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ST. LUCIE COUNTY. FLA.
Provided Alway:, ti~.t x r.id Merlq.4.r rw pay ~ +~» ••~+ ~+~» tlwi. «~~^
pron,inory ^ot. vi whidi th. fo~owtrq M word. end fie~r.e Is . tw. d..aiplioa, i. wilt
Seven notes of even data herewith in the principal mount of
$95,000.00, payable $5,000.00 an or before yae yeah ItfEer date
and $15,000.00 on or before 2, 3, 4, 5, 6, and 7 yeas after
date, respectively, with interest at the rate of S~ per cent
per annum, payable annually, said notes executed by Mortgagors
herein and payable to order of Mortgagees.
and shall perform, comply with and abide by each and every the stipulation. aq-eeneerefs, wnditiores and
covenants of said promissory note and of this deed, then this deed •nd the estate heroby crested :hall cease
end be nup end void.
And ~+e• said Mortgagor hereby covenants end agrees:
I. To pay ell and singular the principal and interest and other sums of money payable by virtue of said
promissory note and this deed, or either, promptly on the days respectively the same severally Dome due.
2. To pay aN •nd singular the taxes, assessments, levies, liabilities, obligstion and sncumbrences of every
nature on said described property each end every, and if the same be not pranptly paid the seed Mortgagee
may at any time pay the same without waiving or affsding the option •. '~-eclose or any right hereunder, and
every payment so made shall beer interest from the date thereof st the r.. ~ per unt per annum.
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3. To psy all and singular the costs, charges end expenses, including lawyer's fees, reasonably incurred or
paid at any time by said Mortgagee because of the feiluro on the pert of the said Mortgagor to perform,
comply wine and abide by each and every the stipulations, agreements, conditions and oovenents of said
prarr:i«osy rcts ared tieis da!+4. or eiiner, enc o.err f::+.:, ~.o'~,••=rt s.4.ae~ bear interost from date at the rate
0 5~ per cent per annum.
4. To keep the building now or hereafter on said land inwred in a sum not fees than the emouret of this
mortgage debt, in a company or companies to be approved by said Mortgagee, and the polity or poliues
held by and payable to said Mortgagee, end in the event any sum of money becomes payable under such
policy or poliue:, the Mortgagee shall have the option to receive and apply the same on sccount of the
indebtedness hsroby second or to permit the Mortgagor to rocsive and use it, or any part thereof, for other
purposes, without thereby wsiving or impsiring any equity lien or right under or by virtue of this mortgage, end
may place and pay for wch inwrance or any part thereof without waiving a affecting the option to forecb:e
or any right hereunder, and each and every such paymsret shall beer iretsrest from date et the rate of ~~r
cent per annum.
5. To permit, commit or wffer no waste, impairment or deterioration of :aid property or any part thereof.
t~ di tans. ayreemerrhs, condition and
b. To perform, comply with and abide by each and every p~+
covenaee#s in said promissory note and in this deed set forth.