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said moctgagoc dces I~ereby fully werrant the title to said land. aad eve~y p~ad thereof. and witl defend the same
against the lawtul claims ai all pecsoas w6omscever.
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PROVIDED ALMAYS. and tl~ese pcesents are ezecuted a~ delivered npon the tollowiag coaditions, to wit:
The mactgagor ag~ees to pay tbe aartgagee. or otder. tbe priacipel eum of
SIGBl~ ?HOQSUTD 8811~ ~D~ and 00~100- • - • • • • • • • - - - - - - - - - -
Dolla~s (S 18~700.00 aa evideaced 6y • note oE evea date becewit6. with iaterest from date at the
rate of fiT~ ~IId ~N~fOM1lrth Per ceata~ 3/4 yG) Per aanum ea the uapaid balance
uatil paid. The said principel and interest shall be poyable at tbe o6ice of
BTOCt?~ ~ YBl?L~l, ~?1/I~ d~ CO~Z, 100 Y~~t BaT Str~~t ia Jaalcsoavill~, Florida,
oc at s~b other plece as the 6older of tbe aote ~oay desigpate in wciting, in eaathly installments of
p~~ HDIfDB~D a~d 21~100- - - - - - • •aollars (S 109.21 commeacing oa
the first day of D~O~b~ . 19(~ . ard an tLe ficst day of each oooth thereafter untiltheprincipal
aad interast are fally paid, e:cept t6at tbe final pey~ant of pciocipal and intetest. if not sooner paid, shall be due
and payablc oa the fust day af ~o~~ab~~ 1~6. :
Aad s6a11 dulq. pcooptly. and fally pedocs, diec~arge. esecnte, eKeet. coopiete. aad comply ~vith and abide
by each and every the stipulatioos, ag~reemeats, cooditiaos, and cavenants oE said pcomissory note and of this
mortgage, then t6is matgpge and the eatate 6eceby created sbail cease and be nnll and void.
And the martg,agoc fnrther caveaa~ts as folla~s: .
1. That he will pay the indebtedness, as 6ereinbefo~e pran?Ided• PriirfleBe is rese~ved to pay t6e debt i~s Whole,
~ ia aa amouat equal to one or oa~ oontblY Pell~nts on t6e priacipol that ace aest due m ihe note, oa the first
day ot any moath prior to maturity: Provile~. ho~we~rer, t6at written notice of an intentiaa to esercise such privilege
is given at least thirty (30) days prior to grepoyment; and, pcc~?ided fmtl~er. th~t in tbe eveat the debt is peid in
full pcior to maturity and at d~at tioe it is insured mder tbe proarisioas af the Natiooal Honsing Act, he will pay to
the modgagee an adjusted p~emino charge of aoe per centum (1%) of d?e origin~l pcincipel amonnt theceof, except
that in ao event sLall the adjusted premiom ezceed the agg~reg~te aoouat d peeminm charges which aould have
been payable if the mo~tgage had continued to be inswea until oatacity; s~ch poyoent to be applied by the mod-
gagee upoa its obligration to tbe Secretary of Nonsiog and U~ban DeveloQoent on aoconnt of matg~age insnrance.
2. That. in ocder mac fnlly to pietect the secority oE this oort~age, the ~a~tgagar, toget6er with, and in addi-
tioa to, the moathlY Pal?~nts uuder t6e teros ef t6e nde secared hereby. an the first day eE each mont6 uatil the
said note is fully paid, will pay to tbe satg,sgee tLe foUawing sams:
(a) An amount sugicient to prorlde t6e bolder benoE vit6 [mds to pap tbe nen so~t~ee insnnnce prem[um it t6is instra-
meat andthe note tecured 6ereb~ are iosored, or ¦~ontl~l~ char~e (in lieo ot • so~teaee Insnraoce premium) i[ they are
6eld b~ ffie Secretar~ oE Houain~ and U*b~n De~elop~eet, as follows:
(I) I[ ond so loo~ aa said note af e~ea date ~ad this jnst~ent are insored ar are reinsured onder the pwviaions o( the
National Honsiu~ Act, an ~~om~ sn[['icient to aews~alate in the bands of t6e 6older oae (1) mont6 prior to its due
date t6e amual mort~ee insoraoce pre~ia~, ia wder to povlde soch holder with Gwds to p~~ suc6 premium to the
Secretary ot Housin~ snd Utb~n De~elop~mt por~o~nt to t6e Na4ooal Hoosin~ Act. ~s aa~ended. aad ~pplicable ReQu-
latioos thereunder; or
(ln If and so ton; as said note at e~en date aod this instmsent are 6eld b~ tbe Secrda~ at Housing and Urban Develop-
ment, a monthl~ charQe (in lieu of a eoetpge insar~oce preaius) whic6 shsil be ia an amount equal to one-twrelfth
(1/12) of one-half (y~ per cmUs ot tL~ a~et~~e oatstaudiog bal~nce due w+ tbe ootc cooputed ~vit6out takin~ into
