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The Mortgagor hereby covensnta with the Mortgagee~ that he is indefesaibly seized oi eaid Isnd ia tee
eimple or such other estate~ ~f ar~y ae is etsted herein; that he haa tull power and lawtul right to oonvev the sxme
ae R[oresaid; that the lend ~s free ~mm e~ll encumbrancee except as herein otherwise recited; that seidRMortgagor
wiU maice such further eesurancea to provo the aforesaid title to said Isnd in said Mort.gagee sa msy be reaeon- ~
ablyreq uired~ and that said Mortg4g~oc doee Leroby f~ warraat the tiWe to eaid land~ and evely psrt thereof, ~
snd will defend the same agsinat the Inwful claima of pereona whomsoever, i
PROVIDSD Al.w~~e that if the l~iortgagor ehsU pay unto the Mortgagee that oert~ia pmmiseory note~ oi ~
whic6 the lolluwing is a eubstwutial coPS~ to wit: ~
i 29,800.00 Melbourne , Fiorida.
July lst ~ 19 71 . ~
Fos VeLUS Racscvsu, tha underaigned promiee(e) to pay to ;
~ STOCICTON, WHATIE7(, DAV1N & CO1+~AN7C ~
~ a oorporstion organised aad e:istirwg under the ~
lawe of the StAte' o" ~R'lorida ~ or order~ the principal sum of ~TTY-NiNE THOUSAND~ EIGHT Ii[JNDRED
and 1~/].00 - - - - - - - - - - - - - Dollare (i 29~800.00 ~vith intcrest from date at ~
the rate ot Seven per centum ( 7~Jo) per annum on the unpaid balance until paid.
The said principal and interest ahall be payable at the office of
STOCKT(~'i, WHATI~Y, DAVIN & COI~ANY
~ Jacksonville ~ Florida ~ or at such other ptao~ as t6e 6otder may designate in writing
delivered or mailed to the debtor, in monthly inatallments oi ONE HUNDRED HIl~`TY-EIGRT &~~7/100 Dollare • j
1~.47 cwmmencuig on the 6ret day of September , 19 71 , aad continuing on t6e ~
first day of each month thereafter until this note is fully paid, except Lhst~ if not sooner paid, the Snal psyment i
of principal and interest shall be due and payable on the first dsy of J~y , {
Privilege ia reserved to pr~pay st any time, without premium or fee the entire indebtedness or any pert ~
thereof not leas thaa the amount of one uistallment~ or one hundred dol~ars (E100.00), whichever is lesa.
If any deficiency in the pavment of any inataliment under this note is not made grwd prior to the due date ~
of the ne~t such installmeat~ tbe entire principal sum and acened interest shall at once beoome due and ~ay- f
able ~cithaut notice at the option of the holder oi thia note. Failure to exercise this option shall not constitute ~
a w aiv~,r of the rigLt to exercise Lhe same in the event of any subsequent default. In the event of default in the
payment of this note, and if the same ie collectsd by an attorney at lnw~ the undersigned hereby egree(s) to ~
pay alt costs of collection~ including a reasonable attarney's fee.
This note ia secured by mortgage of even date executed by the underaigned on certain property described ~
therein and represents money actually used for t6e acquisition oi said property or the improvemente Lhereon. ±
Presentment, protest, and notice are hereby waived. j
~ s A1ton Gqacland Cox~ Jr., also______
L_..._----- <<~
known as Alton G. Cox~ Jr. A y~~~
~
/s/_Patricia M. Cox ' ;
[sa~?L]
And shall duly, promptly, and fully perform, discharge, execute, effect, complete~ and compty with aad abide
by each and every the stiputations, agreements, conditions~ snd cot~enants of said promissory note and of this
mortgage, then this mortgage and the estate hereby created shall ceage and be null and void. ,
The Mortgagor further covenants as follows:
1. That he will pay the indebtedness, as hereinbefore provided. Privilege is rnserved to prepay at any time~
without premium or fee, the entire indebtedness or any part thereof not Iesa than the amount of one installment, or
oae hundred dollars (t100.00), whichever is less. ~
2. In ordPr morP full~• to pmtF~t ih~• s~curit~- of this niortga~e, ihe ~tortKa~or, tog~~ther with, and in ~
a~ldition to, th~ monthl~• pa~-nients under th~ t~~rms of thc~ note s~•~•ured h~~reb~-. on ih~~ fi~t da~• of c•a~~h month
w?til thr ~vi~l n~~ts~ i: fuli~- pai~l. ~~•ill pn}- to tlZ~ ~tort~:ag~~r. ~s iru,tr~~. (und~r th~~ t~~r~ns ~~i ti?is trust a, hrr~in-
after :tat~~~l) th~• fotlowi~i~ swns:
(e) A sum equal to the ground rents, if any, next due, plus the premiums that will neact bec~ome due and payable
on policies of fire and other hasard insurance covering the mortgaged ptoperty, pius taxes and assessments ~
next due on the mortgaged property (all as estimated by the biortgagee and of which the blortgagor is ~
noti6ed) less all sums aiready paid therefor divided by the numher of months to elapse before one month i
prior to the date when such ground rents, premiums~ tsxes, and as.gessments will become delinquent,
such sums to be held by Mortgageeintruattopaysaidgroundrents~premiums,taxes,andspecialassessments. ;
(b) The aggregate of the amounta pay nble pursuant to subparsgraph (a) and those payable on the note cecured
hereby, ahall be paid in a single payment each month, to be applied to the following ije~iin the order
stated
(I) grc>und rents, taxes, assessmenta, 5re, and other haaard insurance premiuma; ~
(II) interest on t6e note secured 6ereby; and ~ i
(III) amortisation of t6e princip~?1 of said note.
