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- STUART, Florida. --.r„~i ~x~- - 19.7Q. _
FOR VALUE RE e" 'o' a d severa , PR MI TO P Y to the orde~ of_____ _ .
~ ~snsen ~ea~cgi, ~lori _
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~~~~~~~~~YQ~ ii~O~~Mi Ril~l ~O~~rsr~.~.~..~~~~~~~~wr.r~.~~~.~~~~~~~.~~~~~
- - - - - - - - - - - LLARS, :
at _ ~eLBeII ~l~Ch ~el]$8~1 ~~i ~'T02'~t~j . or such other place as the hoider
hereof may designate in writing, together w+th interest from date at the rate of 8•i~___. per centum per annum on the
unpaid balance until maturity. The said principal and interest shall be due an~ payable ~ ~OuOiWa:
$136.99 a month, the first p~yment beinq due one month from date, and continwe
; each month tl~areafter until ptid. Thie a~n of ~196.39 each month shs,11 firet be
credited to interest and the remainder to tl~e principel of t~his obligation. This note
_ ~e~1 be comp~ete~r ~~a witn i2o moath~y ~?mente ac ~196.39 unlesa eoo~r~er prepaSd.
~ Th~sc note m~ be prepe,id at ar~r time without penal.ty.
:
If def~utt be mad~ fw `~0 d~ys in tM paymen! of any inat~ilm~nt of prlnc~p~l w int~nu or sny parr ~F,ereof, rh~ whol~ sum then rerra~~~nq `
~npa~d w~rh ~~~errs~ ahall ~f holder'a op~ion becoma d~e ~nd P,r•ble witheul no~iu. Faitur• ~o e¦~ruse f~ch oprion shall no~ pr~ ~ty4 • wa+ver of ihe r;ghr ~
~o uerose the sa~,x ~n the eve+et o( subseqxnt default. Afrer marurfty both qinc;pal ~nd accrwd inHrqf ahail bear inrerest at~_i(~+per cenrum per annum
_ n~~~ pa~d. The me:t+s snd tndariers of tl~is note iurther wa~w demand, notic~ of non-paymem and protett. If ~his nors is no~ psid N maturity i~ fM same is
• ulaced wi~h an •rtwn~y fa colNchon. ~h~ makas and andorie.s Mreoi ~prN ip Pay aN coses of coN~ctioe, includn9 all coun co~rs and roasonable e~twney fess.
i
" (SEAL)
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. `~O-ber~ F~iduBno _ _
. -
• - - - - (SEAL)
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(SEAL)
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and shall duly, promptly and fully pertorm, d~scharge, execute, effert, completP, comply w~th and abide by eech
and e~~erv the stipulations, agreements, cond?tions and covenants of stid prom~saory note and of thi~ mortgage,
then this mortgage and the estate hereby created shsll cease and be null ana ti•oid.
It is understood that each of the «•ords, "note." "mortgagor ' and "mottgagee" respectively and the pron-
ouna rnferting thereto, whether in the singular or plural anywhere in this mortgage, ahall be singular ft one only
and shall be pluml jointly and severally, if mure than one, and shatl be masculine, feminine and; or neuter, whet-
e~~ec the context ao implies or admits.
Md saId Mortgagor tur himself and his heirs, legal representatices, successors and a~sign~. hereby coven-
anL~ ana agrees to and with said I?~ortgagee, his legal represeniatives, successors and assigns:
1. To pay all end aingular the principal and intereat and the varioua and sundry 9ums o[ money payable by
virtue o[ said promissory note, and thi~ mortgage, each and every, prompUy on Lhe daya respectively the same
~everally become due.
2. To Fay all and ~ingular the txxes, assessments, levies, liabilities, ob!i~ations and lncumbrances of every
nature and kind now on said described property, and ~or that herea[ter may be impoaed, eutfered, placed, teti~ed
or assessed thereapon, andior ihat hernafter may be levied or ass~•ssed upon this mortgage and%or the indebted-
ness secured hereby, each and every, w•hen due and payable accoMing to law, betore they become delinquent,
and before any interest attaches or any pennlty is incurred; and in so far as any thereaf is ot record the same
shall be ptvmptly satisfied and discharged ot record and the onRinal otficial document (such a~, tor instance.
