HomeMy WebLinkAbout2464 ~ MORTOAOt ~[t0 11AYG0 /ORM R[i~
~ ' TO C04~04AT/0N fAOY INWYIOYAL
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Ex~uted ~I~e 27th doy oj ~ec~~nber A. D. ~q 6~ 6r
:salter Johnson, Jr. and Rose IC. Johnson,
a/k/a Rosetta K. Johnson, his wife
hen~ROfter cnlled fl~e mortgagor, to ~arris Construc~ion Copooration
n corponntion existing unc~er fhe ~au~s o~ the $tate o~ Florida witk ifs petmanent postoJjice
add~ess ae Room 106 Arcade 3uilding, ?ort Pierce, Florida
~ereir?ajler ca~~ the mortgagee:
(WSere.e~ wed ~aei~ d~e ~na~ i~ch.de aY t?e Mrciea a t?ia i~sa+rnc a.d t~e ~ein.
kx+~ ~xwuti.es aed a~r~r of i~ ' a~d t!e w~c«son ud arisd o/ to~po~~ao~+: ud t?c ~ers •w~e••
i~clYda all tfe ~oeq ~eteiw desct~td 'J ~ae o~e.)
~~~In~~~ that (or good and votunble c~onsideration=, and also in eonsiderntton oj t1~~ a~ro-
gate sum rtamec~ in t~e promissory note of e~en date he~+ewit~, her~einajfer descri~. t~e n~orlgagor ~~re-
5y grnnts, bargains, QeUs, nliens, rernises, conveys nRd eon/i~ms unto the morlgagee all tke certain land
o~ whicti the mortgayor is no~v seized anc~ in posseuton situate in S Lue ie Ca~~•
Floridc. vi::
~Lot 5, 31ock A, Southern Pines Subdivis;on as per plat
thereoi on record in Plat 3ook 9, Page 68, of the
:~ublic ~2ecords of St. Lucie County, rlorida.
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OM~CLAw ~y~ /uCTt OF 1M1.
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a~ A0~ ~~'~S M' iAM?ES
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IN ADDITION TO THE COVENANTS HEREINAFTER SET OUT THE MORTGAGEE AND MORTGAGORS ;
COVENANT AND AGREE THAT:
(1) The MORTGAGOR herein shall make within 7 days of the due date, the payments calleci
for in the 1sL mortgage now encumbering this property, to the MORTGAGEE herein at
i ts office or some other place as designated by the MORTGAGEE herein. i
.(2) The MORTGAGOR herein shall pay within 30 days of the due date all pe~tinent chargea for fire and
windstorm insurance, all ad valorem city and/or county taxes, any s~cial improvement assessments and any
other special governmental assessments or charges.
(3) If the MORTGAGOR herein do not make the payments on the 1:. ~ mo~tgage , the fire and :
windstosm insurance premiums and governmental taxes ar special assessments as they come due, as well as i
the payments called for.in this mo~tgage deed, then the MORTGAGEE herein can at its ~
option make these payments, adding said payments made to the balance due hereunder. If any one or aH of ~
the aforesaid payments remain unpaid for a period of 7 days or more, then the MORTGAGEE can at its
option, without further notice declare the balaixe due under this mortgage due and payable in full at once s
and forthwith place the matter in the hands of an attorney for collection or enforcement. In this event all ;
costs incurred will be chargeable to the balance due under this mortgage. - , ~
(4) The MORTGAGOR fierein shall not further encumber this property except by obtaining WRITTEN per- ~
mission of the MORTGAGEE herein and any attempt to do so without this written permission will be null ;
and void. T
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(5) The MORTGAGOR herein will at the request of the MORTCAGEE herein, refinan,:e the first mortgage i
now e~cumbering this property at_any time deemed desirable by the MORTGAGEE herein. The pro- ;
ceeds of the said refinancing shall be applied against the unpaid balanoe due hereunder. '
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(6) The MORTGAGOR herein will be at the request of the MORTGAGEE herein acknowledge, in writing, ~
the existence of this mortgage and the amount still due thereon on a estoppel form provided for this pur- ;
pose by the MORTGAGEE . `
Faiture on the part of the MORTGAGOR to comply with, perform, or abide by any of the agreements, ~
stipUlations, oonditions and oovenants as•set forih above in sections 1, 2, 3, 4, 5, 6, empowers the MORT- ~
GAGEE herein, at his option, b declare the entire balance due hereunder, to be due and payable at once
without notice. Failure of the MORTGAGEE herein, to exercise ihis option at any time shall ~ot constitute a ,
waiver of the right to exercise this option at some later time. ~
(8) The MORTGAGOR further agree that this mortgage constitutes the entire controct between the par-
ties hereto, that they have read the provisions of this mortgage and the note it secures and that they are aware
of their right to have their own attorney examine said mortgage together with the said note it seaires and
advise them as to it.
(9) 7h~s ~s a Purchase M~~ Sec~nd MORTGAGE. 8`~K ~~v F~~,~4~ -