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The Mo~t;~r Lereb~ oo~eoaata witb tM Mo~~ge~, th~~ Ae i~ ind~tea~i ~eised ot aid laud ia fes
impW or such otber at~~ei J acqr ~s i~ stat,ed ~eebia; tLat hs 1w tull pa~ and i~~ul.ri~h~yo con~e~ the auas
as ~toi+esaid; t!u?t t~he laod » ires fe~m aU ancwbbranoe~ ~xospt as 6ersia otherwiss redted; t~hat wd1?Rortpgor
~wiil mske such iurthe~ aMUranoe~ Lo pro~e th~ ~tore~sid title to sa~ laad ia ~aid Mortg~es ~s mq be re~wa-
ob required~ ~ad tbati aid Mort~~gor doe~ Ls~+sb~ i~ warraat the t3tle to ~sid l~nd, and e~eq par~ ~eot.
an~ wilt detead the wQS ag~ins~ the Is~vtul olaims oi aU penoas whomsosver.
P1tOY1DSD ALw~TS that it t6e biortgag~r s6a11 pq uaLo ths Mortga~es Lhat oect~in pmmiswry note~ oi
wbich the folbwing u a substwtial ooPf~ to wiL:
i 16, 500. 00 I~brt Pierce, . Florida.
Nlav 1, .19 72 •
Foa Vru.vs RscstvsD. tbe unde~ed Promise(s) t~o P~Y ~
J. T. ST~TART MORTGAGg COMPAAY, INC.
- , s oorporation or6ani~d and e~datio~ under tbe
bwe of the State of Florida , oc otder. the PrinciPal eum ot' Sizteen Thoussnd Five Hundred
and No/100------------------------------~~ 16, 500.00 with interest from date at
t6e rate d Seven P~ centum P~* annum oa the unpsid balance until psid.
T~e said principal and intee+est ehall be payable at the o~ce of J. T. STET~IART MORTGAGS COMPANY, INC.
100 Miracle Mile
in Coral Gables, Florida 33134 st such other p~so~ sa the holder mi?y designste in writing
delivered or mailed to the debtor, in monthly installments of pne ~;~red Nine and 89/100---D~~
(i 10~. 89 ~mmencing on the firat daY ~ June , 19 7~ , and oontinuing -oa the
fi~t dsy of each month thereafter until tLis note ia fully psid, eioept tLst~ if n~ot sooner paid, the finel paymenti
of princapal and mterest ahall be due aud poyable on the firat day oi 1~jr . , 2002 .
privil'~ge ~a reserved to prepay at sn, time, without premium or fee the entire indebtedneee or sny part
thereoi not7eea tLsn the smount oi one mstallmeat, or one hundred dol~ars (i100.00), whichever is lesa.
If any deficiency in the payment of any inatallment under tLia note is not made good prior to tLe due date
of the nezt such inatallment, tbe entire principal sum snd accrued interest ahall at once beoome due and Fay-
able without notice at the option of the holder of this note. Failure to eaem,ise thia opt~ion ahell not oonstatute
a waiver of the right to ezercise the same in the event of sny aubeequent defsult. In the event of defsult in the
payment of this note, and if the eame is oollected by an attorne~ at lsw, the underaigned Lereby agree(s) to
psy all ooats of oollection, including a reaeona?ble attorney's fee.
This note ia secured by mortgage of even date eaecuted by~ t6e undere,igned on c~ertain property described
therein and represents money actually used for the aoquisition of said praperty or tLe impmvemente thereon.
Preeentment, pmtest. and notia~ are hereby waived.
. _ eL~e ~A ~sd N ~sa~,~
Clem Daxson Reame
/
9~ if'~4/'P F.tl .l~ Q L~a P~, ~~~1 s[sgnL]
Ksren Delores Reams
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And ahall duly, pmmptly, and fuDy perform, discharge, euecute, e8ect, complete, aad comply with and abide
~ by each and every the stipulations, ag~+eements~ conditions, and covenants of said promissory note snd d thia
~ mo*tgage, then this mortgage and the estate hereby created ahall cease and be null aud void.
The Mortgagor further oovenants sa follows:
1. 1'hat he will pay the indebtedness, ss hereinbefore provided. Privilege is reserved to prepay at any time,
without prem~ium or fee, the entire indebtednees or any part thereof not lesa than the amount of one installment, or
one hundred dollara (i100.00), whichever ia less.
~ 2. 1n order morn full~ to pmtect the securit~ o[ this mortgage, the Mortgagor, together with, and in
addition to, the monthl~ pa~-menta under the terms of the note secured hereb~ , on the first da~ of each month
until the said note is iu~l~ paid, will pa~ W the Mortgagee, as trustee, (under the terms ot this trust as herein-
aiter stated) the tollo~sing sums:
(a) A eum equsl to the ground r~nts, if any, neat due, plua the premiums that will next become due and peyable
on policiee of fire and other hasard inaurance covering the mortgaged property, plus taxes and as~essments
neat due on the. mortgaged property (a11 ae estimsted by the Mortgagee and af which the Mortgagor is
notified) leas all eums already paid tberefor divided by the number of months to before one month
prior to the date when auch ground r~te, pr~miums, taues, and sasesaments ' become delinquent,
~ such suma to be held by Mortgageeintruattopsysaidgroundrenta,premiuma,taues,andspecialas~ssments.
(b) The aggr~gate of the amounta pa able pureuant to subperagraph (a) and thoeepayable on the note secured ~
heretiy, ehall be paid ia s sing~e Pe?Ymeat each month, to be sppl~ed to the f~llo~ving itema in the order
atated
~ (n ground rente, taues, aseesameate, fire, and other hasard in~?rance premiums;
~ (II) intereet ~ the note aecured her~by; aud
~ (IIn amortisstion of the principal of said note.
Anp deficiency in tbe amount of suchaggregate monthly ~syment shsll, unlesa made good by the Mort-
gagor pnor to the due date of the neat auch paymeat, conatitut,e an even6 of default under this mortgage.
- At Mortgagee's option, Mortgagor will pay a"late charge" not ex~eeding four per centum (4%) of any install-
ment when paid more thsn fifteen (15) days after t6e due date thereof to cover the extrs expense ~nvolved in
handling delinquent payments, but auch "late chsrge" ahall not be payable out ot the proceeds of any sale
made to satiafy the mdebt~dnees secured hereby~ unless such proceeds sre sufficient to d~acharge the entire
indebtedneas and sll proper costs and eupenaes secured thereby.
3. t[ the total of the pa~~nents made b- the Mortgagor under (a) o( paragraph 2 preceding ahall exceed
tlie amount o( pa~ menls actuall~ made b~ t~e Mortgagee, sa trustee, for ground rents, taxes end assess~nents,
and insurance prnmiums, as tlie case ~na~ be, such excesa ahall be credited on subsequent pa~~rnents to be made
b~ tl~e Mortgagor for such items or, at Mortgagee's option, as trustee, ahall be refunded W Mortgsgor. If,
ho~vever, such montt~y payments ahall not be sufTicient to pay such items when the same ahall become due
and pa ~able, then the l~iortgagor shall pa~ to the Mortgagee, as trustee, any amount necessary to make up
the de~cienc}•. Such ps~-ment s1~a11 be made withYti,thirtp~3A) dava after written notice trom the Mortgag~
~ stating the amount of the deficiency, which notice may be givan by mtil. If at eny time the Mortgagor shall
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