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DUt~1e~ ~1W~t}~B, that if said .Mortgagor shall pay undo the said .Mortgagee
tJ~a esrtoYia pmna`iJraory rota, of u~Jiich tJitie follounng in ivorda and flgurea is a true copy,
s S , 000.0~~ uguat ; "9
FOIL VALVE RRCLIVED, the uadeniSaed. (jotndy and.snYraSy, it ttwxe than one) prtttaises to pay to t
• 80BHY J . UlQIERHILL and JUDITH K. UNDERHI~.L ~
or , is the taatttter hereinafter tpecifted,
-~---------------------------x~ DOLLARS
the pritteipsl cwt. st Five Thousand and no/ 100-
t: S . 000.00) with troy ~k ae the rue d9-1/~, per sat. per annum on the btJance trout tiwe to bate remainittR unpaid.
The raid priseipsl tutu itNerat shall bs Myabk is ktwtul nwaer d the railed States of Attteriu atreaidenC• Of payee
- - - - - - - - - - - - - - - Gtr at tuck plan as may hen•aAer be ~i.-sittnated by writtrn notice from the holder to the maker hereof, ua
the date sad in the taatuter tollowiu~: This note is due and payable in sixty (60) equal
monthly installments in the amount of One Hundred Five ($105.00) Dollars,
which includes interest upon the unpaid principal balance at the rate of
9-1/2x per annum. :The first payment which includes interest is due one (1)
month from date. Successive monthly payments which include interest are
due monthly thereafter. Each insta~llnent first shall be applied in-payment
of the interest and then on the unpaid balance of the principal sum.
The principal of .this note may be prepaid in whole or in part with interest .
to dat• of payment without penalty.. All prepayments shall bt applied to
the installtiient or installments of principal last maturing.
'Ills trots with ittlersst ~ stKw~ed • tttort~ase art real estue, et cyst date Iterewi~y, tttsde by the taster Ikrea to raver a tae wo
pu~ : ~.e.at.r.d and ..toad aeeordttt~ a the laws d the Rd sr~ h ~ f~
t and
C 1
~
8 for 1
S days
It default be made in the paytneat of say d the sttrns a interest/atentioaed herein a is aid mortRaKe, or is the pertarntaace of i
am d the a~reetneats coauiaed herein or w aid tnortp~e, t?ew the entire principal wm and accrued iatenst shall at the option a( the
holder hereof becotne at Dace due and colkctibk without notice. time bet'r~ ~of the essence; 'sad aid ntipal sum and accrued interest
.hill Roth beu interest from wch time until I~id at the hishat rate alh?wabk under the laws of tht fate of I:brida. f.ilure to ettercise i
chit option s?all not constituee a waiver of the ri~6t b eaeretse the ante in the event of any subsequent default. ;
Each pcrst>.t Gabk hereon whether maker or endorser. ?ereby waive presentment, protest. notice notice of protest sad notice of dis~ j
honor and agrees to par all eau, iutludirt~ a trasonabk attorney's tce, whether wit be brought a not, ir, after maturity of the note or default i
hereunder, or under raid axxtaase, counsel shall be cmpbytd Io collect this note a to protect the security of said tnortRaRe. i
a
Whenever used herein the terms "ItoWrP', "maker" and "payee" shaS be eonttrued is the sirtRubu or phual as the Conte:t may
rcyuire or admit. - '
SEAL )
Llake~ t Aadrets ~XI-eXallder • ~Zablozk~ . ~
.......:...(SEALj
908 Grandview Boulevard ..........................(sEALj
•v4 zf~~ n~s -
Fort --Fierce ~ --•p`Tor~da....-~-3~i 50---•-------.
and shall jcrjorm, comply :c~ith a?rd abide by et:eh and every the atipulati:ona,
agreements, conditions and covenants of said promissory note and of this deed, then
this deed and the estate hereby created shall cease and be null and void.
,t~tl~1 the said .,Mortgagor hereby covenacnts and agrees: -
i
.1. To pay all and singrtlar the principal and intrust and ~rther sums of money
payable by virtue of said promissory note and this nerd, or either, promptly on t)re
clays respectively the same severally Conte due. -
i
~ To pay all and sinsular tl:e taxrs, assessrn,rnts, ler~irs, liahilitirs, ~?lili6ations
f arrd encumbrances of every mature on said described property ea••h and every, and
if the same be not promptly paid the said .Mortgagee »tay at any time pay the same
urithout waiving or affeecting the option to foreclose or any night hereunder, and every
` payment so rrtade shall beacr interest from the date thereof at the racte of 9-1/27,
per cent. per annum.
J. To pay alt and singular the costs. charges and ex~ienses. inrlruling lawyer's
fees, reasonably incurred or paid cat any time by said JlSortgagee becarese of the failure
on the part of the said .Mortgagor to perform, comply with acrd abide by each and
ez,•ery the stipiclations, agreements, conditions and covenants of said promissory note
and this deed Qr either, and every such payment shall Lear interest from date at the
rate of 9-1/2~'a per cent. per annum.
~ To keep the building now or hereajtrr nn said land insured in a seem not
lP,s3 Glum the highest insurable value !
Uollurs, in u company or rnmpanies to
I be approved by said .J~lortgagee, and the policy or policies held by and payable to said
~ .Aortgagee, and in the-event any sum of money becomes payable under such policy or
~ ! policies, the .Mortgagee shall have the option to receive and apply the same orr account
of the indebtedness hereby secrared or to permit the .Mortgagor to receive and use it, or
any pater thereof, for other pr~rposes, wi`,horct thereby waiving or intpairi.ng any egrcity
lien or right under or by virtue of this mortgage, and ntay place and pay for such
insurance or a~iy part thereof, without u~aiving or affecting the option to foreclose or
any right hereunder, and each and every such payment shall bear interest from date
at the rate of 9-1/ 2~ per cent. per annum.
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