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To H~re A~d To HoY the same. together with aU and singular 2. That, in ader morc fupy to protect the sa~urity of this
the tenemena, hercdican~ena and appurcenarwes thercunto bebng• mongage, the Mortga~or, to~ethe~ with, and in addition to, the
ing or in anywise appenaining~ arM tt~e rcversia~ and rcvorsions, monthly paymcnts under the tenra ot the notc secured hercby, on
rcmsi~der a rcmainders. rcnts, iswes and ~u chereof: and also the first day of wch month ur~til the said nott is tuUy paid. wil!
all [hc esute. right. titk: interest, homestead. separate esace, pay to the Matg~ee thc folbwing wnu:
possestion. claim and demand whatsaerer. u welt in law as in W A sum oqual to the sround rents. if any. next due, ph~s the
oquity. of the said Mort~w in and to the sime, and every pan ~miums ttat will next beoome due utd pay~bk on policies of tue
theroot. with the appe~rten~nas oi the said Mongyor in and to a~ a~r husrd insursnoe oov~rin~ the mort~yed propenY. plus
tgagoe in t simple ~ and p~ral thercoi unto the said Mort• taxes snd assessments next due on the mortia~ed propertY (all as
cscimaced by che Mortgs~oe) kss all sunu atre~y pad the~eior
And the Mongagor heroby aovenants wich the Monaagee chac divided by the number ot months to eiapee before a~e month prior
he is indefessibly seiud of said land in fa simple: that tx i~as fuil to the date winn such ground rcnts, pr+emitttas, wces, and
power ~Snd Iawful right to amvey the same in ta simpk u asses.unents wiU beoome deWpuent. such sums to be held by Mort•
aforesajd: chat it shall be taw[ul for the Mongs~oe, at all times ga~e in trust to p~y sxid ground rents. premiums. ta~ces. and
peaoeaply and quietly to enter upon. hold, axapY. ~~WY ~d special as~ments; and
land, ai~d every part cheroof: ehat the land is and will rcmairt tra dl AU p~yments mentioned in the subsoction of this
fran all encumbrsnoes~; that ssid Mortasgor will malce such further
assuranas to prove the fa simpk citk co said I~nd in said Morc- to be rrt~de under the note secured
BaBa as may b~ reasonably roquirod. and that said Mort~ does ~rcby shaU be s~ided ta~ether and the a~te atnount theroof
hercby fulty war~rant the titk to said Iand, and everyr p~rt thcroof. S~ ~ P~ by the Mortga~ot each month in a singk payment to
and vrill detend ths same against the Iawiul claims of all pasor~s ~ lOP~~ by the Mort~ee to the tolbwing iten~s in the arder set
whomsoever. i~:
ttl ground rents, tazes, asseuments, fin and other huard in-
Prorided aJways, and tM~e prtsenu aro exxutod and delivered
~ upon the folbwing conditions. to wit: tii! interost on the ~wte secured hatiby:
liiD amorti~tion of the p~nc.ipa! of said rwte;
Ilr) I~te chargcs
~ M~S~EYEN
Y~TNOtJ~AND SIXTY FIVE
AIVD IYO%100 Any deY~ciency in the amount ot such a~ro6ate monthty payment
sum M
st~all. unless made ~ood by the Matsa~or pnot W the due date of
~---~-l----'~~- t!x next such payrnent, oocutitute an event ddefsuh under this
---------------------Dollars !S 70,065.00 1. The Mortg,~~ae may oolbct a"yte ct~r~e^ na to exooat
tour ants 14t) for ach do0ar (S11 ot ach payment more than fif-
ac evidenced by a noce of even date ha+ewith, with interest from ~II ~~5) ~n ~ i~rs to oover the expense invdved in I~sndiing
date ac the rate of TEN AMD ONE-HAlF ~t`"Q~"~ p'~"~'
per antum 1 10. 5 96), per snnum on the unpaid 3' ~ by t!n MatB,agpt
under (a) of paraEnph 2 pt~eoedin~ sh=q exoood the smount at
balana until pvid. The said principal and intercst shaU be payabk ~w~y ~ by ~ Mortga,ee for around renis, taxes
at ehe offiia of A111df102 Mb~`LgdgL Cqlp~'ty and asse~nents and insuranoe prcmiuiaa. as the case roay be. such
4500 Salisbt'ry Road, Jadcsonville, Flarida 3?'116 exoess, if che wan is currau, ac che option d che Mon~or, shsu .
or at such other ptaa as the holder of the note may designate in ~~t~ ~~~4~t paymatts to be rosde by the Mortgagor,
writing. in manthly installmen[s ofSIX F~IDRED FORTY AhD °f ~funded to the Maty~or. if, however, ttre roonthly p~yments
maae by ehe Morcg,9gor under (a) vf paragrapt~ 2 preoedinE shau
91 /00--- noe be suff~ciene co PvY 8~~ ~ts, wus and ~nents and in-
~~Doltars l5640.91 1. wrancae prcmiums, ~s the.case may be, wha~ tbe saa~e shall .
oommencing on the Crst daY ~ July . 19 87 . beoome due and paysbie, t!~ the Mott~or shaU pay to the
and on the fint day of each month thereafter until the ~ Ma~~ ~Y ~n~ t~ary to taake up the deficieney, on or
beforc the date ahrn paYment M st~ch p~o~nd t~ts, taxes,
i 1 and interest arc lull °t a~. U at any time the
princ pa y paid, exapt that the final payment M~~~ ~~~r to the Martg~ae, in aooordanoe with the
ot principal and interest, if rwt sooner paid. shall be due and provi~ions of the note secured hereby~ tull p~}rment of ti~e entire
Rarabk on che tirsc aay ot June, 2017 indebtedness rcpresented thereby, the Mortga~ee shaU. in aam-
pueir~ che amouac of s~,ch ir~debtodnas, crodie w che acoounc of
And shatl duly. promPtty. and fulty perform. dischu~,e. exxute. ef che Mortpgor any bolanoe ~+emainins in tbe fur~ds aa;umulated
fect. oom te. and oom under the prov~ ot la) ot said puagaph 2. If ttiere sball be a
pk piy with and abide by esch snd ~very the dcfault under any d tht prcsvisions of tha mortgage nxulting in a
stipulatior~s. agroements, oor~ditions. ar~d covenants o[ said promis• public sak of the premises oovered hereby. or d the Mo~ee ac-
sory note and of this mortgage, then th~ mortgabe and the estatc quires the property otherwise dter detauh, the Mortga~ee ahall
hereby created shatl aase and be nuq and void. spp~Y. at the time ot the aammenoement of such pro~ocedings, or at
. the sarrwe time the property is othervr~e acquirod, the b~latwe then
Aad the Mort~or t~ti~er coresasts as [aqows: rcmaini~g in the tw~dc aocumulatod under (a1 of paragraph 2
prweding as a credit against the a,n~ount oi princip~l ttkn remain-
ing unpaid under said note.
l. That tu will pay [he indebtedness as ixreinbefore ~ T~t he wilt pay all tanes, assessments, water ntes, and
provided. other ~ovemmenutl or municipsl char~es, fines. or imp~ositioru, for
Privikge is reservod to poy the debt. in whok or in part. on any which provision has not been made hatiinbetae, and in detault
instaUmenc due dace. chereof the Mortga~re rtwY P~Y and ttu~t he will prompt•
ly deGver the official reaipts therefa to the Mortgs~oe.
Paqe 7 of 4
. ~ so~ 5~~2 ~ 95~
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