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Ths Mort~~oe Le~tib~ oo~eaaa~ with t6e M Wai 6e i~ indetewib~j? ~eia~ed ot nid 4nd ia fes
i~Qk or wc6 otber eat~t~s~ ti aq~ ~s is st~ted 6ee+eia; ~t has tull p~wec aad bwiul ri~ht to ooa~ the Mias
Y~IOt+lMld; f~~ ~ I~ vI eDC111nbtaDOM OxO~~ M~I+01II Ol~lNlN 1^~fA~; f~~ ~d1NI01'f~0!
wtU maks wc6 inrtber wm~anoes to pro~e ~s do~+e~aid ~itk? to wd l~ad ia aid Mortg~es ~s my bs ne~wo-
required, aad t~ ~aid Mort4~or does hee~sb~ i~ w~re~nt tbe t~t1s Lo nid laad, and e~er~ p~r0 the~+s~t.
~wiU defend We was ~sinat t6e lawtul cLims oi penons w6omsoever.
P~OYIDSD ALwsTa tL~t ii tLe Motfgagor a6a11 pq unt~o ths Mortgs~es t~6 oertaia promirwry not~e~ oi
w6ich tLe lollowing u a wbat~sati~l ooPT~ `o wit:
= 28,700.00 Fort Pierce ~ Flotids.
April 27 , 19 72 .
Foa V~.vs Rscsivs~~ tbe nndst~i~pued Promise(s) to PRY ~
J. T. ST~ MOR'1`GAGE COP~ANY , INC .
. ~ oorp~~on or~nised aad e~n6 vader the
1~?ws af State of Florida , or order~ the principsl aum oE ~Y BI~T THCOS~1'ID SEVSN
xvrroRSn ~n No/ioo---------------------not~rs 2s,~oo.oo ~ith intere~ irom a.te
the rute af seven P~ ~ P~ anaum on tLe unpaid b~laace until paid.
The esid principal snd intereeR ehall be psyable st t~ o~oe ~ J. T. ST~TAItT MOItTGAGE CQt~'~ANY, INC.
Suit~ 300 - 100 Mi.racle Mile - - ~
ia Coral Gables, Florida , or at auch otber pL?oe ae the hdder may deeignate in writin~
deliv~ed or mailed to the debtor~ in monthly installments of ~e ~dred Ninety One and 14/10~~
(i 191.14 ~c~6 ~ ~ ~ ~y ~ June , 19 7~and oootinuing on the
Srst dsy oi each month tLereafter until tbis note ia fully Psid, ezoePt t~?t, ii not eooner paid, t6e HnZal~yment
oi principal and interest ehall be due and psysble on the firat dsy of May ~
Pri~~' ~s reserved to prepsy at su,y time, without premium or fee the entire indebtednees or any Par~
thereot not~lees tLan t~a amount of on~e u~st4llmeat~ or one hundred dol~are (i100.00), ~vhic6ever is lees.
If aq~ defic~eacy in the pa ent of any i~tallment under thia note ia not ma~de good prior to tLe due dste
a
oi tha nezt such inatallment, , e entire principsl sum and acc.cved interest ahsll at onoe beoome due and pay-
able aithout notice st the opt~on of the holder of tbis note. Failure to ezes+ciae this optioa ahull not aonatatute
s waiver of the tight to ezbrcise the esme in tLe event of any subeequent defaul~. In the event of detaolt in the
psyment of this note, and if the sanne is oollected by an sttorne~ at Lw, the nnderaigned hnreby agree(s) to
P~Y sll oosts of oollection, including a reseonsble attorney's fee.
TLis note is secure~ b~ mo ~s~e of iven dste ezecuted by the imderaigned on:oertain pi+opeity deecribed
tLerein snd repreeents money sc~t~i~naUy used ~or the acqui~sition of esid pmpe~r6y or the improvemente tb~ereon. -
Pi+esentment, pmtesti~ and notice are hereby wsived.
~ sSAL
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ard~ M.
