HomeMy WebLinkAbout2666 ~ 2+~8~50~id , . .
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Pearl Construction Co ~ Inc ~ a Florida Cor~ratinn
St . LuciQ ~,ti ~h« d..q~a.a a e+. °MaTC~?c.o~.~ «d F~RST FEOE~u snwHC.s ~a caw
I?SSOClA110N Of fORT ~IERCE. a oapa~tion orp~nis~d and ~atuaq wrbr tM laws d flw IJeiNd S~~ oi /bn~rka and h~vino ib p~Cipal pbp ol
bwk~ b th~ Ciqr of /at ?i~ra. St. lvci~ Cam1y. FbrW~, Mr~ttw d~si0n~t~d M tIM `IYIORT(i~AAQEE,"
wNEREAS th~ MatTa/?GOR M ~uatly Ind~W~d a th~ IIIWRTGAGEE ~n ~M wm of i 1 R~, ~~4A. 00 , pood «~d lawfvl mon~y ot th~ 1JeN«!
St~t~s ~dv~nc~d by tM MORTGAGEE vnto th~ N10RTGAGOR, a~vidN~ad by • autiin promiWOry noN of ~v~n dah I+rwvitl~, d whid~ th~ fdlowinp M
wwd~ ad fl~wu It ~ hw oopy, bwih -
~ 19.000.00 N„_ 3-18~, 278
fo~ Pi~ra. F~orW+~, Apr i 1 27 , ~9 72
For valw r~uiwd. 1, vw ar ~itl+a of us, promis~ w piy, withovt def~lution, ro tM o~dK of FtRSt FEOEIUL SAVINCS AND ~pAN /ISSOG1AT10N OF
FORT PIERCE at Fat PiKC~. Florid~,, th~ w~n of = 19. ~O. ~ with int~rpi froen daM ~f tiw raN of 7• 5% psr w~nuen, ln monthly katal4
rn.nn aa follows: t 154 . 00 1 S t ~y ~ AuOU S t 19 72 and . lik~ swn oe tM corrapond~np d~y of •+ch m«?th tMr~-
aft~r vntil tFw wholt b~ f~lly paid.
Esth i~ut~llm~r~t Rrst ~II b~ appli~d in p~yment of tM int~tt ~nd tMn on tM unpaW balu~o~ of th~ pincipal swn. If d auM is md~ in th~
paYrr~t of any irotalMmnt wMn dw. and wch d~fauM oontnwa SO d~y~„ thM ~t tlw option of tiw hold~r. snd without any otlwr ++otip. ap th~ rsmalninp
initalkntnta sM!! b~ dw and piyabl~ it onc~. Privil~ is yiw~ to pt~y thia oot~ in who1~ w ln put at any tirrw withoul penthy. N~ithar fonbssrw?o~.
nor saeptanc~ by t!?s hold~r tFwreof after any default in anY psyma?b her~on, shrll b~ d~~n»d ~xt~nsion. A late p~ym~nt cMrp~ of 7i_.._7Q.,, sMll b~
added ro e+ch i~ut~ltment rnn?~ininp unpaid 7 d~ys ah~ Hs du~ dat~, and • lik~ sian sh~ll b~ sddd 10 ~~th wch installee~f ran~ini~g w~paW 7 day~ afta
each sucoeed'xg paym~nt date.
Each n?ik~?, swity uid endoner I+Kwf, ioint~Y and s~wrdly, waivas d~mand, pre~+tmant praat u~d notic~ of proteat iw na~P+Yment. ~nd fwthK
agrees to any extNaion of tan~ of p~ymant, eitF+K bsfw~ w ~fi~? maturity, without notio~ to a~y of us; ~nd to pay all aosb of ooltaction. inct~x!'up ~
ressawbte anoraey i he in tl+~ ~vtnt oF any default Mr~undst, snd haeby s~ve~ally w~iws atl bemfit of homeated ud ~empY~oe~ u~d~r tM aon~titvtion
and laws of each Stat~ of tM United States, u ayainst this oblipation a any ~xtMSion w ran~wd Mr~of.
w;t,~, th. h.~d ,~d ot Nd, p+.h,. PfiARL _CONS?RUCTION CO. , INC ~
BY: s/ Gasy L. Peazl, President ~
Corporate Seal Affixed ~
ATTEST: s/ Philip Pearl. Secretarv-. ~
Tzeasurer ~
. 28 O s~,r. R.r.M,.
