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THIS MORTGAGS~ e:auted ~61~ llth dar of ruary , 19~ at Mi ami Fl nri $a
by GENERAI, D$VELOPMENT CORPORATION~. a Delaware cor~ora ~ n
authorized to trarisact bus'ness in the state Qf Florida_
of the fint part. 6ertinafter called the MortgaQor, whicb tertn a~ wcd herein io every instance ~hall iaclude the MongaQo~'s huts, e:autors.
adm;n~strators, ~uccessors, legal repraentativa and auigns, indudinq all subsequent grantees, eithcr voluntary by act of the partia or involua-
tary by operatioa of law. ~nd ~6a11 deaote the uagular and/or plu~al, and ~6e ma~euline ind/or feminiae, aad natural aod/o~ ~ttifitial pea
wns~ w6eaever aad wherever the contczt w rcquira or ..dmia, to THE FIRS1' NATIONAL BANti OF MIAMI, a aational banicing aswci~-
tion~ of t6e xcoad part, he~einafter cailed the Mortgagee, wbic6 term aa uscd berein in cvery iaxance s6a11 iacludc the Mortga~ee'~ succet-
an, legal reprnentatives and a~aign~. iacluding all ~ubxquent aa~igaecs, either voluntary by act of the paaia or ioroluntary br opetatioo
ot law.
WITNESSETH:
THAT for diven good and valuable consideracion~, and also to sccure the payment of t6e aggregace sum of money ouned in the prwn-
i~wry note of e~en date here~+itb, hereinafter mentianed. togctDcr with interest thereon, and all other auma of money ucured hertby as herda
after provided. t6e Moagagor doa grant~ bargain, aell, alien, rcmise. release, convey and confirm unto t6e I~tortga~ce. in fee simple~ the land
of xhic6 the MoctQagoc i~ now seised and ia accual pouessian. in the County of G} Lucie , State of ..j~'~~,{~3.-
dacribed u folbwa: '
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Lot 15, Block 61, RIVSR PARK UNIT SIX, according ~
to the Plat thereof as recorded in Plat Book 12
At Page 28 of the Public Records of St. Lucie
_ Cbunty, Florida.
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This Insuurr?snt Was PrsP~'ad ~ ~ . ~`;i~~~0~2~,
SIDt1EY 8. K~2ASS~Eit Corporat~ Counsel S~s ~„t:-~ O~ 1'~
GENEIt~ ~E~ POr
Miami. Fl~. 3313~E~~~p G~ io ct4 ,e~. ~'~t~ ``~~'S` /
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k Together ~ith all and singular the tencmcat; 6ercditamena, euemcnn and appurteaanca t6ereunw betongin& or in any wise apper-
~ taining~ and tbe rent~, is~ues, and profita thereof, sad alw all t6e aate, right. title, interat and all claima and demands vvhatsoe~er~ as well ,
in lavi u io equity, of ~aid Mortgagor in and to t6e same. and e~ery part and parcei t6ereof~ and aiso speci6cally but aoc by waq nf limita- _
! aoo all gu ana elcctrec firtures„ radiators, hcaten, vvater pumps, air c~nditioning equipmrnt, mu6inery~ boilen~ rwga, devaton and maon„
bat6 tubi. ainlcs, water cloaets, water basin~ pipes, faucets, aad other plumbiag and heating fiztures. mantels~ nfrigerating plaon aad ite j
~ bosa~ wiadow ~creens. ~ereen doors. ~enaian blinds, cornica. storm shutters and a~•nings. vrhic6 are aow or may hereafter perta;a to or
be used with. ia or oa said premises. even thoug6 t6e~ be detac6ed or dctac6able, are and shall be deemrd to be fisturn and aeceswria to
~ t6e freeLold and a part of the realty; and al~o such penonal propertr u may be ~pecificallp dexribed above or listed 6ereafter on attacLed
~ ezhibita
~ TO HAVE AND TO HOLD the ume, together vsith the tenements, hereditaments ind appurtenanca t6ereunto beloaging. and thc
~ rents. iaa~a and pro~ts thertof~ unto the ~aid Mortgagee.
