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Tbs iNoct~~os 6ee~eb~ oo~eaa,u witb t6~ Mort~a~e~ '~6st 6~ is iadetea.ib~j ~eised ot nid l~ad ia i+es
~p~! Or tYC~ Ot~ 8<<i Y 1~ N~t~ b!['M!1 ~ t~haL !w 6as ~uU pon~c ~ad i~wiul riih~ b oon~e~ tbe ~s
as Joreaid ~ t~ut tLs lsn1~ iras fro~n aU ~umbraa~oe~ ~zoepi « 6et+sia atherwi~s rscited; th~t~ aid~ort~oe
wiU make sucL furt6ec wuranoes to pe~o~e tbs Jo~e~id titl~ to ~d taad io ~d Mo~t~es M my bs ne~wn-
e~quired~ aad tbst~ ~aid Mort~oc does hee+sb~ i w~rno4 tbe titls to aid lapd. ~od e~er~ par0 ~t~
~wiU detend t~l~e s~ms a~ains~ tbe 4wtu1 daims ot~ peraon whomwe~er.
PROrIDtD ALwsTS thst ii t~he Mo~tga~or a6a11 py unt~o ths Mostg~es t,hat oertaia promirory aote. oi
whic4 tbe folbwiag is a~sub~tanw~l aoPJ~ to wiL:
= 28,700.00 Fort P~.erce , F1o~ida.
April 27 ~ 19 72 .
Fas V~~.os Rscsivsn. the unde~si~ed Pe+omise(s) to pa7 to .
J. T. STF~IART MOI~TC'~AGE CO~~Al~'Y , INC .
~ s oorporatioa or~ai~ed aad e~ostin~ under t6e -
laws ot State of Florida , oc ordcr, the principal eum of ~Y T~~
HUNDRED AND NO/100---------------------Dolla~s 28, 700.00 with intet~ fe+om date at
the r:?te af seve.z per oeatum ( 7%) Per uanum oa the unpaid bslewce until paid.
T6e eaid principal and interest shall be psysble s! the o8'ioe of J. T. STffirtART MORTC',AGS COMPANX , It1C .
Suite 300 - 100 Miracle Mi.le -
ia Coral Gables, Florida , or st such other plaae as the 6dder may deai~nste in writing
delivee+ed or mailed to the debtor, in monthly installme~nta ot ~e ~:undred Ni.nety One and 14/10~~
(i I91.14 ~~~6 ~ ~e ~ ~Y ~ ~e , 19 7~and ooatinuing oa the
Srst dsy of each month thereafter until thia note ia fiiliy paid~ ezoept that, if not eooner paid, the final yment
of principal snd mtsrest ehaU be due and payable on the ~rst dsy of MaY " ~ 2~~2,
pri ~s reeerved to prepay st s~~ time, wit6out premium or fee the entu~e indebtednees or sqy psr6 ~
thereoi n~otlees than the amount of one inatallment, or one hundred dol~ars (i100.00), ~vhicLever is lesa.
If any deficwncy in the payment of aap inatallment under t~Lia note ia not mede good prior to the due date
of the ne~ such inatallment, the entire principal sum and accrued interest ahall at once beoome due and ~sy-
able without notrice st the option oi the holder of this note. Failure to eaerciae this option aLall not oonatttute
a wsiver of the right to ezercise the asme in the event of sny aubeequent defaul~ In the event of defsult in the
psyment of this note, and if the eame is oollected by an sttorney st Lw, the undersigned hereby agree(s) to
psy all oosts of oollection, including a resaonsble sttoraey's fee.
This note is eecured by mortgage of even dats executed by the undersigned on certain property deecribed
therein and represents money actually used ior the ac:quisition of aeid properry or tbe improvemente t6ei+eon.
