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i MORT6AGE OEEO RAMCO fORM REla
I TO CONWRATION ~AOY 1NOIVIDUAI t,~^.~(1~
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f:..P~~~~iMl ~I~~ 28th ~°y October A. n. ~~Il 6y } ~
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~ Donald R. Pcrter and Patricia H. Porter, his wife
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hereina(ter called 1he mortgaflor, to
Wayne Constauction Co. ~
a corpora/ion existinfl unc~er fhe ~aws of f~~e ~lnfe oJ Florida . ils permanenl poslo~(ice ~
~dd.pss 411 Avenue A, Fort Pierce, Florida i
{~er~ina~ler called the mortgagee: `
~MAerc~er uxd Aereia tAe term~ "m«i~asor., aad "maxi[a~ce" ~aclude all t4e parues to ~Au ~mtrumest asd tAe ?~in. f
k~al nprexnuti~e~ and aa~f[m u( ~adi~~duab. and eAe wcnw,n and aati~m ol curpora~iom: aed ~Se term "wte" ~
~nclude+ all ~be outea Sereie destriAed il mote than ooe. ~ ~
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~~t~e~, ~hpt ~or good and ralua6le considerations, and also in considernlion o( the agQre- {
gal~ sum name~ in i{~e promissory note of eren dnte heretnith. I~ereina~ler dps~ri6~l. rhp mortgagor here- .
hy granls. baryains, sPIIs, a~iens, remises, cont•eys ant~ confirms unto t1~e mortgapee all t{~e certain lancr ~
o~ u~hic~i IhP mortgagor is now spizee~ anc~ in possession sifuafe in St. Lueie County. ~
f'(oric~a. aix: ~
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' Lot 4, Block 811, of PORT ST. LUCIE SECTION 32, a Subdivision
¢ according to the Plat thereof, recorded ir~ Plat Book 14, Page
23, of the public records of St. Lucie County, Florida.
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Subject to first mortgage to First Federal Savings and Loan ~
Association of Ft. Pierce dated July 1, 1971, in the originAl
amount of $17,700.00 as recorded in Of~ial Record Book
- 194, Page 455 of the Public Records of St. Lucie County, Florida. ~
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~ ~ !V .A~JDITlON TO 7HE COVENANTS HEREINAFTER SEi OUT THE AAGQTGAGfE AND MORTGA~RS
~ CCVF~I,4NT AN~J AGREE THAT: ~
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_ ~ , i The t.10RTGAGOR here:n shall make within 7 days of the due date, the payments called :
_ ~ fcr ~n the first mortgage now encumbering this property, to the MORTGAGEE herein at ~
_ ItS of#ice or some other place as designated by the MORTGAGEE herein.
~ ;2~ The MORTGA~OR herein shafl pay within 30 days of the due date all pertinent charges for fire and ;
~ ' ,~::•~dstorm insurance, al! ad ~olorem city and; or county taxes, any spe~ia~ improvement assessments and any i
^s ; other special govemmental assessments or charges. ~ ~
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~ ;3i If the MORTGAGOR herein do not make the pay-ments on the f lI'&t mortgage , the fire and ' ~
.v~ndstorm insurance prer~ums and ~overnmental taxes or s~ec~al assessments as they come due, as well as : ~
_ ~ +he p3yments called for ~n this mortgsge deed, then the MORTGAGFE herein can at 1tS
~pr,~r, makA !nese peyments, adding said p~yments made to the balance due hereunder. If any one or nll of
~ ~ rh= ~rores3;d payments re~n~in unpaid for a period of 7 days or rnore, then the MORTGAGEE can at 1tS ~
' f op~ an, ~~~~thout further netice declare the ba!ance due unde~ this mortgage due and payable in full at once ~
~ ~~c+. {orthwith p!ace she matter in the hands of an attorney for coUaction or enforcement. In this event a!I ;
~y ' =c-'s :nc~rred v?•ill be cha~geable to the balance due under this mortg~ge- :
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- ;.s'~ The MORTGAvOR herein shali ~ot further encumber this pro,wrty except by obtaining WRITTEN per- '
' ; ~-.:ssicn of the MGRTGAGEE herein and any attempt to do so without this written permission will be null ~
_ jnd void. i
~ (5? The N~CRTGAGOR herein vvill at the request of the MORTGAGEE herein, refinance the first mortgage ~ }
ncw ~ntumbering ihis pro~erty at any time deemed desiroble by the MORTGAGEE herein. The pro- ' _
1 ceeds o' the said refinarr.ng shafl be app~ied against the unpaid bafance due hereunder. i ~
~ (6} The MORTGAGOR herein will be at the requesl of the MORTGAGEE herein acknowledge, in writing, ~
- ~ ti,e exist~nce of this mortgage and the amount stil) due thereon on a estoppel form provided for this pur-
= ii pose by :he R10RTGAGEE . ,
!j ~7} Fai.ure on the part of the MORTGAGOR to comply with, perform, ar abide by any of the agreements, :
stipu(ai~ons, conditions an~ covenants as set forth above in sections 1, 2, 3, 4, 5, 6, empowers the MORT-
GAGEE herein, at his option, to declare the entire balance due hereunder, to be due and payable at once
- 'i w,trout r.otice. Failure of the MORTGAGEE herein b exercise this opiion at any time shail not constitute a ~
.vaiver of the right to exercise th~; option at some later time. ~
(81 Ths ,W10RTGAGOR further agree that this mortgage constitutes the entire controct between the par- =
>1z ! f e; hereto, th~t they havs read the provis;ons of this mortgage and the note it secures and that they are aware ~ ~
of the~r rignt to have tneir own attomey examine said mortgage together with the said note it secures and : F
adv~se them as to it_
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f (9) Th;s ~s a XA~NOC SECO:dD MORTGAGE. g^p~ ~4~~~
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