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s~id ~a«tpRo~ dves heroby fully w~nan! the title to said land. ~nd w~~y p~?tt tb~~ai~ ~nd will d~fend the some
~~inst ths lawtul cla~s ot ~Il perscas whomso~v~r.
PROVIDED A1.WAYS~ aad thts~ p~estnts an executed oud dsllwnd upon tlw Eollowla~ ca?dltlons-, to wlt:
The ~at~a~o~ a~Ct~s to poy tl~ mat~,s~se. ~x ad~~, tbt priacip~l su~ o[ $~tij 'j'~jp~j) ~
HUNDRSD FIrTY AND NO/~00~~~~~•~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~w~~~~~~~
poilars (S 15 ~ 15Q.00 as ~videnced by a aot~ at ~vea dat~ bece~vlth, wlth latuest fcos date at ehe
cate oI ei~t1~ iQd Ot1~•t1~L~ pec ceatuw ( 8~ Pet ~t~aua oa t6e itnp~id balaaca
until paid. TM said princlpol ~ad i~teaest sl~all be pay~bls ~t tb~ otEjct J. T. Stawart Mort~aga
Company, Iac.~ a oorporation vader ths la~~ of td~ state of Ft~rida,
oc at such other place as the bolder of the note may desi~wte Ia wtitln~. ta aoathly iastollmeats of Qrla
Hu~1d~d 'lti?s~tty-f owc' wt~d t9/100-----~t1+us (t t24. L9 commencing on
the f'irst day of Daaao~ber - . 1970- . w~d oa t6e first day of each moath thee~aatter aatllthe principol
and. interest ars Eully paid, except tbot We firal p~ymeat of priacip~l and inte~est. if not soanet poid, ahall be due
and poyable oa ihe ficst d~y of Nov~mber, ~2000.
And shall duly. pranptly. and tully pedam. dischar~e, execute. effcct, complate. aad comply with aad abide
by epcb and every tbe stipulatlons, ag~eemeats, ca~ditiaas. aad coveaaats oE stid praoissoq aote aad of t6is
mortgage. the~ this mortgage aad the estate heceby cccated shall ce~se ~d be null and void.
And the e~atgagor fuether covenants as follows: ~
1. That he wlll pay the indebtedaess. as heceiabefore provided. PriVllege is reserved to pay the. debt in whole,
oc in an amount equa! to oae a mae ~acnthly paymente oa tbe princlp~l that are next due ca the not~. on tbe ficst
day of aay month prior to maturity: P.oyide~, boaever. tlwt written aotice oE aa inteation to e:eecise such pcivilege
is given st least thtcty (30) days prior to pcepoyment; and. pravided fudher, that ia the eveat the debt is paid ia
full prior to matncity and at that time it is insured uader We pcovisioas oE the Natlonal Housine Act. he will pay to
the mortgagee an adjusted premium checge of one pec. centum (1%) of the original p~iaclpail omonnt thereof. except
that in no eveat shatl the adjusted pcemium exceed tbe aggreg~ate amount of premium cbarges which ~rould have _
been payable if the asortgage had c~ontinued to be insured uatil m~turity; such p4yment to be applied by the mort-
gagee upon its obligatian to the Seccetary of Housing and Urbon Developmeat on account ot moctg,~ge iasurance. ~
2. That. in o~der more fuUy to protect We aecurity of t6ls mortgage, tha ~at~a~a, together witb, and in addi• ~
tio~ to. the monthly paymeats uader the terms of tbe aote secured henby. on the first day of eacb month until the
said ~ote is Eully paid, will pey to the matgagee the followiag sums:
(o/ An amount sutficieqt to provide the holder hereot wlt6 fuads to pay the a~xt mort~aQe u?surance psemium tf t6is iastru-
ment aad We note secured hercby are iasured, or • awothly cba~e (ia lien ot ~ u~ort~a~e ietsutaace p~emium) it t6ey are
beld by 1he Secret~ry of Housia~ and Urb~n Developmeat. ~s Iollows:
(i) I( and so Loa~ as said aote ot even date and t6is iustrnstnt are Iasucad .ac are niasured under the pro~t~ioos ot the
National Housin~ Act. an amonnt su[Cicleat to accumulate. in tb~ h~nds of the bolder oae ft) aonth prio? to its due
dste the aanuai mortQa~e iasuraace pre~+lwo, in order to proride wcA holde~ wlth fuads to paY sucb ptemium to the
Secrctarp ot HousiaQ ~od Urb~n Development pursnaat to tht Nl~tioaal Nonsine Act, as at~ended. aod ~ppllcable ReQu-
lations thereuader. or
(II) I[ aad so loaQ as aaid note o1 evca date and this iasttutatnt are held bp the Sec~et~ry of Housin~ aad Urban Develop-
ment, a moathly charge (in liea ot a mortQa~e insunace premium) ~rhlch shall be ia an ~mount equal to onrtwrelfth
~ (i/12) of one-hslt (~/i) per ceatua o[ tbe averaee outstandin~ bal~nce due oa We note caaputed wittwut t~tin~ iato