NOM~. THEREfORE, the IfFORTGAGOR far th~ P~i~ ~~~p WYm~t oi said wre? of 19 ~ OOO.OO , aod tM pKformanw of th~
covsninb and syrNresnts Mr~inaftsr ~xpre+sed. and for divsn ~ood and valwbl~ caaidK~Yans, bY tl~w Pr~ti, do~s pqnt. ba~~ain, sdt. nraiw.
reteas~, oonvly ~nd oonfirm unfo 1M NIORTGAGEE, i1s wooaston and assipns, ~It tlwt aatain lof. Pi~a e? Patal of land, situ+h~ IYk~Q. a~rld 6tirp In t!~
~~,~y ~ St . Lucie and St•n of Ftorid~, d.w~.d a fotlows:
Lot 1 and the West 24 feet of Lot 2, Block 4, SILVBR LAKS ~PARK
SUBDIVISION, as per plat thereof on file in Plat Book 10, page
4, Public Records of St. Lucie County, Florida,
~ S•~A-i-~ oF ~LORIDA. ~
~ IN~
P~AriE1R
~OF sTA~
' ~ ~OCUiNE~1TAo~wSTAt~1`~ - ' . crs
ti``. Q C a~ ~i fL~J~ r~~~
1~ - MY-~ V J O~ rv~wv.•¦ m a{lWiER 11~134r s Of ly~l.
V _ - = R06ER PORRAS
q ocrt.l~ et~ . " ~ ~ ~ ppy~~ ST. WCIE +C0. ~
p8,~~st~s ~
,
to~tl+~. witl, .I~ .ea .~,p~,~.. tfi. t.rwm~nt~,. ?»..dt.n~ent, ana ,ppurt.na. +~+.numo belonpinp ar in .erM?i~. +pp~r++~w +h«+b. «+a .u ru~a~, k.ua.
procNds w+d proiits ~ouui~g ~nd ro scww from said pnmsa, afl of whid~ an inel~rd~d in 1M abow and fapoin~ dMalpHoo and habu~dum.
TO HAVE AND TO MO[D tiw abow dewibd ~nd qranbd prNniwr umo th~ ~aid AAORTGJIGEE, f1s ~+caaors and Msfyns fww~. Md th~ Nld
IYSORTGAGOR fw 1tS ~ti ~xsevro~s, idminist?ators and assipea~ hK~by oov~nira~ wHh th~ s~W MORTGJ?GEE. Ns wooNwn and a~iOns,
rhst i t i s lawfu! stirsd of 1M aaid
M P~~ha in fN simplej fFwt ~he saia~ art 1?M, cbar and di~ci~d f~ae ~II Iiwr and «~tvn?
b.anus ln I+w or in ~quiry. ~nd th~+ 1 t wtll and i t s h~Ys ~MII w~rrant and d~f~nd th~ titb b 1ht unM to tM Mid
MORTGJ?GEE, its woasson ~d aisi~ns, forwer ap~inst th~ larvful el+ins and d~m~ndt of ~q pwsoewj
~nd fvIPROV~AIW~~
.x~evl~, oompl~M eomplYl P
th and ~bk4 bpTMCh and w~aY flw qipul~tiwr. ~Dn~n~wMS. oonditioer and ,a0v~a~u~ls~
p~omiasory noa and of N~& IYlo.tpa~., tl~u? N~is Morryap. and rh. EstsN h...b~r or..i.d ~h.ll aw and b. ewll and void.
