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LEMMA S . WALKER, a~
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ELEVEN THOUSAND AND NO/100---------------------------------------OOW?ti,
Jensen eat Ban , P.O.Box 7, Jensen Beach, FL 3457.. e,~ ail., ilia.. w. u.y«
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wlawa wwil Tw eeir ewr gee ~.y.wa in equal monthly installment
of $126.27, the first of which shall be due and payable on the day E
of , 1980, and each succeeding installment of which s a r be
, due an pays le on the ~ day of each and every month thereafter until
fully paid. This note may be prepaid in whole or in part at any time .
prior to maturity without penalty.
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/s/ Joseph W. Herzog awuu
CD ~ Joseph W. Herzog ,u„
J /__s/ Ca__rol C_. Herzog ~
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Carol C. Herzog ~
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and shall duly. promptly and fully perform, discharge. execute. effect, complet~+, comply with and abide by each ~
and every the atipulatlons, agreements, conditions and covenants of said prom~seory note and of this mortgage.
then this mortgage and the state hereby created shall cease and be null and void.
It is understood that each of the words, "note: "'mortgago:+• and "mortgages" respectively and the pron-
ouns referring thereto, whether in the singular or plural anywhere in this mortgage. shall be singular if one only
sad shall be plural jointly and severally. if more than one, and shall be masculine, feminine and/or neuter, wher-
ever the context so implies or admits.
Md said Mortgagor for himself and his heir. legal representatives, successors and assigns, hereby oovea-
eats and agrees to sad with said Mortgagee, his legal reptesentatives, successors and assigns:
1. To pay all sad singular the principal and interest and the various and sundry sums of money payable by
vlrtus of said promissory note, and this mortgage, each and every. promptly oa the days respectively the seals
severally become due.
j To pay all and singular the taxes, assessments, levies, liabilities, obligations and lncumbrtnces of every
astute and kind now on said described property. and/or that hereafter may be imposed, suffered, placed, levied
or assessed thereupon, and/or that hereafter may be levied or assessed upon Ws mortgage and/or the indebted- ;
! Hess secured hereby, each and every, when due and payable according to law. before they become delinquent,
sad before any interest attaches . or say penalty is incurred; and in so far as any thereof is of rernrd Lhe cams
shall be promptly satisfied and discharged of record and the original official document (such as, for instance,
the tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said
Mortgagee within ten days nezt after payment; and in the event that any thereof >s sot ao paid. satisfied and
discharged, said Mortgagee may at any time pay the same or any part thereof without waiving or affecting ~
I any option, lien. equity or right under or by virtue of this mortgage. and the full amount of each and every ~
such payment shall be Immediately due and payable and shall bear iatereat from the date thereof until paid
at the rate of ten per centum per annum and together with such interest shW be secured by the Hen of this
mortgage. i
s. To place and continuously keep on the buildings now or hereafter situate oa said land fire and windstorm
insurance in the usual standard policy form, in a sum not less than =full••.inSUrable--.dIIlOtljn sacll coin- i
parry or comp^nies as may be approved by said Mortgagee; and all such insurance policies on any of said build-
ings, any interest tt?erein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the
usual standard mortgagee clause making the loss under said policies, each and every, payable to said Mortgs- ~
gee as his interest may appear. and each and every such policy shall be promptly delivered to and held by said
Mortgagee: and. not less than ten days in advance of the expiration of each policy, to deliver to said Mortgages
a renewal thereof. together with s receipt for the premium of such renewal; and there shall be no such insur•
ante placed on any of said buildings, any interest therein or part u?ereof, unless in the form sad with the loss
payable sa aforesaid; and in the event any sum of money bernmes payable under such policy or poUcies said
Mortgagee shall have the option to receive and apply the same on account of the indebtedness secured hereby or
to permit said Mortgagor to receive and use it or any part thereof for other purposes without thereby waiving
or Impairing any equity. lien or right under or by virtue of this mortgage; and in the event said Mortgagor shall
for any reason tail to keep the said premises so fnsurnd. or fall to deliver promptly any of said policies of
insurance to said Mortgagee. or fall promptly to pay fully any premium therefor, or in any respect fail to per-
form. discharge. execute, effect. rnmplete. comply with and abide by thU rovenant, or any part hereof, said Mortg-
agee may place and pay for such insurance or any part thereof without waiving or affecting any option. lien, i
equity or right under or by virtue of this mortgage, and the full ac»ount of each and every such payment shall
be immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per '
centum per annum and together with such interest shall be secured by the Hen of this mortgage. ~
4. To permit. commit or suffer no waste, impa[rment or deterioration o! sold property or any part thereof. $
6. To pay all and eingular the costs, charges and expenses, including reasonable lawyer's tees sad cwt of• }
abstracts of title. tacurr+ed or paid at say time by said Mortgagee because sad/or fa the event of file failtn~s
oa the part of the said Mortgagor to duly, promptly and tally perform. discharge. executq, effect„ completer ~
comply with and abide by each arm every the atipulatioru, agreements, oonditlons sad covenant of said promis- t
sory note. tad Ws mortgage, any or either, sad sold costs. charges sad expanses, each sad every. shW bt im- ;
mediately due sad payable. whether or not there be notice. demand; attempt to collect or suit pending: and the
• full amount of each and every sucb payment shall bear interest from the date thereof until paid at the rate of
ten per cesium per annum: one au Bald costs. charges sad expeoaas eo incurred olr psis, together with such 1a- c
terest, shall ascursd by the Hen of this mortgage.
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