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said matgagor does hereby fully waneat Ehe title to eoid land. and every part thenot, and will defend the seme
aQainst the lawful claims af all pe~soas whomsoever.
PROVIDED ALWAYS; aad these prese~ts are executed 4ad dellvered upon the followiag caaditions, to wit;
TT/hr~e Tmo~rtgya~g~o~r a~Q~r~e}e~s ~to
peay atLe mortga~ee. cwr
~ader. the pcin~ripal sum of
~i~7i iriWS!'l~~i/ ii'~ ~ Al\L ~/~vv~w~...~~r~~~~.~~~~~~~~~~.r.~~~~~~w~r
Dollacs (S 8~ 300 • 00 as evideaced by a note of evea date herevvith. ~vlth interest from date at the
rate of Si.x per ccatum ( per aaaum oa the unpaid balance
until paid. Tbe aaid pripcip4l oad interest sball be p~yable ~t the office cf
G'~NSRAL QIARANTY MOitTGAG'~S COI~ANY~ INC. ~ in Winter Park~ Florida?
o~ at suc6 ethe~ place as the holder oE the aote mey desigaate ia arttiag. in monthly iastallmeats of
FIFTY-THRBB AND S4IlO0~~~r-~...~-.•-•~ DOllaiB (S S3~S4 COOim!'QCIAg OQ
the flrst day of DeCenbe]c , 19 67and oa the first day of each aoath theceafter uatilthepdacipal
4ad interest ue fnlly p~id. e:cept t~at the fiaal payment of psincipal aad interest, If aot sooner poid, sbell be due
and poyobie ao che ftrsc day aE Noveeber, 19~1 ;
And shall duly. pcomptly. and fully. peefam. discbarge. exacute. effect, complete, and coaply with ~nd abide
by each and every the stipulatlans. agreeweats, coc~ditioas. and covenaats af said pcanissory note and of this -
moctgage. thea tbis moctgage and the estete heceby cr~ated shall cease aad be aull and void.
And the matgagoc fudher covenants as follows: .
1. Thst he will pay the indebtedaess, as heceiabefore provided. Priirilege is ceserved to pay the debt in whole, -
o~ in an amount equ~l to one or mocc moathly paya~ents on We principal that are next due on the aote, on the first
day of say month prior to maturity: P?ovided. however~ tlwt writtea aotke af an intentias to exercise such privilege
is glvea at least thitty (30) deys prior to prepaymeat; aad. provided f~uther. that in the eveat the debt is paid in
full prior to awturity and at that time it is iasared uader the provisions of the Natioaal Housiag Act. 6e rvill pay to
the mortgagee an sdjusted premiam charge of oae per centum (1%) of the original principol amaunt thereo[, except
that in no event s6a11 the adjusted premium e:ceed the aggregate emount of premium charges which ~vould have
been payable if the mortgage had coatinued to be iasured ~ntil maturity; such payment to be applied by tbe mort- ~
gagee upoa its oblig,atioo to the Secretary of Housiag aad Urbaa Developmeat oa acconnt of mortg,age insurance.
2. That, in order more fnlly to protect thc sec~ulty of this mortgage. tbe mortgegor. together with, and ia addi-
tioa to. the moathly paymeats undec the terais of the note secuced hereby. on the first day of each mont6 uatil tl~e
said note is fully paid, wiU pay to the matgagee the follawiag su~s: _
(oJ An amonnt suE[icicnt to pwvide the holder hereof wit6 fnnds to p~r t6e ae:t mortQaQe insw~aace premium it this instnr
ment ~ad the note sacored hereby are insured, or a monthly charQe (ia liea of a mort~gc ioswaace prcmium) if they ase
held bp the Secretary of Housin~ and IIrban Development, •s [ollows:
(I) I[ aad so IaaQ as said aote ot enen d~te ~ad tl~is insteumeat are iasured o~ ~re relas~ued under t6e provisioas of the
N~tional Honsio~ Act. an omoant sufticieut to accumul~te in t6e 6aads ot t6e holder one (1) month prior to its due
date the emn~l matQa~e insur~nce premiam. in order to provide sncb holder ~rith tnnds to p~y suchpreu~ium to the
Secretuj of Hoasia~ wd Urban Developmeat pursu~nt to the N~ti~~l Housln; Act. as amendsd. ~ad appllcable ReQu-
l~tiaas thereunder; or ,
~ (In If and so loag ~s sald note of even date and thls inst~ument aee beld br tbe Secret~ of Houslag aad Urb~n Develop- .
