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The Mortg~gor hereby oovenant,s with t~?e MoMgsgee~~ th~t he is indeteaAib~y eeiaed oi said land ia fee
eimple or suc6 other astut,e~ ~~ny ~s is s~+t~ed herein; f~t he has tult power and bwiul righ~ to ooavev the asme
as aiores~id: Uu~ tbs laad ss iree ~rom ~ll eocumbnaoes e~oept ~s Lecein otherwise secited; t6at s~idY?~ior/g~gor
will malce suc6 iur~her aesurmoes to pruve We i?foresaid title b said land 'u? s~id Mortgagee aa m~7 be reaeon'
ab~rrequired~ snd tbati said Mortgagos ~loes hereby i~ wuran` the Lit~le to s~id land, and svar~ p~r~ U?eroot,
and will defend the saws againati the ls~vtul olaima oi pareoos whomsosver.
P~OYIDSD ALw~YS thut it the Ibiortgsgor a6a11 pa~ unLo the Mott6~8'es that~ ce~taia W'O~°~Or9 n°~'°~ of
which tLe tollowing is ~ subaLwtial ooP~. Lo wi6:
~22~000.00 Fort Pierce , F7orida.
~ay 2p ,197~ .
Fos vwws R~csivsn, the undere~ed Promise(e) to w~Y ~
f
J. T. STh~IART N1~n1GAGS C70MPANY~ INC.
, s oorpuratian organised sad e~oatin~g wnder tbe
y~ws ot the State of Florida , or order, the principal sum of'1'Fiffi'iTY TWO T~USAND A'~ID N0~100
Dollars (i 22,000.00 with intersst from dste st
the rst~e of SI(~ & TfIItSS 4UARTSRS pe* oentum (8 3/4%) per aonum on che un~d b.l~oe unw ~d.
The ssid principai aad interesc ahsil be ~?yable at the o~oe o~ J. T. STE~ I~R'PGl1GE QOl?1PANY~ INC.
100 MIRACLE MILB
in O~RAL GABI~S ~ F7ARIDA , or at such otLer plsoe a8 the hdder m~?y deei~aate in writing
ddiv~ed or mailed to tbe debtor, in monthly installments
~NS HUI~IDRED SSV ~Y4 T~II~ ~~1,n4~0~
~=173.14 commencing on the Srst day of ~Y
6rat day, of each month thereafter until this note ia fully Paid, ezcept that, ii not eooner paid, the final payment
oi principul und inLerest shall be due and psyable on the 6rat day oi Juae ~~4 •
privilege ie reserved to prepay st any t~ime, without premium or fee. the entire indebtedneas or sny Psrt
tdereof not len tbaa the amount of one la:tallmeut, or one hundred doWis (=100.00). w6ic.6~?er is le~. YnPiYment in full
shafi be credited on tik dtte recei~ed. ~~rii:t g~~y ~at, other thau on aa 1QStallment due date, aeed not be credited until
the a~t idlowin~ indaUmeat due date or thItty days atter wch prepayment, whichev~er is eariler.
Ii say de8ciency ia the payment of any inatallment under thia note is not made good prior to the due dste
of the nezt auch inatallment, the entire princiPal sum snd ac~',rued ~nt,eresti ah~! at oncs beoome due and ~sy-
sble without notice st the option of the holder oi this note. Failure to exerciae thia option shall not oonst~tute
a waiver of the right to ezem.ise the same in t6e event oi any subeequent detsul~. In the aveat of default in the
psymen~ of Lhia note, and if the esme is colleoted by an sttorney at law, tLe undersigned hereby sgree(s) to
psy ~?11 oosts of oollection. including a reseonuble sttorney's fee.
'I'his note is secured by mortga~e of even date eaecuted by the underaigned on aertain pruperty described
thg~ein and represents money actually used for the acquisition of said pmperty or the impmvemente thereon.
preeentment, proteBt. and notice are hereby waived.
