HomeMy WebLinkAbout0746 M v r. ~ u„ ~ t rj~._~1
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_ _MARVIN_ FAIRCLOTH~ JR._~__ _ ___..~'J. ~ $
herein "F~urtg3gur". ?rhett~er siu9ula~• or plur~l, in cansideratiun of canveyance of real property h~~reinafter ~d
destribed by t10L10A1 4Uf 1t:::dERICA AT ST. LI;CIC, It~i,., herein "~;ort~a9ce", ar,d to secure paymc»t of the ~
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balance uf tl~~ purchase price by yortya,or ooligateJ be paid, as evidenced by pr•~~~:~issory note fully
identified herein. her~hy on this 26th day of „~UIY A.D. 19~, conveys and mortyages
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to the said t'~rtgagee its successors ar.d assigns the real property in St. lucie County. Florida, described
as follohs:
Condcv~iniur.i Parcel: lot ~ cf VE~iTL':E O~JT AT 1N~IA~i RIYER. :;;C., a Condor.?ini;nn.
aecording to tha Cecla~~ation of Co~'e~iniun thereuf rec~rded in Offici3l Recor6s Sook 210 at
page 14U2, ~t. seg., of the P~~lic .-".ecards of St. Lucie County, Florida. As provided for by
the Condo:?ini.n ;ct of *.he Si~:utes t~Q State of Florida (Ci:~~ter ill, flori4a S:at~tes 19b5.
et. Seq.), said d.scriciion in this ccr.~:~•rznce includes. but is not iinited to. all appurtenances
to the Condo~iniu~ Far:el descriDe~. including the linited co^^o~ eler.,ents assiSned thereto and
including the ur.divided interest in the_ ca~~:on ele~ents of said Cor.dcniniam.
?HIS IS A PURCI'v1SE S~!J~iEY F'AR7G.4G~ 11Mn0~
31~m ~N~r=
As security tc+r the p~y,:?nt of the ;ro.:~iss~ry r.ote ef uf,ich ;he tollo,.ing is a copy: 7
~N~'~N/NSI~MNNI~N~Mff1NF1I~MfMMM~NINriVIfN~M~NNr NWM 0 O 1 ~ 3
s 7 3~7~7. 71 ~~F~~N~I(~orgi a Jul v 26 , ,9 72 uunn~ o
~ For rslue rKet•td, t. ve, er eitA!r ot us c•:~;s~ tc tsr t~ t~e orCer ot o~ ~ Q
W THIRTEEN THOUSAN~I SEV~~T ~UN~R~D THIRTY ~S~V~N 'AND~71 /100---- ~Ils~sst N itU ° ~ .
~ .3=+S PeacE.rce Goa~~ lI.E. =+itc iZiO, Atlir.i3. [r. Mr3Ule in ~ ~ 7 ~ ~ lCwal const:utire zont~l t~~
„ s.~~ 3::-r-:s s 114 4$! 1~4 59 ~,,,t ,«„~~~x~< <o o„z w~,a~ o~ ~ o~ta.< _..~th._ N"'
Q ( day ol ALQL,..~~ 19 sni one insisnment to t+ccort~e due snd payable on or belwe tAe r
i
~ daY of rxh succecd~a~ momh untd R=e whok o( sa+A 1r.~EDtr.ess n pa d, w~tA intaest trom macuntY ~t tAe rate of 10 ~e•c~•t rer ~a.r. aftn l~4ale.
~°C,, It K zo.,ee teat urr+e ~s ot tna essenc~ o! tn~s c..-t•act a^s teat In tn~ w~nt of Ce!rWt le payrt+ent o~ ~ny Infta!~meM tor a Oer~oO of tMety O~rs tn~
a pNaer o~ i:,~s n~te mav. a: ~n o. tioa. Cectara ~~I t' e rom.~na!~ p~ ~IQ eeD! au~ ~n0 t0'~ettit'e t'+J tnY 4~~ur~ to t:etClx ss~0 oDtloe tAal~ not consU•
' lutt ~ w~•tr O~ i~f ~:;~lt tC t•etC:l! :he tf~! ~t anY ~~1'!f ;1•T•s. In L:~~ erCRl ot d!~]~1t In psyment O! :Ai~ no!! t~d (l ll`! iamt 11 R~KlC In iht ~artd3
w ' Of >n 71t•`/nC)' fOI CO~ttCt.'Ji, 1. w'e. O~ t~:n.r O' us. a;rc~ !O C1Y i'1 CG1:t O' Cc~!:ttlcn. InCtuQ r.J i te~iW:ad~ lttern~v'f 1!!. In eif~ DdYmtnt 5~.7!~ n~t
D• m~~e at m~tun:Y. tnt a-a.ers. u•tves. ar.C erCCn:•s. :^~r.uY L+Q s~..ri!IY c;re~ to any ~ttensl.~ni M ftnewati af[nOUt fvtlnef noUCS. CInO~nq our- !