ment. a monthly cDarse (ia lien of a mort~e L?surance premium) ~rDicL shall be In ~n ~mount equal to onrtweifth
(1/12) of oae-hal[ (y~) per centum ot the ~venge outstaadin~ balaoce due oa the note computed without taking into
; accowtt delinquencies or prepaymenta;
i (b) A sum equal to the ~roand rents, if aay, nen dne. plns We premiams that wtll aen become ~e aad p~qable on policies
~ ot fire and ot6e~ 6azard Insuraace coverL~ tl~e mortQa~ed pmpert~. plos ta:es aad assessments aext dne oa the mort
~ ~aQed pwpertp (all as estim~ted bq tbe mortao~ee) less ~11 sums alre~d~ paid therefor divided by the number of montha
~ to ei~pse beEore one moath pdor to tbe date when suc6 ~ouad reots, presiums, 4:es, and assessments will become de-
~ eat, snch sums to be held by mort~aQeer in trast to par said gromd rents, prcminms, t~zes, and special assessments;
(e) All p~yments mentioeed ia the two precedia~ subsections ot thia par~~aap6 ~ad ~ll parments to be m~de under the note
secnred hercbr shall be added together ~nd tbe agg~eQate omouat thereof ahall be paid bp the mort;a~or eac6 moaW ia a
single parnent to be ~pplied Dr ffie mort~aQee to ffie followiug jtems in Wc order set foctb:
(n premium c6uQes uader the contnct ot insuraoce ~vith the Secretu~ oi Houaia~ rnd Urbaa Development. or monthly
cbarge (in lien of mort~Qe insarance premium), ~s the c~se may be;
(m ~round rcnts. ta:es, asseesments. fire. and other hasud iasur~ace premiums;
(IIn inteeest on the aote secured herebp; aud
(I{n amort3sotion ot the prjnclp~l of said note.
Aay deficieacy in the amount cf such aggregate moathly paymeat shall, nal~ss made good by the moctgagor
prior to the dae date of the next suclf paymeM, caastitute an event d default under this mortgage. The mortgagee
may collect e"late charge" not to e~cceed two cents (2~).fac each dollar (Sl) of each payment more than fifteen
(15) days in amars to caver tbe eztra ezpense iAVOlved in handling delinquent payments. , .
3. Tbet if the total oE the paxments made by t6e mortgagor nnder (b) of - paragwph a pceceding shall eaceed
the amount of peyments actually made by tbe moctgagee, fa g~roued rents, taxes ~and assessments end ias~uance
premiums, as the cese may be. suc6 excess s6a11 be credited by the mortgagee on subsequent paymeats to be
made by the mortgagor. If, hoqvever, the montWy payments mede by the moctgagoc uader (b) of paragrnph 2 pre-
ceding shall not be safficieat to pey gconnd rents. taxes and assessmaats aad ins~uance premiums, es the case
may be, whea tbe ~ame shall become due and payable, tben the matg~agoc shall pay to the mortgagee any amount
necessary to make up the deficiency, on a befae t}ie date ahen payment oE suc6 gROwd rents, taxes, assessments,
~ oc Insurance premiums shall be due. If at any time the moctgago~ shall tender to the aartgagee ia accocdance ~vitb
the provisioas of the aaRe sccured heceby, fnll paymeat of the entire indebtedness repceseated thereby. the moit-
gagee shall, ia computing the amount af anc6 indebtedaess, credit to t6e account of the mortgagor all payments
mede ~nder tLe provisioas of (a) of parag~aph 2 hereof wbich the matgagee has not become obligated to pay to
the Secutary af Honsing and Ueban Development aad aay balaace remaining ia the funds accumulatcd uuder the
pcovisions cf (b) d said paragcaph 2. If there shall be a default nnder any of the pcovisio~ of this moctg~ge, ce-
sulting in a public sale of the premises cavered xreby, oc if the mat~agee ncquices the propedy dhenvise after .
defpult. the mortgagee shall applyr-at tbe time of the commencement d sach proceedings or at the time the prop-
erty is othecwise acqaired, the balaace then remaiaiag in the fnads accumulated under (6) of paragraph 2 preceding
as a credit ag,4inst tbe aornu~t of prlncipal thea remaiaing nnpaid nadei'soid note and shsll properlyadjust any
paymeats ~vhicb shall have been mede under (o) af said paragcaph.
4. Tbat 6e will poy alt ta:es, assessmeab, water rotes, aad atber gavernmentel a municipal charges, tines,
oc impositioas, for w~icb pravisian has aot been mede hereinbefare, aad ia defeult thereof the moctgegee may poy
the some; and tbat he wiil promptly deliver the afficial ceceipts thecefoc to the mortg,sgee.
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