!t 1L0~11W1~ji 111i~e11~"i Ot . ~C ~~1~~•• ~ ! , ,t
Douus t; 49•09 . ooa~mencin~ on the Arat aay or ~e~y . Ys6s ~
oa the f~rst day oi naath thereaiter until ths prlncipsi aud interea~t are fuily i~aid. excePt thst the llxul s
~ paym~ra?t oi the eutire iundebtednien eviden~ed h~ereby. ii aoL ~ooner ps~d„ shsU be dne and payabk on the
8rgt d~y oi ,pril .1895
Ii default be ma~de in the p~ymecit of any instailm~* under thL uote and if suc~ def~alt is not made ~
~ood, prior to the due dste of the next euch iustaUment, Lhe entire parin~ip~ ~um and ~racrued intereat shall
at oncx becane dne and pAy~ble without notice st the option oi the hoider of this nota F:ilure to exercise
thia option alull xat oonstitute s~raiver of the t to eacerciae the same in the avent ot any subeequent
~ deiwit, In the event ai defauit in the p~,ymdit~this note, snd it the same ia oollected by stu attorney .
~t lsw; the undersi~aed her+~bY aQree (s) to p?y aU oats af oollectioa, i~nctadin~ ~ re~wn~ble attorney'e fea
Presenhnent, pt~teat, ~uad notice ~re hereby ~vsiv~
t
. •~j~ Vj 11 t r~ J_ Fldrid~~
Willia~ J. Eldrid8e
_ :
DwMs 1. S1dMdg~e
Aa~d ~h~li ch~i7~ I~+~?~y
.~~7 P~a?rm. discbat'g~e, execute. ~act, oo~aaplets, and oampi~ with ~nd
~ti~de b~ ac4 ~ad every~ tbe-atiWil~?tiau, ~~gr~en~ conditio~a. and covenaats of ssid nate
and ot this mortsa~e, then fihis nwrt~e ~nd the es#ate 4ereby crested s}u~U cease und be
n~ vaid.
And the mort~a,~or iarther ~wv,~unta as idbws :
1. That h~t wiU pRy t~he indebtedness, xs hereiAbetore providea. Prlvitege is reserved to p~,y th~
d~4 in ~vhole. dr fn ~un aano~tnt eqw~l to one ox more monthly payine~ata~ on thc princiW~l that ~re next due
on the nate, aa the flrst dsy at sny month prior to msturity : Provided,lwwev~r. thst writtea notice oi ~n?
• intention to exerci$e auch privilege is ~iven it least thir~tY ~ P~' ~ Pr'e~t ;~nd? Px+dvided
!`urther~ thst in t~e event the debt is paid iu iull W~ior ta, mstwrity and at thst time it is inaured under
the provisions oi the Nationat Houain~ Act, he will p~y to t6s ~rtg~,~ee ~n adjusted preniu~tt charge oi ~
oae per aent~ (1 qbj oi the originsl principsl amaunt t~?ereof. eaceept thst ~a nu event sh~ll the adjusted
. premium euceed the ~gr.e~ate amoant oi premiwn chsrg~es which would tu?ve been pay~bie if the mart-
~s~e had continned to insured rintil maturity ; euch paytnent to be applied by the mort~agee apon its
, obli~stioa to the F'ederal Hausing Commiasioaer au eccount of mort~e iasnrance. ~
~ 2. Ttwt, in order more fuliy ta protect the secur'ty of this mortg~?~e, the ~rt~a~ur. to~ether v?ith
s~nd in additioa to, ~he menthly W?Yments under tl~e tercns of the note s~cured hereby~ an the flrst day o~
e~ch manth until the said note ~is fully paid, will pay to the martgx~ee the folbwia~ suma:
(a) An amount sut5cient to provid~ the holder hereof with funds to psy the ne~ct martgag~e
insurs~nce pt~mium if this instrument and the note eecured hereby sre inaared, or a monthly eharg~e ~
(in lieu of a mort~a~+e insurance premium) ii they s~re held by the Federal Housing Co~nmiasioner~
as follow~ :
• (Y) Ii and Ao ba~ as aid eote ot sveu data ~r?d thir instrumeAt ase insured or are reinsured wtider t6e
proNsions of tl~e Nstaional Hauxin~ Act~ an amo~nat sut~lcisat to socumnlste in the bsnd~ ot the boWer
ooe (1) maith prior to it~ due da~ta tbe sntsus! awrt~a~s inwnYrce premfqmn~ in ordea t4 pro~de snd?