'lbe ~aid Mortgagor 6ercby oo~enants vvith t6e iaid `fortgagee that the said Mortgagor is indcfeuibly seizcd ~cit6 the ahsolute and fee ~
~ umple title to said property. and 6aa fup power aad lawful autsorit~ to sell~ convey. trawfer and mortgage the sune; t6at it shall be lawfut
u aay rime 6ercafter for the Mortgagce to peueably and quietly enter upon, 6ave, hold and enjoy iaid pmperty~ and every part theroof; tLat
~ ~aid pmperty is free and discharged from all liena. encumbrancn and claim~ of an~ kiod, ir,cluding ta:a and assusroent~, ezcept tLose tLat
mar be set out above ot 6ereinafter; that t6e Mortgagor will make at :4iortgagor's e:pense and at no e:pcase to btor.gagee aucb otber and fur-
~ ther assuranca to perfect the fee simple title to uid land~ fiuure~ and personal propertq in the Mortgagee aa ma~• hereafter be rcquired; and
thu t6e Mortgagor 6ereby fully «arrann unto the biortgagee the title to said property and ~sill dcfend t6e same against t6e lawful elaims aad
demand~ of :11 perans H6omaoever.
NOW. THEREFQRE, tbe oonditions of this mort¢sge are suc6 t6at if t6e Mortgagor ahall well aad truly par unto the Mortgagee the
indebtcdnas evidenced by that certa;n promissory r.ote of ecen date Lerewit6. made by t6e Mortgagor and payable to t6e Mortgagee in tbe
grt~at.~r~ aTZ...~p T TunrTCA mWC~ r~tn~mRt?n ~~S2/~.QO______ f~OO _ OO ~,t ~Dit
, together Rit6 an a~te or nota hereafter ezeeuted b t6e Mort a r
~ payment of which is dae on __$tt~-11~-13?D Y S e Bo
~ herein bp and in aaordance with paragraph siztcen of t6~~ mortgagc ae 6ereinafter xt fort6 and secured by tLe lien of tLis mortgagt, togct6er
~ ~•ith interest sa thcrcin staud, and ~ha{1 perfo:m, compiy ~cith and abide by cac6 sad every the stipulation~ agrecmmp. condiaons and oo~a
nants contained and sct fort6 in this mortg~ge and in the promiswn• aote sccured hertby, then this roorcgage and the atate 6ereby tttated
} shall cease and be null and roid.
; AND, the I?iortgagor doa hereby w~ cnaat and agree:
~ 1. To perform, complp ~sit6 aad abide by cu6 and erery the stipulatioas, agrecmenb, conditions and rnveoanq cootained aad set fortb
in said promiaory note or aotes~ this mort~age and, if applicable, the ban agreanent baween the blongagee aad Mon~agor.
2. To Par the indcbtedness setured by thi~ inurummt and acwrding to the true tenor and effect of t6e promi~ory note hertinabo~e
r~ mentioned ar of an~ reoewal tLereof, prompdy oa the dar or dsys the same se~srally b«ome due.
9. To Qay, before becoming delinquent. all obligadons, encumbrances~ ta:a, aaaesuncnts, paving, ~idewalk~ ~anitaq and other war
mmta, levia or liens. now or 6ereafter levied or imposed upoa or aQainst the mortgaged propcrty. and to ezhibit to t6e Mortgagee before such
-i taza, auauncnn~ liens and cncumbranca become dtiiaquent t6e official receipts for paymeat thertof, and if the sune or anr part t6ereof
;ys be not paid before b~coming delinquent the Mortgagee may at any tim! pay the same witb aarued interat and c6arga~ if any. witlwut wai~-
:2 ing or affccting Mortgagee's option to foralose thi~ mortgage, or anr ~ig6t 6ereunder, aod cvcry payment w made ahall bear interat from the
~ date thereof u the rate of ten per cent (1096j per ~nnum, and all suc6 payments witL incecac shaU be .ecured by ihe Gen 6ercof.
~ 4. T6at if a convepsoce ~hould be m~de b~ the Mortgagor of t6e premi~es herein dacn'bed or anp part t6erenf, wirhout tLe wriKto
~ coascsu oE the Mor~gagce and without as~umptioa of the obligatioo, cr~ated hereunder~ ia regular form of law br tLe graatee of tbe Mortgagor~
chcn ~nd in that erent aad at t6e optioa of t6e Mortgagce and withnut notice to t6e MortAagor, all aums of money aecured 6ereby ~sll im-
? mrdiately and ooncurrently wit6 sucb conveyaace bcrome dut and payable and in dcfault w6a6er or oot t6e same are so due and pa~able
and in deEault by the specifit tenns 6ereof.
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