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Tbs Mo~ga~or bereb~ oo.eaana ..ith tbs Martg.~es, tbat bs is indeE~~ .ased ot eaid Lad in ies
s
~p'~s oe suoh otLer estaLs~ it aq~ as is swted Lerain; tbat he L~s htII puw~ee ~ad l~w[nl right ~o oon t6e w~~ns
~i afie+esai~d; t~hui t~Ls land r fres ~roa aII documbraooes ezoept ~s berein otberwi~s reaited; t~h~t aid~ortg~g~or
will maka suo4 fartLae ~s~anoe~ ~o p+o~s tb~s doresaid iitL~ `o s~id 4nd in e~id Mortg~es ~s ma~ bs:~son-
~will
dat~'end~t6s wns
~~~tbs~Lwid daims~of ail pa~so~~ ~Dd' and e~er7 Pari ~h~ot~
~ P~oo~msa ALwsia thst if tbe Mo~tga~o~r ~ba11 py unt~o tLs Mortg~ges t~t cer~in p~romia~o~ nots, oi
w~h f~h~s L~lb~ving is a wbatsat+al ooP7. ~o wt~:
i18,600.00 Fort Pierca , Fio~~da.
May 18th ,19 66,
Fos Viws Rscs~s~. tbs undenip~ed Pe'omi~e(e) ta PiU? to
VA2IGUwRD MOFtfitIA~GT C0~lPAI~lY,
, a eocporation o~,animd and eadstins nnder ths
lsws at Florida ~ oc ader, the p~inap.l snm at Eighteen ThouQaad S;ac Huadred
and No/100 ----------------------~oilaes (iI8,600.00 with int~ec+eet from dste at
tbe este atFive 8c Three Quarter~eir eeatum 6 3/4~fo) pe~' annum an tbe unp~id balaaoe aat~ pdd.
1be aid p~pal aad int~ere~ sball be p~y~tile at tLe o~oe of VAldt~JARD NORTGA~GE G~OMPAIdY,
71q0 Biacaqne Boulevard ~
m M f am I~'lor id a , or at euoh o~her plaee as tbe 6dder msy des~ste in writina
del;verod ot ma;led to tLe debtor, in moatLf,y instaument~s d0ae Huadred Sevent~an 8t 02/1101~ats
117 .OZ oommeacint aa tho 5nt dsy of J~y . i~ ooatinuins on ~Le
first di~ of each aiontb theresfter unt~1 tLi~ nots is fnlb Paid, ezcepti thst, it n~t sooner paid, tbs Snaipsyment
os P~P~ intereso ahaU be due sad pyable on tLe fi~ da~ of Jnhe , i~ 91.
~~s reserved to prepw at qy tim-e, withonti premium ar te~ tbs entire indebtedness or a41 P~
tire~eo~~notlers tbaa ths amoun0 oi ones insta?ment~ or one hundred dollars (=100.00), whiche~er is lsss.
It ~ de~enc~ in tbe p?yment oi aqy i~tallment nader tbis note is no~ made good psior to the dae datie
of tLs ne~ sach ~stallment, the entu+s p~ipal sum and aoer~ed interest e~hall at once beouane due aad Fy
a
•ble without notioe st tbe option of tbe ,holdes oi tbis note. FWurs to ezen3ee this o ti~n aLall n~ut co~btute
a waiver of ths right to eo~ercies ~Le eame ia the eveat of aay snbseqnenti d~sul~ In e~eat o~ de~anlt in ths
P~?Ymea~ of tbis note,.and it tLs ~ams is~oo~lbcted b~ an attor~ at hw, the uadereigoed hereb7 s6~(~) ~
P~7 all oost~s o~ aollectioa~ including ~ ~^os~e ~?ttorae~'a fee.
Tbis note is ~ec~u+ed b~ od even date e~ecuted b~y tbe undee~ned ~ oerta~n propert~ deecribed
tLecein and rspa+esenta monejxw~~y used ior the aoq~ntiou oi aaid pa+ope~j ar tbe impz+ovemsnts thee+eo~n.
Pi+aeattnent, Fnote~t. and notioe ara herebj waived. . .
