HomeMy WebLinkAbout1574 3o c
au ~nd to ~lald Ihe sa~ne t~ther w t~i Ihe lem m ~ r'
, og ! e e is, ~~e editaments an~ appurle
nnnres Iherefu he~onc~in{~. nni~ 1{u~ rnnls, issues antl pro~ifs lhereo~, unlo the morfgagee, in ~ee simp~P.
Iin~ !he morlr a or ~~oi~er
y ~nnis u ilh the murtga~ee !ha! the morl~agor is indejeaaibly seized ~j said
land in ree simplP; thal the morlgac~or has good righ! and lau>f ul authority io conve said lnnd aa a ore-
y ~
suid; Ihnf the morlt~nyor ii~ill make such (urther assuranres lo per~ect the Jee simple title to said land ir~ Ihe
morlgagee as moy reasonnbly be requi?e~; that the morlgagor here6 ull wanant~ ihe iitle io said lnnd ~
rl r
and will deJend the same agninst lhe lau~(u~ rlaims o( nl~ persons wl~omaoever; and thal ~aid land is ~ree
anc{ c~e u of a~~ enrumh~an~p5, and the Mortgagors CDVeit811t with the MOY'~ 8
g gees
that this Mortgage is given as additional collateral t
o the stock
collatera]. already pledged to the St.Lucie Count Bank wh' .
eral no lon Y , ich collat
ger has saff~cient margin to secure the loan in connecti
therewith,and that to revent the 1i uida ' on
A q tilon of said collateraL this
Real Prnperfiy Mortgage is given as additi~nal securit in
of said c~llate Y coneideratio
ral not being sold at this time. Mort a ors do further
covenant and ree g g
ag that the Martgagee can switch the stock c~llateral
or sell the same irt its discretion and a 1 the r~ceeds
ither to the i pp y P thereof
ndebtedness of the Mortgag~rs with the St. Lucie
ank or on the Mort a County
, g ge of the Martgagors hereir, with the First
ederal Savings & Loan AssccLati~n which Mort a e
herein mort a ed ' g g covers the property
g~ •
rouided ~lwa s t~tat i s i m r
. y~ ~ a d o tgayor shall pay unto said martgagee tl~e certain promia-
I
sory note hereinajler substnntially ropie~ or ic~enti{ie~{, lo-u~it:
Oataber 22 65 .
FORT PIERCE, FLORIDA 19__ >
demand ~ith the
alter date I, we, or either oi us pramise to pay to the arder ot
6lOTlthl~ ST, LU(.'IE COUNTY BANK 29, 375• ~ FOR VALUE RECEIVED, the undersigned and each of the undersigned
F R ~ in addition to the obligations 9mposed by endoisement and waiving of
0 T PI~RCE, FLORIDA n~tice of every character and nature, hereby betoming a party to, adopt,
TwQAt ri1IIe t~1G1~18811d thl"e~? hundred eeve agree to, accept, guarantee and assume all the terms, conditions and
~1 11t~ f ioe ~ waivers contained in the nqte on the reverse side hereof, and guarantee
DOLLARS the payment af said note when due and consent without notice of any kind
vUE to any and all extensions of time made by the holder of said note.
wiih Intrrest after at tAe rata of_per emt oer ~AAtlW untll psfd, ler nlu rneln~, amqa64 snl
;~~Y~ei~ ~i ib~ orn« or uia e.n~, .Aa ir oot nald st m?turlb lhi~ nok m~~ D~ olsed le {De h~nd~ W.r .u.ra.,•sa Nothing except cash payment to the Bank and%or the holder oi said
i~. ~a~ ~ou~~s~a~; and In thot erenl It i~ ~r~~? ¦na v~a~i~ce, e, ~ee m,r~n .oe .a+.~~., ~..eru~,, b rar .~a- note shall release the undersigned or any of the undersigned.
wusble ailurnry'~ tet, ~ud tdrr do rrilre the rl~dt to be ~urd, afler dd~oll, la tie eo~at~ ot lieU tnldeatet ~nlar
druaclled xilh lhe aald Bank se rollatenl eaarilr tor tpe oarmenl ot tbi~ aok, ~n~ ur r~k tlTen lu llkAfl~ll
or rrurw~l lbereal, and a~ steurltr lor the D+ymenk ot ao~ other Il~hlllt~ or II~bUIUee of the onder~Irne1, b uid Bank No, L bber Ca~
xhrther no* eclsllr.r, on c~redter ari,in~ tbe followla~ Ora0eri5. el~: 1~~ eJy~. Fireetone ~ire ~ Ru
eollateral liated on the other eide of noti AC 40872
~ Ac 51060
~
1~0 ehe. Geniral ~atora Corp.
