HomeMy WebLinkAbout2986 ~ : r ~ i ~ ~ ~ _ 163448
THIS INOENTIiRE, IN~ t~ 9th ~r of JanuarY ./?.p. 19_~., bNwNn
Briargate CoYDO~ation. a Rlorida cornorat an~
of SL_^ l.LtC~@ CpM~y fbr;d~„ 1nn;mfqr dalpeat~d a th~ "MORTGI?GOR," Md fIRST FE~ERAI SAVINGS ANO IOAN
ASSOCtAiWN Of fOkT P:ERCE. • cwpa~t~on apanised and ~xa~irq uedM ~M laws ot tM Unit~d 5~~~~s of Mw~ica and Iwvinp in principal piac~ of
bu~s in Ur Ci~y a fwt Pi~rn. St. luci~ Cow?ry. fbrid+. hsninahM d~~na~~d a th~ MORTGI?GfE."
WHEREAS.IM MORTGA~t',OR b Iwty ind~W~d w ths MORiGAGEE in th~ swn of DO pood u+d I~wful mor»y of tM Urut~d
Sur~s advinc~d by, tM MORiGAGEE vnto th~ 1NORiGAGUR, u eviderKSd by • aKt~in pron+is~ory ~wN of ~wn dah M.~with, of which th~ fdlowinp fn
word~ and ~ioYrM i{ ~/rW COpy, fowih '
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_i~:>_ _~~.i: 7t, ~ ~4. 3~i.2:tij...: ..,.~iC'~~..~.~`..~K~'~1.Ls~-t~~vtr:~+.~1~F,~.?r~,..ai:~~.~ ~,.r:....a~:;~e.:ir,-~•_„~s,9`,3Y[
$84. 00 . ~x•••~
; ) State Rw~nw
(Stsmp~ canall~d on wipina) tioM)
NOW, THEREFORE. tlw MORTCs/1GOR for the purpok of ~ecw:np WYm~nt of s+~d swn of i 56 _ 000 _ 00 ~nd th~ pKfonnan~s of tht
cov~q and pnemants h~rsinaf~er eap~essed, and fa dven 9ood and valwbl~ ca?sideratioea„ by tMs~ pr~senh. does prlnt, bu~in, ssll, remise,
rels~se, oonwY a+d conPum unb tlM MORTGAGEE. its succ~saors ~nd assgns. dl tFwl urbin Iw. Pied or parpl of ~+ed. utwt~. ~Yi^W and b~inp in th~
~~ty ~ St. L.LIC1@ , and Stat~ of Fbrid~, daa~d a follow~:
From the Sf corner of Section 32, Township 34 South, Range 40 East, run N 89° 35'
10" W along the South line of said Section 32 a distance of SO feet, thence run
N O° 02' 20" W a distance of 130 feet to the Point of Beginning; thence continue
N O° 02' 20" W along the West right-of-way of North 25th Street 899.27 feet to a ~
point 250 feet South of the South right•of-way of Juanita Avenue, thence run N 89° ~
59' 40" W parallel with Juanita Avenue 250 feet, thence run N O° 02' 20'~ W 250 feet
to the South right-of-way of Juanita Avenue, thence run N 89° 59' 40" W along said
right-of-way 683 feet, thence run S O° 02' 20'• B 310 feet, thence run N 89° 59' 40" ~
~ W 52 feet, thence run S O~ 02' 20" B 695 feet, thence run S 89° 59' 40" 6 18.32 , ;
feet, thence run S O° 02' 20~~ B 197.91 feet to the North right-of•way of Canal C-25,
thence run S 89° 35' 10" B along said right-of-way 796.68 feet, thence run N O° 02' ~
20" W 60 feet, thence run S 89~ 35' 10" C 170 feet to the Point of Beginning,.~~ ~
Mortgagor agrees to subdivide mortgaged pzemises agreeable to mortgagee and cause
a plat thereof to be duly filed upon the public recoYds of St. Lucie County, Florida.
Thereafter, so long as moxtgagor is not in default under the terms and covenants
of this mortgage or the note secured hereby, mortgagee, at the expense of mortgagor, ~
will execute individual releases from the lien and operation hereof of lots or
parcels fronting on North 25th Street to a depth not exceeding 135 feet upon the t
principal payment therefor of a sum equivalent to $25.00 per front foot for tne
lot or parcel to be released; and mortgagee, in like manner, agrees to release all
other lots to be depicted upon such subdivision plat upon the principal payment of
the sum of $I,200.00 per lot being released. ~ ?
toy~ther virith all and sinpula t!w tenemenq, hered'a+me^n and appurtances thereuMO belagNg a in aeryrwqe +PPsrtiu~irg there% and all rents, iuws,
procaeds and prof~n xvuinp ard to sccrue hom said premises all of whicfi we irKiuded in the abov~ and fw~poirg dacriPtio^ and Mbernlwn.
