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- lr Cit~ STUART, Florida,
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. ~ . - - - 19~ _
FOR VALUE RECEIVEDt the~unde~si ned 'ointly and severally, PQOM~ISE TO PAY to t order of______~ ~
Ti~~\ I~Ey..~~ BA1~IK Jer.sen ~ach~_.~_lor~~~.,-------------•-------------------------- -
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ien 'I`hc~:s~.nd~ 1"our ~undi~e~- and~ no~'SJt~----------------------_--_----_----_--DOllARS,
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: _____~T~21__~21.;~~~h_.$c~,~ JeY1~~2~~~1_>-_F~.9xl~.a.. .__.____or such other place as the holde~ ~ `
!~ereo# may designate in writing, together with interest from c~ate at the rate of per centum per annum on ihe ~ ~
• ~ ~r,pai8 balance until maturity. The said principal and interest shall be due a~d payable a,S fO110WS: ~
~:l'~6, i~• rr.onth, tne first payment being due one mcntn from date, and continue ~
~w~n mor_'t:~ t'r,erea.fter until paid. TniS sam' of Y126.19 each month shall first
. ca crzai~e~ to interest and the rema:nder to the principal of this obligation. ~
~i:i~s note will be completely pa.id with 120 monthly pa.yments of $126.19 unless ~
soor.er przu3id. This note may be prepa.id at any time without penalty. ~ i
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tf Cefautt bt msd~ fo~ ~O d~n in tM pav~t o1 anY instal'unent o( W~~uMt a int~r~~t a anv Wr? ~At~~of. tM whot~ ium thtn ~ema:n~~p
~.a:d w.M ~rter~it ?naU Ao~der a oOtion b~cdM dW ~nd p~Y~bb w~thovl not~c~. F~~I.ora to •urut~ sutA eO~Wn ~hall not c WN • wa~~a of r~~ r:yht
~ e.ar::e t-e ta.~*v ~n rM ev~nt of wbqa+~^r d~fwU. Afrt~ m~rw~ry DoM priocip~t ~nd ~tuwd inhrM sMtl b~p intN~st at p~t_ ctnr.un p~r annwn
tr.• maurs +~d axso~~en of tl+~s no~~ iw~l+N w~w d~m+nd. ~otK~ of r.on-WYmt~~ +ed M~esr. If ~h~~ nor~ is ~t p~:d ~t marur~ry ind fl+~ um~ i~
! _(,;e~ w:rA an anarKy fw coll~chq+, fM makr~ ~nd ~ndw~~ Mr~of ~9~N ~ Yay ~ll co+ts of mll~ct~on. includnp all cow~ can u~d r~aion~bb anwney (~p.
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and shall duly, promptly and fully pertorm, discharge, execute, effect, complete, comply wtth and abide by each
and everv the stipulations, agreements, cond~tions and covenants of said prom~ssory note and of this mortgage, s
then this mortgage and the estate hereby created sha11 cease and be null and ~~oid. '
It i, underatood that each of the words, "note," "mortgagor" and "mortgagee' respectively and the pron- ;
ouns referring thereto, whether in the singular or plural anyv~here in thia mortgage, ahall be singuiar ff one only
' and ~hall be plural jointly and severally, it more than one, and shall bc ma.sculine, feminine and/or neuter. wher-
e~•er the context ao implies or admits.
And sald Mortgagor for himself and his heirs, legel representatives, succ~v9ors and assigns, hereby eoven-
ants ana agrees to and wzth said Mortgagee, his legal reptesentatives, successors and essigns:
j 1. To pay all and singultu the principal and intereat and the various and sundry sums of money payable by
k vlrtue ot eaid promissory note, aad this mortgage, esch and every, prompUy on the day~ respectively the same
~ ae~erally become dua s
~ 2. To pay all and aingular the taxe~, ~sessments, levie9, liabil~tie9, obliRations and incumbrancea of pvery s.`
nature snd kind now on said deacnbed property, and; or that hereafter may be imposed, au[fered, placed, levied 3
` or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or Lhe indebted-
f ness secured hereby, each and e~ery, v~hen due and payable accoMing to law, Defore they become delinquent,
and before any interest attaches or any penalty is incurred; and in so far aa any thereot is ot record the same
~ shall be ptvmptly satisfied and discharged ot record and the onRinal official document (~uch as, for instance, :
;he tax receipt or the satisfaction pa~?er ofticiaUy en~iorsed or certit~ed? shatl be placed 1n the hands of said ~
~ ~tortgagee w~thin ten days neat after payment; and in the event that any thereof is not so paid, satisfied and :
4 discharged, said 1?tortgagee may at any time pay the san~e or any part thereo[ ~iihout wai~ing or affecting _
~ any optibn, lien, equity or right under or b}• ~•~rtuP o[ this mortgage, and the full amount of each and every
~ such payment shall be immediately due and payable and shaU bear interest (rom the date thereof until paid
~ at the rate ot ten per centurn per annum and together v?nth such interest shall be secured by the lien of thi~
~ mortgage.
