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T~S Adortga~or L~~bT co.~ea.~ub .rith t~a Morl~.~, tb.o hs is ~dereaeub~ _.e~ea o~ .~wa L?aa in ree
or sucb ot~hsr~~ it atU as ir sLsted ~at+ein; ihst 6e ~urs tn11 po~rsr:nd Lwlnl.ri~t to oon~enr f~e awme
t~?t tLe laad 3s fres from ait a~cumbro~ e~ae~ as hereia otheinnire recited; tlut sa~dMo~rtg~g~r
rrill m~?ks snch fur~her a~ra~nos~ to !~ro~e t6s atoi+~aid title to e~id land in sdd Mortg~ee ws m~?y be r~eason-
~yrequired~ .ad rbst ni~d Mortga~or doas ~rab~ full' warrano the tirle to eaid latid, and every part ther+ooi~
aad will defead Lhe same against ths l~wiul aLicos of all pe~onr ~whotr~oever.
~ovinsn ALw~TS Wst if tlie Moctg~o~r sball pu~ unto tbe Mortgag~ee t~hi?t aertr~in promiseory note~ of
wbich tb~e. tollorving is R subr4~?~ial aoP7, t~u w~iL:
* ~s5~~ Fort Pierce , ~1ori?da.
Septanber 3p ,1~ ~'S.
Fox Vwi.us Rscs~vs~, t6e unde~i~aed promise(e) to pa~ to
v~rr~ ~so~ ca~a~t
oorporstian cx~anised and ~ under tbe
lswe af the State of Florida , or order, the princapai sum of Tcn Zhousaad Five Htitndred snd No~100
~o,lya?r~ (i 10~~00.00. with interest from dste st
the rste of FYv~e and one-quarter per oe.ntum ( 5y~ P~ annu~ ~on t!~ uupRid bulance until paid.
Tbe e:?id principal aad interest ehall be paystile st the o~ce of v~~~ Mortgsge CamP~Y~
- . ?100 Bi~c~yae Boulrevard
in MieQai 3$ ~ Florids , or at auch ot~her plaoe ~e the botder msy deeoiSnste in ~vriting
ddivered ar msiled to the debtor, in monthly installm~te of FYPty Eight ~d 07,1C10--------- Dollsra
(i 58.07 camu~encing on thc first duq a~ Nov~ember , 19 65 ~ aad oontinuing an the
first ds~ of each mantL theresfter until Lhis note ia fnl~? paid, ezoept tbst, if not tioot~ar p~id, the Snal payzn~,nt
oi princapal and int,erest ahall be due ~d pay~ble on the first d,?y oi October ,19 95 •
Pxiv~'1ege ~a reeerved to prepuy at sn~ tima, without premium or fee the entire iadebt~dnees or snY P~
there~f not ]eee than the smount of one u~Lallment, or one hundred dol~ars (i100.00), ~vhichaver is leas.
If a~ny deficieney.in t~e ps~ment of aay inatallment under tbie note ie nat msde good prior to the dne date
of the nax~ such in,stallment, the ent~ire eum and aacn~ed interesti sbsll ~?t oaoe bea?me due snd ~sy-
able wit~out not~ice st the option of the lder of thia note. Fi~ilure to eiarcise this option ah~ll ~t oonstatute.
a~?aivear of fi~he right to sx+brt~ise the a~me i~ t,he event of sny eubeequent defsulb. In Lhe evenL af defsulL in the
psyment oft~s note, snd if the eame ie collected ~y an st~orney ~at Lw, the anders~gned hereby agree (s) to
Pay all ~oete of collection, including a roseonable atitorQey's fee.
~'his ~ote is aecured by mortg~_e of even date enecuted by the unders~gned on Gert~ia prap~+rty deecribed
therein and repreeente money actuaAy used ior t~he aoq~ition oi esid property or t~e improvemants thareon.
