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The Morigagor berbb~ COrQnAatta with the M that he ~~r . g~,~i~d laDd is fee
or such other estatst J any ~ is stated herein; tha4 bas lull pouter ai~dp aul right to ~aare~ the same
r e~rasid; that the land m free ~n all socumb~ranosa except as l~er~ein otherrrias r+soiteJ; tLa4 eaid~iortgagur
~wbiUjm~eagka such fult~66r ass~u~snoes to prone tho aEormsid titi* to wed laced in said Mortp~a as may bs reason.
end wilt defend aaa~e Mortgagor does berry i warrant the tide to said Land, sad every part tl?ereot,
against the lar+fut claites of~ peep whoameoever.
Paortasp ALV?ATS that It the Mortgagor sha11 py mto the Moetgagw that certain promissory Hots. oI
. wLiob the folbwiog is.a sulNtaotial copy, to wIk . -
~ 41,100.00 ~ Port St. Lucie,a•
Deceaber 21 ,19 fig.
Fos Vi?LVS lisctnnsa~„ tbs usdanigaed promies(s) b pcU? b V11NTl~sB lgRTG11Ge ASSOCIATBS: INC.,
a Florida Oorpo~ration
• a eoeporatioa apoissd and esfsfisg sailer t6s
laws of Fl rids ~ , a ceder, the prinaipai snm of Forty-one thousand Une hundred -
. and 00/10g----=-------------------.•»----~ 41,100.00 witL iaterent from dates at
the rata o! eleven and one~alf----per eentnm (u. s9~ per aarwm an the aopatid balsas smtd paid.
The said principal sad interest ehaD bs pUrable at the aloe of southern lbrtgsge Associates, Inc. ,
-1999 Sil 27th 7lirenue - - - ~ .
in I~iani, Florida or st such other p~iaes m the balder may derigoate is writing
delivered ar mailed b the debtor, in moathb? inetallmeats at Four . hundred seven and 30/100---~~
(i 407.30 cn the Brat dyr of - February , 19 i3o , aced on the
Brat dy of each month thereafter until this note is fatly paid, eviceept that, d not sooner paid, the final payment
of prriaeipal sad iatenst shall bs sue aced pyabls on the first dU ~ J~~, ZO10
Priiilegs is reserved b preps at any time, without premium orr fee, tie entire indebtedness or W part
thaeoi sot less than tha aasorest os ors iosta9msat. or oaa handed doNsrs (1166.09). w6khs+rc Is las. hapsyswat to f~nq -
s>tdl ba edited oa tba data. noaired. lartid R other than op atr iastalhsent dae dati, seed sot 6~ arditsd until
" the aezt ialtowhrg ioatallmeat duce date or thirty days after s+rdr prep meat, whieltsrer is sadist. -
Ii saJ defloienc~ is the pa t et any installment under this nova ia_not made good prior b the dus_ date
ed the nest such iastallateat, tbs entb+s p~ sum and aecrrned interest shall at onoa brooms dne and pq~
able without aotiice at the option of tbs 6 of this note. Failm+e to eserci~s this optical ~bsll not eo~tnts
a waiver of the right to eser+c~ss the same is the event of say snbsegnmrt defsutt Ln tbs sweet of default in the .
payment of this note, and if the cams i. collected by cell attorney at Lw, the nadcrsigoed hereby agree(s) to -
pay all costa of collection, including a rerisonable axtornsv'a fee.
This note is secured by a~~~ of even date esewted by the vndersig~ried oa rentals property described
therein and, repe+esents maaey wally used for the acquisition of said property or the improvements thereon.
Presentment, protest, sad notice are hereby waived.
fsa/ 11is~rrr,1Q Zt~ MiClr~~ [ttiAL~
~i~.U.S 8.
