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~rtfU~~lpd ~t11UM1,jB, tltat if said .+~tor#,Qagor s)utll pay tt~:to thP sai~~ ,l~tort~agee
the certain pronaissoriJ no~e, of wliich the fotlotvirag i~t worc~s and itg~cres is ~a triee cup~,
to ~71it: . . , •
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~~~:t~-?,.b00 00 . Fort Pteroe, Florida
N~Vember 8th, ~q 87
_ For ~value reteived, ; l, we or eiiher of us,~ promise to pay, . wiihout defal~c,~ation, to the o~der of .
G~_ S 'Walters . .
~ . . at ~(05 _Florida Avenue in Fort
~ _ - . ~ ,
~ P~erce, Floride,~the sum of Seven ~hQusand Five Hundred and N~~100------DOLLARS
i' . ~wfth, intereat from date at~.ihe ~ate~of 1~, ~ '%..per annum, ln monthll'r•.; instalmeMs as follows,
i ;SY I75. 00 on the ~ 1$t ~•~day of • November, L±~~q 87 and a like sum
: ; ~
on tha.r.orresponding day:of _each Ifke su4ceeding pariod thereaRer unti) the whole be fully paid.
. Eicf+ In~htmint ftnt,sli~ll be ~ppihd tn p~ynwnt of tht intKat u~d then on tM unpaid balanca ot tM~"pilncip~1 sum. If def~ult i~ msd~
In_ tM p~ ir»at of ~ny Inst~lmMt wMn dw, tMn at tM optioe of th~ hoWer, sad wi~hout ~y otMr notios, a0 tfis renut~tnp inialm~ets
: ~Fuil M~ u~d p~yabk ~t onc~. Privil~ is 9iv~n to p~y two or mor~ irntalm~r?tt at ~ny G+i~~im~nt matu~ity d~t~, bvt thit ~hall nol ex-
fend tlw tl+n~ of .molwiy oE ony.wbsequsnl in~alm~nl. N~iihK f«b~u,nc., no~ atctptsnq by tM hold~~:h~tsuf ~h~r any debvlt in sny
. paym~nt .Mreon;~ sM11 bt dart~ed ~xtenuon. . • 's; ~
Eich m~kei, iunty snd a?dors~~ h~rwf, ~otntly and ~ewrsty, w~ka d~msad, pnseetrtNn~, protest and~ ratic~ of prot*st fa norrpiy
msef, ~nd fu?tMr pt~a to any exteosia? oi tirn~ of p~yrt~?t, ~i~Mt Mfo~~ o? ~her maturity, without notic~ to any of ui; snd to pay ~il
, caa~~ of ooll~ction, inclvd'inp a nsooabb anomsys fM In tM ~vent of ~ny d~f~vlt Mr~und~r, and fiereby'swerally watves ali 6~n~fit of
_f?om~stead u+d ~x~mption w~dtr tlw cautitvtion and bw~ of each St~t~ of 1M Unit~d St~f~t, ~s tyainsfFthi~ obl~patio~ a sny ~xtension
ar reotw~l hstwf. • . . . , s.-
. , Wttntu tM hend. and. sa~l of Nch puty. r: ; .
~ Thfs note may be pr~paid at any time without penalty.
. . .
' . . . '
` . , - .
; ~ . - - ~ ~ ~ ~
f ~ . _ . ~
, . _ -(SEAL)
~
~ . MAMIE DODD F~~
~ ~ . <<' .
( . . ~ `(SEAL)
. ;r
ancl shall ~erjo~na, co~nply with nnd abide by e~cli. and euery t)ae stipulations,
~ a~reements, conditions and covenctnts of said promissory note acnd of this deed, then _
~ thi.~ deed and the estate hereby created shall cease and be nult a~id void.
,~21~ the said J~Iort~a~'or hereby coaencznts acnd agrees:
.1. To pay all and sin~ular the prin.cipal an~~ interest and nther src`m.s of mone~
' payable bJ virtue oj said pro~nissnrJ notc~ and this ~lee~l, nr eitlter, prom~~tl~ u~: the -
da~s respectiUely the same ser~erally co»te diie.
Q. To pay all and si~z~ular the taxes, assessments, lei~ie.s, liahilities, ~,btigations
a~r.d encumbrances oj everJ nat:~re on said described propert~ ear.h a~td every, and
if the sccme be not promptly paid the said .hfort~c~gee rrw~y at a~a~ time pay the sacme
without wairrin~ or afj'ecting the option to foreclose or c~ny right hereu~ader, and every
payment So made sluill bear interest from the ~.r~cte thereof a~t the rate of 12$
per cent. per ctnnum.
?'o pab all and sin~ular the eosts, chargP4 an.rl expenses, including lawyer's
fees, reasonahly incurred or pacid at any time by said JKortga~ee beedtcse of the faiture
on the part of tlr,e sdul .ASortga,~or to perform, compty with a~td abi~e by each and
every the stipulcctions, ca~reements, conditions and covenants of' said prumtssory note
cand this deed, or either, c~nd every sueh paym.ent sluttt bear i~terest from date at the.
rate of 12 $ per cent. per annum.
To keep the buildirt~ naw or hereajter on suid land insr~red in a sttm not
less than full insurabZe va2ue
Dvllurs, in a corrtpa~r~ nr cvmpaiaie.s to
be approved by sc~id JKort~c~gee, and ~he poticy or policies held by and payable to sccid
JKortgagee, and in the event any swm of monp~ becomes payable under such poticy or
policiea, the .hlort~'oc~see shall have the option to receive and apply the same on account
of the indebtednesa hereby secured or to permit the JK'ort~acgor t~o receive and use it, or ;
any part thereof, for other purposes, wi.',hout thereby waivirc~s or impairing any equity
lien or ri~ht under or by virtue of this mortga~e, and may pla,ce dnd pay for such
insurance or any parE thereof, wi~Chout u~uivin~ or af~'ecting the option to foreclose or
cany right hereunder, ccnd each and every such pcayment Shall bear interest f'rom date
at the rufe of 12 $ per cent. per acnnum. •
BO~K ?1,G~ v~~~ ~