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said aatp~a does bet~bp fnlly w~mat tb~ title to said land. ~nd every p~rt thereaf. ~ad wiU defead tbe saae "
aplnst tbe lawfnl claias d all pe~saos wbo~soevdr.
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PROH~BD ALwAYS. aad tbest qeseats are execuited aad deUveeed opoe tLe followta~ canditiaos, to wtt:
Tbe a to y the ~atpne, o~ oedet, tbe pcincip~l suo of T~iIRTSBN '1'~1011SAI~1D SIX
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Doll~rs (t ~a~~0.00 as evideacad by a aote af sv~ea d~te 6ecewitb, w[th ist~est_fro~ date ~t We
ace oE~ sight aod ons-hall~ per ceato. ( 8~ p~ anan. an tbe mp.ia bataoce. .
uatil p~id. 'Pbe said pdoaipal aad inter~st s6a11 be p~yable at tbe o~ice d J. T. STBiiALtT ~~C~B ~
COt~PANY, INC., a corporatioa uadar tde Lava of t~ State of Flori,da ~
a at snc6 at6er place as tLe holdec of the nota s4y dest~wte Io writtag. in -oathly instailoa~ts af Qpd
Hu~dred Four and 58/L00----------- noliars (S 104.58 ro•~~a a~
the ftrst day af (~tobsr . 1970 . aad aa tbe first day af e~c6 ~oath t6ee~aEter ~mtiltbepcincipoi
aad interest are fally paid. eu:ept thai the final pa.yseat aE pciacipel aad iaterest, If ~t sooner p~id. shaU be dae .
.aa p.yable cbe ftnc aar cE Ssptember, 2000 ;
And sball dnty. P~~P~Y, aad fnllq peda~. diac6arge. e:ecnte. e~ect, co~plete. aud cooply ~itb oed abide
by eacb aad evey tLe stipul~ticns. a~:eecats, coaditicns. and coveaants of said pro.issory aote and of this
moctgage, then this moetgage aad t6e estate heceby creoted shall ce~se and be nnll aod void.
Aad t6e mat~wgoc f~uther covenants as follaws:
1. '1'hat be will p4y tbe indebtedness, as bereinbefore pco~vided. Pciiriteg~ is reserved to pay the debt in wlwle,
ac ia an amonnt eqoal to- one a mace oantl~lY P~Yoents on tbe principol that are ne~ dne aa tbe note, oa t6e ficst
day of any mantb ptior to m~tnclty: Provile~. however, t6at wriEten not~ce d an intention to qtetcise snch ptivilege
is given at least t6itty (30) days prier to pre~ayoeat; and. pcarided f~utbec, t6at ia the eveat the debt is paid in
fnll pcio~ to aaatnritq and at tlwt time it is insared m~der the pra~visioos d the Nat~ooal Ha~sing Act. he will pay to
t6e no~t6a~ee ~ aajusted peeminm chacge of ou~ per centn~ (1%) of tLe original principol amomt thereef. e:cept
that in no eveat shall the adjn~ted preminm ezceed tbe a~g,ate a~onnt ef preaiuo cbarges which woald have
been payable if the mo:tgage had cantimied to be insneed ~mtil oatnrity; snch p4yment to be applied by the ooct- -
6~6ee ngoa its obligptien to the Secretsry af Ho~sing aad Uebon Developeent on aocoant of mort~a~e iosncaaoe.
2. T6at, ia ocder oa~ fnlly to pcotect the secnrity of t6is ~a~t~a8~. ~~BaBa, togethes with, and ia addi-
tioa to. the monthlY P~Yments under the teros of t6e nde secnred hereby. on the first day oE ~ach mont6 natil tl~e
said acte is fally paid, will pay to tLe matga~x the following sums:
(a) An amount snHicknt to peo~Ide the bolder hereof wttb f~mds to p~~ tbe uert mart~a~e iasoeance presims it this instru-
meat aodtbe aote secared hareb~ are Lasu*ed. or a oont617 cb~e (ia lieu ot a moet~age insonmce premins) if Wep ae
beld b~ the Sec~etary ot Hausins and UrDan De~elopmen~ as follows:
(n U and so lao~ as said aote ot evea d~te aod tLis ia~ ae ias~mred ar are reins~ed mder t6e pro~isioos oE ffie
N~tiooai Honsiut Act. aa aooont sn[Cdeat- to accaawlabe ia t6e 6aods af tl~e holder ooe (1) ~oath prior to Its dae
d~te tbe ~onual sort~aQe ffisnrance pceain~; in wder to pronlde socb holder wit6 hmds to p~~ sucL premine to the
Secretaqr of Hwsin~ aAd ZTrb~n Developmaet pucsnant to We l~fatiowl Hoasin` Act, as aveaded, aod applicsble Re~n-
l~ttons t6eremder; o~
If and so lm~ ~s said note uf errn date a~nd t6is instea~reat are beW bp tbe 8eaetae~ at Honsios aad Urb~o Deselop-
` men~ a monthl~ c6ar`e (ia lian of a~e iasnranca prosir~) whic6 sb~11 be is ~n amomt eqaai to ono-twelfd~
` (1/12) o[ onr6alf per centau nf t6e aresa`e ontstaodint b~lance dne on the note cw~puted witbout taldng into
acconat deliaqoencies or prepapmeds;