Presentment, pmtest. and notice are hereby aaived. /1
~ ~
1,~,1 ard M. Coma~ ~
! ~ W 'L~i~i ~s'. [ggAl,]
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~ And shall dulY, P~mP~3~, and fully perform, discharge, execute, eHect, complete, and comp~? with and abide
I by esch and every the atipulations, agreementa, oonditions, and oovenauta of eaid promissory note and of this
~ mo*tgage, then thi,s mortgage and the estate hereby created shall oesae and be null and void.
~ Tbe Mortg~agor further oovenaate sa follows:
1. That he ~vill pay the indebtedneas, ss hereinbefore provided. Privilege ia reserved to prepay at any time, ~
without premium or fee, the ea~re indebtednees or any part thereof not lesa thaa the amount of one installment, or
one hundred dollats (i100.00), wluchever ia less.
2. In order more full~ to pmtect the securit~ of thia mortgage, the ~fortgagor, together with, and in
additinn to, the monthh pa~ ments under the terms of the note securect hereby, on the~ first de~ of each month .
until the said note is (u113 paid, will pa~ to the :~4ortgagee, as trustee, (under the terms of this trust as herein-
aft.er stated) tt?e following sums:
(a) A aum eqw~l to the 6round renta, if any, neut due, plua the premiuma thst w~l next ~eo~me due and payable .
~ policies of fire aud other hasud insairsnce eovermg the mortgaged P'roPertY. Plua ta:es and assessments
nezt due on the mortgeged property (a11 as estinuated by the Mortgagee and of which the Mortgagor is
notifie~) leas aIl euma slrealy psid therefor divided bq tbe number of months to elapee before one month
prior to t~e date whe~ such ~+ound rents, premiums, t~uces, and assessments will beoome delinquent,
such sums to be held by Mortgageeintivattopsyesidgroundrents,premiums,tasea,andspeciala~ssments.
(b) T6e a~t~e af the smounts.psyable puisuant to subparsgraph (s) and thosepayable on the note secured
herebp, s6s11 be paid ia s e~i~gle psyment each manth, to be epplied to the following itema in the order
atat~ed
(n ground reuts, ta~ee, ase~eat4 fire, and other hasard insurance premiums; ~
(In ia~ an the note eecue+ed hereby; aad i
~ (IIn ~mortisstion o[ tbe priacipal of e~id note. «
~ Any de8ciency in the amount oi suchsggregate monthly payment shsll, unlesa made good b~ the Mort-
gsgor prar to the due dste ot the next suc
~h payment, constitute an event of default under this mortgage.
At Mortgsgee s option, Mortgagor will psy a late chuge not ea~ceed'wg four per centum (4°Jo) of any inatall-
ment when paid more than fifteea (15) days after the due dste thereof to oover the extra expense iavolved in
handling del'wquent pqy mente~ but such "late charge" ahall not be payable out of the proceeda ot any sale
made to satisfy the ~ndebtednesa secured hereby, unlesa such proceeds sre sufficient to discharge the entire
indehtedness sad all proper oosts sud e~cpenses secured thereby.
3. 1f the total of the pa~ments made b~ the Mortgagor under (s) of paragraph 2 preceding ahall exceed
the ainount of ps~ ments actuall~ tnacle b~ t~e Mortgagee, as trustee, for ground rents, taxes and sasessments,
and insurancr premiuma, as the case ~na~~be, such exceas shall be cre~dited on subaequent pa~m~ents to be made
b~• the ~iongat,or for such items or, at Mortgsgee's option, as truatee, ahall be refunded to Mortgsgor. 1f,
however, euch monthl~ Ps~•ments Rhall no~ be suffi~ienl to ps~ such itema when the same shall become due
and Pay•able, tt~en the ~'iortgagor shall pa~• to the Mortgsgee, as truatee, sn~ amount necessarv to make up
tl~e defi~iencr. tiueh ps~•ment sl~sl[ be made within thirt~ (30) ds~~a sfter written notice from the Mortgagee
stating the amount ot the deficie,neq, which notice may be given by mail. It st any time the Mortgagor shall
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