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JENSEN BEACti BANK, a I~ational Bar.king Association '
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F'OUR THOUSAND AND NO/100------------ ~
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Jensen_Beach~ Florida ~ ~ ; ~
At~NI wH~ Mu~w~N iw ~rritia~. 1NMIN~ ~iN~ iM~ehf Ih~ ~N~ M flN wh ~1 9• S ~N s~1MM1 ~N M 1~ MMy , ~
?~I~es~ ~wtil wNhu~. TA~ wi1 ~nwciNl ~w~ iwhnM ~N M~w ~»rM~ 111 eq u a 1 mon th 1 y i n s t a 11 me n t s Y
of S128.14, the first such installment being due and payable on the eth ~
day of April , 1977, and each succeeding installment being due ~
and payable on the 8th day of each and every month thereafter until ~
this note is fully paid This nate may be prepaid in whole or in part ;
; at any time prior to maturity without penalty. ~
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and shell duly, promptly and fully perfotm, dischwrge, execute, eflect, complet~. ~ompiy with and aDide Dy euh
and everv the stlpufationa, agrcementa, condd~ons snd covenants ot said prom~ssory note und of tlus mortgags,
then thii mortgage and the estate hereby created ahall cea~e and De null ana void_
It is underatood that each of the wor~is, "note." "mortgagoY' and "mongagee" reapectlvely and the pron-
ouns refernng thereto, whether in the s~ngular or plural anywhere in thl~ mortgage, shull be singular it one ody
and ~hall be plurai JoinUy and severaily, ft more than one, and shall be mnxuline, terrunine and.~or neuter. wher-
ever the context ao impl~es or admita.
And safd Mortgagor for hlmselt and tUs hetrs, legal representatl~es, ~ucceswrs and wigas, hereby coven-
anta ana agrees to and with said Mortgagee, hia lcgsl repre~entatives, auccessors and assigns:
1. To pay W and singular the principal and lntereat and tLe various and ~undry sumi ot money p~yaDle b~
v~rtus oi ~aid promiswry aole, and thi~ mortgage, euh and every, promptty on th~ days respectivair th~ aaas~
severatly Decome due. • _
Z. To pay all and aingular the tanea, asaeasmenta, ievtes, lisbilities, obll~atfons and incumbrancp of ever~
nature and kind now on said deacnbed property, and/or that hereafter may be impoxd. suffered, placed, levied
; or aasesacd thereupon, andior that hereatter may be levied or sssessed upon this mortgage and'or the indebted-
! ne~~ +ecurecl her~by, each and ev.ry, when due and pa~able accnrdinR to law, be[ore they become deliaquent,
i and before any interest attache~ or any penalty is irscurreci; and in so [ar a~ any thereof is of record the sam~
j ahall be prumptly satisfied and discharged ot record and the onginal of[~ciat document 1~uch as, for instance.
E the tax receipt or :he satiatactfon paper o[ticially en~iorsed or certittedl shnll be placed fn the hands ol said
! btortgagee within ten days next atter payment; and in the event thdt any thereot !s not so paid, satisfied and
dlscharged, aaid Mortgagee may at any ttme pay the aarr?e or any part thereot v?-ithout wai~3ng or at[ecting
any option. lien, equlty or nght under or by ~~rtue ot th19 mortgage, and the full amount of each and every
( such payment ~hall be immed,ately due and payable and ahall bear intereat from the date thereot until pafd
E at the rate of ten per centurn per annum and together K1~A such Intereat shall be secured by the lien of thu
~ mortgage.
~ S. To place and continuoualy keep on the bu:ldin~a now or herea[ter eituate on said land fire and windsLorm
~ highest insurable value
inaurance in the u.4ua1 standard policy torm, in a aum not les~ th~?n in euch com-
~ pany or comp^ates as may De npproved by aaid 1?1ortRa~ee: and all ~uch fnnurance policit~ on any of said Dui1M
~ 1ngs. any intere~t therein or part thereot, in the aR~regate sum atorrsaid or ln exce~s thereot. ~hsU contain ths
~ usual standard mortRagee clauae maklnR the lus~ ur.der eaid poLcies, each and e~ery, payable to said lltoriga~
0 gee as his interest may appear, and each and e~~ery su~h policy ~hall be Fromptly delivered to and held by aaid
E Mortgagee• and, not less than ten day~ in adrance of the expiration ot each policy, to deliver to a+?td Mortga~ee
E a renewal ~fhereoi. toqether with a receipt for the premiuir~ Lf ,~~c~t~ rer~tzrsi; an3 i??era sT.a2! tse r.a ~:r': i:.s:sr-
f ance placed on any ot safd buildlnRs, any intereat therein or part thereof, unles~ in the torm and w(th the la+a
~ psyable aa atoreasid; and fn the e~•ent any sum of money become~ paysble undcr such polfcy or policiea as?d
MortRaqee shall have the optlon to recdve snd apply the same on account of the indebtednena aecured hereby or
to permft ~aid MortRaRor to receK•e and use it or any pnrt thereot tor other purposea w~thout thereby v~aiving
~ or impafring any equity. lien or riRht under or by virtue of this mortgage: and fn the e~ent said Mortgagor shsll
; for any reruon fa~l to kPep the raid•prenu.P~ ~o in~ur~d, or (ail to dellver prompUy anv of said pol~cie~ o!
insurance to said binrtRaRoe, or tajl promptly to p1y tully any premium therefor. or in any reapecL [a11 to per-
' torm. discharRe, execute, effect, complete, comply ~~th and abide by thfs covenant, or any part hereof, said Mortg-
agee may place and pay for auch in+urance or any part thereot without waiving or attectlng any option. lien,
~ equity or right under or by virtue o[ this mortgsge, and the full amount of each nnd every such payment shall
be Immedlstely due and payabie and ahail bear int~rest from the date thereot until paiA at the nte ot tcn per
' centum per annum and together with such Interest ahall be secured by the llen of Ws mortgaqe.
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f 4. To perrN~ commit or eutfer no vreate; fmpairment or deterlonUon of sald pmperty or any part thereot.
6. To p~q a11 and ainRutu the coata, charges and ex~enses, fncSudiag reasonaDle lawyer'a fete anQ coat o!
abstrecb o[ title, tncurmi or patd si any time by asid MaKg4gat Leu:ssa an~'ar tn L?:e svent a! L2ss tallu~
on the part of the satd Mortgagor-to duly, promptly and Nliy peKorno. dlscharge, azecute, eKect, completa,
comply with and ~bide by each and every the atlpultUoni, agrcemenU, condltlans and covenaals oi ssid prosnls-
! wry note, and Ws mortgage, any or efther, and sald co~ta, chargq aaA a:pe~ue~. each and every, ahW b~ im-
: medfaiNy dve and payadle, arhether or noL lhara bs nottcs, drmarad, attempt to collect or nuit ~+enQing• aad tM
; lUll amount ot each and every such payment ~hall bear tnterest hom Ne dat~ th~reof until pald at t2u nte o~
~ ten y~r rentum per ~nnum: ~r~d all ~a3, eosL. eharges sa8 tspea~as ~a facusrsd ar psl~ L~sL2xr wr!!h auch !a-
~ brat, ~hall bs ~ecured by tb~ If~a o! Wa mott~ap.
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