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K1 tot do~s iN~abp t~11y wreraat th~ titl~ to sajd laad. ~nd way p~t thtnat. aad will d~isnd tbt a~M
wrhl clRiis at aQ p~rsoas wbowsvewr. •
AL~AYS. ~nd tl~ paseata u~ ~x~cut~d aad dtUwnd npon t!~ followta~ ccadltla~s, to wit:
' ~ott~a a~s to pq t1~ Ma~tpp~. a o~dsc. tl~ princip~l ano ot FIl~E~1 1°H0l~4AND .
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Odl1~ t~ LS ~'7'00,00 as avid~d bp • uot~ at evsn d~t~ lrc~with, witb lat~nst ftoa d~t~ at tb~
a~ d !l~1t iDd 0~1t-htL! Pk ( 8i} Per aaaua an tbe uap~ld baLnce 4
..td p.,a. ,'ie s~ia ..a ,~t s~U be p.,.e1e ~t tl» offi~. d J. T: a~rsw?~tT MoRS~1oa
O~, INC., a ootporatioa uadar ths LaW~ of tha stat~ of Ptorida.
« at s~ci cRl~ pLoe as tbe 6oWer af tl~e aote ~ny desipete iu ~ttiag. ia ma~thly lnst~lla~sats of OU~
~u~ds~d itirrRty and 7,/1~0---------•~ollars (t LZ0.7$ ~ cowoencia~ on
tie ~ad dy aE OC~Ob~` ~ ' . 1970 . and an ths tiest day. o~ e:cb eoath theceafter uatil tbe psiacipol
a~ i~bswst aee f~il~ ~paid. esoept tl~t die fhal pMysent af principa! and lntuest, if aot soau~r paid. sf~all be due
~.a ~l. a. w~c ~r ot S~ptybar, Z000 ~ '
R'~hi. and fully peef«a, dlsc6arga. e:ecnte, effect. complete. aad comply witb aad abide
bl? ~~aid e~ee~ ~rs. stipalatiaos. a~reeoeata; coaditia?s, and covenants of sRid proaissory note aad of this
~oetap, d!e~ t~is a~oeti~e a~d t6e estate hareby cee~ted s1w11 cease wnd be aall and void.
.1W t~.~o~air isd~e~ ~oveuants as fopoRS: -
1. Tyt ~t will pa~ d~e Ldebt~, as hereiabefoce provided. PriYilege is reserved to pey t6e delit in whole,
a ia a~ a~o~R eq¦~i to one a~are woathly p4yments oa the priacipal that an next due an the note, oa the ficst
dajr aE-w~r iortM prior to Pra•i1a1, bowev~er, that ~rrittee aotice af aa iatention to exercise snch pcivilege
is ~*e~ at ~st tLiety (30) days prior to pe~poyment; and, p~avided fuether; tlwt in the event t6e debt is paid in
f~11 pcio~ to.~it~ aad at that tiee it Is iosored under the provisioas oE the National Ha~sing Act, he aill psy to -
t~e ~oet~yse a~a ~d~rsted p~ia~ cbacge of oae per centnm (1%) of the arigiaal principal amouat Weceaf, except
t1~at ia ao ewnt sL~ll the.aajasted pr~ium e:ceed tlie a~g,ate amouat of premlum charges w6ich ~vould have
be,ea p~}~ble if tLe ~oetpEe l~ad oontianed to be iosured nntil maturity; such paymeat to be applied by tbe mort-
6~e oPa to tlie Seccatary af Ha~siaR aad U~:I~lv~elb~e~t~on acconat oE mettgp~ ias~rance.
