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~p ~be ttttD ta ~o1D the same, together with the tenements. hereditarnenta and appur-
tenances. unto the said Mortgagee in ~ee-simple.
~lltta said Mortgagor does c~ouenant with said Mortgagee that said Mortgagor i8 inde~eu-
sibly seized of said land in fee simple; that the said Mortgagor has /ull power and lawjul reght
to convey said land in fee simple •aa a/oresaid• that it shall be/awful for said Mortga$ee at all
times peacea6ly and quietly to enter upon, ho~d, occupy and erwoy said land; that saul land i8
/'ree m all incumbrunces; that said Mortgagor wil[ make such jurther assurances to perfect
the ~simple title to said lared in said Mortg agee as may reasonably be required; and that said
Mortgagos does hereby juUy warront the title to sa~d land and will dejend the same against the
!aw/u! cla~~ns of all persons whomscever.
~roUiDeD ttlfutt~$, that ij said Mort~agor shaU pa~+ unto the said Mortgagee the certain
promiss~ note, of which the following in wor+da and figures is a true copy, to wit:
h~NCfWltiO Itl ~ •Y7~lAN~[ ncorea.w u=.-...e r«cc
Mt~ yW -1r~T ~~K~
~ 26~Q00.00
Saint Thomas, V.I.
March 13 ~ ~~R 1
POR VAIUE RECEIVEO, che underse~t~ed, (joindr and siwenllp, iI mote than one) pranise: to par to t~ F•Stclt@ Of RALPH
f~FaVI1~Ki~ JR. ~ I~7~V~'I41 HO~I?Ni~ PPx'SoC111 ~rES~1t8t1Ve
Z~1 S1X `1'1101].Sc~rid . o~ order, ia the manaer hrreinahrr sprc~6.d,
clu priscipal wm o( ~ ~I00 DOLURti
(526, (N10.00 ) with intereu Irom da~e at tl~e ~ue d 11 per ceet, pe~ a~wm cn chc bal~ncc Irom twne to tin+e ~emainin~ unpa~d.
7h~• said pr;~dp,l ,~,d ;~c~r~e :!„N b~ p,r,bl~ p~ I~wIuI moeer oI tIx Unitcd Ststes O~ AmerKa u POBt ~£f1O@ BOOC 43~12~
1'OYt p1eY+Ce~ Fl. or at sucb plue u mar lxreaher be desq~nued b~- writcen aaice Irwn t!K holde~ co the ma4er her~of, on
~he date and iA the anaaner (olbwin~:
rive N~mdred Sixty Fiv~e Dollars and Thirty One Cents (S565.31) beclinninq on *4arch 13 .
t981, and rn the first day of each mor~th thereafter far sixty (60j months includirXt Narch
_~_, 1991, and any renaininq balanve of principal and interest to be be oaid in full at
the P~d of said sixty (6~) mrnth oeriod.
~~aker may nres~ay at anv time within the five (5) year texm of the mortqa~ctte, but if maker
dc~es nre~oay, maker shall hav~e to pay all of the inte...~st :.;aker would have had to have naid
i~ maker had not orepaid and had paid each mc~rtgaqe nayment as it bec~ne due and oavable.
't'hus, maker can ~repay but maker will n~t save any interest by nrer~ayin4.
~~ late se.YVioe charge of fiv~e percent (5$) of any mcmthly natm~ent will be a~dclecl to vrincioal
if any any paYr~ent is not made by the te~nth (lOth) day of each month.
~~n direction by payee (Seller), the mak~er shall make all payn~ts by nayinq c~ne half (1/2)
c~f the m~rtcracTe nayments to I~IIJEPH HOIaI~VG and one half (1/2) to WIId,IA~+ I~~ITNG.
This nae w~th inu~ese u secured by a mongage on real estue, d~ven date h~rewtth, made by ehe makcr herco( ie (avor o( cl~c said
F»yce, aad shaU be tonstrucd aad enloreed sceordin~ to the laws d tlx Stne ol Fbrida. Tlx trtms oI sa~d mott~age a~e by this refer.nc~
~nade a patt hereol.
1t dcfauk be made in ehe paymca o( anr ol ihe sums or interesc nxneioncd hercin or m said mortgage. or in the pcrlwmance o(
~ ny of the agr~emrtut eontaitrd hercin or in said mortgagr, thcn the eneire principal sum and ace~ued incerest shall at tht option of the hulder
I~~rco! brcome st onte due and colka~bk without notice, time be~ng o( the esxncr; and sad prineipai sum atd aettu~d u~terest shall bocl~
b~ar inarese (~an wch ~irnr unc~ paid ac the highrst rate albwabk undet the laws oI the Stste oi F{orida. Failure to exercise this option shall
na :onuiiute a waivcr of the right co cxereise thr same in che ereat o( any wbsequent dcfauk.
Each p~~rson Wbk }xrcon whether msket or rndorser, herebywaives presentment, protese, notict, notice ol protest and nocic~ o( d~shonor
and agrces eo wr aU cosis, including a reasonsb4 actorrKy's (ee, whether suit be broughr or not~ if, alcer macuritr o( chis nae or drl~ult
L; ~.~und«. or und~r said more~agr. coun.rl ~haU bc emplored to co{kct ehis na~ or to pr«r.r ehe securitr oI said mortgage.
Wh.•nrvrr uud I~crcin thr tcrms "holdrr", ••m~l-rt" and "parce" shaM b~ ru.•d ~n the singular ot plural as the cu~rx~ m~r
rrquue ot admit.
Maker's Addcas ~ °1`~~~ ", `~ a,.•C ~s~+-~~
t)112 Hiah ROaC~ . 1( , •c: / ~i ~• ~ L--
E'~tate Nazareth ~5~~~
S~. T~s,~ Virgin Island.s
(SEAI.t
and shall perform, correply with and a6ide 6y ea~h and euery the stipulations, agreenceS~~~
conditions and couenants of said promissory note and of this deed, then this deed and the estate
hereby created shall cease and be null and uoid.
.~1tta the said Mortgagor hereby eouenants and agrees:
l. To pay all and siregular the principal and interest and other sums of money pa~able by
uirtue oj said promissory note and this deed, or either, promptly on the days respeetiuely the
same seuerally eome due.
2. To pay all and singular the taxes, assessments, leuies, labilitiea, o6li~ations and encum-
brances oj euery nature on said deseribed property each and euesy, and t% the same 6e not
promptly paid the said Mortgagee may at arey time pay the same wtthout waiving or a/~eeting
the option to ~oreclose or any right hereunder, and eu~~ry payment so made shall 6ear interest
~rom the date the-eoj at the rate of 11 per eent. per annum.
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~~~ 350 P~~E 283? - ~~
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