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The Mortgagor bereb~ oovenaata with tLe Mortgag~ee~, thati he is indete~~~ ~eised oi ~sid Iand ia ies
imple or such ot~er estatet ~iaay as is st~ted he~ein; tLst he has !ull power and la ul righti tio oonve the Mnns
as uforasaid; thsti the lwd ~s f=ed ~rom all eucumbranoes esoept as hec+ein othonvise recit~ed; t~L~6 said~ortgagor
will m~ice such tiirther ~esuranoes to pmve tbe Joreeaid tide to ~aid land in N?id Mortgages as ma, bs i+e~wa-
ab~yrequi~ed, and tL~t raid Mortgag~or does Lereby i w~rranti the vtle ta said Lad, aod eoeq part theceot~
snd will defend ths same agsinst t6e la~vful oLims oi~ pa~wns ~vLom~oevar.
Pxovwsn ALwsts tb~ti ii tLe 14iortgsg~o~t aDall py nnt~o tirs Mott~~es tLu1 oerwin p~romiror~ nots; d
which tLa followip~ i~ ~~abat~atial ooPJ, to wit;
i 25,300.00 Stuart ~~'kM•
October 23 s 1~'J4 .
Fos Vi?wa Asc~sq tLs undsr~isned p~ombe(s) to pey to SOUTFtERN MORTGAGE ASSOCIATES, INC. ,
authorized to do business in the State of Florida
, s ooeporstiaa ae~piaised and eo~ nadee tbs
l.ws ct State of Arkansas , a ade~, tLe puinaipal .um at TWENTY FIVE THOUSAND THREE
HUNDRED AND 00/100------=----------------Do~Lrs (i 25,300.OQ with int~ere~ fi+om daEs ~
tbe rate at nine and one half per ceatum t 9.5 pec ~nnum on tbe unpaid b~Laos uatil p~id.
Tbe eaid pr'wcip~?1 aad int~erest ~haII be p4ysble st tbe o~ce ot Souther~ Mortgage Associates, Inc. ,
1999 S.W. 27th Avenue
in Mi ami , Fl ori da - , or at acL~otLer pLoe as tbe Lddesr m~y de~ignste in w~itin~
delivered or mailed to tbe dcbto~r, in moathly inatallm~nta of TWO HUNDRED TWELVE 6 77/100-----Dollars
212. 77 j, commeacing oa the fust day of Decembel^ , 19 74 , aad oontinuina ao the
first day of ee?ch month tLereafter until this note is fully paid, ezcept ~L~?tt _if not woner paid, tLe Snal ~p
aymeati
oi principal and intereat shall be due and payable on the fust dsy of november , 2004. ~
Pri ~a re~gerved to~ prepay at sny time, witliout premium or fee tLa entire indebtednees or any past
thereoi notles~s than the amount of ono u~stailment, or one Lundred dol~ars (i100.00), whicliever is lees.
If anp deficiencp in the paym ent oi any instsllment under this note ie not made good prior to the due dste
of the neat such installment, the entire principal sum ~nd socrued intereet shsll st ance beoome due snd psy-
able without notioe st the option of the holder of thia note. Failure to ezercise thia optioa ahall not oons4tuts
s waiver of the rigLt to ezercise the same in the event of sny subeequent default~ In the eveat of detanlt in tbe
paymeni of thia note, and if the asme is oollected by aa attorne~ st Lw, the ~mdeteigned he~eby agree(s) to ~
Pi?y all oosts of collection, including s reasonsble attorne~'s fee. - " !
1'hia note is secured by mortg of evea dat~ ezecuted bg the undareigned on aertain property deecn'bed
ih~erein wd repreeents money uc~ imed for thf~ ~cquisition oi ~aid Pt'~P~~1 ~at tLe imp~o~amanis tbe~reon.
Pnsentanen~, protest~ and notice are Lereb~ waived. .
~i/~ IAMEt L_ FARINEALI. JR. [~,1 ;
' James L. Farineau, Jr.
