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•i• 5-----~--~~..QQ-_ STUART, florid~, --~Z~1'.~----......'~._----- 19._~.. ~
. y ~Q ' ned ' in~tlY r~ scv ~ 1! PROMISE Tp PAY to the orde~ of...._.__._.....
~~K J~iJ~l~l ~~l:~ $~~0~'1~ D~1 ~ CO_! Ol'atlOA
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r ussx?d aac~ no.1~~•~~•••••••••••••o••~~~•••~~~•~••..•••~+•• . ~OllARS,
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j: at ._~Q31B~1~_~Cb.T.~Q~_--------- or such other plra as ti~a hoide~
hereof may designate in w~iting, !ogeth~r with inte~est f~om date at the rate of psr centum p~~ annum on the '
i: unpaid balance until maturiry. The said p~incipal and interest shai) ba due and payabfe ~8 ~OuO~WS:
$84i. ~ a month, the $ret po~ymout b~i~q due aoe ma~th irom dat~ and ooatLnu~a~ ior ti
e~ch month thereait~r uatil pe~id. This sum od $8~1. a~id eac.h month r~ll llrst b~ ~
credlted b~ intenat aad re~,us~ndsr ~o the prineipal o~ tbis obliqatlva~. Zbis aot~
wfll be completely pe?id widi 15~0 monthly p~yment~ o~ $841. unless sooner prepe~icL ~
~'Ibia no~s may b~ prepaid at a~ tlm~ a?it2~out pena1ty.
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= If de~aul~ b~ mad~ tar ~0 daY~ in ~M wY~~ of MY im?aWn~nt of wMaP~ a inN?es~ or ~nY vin Maaoi. ~h~ wla1~ wrw Nw~ ~~w.a.n:rq ti•
. unpaid wi~h intwsr sh~ll ~t holda's oW~ow bcarn~ dw +nd WY+~ naic~. Frlw~ to •aNasr wd ootiw~ shall not co~~, r~ a w~~+N of tl~~ riqAt ~
.I ro e¦erc~s~ tM wn~ :n Nw ~v~M ef wbwp~~ d~twlt. Af~u ~wriM baA P?inc:pd and ~ttru~d inw~st s1~11 b~a~ iere.e+~ a__1~F__ o~, cenw,n per ~ru+.,~w
~ ~~r~~ pa~d. TM makMS ~nd ~nderws of ti~is non h.rtM? w~:vr d~wand, notic+ of non,par~~ awd won+~. It ~l.~s noa :s i.o~ ptid ~nanr~hr and M~ s~ev is ~
= plK~d wi~A ~n aRaeM fer tdlK~ab N» nykrs ~++d MdwNn I~wF ~YrM N M1 ~11 co~b of coll~ctian, incw6nY all towt cosb and t~aaon+bl~ attorn~y hN• ~
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and shall duly, promptly and fully perform, discharge, execute, effect, completP, comply with and abide by each
and eve:y the stipulations, agreements, cond~tions and covenants of said prom~ssory note nnd oi thi~ mortgage.
then thi~ mortgave and the estate hereby created shall ceaae and be null ana ~o~~.
Yt i~ understood that each ot the words. "note: '"mortgagor" and "mo~rtgsgee" respectlvelq and the pron-
ouna referring thxreto. whether in the singular or plural anywhere In thls mortgage. shall be singular if one ody
and shall be plu-~.1 joinUy and severally, it more than one, and shall be mn.sculine, feminine and/or neuter. wher-
ever the context so implies or admits.
And ~aid Mortgagor for hlmaelt and his heira, legal represeniati~•es, succes9ora and asslgns, hereby coven-
anta ana agree~ to and with said Mortgagee, hia legnl representatives, successors and assigns:
1. To pny el! ~r~! !+~gi.lsr ihe grincipal and intereat and the varioua snd aundry suma ot money payable by
•vlrtue of said promisaory note. aad this mortgage, each and every, promptly on the day~ re~pectively the same
eeverally become due.
2. To pay all and aingutar Lhe truces, assessments, leties, liabilities, obliRations and incumbrancea of every
nsture and kind now on said described properiy, and~or that hereafter may be imposed, sutfered, placed, levied
or assessed thereupon, and/or that hereafter may De tevied or asscssed upon this mortgage and/or the indebied-
ness secared hereby, each and rvery, v~hen due and payable accoMing to law, before they become delinquent,
and before any interest attaches or any penalty iv incuned; and in so far as any thereof is of record the same
ahatl be promptty satisfied and dischar~ed ot record and the onRinai off~cial document (such a~, for instance.
