HomeMy WebLinkAbout1640 I~now All 11'Ien by These ~'res~nis, ! 3~~~`~`3
'1'H.3'1', SAM C. GAY and MARGARET S. GAY, his wi£e, `
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of Fort Pierc~ County, ~tate of FEoricla, herein~fter catlc~3 the mortgagar, ~rhich terru euic~ a!1 prouoeen~ useed
` in cc?nne~~Lion ther~with, sh~il be con~trued to include th~ ~ingular aric~ the plural, the ma~culine xnd the feminine or the
neuter, t?nd also the heira, exerutors, edminixtrator~, sur•cer~ors and assigns of the mortgagor, t~n the coatext may
reyuire, do hereb,y grant, bargsin, sell snd convey unto ATICO FINANC7AL CORPO~iATION, a Delavare
I eorporationa suthorized to transaet business in Florida, having its Ha~e Office in
; Mismi, Florida,
i hereinafter c~?Iled the mortgagee, w hich Lerm, and all pronouns used in eonnection there~i~ith, :
bha~ll be coi~trued to inclu~ie the succ~ors aud etieaigns of the mortgsgee, ax the context msy require, the fallo~;•ing
j dexribeci real est~te, ~~•ith all buildinga tu~d improvennents no~v or her~fter erected thereon, situated in For t Pierce
, in the County of St. Lucie and State of Florida, to wit:
. Z.ot 3 and the North 25 feet of I,et 4, of PRICE' S
f SUBDIVISION, accarding tn a plat thereof recorded ~
~ in Plat Book 4, Page 14, of the Public Records of
St. Lucie Cpunty, Flarida. ~
k 1`he mortgagor agrees to pay to Che mortgagee on each date upan which interest is
payable, if re~quired by the mortgage~, such amounts as the mortgagee ~aay estimate
from time to time as necessary to create and caaintain a reserve fund from which
to p~y t~x~s and special a$sessments before any penalty attaches for nonpayment
and premieims for such insuran~e as required herein when due; that payments from
said reserve fund ~or said purposes may be made by the mortgagee at its discretion;
and thaC in the refuadfng of money from said reserve fund at any time, the mortgagee
may deal with the party or parties at that time represented to the.mortgagee as the ~
owner or owners of said property.
w
itEC~IVED : IN rAYMENT OF TAX!!
DUE OM CLA33'C' ?MtANGtBLE MERSONAL PROPER7Y,
~URSUAMT ?O [HAwTEIt 20721, ACTS OF 1~4l, f
R4G iTR. , Clarlc Clrcuifi Caurt -
ai AdeM f~r Ci1 TIS M. JAMES
St. G~ei~ Tax ldeet+or ~
~y @iPt1TY CtTia(
together «-ith all and singular the easement,s, tenements, hereciitacnents, appurt.ea~ne~s and other rights and privilege;
thereunto belonging or in any w-ise ~a~v ar hereafter appertaining, ae~d the rentQ, is~;ttes and profits thereof; and ats~
a,1t apparatus and fixtures no~~• or hereafter erecteci or placed in or upon said real estate or now or hereaft~r attachecl -
~ to or uQed in cor.ner.tian ~ti~ith said real estate, «•hether ar not the same have or would become part said real estate
by aLtac}unent thereto, including w~ithout in any w•ise linniting the generality of the faregoing, all boilers, furnxces,
` heaters, sto~•es, ranges, oil burners, mantels, gas and electric light fixtures, refrigereting apparatus, ventilating or air
` conditioning system, elevators, screens, screen doors, a«~nings, blinds, windo~~• shades, kitchen cabinsts, floor coverings,
~ lo5by furnishings, gas and oil tanks and equipment, pipes, w-ires $nd piumbing, ali of «•hich sha11 be cor.sidered as _
~ annexeci t~ and forsning a part of the freehoid herebv mortgaged.
; TO HA~'E A:V'D TO HOLD t,he above-granted premi~ with all said easements, tenemenL3, here~itaments,
appurtenanees and other rights and prit-i{eg~s thereunto helonging or in any trise no~v or here~fter sppertaining unto ~
; and to the uee of the mortgagee, its succP~.~or~ and assigns, farever. f
~ THE MORTGAGUR HERF.~3~' COt'E:ti:~:~'TS with th~ mort~ag~ that the martgagor is indefeasibly seizecl ~
of the mortgaged pre~isc~,s in fee aimpl~ anci h~~ full pow•er and lawful right to sell and convey the same as afor~said; ~
~ that the mortgaged premises are free ancl c•le:ir of all liens and encumbrances except as herein othernise recited; that ;
the mort.gagor ~•i11 make and execute tiuc•h further ~srurance to perfett the fee simple title to the mortgaged premis~s '
in said mortgagee as mxy reasonabl~~ }~e requitFd; and ihe mortgagor dces hereby fully warrant the title to said mor~t-
gaged premis~, an~i erery part thereof, an~i ~~~ill ~lefc~n~i the same a{~ainst the law-ful rlaims and demands of all persons,
:~ND T~i~ \InRT('TAGOR HFREBl' C't)~'E~::~ti .~ND ACREES: ~
1. That thiy mortgage is ~i~•~r. io ~ectu•e thp performance anci obaen-ance of the covenanta and agreements
herein cant~xinecl ~nd the payment of the grincipai sum of ThirCy Tlzousa~td and No/100
Dollars
(~4 30, (~00.00 )«-ith inter~.9t therP~~r? ac~ordinq to the terms of a certain promissory note of e~•en date herewith,
executed and deli~~ereti by '~aid SAM, C. GAY ~nd MARGARBT S. GAY, his wife,
and m~e payabie to the onier of ~suid ATICO FINAATCLAL CORPOBATI~N~ at Mistai, Florida,
or At .~urh other place or piflcers a~ f:he murtgagee may from time to time designste; principal ~na iatere s t
to be paid in installments as specified in said note, fina2 pa3~rnent of said prineipal and intern~t,
if not sooner m~c~e, ta be due and payable on the 6r~t day of July , 19 gp , with inteceBt at
ten per cent.um per annum c~hile any default exiats in the making of any of said payments or in t~.e perform~
ance or ob~eerr•ance of any covenanL, condition or t?greement in gaid note, or in any inatrument naw or hereafter evi-
~encing or 9ecuring the same, and the holder of said note may apply paymente received on any amo~nta due ~bereunder
or ttnder the terms of any in9tn~ment n~«• or herPafter e~~idencing or Aecuring said note, ss auch holder may determine;
~Q~~ 120 43~