~ x 2za-616
Otis Ele~ator Co; 133 ehe.
at n nrexnl martet ~~lae aklmattd bs tde undenl~ned io be DOLWlYB 22 J52~
aad sdould utd 6~nM, or lhe 6older hereo(, Aeredkr eendder th~t the mutet rune ot uld Keur(lie~ h~s decllned, or ~hoold ulE reeedtln tor aar rc~wa ~rs,
beeomr omalislutor~ te uld Bant, or the Eoider Aerco(, t~e nndenl~nrd henb~ urm {o m~ke P~fineot aa saconnl oI t!b o?Iiptlon iatl~t~etorr W thr !`~7
Aoldcr Aereot. or, to deBrrr to uId Hank, or l6e holder hereoL ~ddlilonu uerr{tlet t~ the uNdtedan ef {!e holder of thL obliptloa. An~ !~r ~a~ ather i~ , 284034
IiablBlles lo nid Baah, wset4cr dae ot nut due, or Scredter ~rl~ln~, the apAefd~pe~ sW Sarcb7 tt~e~ to ts1A H~nt ~ Ilen nWp a11 pNpttty p~ Kqp+~{{n ~~r~= n
to cr Isft tn N«ee~loa ol qW Bank b~ the onderd~ned, and N~o upan ~nl bal~oce ot the Aepo~lt aeeerat sf the naa~riirn~a .ne ~e~ uld 6ant. For r~lae V~
rcceia~d ~he oader~f~ned 6enlr turther arren t9it upon SAe doa-xrf~rranae ot tW~ PronUe to pq, ooan !ollort, {nwlreae~, or nlws the aon•partimt ot 30 eh9. A~~rian Tel ~ 2e1
~nr of tAe Ila~lqtl:~ o! lse nadeni~aed {s uid Bank, or ov~n hUare of lAe ~aAenynM dthln three dor~ alkr da4e ot mallln~ natlee N1reaN W the m~ker u ^^nC O
hrr~of, ~t hh ad~m+, af rreo 6~ 6in a! the tlme of mstin~ thU n~te, ~pd eodantd ~t tLe foo{ ol t6b pote, t~ m~Ye ra4laheterr pa~rnt oa ~eeorpl rr l0 34~~VGO~ ~
furnis6 addltlond ~eenNtks, utleUctor~ lo the Pnd~ent or Caihfer ol uid B~nk, er to tie Eddrr 6ere~f, la eiue of a decline ~s aloreuld, tbn, ~n~ in 1~~ ehe. S Yxndard Oil Co~
eltder ~urh esu t4i~ n~k ~nd sil otder obllution~ ~nd Ilaplltllef of the aaden{~ueJ k tAe Bank, and ~nT an~ tll o~ them A?II lerihwit~ beeome dre ~nd A~ 80
o~rablr alt6oaS tnrtDer demsad or nodee; ~nd (n1! power and au6bodh 1~ 6erebt dqn k the uld 6ant er t6e lelder ef thl~ nok lo ~tli, a~l=o an1 bUnr 7+~9
Ihe Mhole or anr ~art of tht ibore senl{oned oroaerb snd utorltiet, or ~n~ pu{ theteef, Or ao7 r•n6dllek thsretor, ar at ~07 ~~l((Op~ IAEKIp, ot odtsk or #~F 24 11
puplla ~aic at tAe pGen ~f uld Eank or ft~ hcsident or CuWer ar t6~ So?!er Seraf aPO~ 10 d~r~' notiee m~lled t~ l6e addrep qecitled Del~w, ~r k eater's L ~ w,,~ rjen~Ml Eleetrie
ls~t tnown ~~Ireu, an~ at ~aeh uk tk uld O~nt, or ~nr M Iq oTtlan, ~r tb~ ~~r 9ereel, ma~ Yeeem e t h e / c r e l s a r o f l 6 e ~ h o k a r ~ n~ p a r t ~ t t 6 e ~ A l d 1 V 0 1 1 e
seruriqei, fm h~w xn± ri~qt ot redemetlon br the nn~enl~oed, wAleh i~ hercb> e:rrc~dr nalni snd releaxd. In ease et iale tot ~at etau, sfkr 1sl~ttint # i~T 909659
all lenl and ot6er eaq tor aolNcllen, ule, aad dellten oi nid or~rt~, Inelndln` athrnen tea, s~ bcniobef~te yrodled, t!~ uid l~nk et t6e hNder 6treaf ~
ma~ ~ppl~ i?e rc~tdne ef i~e orotted~ of tbe i?ie ar ula w madc to par tAlf nok, apd Rleq pq ~ur er ali M t6e U~bllillp ot lhe rndenSrpN t~ ~?Id 6~nk. ~
! rhet6rr due or nat ~ut, m 6ena(ler ~rUtni, u~ny ot It~ otlicen a6sp ieknolne, sskie~ prooer reb~te Por lokre~t on U~bUlqa o~t i~c, retnrnln~ {6e enr xQ~~Y'B
~ ~ 8~18, G~Tlf2'~1
~ vlus, if ~ns, to t6e ondenlrued, anA Iht uaderxirneA aUo a~reef that the eterelu, ~r the omli~ion to eaercix, p~ uld Hank, or t6e 6o{~er hereaf, ef ~nr of tEe ~
ri~Et~ ~nd yrhik~n hertl~ eonterred nuan ~ald 8set, ar t6e holder 6artot~ ~6a~1 not xaire ar efteet ~ar dber er ~nb~cy~ent rQht la exerol~e tRe ~sme. ~od Ihe
~ 335-34Q
un6enirned Rleo ~~ren to be and nm~io Il~blr to ~ald Bant, or k t6a halder ~~rooT, tor ~n7 deflslenef atter ncA faie m uke, taretlet ~It6 laters~i tlereon
at the r~te of per « u pcr taann unLl! t6s nme 1: fa117 a~ld. '
ADDREB9 s Forr R• J d~3~ (eEAL)
r~new~l
/s/ Hazel A~ Jordan
- - ~e~.u,~
PBH 5M
~
U~ ~ OR
800~ . 8~K
~
. ~ .
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