Lhe tax receipt or the satistaction paper officially en+iorsed or certifiedl shall be placed in the hands of said
Mottgagee w~thin ten days nexE after payment: and in the event that any thereof is not so paid, satist?ed and
dis~harged, said 2~tortgagee may at any time pay the same or any part iherer?f v?-ithout wai~~ng or affecting
any opti~n. lien, equity or right under or by ~ iriuP of this rr~ortgage, and the fuli amoant ot each and everq
such payment sAal~ be immedEately due and payab~e ~nd sh:~l! bear interest trom the cinte thereot until paid
at the rate of ten per cPnturn per annum and together w~th such interest shall be secured by the lien of this
~ mortgage,
~ 3. To place and con6nuousty keop on the bu~td.rt~s now or hereafter ~ituate on said land fite and windstorm
' insurance in the ~Qual standarA policy form, in a sum r.nt iess than S-..--~lm~~----------•-----•--•--•. in such com-
pany or comp-aics as ma~ be apprared by ~ai~l 1?tort~a~re: an~l ~ll su~h insurance ~licies on any of said build-
' ing~, any intereat therein or part thereof, in the a~~regate sum atoresaid'or in excess thereof. ~hall contain the
usual sLandard mort~agee clause makinR the tu~s ur.d~•r sald policies, each and every, payable to said 1ltortga-
~ gee as hia interest may appear, and each ar.d ere.-~~ si~•h ~Lcy shall be promptly deli~ered to and held by said
i biortgagee; and, aot less than ten days in adrarire of the expiration of each F+oticy, to deliver to said Morigagee
j a renewal thernof, to~ett?er with s receipt fnr the prPmium of v~~~h r~ncwal: and there shall be no such insur-
I ance placed on any o[ said Dui?dinRs, any interest the~ein or part thereot, unle~ in the form and with the loss
i payable as aforesaid: and 9n the e~•ent any aum of money Decomes payaDle under ~uch poflcy or policies said
Mort~a~ee shall ha~e the option to receive and apply the 4amP on account ot the indebtednes~ secured hereby or
to perniit said StortQaRor to recei~P and use it or any pxrt thereof for other purpo~e9 without thereby waiving
or impairing any equity. lien or ri~ht onder or by ~irtue of th:s mortgage: and in the e~ent 9aid Mortgagor ~hall
for any reaso~ [ai! to keep the saiA premis~s so insurcd, or tail !o deliver prompily any of said policies of
insurance to said ~tortRaRee, or fail prompUy to piy f~illy any prerr~ium theretor. or in any respect fail to per-
form, diacharge, execute, effect, complete, comply kith and abide by thia covenant, or any part hereof, asid ]?tortg-
ageP may place and pay tor such insurance or any part thereof without v~al~ing or atfecting any option, lien,
equitv or right ander or by rirtue ot this mortRage, anJ the full amount of each and every such peyment shall
be immediately due and pa}•able and shall bear intPrest from the dnte thereof untll paid at the cate of ten per
centum per annum and together with sucA lnterest shalt be aecvred by the ]ien ot thls mortgage.
4. To permtt, commit or sutier no w•aate, impairment or deterloration of aafd property or any part thereof.
6. To pay nll and aingular the co~ts, char~ea and expensee, including na~onable lawyer's fee~ and cwt ot
ab~tracts ot title, tncurred or pald at any ttme by satd Mortgagee becaux and/or 1n the svent ot the fallure
on the part ot the ssid Mortgagor to duly, promptly and fully pertorm. discharge, eaecute, ettect, complete,
eomplq with and abide by each snd every the stfpulationa, agreementa, condiUons and oovenante oi said promis-
sory nnie, and thls mortgage, any or etther, and sald co9ts. chargq and expenses, each and every, ahs11 L~e tm-
mediately due and payable, whether or not there be notice, demand, attempt to colkct or auft pendLng: and the
full amount of each and every auch ~ayment ahall bear interest trom the dats thereot untD pald st the rste o!
ten per centum per annum; and all satd coste, charges anQ ezpease~ so tncurred ur ~ald. together with aucb !n-
terest, ahall Le aecured by the lfen oi thls mortgage.
ac`~K 21.1 F~~: ~686
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