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HomeMy WebLinkAbout1058 i MO~TOAO! O!!p OR~w'S NO~M f. ~S M~~w/~chr.~C fw ~rN ?t TM M. i W. Dnr CMM•r TO COtl~0~AT1pN ~i0~ INDIVIOUAI 1~\~vYN, ft«II~ ~ `:s3 S / ~ ~ ~t- Exeru~Rd tf~e 8th day oJ ?tt~y A. D. t965 by OOB~ M008E , a single adu~.t, hereina/ter called the mortgagor, toHAR8I3 O~ii3T$UOTI01~1' COR~08ATION a corporation existing une~er t{~e ~awa o( t{~e State oE Floridi , with its permanent postof~ice add?~ss at 8oos 106, lresde Bnilding, ~ort Pierc• , {~ereina(ter called the mortgagee: (Wbsrcver u~ed 6erein the cerms ~ tg~or ~od ~~mo~t6~~ce'~ ieciude all t6e y~rtia to this iestrumeat ~nd the 1?ein, kRal npreacnutives and ss~~o~ o( i~~viduab and t?e w«esnrs and ariRos ot corporatioaa; and d+e term "note,• inth~da all the aotes Aertiu described i( more tlun one.) ~L~e~~ that ~or good and valuable consideratioru, and also in conaide?ntion a/ the aggre- gate sum namec~ in the promissory note of even dnte herewith, f~ereina~ter deacri6ecl, tf~e mortgagor here- 6y 9?~n~s, 6argains, sells, aliens, remises, conveys and confirms unto tl~e mortgagee all the certain land o~ w{~ich t{~e mortgagor is now saized nnd in posaession situate fn $t. Luei~ County. Florida, viz: IAT 13. BLOGK 5. SOUTHSBN__PIHBS SUBD~PI3IOH, ae per plat thera~! on racard in ple~t bao]c 9, page 68, oi th~ public record oi St. Lnci Oounty, Florida. r Rc~E1VED; IN PAYM'chTOFTAXES C'-~F. ~~ti C! a~;;'C lNTANG!BLE PERSONAL YROPERTY. ~ pU ~='fF1YT TO CFIAPTER 20724, ACTS OF 1941, R~G_R PG;iR~S, Cierk Circuit Court as A.gent fcr CU :TIS M, JAMES ST. Lucia Co ty 7ax Coll 4or ~ Br PEPU7Y CLERf( ( . I THE MORTGAGOR COVENANTS AND AGREES THAT: I (1) The MOR7GAGOR herein shall make the paymentB , called for in the 1 Bt & 2rid mortgageg now encumbering this properiy, to the MORTGAGEE herein, which payment 8 the MORTGAGEE here- ir~ shall in turn deliver to the owner ~ of the said 1 8'~ de 221d mortgags 8. (2) If the MORTGAGOk herein does not make the scheduled payments as they come due under the afore- said 1 Bt ~~ldnortgage 8, then the MORTAGEE here atltg option, can make the said delin- quent paymentt3 , adding said payment i~ made to the balance due under this mortgage deed. In the event tnat the MOR7GAGCR herein does not make the scheduled payments as they become dus under the afnresaid j~$ ~ 221t'~ mortgage then at the option of the MORTGAGEE herein, the entire balance due hereunder can be de~lared due and payable in full on d~mand by the said MORTGAGEE herein. ~ (3) 1'he MORTGAGOR herein shall noi further encumber this oroperty, except by obtaining the permission of the MORTGAGEE herein. (4; The MORTGAGOR herein wili at the requ~st of ths MORTGAGEE herein, refinance the first mortgage r.ow encumbering this praperfiy at any time deemed desirable by the MORTvAGEE herein. 7he pro- ceeds of said refinancing to be applied against the unpaid ba!ance due hereunder. (5) The MORTGAGOR herein will at the request of the MORTGAGEE herein atkr.otivledge this mortgage and the amount still due at the time of the request on a form provided for this pur,pose by the MORT- a GAGEE. (6) Failure on the part of the MdRTGAGOR to comply with, perform, or abide by any of the agreements, stipulations, conditians a~~d covenants as se4 forth ~bove in sections l, 2, 3, 4 and 5, empowers the MORTGAGEE herein, at his opt~on, to dec,lare the entire balance due herevnder to be due and payable at onre. Failure of the MORTGAGEE herein, ta exercise this option at any time shal~ nat constitute a waiver of the right to exercise this op4ion at some later time. (7` in the event of foreclosure of this mortgage deed, the N~Oi~1~GAGOR wi:1 be held liab!e only to the ex- tent of the prop~rty encurnbered by this mortgsge deed. (8) 'fH15 15 A Th1Z°d MORTGAGE DEEO. (9) THIS 15 A j~'{~rChgt3C MONEY M0~7GAGF DEED. G~~!( '