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The Mortgag~or hereby oovenants rvith the Mortg~g~e~y t6ot he is indefeaaiblp eeiaed of said lsnd in fee
eimple ar euch other estste~ ~t sny aa is ststed herein; tLst he hae full power and laxful right ta oanvev tho e~me
~e atoreeaid; ths6 the laad ~s iree ~rom all encumbr~noes except aa Lerein ot,ber.viee recited; t,hi?t eaid74tortg~tg~or
will make such further aesnr~nee~ to prove tbe afore~u?id title to s~id l~nd in s~id Mortgagee aa may be reseon-
ablyt~q uired, snd t.hat se?id Mortg~?gor does hereby fully w~?rrant the titte to aaid lsnd~ aud every psrt thereot~
snd ~vil! defend the eame againat the l~~vful claima of all pereons whomaoever.
Pxoviu~n A~.w~~rs thst if the Mortgag~or e~hall puy wnto tbe Mortg~g~ee t6ati oeet,~in promieaory note, of
~vhich Lhe Lullovring is s eubet~nt~u?l oop~, to ~vit:
~ Fort Pierce , Florid~.
,19 6 .
September ~0 5
FOR VALU~ KECLYVLD~ the undergigned promiee(a) to p~y to
vat~GU~n rio~r~ ca~arnt
, s oorporatioa ar6anised sad earieting under the
la~we of the State of Flox''ida , or order, the principal sum of ~~p~~d Five HUndred and No~I00
(t l0,500.00 ~ith ~nc~re~c f~om ae?t~ ~t
tbe rate of FYve and one-quax'ter per centum °J'o) per aanum on the unpaid balance until paid.
The said principal and interest ahall be payatile at tha o~ce of Y8rlgu~xd Mox''tgage Cunpany~
7140 Bisceyne Boulevard
in Mimtni 3s ~ Floryda , or at such att?er pl~?oe aa the 6older may deeignate in writing
delivered or msiled to ~he debtor, in monthly installmente af Fifty Eight and 07~100------___ Dollare
5~.07 commencing on the first day of November , 19 65 , aad oontinuing on the ~
6~t dsy of each month thereafter until thia note is fully paid, ezcept t~st, if not sooner paid, the finsl payment ~ ~y
of princapal and intereat shall be due aud paysble on the firat day of i~ptember , 19~5 . ~4
Privil'ege ~s reserved to prepay at sn~ time, without premium or fee the entire indebt~edneea or anp part ~
thereof not lees than tLe amnunt of one inatallment, or one hundred dol~ars (s100.00), whichever ia lese.
If sny deficiency 3n t~e p~vment of any i~nstsllment under thig note is not made good prior to the due dats
of the next such inst~llmenG, t~e entare prinatpal sum and accrued intereat ahall at once become due snd ~ay-
able without notice st the option of the holder of thia note. Failure to exercise thia nption ahall not oonat,itute
a weiver of the right to eaerc,~se the same in the event of sny subesquenC defsult. In the event of default in the
ps,yrtsent of th~s note, and if the esme ia collected'by an sttorney at lsw, the nndaraigned hereby agree(e) to
pay all ooats of collection, including s resaonable attorney's fee.
This note ia eecured bq mortgage of even date executed by the underRigned on cert~sia praperty deecribed
therein and represents monep actuelly used for the acquisition of eaid pmparty or t~e impmvetnente Lhereon.
Preeentment, pro~est, and notice are her~by wt?ived.
~ ~s~ James R. Thoraton
James R. ~horn~Gon '
[s~?L]
~s~ _F~ilv Jeaun~ 7~ornton [s~.~
~ily J~annelle Thornton
_ ' ~ [sEnL]
And shall duly, pmmptly, and fully perform, discharge, execute,~ ePfect, complete, and comply with and abide
by each and every the stipulations, agreements, conditions, and cove~ts of said promissory note and of this
mortgage, then this mortgage and the estate hereby created ahall c~e,ase and be null and void. .