~s~Michael Robert Tamkinson
CHABL ~~EtT R~RSON
~s~Alma Jean Tamkinson [sgsL~
AIMA JSAN TOI~~iSON
- [s~,?L]
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i
~ [SEAL~
~ And shall duly~ promptly, and fully pedorm~ discharge, execute, effect, complete, and comply with and abide
~ by each and every the stapulstions, agc~eements, condiWons. a~?d covenants of aaid promissory note and of this
mortgage, then thia mortgage and the estate herebq created shall cease and be null and void.
The Mortgagor further oovenants as follows:
1. T6at he will pay the indebtedness, ss hereinbefore pmvided. Privilege is reserved to pr~pay at any time,
without premium or fee, t6e entare indebtedness or any part thereof not lesa than t6e amount of one instsllment, or
one hundred dollars (i100.00), ~vhichever is less.
2. In order n~ore fulh• to protect the securit~- of this n~ortgage, tl?c ~~lortgagor, togett?er v?ith, and in
addition 10, the monthl~• pa~ u~ents under the tenns of the note seeured hereb~-, on ihe first da~- o[ c~ach month
until the said note is full~ paid, v?ill pa~ to the Vlortgagee, as tcustee, (under th~ tern~s of this truct a.s herein-
a[tcr stated) the (ullowing suu?s: '
(s) A sum equal to the ground rents, if aay, next due, plus the premiuma t6at will next become due and peyable
on policies of fire and other hassrd insursnce oovering the mortgaged propertY. Plus taxes and assessments
next due on the mortgaged property (a11 ea estimated bY the Mortgagee and of which the Mortgagor is
notiSed) less all sums alreadY Paid thee+efor divided by the number of months to elapee before one month
prior to the date when such groun?d rents, Premiums. tazes~ a°d a~ss~°e°ts will become delinquent,
such euma to be held by Mortgageeintnisttopaysaidgroundrents,premiums,taxes,andspecialassessments.
(b~ T6e aggr~gate of the amounta pa able pursuant to subpsragraph (a) and those psyable on the note secured
hereby, ahall be paid in a~ PsYment each month, to be appLed to the following itema in the order
stated
(I) ground rents, ta:es, sssessments, Sre, aad ot6er hazard insurance premiuma;
~ (II) interest ~ the note secured hereby; and
(Iin amortasetion of the principal of said note.
Any defiaiency in the amount of such a~gregate raonthly payment shall, unless made good by the Mort-
gagor pr~or to the due dste ot the next such pa~ menL, constitute an event ot default under this mortgage.
At Mortgagee's option, Morigagor will pay a"late cl~arge" not exceeding four per centum (4%) of any install-
ment when paid more t6an fiftecn (15) days after the due date thereof to cover the extra expense ~nvolved in
handliag delinquent payments, but such "late charge" shall not be payable out of the proceeds of any sale
made to satisfy the ~ndebtr.dness secured hereby, utiless such proceeds are sufficient to discharge the entire
~ indebtednesa and all proper costs and expenses securEC! thereby.
If the total of tl?e pa~•ments ~nad~ b~' tlie ~lortgugor un~ler (o) of para~ruph 2 prec•cdin~ s6a11 exceed
the amount of pa}-ment5 a~tuall~• mad~ b~' tl~c ltortKa~ec•, as truste~~, for groun~l r~~nts, taxes and assessments,
and insurance premiwns, as th~ case ii~ar be, such excess shall t~e credited on sui>seyuent pa~'ments lo be made
b~ the tifortgu~or for su~h iten~s or, at ltortg~e~'s option, t~s iruste~, shall be refuncied to Mortga~;oc. I[,
however, such n?ontld~• pa~•ments sl~ull not lx~ suffi~•ient to pa~' cuc•h itcu?s when~the s~me 'shalt become due
and pa~'able, tiien t)~c titortKa~or shall pt~~• to th~ ~iort~age~~, as trustcr, an~- umount necessar~ to make up
the de~icienc~-. Siicli pa~-~n~~nt sLaU b~ ~i~ade w•ithin tl~irt~- (:30) da~•c u(tFr wriiten noti~e (rom t~~e Mortgagee
stating the amount of the deficiency, wl~ich notice may be giren by maii. If at, any time the Mortgagor shall
F'( i ~+G I PAGf ~;1,~
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