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said matgega does heceby fulty wacraat the titie to said land, and every p4ct thereof,~ ~nd witl defead the saa~e
a~?insc cbe m~?Eu1 ctaims o~ •ll ~csoos pbomaoeve~, .
PROVIDED AL.WAYS, aad tbese preseats p~e execatett aad del~vered upoa th~ fotlaMrin~ coadittons, to wit;
'Mie mortgaQa agcees to pay the morlgaeee, ot otder, tl~e prlncip~t sum of '$II'1'i~ S'~D l~Ogj~
a~ ~/1~~ • • ~ ~ ~ ~ • • ~ ~ ~ • ~ • w ~ • ~ • ~ ~ • • • • • • ~ • ~ •
Dollaes (S 1~~4C0.00 as evidenced 6y • note af evea date berewitb, with iatecest from ds~te at tl~e
rats oE 8iz per ceatum ( 6 Per aiutwn oa tlre. anpald bala~ce
untll paid. 'I'he said pciacipal aad intetest shall be payable at the offlcs of ' ~
J. T. ~~t~ii' ~/?tis CCl~iiT, I~tC. , 8af ~ 300 • 100 llls~wl~ Mil~ ~ Cosal Catil~a ~ plorids,
ar at sus6 otb~r place as tlie hold~ of the note aaay designata in arlting. in monthly instaUm•~ts of -
~!!t•II~$P ~ai 40~100- ~ - - - • • - - •Dollars (S 98.40 ~ coa~msncing oa
the first d~y ot ~,1 , 19 6~ , and aa tlk tirst day of each moatb thereatter untilthe principol
aad iateceat pre fally paid. except thi?t the final paymeat of princlpal ead it~terest, if nvt sooner paid, ehalt be dqe
and p~yable cn tbe fiist day cf ~i~oh~ 199'j ; .
~ And shatl daly. promptty. aod fultq perEorm, discharge. execute, eKect; complete, and comply wItb and a6lde
by each ana every tl~e stlpulatioas, agreements, conditions, aad cavenants af said pranissory note and ot this
~?ortgage~ then this me:tgage aod the estate hereby created shall cease sad be aull end void.
And the matgaga fwther coveaants as follows;
1. That he will pey the indebtedness. es hereiabefore pcovided. Privile~ is reserved to Qay the debt in ~rhole,
oc ia aa amouht ~qu41 to ode ~c~ aae :~aoathly payiaeats on tf?e ~pririalpeI tka-t seritext ~dne oa the aote,'oa the first _
day of any montb prior to maturity: Prouided, however. ibet wriitea aotice of an iatention to exercise such p:ivilege
is given at least thirty (30) days priar to prepayment; and, provided further, that in the event the debt is paid in
full priot to matarity and at tbat time it is ir.suced uader the provisions of the Natioaal Housing-Act, he ~vill pay to
the modgagee ea adjusted preiaium charge of one per centum (1'X.) of the origtaal principel amount thereof. except
that in no event shalt the adjusbed premiua~ exceed ti~e a~cegate aa~ount oE premiuei chruges which would have
been paysble if the morig,a~e had caatinued to be insured antil ~turity; snch p~yment to be applied by the mort-
gagee upon its obligatioa to the Secretacy o[ HousinQ and Urbaa Development aa account of mortgage iasurance.
2. That~ Ia order mo~e fnlly to protect the secntity oi this mortgage, the moetgagor, together with, sad in add%
tioa to. the monthly paymeats ~nder the tera?c of tbe aote aecured t~ereby, oa the first day of each ownth until the
said note is futly paid, wIll pey to the mat~gpa the followiag sqms:
(o) An amaunt sut(Icieut to prorlde tbs bo~des b~r~ot w1W fnpds to pq tlx ne:t awrt~Qe iasunace premiwn it t6is instm-
meat ~ad the aote securod heseb~ are Insnred. ot i aontl~ c1?artt (ia iiett of ~ a mort~aQe insuraoce premium) it Wey aee
hetd by We Setntas~ ot Haast~ ~nd Urb~a Development, ~s toltows:
(1) IL +wd so lon~ as said uote o( ereo date and thls instinment ~re iasnred o~ ~re retds~ued mder ti,e proyslons ot Me
Natioeul Hoasine AM, an amount sutUcleat to accamnlatt iA th~ hands ot We 6older one (i) month prtor to its dur
date the ~anuat mott~a~e iasuraace premium. ip o~dtr to prorids snch 6older wit}~ [unda to ~y sn~h premium to tLe
Secretary ot Honsin~ ~nd UrD~n Development puran~nt to tds Ii~tioaal Houslu~ Act, as ameaded. and applicable ReQu-
la~ons thereunder; or
(!n U amd so loa~ as sald note o[ even dete aad this lastrumeat are held by tbe Secretu~ ot HousiaQ and Usbaa De~elop-
ment, a moathlr cl?ary~s (in llen of a moct~e iasnnaee premiws) ~rhieb ah~ii be In on aaauat' -
(1/lZ) of oae-half (y~ pss cent~n oE tbe ~ve onts e4ua1 to one-t~velftL
ra`e t~adin~ balaace c~e oa the note computed wltbont tafctn~ lato
