HomeMy WebLinkAbout1995 MORiGAGE DEED OREW'f FOlM E. 3S Monulactvr~d o~d ie~ wt~ 6y TM M. ~ W, Dr~r Corepanr ~
TO COr~OlAT10N fROM INOIVIDl7Al !ac?wnvilb. florido
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f:.t~t~~?iPd ~h<• 24th ~a> oi DeCember A. L). ly ~5 6y
Franklin A. Harris and Valerie V. Harris, his wife
{tereina(ter cal~ecj t~ie mortyagor, to Harris Constru~tion ~orporation
a corporation existinc~ unc~er ttie ~uws o~ the State o~ Flarida , u~ith its permanent posto~f ice
nddrpss at Raom 106 Arcade 9uilding, Fort Pierce, Florida •
{i~rei?ia~ter calle~ tl~e morlgagee:
(Whererer uxd herein thr terun "mortgagor" aad "mortgagce° includr all the parties to thi~ instrument and the hein,
IrRal reprcxnntives and anigns o( individuals, iod the wccew~n snd assiqm of crnpontions; and the term "notr"
includes a? the nutes 6erein described if mare than one.)
~~t~se~~ that (or c~ood nnd ~•~luable considerations, and also in consideration of the aggre-
gate sum riamerl iri lhe promissory note o~ even date herewit{~. {~erPina~ter c~escri6ed, the morigagor ~ere-
by c~rnnts, har,ynins, se~ls, aliens, remises, conveys anc~ confirnts unto the mortga,qee nll t1?e rertain Iand
o~ which the mortc~agor is now SPIZP~ anc~ in possession situate in $t. Lu~ie County,
~'~oric~u, riz:
Lot 10, 31ock 2, Southern Pines Subdivision as ?~er
^la~ th~renf on record in plat book 9, page 68 of
the publi~ records af St. Lucie County, Florida
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' ~y p?.;MENT OFT~YES
RECEIYED S
;e~~ON CL4S;'C' 1-~~-Y•?ielE PERS_;y iL~4RUpEarT.
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THE MURTvAGOR COVENANTS AND AGREES THAT:
(1) T~e MORTGAGOR herein sh311 make the payment S, called tor in the ~.5ti morigage
now en~~~rnbering this property, to ihe MOr~TGAGEE herein, ~vhich paymen4 th~ MORTGAGEE here-
' in shall in tum deliver to the owner of the said ISt mortgage .
(2) if tne MORTGAGOR hercin does not make the scheduled payments as they c~me due under the afo~e-
said 18~ mortgage , then the MORTAGFE here at it5option, can make the said delin-
quent payment S, adding said payment g m3de to the balar,ce due under tnis mortgage deed. In
tf~e event that tne ,1AORTGAGOR herei~ does not make tne schedul~d payments as they b~come du~
under the aforesaid 1St , mortgage ,,'hen at the option of the ;J,OR7GAGcE
herein, tn~ entire bslance due h;;reunc:er can be deG~ ~red due an;; payao;e in fuli on c'emand by the
said /JIJRTGAvEt h~rein.
I(3) 7ne MOP.7vAGOR i~er~in shail rot f:.rther encumb~r this property, except by cbt~iring the permi~s':on
of th~ tY10RTGAGEE herein.
(~1) The hSURTGA.GCR herein vrill ~t tne request of thn MO~TGAGEE hzrein, refir~ance the first rr.ortgage
r.ovr ericumb°rng t^is pro?eri; at any tirne d~e~ned desirable by the PJ',ORTGAGEE i~~rein. 7he pro-
ceeds cf s~id refin~ncir~~ to bs ~pplied against tne unp:~~d balarce due hereunder.
(5) 7hry MU~TvAGOR h@f@I(1 will at tne request of fh~ r~10RTGAGEE h~rein ackno~riledge this mortga~e
anJ the amou;;t ~tili d~~~ .st the tim~ o~ tne request on a form provided fc~r this purpo~e by tF~ ~11UP.7-
GAGEE.
; (5) F~ilure on th~ p.>.rf of tne P~~JnTGAGOR tc comply with, perfcrm, cr abide by any ot the agreements,
~ stipulations, conaiti~;r ar,u covenants ~s set forth ~~ove i,~ s°:tio~Qs l, 2, 3, 4 and em,r,ovrers the
~ ,'J10R7GA~~E h~rein, at hi; or,f:on, to decl;rn ine e~~~t;re b: !,nce ~iu.. hereunder to be du-~ ar~~ payab.e
I ot O!li^. ~':'iiUf~ Cf tn~ iv".C2?GAGEE h~rein, YO ~XK'fCl~r= Ti11S O~ tip^ di 2.ft)/ firil~ Sf?~~~ i101 ~Of151i1U1G' d
wa,ver of th~ right to exer~i;~ this o~tion at some later t~me.
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~ i.: ) In the e~.~e~t o~ for~cicsure of this mortgaye d?ed, thc ~t':~~:T~?.GCR will ~a heid li~b!e o~-~:y t~ tn~ ex-
I tant of th~ pr~p~rty e.-,cumbered by ti~is r:~or'g~r~ d~~~.
,e> T~iS i~ a~`t2nd ~:~,~:~~;`~ac~ o~ro. n R
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(9} THI5 IS A PLl=Chdse ;,•.v'~:cY ,`:iC.;RTGF{~~ r.~E~. BOOK~~~