HomeMy WebLinkAbout0301 NoaTa?si o~~ atw•t ~ow a. ~s w..r«ti..r ..r h. ..w b n. N. a w. s. a.. c..~..r
TO CONOtAT101i itOY IIOIYIOYAI bct~~i1N, HwW
143136 .~r
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Ex~oeed ~he 24th day o/ P+ebtuary A. D. ~9 66 6y
James 'r~lhite and Sva White, his wite
hereinaJler called t1~e mortgagor, to V81911A V. H~1tt19
' a corporalion existing under the ~aws oj the Slnfe oJ Fl0='1da . wttk its pe?nwnent posto(/ioe
nddress at '106 A1~Cad9 Hu11d11~q FO~Ct P1erCe~ ~'1o1"1dt? .
~ereina(ter rnlled the mortgagee:
(w~e~e.e: a~ed \aei¦ tie eera. ••i~ud ••aort~ee•• udrde .u t~e Mrtid ~o tii. uaw.e.t a.d tLe \ei.s:
ksal eeprneenevea ud a~~r ~o~[~ a~d Ne wcces~xs ud aro~~ o( oorporuia~s; ud tie ee~ "~o~e•
iedudn a0 tk ~oeea ?e~a~ deauibcd iI ~.re o~e.)
~~I~t~~ Ihat (or good and ~l~bl~ o~.~tdo~eion,, and alao in oon~tde?atton o/ the aggre-
gnte ~um nnmed trt tl~e promissory note o~ even dnte l~erewith. hereinaf
ter descri~. t~e mortgaQor litr~-
6y grn,~e~. bnrgains, seua. aliens. remises. oonusya a?u~ confinr~a unlo t~e mortgagee nl~ the csrtain bnc~
oj which the mortgagor is now seized nnd in posaession aituute in gt. Lt3C1@ Countp,
Florida, viz:
Lot 14, Snqlew~ood Park Subdivielon ae per plat
thereof on record in plat book 7, paqe 48, of
the public recorde of St. Lucie County, Florida
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~ THE MORTGAGOR COVENANTS AND AGREES THAT:
(1) The MORTGAGOR herein shall make the payment 8, called for in the firat mortgage
now encumbering this property, to the MORTGAGEE herein, which payment 8 the MORTGAGEE here-
in shall in turn deliver to ihe owner S of the said f itBt mortgage .
(2) If the MORTGAGOR herein does not make the uheduled payments as they come due under the afore-
said fitstmartgage , then the MORTAGEE here at it8option, can make the said delin-
quent payment 8, adding said payment 8 made to the balance due under this mortgage deed. In
the event that the MORTGAGOR herein dces not make the scheduled payments as they become due
under the aforesaid f irat , mortgage , then at ihe option of fhe MORTGAGEE
herein, the entire balance due hereunder can be deClared due and payable in full on demand by the
said MORTGAGEE herein.
~ (3) The MORTGAGOR herein shal) not further encumber this property, except by obtaining ihe permission
~ of the MORTGAGEE herein.
~
~ (4) The MORTGAGOR herein will at the request of the MORTGAGEE herein, refinance the first mortgage
now encumbering this property at any time deemed desirable by the MORTGAGEE herein. The pro-
ceeds of said refinancing to be applied against ihe unpaid balance due hereunder.
(5) The MORTGAGOR herein will at the request of the M02TGAGEE herein acknowledge this mortgage
and the amount still due at the time of the request on a form provided for this purpose by the MORT-
GAGEE.
(6) Failure on ihe part of ths MORTGAGOR to 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 the
MORTGACEE herein, at his opt;on, to dec,lare the entire balance due hereunder to be due and payable
~ at once. Failure of the MORTGAGEE herein, to exerc':se this option at any time shall not constitute a
waiver of the righ~ to exercise tfiis option at some later time.
In the event of foreclosure of this mb~age deed, the MORTGAGOR vVill be held liable only to the ex-
tent of ths properfy encumbered br ~s mortgage deed.
~ BooK 139 z~
(8) THIS IS A 8~~ 8 MORTGAGE DEED.
,(9) THlS I~ A MONEY MORTGAGE DEED.
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