2. 'Ttiat, i~ ado: aae folly to pcotect tbe secority d dli; oaet~.~the mortgagor, together with, and in addl-
tias ~o. ttie ~oaRhlp pey~nts mder tl~e tec~s.of t6e~,ncte`~eecnred beeeby, on the ficst day of each mont6 natil the
said aate is f~Uy P~. ~ P~Y to tbss~oitgagee the follawia~ sums: ~ ~
(.1 Aw a~ot s~ickat W provide t6e holdes: 6'e~ witb Amds to pq t~e nezt mort~aQe L?suraace premium It this instnr
~st adtie ~ot~ sec~eed benb~ ae~q.jssnt~d, or a aioatbir, ~(Lf liea ot a mortQage insurwce premium) i[ they ~re
reli b! ~e Seaet~r ot Hoosi~K aad Ueb~a ppelop~est. ~s [oUo~rs::
(n U a~d so lnet as sald sot~ o[ ~~ren d~M ~ad tWs Latroseot ~re lnsur~d or ar~ eeiaanred mder the pro~Isfoas of tbe
NatLoo~l RoasL~ /1ct. ~a ~o~mt suQici~at to accaad~t*~ je ~tM Aaad~ of tM bold~ on~ (1) mont6 pHar to ib dne
d~0e the aeaaal ~atP~e isso?asco p*esi~ra. L wdec to peo~lde ~sch bolder~ wtt6 [mds to p~r suchpremiuar to tbs
Seuet+rf oI Hansia~ asd Urb~a Dev~lqp~eat parw~nt to tbe Natlonai Houain` Act. ~s amended. aad ~pplicable Re~-
tatiass me~em~der; ar - . _
(Ih II sed so loot as said note d eren date aed this-inst~ument ue held b~ the Secretary of Housin~ ~nd Urban Develop-
se~~ a so~tht~ cbarte (in liea ot a'o~ate iowr~ace premium) whicb shall be ia an amount equal to oae-tweltth
(1/12) ot aae-Latt (y~ p~ ceaboe ot t6~ avera~e ontst~adlnQ bataace due on the aote comp~ted witlwut tatin~ into
aocoa~t deli~qaeaeles or pce~pseots,; •
!b) A ss eqoal to ffie Qaod seats. iE an~. ne:t ~ue, plns the peemi~ms that ~rili nen becomc dne aad ~ble on
of Cue aed otl~er l~asa~d iasaraoce oo the P~7 pollcies
~ated p~ap~t~ (~n u estl~tsd ~~y~erieK mortsa~ed pr+operty. Dlas t~zes ~ed assessaients ne:t due on the mort-
tL mo~~~j less all snms alread~ paid therefor divided b~ the nuaber oE montLs
to d+ipse betoee oae ~ont5 priac to the d~te w6en such ~ound. reats. premiwns, tues. aod assessments ~vill become de-
~ . snc~ saos to be 6aW-b~ _ao~t~~se Jp tryst to.p~~ said ~round reats, preminm~. tu~s, ~nd ~pecial ~ssessments;
i (c/ A11 pa~aeata ~eatioaed in f~ t~o Prleediat wbssctton~'of this Wr~~apk.ind ail
sec~ed 6areD~ a~halt be sdde~•t asd ~s tf smo~nt We~eo[ aball be ~yments to be m~de uoder the note
siy~e p~~ent to be ed ~a ~t!'d bl' the mortsa`or e~ch moath in a
+~pplt b~ f~e ~oct~,, to tlke ,tollawlo~ ;teAS ~n t¢~e osder set to~tli:
f (l~ peeaia ci~es a~der fbe ooatroet oi insacaace witb F~ Secret
;6e ae~.Qt_Houaln~~d Urb~n Development. or monthly
satp~ inspnie~ p~ia~~ ii`~ cue ~uq1 be; •
(TU Po~ ~s. t~zss, ~sssss~~?: flre. a~d oti~r I~rd lasvaac~ Prea?inmis7r.; ~ . ~ '
(IIn i~te.es: aa ebe aote secwad 6eribi: ao~-' '
(If~ a~aKisatla~ at tre prjac~pil ot sd~d ~ote: - ` ~ . • ,