An~ deficiency in the amount of sucha~ gregate monthly payment shall, unleas made Roa1 by the :~fort-
gagor priur to lhe due dsle of the next suci~ pe~•m~nt, c~onsUtute an event oi default unci~r this mortga~;e~, ~
At ~lortgagce's option, Mortgagor will pe~• a"late charKc" not, exceeding [our per centum (9%) o( an~~ install-
ment w-ben paid more than fi[t,een (15) days a(ter the due dat~ thereof to covcr the ~xtra expenst~ in~•oh•ed in
}?andlit?g delinquent psymenta, but such "late charge" shall not be payeble out of t!?e prv,c~~«i~ nr a~?~• sale
ms~ie to satisfy the ~ndebtednesx se~ured hc~r~by, unl~~.4 su~h proc~eds sro euffcienL to d~scharK~ th~ ~•ntire
in~lebtednes,s and ell proper coals and expc~nses Becured thcreby. '
:S. !f the~ ~olel nt th~• pa~~inrnis ~niul~~ t,~~ th~~ ~1nrtKu}~~~r un~l~~r lu) ~~f ptira~;reiph 2 ~?n•~•~~~Iin~?,l~Hll ~•x~•~•~•~l
th~• atn~~unt ~d pe}•~n~~~itti artuull~• inu~li• b~- I~u• ~1urt};n~;i•~~. itx iru~l~~~•. f~~r };r~?~nu) r~~titz, ttt~~~x en~l :~..a~•K.~in~~nt~, '
nn~l ~ntiurxn~•~~ pr~•~niuin~, ax ihr ru~~~ ini~~• tN~, su~~h ~~x~•c~~s wliall ix~ ~•r~~dit~~~t ~?n suiwi~i~ui•nt pnt•tn~•nt~ t~~ Ih~ ntsdr ;
~t• ih~• tlortuuKnr f~?r ~su~•h iton~5 ~rr, ut ~i~?rtKaK~~~~'a o+?lio~~, :tR ttu~tt~~e•. :~hall b~• r~dun~l~~d in ~iorl~e?t,ur. If. f
i~nw~•~~•r, yurh iunnthl~• +~a~•nu•niK KLull n~~t tH~ Kutii~•i~~nt lo pu~' tiw•h il~•u~;~ wh~•n th~• si~ni~• sl~al~ IN~~•ou~r du~• !
an~t purnl?l~•. th~~n th~~ ~1ort~?eK~~r Hhiill pu~~ to tlu~ ~lort~;x};~~~•, ux truxt~~~•, nn~• unu~ut?t nr~•~~:~~,~rv t~i in~k~~ up
.
th~• ~1~•hri~~nr•~•. ~urh pH~'tnrnl »I~ull 1?~~ niu~l~• within tliirt~• (:SO? ~Itt~-r nfl~~r ~•rilt~~n n~~ti~•~~ (tt?tn f~u~ ~1ortKe?K~•~•
atetin~i~e~tr~ount ot lbr deficien~~v, which notiec• msy be ~{iv~n 1?v mail. lt ~t any Ur~~ th~~ 111ort~i~r ahxll
"~a1045 $ou~ 19~~ e -
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