(b) A snm eqnal to t6e ~,romd rents. if an~. oert ~e, ptas t6e presi~s tbat wrll! aert beco~e due and p~~abie oo policies
of Gre aad other huard iasurance coveriag t6e mort;a~ed propestf, pias tues ~nd assessoents ne~ dae on ffie oort
gaQed propeet~ (aII as estimated b~ the mort~a~eej less all wss alread~ paid ~eretor di~ided b~ t6e au~ber oE montbs
W el~pse before one montb prior to the d~te when snch ~awd renb, pnmimas, ta:es, aad assessment: will becw~e de-
; linqnent. snch snms to be 6eld b~ mort~a~ee jn trast to p~r said ~o~m~d rents, pee~dnss. tues, mdspecialassessvents;
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(c) All parmcats mea4oaed ia t1~e two precedin` snbsectioos .of this par~aph aod all pa~s to br m~de mder tbe oote
secared hereb~ shall be added to~ether ~ad t6e ~~e~ate amomt tLeraof sball be paid b~r tbe ~ortga~or escti noatb in a '
sfngle paYment to be applied b~ fhe mort~a~ee to ffie followio~ Itess in We order set fort6:
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(n preminm charQes undei tLe oontract of iasaraace wlfh tbe Seaetar~ ot Hoasia~ aad Urban Development, or mont6ly i
charQe (ie liea of ~e insnrance p~eai~), ~s tbe case sap be;
(m Qronnd reats, tues, assessments, Qce. ~od otber 6asard L~saraace peeminss;
interest on the note secwred heeeb~; aod
(IV) amdrtisatia? oE t6e priacip~l of said note.
Any deficieacy in the amo~nt af such aggcegate monthly payment s6all, ualess made good by tHe matg,agor
pri~ to tl~ dne date of tbe oe~ snch payme~, cuostitde an event af defanlt under this m«tg,age. T6e matgagee
may coliect a"late charge" not to ~ ezoeed two cents fa~ each dollar (Sl) of escb peyme~ moce than fifteen
(15) days in arrears to cover the Z3tra ~pease imrolved in handling ~linque~t payments.
3. That if the total af the pey~oents made by the matg,sgoc mdet fb1 oE parag~aph 2 precediag s6a11 ezoeed
the amouat of ppyments actually oade by tbe ooetgagee._far g~onnd rents, tazes and as~essmeats and insnrance
premiums, as the case may bc~ sncb e3cess s~mll be credite"d by tbe aortg~ai~ee ai snbseqnent payments to be
made by the mortg,agor. tf, 6awever, tbe noathlY PoY~ made bq tbe mortg,agor nnder (61 d P~BRaP~~ Pre-
ceding shall not be sufficient to PaY Sround rents, tazes and assessmsats and insurance preminms, as the case
mey be, whea tl~e same ~ball become dne snd payable, then tbe aartg,agos s~ll paq to the moctpgee aay amoant
aecessary to make np the deficiency, on a befae the date w6ea p4ya~ent of sncb gtonad rents, tazes, assessments,
oc insurencc pceminms shall be due. If at any time tbe matg,agoc sLall tender to tLe mo~t~,agee in accordance with
the provisioos of the note secnced bereby, fnll payme~ of t6e eatire iadebtedaess repreaented thaebq, tbe mat-
gegee s6a11, in compnting the amwmt d snch indebtedness, credit to t6e accamt aE ibe mortg,agor all payieeats -
made nnder the prarisions of (a) af p~ragrapL 2 hered whic6 the matgpgee has not become eblig~ated to poyto
the Secretary af Honsiag and U~bae Dr?elopeent and aay b~lance remaining in tha fmds accumnl~ted under the
provisioas af (bJ d said parngraph 2. If there s~rll be a defanlt nnder any af the prarisia~s of tfiis-~at6pBe. rc-
suhiag in a~ublic sale af tLe premises cov~red ~erehy, oc,if the m~artg,a~g~ce acquires tbe propecty otbecwise after
default, t6e m«tgagee shall apply, at the ti~e of the af soc6 pcoceeding~t or at tbe time tbe P~oP-
edy is otbecwise acqnired. the belance then noainiag ia the funds aocumalated under (61 af P~~Pb Z P~~~B
as a crcdit ag,ainst the emourrt Qf _pdncipal then remsining auQaid widec said note aad shall propeclyadjnst any
Pal?ments ~vhich shall bave been made uoder (a) aE said P~~++Pb• ,
4. That he wlll p~y all taxes, assessments, watet catea, and other goveraoental oc manicipal charges, fines,
oc impositiaos, for whic6 ~ovision has aot been made lkreinbefae, aad in defanlt t6ered t6e matgagee maq peq
the same; and thaE he will promptly deUver t6e official reoeipts thee~efor to the ooctg~gee.
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