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~rDaided ttllutt~s, that if said .Mortgagor shall pay unto the said ,Jortgagee
the certain promissory note, of to/rich the follori~ing in words and flgrcres is a true copy,
to wit:
PROMISSORY MOTE
s 7.544.31-- A ril ~ 80
Stuart. Florida - 19 -
FORVALUEREtE1VEDthe~•nderslgned promises to paytothoorderof_ Fi11RBE1._LUMF3~R COAIPANI', -INC.__
theprincipalsumot- Seven__7Yho1.lSand_riye _Htlndred For_ty_I`otlr _-and _"~1/100-_-=-----_
-_o~!!ars
together with Interest thereon at the rate of ~ per cent per annum from the date hereon until maturity, bath principal and interest being payable In
lawful moneyoS the United Stales, such principal sum and Interest payable in installmrntsaslctlows:
T~•:elve (12) egual monthly payments of SIX HUDTDRi:D S~VEDZTv NIrtI; +
and 69/100 DOI,LIIRS ($679.Fi9) commencing thirty (30) days frnm ~
the date of this note, and a like sum on the corresponding day
of each like succeeding per-od ther-eafter until the tahole be
fully paid. nRI:Pl1Yi~irry~~ Trj «HOI,R nR IP7 -I'11RT, AT 11P;~_' TI2~??:, ~•7Ir1?_IOU'~
~ PLI~?t~L'I'", TS RESE?2VI:D DY i•t?~K?~,RS .
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Such lnzta!I:aent payments shalt bo ap~'.ied first to the Interest eccrving and°r the terms of this note anA then to a reduction of the principal inQeCtrdrtss. it d±tault be
msCa in t`c pt; r..c.-,t et my ins'a'iment un3er this rote. and It such de!ault is rot made goo-) ~•eithin 3 ~ days, then the Entire principal ssm and aarued lrtarest
shall at c^ce Mccrr^ C•~e and pay~5!e e:?t:+uf rake at t1_ c, ?ion et the ho!dar(st of this note. pai!ure to exercise!hisepticn shall n;t constitutao ~:airer ot!.`:: right t~ex-
erctsetha_~r..~a'ala'ert:.r.^ cr:he__...ed_!auttoranye~.~t?_^q•.: ~`detault.
The makers t^j En~^rc^r of t`is r.a± tvrt`er afire, to ~•:1'ee Cc:rand. nonce et non payment and protest. and in the event sv!t shah ba t+rcuc~fit ter is ccllx!!on
hereet, or t!:e str.:^ has to tr_ cc!'cctc~ c;^_n demand ct an ettcr:.^y at lari, to pay a!ice;t cf cN!ec!ton InNuding rcasanahlc attorneys' tees tar r:at~r.~ t,!th Ec!itc!!cn.
A!Ipeymert;f:Ereur.~^: s5~'IQ^r. ir.tcrestati':era'ee',,,,Q-_p~rcen!p^ra.^.nunfremraaturityvnti!pa!d.
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crsvchethtrp!tceest:t:~il b^d^s'gna'rlbythsho!der otthtsnateinwriting in ~ 1--- _ ~ I~`"
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and shalt perjorm, comply tc~ith ar:d abide by each .and every the stipulations,
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.
f ,~tt~ the said Mortgagor hereby covenants and agrees:
.1. To pay all and singular the principal and interest and other sums of money
~ payable by virtue of said promissory note arrd this deed, or either, promptly on the
days respectively the same severally come due.
- Q. To pay all acrd singular the taxes, assessments, levies, liabilities, obligations
and encumbrances of every nature on said Described property each anal every, and
if the same be not promptly paid the said .Mortgagee may at any time pay the same
without waiving or affecting the option to foreclose or any right hereunder, and every
payment So r~tade shall bear interest from tt~.e date thereof at the rate of
per cent. per annum.
To pay atl and singular the costs, charges and expenses, including lawyer's
fees, reasonably incurred or paid at any time by said .Mortgagee beearese of the failure
on the part of the said Mortgagor to perform, comply with acrd abide by each and
every the stipulations, 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 nine per cent. per annum.
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To keep the building now or hereajter on s~rid land insured in a sum not
less tlusn
Dollars, in a company or ronapanies to
be approved by said .Aortgagee, and the policy or policies held by and payable to said
Mortgagee, and i-n the event any su.m of money 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 u~aivang or affecting the option to foreclose or
any right hereunder, and each and every such payment shall bear interest from date
at the cute of nine per cent. per annum.
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