ihe tax receipt or the satistaction paper officially endorsed or ceRif~ed ~ shalt be placed in the hands ot said -
:?torigagee u~thin ten days next after payment; and in the event that any thereof is not so paid, satisfied and
discharged, said 1?iortga~ee may at any time pay the san?e or any part tnere~t v~-ithQUt wai~ing or affecting
any opti~n, lien, equity or right under or b}• ~-~rtuP of thi, morigage, and the full amount ot each and every
such payment shall be immediately due and payabie and shall bear interest trom the date thereof until paid
at the ra[e of ten per centurn per annum and t~~~eth~r~zth such interest sha11 be secured by the lien ot thia
mortgage.
3. To place and contenuously kerp on the bu~idin~s now or hereafter aftuate on said land fire and winds*.^rm
insurance in the usual standard policy form, in a ~um n~t less thaa E.. MaXlYritliri
. - in such com-
pany or eomp^nirs as may be apprn~•ed b~ c~:~l l?lort~a~~~e: and nll such insurnnce policies on any of said build-
ings, any interest therein or part thereof, in the a~~r~~#;ate sum aforPSaid or in excess thereoi, shall contain the
usual standard mart~agee clause mak~n~ the l~~.s ur.d~r said poliries, each and e~ery, payable to said htortgar
gee as his interesY may appear, and each ar.ll P\'P:}• su~~h ~Gcy shall be promptly deli~•ered to and held by said
11lortgagee; and, not less than ten days in ad~•an~e of the expirs?tion of each policy, to deliver to said hiortRagee
e renewa) thereof, toRether with a rece~pt f~r the prpmium ~f a~~~h r~newal: and there shall be no such insur-
ance placed on any o( said buildinRs, any lnterest therein or part thercot, unles9 in the form and with the toss
payabie as s[oresaid: and in the erPnt any sum ot money becomes payebte ~nder such pollcy or policies said
Mori~aRee shall ha~•e the oplion to recei~•e and n~ply the same on account ot the indebtednea~ secured hereby or
to ~wrmit aaid MortRa~or to recei~~P and u~e it or any ps+rt thereof for other pur~osea without thereby waiving
or impairing an}~ equity. lien or ri~ht under or by virtue of this mortgage; and in the e~'ent said Mortgagor shall
for any reaso7 tail to kepp the sa~d prenu9~s so 3nsumd, or fail to delf~er prompUy anv of said policies ot
insurance to said dtortRaRee, or fail prompUv to pa~~ lully any premium theretor, or in any respect tail to per-
form. dischar~e, execute. effect, complete, comply ~~~th and abide bv this cnvenant, or any part hereof, aaid I?i~rtg-
ngea may plare anA pa~ for such insurance or My part thereof withoui k•aeving or a[fecting any option, lirn,
equ~ty or r.ght under or b~ ~•irtue of this mortQage, an~l tht~ full aqiotmt of each and every such payment shall
be immediately due and pa}•able and shall bear intPrest from the date thereof unUl paid at the rate of ten per
centum per annum xnd togeiher with auch interest ~hall be aecured by the lien of thia mortgage.
4. To permft, commit or svtfer no w•aste, impairment or deterioration of sald property or any part thereof.
6. To pay nit and atn~vlar the co~ts, charge~ and expenses, fncluding reasonable lawyer'e fees and coet of
aLairacta ot ;itle, tncuned or paid at any time by said 1?tortgagee becauae an3~or !n the event of the faflure
on the part ot the said Mortgagor to duty, promptly and futly perform, dtacharge, execute, effect, complete.
comply w~ith and sDide by each and every the ~tlpulatlona, agreemenW, condiUons and covenants ot eaid promis-
sory-note, and thi~ tnoKRage, sny or elther, and 9AId costs, chsrgee and e~[peneea, each and every, ahatl be !m-
mediately due and payable, whether or not there be not~ce, demend, attempt to cotlect or ault pending; and the
!ull amount of each and every auch pay'ment a`~aZl bear interest trom the date thereot unW patd at the rate ot
ten per centum per annum: and all said coste, charges snd eapenser ~o tncure+ed or paid, together wlth sucb in-
terest, ihall be secured by the lfen o! Ws mortgage.
800K ti~E ~
¢ .3, : ~ ~
~ _ ~ ~