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said r•:~r:gagor does heceby fully w~ariaat the title to said land. aad every Q~rt thereol, aad rvill defead the same
a~,ainst ~he la~v[ul claims of All person~ whaasoever. ~
1'KOVIDBD ALWAYS, and these pce~nts are execuded and deUvered upoa the follo~wlag condltions. to wit:
'Ti;e: mortga/gyo~r/
a~g/~,tees to pay the matgAgoe. a ader. the prlncipal suw of i'ii~M ~~Y
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Dolla~s (S 16,600.00 as evid~cea by 4 note of evea date herewit6. with interest from date at the
rate vf sis i thZ+M'~o~uCth .per cealuai ( 6 3/~ per aanua oa the unp~id balance
uatil ~id. T6e said.p~iac[pal aad iaterest ~hall be payable at the oHlce af ~
J. T. ~ MORiriRi OQI~R, I~• , Sni~ 300 - 100 ~tLricl~ 1t~1~, Oatal Gabl+ss; ll~arida,
a et such ot6ec place as the holder of the note ~y designate ia weiting. in moat6ly installmeats aE
01! SYiM as~d 73/100- Dollars (S 107.73 comm~ncing on
d~e tirst day ot ~ti . 19~ . aad on the first day of e~ch moath thereafter natilthepeiacipel
aad incecest are fnlly paid, eYCept that the fuwl poqoeat of pcincipal and ieterest, if not soa~er paid, shall be due
aad payabie oa che ficst d.y af .~].p, 1998 ; .
And shall duly. promptly, end Etilly pedoc~. discharge. execute, effect, co~aplete. and comply with aad abide
by each aad every the stipulatioaa, ~g~resmeata, coaditicas, and coveaants of said pcoa~issory note a~nd oE tbis
moctgage, thea this mortga~e aad the estate hereby creeted shall cease and be anlt aad void. .
A~d t~e matgaga ilittbet cairenaats as~Collw~s: ~ - . < ~ ~ ` r _ - _ . , , _ .
I.. That he will pay tLe iadebtedaess, as hereinbefore provided. PriVilege is reserved to pay the debt in ~hole,
or in aa amouat equal to one oc mere monthly paymeats oa tbe priocipal that ace next due an the note. oo We first
day d any month prior to maturity: Provide~. however~ that wrlttea notice of an intention to exercise such privilege
is given at least thirty (30) .days pria to prepayment; and, pcovided futther, that in the event the debt is paid in
fuA pcior to maturity aad at that time it is insnred under the provisions of the Natioaal Housing Act. he will pay to
the mortgagee an adjnsted premium charge of oae per ceatum (1%) of the orig,inal priacipol amonnt there~. except
that in no event s6a11 the adjusted pcemium e:ceed the aggreg,ate amouat of premium cherges whicb would have
been payable if the mortgage had contiaued to be insured uatil maturity; sach payment to be epplied by the mort-
gagee upo~n its oblig,stloa to ihe Secretary of Honsing aad Urbea Develc~meat on account of moetgage insurance.
2. That, ia order moee fully to protect the secnrity af this moctg~age, tbe mortgagoc, together witb. end in addi-
tioa to, tbe montWy pey~nents undec the terms of t6e nde secured hereby. oa the first day of each month aatil the
said note is .fully paid, pill pay to the mortgagee the following sums:
(aJ Aa amwuat su~icieat to provide the holde~ hereo[ witL faads to pq We as=t aort~aee iasurance premium if tLis iasw-
meat aad the note secnrad hereb~ ue iasured. oe • monthly chu~s (ia llen of a mortQa~e iaswance premium) if they are
6eld by the Seteetar~ of Hoasina aad Urban Developaent, •s follo~rs: :
(1) If and so loo~ as sald aote ot evea date aad tLis Inst~umeat ue insnnd or are reiaswed ~mder the Prorisioos of the
N~tioaal Housins Act, ~n ~mouat sutticieat to ~ccua~date In tLe 6ands oi tbe holder oae (1) mouth pdor to its due
d~te tbe amuai mottQa~e insuraace premim. ie ordqr to ,pro~rld~ wcb kolder with [nnds to pay ~uchpcemium to ffie
SecreWp of Housia~ and Urb~n Developmmt qusuant to the llatloaal Hoost++~ Act, u+imended. and ~ppl'cable Regu-
l~tioas theeennder, or
(ln U a~ so lon~ ~s s~id note ef even date and tl~is iasteument ae held b~ tLe 3acratary of Housina and Urban Develop-
mea~ • moathlr char~e (in Uen oi • mort~age inauraace premlus) wbich shall be in ~a ame+uat eqaat to one-twelfth
(1/lZ) ot ope-h~lE (y~ per centum oE tbs avera~e outstandL~ bal~nc~ due 00 HIQ I10~! DOt~Ni~ld NL[bOqt L~Ip~ ~A?O
