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~riltlt~pd M~lUM1~8, that ij'saitl. ~1lortga~nr shall pug unto tht• said .?Uortgagee
flee certain prontissury note, uf' trlrich. flee fi~llurt•ing in words and figures is a trite copy,
to wit: ~
s9~~Q~A40_ Fort Pierce June 12, p~9
p,r,d..
FOR VALAJE RKE1vED ftio wtdw>ti0ttod p?otwyes fo vw fo Fh. order d
RICHARD B. KELLEY and JANICE P. KELLEY, his wife,
the principal win o,. ~in~...~ousand Eight_..Humdrefd and no/ 100-.---..-_-.-.-_-Dou,rr t~9, 800, 00----.-~,
topelher with iNaresl thereon from deco, al flier rate of. _-.-.'..~.'9....1.~.411t.-.~.'..-OM cwd. Wr SnnI~III..... _ ..-..until matwity. said interest ;
be~~ parable_..mtanthly...... ..._Yu2[ei 7iifr16K XtGStC.
each year: both principal end iMSrest being payable in tawlul money of the United Slstes a its equivalent, at resident. addre3s .of .payee
_ ...........................................................................said princpps) sum to be Wyable on tM data and in the amounts spscdied bebw, to•wit: '
This mte is payable in monthly installments of Orye H>zxlred Ttaenty-six and 82/100 Dollars
($126.82) oomnez>dcing one month from date and monthly thereafter for thirty-six (36)
monthly installments. Upon the oonmoei~cing date of thirty-six .(36) months from date
hereof, the entire principal balance-plus accumulated interest, if any, shall be doer
and payable in full. Said installnoezi<t includes interest at 9-1/2% per armun on the
unpaid principal balance. -
Fach installment first shall be applied in payment of the interest and then on the
E u~aid balance of the principal sum. .
This into may be prepaid in whole or in part at any time without penalty.
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- Each maker and endorser severally waives demand. protest and notKe of maturely, non-payment or prolasl an~all requirements necessary to held each d
e Them liable as makers and endorsers.
- Each make? and endorser Further agrees, jointly and severally, to pay all costs of collection, including a rsasrsnable attorney's (ere in case the prinupa) oI
- This note or any pavn+en? on the prinupa) or any interest thereon is not pard at the respective maturely thereof, a in case it becomes necessary to protect the
securely hereoF, whether suit be brought or not ten (10~
This note and deferred interest payments shall bear interest at the rate oI.....r..._., Pert ,per annum Iron matwifY Until paid.
This tide n secured by~(`~....-mortgage of even date herewith and is to be constr and enforced according to the laws of the Stale d Florida,
upor, default in the payment ~ principal andtor ~ntrest due on any note secured by said Mortga ,all notes so +ecured and emaining un shall lorthw•th
become dur and payable notwithstanding their tenor
* and such default continues for 15 der s Ixa„
_ _ _ - y. ~ ~ .
. ..........................................w.•.w..~.•r............ A~
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and shall p6rjot»t, comply u•it)r rrnd al,ide by each and every the stipulations,
agreements, conditions and cotteita-tits of said promissory note and of this deed, then
this deed and. the estate hereby created shall cease and Le mill and t•oid.
.~1ttd the said ,.tlortg~tgor hereby covenants and agrees:
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.l. T~~ pay all ttnd .in~rtlrtr the pri?rripal and intrr,•st and r?tht•r suers t,j nturrerl
l,uyahle !~y rirlttc t,j said prt,iniset,nl nnte• ~tnr/ this dt•r•d, nr either, prv,ntptlrl ~?n the
flays respet•tir•ely flit zinrr sert~rally c•nr?ec drrw<•. ,
l_ Tn pail till ,tr?tl ,irtcsrtlar tlrc~ tares, usses.ments, !cries, liahilitiex, r,hliotttions
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and enertnthrurtees of er•cry uatrtre un suit! dest•ril~erl prt,pertrl eu••h and 'er•,•ry, ant! ~
is if the same Le not promptly paid the said ~tiortgagee may at any time pay the saute
without teui,ving or ajj'ecting the option. to foreclose or any right hereunder, and evetgl
payment so made shall Gear interest front the date thereof at the rate of ten (10%)
~j per cent. per annum.
3. To pay all and singular the ct,sts, cluu6r•s ant! expenses, inelrulin6 !au•yer's
~ I~
i fees, reasonably inctcrred or paid at an-y time by said .Afortgagee Lecanse of the failure i
on fhe part of the said riiortgugor to pet jornt, comply re•ith and chide by etzt•h and
evert! the stipulations, agreemet~+ts, conditions and covenants uj .aid pruntissoty note
and this deed, or either, and every stcch payment shall Lear interest front date at the
~ ~ rate of ten (10) per cent. per attnunt.
To keep the huihling nt,u• ur hereafter tin said land in.rnrecl in tr snnr tint
[csxt.huit the highest insurable value--------------------------------
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-------------------------------------Ut,llurs• in a t•nntpcuty or r•r,nr/iauies to -
j ~ be approt:ed by said .liortgagee, and the policy or policies held by and payable to said
! .~iorlgugce, an,l in tlrc event any suet of mon~•y becomes l,ayable tinder such policy or
policies, the ~iforlga-gee shall have tlt.e option to receive and apply the sunze on account
- of the i.itclebtedness herebrj secured or to permit the .~iiortgagor to receive and use it, or
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} any part thereof; fur other purposes, u•i'hout thcrehy u•ui.ving or impairing any egtcity
lien or right under ur by virtue of thi-s mort¢age, and ntay place and pay fur such '
insurance or any part thereof, without waiving or affecting the option to fi~reelose nr
any right hereunder, and each and every such payment shall bear interest from date i
~ at the rote of ten (10) per cent. per~annum.
3•~~~ sac
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