//L'.~ZcLGI~ L~>G~-' [ggAL]
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~ [~SAL]
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Md ehall duly~ P~P~Y, and fully perform, discbarge, execute, eSect, oomplete, and comp~y with and sbi~e
E by eac~ and ever~? the stipulations, agreements, conditions, and covensnts of said pmmissory note and of thie
mo*tgsge, then t~e morigage and the estate hereby created shall cesae and be null and vad.
~ The Mortgsgor further ooveasnte sa followa:
1. 'That he willpay the indebtednesa, as hereinbefore provided. Privilege ia reserved to P~Y ~~Y ~e.
~ ~vithout pnm~ium or fee, the eatare indebtedne~a or any part thereof not lesa thau the amount of one installment, or
one hundred ddlars (i100.00), whichever ia leas.
2. In order more fully to protect the securit~ of this mortgage, the Mortgagor, together with, and in
addition to, the monthlv pay-ments under the terms of the note secured hereby, on the first day of each month •
until the said note is fu~13 paid, will pay to the Mortgagee, as trustee, (under the tern~s of this trust as herein-
after stated) the following suma: _ ~
(a) A sum eqwl to the ~round ranta, if mq, ne~t due, plue the prenniums tbst w~l ne~ct-beoome due and psyable
on policies ot Sraaad other basard ineuranoe eovenng tb~ mortgsged P'~i~Y. Plua teuces aad sssessments
next due an the mortg,~ged pr~peety (a11 as estimsted by t6e Mortgsgee sad d arhich the Mortgagor ia
notified) lees a11 eums~~~ paid there~or divided bq the number of m~ths to~1~!pe~ before one month
pri
or to the date wh~ such g~ nd rea
t a, premi
u m e, tax
e
s, and aseesaments will beuome delin quent,
euch suma tobe held by Mortgageemtivsttopsyeaidgroundrenta,pr8miums~tazes,andspecialasse~menta.
(b) T6e agge+egste of t6e amounte.~able pureuaat to subparagraph (s) sad thoeepayable on t6e note secured
hereby, eba11 be peud in s pspmeat each mo~th, to be spplied to t6e f~llowing items in the order
Btated
~ (n g+ound re~ts, t~c~ee, ~ments, fire, and other hasard inaursnce premiuma;
(In intei+eet an the note eecured her~by; and
~ (III) ama~tasstian of the principsl d seid note.
~ ~ Any deficiency in tbe amount oi suchag
g~r~~gate monthly psyment shsll, unleaa made good bq the Mort-
- gagor pnor to the due date of tbe next such psyment, const~tute an event of defsult under this mortgsge.
At Mortgagee'e option, Mortgagor will pey s"late chuge" not ezceeding four per centum (4%) of any instsll-
0
ment when ps~d more than fifteen (15) days atter the due dste thereof to c~over the eutn expense involved in
handling delinquent pqq
n4ent~, but auch "lste charge" aLall not be ~aysble out of the procee~s of sny sale
msde to satisfy the ~ndebt~dneas secured hereby, unle.sa such proceeds are eufficient to d~chuge the entire
indebtedneae and all proper ooats and ezpenaes secured thereby. . '
3. If the lotal of the paymenta made by~ the Mortgagor under (a) o( paragraph 2 precediq~g s~sll, exceed
the amount of pa~ menta actuallv made by the Mortgagee~ as trustee, for ground renta, taxes arul,~e~schenta,
and insurance premiums, as the case rns~ be~ aueh exceaa ahall be credit.ed on subsequent pay-menta to be made
by the Mortgagor for such items or, at Mortgagee's option, as truatee, ahall be tefunded to Mortgagor. If,
}iowever, such monthly~ psymenta shall not be sufficient to pay such items when the same ahall become due
and pa~able~ then the Mortgagor shall pay to the Mort$agee, as trustee, any smount nece~ary to make up
the de~ciencv. Such pa~-ment alitll be made within thiriy (30) davs a(ter vrrtcten notice from the Mortgagee
atating the smount of the deficisnay, ~vhich no4ce ra~y be givet~ by nr.ail. If st any time the Mortgagor shall
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