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said moctgaga dces hereby tully warcant tbe title to said laad, and every part thereof. and will defead the same
against tb?e la~rful claims ot aU per~a~s w6oesoever.
PROVIDED ALWAYS. and these p~esents ace eiecdcd and de11v'~red ~P°4 the foUawiag coaditioas, to wlt:
The a~at~agoc a to p4y t6e ~atiPR~• c~ ader, t6e p~iocipal sna of S~P~'~ '1'SpII$~D S~fT~i
au~a~n8naooioo----------------------•----•--- -
Dollacs (S ~ 17 ~ 700.00 as evidenced b~? a nde d evea date herewit6. with Intaest froe date at the
rate af 83Z P~ ~ 6 P~ aaau~ co the uapoid balance
uatll paid. The aaid pcincipal aad intuest ~6a11 be poyable at tbe oHice d
l[oC~IIG~ ~~S C~vR IITC., 401 Cos~al i~lq~ ia Cor41 (i~bloa, Florid,n
« at sach plaoe as tbe ho{dec ~ tbe ade ~ay desi~ate Ia wrltioa, ia ~ooRhly iastall~ents of pfS ~D
~ aad 20 100- • - - - - - - - - ~ - - - - Dollaes (t 106. 20 ~ coreactng oa
the firsf day d -~lD~'W?srT . 19 67 .~od on t6e Cust dt~r af e~ch ~odb t6ere~fter notiltLe priacip4l -
and interest art f~Uy paW, e~vept t~t the fi~l po~~eut d princlpal and iate~est, If nd sooner paid, sball be dae
aad payable aa tLe ficst dnr d J~~ 199'f - :
Md shall dnly, P~~P~b. ~d E~7? P~~. d~• ~P~• aad casply wit6 sad abide
by each aad every tbe stipulations. ap~ee~ents. ccoditiaos. aad caveaants d said pro~issoy note and af this
modgage, thea this mortg,sge and tbe estate ~eb~ creoted sLall ceose and be anll aad void.
And the moctg~ga~ imthec careoants as foUo~s:
1. That be wiU p~y tbe indebtedness. as LeceinbeEor~ Qravided. Priirilege is ceaerved to pey t6e debt in w6ole,
or ia an amo~t equal to one or mace moathly PoYeents ea tbe pcincipol that ace ne~ dne an the aote, oo the first
day of any month prior to maturity: Provi~ei. bo~wev~er. t6at written notice d an intentiaa to ese~ise such privilege
g?~p ec ~c ~cy {30~ aay: a;« to ~~r.~c; and. Provided fa~thec, t6~t in tbe event the dcbt is paid in
full prior to maturity ard 4t thst tia~ it is insoced ~mder tbe pravisiaos d the Natioaal Housing Act. he will pay to
the mortgagee aa adjasted pce.iws char6e of aoe pet oeMna (l%) of tbe original pciacipol amoant tLeeeof. ezcept
that in ao event slwll the adjasbed preaium euxed tb~ a~te amount ef Pce~iom charges which wonld lwve
beea payeble if tbe matgage 6ad oootinoed to b~ insneed mtil ootnritp: suc~ PoYnent to be applied by tbe eat-
gagee upon its obligptioa to t6e Secretar~ af Hoasias aad U~n Develop~eat an rocou~ af ~ort~6e insnrance.
2. That, in adet ooc~e Eolly to pcdect the secmity d this ~o~t~pge. tLe satg,a8o~. to~etbet wit6. and in addi-
tion to. the mcathlY P~Y~~s mder the ter~s af tLe nete secored 6erebp. ao tbe fiiat day d each eonth mtil tbe
said nde is fnlly paid, will p4y to tbe ~o~t~~ee tbe fotlo~in6 su~s:
(a) An ~mount sntticfeat to prwid~ tbe boldes ~+ot ~Ith [oods to pq the w~t ~ortpp fssarasce pee~in~ iE tbla last~
ment and We note sec~red 6ereb~ are jesared. ar a aoM617 ~1R Iiw ot ~~oetpee insoraace pre~ta~) it tbe~ are
held bp the Seeretar~ ot HoasLK a~d Urb~~ De~elopM~t, as tollows:
(I) I[ aod so loos as uid ade o[ eoaa d~te ~ed t~is i~ed are iesoe~d ar are relaswed mde~ dro podsloos ot tbe
N~tioeal Honsin~ Act, u a~oo~t s~tflcles! to ~ccmMlabr L tLe 6aods d I~e tiold~r oae (1) ~oat6 prior to its due
date t6e aannal sati,~`e lo~c~soe prcai~. ie a~d~r to potLd~ weL roldar ~iti Ga~ds to pa~ soch p~ios to t6e
3ecretaq ot Honsln~ aod Urbr Detelap~qtt ps~w~st t~o t~e llatiwal Hooaiat Aet. ~s aMO~dsd. aod ~ppticable Reou-
latioas tt~eeeunder; or
It and so lon~ as said ade d erea daRe ~ad fris IeSteo~aR are Mld D~ tM ~erat~ o[ Horsie~ aod thb~a De~etoo-
ment, a montLl7 cUar~e (is Uaa o[ a~ort~~ ie~or~so~ pn~i~) wrhich s1~11 6t if ~e eqwl to ooo-twelftl~ ;
(1/12) of one-hal[ (y~ per cmto~ ot tbe ~~erap o~tsWdi~ bu~ec~ d°° tLe °°~e ca~pated wrltbout takiat iato 1
~ccoont deUnqneucles or prepap~eds: '