Preeentment, pro`t,est, and notice are hereby waived. ~
~ " ~s, Jsmes R. ~or~ton
James R. Thorntan ~ '
,s~ F~ails? Je~.g.~ 7~o~ton
~nily Jeannell~e Zhorntoa
~ . ' Cs~l
And ehall duly, promptly, and fully perform, discharge, eaecute,- eHect, complete, and comply with and abide
by each and every th~ stipulstions, agreements, conditions, and coven8ute ot aaid promissory note and of this
mortgage, then this mortgage and the estate herehy cxeated shall cease and be null and void. .
The Mortgagor further cave~nanta aa follow~: ' ~
1. That he will pay the indebtedness, as hereinbefore provided. Frivilege is reserved ib prepay at any time,
without premium or fee, the entire indebtedne~ or any part thereof not less thau the amount of one instaUment, or
one hundr~d dollsrs (i200.00), ~vhiehever is lesg.
2. In order rnore fully to prot~t the security of this niori~age, the ~14ort~agor., toget}ier'wit.h; and in
addit ion to, the niontkil~- pa~'riienta under tlze terrris of t,he note secured h~reb~~, on the first. da~~ o[ earh rnont}t
until the said notc is [ully- paid, will pa~- to the Martgagee, as trustee, (under the terms of this ~rust as herein-
alter stated) the following sums: , '
(a) A sum equel to the ground rent~, if any, next due, plus tbe premiuma that will next becouie due and payable
on palicies of fire and other hazsrd ineouraace covering the martgaged pmperty, plus taxes and. assessments
neat due an th~ mort,gaged property (all as estimated by the Mortgagee and of w6ieh the Mortgagor is
notiSed) less sll sume alresdy paid t,her~for divided by the number of months to e~lapee before one"month
priar to the date Rhea euch grvund rents, premiuma, taxes, and a~aseasments will become deliaquent,
such suma to be held by Mortgageein trust topsysaid ground rente, premiums, taxe$, and special assessments.
(b) The a~te of the amounts p~ abk pureuaat to aubparagraph (a) and thoee payable on'the note secured
hereby, ehall be paid in a~ng~e psyment each manth, tn be appLe~ to the following itema in the order
~ etated
(n gro~und renta, taxea, saseasment8, fire, and other hasard insurance premiums;
(II) interegt 6n the note eecured hereby; sud
(III) amortisation of the principal of said n4te.
Any de6ciency in t6e atnount of suchaggr egate monthlp payment shall, unlesa made good by the Mort-
gagor prjor to the due date oC the next such payment, constitute an event of default under tbis mortgage.
At Mortgagee's aption, Mortgagor will pay a"late charge" not exceeding four per cettt,um (4°Jo) of any install-
ment when psid more~ thsn~fifteea (15) d$ys after the due date thereof to~ cover the extra expense involved in
handling delinquent paymenta, but such "late charge" shall not be payable out of the proc;eeds of any sale
made to eatisfy the iudebtedttess secured hereby, unless such procecde are sufficient to discharge the entire
indebtedness and all proper cASts and expenses aecured thereby.
3. If the total ai the pat•~nents niacie b• tlie Mortgagor unde: (a) oF pe~ra~rapti 2 precedin~; shall exceed
t}ie amount of pa~•m^nts artually ~Tiaci~ br t~e Mortga~;ee, as t,rustee, for ground rents, taxes and assessment~,
and insurance preiniums, as the ra.ge ma~-~be, such excess shall be credit.ed on sutrsequFnt pa~n~ents to tae macie
b~ the Mortgagor for such items or, at ~tortgagee's option, as trustee, s}zall be rrfuncic~c~ to Mort~agor~. If,
however, such monthlt- payments shall not be suf~ic~ient to pa,y- such items w;~en the same shall become due
and p~? -able, then the Mortga~;or sh~ll pa~~ to the Mortgagee, as trust•ee, ai~~• amawit necessar~- to make up
the de~cienc~. Suc~h ~a~•rnent shall be made within thirt}- (30) dars after written noti~e from t~?e :1~fortgagee
eteting the amount of the deficiency, which notice may bo g'tven by m~aR . If at any time the Mortgagor ehall
- - - 1 ~oaK 1~8 ~12 . .