accouat delinquencies or prepaymeats;
~ (b) A sum equai to the Rrouad rents. it anr. aest dae. plus We peemiums that ~vill nen become dne and payable on policies
; of tire and othe~ hasard iasuraoce coverio~ the mortga~ed propertr. plus ta:es and assessmeats ne~ due oa the mort•
! gaged property (~ll as estimated bq the mort~agee) less all snms alreadr paid iberetor dtvided br tLe number o[ moaths
~ to elapse betore oae e~oat6 prior to the date ~rhea such ~ound rents. premiums. ta:es. and asseasments ~rlll become de-
~ , linquent, such sums to be held br mort~a~ee in tmst to p~y said ~ound rents. pcemlums. t~es, ~qd specia! assessmeats;
and
(c) Atl payments mentioaed in tbe two precedin~ subsectioas ot Wis pua~rapb and all parmcats to be made aader the note
secured herebr shall be ~dded to~etMr-fi~1 the a~egate amouat t6ereot shsll be paid bp the morta~~~ each moaW ie a
single payment to be applied by tl~e mort~asee to tbe follo~rin~ items in fhe orde~ :et tortL:
(n prcmiwo charges under the contract o[ iasuraace wriW ths Secretary of Houuo~ and Urb~n Development, o~ moothl~
charQe (in lieu of mortgaee iasurancs praaiwa). ~s tde case m~r be;
(II) gro~ad reots, t~:es. assesseaeats. tire. ~nd other has~rd insuru?ce premiums; _
(III) interest on tbe pote secured herobr; and
(IV) amortisatioe of the priaeipal o( s~id note.
Any deficiency in the amount d such aggregate monthly Qayment shall, unless made good by the matgagor
pcior to the due date oE the ne~ct such payment, coastitute an ever~t d default under this moctgage. The mortgagee
mey collect a"late charge" not to exceed two ceats (2t) fa eacb dollar (S1) ~ each poyaient moce Waa fifteen
(15) days in acreans to caver tbe extra expense involved ia handling delinquent peymeats.
3. That if the total of the payments made by the matgaga under (b) of p~rag~aph 2 pceceding shall exceed
the amount of paymeats actually made by tbe n~atga~ee, fo~ Qoneid reats, taxes ard assessments and iasurance
premiums, as the case ~awy bb. sncb ezcess slwll be cred~ted by the aort~pgee en sabsequeat pnymeats to be
made by the mortgagor. tf. however, the ma~thty paymeats made by t6e mortgagor wder (b) of ~wragaph 2 pre-
ceding shell not be sufficieat to pay gROUnd eeats. taxea and assessm.mts and insurance premiums. as the case
~ may be, whe,~ the same zhall becaoe due aad payable, tbea tbe matQ,n~a sball pey to tbe aatgagee aay amount
necessary to make uP the deficiency, ou a beEae tbe date whea payioent of :ucb ~coqnd reats, ta:es. ~essments,
a insurance premiums sball be due. It at aay tia~e the mortgaga s6a11 terder to the mort~a~ee in accocdaace with .
the provisioas of the note securtd I~eceby, fnll payment of the enttre indcbtedaess represented tbereby. d~e awct-
gagee shall. in canpatiag the aa~ount d snch indebtedness, credit to the account d the martgaget all poymeats
made under the provisicas of (a) d paragtaph 2 6ereof wbicb the mat~aQee !ws not b~co~se obllgated to poy to
the Secretary d Housing snd U~baa Developa~t aad aay balance remainiag ia the fw~ds accumul~ted uader the
provisions of (b) of said paragraph 2. 1f tbecs sbalt be a default under any af tbe pcovisioas ef tbis mat~age, rr
sul~ing in a public sale of the pcemises covered xreby, oc,if the mort~a~ee acqutres the property othenrise after
detault. the mortgagee s4w11 apply, at ibe time uf the commencement af sucb pcoceedin~s or at the time the prop-
erty is otbernrise acquired, the balaace tbea remainin~ Ia the Eunds ~ccwaulatad uadec (6) oE para`rapi~ 2 precedia~
as a credit a~inst the amonat of principo! theo remainin~ unpaid under said qpte aad sball pcpperlyadjust ony
paYments which sball bav~ bten awde undet (o) of said pora~apb. ~
4. That he will p~y •11 taxes, ~sessmeats, water ntes, and dher ~overnmental or municip~l ch~r~es. fines.
or impositioos, tor wbich pcovutan has not been wsde be~einbetoce. aad in deE~ult tbe~ed the mort~agee may p+iy
tbe same; •nd that be will.promptly deliver the alticial tsc~tipts tb~teioc to the ~tp~ee.
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