HomeMy WebLinkAbout0072 THIS IS A BALL•OON MORTGAGE AND THE FINAL PAYMENT OF THE BALANCE DUE UPON
MATURITY IS $5,453.05 TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL
ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE.
~ MORTGAGE ~ ~ ~
1900~ ~
THIS MOR'PGAGE, ezecuted the 17th ~Y of February
A. D. 1970 ~ by and between W. Dudley Skaggs and Jerry Ruth Skaggs, his wife,
hereinafter caUed the mortgagor, and Joseph A. Sole and Sandra J. Sole, his~ wif~,
hereinafter called the mortgagee,
WITNFSSETIi, that for divers good and valuable considerations and also in consideration of the aggregate ~
sum named in the promissory note hereinafter desc~ibed to the mortgagor paid by the mortgagee, the receipt ~
of which is hereby acknowledged, the~ said mortgagor does hereby grant, bargain, sell, alien, remise, release, com•ey, ~
and confirm unto the said mortgagee all that certain piece, parcel, or tract of land of which the said mortgagor is t
now seized and possessed and in actual possession, situate in the county of St. Lucie
and State of Florida, desaibed as follows:
Lots 1 and 2, of Block 4, of MARAVILLA PINES SUBDIVISION,
as per plat thereof on fil.e in Plat Book 6, at page 39,
of the public records of St. ~ucie County, Florida, and
also
The North 19.4 feet of the East 96..95 feet of Lot 13., of
Block A, of MARAVILLA TERRACE SUBDIVISION, as per plat
thereof on file in Plat Book 5, at page 50, of the public
records of St. Lucie County, Florida.
TIiIS IS A PURCHASE MONEY SECOND MORTGAGE, and is junior and inferior to
the mortgage from James Wilkins Smith and Francine T. Smith, his wife, to
Atico Financial Corporation, in the original principal amount of $15,000.00
dolZars dated November 3, 1961, and recorded in O.R. Sook 22, at page 143
of the Public Records of St. Lucie County, Florida. v~
The mortgagor covenants and agrees that he will keep said first mortqaqe
in good standing and will make all payments thereunder when due and
otherwise comply wi~h all his covenants and agreements thereunder.
If the mortgagor shall be in default in making any of the payments called
for in said first mortgage or if there shall be any default_in said
mortgage so as to cause the same to be accelerated and the indebtedness
secured thereby to become due and payable, then the mortgagee herein may,
at his option, make such payments as are due on said first mortgage, which
payments, together with interest thereon, shall thereupon be added to the -
indebtedness secured hereby and shall be secured by the lien of this mort-
gage and/or the mortgagee may, at his option, elect without notice that
the entire unpaid principal sum and all other sums secured hereby, together
with interest thereon, shall become due and payable forthwith without
notice and may enforce payment thereof by foreclosure or otherwise.
TO HAVE AND TO HOLD the same together with the tenements, hereditaments and appurtenances with
every privilege, tight, title, interest and estate, dower and right of dower, reversion, remainder, and easement
thereunto appertaining unto the same Mortgagee and his heirs and/or sucoessors _and assigns forever.
AND said Mortgagor oovenants with said Mortgagee that said Mortgagor is indefeasibly seized of said
land in fee simple; that the said Morigagor has full power and lawful right to convey said land in fee simple
as aforesaid; that said land is free from all encumbranoes; that said Mortgagor, his heirs, and/or successors.
and assigns will make such further asswances to perfect the fee simple tide to said land in said Morigagee
as may reasonably be required; and that said Mortgagor hereby fully warrants the tide to said land and will
defend the same against the lawful claims of all persons whomsoever. Said land i.s free from
all encumbrances except the mortgage to Atico Financial Corporation
above described, eas~ments and restrictions of record and taxes for 1970.
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