The URL can be used to link to this page

Home My WebLink About2590 ~f 1J MORT~iA06 D[ED t RAMCO FORM RE~S Q' 1Y TO COAWRATION /ROM INGIV1DUAl /1I~~)~O , J ~~/f ~t ` ~ ~ ~ j ~ June A. D. l9 ~ 2 by F.x~~~~~ ~hP 30 d~y ol Bradford Davis, a single adult hereina(ter called the mortgagor, fo wAm~ co~s~ucTto~ cor~rA~~ a corporalion exisfi~ifl under the ~aws oj fhe $tate o~ Florida , u~ilh Ifs permanenf postoJjice nclc~ress a~ 411 Avenue A, Ft. Pierce, F1 33450 hereinajter called !he mortgogee: IN'6emYr used Aenu t6e trrms "mor~ador•• and ••mortptK' i~cludr aU tAe psrties to tAis iaswae~t ~~d tAe kin. le~al reprt~enuti~ea aad as~~as of i~dividuah. aed t6e aucnsx~rs aad arixm o( tntpaatioa+: aad t!t ters ••~oa•• includes all tAe w~es ?ereia dertribed it owr tAas one.) that jor good and ralua6le eonsideratioru, and aLso in consideration oj the agqre- gate sum named in !he promissory ~ote oj even date herewith. hereina/ter des~6ed. ll~e mortgugor I~ere- bv grants, bnrgains, sells, aliens, remises, conveys and rnnjirms unto f1~e mortgagee all the ce~tain land of whic{~ ttie mortgagor is now seizecl nnd in possesston aituate in $ t• I.UC1@ County. Florida ut:: ~ Lot 3~ D. D. A. Subdivision, as recorded in Plat !3oo!c 15, Page 23, of the Public Records of St. Lucie C~unty, Florida. Subject to First ;iortgage to First Federal Savings and Loan Association of St. Lucie County, Ft. Pierce. Florida, in the amount of $21,600,00 ~ G M PAriENf Of T1~3 _ ~ ` pl~ pN Cv1SS'C' INTANCtBtE PE'~SOKAI. PR~PE~tY. ~WfT Tp CHAP?ER 71-1~1. IIC'IS Of 1l~L~r~ ROQFR POITR~S ~ qi~11T OpURT~ ST. LUCIE CC, f1~ . , ~ , . IN ADDITION TO THE COVENANTS HEREINAFTER SET OUT THE MORTGAGEE AND MORTG/1itaORS ~ COVENANT AND AGREE THAT: ~ I (1) The MORTGAGOR herein shall make within 7 days of ths due dats, ths psyments 4allsd ! for in the f 1t8 t mortgags now entumbe~inq this property, to the MORTGAGEE herein at i ~ 1tS office or some other place as designated by the MORTGAGEE herein. ~ (2) The MORTGAGOR herein shall psy within 30 days of the due date all peNinent charges for fire an~ ~ ~ windstorm insurance, all ad vobrem city and/or oounty taxes, any special improvement assessments and any other special governmental assessme~ts or charges. (3) If the MORTGAGOR herein do not make the pay-ments on the f irs t mortgage , the fire snd windstorm insurance premiums and governrr~ental taxes o~ special assessments as they come due, as wel) as the payments called for in this mortgage deed, ihen the MORTGAGEE herein can at itS ~ option make these payments, adding said payments made to the balance due hereunder. If any one or all of the aforesaid payments remain unpaid for a period of 7 days or more, ihen the MORTGAGEE can at option, v~ithout further notice declare the balance due under this mortgage due and payabfe in full at once and forthwith place the matter in the hands of an attorney for collection or enforcement. In ihis evenf all co:ts incurred will be chargeable to the balance due under this mortgage- (4) The MORTGAGOR herein shall not further encumber this property except by obtaining WRITTEN per- miss+on of the MORTGAGEE herein and any attempt to do so without this written permission will be null ~ snd void. (5) The MORTGAGOR herein will at the request of the MORTGAGEE herein, refinance the first mortgage ~ now encumbering this property at any time deemed desiroble by the MORTGAGEE herein. The pro- ~ ceeds of the said refinancing shall be applied against the unpaid bala~ce due hereunder. (6) The W10RTGAGOR herein will be at the ~equest of the MORTGAGEE herein acknowledge, in writing, the existence of this mortgage and the amount stil) due ihereon on a estoppel form p~ovided for this pur- pose by the MORTGAGEE . t7) Failure on the part of the MORTGAGOR to comply with, perform, or abide by any of the agreements, stipulations, conditions and tovenants as set forth above in sections 1, 2, 3, 4, 5, 6, empowers the MORT- r~ GAGEE herein, at his option, to declare the entire balance due hereunder, to be due and payable at once without notice. Fai{ure of the MORTGAGEE herein to exercise this option at any time shall not co~stitute a woiver of the right to exercise this option at some later time. ~ ~ ~ ;(8) The MORTGAGOR further agree that this mortgage constitutes the entire controd between the par- ~ ' ties hereto, that they have read the provisions of this mortgage and the note it secures and ihat they are aware ~ ~ of their right to have their own a»omey examine said mortgage together with fhe said note it secures and ~ advise them as to it. ~ (9) This is a MORTGAGE. ~ ~i~~ Second ~ hr~ e~ 0 R UJ ~J~ ~ BOOx PA~ ~ ~ ` . _ z~ s