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~rpqi~p~1 M11Ut11jR. tltat if said- .Atortgli~or s/iall paJ ri?rb th~~ sui~l :4fortgag~~e
the certain prunti ~surJ ~tutE~, uj' rr/~icle. tlee f'ullotrii~~ iit wurcls a~ttl fi~~cres is ~i true cupJ,
to wit:
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~ 5~230.Z0 Fo~t Piefoe, Florida i~~_.sT~ 19~_
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~ after date, 1, we or eithe~ of us promise to pay to the orde~ of
. r~~ Ni~ B~1k O~ lb~t P3~lf~0~ •
~i~s ~o~na~d ~ ~s~dr~i ~tjt a~d ~4?L00~ oouats
for value reaeived, payable at ~~t ~t p~~?~s
with interest
from at the ~ate of "~~""'yper cent per annum. until paidj interest payable
If dsfwk k m~ in any p~yn~nt wMn du~, th«+ at tM optian of th~ IwMw. and wiN~out u~y ottw~ notiar all th~ nnrWnp babno~ -
~hall b~ dw +md P~Y~ at ona.
Md ~ach of w wlNtlwr m~lut. 9uaranta oc Mdo~sa. Mnbr s~wrall~? w~iw~ and ~~aa an~? and dl hom~stNd ~xMnption ripMs .
w. may haw w+d~r ~h. Com~ion o. law~ of tM S~a» of Horida. or ~ny oeM? s~m o. Unitd SntM. a apaimt this noa~ and ~h fwtl~
waha d~maed. notb of norrWYm~nt and Protat. ~nd in ~wnt R b~oonNS oeoets~ry b colMct tl~is not~ drouph an atlo~rny, ap?w~ 1o Wy dl
cosa of oolbc~ioA, incwdirw rw~anabl~ +tlortw~s f~.. ~
'1Y~i,a ~C~R ala]l ba pqyabltEe itt ~i~el~ =60~ Ca~CUtlive~ llla~ar~t~~i~ ,
h~ .
ot S$7.1? th~ ~ euab i~ast~llara«t Ndll It~ da~ ]p, 1975, .
: aAd ac~ tl~ 13k~ dsy vl' eeoh ~tt~t aaa~ ~cy a~ar~th tl~e-
~t P~• ~ 1aQ 3nQluds 3~t with an a~uai
~ pas~qr satis o~ 11.01~.- P~d,~di~a a~ ~~a~?t is ~ y~4~'. apd_ 3A tbs
e~ettt tfif~s t~oA~a 3s . p~ai~d ~r. !~u d~ita v! 1~s~ad,t~a t~n ~o~etaati e~ t~ .
o~ p~pap~s~t a6e~11 !~a oooo~~~d by rvl~ o~ 70 l~leR3~od. ~
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s/ Margaret B. Lambert ~ ~
, l~ 8. I~Il~
ancl shall er o~m~ ~om l~ with and abide bJ e~ch and every the stipuZations, ~
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a~sreements, co~aditio~as and covendnts of sacid promi,ssory note and of this deed, then ~
this deed and tlie estate h,erebJ credted shall ceacse and be nicll and v~vd. '
~ ,~ttd the said .1~Iort~sag'or hereby coaenants dnd a~rees: . ;
i .1. To pay ull a» ~ sin~ular the pri».cipal arul intPrest and ~thPr sum.s oj money
= P~Jahle bi~ i~irtue ~~f said pront.iss~~rJ ~rote cr~r~l tliis de~d, OT P,lrJ1PT, pr~,mptly ~~~r tlae
f claJs respectirely the. sa»ae~ sei~erally co»i.e (ZlIP.
f
~ To pay ~11 can~l si~r6u~~r t.he tu.res, assessm.~nts, let•iPS, liuhiliti~•s, ~,bli.~atians
~ ~ind enercmbrunees oj ei~erJ »atr~.re on saicl clc~s~ribed propprlJ ea.~ja ancl ei~Pr~, and
~ if the same be not promptly pcLid the said JKort~a~ee may dt any time pay the same -
~ without waivin~ or aj~ectin~ the option to foreclose or any ri~h t laereunder, and every
pcayme~at so mcade shall bear interest from the date thereof at the rate of 11.01$
~ per cent. per dnnum.
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x To pay all and singutar the costs, chargF~s an~l expe~rses, i~i~ltuli~ig lau~/ers-
~ fees, reasonccbly incurred or pcLid at dny time by said J4fort~a~ee becarese of tlie failure
~ on the part of the suid .hlortgagor to perform, complJ u~ith a~a~~ abicle b~ each and
~ everrJ the stiptclations, a.~'reements, conditions and covenac~rts of saicl promissorJ n.ote
~ and thi,s deed, or either, and every sccch payment shall hear i~aterest from ci,ctte dt the
_ rate of 11. Gl~ per cent. per annum.
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~ ~ To lceep the building n.uw nr 1r~reafter nn s~~id /crnd iitsr~recl i~r a sum not
~ i less tia~n. Ftiill Insurable Value
,
~ __~~___------------_-------~--~-Y-~ Uollars, in a compa~:.r~ or c•~»npa~tr~s o
~ be approued bJ said .1~fort~a~ee, and ~he poti.cy or policies held by and payn,ble to said
~ .~1-iort~scc~ee, and i.n the event any srcrra of ~nonPy becomes payable u~ader such. policy or
~ policies, the ~~lortgca~ee shall have th.e option to reeeive and upply the same on account
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~ of the i~tlebtedness hereby secured or to permit the .hlortgagor to receive and use it, or
~ dny pacrt th.ereof, for otlaer purposes, wi`,hotct thereby u~aivin~ or impairin~ an~ eqtcity
~ lien or ri~ht u.nder or by virtue of this mortga~se, and may place and pa~ for such
~ instcrance or any part thereof, wtthou•t tadivan~ or af~ecting the optio~t to foreclose or
~ dny right hereunder, and each and every such paym,ent shall beacr interest fro~n dacte-
~ dt t/ce rccte of 11.O1g per cent. per annum.
g~~K~35 FA~~ 2i~8
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