HomeMy WebLinkAbout0067 ~V. In th~ event the mortgagees or note holder are able
to arrange refinancing of tYii~ mortqaqe at an int~rest rate not
exce~ding six (6$) p~r cent per annum and with principal payments
in the aggregat~ under such new mnrtgage, and under the ~xisting
mortgage if subordin~ted to such new mortgage, not greater'than those
provided hereunder, and with broker's ~r mortgagees' fees and
charges not exceeding two (2$) per cent af the principal amount
af this mortgage then ~n~aid, the mortg~qors shall an~ agxee ~a
apply for and furnish all ~ocuments and information with respect
to and to cooperate in closing and t~ consummate such refinancing
at their expense an~ to pay said fP~S and charges. If such new
~~ortgage is not a complete refinanc~ng, then this mortgage shall
be subardinated to such new mortgage and the amount of mortgage
proceeds shall be applied in payment of this mortgaqe and the
note secured hereby, such application being ma~e to the last matur-
inq installments to be paid hereunder.
V. (a) The mortg~gars hereby grant, bargain, sell,
alien, remise, convey and confirm unto the mortgagees
all the certain land of which the mortgagors are now
seized and in possession situated in St. Lucie County,
~l~rida, viz:
The S~uthwest one-quarter (1/4) oE the
Southwest one-quarter (1/4) and the South
33 feet af the Northwest one~quarter (1/4)
of the Sauthwest one-quartex (1/4) of
Sect~an 3, Township 34 South, Range 39
East, all in St. Lucie County, Flnrida.
, SUEJECT to public roads and road rights-
of ~ay, drainaqe canals and dit~hes.
. TO F:AVE AND TO HOLD th~ same, toge~hP~ with the ~enements,
hereditaments and appurtenances thereta belonginq, and
the rents, issues and profits thereo~, unto the mortgagees,
in fee simpl.e.
(b) The mortgagors da hereby mortgage, transfer, set
over, assign and pledge unto the mortgagees all citrus
r.rops now and here~fter growing on said premises, hereby
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