HomeMy WebLinkAbout0753
~ _ _
"I ~ UOfTOAN DNO ONMI'f ~O~Y IMwhsWrN ~d iw wl~ ?ti TM N. l W. r. Drr C~~NwY~
` ; f0 COMORAf10M I~OM IIpIV10YAl , . i~tkqwvllN. f1«ide r - i
• ~ _~.l.i~~(~r~ ~
. t ~.V ~ .
~
~
E
~ i
~ Ex~ue~d ti~e let d¢y oJ Octob~r A. D. ~9 65 by
lIILZ,IIIM 9~P. ~IS aad ~L J. S~RRZS, his vif~,
herei??a~ter called tha mortga~ror, eo H11R~lIS CdI~B'1'RUC'TIO1Q f~ORPCRATIAM
a ro.~wration exiating r~nde~ t1~e lawe o( t~?e State o~ , wit1~ ita permanent poato~fice
«dd.~u ae 1~ooa~ 106, Arcads gnilding, ~"ort Pi~rce, Plorid~e??. ,
hervina~ter cn« the rnortgagee:
(Wherever wed 6erein the term~ asd ~~eort~a~ee~• ;~clYde ~ll the psrtia to t~e imtrvmeet ~nd c6e 6ein, .
' kKpi! reqe~cntativa asd ~o~m ~ot~~aad t6~ su~on asd n~isr~ ot uorporftiom; aad t6e ter~ •~~ote•'
~ includcs all tbe ooea lereia deacribed if ~noee one.)
~L~~~~~ that ~or gaod and ~I~61~ c~nnaider~atioru, and also in conaideration o( the aggre-
R gate aum namecl in the prornissory note of even date ~terewith, ~tereinaf
ter descrt~, t/~e mortga~go~ ~ere-
by granta, ba~gatna, aeP~, a~ien~, rembea, conveys antl confirnv unto the mortgagee a~~ the certain ~ar?c~
oj u~~ic~ t{~e rnortgagor is now aeizec~ and fn posses~ion situate iri st. Lucie County,
; Florida. viz:
~ LOT 9. 8LflC1C 4. at tha Rt~PI~?T of BU~tSaT Pl1Rlt SIIHaIVISIO~, as per
-
plat thsrsof on record in plat baok 11, paqs 28 of t2~ public
~ rscords of St. Luci.e County, ~'lorida.
i
RECEIYED f IN MYMEfi7'OPT1U(~.4 I
DUEONCITSS,H,hPT'eR207?~ ACTSOFIQ4RO~ERTY,
PUR.• JA ~T O `
~ , ~ , Cf : rk Circuit G:.urt
ay ? :-,n; f_r ~l1 ~f5 M. JAMES
~t. iu:ie " unty Tt+x Colt
8y n~purir c~wc
~
E
!I
f
~
i
~ ~
THE MORTGAGOR COVENANTS AND AGREES THAT:
(i) The MORTGAGOR herein shall make the payment 8, call~d for in the 18t mortgage
now encumbering this properiy, to the N\ORTGAGEE herein, which payment the MORTGAGEE here-
in shall in turn deliver to the owner of the said 18t mortgage .
(2) If the MORTGAGOR herein dnes not make the sch~eduled payments as they come due under the afore-
~ said 18t mortgage , then the MORTAGEE here a1Lt6 Qption, can make the said delin-
quent payment ~i , adding said payment S made to the balance due under this mortgage deed. In
the event that the 11AC~RTGAGOR herein does not make the scheduled payments as they become due
under the aforesaid 1B~ mortgage , then at the option of the MORTGAGEE
herein, the entire balance due hereunder can be declared due anci payable in full on demand by the I
said MOIiTGAGEE herein.
~ (3) The MORTGAGOR herein shall not furtner encumber this property, except by obtaining the permission
of the MORTGAGEE herein.
(4) 7he MOR7GAGOR herein will at the request of the MORTGAGEE herein, refinance the first mortgage
now encumbering this property at any tims deemed desirable by the MORTGAGEE herein. 7he pro-
ceeds of said refinancing to be applied against the unpaid balance due hereunder.
(S} The MQRTGAGOR h~rein will at the request of the MORTGAGEE herein acknAwledge this mortgage
and the amount still due at the time oF the reyuest on a form provided for this purpose by the MORT-
GAGEE.
(b) Failur~ on the part of the MORTGAGOR ta comply with, perform, or abide by any of the agreements,
stipulations, conditions and covenants as set forth above in sections 1, 2, 3, 4 and 5, empowers th~
MOR7GAGEE herein, at his opt~on, to decJare the entire balance due hereunder to be due and payable
~ st once. Failure of the MORTGAGEE herain, to exercise this option at any tims shall not constitute a
waiver ot the right to exercise this option at some later time.
(7) !n the evant of fareclosure of this mortgage deed, the MOl27GAGOR will be held liable only to the ex-
tent of tha property encumbered by th+s m~rtgage deed.
; (8) THlS IS A SStAD1D MORTGAGE DEED. BOOK ~~U ~„54 ~
~ (9) THIS IS A PU~~S M,ONEY MOR7GAGE DEED.