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~rDU~h°~1 t111UM1JU, t/tat if said .~Itortgagor s/tall pay unto thr said. ,llfort~scrgre
the cent
~n ~promisaory ogre, u/' u~h:ch the f~lllotri?tg in rvu~yls and Jt~ccres i.ti a ~,i~t~t copy, i
to wit: .
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$15,000.00 Fort Pierce, Florida December 3, 1979 t
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~R VAIIJE RE(:EIVID the rod~ersigged premises to pay to the order of HELEN P . BOYCE
and MARTHA B . LENNARD the sun of Fifteen 'Itroa~sand and ro/100 Dollars ($15,000.00) ,
together with interest thereon from date, at the rate of twelve percent (1270) per arotm
until maturity, said interest being payable monthly each year; both principal and interest
heirs payable in lawful money of the Utited States or its equivalent, at resident address of
payee; said principal sun to be payable on the dates and in the amounts specified below, to wit:
This rote is payable in monthly installments of Ztao Hundred Fifteen and 21/100 Ibllars ($215.21)
camrencing one month from date and monthly thereafter far one hundred twenty (120) mmthly
installments. Each installment includes interest at twelve percent (1270) per anrnm an the
~waid principal bala•nc€~.
Each installment first shall be applied in payment of the interest and then on the tatpaid
h.3lance of the principal sun. This note may be prepaid in whole or in part at any time
without penalty.
F~ch maker atxi endorser severally wiaves demand, protest and notice of maturity, non-payment or
protest and all requirements necessary to hold each of then liable as makers and endorsers.
Each maker a_~d endorser further agrees, jointly and severally, to pay all costs of collection,
including a reasonable attorney's fee in case the principal of this rote or any payment on the
principal ar any interest thereon is rot paid at the respective maturity thereof, or in case
it becomes necessary to protect the sectffity hereof, whether suit be brought or rot.-
. This itiote and deferred interest payments shall bear interest at the rate of twelve .percent (129'0)
per annum Evan maturity until paid. •
This rate is secured by a second mar•tgage of even date herer~ith and i.s to be construed and
~c?forc:~~i according to the lass of the State of Florida; upon default in the payment and such
de~ault.continues for 15 days of principal and/or interest on any rote secured by said
'~brtgage, all rotes so secured and remaining unpaid shall forthwith became due and payable
c~utwithstanding their terror. (SEAL)
(S~)
(S~)
and shall perjor»t, c•onrphl with curd abide by each and every the stipulations,
agreements, conditions and~corenants of said promissory note and of this deed, then
this deed and the estule hereby created shall cease and be null and void.
~ i .Ill the.said .•tlort~a~or hereby coveiaants and agrees:
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.1. Tn pay all and sin.gulnr thc• Prin~ipnl and intt•r~•st urr,l ~,tlr~r runts of ntorrerl 3
/,urlahle hrl r•irtur .,j s~ri~l pr~?missnrry nc,t~• and thix d~•wl, nr ~itht•r. prun?pl/rt ~?n the
~ Marys respet•tir•elrl the sunrc• scr•t•rallrl ~•~,nte• dui.
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T~, pny a!! ~rnd xir,~srrlar thc• tnx~•s, assessrnrnls, lt~r•i~•s. Jiithiliti~•., ~,Lli~utions
«?r,l ent•u.ntl,ran.ces uj r.r•ery natare ~,rr said dc•sr•rihed prop~•rtrl c•u••h antl et•r•rJ/, and
if the same be not promptly paid the said .~lort~agee may at a.ny time pay the sa.nre '
without waiving or ajj'ectin~ the option. to foreclose or any right hereunder, and ererrJ
payment so made shall Lear interest from the date thereof at the rate of twelve (12)
i per cent. per annum.
.3. To pay all and singular the casts, charo~•s and e.rpc•nscs, inc•lruling lawyer's
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fees, reasonably incurred or paid at any tinge by said mortgagee because of the failure
on t/re part of the said rllort~agor to perform, eom.ply rrit/r and abide by eae•h and E
every the stipulations, agreements, conditions and covenants of said promissory note ~
~ and tlcis deed, or either, and every suclt payment shall Lear interest front. date at the F
rate of---12---- per cent. per annum.
i To tiF•c•p tjtc~ huildiac~ r c, r• ~,r / t•rc•ajtcr on s~rid land insnrc~l in su»r nc,t
~ its highest in~urarbie value-------------------------------
lt~sx tlturr
Unllurs, in a cum panrt nr rnnr panics to ~ '
be approved by said .;fortgagec, and the policy or policies held !iy and payable to said
I~; murt6ccgce, anal in the event tiny srrm of money becomes payable render such policy or
M' policies, the .ilortyugce shall have the option to receive and apply the same on. account
of the indebtedness hereb~j secrcred ur fo permit the .Mortgagor to receive and rose. it, or
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any part tlrerc•oj; for other prcrposes, u•i'iwut thc•reliy training or impairing any equih~
l ' lien ur right uiuler or by vi.rtrce of this mortgage, and array phrce and part for such
~f instcrance or any part (hereof, rrithorct waiving or afj'ectin6 the option to foreclose or
any ri~sict hereunder, and each and every such payment shall bear interest fro~ii date
~ at tlce rule uf ----12---der cent. per annum.
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~ £~~K321 PA~E~.i47
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