HomeMy WebLinkAbout2503 ~weTwct oECO oeEwY ~ e. E. ~s /YrfecHrrW ~N fv aeb i~l Tw N, i W. Dr~~ c....•r ~
TO ~Ol~OlATION FlOM INOIVIWAI i~tlNarilN, fl«iM
15~.055
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[:.~~~t~l ~I~P - 21 st ~Qy o/ December A. n. ~~66 6y
Valerie V. Harris and l~`ranklin A.Haacris, her hueband
f~ereinafle~ callecl tlie mortgagor, fo HaTr~B Construotion Oorporation
a corporation existinfl un~er Ihe ~aws o~ t{~e $fate of Florida u~ifh ils pe~manent posto~~ice
Q~{d~.u Q~ 8oom 106 9rcade Building, Fort Pierce, Florida .
?eereina/ter ca!!ed tlee mortga~tc~e: .
(N6ne~~rr ~ued 6ereia t6e terms ••mortRaRoi • aad ••martRasee" i~Wdr all t6e partiei to this untrumest a~d ~!e ?ein.
k~al rtpRSenuti~es ard anitn o( indi~iduals, and 16e wtYw;ots asd :ssi~as o( corpocatioss: asd t6e tecm •'wtr••
iatludes all ~be ~utes hnria de~cribed i[ mure t6as oae.) .
that Jor flood and valua6le c~onside:ations, and also in considerolion oJ ~he aggre-
gafe sum namec~ in I~e promissory nole o~ RDBR dafe hereu•ith. hereinaJler c~escri~. ~he mortgagor here-
6y granls. 6nrgains, sells, aliens, remises, conveys and conjirms unto tF~e mortgagee all t6e rertain lnnd
of which tl~e mortfla~or is notu seizetl ant~ in possession situate in $t. Lueie Cou~ty, l
F~oric~a. riz:
- Lot_17, Block 2, of Irene Plaza, a subdivision as per plat
thereoY on record in plat book 9, page 33, o~ the public ~
- records of St. Lucie County, Florida. ;
~
T~E M;; RTGAG08 C01T8NANTS AND AGBESS THAT : ~
(1) The M08TGAG08 herein shall make the payments, called ~or inthe
lst mortgage nox encumbering thie property, to the MOxTG9GEE
herein, xhich payments the MORTGAGSS herein shall in turn del- _
iver to the o~ner ot the said lst mortgage.
(2) IZ the l+iOxTGAG08 herein does not make the scheduled payments a
they come due under the a~oresaid lst mortgage, then the
M08TG1G8E here at its option, can make the said delinquent
payments, adding said payments made to the bala.nce due under
this mortgage deed. In the event tha~ the MORTGAGOx herein
does not make the scheduled payments as they beoome due under
the atoresaid lst mortgag~e, then at the option oY the MORTGAG
herein, the entire balance due hereunder can be declared due ~
! and payable in fbtl.l on demand by th~ said M08'PGAG~ herein. ~
~ (3~ ~e MOxTGAG08 herein shall not Yurther encumber this property f
ezcept by obtaining the permission of the M08TGAGLE her-ein. ~
' The MORTG9G08 herein ~rill at the request ot' the MOBTGAG~E here
` refinance the first mortgage nox encumbering this property at ~
any time deemed desirable by the M~8TG1G$B herein~ The procee s~
of said refinanaing to be gpplied against the unpaid balance ~
due hereunder. ~
(5) The MORTGAG08 herein ~rill at the request of the M08TGAGF~ Here ~
ac~oxledge this mortgage aud the amount still due at the time ~
of the request on a~orm pro~ided Yor this purpose by the ~
MOBTGAGSB. ~
(6) Failure on .ue part of the M4RTGAGOx to comply ~rith, perform, ~
' or abide by any of the agreements, stipulations, conditions ~
and covenants as set forth a~ove in sections 1,2,3,~+,and 5,
empoWera the MORTGAGEE herein at his option to declare the ~
entire ~alance due hereunder to be due and pa~a~le at once. ~
Failure of the M08TGAGBS HS$EIN, to ezcercise this option at ~
time shall not constitute s xaiver of the right to ezcercise
this option at some later time.
~
~ {7) In ~he event of toreclosure of this mortgage deed, the M GAGO s
xill be held liable only to the eztent of the property encum~ s
ered by this mortgage deed. ~
RF ~
~ ( 8) THIS IS A S$COND MORTGAGE DTr'~. p ~FO~ s . a i
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