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3. To place and continuously keep on the bu,ldin~s now or hereaiter aftuate on said land tire and windstorm
~ insurance in the u.~ual sLandard policy form, in a 4um not less than =.10~ ~Q In such com- _
~ pany or comp: ~ies as may be appro~~ed by sa~~l 11ort~a~~~e: :~mi all such insurance policies on any ot sr~id build-
~ ings, any intere9t therein nr part thereof, in the a~cre~;ate sum a(ore~aid or in excess thereof, shall contain ths
~ usual standard mort~agee clause makinR the I~~~s ur.d~r sa~~ policies, ea~h and every, payable to said I?tortga-
~ gee as his interest may appear, and each ar.d e~~e:~~ sw~h pnl~cy shall be promptly deli~•ered to and held by said
~ 1ltortgagee; and, not less than ten davs in ad~•an~e o! the Pxpiration of each policy, to deliver to w?id btortRaRee
~ a renewa] thereof. toRether v?iih a receipi f~r thp prrm;um nt an~h rFnewal; and there ahalt bc no such insur-
< ance placed on any ot ~?id buildinRs, any interest therein or part thereof, unless in the form and w~ith iht loss ;
w pa~•able as aforesaid: and in the e~•~nt any sum of money becomes payable under such poUcy or policies said i
MoriRa~ee shall ha~~e the opti~~n to recei~•e and apply the same on account ot the indebtednes~ secured hereby or
to permit said MortRagor to recei~•e and ase it or any part thereof tor other pur~wses without thereby waiving -
# or impalring an} equity, lien or riRht under or by virtue ot this mortgage: and in the event said Mortgagor shall
for any rPnson fnil to keep the said PiCiIli9CS s~ insurcd, or fail to deliver prompUy any of said policies of
- insurance to sa~d ~inrtgaRce, or tail prompU~ to pa~ f::lly any premium theretor, or in any respect tail to per-
~ form. dischar~e, execute, effect, complete, comply w-ith and abide by thia co~enant, or any part hereof, aaid 1ltortg-
- aReP may place and pay for si~ch insurance or any part thereo[ without v?ai~ing or atfeeting any option, lien,
_ equity or right under or by ~•irtue uf this mort~age, and the full amount of each and every auch payment shall
be immedialely due and pa}•able and shaU bear intPrest irom the date thercof unttl paid at the rate of ten per
- centum per annum and together with such interest ahall be eecurcd by the lien of this mortga(;e.
' 4. To permit, commft or n~tfer no ~aste, ~mpairment or deteriocation of said property or any part thereof. ~
6. To pay all and aingular the co~ta, chary;es and expenses, [ncluding resaonable lav~yer'e feea and ca+t of
abstracts of title, fncurred or pald at any tlme by aaid Mortgngee becsuse and/or in the event of the taflure
on the part o[ the said Mortgagor to dulv, promptly and Nlly perfortn, diecharge, execute, effect. complete.
k~ comply with and abide by each and every the sUpulations, egreements, conditlons and covenanta of said promis-
;Y aory note, and this mortgage. any or efther, nnd sald costa, charges and e~cpensea, each and every, ahall be !m-
mediatdy due and payable, whether or not there be nottce, demand, attr.mpt to collect or ault pending: and the
x'= full amount ot each and every nuch pavment shall bear interest from the date thereof unt11 pald at the rate o!
~ ten per centum per annum: and all safd coate, chnrges snd expenaes eo Incurred or paid, together with such in-
terest, ~hW be ucured by the Ifen of thfs mortgage.
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% eooK 191 699
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