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Home My WebLink About0565 15r350 413~s'70 / REAL F.STATE MORTGAGE ~1 . _ ([.e~ l~~e.) ~ THiS INDENTURB becwoen MICHASL M. MYLAN heniaaftec called tbe mortgagoc and CHARLES HENRY DOW, TRUSTEE t her~einattec called the mortgaga; ; WiTNESSET'H tbat abereaa the mortg~gor ~ jusUy indebted to tGe moctgaga in the sum ot S 61, 060 . 00 ~ s~, ~videnad by tl~a certain promissory nota ot evea date henwith, bearing interest from datc at tbe ratc of . % per annum. aigned by tha mongagor a~d payabk to the ordu oi the mortgaga as follows: $6,106.00 or more, plus accrued interest, on or before January 1, 1980, and the sum of $6,106.00 or more, plus accrued interest, on or before the lst day of each and every January thereafter until the principal indebtedness together with the interest thereon be fully paid. '1HEREFORB, we aaid mortpsoc tor tLe p~rpo~e ot saurinj the proma and runctwl p~yaxne ~ot cba said dcbc aod cta iatecmt w accrue tbereon and tDe P~~ of Wa ooveaants aod aQeemeau ha~einafcer e:pressed and in coasidaation ot f1.00 cssh in ba:nd Wid. the reaipt whereoi is berebY ackoowkdsed. by these praents. does trant, buPm. seU. .alim. remi~e. releass. oonver and conCum uato tbe said mortPSoe in fee simpk all of t6at artein traa of land. 'sitwta 1Y~i ~ beina in tbe Count~r of St . Lueie , ia tha Sta~e oi Flonda. dacn'bed as folbws. to arit: The South 100 feet of the North 100~ feet of U.. S. Government Lot 1 in Section 3, Township 34 South, Range 40 East, lying East of U. S. Highway-AlA~(3-A). ~0~ ~ ' RF~,_.4~. ~ ~~a.~~- : , . : _ 1 L!!i. i:,! - : ~t....~.._~ ! Ft:i E..T1~ - - iV.:S~~.lt: i~ :w.:~i~~ 71•'.~i, >.:.TS i,r 1911l. ~ fit36zR PE~I7f,~S ;1 i~ CLcit~( Ati;U1T COUiiT. Si. lUG1E Ot., FL~ STATE ~ F~G~4GA ~ ~r ~(~CUi.~Ef3TAR y ST~ Y ' a i ~ :,~Q=-.~ ~~~Eh~~~ ~:-#Y~~~~ 6 5 . _ = i = ~ -•c_ - - ..,I~Y1: `-~9~~.:~ ~ } ~ ~ F 9 ~ . in = ,4~.~ - o ~ ~ TO HAVE AND TO HOLD the same, together with i6e tenements. beriditaments and appurtenances unto tbe said - mortpgee in fee simple. ! 'I'he awrtgagor oovenanu with the mort~a~ee t6at be is lawtullY uized of t6e estate 6erein conveyed and 6as tuU power ~ ~ and right to convey and monga~e same: that the mortgasee s6a11 quietly rnjoy and poasess the same; that be does bereby warraat tt~e title to said land and will defend same against any and aU lawful claims whatsoevtr. and t6at the said est~te ( is free from all lieas and encumbrances whatsoever. ~ 'I'he mortgagor 6ereby furi6er promisa. rnvenants and agrees w and with the morigagee as follows: l. To pay all and singular the principal and interat aad other wms of money payabk by virtue of sa~d nae and this mortgage deed or either, promptly on the datts rapectively when the same xverally become due. 2. To pa~ all and sinaulu the taxes. assessmeats, kvies, liabilities, oblig.+tions, liens and encumbrances of e~ery nature on said j dexribed property each and every and if the same be not PromPt~Y Paid• ~he said mortgagee may, at any time (but it s6aU not be his duty to do so). pay lhe. same wiU~out waiving or affectiaa the oplion to forecbse or any other right hereuader. ~ Y 3. 7'o pay all and singular the costs, charges and expe~es includiag a reasonabk attorney's fee incurred or paid at any time by the mortgagee because ot the failun on the pari ot ~he mortgagor to perform, comply with and abide by each ~ and every t6e stipulations. agreements, oonditions and rnrenants of said promissory nott and this mortgage deed or eitber. a. To keep the improvements on said property in good repair and condition and that he will not be guilty of waste, either ~ rctne or ptrmissivc. 5. Tv kcep the buildings now or hereafter on said land insured against loss by fire, windstorm and tornado in Ihe ~ sum of at le.ist S . or to the eatent of tbe value of such improvements, in some company or compania acr:pwble ~o the mongagce, with loss payable to the mortgagee as his interest may appcar and to pay the premiums on such ~ policy ur policies when due. and upon issue of such policies to promptly deposit them wnh the mortgagee and agrces that the procrrdc o: any of such insur•rnce policies shall be applied to the pa~~ment of - the inJebtedness herein. or at the option of thc ~ mortgagee, to the repair or replacement ot the improvcmen~s upon the said propeny_ ~ 6. 7hat slwuld the mortgagur fai[ to comply with any of tht foregoing co~enants, the mortgagee may, at hi~ option, ~ ' pa~• any. of wch costs, expenses, attorney's fees, tazes, assessmeots. encumbrances. insurance premwms or any other cla~m~ - that should be paid by the mortgagor, in cither which events the sums so p~id shall be immediately dut and payaC~e and be a ~ part uf the indebtedness secured hcreby and shall bear interest at ~he rate of 10'.i per annurri from Jate oi payment. 7. Th~t should the mortga~or fail to ~+ay any installment of the principal and interest or any other items of debt hereby ~ ~ ~ stcureJ when due and should such default continue for a period of thirty days, then the entire pnncipal and accrued interest ~ and a11 other. indebtedness securcd 6ereby shaQ, at the option o[ the mor~gagee and withcwt notice to the mortYagor become ~mmcd~ately due and pay•rble. 8_ Thst lhe mortgagor agrees t6at the monBagee shall be entitled to the appointment of a receiver to take care of the . premises. to cotkct the rents, issues and profits aad to kap the premises in good repair: and to apply the rrnts, issues and ~ profiu to the payme~t of tbe debts sewred herebY en 11~e eneat of foreclosurc. ~ 9. That the failure of the mortsa~ee to exercise sny of bis options to prccipitate t6e debt secured 6ereby because of any viofalion of the coodi[ions, a6reemeot~ or eavenants of this mortsage. shall aot constitute a waiver of the n~ht to exercix ~ suc6 option becau~e of sny subsequeat ridatioo. ~ U P, This inskrument was prepared by g~~r O '^r '~'J~ B. J. IAI~GSTOV tr.~, ~ P. 0. P~~X i3 LAKELA"::). ~ . . . - - . _ - , • ~ : . .~.d-,~~- ~°~~u~~'~'y~" < ; - ~