~s/ SHIRLEY A. FARINEAU _ [g~,] t
Shirley A. Farineau
'i And shaU dn1~9, P'~P~7, ~~7' P~~, ~ba*Se, a~~, ~e~, ~P~, ~PiY wit6 and a~de
~ ~mozt~g,sge,~tb~
~th1s m~ort~age~and~'tbe e~~he
by,~cs+ee?t
d~rhail oeaee aud be u~ ~ note aad d tbis
~ The l~artg,~gor further ooveaante as follows:. ~
l: lbst he will pey the indebtednees,- aa hereinbefore pravided. Pri g ~e t+ese~ved to P~7 ~~7
witLoutpre
~'um or fee~ the eatire indebtedneee or sny psrt tLereo~f not 1ees~than tbe ~mounti of ane ias~allmeat, ac
aoe hundred ddlara (~100.00), •whicbever ie leee.
2. In order more tully to pmtect the aecurity o[ this mortgage,' the Mortgagor, together ~vith and in
sddition to, the monthl~ pasmente under the terms of the note. secured hereby on the first ds~ of eac~ month
until the said note is fully paid, will pay to the Mortgagee, as trastee, (under t~e terms ~t this trust as herein-
after atated) the following suma:
(s) ? wm ec~ual t.o the ground renta, if any, neat dne, pl~ the preminms thst wIIl nact beoome due and PsYsble
m pol~cies af Sre aad otLer huncd inauranae ooverina t6e mortp8~ P'i'oP~Y, Plua taxes and aeeessments
nezt due on t6e mortga8~ P~Y (all as estinusted by the Mortdagee snd of wh~ch t6e.Mortgagor is
~ notified)lees all w~ms alra~?i~r paid tbere.~~ divided by the numbes of mmtha to e,ls b~ore oae month ~
w
prior to tLe date whea aich 6~d P~~0. and aeeeesmeats ' tieoome delinquent, i
wich sums to be hdd by 1~[ortaa6eeint~roattop~yowd~+oundrenta,P~~,~e8.!adspeaalaeeeeemeate. ~
(b) T6e aggcede?te ot t~he unounta ps pureuaat to wbpsragrsph (s) aad thoeepa an tbe note eecured
he
h~eceby, ~hall be paid ia a'~a~psymant eacL menth, to be spplied ~o tbie f it~eao~s in t6e a+dae
t~ated:
(n aad otber hiwrd in~uraaoe pnmiuans;
(II) inteneet an fhe note ~ecured hereb~; aad
(IIn amartisstian d tbe p~rincipal d~aid noZe.
~ An~.deSciency in t6e unount of sucL~ga te monthl~ ~?yment tbaD, nnlees msde good by the Mort-
~ gagor pnor to the due date of the next such psy ment~ co~t~tute ~?n event of detault under thia mortgage.
~ At Mortgsgee's optioa, Mortgsgor~riU psy a"lsce ct~arge" not exoeeding four pe~ eentum (4~Jo) of sny install-
ment phenp~td mora thaa fifteen (15) da~?a ~iter the due dat~e thereof to oover tLe extra expeose involved in
~ hsndling delinquent pnymente, but such `Lte chuge" sball noti be payable out ot tha proceeda of any sale '
made to sstisiy tbe indebtedneae iecured hereby, unlees such proceed~ ae+a wfficient to diecLarge the entua
indebtedneee ~nd all proper costs and expeneea secured thereby.
3. If the total of tl~e psy~nents made by• the Mortgagor under (s) ofparagrsph 2 preceding sh~ll exceed
the smount oi ps,rments actually made b~ the Mortgsgee as tnistee for ground nnte, tsxes ~nd asaessments,
snd insurance premiums, as the caee msy be, such eacess s~iall be c,rec~ited on subsequent payments to be made
b~ ti+e Mongagor tor sucL items ar, -st Mortgagee's.option, as tn~stee, shall b~, retunded to Mortgagor. If,
" however, sueh nwnthly~psyments shall not be au~cient to pss such items ~vh~n the same sh~ll become due
aadpa -able, then the Mortgagor ahall pav to the Mortgagee, as trnstee, sny amount n to mske up
the d~iene~. Snch ps~-ment shall b~ made ~vit~hin thirt~y (30) da,vs siter wntten ~iotica
t~e Mortgagee ~
statiog tba amouut af ibe deficienay, wrhich aot~oe may be gi~eo b~ ms~1. Ii at aaj tima fbs Mortg~gar ~ll
~ 0 R ~
6Q~ ~33 1050
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