HomeMy WebLinkAbout2955 25-F-4587~ '
= MC~RTG,AGE TCi SECURE HaTE 4,
~LCNtIDA ~ ~
THIS MORTGAGE, made th« 2~h , __~3~y of~. ApI'iI 196~_ ,
~
~y D9i].lie ~Ieredith
o~~.~S~_~..5~:.•:L1~O~C-;(,~y?untx _ , Florida, hereina€ter called Mortgabors,
z~ Republic__ Ganstruction Co . , Inc . _ _ _ _ _ ~ ,
i~creinaf cer called Mortgaga;
~1'TTI~'ESSETH: ln consideraiion of the principal sum sec ~u~ in tht prom;ssory note of even dact herewith hereinafter
~escribe~, and far other viluable considerations, ths Mortgagors do heraby grant, bargain, sell, alien, remise, release, conFey and
confirm unto :~4~~r~gagee, its successors ~nd auigns fonver, the following described property, situzte in- ~~..~'~.~._L~Ci~___._
Councy, Florida: 'Lot 15--B~ock b Wes+wood ;~nor-St.Lucie County
~
RECEIYED = IN ¢AYMENT OF TRXE3 r r___`._._.. ~
DUEOk CIASS'C' INTANGlBLE !?ERSOkAL PROPERTY,
~URSUANT70CHAPTER20724,ACT50FiD41, 41 STATE ~~..-a~~DA
ROG' R POiTRAS, Cierk Circuit C~vrt ~ F,~',,, pQ~l1MENT p" 'S;AMP TAX
as Agent far CU~TlS M, la~~,5 .1 ~ - Jl~i~'6S!` w~?+'` ~
St. lucie CouMy Tax Colts~Mcr ~ ` Z 7 0=
6A V CC~MP7AOLlER a oa
By.~._ "`x7L~e4..~~ ~B.19Q138
DEPUTY CLERK
TOGETH~R WITH all ~nd singular, the tenements, here:ditsments and appurtenances therevneo belonging ar in an}~wise
,ppertaining and the rents, issues ~nd profits thertof, and also alI buildings, structures and other improveme~ice no~v or hereafur
situate :hereor,.
TO NAVE AND TO HOLD 'an fet simpls th~ s~iove granted and descriE~ed preinises uncn Martgagcc, iu successvrs and assigns
forever. The h4ortgagors heraby covenant with Mortg~gte that they sre indefeasibly seize~ of said land in fee simple; that the
h3ortgagors have full power aad lawful right to tonvey the same in fee sirnple as aforesaid; thxt it shall be lawful for Mortgagee,
its successors and assigns, at all times peaceably a~d quiecly to enter upon, holci, occupy and enjoy uid land and every part thereof; ~
chat said land is free from aI! encumbnnces; th~t the Mortgagors will make s~ch further ~ssurances cd perfect the fee simple
tit:e to said tand in Mortgagtc, its succetaors and assigns, ~s m~y reasonably be re~uired; snd that ~ht Mortgagors do hereby fully
R•arr~nt che title co said la~nd and every part thereof and will defend the same against the lawful ciaims of all persons whomsoever.
PROVIDED ALV~AYS, that if the ?dortgagors shall: (1) pay unco :~iortgagee chat certain promissory note, exeruced by them
con¢urrtntty herewith; in the sum of~ tho =~n~ 5e1en 33unrlr?~,~?~~1~y-'T'}~r p u~~r~ ?~~l QQ ~__Doilars
( S ~7~ said sum being payable in monthly installmcnts of each, thr first inatallment due on
thr `~th ~_.__day of ~!-~l`~_ , 196_..`~_, and an addit?onal installment to be paid on the-~;is~h -da}~
of each sucteeding month ihereafter (ot an the last day of any sueceeding month ~hich has no s:?ch day) until sa,id sum has b~en
paid in full ezcept the final installment sh~ll be the balance due and (2) perform all che c~v~nants and conditi~ns of said prom-
issory nou anc} aay renc~ral, txunsi~n or modification thereaf, and of this mortgagc, chen ch;s morcgage deed and the estate creat~d
~ here~y shall cease and be null and void.
t The Mortgagora furthsr coven~nt and zgree to and with ;vSor~gagec;
1. To pa~ gtomptly t6e printipal aad oiher sums of rnoney payable by virtus of ~aid promissory r?ote ~nd o£ ch~; nwrcga~;r.
2. Tv pay ~11 the taza, assessmrncs and encumbr~nces of every n~ture now an aaid descr:bed property, or that hereaftcr m.iy
be levied or assasetci thereupots, when due and payable, before they become delinquent, and before sny interc5t actaches or any penalty
is incurrad aad promptly furnish J~tortgagee with praof of paymenc chorefor.
3. To place and eoatinuously kecp on [ht buildings aow or hereafter situau on uid land fire and extended coverage insuranc~ in
rn amount of not le.u than = in sucE~ comp3ny zs an~y be ~pproved 6y biortgagee, All insurance po!-
icies of the Mortgagors shall contain the usual sta~sdard mortgagee claust xnaking the lass under sard policies payable co Mortgagee as
its incerest may appesr, and every such polic:y and all renewals th~ereof sh~ll be promptly delivrred to and held by Mortgagee, together
with a rece±pt far the premium thereon. Mortgageo shal! have the right to ad just with the insurer iny losa under said policees, and an}'
such adjustment shall bs conclusive an t6t Mortgagors. Mortgagee shall have ~Ete right to reczive and ovltect any procetds paid by thc
insurer in payment of any elaim under said palicy or policies, to endorse ~he Martgagors' namrs ca any check or other instrun~ene of
payment, an~ to spply tuch procteds in p~yr»enc of anr a~nt due uP~t~is morcgage ind the zote secund hereby znd anv expenses
incurred by Mortgagee in processing any claitn undtr ~~j~icy or ~o~lppgte shall pay to thc hlortgagors the balance of tF~e
proceeda, if aay, remaiaing after malcing the aforesaid dcductioas.
BJOK 122 5~~