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sajd ~at~~ar aws 1~~ fatt~ w~eeMt tf~ titie to sa~ I~i. ~1 w~r Met tl~eoE. ~wi witl i~t~i d~ s~~
.~.~s~ c~. r.~i cy~s, d a~i p«~o.s w~w~so.w~.
PROViD6~D At.~AYS. a.d di.s~ p~.tMts aes ~c~t.i ari ~1i~e~i ~ t~ t~llawt~ co~iLCia~s. to wIR:
'Tf~ ~o~tp~oc a~tws to ~ tM ~t~r. ~ a~r. tM ~ci~~?t a~ aE Z'tI~7~ 1tiOQS~~
fYYw~~ ~ ~/7W'~~~~~w~~w.~~l~~~~~~~~~~~~~~.~~~~~~~~
DoUyts 1~~~~j0.00 ac wi~yd b~r • Mote aE ~w ~ M~eawitl~. wit~ ~ Go~ iat~ at N~
r~t~ oE SIQ$T jlfp bITS~N~L~' PK cs~Rw~ ( 8~ P~ a~w~ a~ tM ' M1~a~rc~
witil paLd. said pciu~ip~l sad tot+~st shall be pqrabl~ aR tl~ v~ic~ vE ~T.T• 8T~R't
C01iPA1Rs I~C. i~t S~o~it,~ 300 - 100 lL~s~s?o~~ Itil~, C~ral GaDl~~~ ~'lorida.
a~t sac6 atl»r pl~ce as tl~ 6old~C of t1~ aot~ w~,~r d~sip~b iu weitie~, iw ~o~tib i~sbtlweats oi
0~ $~D ~..A~. ~g/100------ Oollaes ~S 103.~~ ~ co..reeciet cw
the ttrst d~Y ~ 8~pt~ox' . 19'~0 ,~d aa tf~ Gcst dp? cE Mci~ ~o~R1 t?~ee~R~c ~tiltMptircipal
~?ad tate~est M fa11~? P~. ~x±c~pR ~t t1i~ Eisal ps~t at p~~cipal asd iatee~st, tE ~ot soo~ p~d. sWl be d~
~ P~l?!4bM a? tM ~est d~p af ~.t ~ .,jtOQO. : ~
A~d s~U daa?.. pcc~ptU?. a~d fn11j? P~~. d~. e~a~cua. s~. cwpMt~. aMt c~ wit6 ad abid~
by eacb ~ad evetX. the ~ttpnl~tioas, ~~eweats.: caiditiqo~s. aad co~aa~ts of said pa~is~oty ~ot~ aa~i oE tlis
moet~a~e. tbea His aoet~a~e aad t6e est~te he~eb~r cee~ted shall cease a~d be ar11 awd void.
~ Aud the oatp~oe f~~ cc~venants as folio~ws:
1. That L~ wlll p~y tbe Iadebtedoess. ~s 6ereiabefae pewided. Pslirile~ is ee~e~vad to pay t6e debt ia wliole. -
or ia an a~ eqqtl to aae a~~aoce aoathly P~l?~ents aa tbe pdncip~l that ~ee ae~tt dne oa the aote, aw tLe flist
doy cf atrir aonth ptlot to o~tntity: ProviJel, howeti~t, tl~t wtltta~ liotic~ d!~R iwtentio~ to e7~etcise strch pti~ile~
is ~iv~a at lesst t6litj? C30~ daYs Pdoc to P~P~Y~t: ud. Pca?ided fmtber, th~t ia t6e ev~eat t1K debt is ~Id i~
fnU pda to e~tniity and at thet tiee if is insarad mdec the peo~visioos af t6e Natia~al Hoa~sia~ A~ct. he will p~y to
tbe woet~,a~. aa edjnstad p~emiuw ch~r~e oE oae pe~ oeatua (1!i) of the oci~ia~t pdacipal. a~ount tkeeaof. e~pR
that in ao event sball the adjasted pce~in~ e~teaed the a~ate aoiouat of ptcaina chaetes w~ic6 woeld b~ve
been psyabie 3f the ~a$e l~.d aa+tiaaed to be ias~eeea ~t~l s.cnrity; snca pi~?Aeat to be applied by t6e ~at-
g~gae npoa ib eblig~atica fo the Secretary af Naniss aad Ueb~a Develop~eat oa aocenaR af ~atp~e Ls~asce.