~ Aa~ deficieacy in t6e arorrt ot..s~ a~teg~~e ~ly 'poyment s6a11, tinless made good by the m«tgagoc ~
prie~ to t1~r dne date af tbe ne~ sac6 p~r~ed,-co~stitabe on eveat d.def~it ~tode~ this mortg,age. The mortgagee
~ap oollect a"Is~te cbar~e•, ao~ tQ ~aee~d -two oeats fa~eap6 dollae (il) of eoeh pay~aeat a~oce than fikeen ~
(1~ days ia ~ to cavec t~ elQ[~ espcnse fiwolv~d i4 ~4q8 ~13nQuent peY~nt~•
3. 1SaR if die tdal af the p~y~t~ ~s~de by tLs e~or~gat nnd~ fb1'~ P~Y~Pb 2 preceding s6aU e:cced
tbe a~ af p~yaeab actoally made by t6e ~nort~,a~ee, fa g~ound rents, taxes and assessmeats and insurance -
presin~s, aa t~e ca~e soy be, snch ezcesa sl~all be credited by t6e mortgp~eee oa subsequent payments to be
~ade by t~e aat~~a. ff, hawever, tbe moathlY Pol?ments oade by the moctg,aga utder (b1 oE PoraB~Pb 2 Pn-
~ cedios s6a11 iwt be sa~'icieat to P4Y g~ound reab, taxes and assess~nts ond iasurance premiums, as the case
aay be. w6ei ~e sa~e ~sl~ll becooe doe and payable, tl~ea tbe ~q~rt~a~a~ sh~ll poy to the matg,ogee any amount ~
oeoe~saey to aiw a' tlr deKcks~,~, on ar beEare tbe date ~rbe~ p~yment aE suc6 gcamd reab, tues, assessmeats,
~ ti e
oc i~sisa~oe pesis~s si~all be d~re. If d~y ti~e tbe watg,a~or shall tendtr to tbe moetp~ee in ~cdaa~ce with
tk p~ovisiars af W~ wate secared Lecebq, fnU paymeat of the entire iadebtednes~ repceseated ther~by, t6e ~at-
~ S~t~ ~11, i~ oo~p~tin~ t6e a~amt ef snch indebtednes~, credit to tlee account af tbe mortsagor aU P~lr~e~s
~de ~mder t~e pro~isia~s ot (s) d pprag,~aph 2 6erecE w6ic6 tl~e murtg,n~ee bas not becoae oblig,~ted to pay to
tie Secrataqi~aE i~siot aod Ut~ad Derelopsent aod aay bal4oce rraoining ia the funds aocumulated under tbe
pco~?isio~ d(6) d said pWa~raQb 2. ff tbere s6a11 be a defanlt ander any of tbe p~aviaibeo aE tbis'mafp~e. ce-
saltias i~ a~p~~C ssM at tIK pra~aes co~rsd Meebr. d~ ~f t1~e pat~gee acquires the property otherwise aftec
~ debolt. tLe a~at~a~ee s6~11 apply. at the tiw aE the comoencemeut of such prxeeding~s a at tbe time the prop-
at~ is dire~wts~ ac~ired, d~e b~l~soe tben ee~iain~ iu the funds accumulated nnder (b) of para~eph 2 precediai
ss a credit aaiast tLe a~o~r~t.af pc~iP~~~tLea ce~iaia[ mWid wtdsc srid pott and slwli properly~djust oay
P*l?~ts wLic1~ s1a111nv~ b~ a~de ond~,(v1 d sald p~ca`tapb. .
1. '!!~R 1~ will pay aU ta:es. assessmeats. water ntes, w~d dher goveraeental cr municlpal char~es, fines.
ar i~positioes, far which pravlsiaa bos not b~sa ~wd~ btr~tob~~are, aad ta deEauit tbereaf tbe mati+~~ ~Y P~Y
the sa~e: aad t6~t ht wip pro~ptt~r deliwt t~ oE~ahl Noetpts tl~eeeta to tbe roort~~ee.
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