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HomeMy WebLinkAbout2627 ib3i 20 rNfE520 ST. LUCIE COUNTY. FLA. .- -- ..-",-.-. .,.. BIS ~ DI QInn ~c .ecY~ eoapl1aac:CI "lt1k u4 th pertOl'WMCa of tile obll.tloa. ... c-n~. iierein at .. JIort..-r aat to HC'lI:.t'e tM J&1MD" of ~,OOO.OO with "tee.t ~erectD tI'9Ii Ic-pt....er 1-.-' 1961., .." ~e rate of . 5-3f#f1, per ..va em tU UJ&1cllta1&-ac. .,u: JI&U, eA:ceNal - the "I'M of one cert&1A ~ ... gA'... ___ MvUc tIftQ taw Ilwwltll execut.. 87 JIortpcon (ieeorporatM k-.1a 'atl ntenDc., 1._ 1len&t'MJ' wUl __ calle4 "1IAIftll ~..a "~.) It the prine1p&l Ilia &a4 inure.' an pail ... in the WOft aoellWr1"BR )I)~ acrn4 aU. tae meMat'. aDd a.areaent. berein contain" are tull;y lr..p~, pertorll84 &Del cClQl1e4 wlth, the ,*b )t)r\.... u.u. " tiac..........J ~ it .. .., . J8rAUL'f as ..:tin... 1D the IIA8'fD JI)I'lQMI 8bl\l1 DTe Menln" .4' D. cont1Dv.lnc, the vbol. ..owlt of _11 pr1ncl,el .. rV'''Ilil\lupa14, toptMr with tM 1D'\ere.t, alaall, at 1ille optlol1 of Ji)rt....., 1t8 '\lCe...on or ....1.p., " ~ to baYe ))ec:oae 4u. wlthout IIOtlce, IIOtic. ot well optlol!l lama hereD7 upft.~ va1vecl acept ... pro- T14ecl tor 111 the MAft'D JIa'!lCWIW aal JI'OCeecl1np ~ 1M 1D.tltu," b7 tl\e IIort&&*" for the recovery ~nof b7 tonclonre ot 1ibl. ~, or 111 Wi7 other .-nile!' pend.tte4 ., l&v ... the )t)rtppe -.:t elect, ~ 1D 1ih1a ~ co.~e4 to the COI1'trat'1 taaerrio IlOtNl1iht'-41Dc. 1Jpon torecloaun 'er 'tibla IIDrtaaa., t1ae IIort..... ahall be &llOVK ... .. part of the iDa-bt..... .ec\l1'e4 laereb)", anel tIl. Nortpaor ~ to JI'IJ, IJ.l co.t. &D4 ape.... 1nc\D'r" in cODII.c:-Uon th.rewlth, 1ndu41D& reuaoUl. ..tton.)"'. t..., co.t ot tlU. aD4 tax .-.z-.J1 &Del th. uteDl1Ol1 to dat. ot aD unn.ct ot UU. or \1\1. poUC7J emd. ill ca.. .llcb toreclo.u....... pro- c..41Dc' &N ..tU" 'betere ~e C:OD.~Uon tbcreot or ~. -t17 of Ju4pleDt, ~ auela co.t. aDcl UiP8BHI ant ot.ker dtal'p. H 1Dcurrel, 1nclu4.1ll& a reuon&bl. .~torn.7" tee, Mall J1ev.rthe1... .... pail.. 'BMI JIort.... or uq P-rl;r: 1n int.rut, be1Dc the hip..t b1cJ4er, ~ be .. JlI.1'chuer ..t wq torec:lo.ve 1&1... An7 .l.ctlon "'1' the Mort..... u beniD proYUH tor aT De exerc1.... u..u..'\el7 llpOD tbe OCCl.U'eIIC. of .AI ~ ~ "ADLT, or ..t &D7 ~1ae th.reafter, ..4 noth1.n8 IAall b. conl'true4 w be a va1Ter o' 1\\Cb. riaht \IDl... eviUuce4. 87 u 1utr--.nt in vrlt1n& to that effect 4.ul7 eDC1lte& ~ _. ~e<- !be IIDrtpeor Y&1".. &ll r1.pt of heM.teat .... UlllJPtlol1 INDtH lal ~ Coutltut1ora aD4 La. of norl4a. AD '!lIB )D~~ IVIUIIaI' ~ AD ~I - .;~ 1. !o 1/<<1 tlw l'Z'1Dc1J&l in4ebte4ae" with 1D\ere.t u 1A the 1IO'm proT14ecl. 2. To pay all u4 '1ncalar '\he coat., char"" UJeD'" &at ..ttern.,'. t... ~D&'b17 1Dcurre4 or JI&14 at ~ t1M _, th. Mort..... beclLWle of &n7 d.efaul t ... to &Q7 .~lpula\1oD, acrauul'l" .... cOYaut of tile 1fO'fI &Del tll1. ~, or .1ther, or in &D7 .u1~ or JIl"OC.e41.na ..'t 1_ or in, .quit)" to vhich the Mort.... .hall 'be u4 'bec~ .. J&I")" in reference w tile JIlartp.aor'. 1ntere.~ in tll. prell1.... her. in 1IOr\pp4, 01' 1D .U+.ah,DC tb. Un or pl'loritJ of 'taU. IIGrtpceJ tbe .-owat. of ~ nch con., cUr"', 8QeD'.' an4 t... ,ball al.. be u.e4 .. char,. ..A 1nc1eb~... .ecuncl Mreb7 ..4 "bMr 1n'hren at '\be ... rat. ... th. pr1nc1pl 1nc1ebt..... . 3. It aD' waf! ~ DWAUL'! 4et1ne4 111 t.M MA8'!D JI)]t'1'QAGK or .OTB ah&ll hav. occurrecl anel be CODt1.ma.1q, the Morta&I- 11 upn'8l7 I1Teu tile ri&llt, which -.r 'be ex.rel.ed at &D7 ti8e 4ur1n& 'the ex1.tene. of AD7 .\Idl .va'! or DD'AUJ:r .t. 10 lcmc ... aa .oft at .,.,A1IJ/l 1lUJ.1 u1at, 1;0 tab ,......1011 of &Del 8014 tIl. prem...., ritll. or y1~" proe... at laY, u.4 collen u.. ne.iT. \he reay, 1..ua an" protit. theretroa, ,,1t.h or Y1~ut 'iak1zc po....liea of *- pr881a.., ... to ..pl., tU reDt., t..ue. ul protlt. 1;0 tile ~ of upeu.., daar... u4 ..)\01t. Au. AIl4 papltle UJ:l4er ~ p:rfIY1Il011. or \U lOB aa4 th1I IIort.... !U MortasPr ....ipa &111 tJ'&D8fen UIl"to the 1Iortppe, ta. ftuh, 1..._ .1. ,proti't. fit ~e p-aa1.e. tor the Pur>>O" atorea&14. 'tbe tak'1IlS of .......lOD of ~ prea1.a.. aD" 'toM coll.ction of ~e rent. ~7 the Mort..... 8hall ::I.a no v~ val.... tM ript ot Ut.e Mort...... ~ ror~o.. th.1. Kort~ 'bec&u.. ot .. Ie \U 10. .... ......-.- - . . # , .. . II " . .~ . , , .... . :. . . . - , . , . . . . . ~ , . . . - . " . .. ~ ~........