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CHATTEL MORTGAGE
-WILLIAM He Q'DOWD. JE," a ain~le man
, the Mortgagor(s), in considera-
tion ot the prinoipal sum specitied in the promissory note, a
oontormed copy or Wh10h 18 ,ttaohed hereto as Exhib1t A and
made a part hereot, rece1vod trom GENERAL DEVELOPMENT INVESTORS
PLANS, INCa, a F~orlda corporation, the Mortgagee, hereby on
. this 2nd dE&Y of MA..,..c.l;;). , 19~, mortgage (s) to
the Mortgagee the perlonal property described on Exh1bit 3
attached hereto and made a part hereof as security tor the
par-ment ot Buoh promissory note and agree(s):
1. To make. all payment:; required by the attached note
and thi. mortgage promptly when due.
2. To keep that property wherA it 1s now located, unless
written permiss10n 1s given by the Mortgagee to move 1t to
another plaoe.
3. To pay all taxes, assessments, liens, and encumbrances
on that property promptly when duea It they are not promptly
paid the Mortgagee may pay them without waiving the option to
toreolose, and suoh payments, with interest thereon from the
date ot pa1Ment ~t the rate ot 6% per annum, shall also be
seoured by this mortgage.
4. To keep that property insured aga1nst damage by fire
and 11~tning 1n the BUM secured by this mo~tgage, by an insuror
aatistaotor, to the Mortgagee, the insurance policy to be held
bl and palable to Mortgage~. It the Mortgagor(s) shall not do
so, the ~rtgagee mA7 do so without waiving the option to fore-
olose, and the cost thereot, with lnterest thereon trom the
dat. ot paJDlent a~ the rate ot 6tf, per annum shall alao be
aeoured br thla mortgage. It any s~ b6co~es parable under suoh
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