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~rDUided allUllgBa that if said .Mortgagor shall pay unto the said Mortgagee
the certain promissory note, uj' tal~icla the following in words and flgcares i~ a true copl/,
to wilt:
~ ~ i . t: R act ~ _ t - ~ - ) •1 ` , ~ ~ . I ~ . sfi •
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•11,800.00 _ 79
OCtO ZK "'--'t 9 ?
a_ _ Fort Pierce, Florida,
For value received, 1, we or either of us, promise to pay, without defalcation, fo the order of r
Ifoyt C. Murphy, Inc., Real tot t
f3a Box 998
at - in Fort
Pierce, Florida, the sum of even Thousand £1 ght Hundred and 00/100_ DQIIARS
with interest from date at the rate of ~~_~,96 per annum, in _s1I1DtJ.d1,-__ instalments as follows,
s_2, jG0.00 _ on the day of 19 80 and a tike sum
on the corresponding day of each like succeeding period thereafter until the whole be fully paid-
Each instalment first shall be applied in payment of the interest and then on the unpaid balance of the principal sum. If default is made
in the payment of any instalment when due, then at the option of the holder, and without any other notice, all the remaining instalme:its
shall be die and payable at once. Priviiega » given to pay stivo or more instalments at any instalment maturity date, but this shall not ez-
tend the rime of moturity of any subsequent instolment. Neither forbearance, rwr acceptance by the holder hereof after any default in any
payment hereon, shall be deemed extension.
Each maker, surety and endorser hereof, jointly and severally, waives demand, presentment, protest and notice of protest for non~pay
ment, and further agrees to sny extension of rims of payment, either before or .her maturity, without notice to any of us; and ro pay alt
costs of collectiat, including a resonable attorney's fee in the event of any default hereunder, and hereby severally waives all benefit of
homestead and exemption under the constitution and taws of each Stste of the United State., as against this obligation or any extension
a renewal hereof.
Witneu the hand and seal of each party.
This note nay be prepaid at any tune without penalty.
(SEAL) ~ •
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and shall perform, cnntply rc•ith rrnd abide by e.rch and every the stipulations,
agreements, conditions and covenants of said promissory note and of this deed, then
this deed and tJce estate hereby created shall cease and be null and void.
.~1tt~1 the said .Mortgagor hereby covenants and agrees:
.1. To pay all anal singular the principal and i.nterext and other sums of money
payable by virtue nj said promissory note and this deed, or either, pr~»t.ptly c?n tJte
clays respectively the. same severally co»ae due.
To pay all crnd sinsular tJre taxes, assessments, ler•iPS, liahilities, ctlili6at.i.ons
and encumbrances of etrerJ nature on said described properly eo^h arul every, and
if the same be not prnmptly paid the said Mortgagee may at any time pay' the same
without waiving or af)`'ecting the option to foreclose or itny right hereunder, and every
payment so made shall bear interest from the date thereof at the rate of ass
per cent. per annum.
J. To pay all and singular the costs, chargPS -anal P,xperfses, including lawyer's
fees, reasonably incurred or paid at any time by said Mortgagee because of the failure
on the part of the said Mortgagor to perform, comply with and abide by each and
every the stipulactions, agreements, conditions and covenants of said promissory note
and this deed, or either, and every such payment shall bear interest from date at the
rate of per cent. per annum.
~i. To keep the building now or hereafter on said land insured in a suns not
less than
Savsni~-Five Thauasad Dollars, in a company or companies to
be approved by said Mortgagee, acrd the policy or policies held by and payable to said
.Mortgagee, and i.n the event any sum of monoy becomes payable under such policy or
policies, the Mortgagee shall have the option to receive and apply the same on account
of the indebtedness hereby secured or to permit the Mortgagor to receive and use it, or ~
any part thereof, for other purposes, wi`hout thereby waiving or impairing any equity
lien or right under or by virtue of this mortgage, and may place and pay for such ~
insurance or any part thereof, without waiving or affecting the option to foreclose or
any right hereunder, and each and every such payment Shall bear interest from date
at the rote of ass per cent. per annum.
a(~x318 P~~1~86