~ ~I~fs t4f D~Y~"~'.l nHt01, tf if np catCf.f10f1t Of t.n~.r L! 1.:rLla/ant~ Ot ~ iY~n~nt hJ0 ClOn ma0! Of Sl~tltt0.
1, oz r.e, an0 tx~ el..~; WA?SM:.• ,7n~C~: rl. fv~fh =.,drJ^LOI. 2"~Crs(7, M 4:0!! (e3rty hE«IO, agree to De lo~ntly a~+d severalty bound. 1, or ne, ~ r i DO
Q Wth fucther na~ceormand. prctest,ta,ict tf te-ln_, CrM.eSt, t~A rAr.-Da nt. N
° G1ren under tIK Nrd ard s-~al of cacn Rar,y_ '
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501 No t~j Du-Po ghway ,
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l:ortgagor fully warrants the titie to said land and Hill defend the sarae agair~st the lawful clair~.: of ali"~"!~~
persons ti:ho~aseever, and agre~~s:
1. Ta r.u:ke all payc~r.`s req~•ired hy tFat note and ~h~s r~ortg~g~ pre^~ptly r?hen due.
2. Ta pay all taxes, assess~:ents. lier.s and eocu:r,hrances on that property pror,~ptly tihen due.
If they are not pr~nptl_v paid *_he ':er'.~•agee c4y pay the~ tirithe~t Haiv~ing the option to foreclose, and s~ch
pay+r.enis, ::itb int^~est ?'lerPQr~ frrx:i the date pa}~:ent rt the same rate as specified in that note, shall i
also be secu~ed by tnis r.:~rt~ay^e.
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' 3. Tu co:~nit, pemit, or suffer no hast~, ir~,airn.~nt c~r ~eterioration of the r..~rtgaged property, f
,
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~ 4. To pay all expenses reasonably i~;curred by the t;or;gagee because of failure of the F!ortgagor to ~
E cor~, ly tritt~ L!ie agr~e:.:?nis in t!~at not~ or this rort;age, in~l:,ding reascnable a:torneys' fees and titte
searches. 7he co>t ,h~re~f, h~th interest tn2reon frcn tne day of pay-r^nt at the sar.e rate as specified ~
~ in that note, shall also be secured by this ncrtgzgp.
~ 5. If any payeent pro•.~id~d for in that no:~ is not paid w;thin s0 days aft~r it b~co:r.es due, o~ if
any agre~::?nt in this -~.:,rig:^= ath?r thar~ tne ?gre~,~e:,[ to ~:a%:e the rayr:r,is is ~rc3ched, tt~e eniire ur.paia
principal !:alancr= o~ th:~ :~c:e shjll 7C"^_-:il'aCE~IJ ~E:e.r.e ~~e at the option cf the :'ortgag~e ard ~•'.artqagee r.ay
foreclose this ::ortyage ir tne r~nr.~r pr~:ide~ by lax, an~ have the ~~~rtgaged property sold to satisfy o?- ~
apply on thc inde5te~ness ~tereb}• secure~. `
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6. The rentc arC ~rofits o~ Lhe r.,ar~s~;~d pro~erty are also ?~eret>y r~ortgaged ~nd if procce~ir~~s to
foreclose tF~:S ~Ot't!;d~2 S~~d~~ bc^ l~Sil`.t~:?~!, :~e COUt'L h?~'~~~ ?1:?'15~?CC7C~ Lh^r~Of s~:culd acpoinY a 1'ECPlY21'
of the R~r'e~:~S pro.^er;v as~~i a;cly :t,r-.;. r,r,;_ ~ri f=r~=~t~ :o the indebte„r:~-ss t~ereby se~ured, re,Jr~i~ss
Pf t!1^ ~O~YC: ~y pl t+t ±:^1'tna^yi•1' Or ~rii' aC~f~ ~:i2~f Cf t(:t ii'~UYlty.
lti k'17t:! ~S KNEP.zC1F, tiic E;^.rL~~agor F~~s he:~unto set his f:ar,d and seal the day and year first aborc r:ritten.
~ S~yned, Sea?c,: and G iivere~ ~
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f MiR~NItT TO ~R 11•13~. AC~S ~ ly~J~.~~~ ~
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