'The Mortgagor further covenants as follows: '
1. That he will pay the indebtednesa, as hereinbefore provided. Privilege is reserved to prepay at any time,
without premium or fee, the entire indebtedness or any part Lhereof not lesa than the amount of one installment, or
one hundred dollaa~s (;200.00), whichever i~ less.
2. In order ?nore fullv tu prote~t tht~ s~~curit~• of this mortga~;c~, tl?e 11ortKa~or, togethc~r "with; and in
aclciition io, thc• nionthl~- pa~-n~ents under th~ ter~ns of the notc• sec~ured herel~}-, on the fit~t da~- ~f earh montli
until tlte said note is fu71~~ p~icl, will pa~- to the tilort~a~ee, r~s trustee, (uncier tli~ ternts of this trust tis herein-
tiftc~r ~taled) the follow•i~ig aun?s: . ~
(8) A sum equal ta the ground renta, if any, next due, plus the premiums that wiil next become due and payahle
on policiee of fire and other hazard insuiance covering the mortgaged property, plus taxes and, assessments
next due on th~ mortga{~ed praperty (all a8 estimated by the Mortgagee and of w6ich the Mortgagor is
~o~ified) less all sume alreadp paid therefor divided by the number of months to elapse before one ~month
prior Lo tbe date when such ground renta, premiums, taxes, snd assessments will become delinquent,
such sume to be held by Mortgagee in trust to pay said gmund rents, premiums, taue~, and special ~qments.
(b) The aggregate of the amounGs payable pursuaut to subparagraph (a) and those payable on the note ~ecured
hereby, ahall be paid in a e~ngle payment esch month, ta be applied to the following items in the order
state~ci :
~ (I) gmuad renta, tazes, assessmenta, fire, aud other hazard insur~nce premiuma;
(II) interest on the note secured hereby; snd
(III) amortiaation of the principal of said note.
Any deficiency in the amount of sucha~r
egat.e manthly pa~~ment shall, unleas made good by the 14~fort-
~s~or prjor to the due date of the ne:~t such psyment, const~tute an event of default under this mortga~;e.
At Mortgagee'a option, ~Iortgagor will pa~~ a"late charge" not excee~ding four per centum (4~JQ) of any i~stat~-
ment wlien paid more than fifteen (15) days aftar the due date theseof to" cover the extra expense involved in
handling delinquent ~ayments, but such "late charge" shall not be payable out of the proceeds of any sale
made to satisfy the ~ndebtedness secured hereby, unless such proceeds are auflicient to discharge the ent.ire
indebt~dness and all proper costs and expenses secured thereby.
:3. If ttie total ot the pa~~?uE~nts i~?acl~ b~• the 4tortg~or utuler (aj c~( par~,;rupli 2 prnc~cdin~ shall exceed
t}ie antc~unt of pa~'?itents actuflll~• niaiic~ b~• khe'~4ort~agee, as truster, for ~rauncl rnnts, taxes and assessrnents,
and insurancc~ pre~niunis, a.~ ttic~ c~ati~ nYa~•~be, auch c~x~c~ss shail bc~ credit~~t on sut~sec~uent pati•ment~~ to be rnadc~
b~- the :~iortga~;or tor surh ite~i~q or, at ltort.ga,~ee's option, tis trustee, shall tx~ r~~fu~zde~i to ~1orLge~or. If,
how~ver, sueh monthlti• pa~-n?ents sha11 not t~e suffic~ient to pa~' sueh 1Ll'1115 w~IlPn the same sh~ll }~rcome clue
and pa •able, ttien ttie ~'Iortga~or s}iall pay to the vtort~a.~ee, as triistfc~, arr~~ an~~unt necessar~- to make up
t}~e cle~~cienc}•. ~uc~1? pa~-m~nt ahall be macie w-if}tir~ t}?irt}- (30) da~~s aftt~r ~-TitLe~i notice fro~ti t}ie ~tortgagee
atating the amount of the defici~~,,~v notir,e m~ given by mail. If af any time the ~iortga~or shall
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