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HomeMy WebLinkAbout1092r-osrsw•s t+sw t+e~wy f~ ~ ~. • w..i.e«.r ..r sK~r...~.uM w. ~. or. c....n ~» ~ $ooK ~$ P~~392 ~ ~ . IUCIE UNTr, FLA. ~ Execut.d the Twenty-ninth day of December A. D. t961 6r FRANKLIN A. HARRIS and VALERIE Y. HARRIS, his wife 721 Quincy Avenue, Fort Pierce, Florida herethajter enlbd fhe mortgagor. to HARRIS CONSTRUCTION.CORPORATION, a Florida corporation, 2811 South Fourth Street, Fort Pierce, Florin hsreinajter called the mortgagaa: l`wr~ess.er ~ ~..d. dr ,a.. ' .d '•.«t~.~a." t.dd. ar d. p.B. w dt. ~w..ei d d. Ldn. ~•s~ n}.aewuti.a aaa ~u~..a ,~...ese.e...d ..ts.. at o.roarbo..:..a tb ~.... ".o.e" u.cirde. ,r ve .ote. `e.e;.~aisea tt .... «r•) . ~~ntut~, that jor good and ralua64 onnstdarattons, and nlsn in eonsida-atton o/ the aggn- gafe,iwn named in iha promissory note of awn date herewith, herainajtn described. the mortgagor her- by gnarls. bargatru, sells. alWru, nnnisas, oonwps and oonjtrnu unto the mortgagee all the certain land of which the mortgagor is now seized and in posseuton situate in S t . Lucie Countp. Florida. niz: The South 25 feet of -Lot b, all of Lot 5, and the North 5 feet of Lot 4, Block 4, St.•James Park, 'es per plat thereof on file in the Public Reccorda o_f St. Lucie County, Florida. This conveyance is also aub~ect to s reservation for utility and drainage over the easterly 8 feet of the above described premises. It is agreed by and between the parties hereto that the Mortgagors herein shall sake the payments called for in the first mortgage now encumbering this 'property to the Mortgagee herein, which Mortgagee shall in turn deliver said payments to the owner of the said first mortgage. Failure oa the part of the Mortgagors herein to comply Kith this or the following requirements hereby authorizes the I Mortgagee to•accelerate the unpaid balance of this mortgage as hereinafter provided. It is further agreed that the Mortgagors herein shall not permit additional encusbrances to be placed against the. above property for • a period of two years iron the above date. Also the Mortgagors agree to keep the above premises in a state of repair and cleanliness satisfactory to the holder of the first mortgage now encumbering said property. It is further agreed that the Mortgagors herein fill allow the Mortgagee at some later date to re-finance or re-arrange the first mortgage on this property in nay way ao long as it is not to the financial loss of the mortgagors. The Mortgagors further agree to sign any papers at Fisst Federal Savings and Loaa Association-of Fort Fierce, which might be necessary to the re-financing or re- arranging of said first mortgage. - It is further agreed that the--oortgagors herein will. at any time. at the request of the mortgagee herein., scknowle~ge this mortgage and the amount of remaining principal due hereunder in writing, on a for. provided for this purpose by ,the mortgagee. Thb purpose of these statements will be for annual audit or special audit prior to sale of this ^ortg age. THIS IS A PUBCflAS6 YU~y Y[-BTGAGE. . , . ~ ~; „ F., . 06 .~,M of taoa err able PmaotwnPror putsiaat 10 t~~~A~vl~issl. , t-~ , .. . ~ . , `~ . Mt ~ Nt~t, Lsoi~ . fMrlls • ; . 11 - ~. d ,~-. tfe:i '. ~ :jam ~ ':.. • ~. _. _. r_