'1'6at.. ia, c~~ .~wa fnlly.to.p~teet ~e asc~tp o~ t6i~ ~a~e, #!R=~~Ri~. ~3~~it l1~•-~ _~idi-
ti~ to. the oontblr P~Y~ats uade~ tbe te:'s ef tbe uate secwed bec~by. oa tLe first day of ewc~ sont~ i~atil the .
said act~ is fnlty p~id~ wilt• pay to tbe ao~t~gee tbe follawie~ sn~s:
(o) Aa a-ount wlfficjent to pw~id~ the Adder Mreot witA tnsds to pa~ t~e o~=t ~oet~ iwsoeuce pe~ius tsis i~st~-
meat ~nd t6e aate ~ecw~ed hueb~ ~re Lssond. or a~oathll cA~e~e (ta Uaa ot a aoet~ iasdr~ac~ pee~iwn) iI 1?~~ m
seld b~ the 3ece~t~ of ~iensie~ and UrDy D~~elop~e~~ ~s EoUows:
(I~ U~nd so lon~ as said uot! oE e~ea d~M ~d H~is isstn~eat ae~ isswd or ae~ ~ ~a~e ttie P~o~rtdows ot f1t
N~ttooat Hou~ Act. an a'ouat sa[Hci~at to acne~i~M fa dr lir~s ot itit ~oW~r ose tn io~t1 piae to 3ts ~e
date tbe aon~al ~o~a~e msor~ece pe~tn~. L«da* to po~id~ sncA ~olde* witti [mds to p~~ soctipe~ina to t1~
Secretary ot Hoosia~ aad Ueb~a DeKlop~eat p~aanaat b tM liatio~al Noosi~ /bc~ as a~awd~d. ad ~ppiicabl~ R~-
l~tims ~en~m~r; or
(ln U aad so loot as said note at e~en d~M aad t6is inu~t ~ Mid.b~ tM 9lcNt~ ~iHossiat aed tJeba~ D~~elop-
meot, a moatbll ct~ree (ia liaa ot •~aRe iawnacs pnaios) wtiicL sWl b~ ia a~ a~o~t eawl to oaa-tw~IR~
(1/12) of oae-half (y~ per ceatmn oE tLe av~ ontsWdia~ b~lawe~ 6u~ o~ U1~ aot~ cowputed wit~t tatia~ iato
acco~mt d~liaquenctes or prep~~raants; ,
(b) A snm equal to the ~round reats. lE aay. nert due. plus tN pe~aiao~s twt Mit ataR D~oo~e i~ ari }~able oa polieies
of [irt and other hasard insnr~sce co~erio~ tl~e ~att~~ Prol~7. ba:p ~i assessMats ae~t i~ oa ihC ~oet
~ ~`ed pcopertp (all ~s estisated b~ the mattsa~ee) less W s~ss alre~d~ paid IMe~tot ai+Idad b~ Me nwa0er ot ~ontls -
to elapae beEore aue maatb peio~ to the date wLen s~ p~amd ~aats. pe+aiows. tasss. ~nd ~ssesstests will beco~e de-
~ . linqueat. sucb suas to be held b~ ao~t`a~ee in trust to p~y said seou~d ~eats. peewiass. ta:ts, aad specialassessaeats: -
+u~d
(c) All payaieats meetioeed Fe the tw~o pcecediot snbasctioas ot tdts p~ra~rapA a~d all p~eats to ~ sde ae~de* tbe oote
sec~ued hereb~ ahall be added to~etber aad tl~e a~ate ~aunt Heeeot sAa11 be p~id A~ tl~ ~aca soats ia a
sin~te p~roent to be applial b~ th~ ~to tl~:[ollowi~ ite~s iw 1de ader set toeth: .
Peeain~ cba~es nnder tAe eaidn~:f e[ jas~ec~! wi8~ tse Ssce~tar~ ot Hoosia~ rd 1h0aa DeKiop~ewt. or ~oatdl~
cDane (ie lieu ot mo~qe iasorance _~reaias~~a`s tl~t case ea~ _bt; -
(Iq ~ro~md reats. t~es. assesswAo~es. Qte. asA o~t fi~sird ia~m+i~c~ pe~tu~s.r ` -
(IIn int~st oa tht not~ s~c~d bee~b7: ~ed -
([V) a0atisatlow o[ the ptiociP~l oE, NiA aoN.u , r. r-;:
Aay deficieacy in t1~e ~oonot d snch a te oaathl~r yaent,slaalI. mleas ~~de good by tlx ooet6a~oc
pri« co cbe aoe d.te of t~e ne~ct sac~i p~tnr.
