HomeMy WebLinkAbout1680 _ . ~
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~ ~ortgage
TH13 MORTGAG$ eucuted tbis 3Y'd dq of ~-C mh r 19~9st Mi ami ~ Fj~i r~~
_ b~ GENERAL DEVELOPMENT CORPORATION, a Delaware corporatiQn
authorized to transact business in the state of Florida
of the fint part, Lereiaafter called the Mort~agor. whic6 term u used herein in everr i~utaace ahal) include t6e Mortga~or's 6cin, c:auton,
administratota, ~uccesson. legal reprnentativd and asfieas~ including al) subscquent grantees, eit6er voluntary by act of the partia or involun- ~
~ary by operatioa of law~ aad ~6a11 deoote tbt aoQulu and/ot plural. and t6e maaculiae and/or feminine. and o~tu~al a~d/or artificial per-
wn~. whenever tad vrhenve~ tbe coatt:t w rtquira or .dmits, to THE FiRST NATIO:~AI. BANK OF 11lIAMI~ a oatioa:! bankiog associ~- ~
tion. of t6e xrand part~ bereiaifter callcd the MortQagce. vr6ich term aa u~ed he~eio io every i~uance ~6a1! iaclude the Mon~~ee'~ sutca- ;
wn. legal ~cprqentativa and as~ign~. iocludia~ all subsequcnt s»iQaees. eit~er voluntary by act of the pactia or iovoluata~y by operatioa +
of tav~~ }
WITNBSSETH:
THA1' far dive~~ good aad valuabie eona~de~areoas, and a!w to xcure tLe payment of tbe a~tegate sum of money nuned in tse prom-
ia~ory note of even date hae~vitb, hereioafter mentiontd, together with interat thereon, and all ot6er aum~ of money secured hereb~ as herdn-
afte~ provided~ tDe Moagagor doa graat~ ba~gaio, seli~ aliea, remise, retease. canvey and conficm unto tLe Morrgagee. ia fee aimplq tbe land
of wluc6 the MortQagor is norv ~eized aad io actwl possea~ion, in the Countp ot - ~t. T.L _ State of 7 n~"t~a
dacdbed u folbws:
Lot 22, BlOCk 73, RIVER PARK, UNIT NINE PART B
ascording to the Plat thereof, as recorded in
Plat Book 14, Pages 47 and 47A_ of the PubZic
Records of St. Lucie County, Florida.
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Togethcr with all and siogular t6e tenemcnt; htrcditunents~ euemenb and appurtenanea thereunoo bebag~n~ or ia aay wise appea
caiain& tnd t6e renta~ wues, and pmfin thereof~ and tlso ~II t6e atatq right, titlq interat and all claims and demanda w6at~oe~er, aa well
in law n io equit~. of ~aid Mortgagor in aad to t6e same, aod e?erp part and pucel thereof~ and also specifically but not by ~say of limita-
tioo all Qa and elatric ~nura, nduton~ 6esters~ water pump~. tir conditioniag equipment~ mub:~.ery. boilen„ ranga, elevawn and r~tors,
bat6 tubi. sinb, wucr cW~eb, water basiw, pipes~ fauccb„ and other plumbing and heatiag fiztura. maatcis, refrigeratiag plaots aad ice
bosa, window ureeas. scran daon, ~rnetian bliods, oornica~ uorra shuttcn aad awnioa w6ic6 are aow or m~y 6ereaker pertaia to or
be wc~ witD, in or on said premisa. eren thou~6 tLc~ be detu6ed or detachable. are and s6a11 be deemed to be ~ztum and aeceaaoria to
the freebold and a part of tbe realty; u?d d~o such penonal pcopcrtr u may bc specifically deseribed above or listed hereafter on aaachcd
esbibit~,
TO HAVE AND 1~0 HOLD tLe same~ toget6cr wit6 tbe tmeme~t~, hercditamenb and sppurtenancp tLereunto bebnging, and tLe
reaq, issua and pmfiq theceof, uato the ~aid Mortgigee.