bolder ~vith fur~ds to psy wcb pt~emium to tlis Fadersl Houdn~ Coramiqio~r ptusaant to the Nationsl
g Act, ~s a~aa~ed, and sFplkab~s Re~ulwtio~~ tbe:enudder: or
(u) Ii and
w~t~s add ao~e oi e~cn date and tbu inatrn~ent ars held by the Federal Honaing C.onamis-
doner~ t nan ~(in liao of w mort~ag+e in~arsros pxemnfmtt? w}ilch abaU be ia an ~mount
equal to ar~e-~ftk oi one-haii ) Per eea~tnm oi !he sv~ersge outstsndin~ bslance dne on tche
note a~sp~tled ~sithout ta~cin~ into aeeo~unt deliuqneAdes os P~M?Y~~t+i
(b) A sum equal to tlxe gxound rent~, ii any, n~ due, plns the premiums that will n~t bec~~ne
due a~d p~?y~?ble on policiea oi Rre and other hw~rd insurance oov~riug the mortgaged prnp~ertp, plus
tf~xea ~tad aa~essmenta ncxt due on the mortgaged property (a?U s~s, eatimated by the rnortgagee) leas
. a11 auma ~y pa~id thereior divided by the aumber. of munths to elAp~e before one month priox
to the date when auch ~ron~d renta, premiuma, taxes~ and asseasments w311 bec~me delinquent, ~uch
, swra to be held by mortgagCe in tnist tc? ~ray aaid ground rents, premiwna, taxea, and spec,ial asseds-
. a~ts; a~
~ . . (e) AU payments mentioned in the twa pr~aceding suh~ections ot t3iis pu°~g~raph ~?nd all p~q-
na~nts to be ~c?ade under ths note s~cured her~b~r shAll be ~?dd~d to~the~ ~?nd the te amount
thereoi ~il be pRid bY the mortp~or ea~eh month in • sia~ psyment tA be ap9~ tl~e mort-
r ~~~x~ee to the foUowins it~ns in the order set forth: , ti
(i) Pnmiam eiusr~s nAder t!~ aontrset oi inwraioa with the Fed~eral $oe~in~ CaamniaioAer~ or mont~4Y
' , . eba~r~e (in lian o1 ubrt~ars insuranos p~mivm), as th~ pw mn~ b~: c,
(u) ~rouAd reats, trx~s„ s~nenta. Art, ay~d otlrsr h~trd i~nrarioe px+emiaa~as;
~ (~n) iaterest on tbe aoR~? ~eeared beseby; u~d ,
(rn) ~wrtixntion oi tlie prindp~l ai ~aid note.
An~r del~ciency in the amonnt ot owch ~te mbnthty ~yntettt sh~tll, ank~s made ~ood b~? the
prior to the due dxte of the next such p~~?me~nt, ~nsk~tute an e~?ent o! dei~wtt nnder thia rnortw
- ~ xaort~sgee auy wltcct s"late chax~e iwt to eiceed two cents (4.~) ior e~ch ddl~r (;1) of
~ p~r~at more tluu? ftiteea (15) d~ys in arreu~s to ca~?er the e~ctra eacpeYUe invatved in bandlii?~
~ . ddinqt~eat p~ts.
; E. T'hat it the total of the p?syme~b m~de by tha mart~ar uuder (b) at Psr+~rsl~ Q P~~Wt ~
' as~ed the anwunt of DaYments sctwlly made by the mort~ee, for gro~und rent~. taxes atid :srea~me~eb
i ~~.15 R .
~ . ~ C~ ~~.5 2i6