IT IS UNDERSTOOD that tM wa~d "Morty+por" whetMr in th~ sinpu4r or phiral anywh~rt in this Matp~p~, ~h~tl b~ ~inpul~r If on~ ady and
shall ~~l/f~1 ~Olfltly and NvMally ij +110fr 1hM! O/N. Md thit tIN rrOf'd `1FM11~' N YiNj MIy1M~l~f~ ln 1~1M ~OII~~ ~MII bf t~ItM b nMirl ~~.~'~11M~•"
0I W~1MN?N t~N OOfl1~Xt W~jN O~ i~R1~1S. AbO, t~M? W~1~fWM 1~1M~ ~ a f~f~fMlp ~II t~M C011rM111! afld pfM111pN~ ~Mf..l~~1f.l. ~O.O~IM,~ 10 ~11y OF
fFN Piftl!{ ~1p~10. 1f1! N1M ~M~~ ~ COfN1f11ld 10 11'1lNI p MN~~ M 1~M f~fM~fM~1~~ ~1lOOp~On Mld ~/{~fl{ (at~IM ~.....•....7 ~ K1 O~ 1~M
~Mt~~M ~`f k1V'OkNlt~ bY O~fNlOfl O~ 1~M (iMl) Of t~1! lYIN i~l~ 1~N1 tfl! OO'YMMtIb ~Nf~~ll OOIM~hIld t~M~) b~lld ~fld 1~M ~f1ff~1{ Yld ~1/MM~~ ~fIW~
t0 f~N tp~C1~ ~1lift~. ~i~ flpflilM~t~YM. M10C~NOf~ YN~ ip~f4 Of 1~N P~ft~i ~NfNO.
Al1d fib µ0fls~Of~„ ~O/ 1~1/ffql~~l!! NM~ 1~1l~f ~1l~ff~ fl~q~flf~fhlN. f11COM~Of'{ MId Mt~llt~ ~Nf~I ~O~fllN Mld 1ltl~/~/ CO'W11M1~ Nld 1j~IM
t0 alld 11Y71~! t~l~ M~ ~T~~Fy ili ttlCditOff N1d ~fM: .
1. To p~y atl and sinputr tF» princip~l aed infK~a ~nd th~ variovs and ~undry w~m of mon~y piyaWr bp virtw of s~Id prani~sory na~, and thi~
mortp~. ~ and wwy. Wompth o~ tM d~Ys ~~sP~tiwfY th~ iaan ~wally b~ca~~ du~.
To p~y all and ~inpular fhe tax~s. ~sxna~t~, t~vi~a. Ii~bilNia, abli0+tions ~nd ~nannbnnas d rwy n~h~n ~nd kind now on aaid d~wlb~d
p?apaty, a fhN ha~afwr may b~ i~~y~os~d, wff~nd d+pd. Iwi~d. a aw~wd tl~noq, a tlwt IMrwftM awy b~ Iwi~d a M~~d upon th4 Mat~
+~e. a th~ M~d~M~w saw~d Iw~by, tacfi and waY, wlwn dw ~nd p~y~bM. ~ooordini b lan?. b~fon tiwY b~oon~ ~Mti+4~NeN. ~nd brfon an~? iiMwa
an~chas a+nY PM+hY is inaxred: A1~D INSOfAR AS M!Y THEREOi IS Of REC4R0't!~ s~ st+~u ee reoMrnr SATISFI~ ANO OISCliARGEO af
RKORD AND TFfE ORIGINAL OfftClAl DOCUIMENT (SIJCH AS, FOR INS?ANCE. THE TAX RKEIIT OR TNE SAi15FACT10N PAPEit OFFKIAIIY EHOORSED
OR CERTIfIEG) SHAII dE PIACED IN TME MANOS Of SAID NWRTGAGEE WITHiH TfN DA1fS NEXT AfTfR PAYNIEMs ~nd In flw eweM thq anp tlwnoi M not
p+id. ~at:sfi~d and dacl~wp~d said MORTGAGEE may ~t a~r tim~ p„r th~ aa~ w ~nq p~M tl~~of wid~ou~ w~fvinp or +ff~cti~+0 ~1l aM~. ~q~iily or
~+pM wda a~ by virtw of this monyap~ u+d tl+~ full «nooel of each and ewry wch p~rnwnf slwll b~ irmwfiialdp dw and p~yabb and s6aN b~ar ir~?!q
kom tM d~N Nwnof u~ntil paid ~t ~ate M nine pK ce~t~,en pa aenum and topah~r with wd~ intN~st ~hall be wnx~d by tM li~n of M~:s nwrprap~.
800~~•V1 PACt~
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