_ -.'•w; -~rosa x. u3,::o=----- Imo]
. _ TSItBSA R. MICI~Y
I~t,
~ - [SSAL~
And shall duly, promPtiy, aced fully 1~~, t0. eQed, complete, and comply with and abide
by each and ever)? the stipuLtioos, and covenants at said promissory note and a! this
~ mertgaae, then tbrs nnortgaae a~ the estate hereby created shall cease sad be nuII and void.
The D+lortaasor further ooveaaats as follows: .
1. Thst he will ~ty' the indebtedness, as bereinbdore prondded. Privr'legeis reserved b prepay at any time,
without premium or .ee, the more inckbtednees or any part thereof not lees the amount of oat instahmeat, or
one hundred doilaa (:100.00), whic6erer is less. Prrpayrneat in toll shall be aedted on the drte receirrd. Police)
preprryment, other than on w installment due date, need mot be credited until the nest foUowin= installment due date or
thirty days after saw prepayment, whidie~ is earlier.
2. In order more fuDr to protect the security of this mortgage, the Mortgagor, together with, and in
addition to, the monthly payments under the terms of the :.ote secured hereby on t e fast day of each month
anti! the said note is fully paid, will pay to the Mortgagee, as trustee, (under t~e terms of this trust as herein-
after stated) the following awns:
(a) A sum equal to the ae+ound r+!ata, if any, Hart due, plus the premiums that will neri become due and payable
cn pdicies of fire and other hasard iascuaaoe covering the Property, Plus traces and assessments
pact dire on the mort~ed property (all as estimated try~ortgasee sail of which the Mortgagor is
notified) lees cell enms aleaady paid therefor divided by the number at marths b before one month
prior b the date whoa anch Ground Hats, premiums, lases, sad aeeeesaaats heowne ddiaquent,
~ awh same b be helu by Mort~eeiatrnatbpayoaidgroundreats„premiums,twres,sadapeciaiaeae~nenta.
(b) Tte ag6re6ste d the amounts pursuant b eubparagnph (a) and tbase ppssyya~~ an the note searr+ed
shell be paid in a sim~fineat asrh month, b be applied to the ~fillawing hams in the order
r m Ground rer. ts, lases, aaeeasmeats, fin, and other limard insurance premiums; -
(In iats:+eat oa the note secured hereby; sad -
~ (IIn amortisation of the principal of said note.
Any deficiency in the amount of such aggregate monthly payment shall, unless made good by the Mortr
gagor prpr b the duce date of the next such ppaayment, canstatute cell event of default under thin mortgage
At Mortgagee's option, Mortgagor will pay a "fats charge" not exceeding four per centum (4%) of any install- ~
: meat when paid more.tban )tees (15) days after the due data thereof b cover the extra expense involved in ~ao
handling d rnquent ~ayy~meents, but such "late charge" shall sot be papable out of the proceeds of any sale
made to satisfy the rndebtadneas secured hereby, udess wch proceeds are wf6cient b discharge the eatirs
indebtedness and all proper costs and expenses second thereby. ~
3. If the total of the pati meets nrarlp b~ the Mortgagor under (a) of paraPraplr 2 preceding shall exceed .e
the amount of pavrnents actuslly mu1P by t u Mortgagee, as tnrstec, for ground rents, taxes arrd assessrneats,
: and insurance premiums, as the case may be, such excess shell be credited on subsequent psyments b be made
by the Mortgagor for suPlr items or, st Mor±gsgee's option, ss truster, shell be refunded to Mortgagor. U, ~
however, such rcwnUdy payments small not l,e suffirient to par such items when the same sha11 become due
and ppaa~~rraabk, then the '.Mortgagor shall pay to the Mort , ns, f raster, am amount necessarryy b make rep
t the deficirnev. Such pa~-ment shall be mule wifhin t th ~
h.~~(Oj ~wis after written notice from c Mortgage
statinx the amount of the dafidenc:v_ which neti,•~! true hw.011~1f'If~-mitt- Tt a! ~nr e...~ a6., u..~a.__..-- _L n