'I3e ~aid Mortgagor 6erebr aovenann Rit6 the said Mortgagee that the said Mongagor ie indefeuibly seized .cith the atnolute and fee
Lmple title to said pmpert~, aad has full power aad lawful aut6oriry o~ utl~ rnn~er~ trawfer aod mortg:ge the sune; t6tt it shaN be lawful
at any tiwe hereafter for tbt Mortgagee to pesceably snd quietly enter upoa, 6ave, bold and enjay uid praperq~ and every part thereof; tLat
~aid properry it lree and dix6ugcd from all lica~ cncumbn~a and claims of any kiod~ including ta:a and assessmenta~ euept those t6at
ma~ be ~et out abore ot 6ereinafter; that tLe Mortgtaor will make at Mortgagor's e:penu and at no ezpense to Mortgagee tuc6 other and fur-
ther aaurancq w perfect the fee simple title to uid laad. fixtura and penonal propertp in tLe Mortgagee aa ma~• 6ereafter be required; and
that t6e Mort~a@or 6ercby fullp ~sarnats unto t6e Mortgagee t6e tit(e to uid pmperty and ..ill defend the same against cbe lawfu! claims u~d
dem~ad~ of all nenons ~shwasoever.
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NOW. THEREFORE. t6t oonditioos of tbis mortgsgc are such t6at if thc Mortgaeo~ shall well aad trulr par unto t6e Mortgaget t6t ~
indebtednaa evideneed bp that ccrtain promisaory noce of evrn date 6uewit6, made bp tbe Mortgagor and payable to the Mortgagee in the
priocipsl sum of THTRTFF.N TNni1SANi] FT[~HT Hi7Ni~~D &~dTlOO~-~ .Q. tbe fioal
papruent of which is a~~ o~ _ June 3 ~ 19'~0 toget6er r~ith auq aote or notes hereafter czccuted by t6e Mortgagor
hcreio by and in accordance ait6 paragnp6 aiiteen of this mortgage a~ 6ereinafter ut forth and secured by t6t liea of tLis mortgsge~ togetber
wit6 interat as t6crein statcd, and shail pcrform, compiy ~it6 and abide by each and every the stipulstioas, agreemenb, rnnditions and co~a
nancs contained aad xt fonh in chis mortg~ge and in the promissory• note sccured 6ereby, thm this roortgage and t6e estate 6ereby ertated
shaN ccase and be nuli and raid. ;
AND~ t6e Mort~~~or doa heteby tovtoant and ~gree:
1. To perform, oomplr esitb and abide br tub and e~ery tbs stipulatioa~ sgreemena, wnditions and covenanq oontained aad set fort~
in ~aid promiaory cote or aota, this mortQage and, if appGtable, t6e ban agrcanent barao the Mongagee aad MortQagor.
2. To psr t6e iadebtedaas securtd 6~ c6is inscrumtnt and ~ecording to t6t true tenor and cffect of t6e praniswry oote 6ereinabo~e
meotiooed or of aa~ rcnewal thereof~ prompcly a, ~Le day oe dqs ehe ume u.craiy become dne. ~
3. To pay~ before becaning deliaqae~, all o6ti~stio~a„ encumbranca, ta:es, asus~mrnta, paviog~ sidewalk, ~an;tar~ and ot6er sasea-
mma, Ie~ia or lis non or hertafter lcvicd or iwposed upon or aQaiast tbe mangaged pmperty~ and to t~ibit to the Mortgagee before ~uc6
ta:a, assasments, li s and eneumbranca becane delinqucnt.the of~cial receipts for paynnent t6ereof~ and if t6e aune or aay part t6ereof
be aot paid befort becoming detinquent tbt Mortgagee msr at tnY tiw! pa~ t6e same wit6 attrued inttrat and e6argp, if aoy, witlwut wai~-
;ng or sffaeing Mortgagels opcion to foralose thii mortga~ or aar righc hercunder. and erery pafruent so made a6a11 bear interat fmm the
dace c6ercof at t6e rste of ten per cent (1096) per aanum, aad .t1 •ac6 paymena w;c6 iacerac s~alt be aecurca br ~6e liea ber~of.
4. 'I'6~t if a rnnveyaace aLould be made b~ t6e Mortgag~or of t6e premi~a hercio dacribed or aay p:rt t6ereof~ withovt tLe writteu
conxnc of the Mortgagte and witbout mumption of t6e obligatioo, tr~ated 6ereunder. in regular form of law br the gruntee of t6e Mortgagor~
~hen ~nd in that event aad at the optioa of tht MortgaQee u?d aitbout notice to tLe MortRagor, all ~ua~s of moner stcured 6erebr sl~all itn.
med;atety and ooncurrenttr v.it6 sucb coaTeraoce bcrome dne tad ps~able and in default w6et6er or not t6e iune sre so due and pa~able
u~d in default b~ the ~peeific tetms hercof.
~aa~ ~~1 ~cE 16~0
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