acconnt delinqnencies or prepa~e~ts;
(6) A sum equal to the ground reats. it ~n~, oest due. plns t6e presiaos tLat will nert become due and payobie on policies
ot fire aad oWer h~sard insoraoce co~erin~ t6e mo:tea~ed proP~rt7. plns tues ~od assessments nezt due on the mort-
gaged properqr (oII as eslisated 6~ the oorfg~gee) less all snss aLread~ paid ffiere[or di~Ided b~ t6e number of montha
j to elapse before one month priar to the dNe w6eu soch g~romd reats, predioss, h:es, aod assessments wiil become de- ~
I liaquent. sach sums to be 6eld b~ ~aeee in tzast to pa~ said ~nd rents, premiums. t~es. and speci~t ossessmeats; €
aad
I (cJ AU po~ments mcn4oned in t6e two preceding sobsectioos u[ this Parag~ap6 and all pa~ments to be made under t6e note
f secured hereb~ shall be added together and il~e og~regate aoomt thereof shall be paid b~ tbe mortgagor eac6 moath in a
single papment to be apptied b~ ihe morigagee to i~ folla~isg it~r in W~ ~3er set foslh:
(n premium charges under the cootract of iasuraace witb tbe Secretar~ ot Hoasing and Urban Development. or montbly
charge (in lieu of mo~e ins~aance presim~ ~s ffie case sar be:
(In Bround rents. tazes, assess~mts, tue. and otber 6azard i~araace premioss;
(IIn intecest on the aote sec~ved hereb~; and
(IV) amortization of t6e prioclp~l of said note.
Any deficiency in the amount d such agg~regate monthly payment shall, unless made good by the mortgagor
prior to the dae date of the nest soch payme~, coostitde an event af defanlt nnder t6is matgage. The modgagee
may collect a"late charge" nd to ~ceed two cents (2~) fa eech dollar (tl) of• each payment more than fiEteen
(15) days in arrears to cover the estra e:pease invol~ed in haadling delinquent payments.
3. Thet if the total d the peyments •mede by tbe martg~gor nnde: (b) of paisgRepb 2 pceceding shall exceed
the amount of peyments actoallq made bq tLe mortgagee. fa g~roand rents, tazes and assessments and insurance
premiums. as the case may be. snc6 ezcess shall be credited by the oatgagee oa subsequeat paymeats to be
ma~e by the mortgagor. If, hawever, tLe monthly payoeats mede by tbe mortgagor ~nder (6J of parag~aph 2 pre-
ceding shall not be safficient to paq ~round rents, tazes and assessm~ats and imurance premiums, as the case
may be, whea t6e same shaU become dae and payable, tLen the nortgagor shall paq to the mortgagee any amonat
necessary to make up the deficiency, on ac befare tbe date whea peyoent d such g,ROUnd rents. tazes, assessments,
a insuraace premiams shall be dne. If at any ti~e tbe ooctg,a~or sLalltender to tbe mo~tg,a~ee ia eccadance aith
the provisioos af tbe ade secured hereby. fnll pay~nt af the eatire indebtedness repcesented theteby, tbe mort-
gagee shall, in campnting tbe amomt af snch indebtedness, credit to tbe accoant af the moctgagot all payments
made uader the Qrovisiaas of (a) d paragtaph 2 L~eaf wLic6 tLe matgagee 6es not become obligated to pay to
the Secretary d Housing and Utban Developoe~t md any balance remainiog in tLe fmds acc~mulated under the
provisions of (b) of said paragraph 2. If tbete sLall be a defanlt under aay af the pro~visions o# this mortg~ge, re-
sulting in a pnblic sale of the pcemises cavened xreby, oc if the ma~tga~ee ac9uires tbe ProP~rtY dherwise after
default, the matgagee s6o11 apply, at tbe tive af the t of snc6 pcoceediag~a or at the time the prop-
erty is othenvise acqnired, the belanoe tben *r~nininoe, in the fmds aocnanlated oader (6) of P~B~Pb 2 P~~~6
as a credit ageinst tLe amount of prlncipal tben reaoining mpaid mder said note sod shall pcoperly adjust any
PeYmeats w6ich s6all Iwve beea vode nnder (o) oE said parag~a~.
4. That he ~vill pey all ta:es, assessoents, water sates, and otber goaresn~ental o~ muaicipal cbarges, fines,
or impositioos, fa which pcwision has not been ~de bereinbeEa~e, and in defanlt t6ereof the mortgagee may pay
the same; aad that he will pcomptly deliver the dficial reoeipts tberefor to tLe satg~gee.
~ ~ Soo~~56 ~?c~ ~3? ~ . .
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