~ccomt d~llaqueactes or prepapments;
(6) A snm equ~l to tl~e ~o~nd reots, if ~nr, nen due. plus tbe premiums t6~t will aen become dne and payrble on policies
' of Cuae and other hasard insuraaca coveriu~ tbe mortga~ed pe~operty, Plus t~ses iad assessments nert due on t6e mort-
~ ~a~ed pwpeiqr (~11 ~s estimated b~r the mort~a~ee) less all snms alread~ paid theretor divided by the nnmber of montba
! to elapse before ooe mont6 prior to the date w6ea suc6 ~oand rents. previums. ta:es. ~nd assessments ~rill become de-
j 1lnquent, anch swss to be held b~ mort~a~ee in tmst to pa~ said a,wund cents. pteminms, t~es, aad special assessments:
(c) All papments meatias~ed ia the two precedin~ snbsectioas ot this para~a~ph ~md •Il p~ymeats to be m~de ~mder the note
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~ secured 6ereby a6a11 be added toQeWer ~ad tbe a~regate amonnt thereot s6ai1 be paid by t6e mort~a~or each monW In a
sln~le p~~ent to be ~ppLed b~ the mortQaeee to tbe [ollowfn~ itaas in We ordes set forth:
(n premium ehar~es under the ~qptract of iasuraace with tbe Secretary of HousluQ and Urban Development, or monthly
~ char~e (in lieu ot mort~ap ~insuta~ce premium~ as t6e case oay be; _
M P'omd rent~, ta:es. ass~ssments. ~ee. #ad otlrer 6~sard losur~.`e pteatitiss:
(Im int~rest oa t6e not~ s~cpnd henbT; _ . _
(1h aaatlsatlon ot the prioctpal oE taiR riate. ~ _ -
Any deficiency ia the ~mo~wt aE 'snc`h igacegote modthlq payaeet s6all; unless made good by tbe mortgegor.
~ior to t6e due date of the sest suc_b, payu~e~, coostite~tO ~a eve~t a~ defqult under this moctgage. The mortgagee
may collect a"late charge" n~ to e:ceed two ceats (2~) f~ eech dollar (Sl) of each payment moce then fiheen
(15) days in amars to cover the e~dn ezpense iavolved in handliag deliaqueat peymeats.
3. That~if the total of tbe peym~ts made by the moctgagoc nndec (b) of paragraph 2 pcecediag shall exceed
the amount of payments actually made by the mortgagee. for g~awd rents, taxes end assessments end insurance
preaniums, as the case may be. sucb e:cesa shall be credited by t6e mertgragee oa subsequeat paymeats to be
mede by the moctg~gor. If, hawever, the ma?th1Y PoYments made by tbe matgagor ncder (b) of paragraph 2 pre-
= cediat shall not be s~fficient to poy gtound ceats, teu~s and assessmaats and iasurance premiums, as the case
~ may be, w6an tbe same shall become due and peyabla, tl~ea tbe moet~a~ar shall pay to tbe moct~agee any amount
necessary to oAake np tbe daficiency, oa a befae t!K d4te when p~y~eat of ~nch ~couad rents. ta:es, assessaents,
~ a iasnrance premiums shall be due. It at aay time tbe moct~a~oc sholl teader to tLe moct~~ee ia oceocdauce ~vitb
~ tbe p~ovisioaa of tbe note securcd hereby, fnll payment af t6e eatice iadebtedaess repceseated tbereby, the oort-
~ ~r~ shall~ fn compotia= tLe amount d such indebtadness, credit to tbe accawt d the oatta~or all poymeats
m~dt aoder t6~ pcarisiaas of (o) d para~tap6 Z bereat wh1c6 tb~ eayE.~ee ~.s na beca.e obtt~.cea to p.yco
~ tLe Secntary af Housiag ond Ueb~a Develop~tat aud any balaace ce¦alnins in the I~nds accmm~lated under the
~ psarisioes at (b) d said Pora~Pb Z. If tbea sb~U b~ • defaalt aeder aay d the pcovisloas oE tbls ~wct~a~e. ce-
suhias in a poblic aal~ oE the pceoises covered xreby. a if tbe ~at~aeee ~cqnlns tbe property dherwise dter
~ defaalt, the moet~ap~ s~ll •pply. at ti~~ ti~ d tl~e cE sacb proceedia~t er ~t ih~ ti~e the P~oP-
- eriy L oth~:wis~ acqniced, the bolaACe tlrea reoainia~ ia tbe fmds ~ocuonlated aader (b) af P~t~Pb ~ P~~d~t
as • cndit a~ainst tbe amouoR oE prlucip~l tben reo~jninp, tmpald widst s~id aote aad shall pcoperlyodjust any
P~~nts whicb sb~l1 bwt beea rdi ande~ ts) ct said p~npapi. ~
T6at he will p~y ~11 taxes, as~eas~ents. wst~r ntes, aad d6K Eo~rooental ac ~nuakipal cb~r~ea, Eines,
a l~pasltioos. far whkb prwisioo has not b~~a ~ b~eelnb~fan. aed iu deEa~lt tbeeeaf tbs eatp~ee MY P~Y
t6e sa..; .od c0.c 1~ witt pro.pt~y d.liver th. ofEichi r.o.lpcs l~satar co tb. ~orcps.e. c:,
Poo~173 ~~~i~' .
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