(b) A sum equal w tLe ~omd reats, It as~. aert dat. plos t5e p~e~irs t~at wlU eest ee~.~ooe doe ~od payable m policies
o[ [ire and otber 6as~ed insoraoce eorerio~ the ~a~ed popert~. Plas tases aod asaesaeats sest doe oa the oort
B~B~ P~'oP~~7 ~~11 ~s estisated M t6e ~ortP~eee) less ~ll ta~s ~Leadf Wid f~etor di~tded bp t6e no~be~ oi ~s
to el~pse betore one month prior to tbe date w6ea sach avo~d ~esb. pre~iass. ta:d. aad asaess~eats wiU beco~e de-
lia~ent, ancb sums to be 6eld b~ ~o~tp~se L tn~t to ps~ saJd poasd reats, pre~s. t~es, ~sd special sssess~eab:
i
k a~ ~
(c) All p~rments mentloned in tbe two precediq sobsectloos o[ dds p~raQaph ~od aU p~eaRs to be o~de mder t6e note ;
secured hereb~ s6a11 be added togetber aod t6e ~~au a~amt tbeeed a6i11 be paid b~ tbe ~stor eac6 ~onth in a ;
sia~e papment to be ~pplied b~ ffie ~ortpeee to t6e follo~ia< Itss Is tl~e wder set [ort6: 4
(n Premiom char~es nnder t6e contrad oE ios~aoce wit6 tbe Secretaq o( ftoasiu~ asd Urban De~elop~eat, or ~ontl?17 !
cha~e (in llen of oo~t~e insansce preaia~), as tbe csse ~ be; ;
~rouod rents, tues. assesseeats. flre. aod otber 6~s~rd I~ee preaia~s: ~
(i~ lnterest on the note secured beeeb~; ~od ~
(IV) amortisation oE tLe prlncipai d ssid notR.
Any deficiency in the amamt d anc6 sggce~te mont6ly peyoeat shall. m~ess made Sood bS? the moct~aSoc
prior to the due date of the ne~ snch payment, coostitde an event af defanlt nnder this ma~tgage. The matgagee
may collect a"late charge" not to esceed t~o cents (2~) fac eac6 doltar (Sl) of each payment mae than fifteen
(15) days in arrears to caver the estia ~pense iovolv~ed in handling delioqne~ peyments-
3. T6at if the tatal af tbe peysents mede by tbe eatg~agor oader (b1 of porag~apb 2 p~ecediag shall ezcred
the ama~nt af peyments actuallq made by tLe martga~, foc g~wnd reuts, t~es and assessments and insnrence
premiums, as the case may be, snch escess sLall be credited by tbe ea~tgp~ee an subseqaeat peyments to be
made by the mortgagor. If, bowever, tbe monthtY PeY~~ b7? ~~~6~ (bl ~ P~6~P6 2 pce- 9
ced'wg shall aot be sufficient to paY ~ooad rEnts. t~es and assessments and iasuraace pceoinos, as the case ~
may be, whea the same shaU becooe doe and payable, tbes the ~artg~aga s6411 pay to the maEg~gee any amoant
necessary to make np tbe deficiency. oa ar befoee tbe date whea poyoent d soc~ g,ROand reafs, tases, assessoents, ~
or ins~uance premiumos s6a11 be dae. If at aay ti~e tbe eo~tgp~ac shalltende: to tbe moctp~a~ee in accadance witL
the provisioas of tve ode secnred berebY. ~ Po1~t d the eaRire indebtedsess represented t6erebq, tbe ooct- ~
~ gagee s6a11, in compnting the amount ef snch indebtedaess, ccedit to t6e aocoont af tLe eatg,agor all pay~eats ~
made ~ader the pra~visiens of (a) d pora~apL 2 hereaf wLicti tbe ~act~agiee I~s not becooe obli~ated to pvyto ~
the Secretary af Housing and U~n Developeent aod any bolaoee re~aining in the fmds accamalated ooder the
provisioas of (bJ af said p~rag~aph 2. If there sLall be a defanlt ander a~ of tLe p~arisians af tbis matgpge, re- :
sultiag in a public sale af tLe p~eoises cavered -xreby, or if tLe oatBPB~ a~9~~ ~ P~P~]? t
default. t6e mat~g~ee s1~U app19, at tbe ti~e af tLe• af soc6 pcoceediag,s or at tL~ time the p:ap- ~
edy is othenviae acqnired, the balanoe tbea re~iniog ie tbe Emds aocuoalated mder (b) af P~ra~aPb 2 P~6 ~
as a ccedit agpinst tl~e aaouat of prlncipol tben rea~ining mp~i?d onder ~aid nde aod shalt properlyadjast any
payments which ahaU have beea ~de aada (a) af said poa~aph.
4. That be ~vill pay aU tases, assess~ents, water rates, and atber ge~vernamml oc mnoicipal cbarges. fines.
a impoeitiaas, foc whlc6 pravisim 6as not been sc~de 6ereinbefare. and in defanlt t6ereaf tbe mortg,sgee may peY
the same; aad that he will p~omptly deliver tLe oEficial receipts tLecefor to tbe sactgsgee.
~ aooK164 ~ 420 --t
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