(State Docuaientary Stamps s/ Donald Wayne Cline
eff i~ced .to original note na ayae ne
and cano~lled . )
a/ Mar9 L. Cline
Mary L. Cl ine
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And ahaU dWy. P~F~Y, ~~Y P~~. execute, e~ect, oomplete, aad oomp}y wit1~ aad abide
by ee?cb and ever~r tbe stip~ilstaaos, a~eements, oonditiona, aad ooveaanta of ssid pramieeory aote and at tbis
mortgsge, tbea tWs mortgp~e aad tLe estste hereby created ehall ceaee snd be null aad void.
1'6e Mart~os furiher ooveaaate as follows:
1. TLst be willps
y t6e indebte~, ae hern.inbefore provided. Priv~ege ia reeerved to preps~r at anY time,
witbout~
um or f~e, the mtire indebtednees or aay part tbereof not lees t6sa the amount d one mstallmeat, ac
one hm~dred ddla:s (i100.00), whicbev~ is 1e~s.
2. In order tnor~e fully to pratect f,he eecurity of this mortgage, the Mortgagor, together with and in
addition to, the monthly payments under Lhe. terms of the note secured hereby, on the first day of cac~? month
until the aaid note is fully paid, will psy Lo the Mortgagee, ss trustee, (under the t~ern~s oE this trust as herein-
after atsted) the following sums: .
(s) A eum ec~u~l to tbe 6roand reata, if any, nezt du~e, pWatbe premiuma t,hat will aext beoome due and PsYab~
an po~des of S~+e aad aRLer ha~rd 'msnranoe ooverin~ the mort~ed P'r'oP~rtY Plua taues and see~aments
ne~ct dne an tLe moetaaged PropectY (aU as e~msted b~ the Mort~gegee an~ of which the Mortgngor is
notified)lees aII sums~y paid therefor divided by the numb~ o£ moutha to ~ be,fore one moath ~
prio~ to t6s date whea sni~i ~e+ound reate, premiums, tau~~es, and saeeesmeata tieoome delinqueat,
eneb a~ms to be hdd by Mort~eeintn~sttopnyesid~+oundreate~Premiuma.tues,aad8pecialaeeeeementa.
(b) Tbie af t6e amounts puesuaat to subpsra~raph (a) aad thoee aa•th~e note ~ecured
, eh~ll be paid ia s' p+?ym~et esoh mont6, to be ~pplied to tbe it,ems in t~Le order
T6~~~~
(n 6~~ ~d ~r hssRrd insuranae premiuma;
(In ~ntee+est an t~e note secuned hereby; aad
(III) ~ma~f~isstion d t6s PrineiPal ot e~id no~e.
Any.de6ciency in t6e amount of suc6a~r~te mot~ payment sball, unless made by the Mort-
gagar prpr to the due date o[ the next su
~cbp syment, conswtu~e an event of default u er tLia mo tgsg~e
AL Mortgagee a option, Mor~sg~or will pay a bts c6srge Yat ezoeeding four per centum (4%) of any n~s~71-
ment ~vhen d~ore t~an-fifteen (lb) dslqs Jter We due d;te thereof to oover the extn expense involved in
h~ndiing de~quenti p~ ta, bnt suc6 ~'Lte charge" 's1u11 not be psyabla out ot tLe proceeds of any sale
made to sat~y the ~t~ees secured hereby, unleas such prooeeds are su~cient to d~c~e the entire
indebtednees aad aU proper costa sad espenses secured tLereby.
3. If the total ot the psy-mente made by the Mortgagor under (s) of paragraph 2 preceding shaU ezoeed
the amount of psyments actuslly made by_ t6e Driottgagee as trustee, for ground renta, tazes and asec~ements,
and inaurance prer~uums~ as the case may be, such eu.ees s~sil be credited on subsequent psyments to be ma~
- by the Mo r for such itema or, at Morigagee'B option, ag trustee, ahall be re(unded to M ' jij,
however~ a~monthly~psyments shall not be sufficient to psy such iterrm when the asme ah me due
aadp~y
sble, then the Mortgagor ahall pay to the Mortgagee, as tn~atee, sny smount neoeasary to ma1~e up
the deficiency. 3uch psyment al~all be made within thirty (30) days a(ter wntten notice from the Mortgagee ;
s4t~ng tbe amotmt of tbe de6cieaay, whtch notice may be given by mail. tbe r shall
~o x~~
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