accouat delinquencbs oi pr~pmmts;
(b) A sum equal to the pomd reats, it ~nr. ne:t dne, plas iLe psea?iums t6at will nert become dne and p~rable on policies
ot tiro ~nd ot6cr huard insuraoce corerina the mort~a~ed property. pina taxes aod assessments nsxt due on ffie mort-
ee~cd pmpa~ (al! as estiaeated bf the mort~a~ce) le:s all snms ~lre~dy yaid t6eretor divtded br the aumber of ooaths
to elapse before one soath prior to the d~te w6en snch Qtawd reots, preminms~ q:es. aod assessmeats wlll become ek-
Iinquent, such smns to be 6eld by mortQ~ee in trust to pq said ~round rents, premiams, t~sea. aod specl~! assessaKnts;
+md
(c) All payments maationed in t6e t~ro precedia~ snbsectlons of thia para~rrapA and all pa~rsents to be m~de mder t6e aote
secured hareby ahall be ~dded toeetLer and the a~reQ~te ~mamt thereo[ shal! be pa}d b~ the mort~a~or esd~ moatL in a
alnale paymeat to be applled by-tL~ mort~aQee to the followia~ Items in fbe order aet tort6:
(n premium cbarQes under iSe contnct of insaraace wiW the Secretary, of Hpusia~ wd Urban Developoeat. os monthly
charQe (in lien of mort~aee [nsaraoce_premi~), ~s the case osj be; '
M a,ro~nd reats, tues, assesssents; Qre. aod ot6~r h~zard insanoc~ pee~tuos;
(II~ interest on tl~e aote sacured 6trebp; ~nd - -
(IV) ~mortis~Hoa ot tbe p3xipel ot said note. • .
Anq deficieacy ia the amom~t af si~ch~aggreg~ete mont6ly peymeat ~haU, unlelss raade good by the matgegor
prior to the dua date of the nert snc6 paymeat, coostit~e an event d default nuder this moctgage. The modgagee
msy collect a"Iate charge'y not to e~cceed two cents (Zt) for each dotlar (:1) of each payment more than fifteea
(15) days in arrears to cove~ tbe eutca espease iavolved ia 6andling delinquent Qaymeats.
3. That if the total of tlre paymeats made by the mo:tgagar under (b) of psragraph 2 preceding sball ezceed
the nmount aE Qayments actnally made by tbe matgagee, fas g~onnd rents, tazes and assessments and insurance
premiums, as t6e case may be, soch ezcess shall be credited by the mortgQgex on subsequent paymeats to be
made by tbe moctg,~gor. N, hawever, tbe moathlY PaYments made by the mactgagor nnder (b) of P~B~Pb 2 pce-
ceding shall not be sufficisnt to poy grouad cents, taxes and assessm~ts and iasuraace premiums, as t6e case
may be, ~hen tbe some shell beco~e doe and poyable, thea tbe esartp8a sb~ll pwy to the mortgugee ~ny amouat
necessary to make op the deficiaacy, oo a beEare tbe date wbea p~yment af sw~ ~onnd cents, taxes, a~sessments.
ac insuraace premiwos sbaU be c~ne,. 1f at any tiae the sortgagp~ slwll tender to tbe aortpgee in eccordapca wit6
the pcovisions af ti~ aote secn:ed bereby; fnll payment af t6e entire iadebtedaess repcesented theeeby, tl~e.mort-
gagee s6alt~ 3a co~pntia~ tbe a~oqnt of such indebtedness, credit to tbe accoartt af tbe matgAgor all paya~ents
made under the pro~visioas af ja) of psragraph 2 l~eteoE wbich th+e mactgagee hes not becane oblig~ted to pey to
th~e Seccetary-aE Hamsia~ and Uebam Development and an9 balaose remaining in the fonds accumulated under the
provisiats oE (6) af said p~ra~pl~ 2. If tbeie shall be a defanlt nnder qay of th~ provisio~s cf this moct
salting in a.PpbliC sale d the pcemises coveted xrr~bq, a,if the m«tgag~ee acqnlrea the Qroperty otberwise~after
defaatt, t&e mat~s~ree shall apply, at tbe time of the com~ement ef snch xoceediag,s ac at the time the ProQ-
erty L ot6enrise acqni~ad, the ba4aoe thea remoining ia the fmds aocumulated mder (b) af P~6~Pb 2 P~~B
as a eredit ag,sinst the poso~nt of pcincipal tbea c~aaiAia~.nnpaid,und~ec said avte aad shall proptrlyadjnst any
PoY~nts which sho11 baye been owde uider (a) cE said P~ixaPb•
4. '17wt 6e wilt pay a11 taYes, assessments. watec rotes. and other goverameatal or ocu~icipel chai~es, fina,
or impos~tfaos. foe w6ic6 provisioa hea not beem m~de beteinbefara, and in default th~eaf the mortg~gee may Poy
tbe same; and that be will promptly deliver tl~ official reoeipts theteta to the ao~tgpgee. .s ;
~ . a_ y{ , . .
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