TO HAVE AN~ TO HOID th~ ~bove described and ~anted p~rnitts unto th~ s~id MORTGAGEE, in succ.swn and +•siyos forswr. nnd N+~ wid
1MORTGAGOR fw lts he'vs, execvtors. ~dmin~stntws a~d auig% hereby ooven~nb with the uid MdtTGAGEE. its wa~swn and
rlwt i t i e_ lawfuly seized of tFk wid p.anias in fee simpl~: tlwt tM sanw a~ h~e.. cku ~nd disclw~ed fror. dl liera and ~ncwm
brances in i~w a in equiry, and ths+ lt wrill ~+d its heiq ~hall warr~nt and defend th~ titb a tFw s+m~ to th~ s~id
MORTGAGEE, in suaeston and +ssipro, fwtw~ ~p+inst tM lawfvl dsims and d~manth oF a!1 peaput
PROVIDED. /1lWAY5 th~f if tlw MORTGAGOR ah+ll p~y unto tM MORTGJ1GfE th~ promissory note hereinbefon dexr~d and ahdl mr1~r, promptly
•nd fully periwm, d'~s~sr~e, exewt~, compl~t~, cornplY with ~nd ~b+de M e+ch and werY tht stipul+tiau. +preM~ents, ca+ditions and covsnan» of said
promissory raa and of Hr's Morts+p~, then rM Morr9sy~ and rFr Esate i?eraby cnated slytl osas~ and be rwll ~nd wd.
IT IS UNOERSTOO~ th~t th~ word "Mwtysyo?" whe~he~ in tFw sinyulw a p!u?al anywFwn in Nws Mo?ry~, sl++ll b~ sirgvlar if one only ~nd '
shsll b~ plwal jantly and ~sverslly N rrore than on~. +nd tFwt tFw wwd ^their"' as ~aed anywha~ in tha A~orty+y~ sh+ll be taken w enean "his." "hen." 1
a"its," wherwer th~ oom~~ct w i~nplies a ~dmits. Aho, tlwt whersver there is a nfereno~ in tlw aowna~+n and ~pre~ments hersin oa+tained a of
th~ pxties ha~to, tl+~ ssme ~h+ll be cantrved to mean ~s w~l1 as tM 1+ein. Ipd repressntstives. aroassa+ +^d ~ssiWu (eiM~a vol~nurY i
partiws a imduntary b~r operation of th~ law) of tl~e same and tMt tM oovenann Fwtin aontawrd sh~ll bad and tlw bentfits ~nd ~ 3
b th~ rap~ctiw heirs, ley~l represent~tiws~, tvcus~o~s a.~d au?yra of the partiMS Mreto. ~Q ~ ~J? '
Md ssid Mat9apors, fw themseFvw and their hsirs, k9+1 representatives, wass:ors and ~s~ipra, htr~by ly nd ~Md +y~K ~
w a~d witb th~ said NIOR7GAGEE. As s~nwa~on ~nd ~ugro:
1. To p~y alt and sirgvlar tM pincipal u~d inNrest and thi v~rious and sw~dry iuma of money WY+~ ^O~•
mort~a~s, wcb and ~very. PramWM on tM dayi nspeetiv+ly tFw s~ne wwraNp becan~ dw. 4 ~G
2 To pay aU and ~irgrlar th~ ta~us, assessment~. Iw7es. liabilifia, oblip+tiom and ancurnb? ~ 'd dexri
prop~.ry, o? that M.eafnr may b~ 'anpw~d. wffersd. P~+ced• kvied, a s»es~ed the~~w~. a that f.
a thc W,debadrKSS secwed lw.by. ..ch .ed .•ary, wM.~ dw .ed pay.b~e. Kowd'np ro ~aw, ~
~ttaches ot a~ry pen+lty is intwred: AND INSOFAIt AS ?HEREOF IS OF RKOR~ THE SAME SHAII ED 0 OF
RKORO AN~ THE ORIGINAL OfFICIAL OOCUMENT (SUC~ AS, fOR INSTANCE. TME TAX RKEIPT OR IAItV ENOORSE~ .
OR CERTIfIED) SHAII dE PLACE~ IN THE HAN06 OF SAID MORTGAGEE YYITHIN 1EN DAYS NEX1 AFTER P t th~t ~ey tnereof is rw~ ~
p+id, sat'sfiwd ~nd d~scl~9ed ssid Al10RTGAGEE .nay N any time pay tM s~nr w arqr p~rt thereo~ withov +~1~ aV~^, li~^, pu'tp a?
t .iqht wdu or by v'wtu~ of this rnony+pe +nd the full ~maurM of ead? and eve~Y ~ WY~^t shall be ' ' telY WY+~ +^d ~+11 btar intuest ~
~.om the d~~e rhereo~ until pad at rate of n:ne per cenwm pM ~nwin and erF~ w~th wd~ iMMa~ ~MII b~M th~ li~n of th:s moryr+ye.
a~Ki6~ ~~2967