~ticait~
.i1 a~ a[ ~e~1~'~oisaet ~is .«cga~e. Tbe .ooecga~ee
may ~collect a"late c6acge•• uot Rq: _P~tceed two Qepta (2~),foc arch dd}~c (~1) QE .e~6 PoYaKaR eoce thaa fiReen
(15) days in arcears to cavcc t6e aitra e:pee~e ii~volved ia'b~adlisr dElioqua~R P~7~-
3. That If tLe total af tlk poyments aade by the eatp~« ~nder (61 d' P~RA~ ~ P~~t ~u e:ceed -
the a~nt af poyoents actw~Uy ~ade by t6e ~ortaa~ee. fa gaund reats. ta:es aad assess~e~ts aad iAS~uaace
premiuma. as the case awy be. snch e:ctss slMll be c~edit~d by tbe ooctpsee a~ snbseqoeat p~ywents to be
mode by the ooctgagoc. ff, hawever, t6e moathlY PoY~s by the ~ortpsor adet (61 af P~6I~Pb Z P~-
cediag slwlt aot be sufficieat to Pay E~nd ceats. t~ces aid assessaaats aad iusnraace pee~ines. as t6e case
may be, w~q tbe ~t~_siwll becose dne aod p~yable. t~ea t1~e woet~a~ac sball paY to the ~oitp~ee any a~at
necessary t oake up t6e deficiency. oa ar befae tbe date w6ea p~y~ent af snc6 ~rou~ reats, tues. assessaents.
o~ Lssucasce presimis shatl be due. ~ at aay tlee t6e ~aetp~oe sVlltesder to t6e ~oetp~e~e ia ~ccocd~ace wit6
tiie provis~oas of the note secoe~d 6ereby. fo11 P~Y~eaR af the eaRize iad~6h~ss rep~aseeted tl~ere6'!. t!e ~oet•
~ee sf~sll. u_ca~p~tia~ tbe a~oret at aac~ isd~b~sdaess. a+ei~ to tre socodet d tM ~o~t~o~ all p~y~ts
msde nada t4e ptavisioas aE (s) d prraRap6 2 6ateaf wliicA.tlr ~oetap~ Ms oet b~oo¦~ abli~at~d to pnrio
the Secretary~ of Housins and Utb~n Dawlop~e~t a~nd aa~? bplsnce ee~inin~ iA t6~ Emds accuwlated m~der the
pro~visioas d f6J af saia p~raQapb 2~-. If tbere s1~11 be a defwlc widec anj af the pcavisioaa d this ~at~. r~-
snlting ia a pnb~ic sak d tbe qeaises carered haeby. ar if the ~atiape acqaires the pevpectr otkewise aftac
default. tl~e' 0a~,a~ ~I~app1~. at.t~ ti~e oE th~ tWliean11Ne4t aE srch poceedie~s or at t6e ti~e t6e pro~p•
edy is ot6etwise acqnired, the b~lancr then e~~inins ia tl~e faods aocu~elated ~oder (61 vf P~R~~ Z P~'~~t
as a cte~dit a~~ast the ~~ontlE cf p~lacipal t6eo rew~i~in~ mpaid ~nnder s~id ~ote aad a1a11 pcopeclp adj~st aar
p~yreab wLicl~ si~11 lrve Me~ Md~ adie~ (aj ~f saM~p~eapi. ~
TMaR b~ wlll p~y ~ll bs~es, asstsirients. w~ter e~tea. a~d e~tist lesernsental ~c ~ici~al c1l~rtes. fin~s.
o~ iaposjtiaas, fa wkk6 prarisiaa I~s eat been ~de laieto6efa+e. aad ia defa~lt tbereat tlie watp~~e Pn
tbe sa~e; ud d~at be wiU pro~ptl~ deliver tb~ aEEiekl eeo~ipts t4ee~Ea to t~e ~oet~e~. ~
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