HomeMy WebLinkAbout1392 ' MORTOAOi Ditp • i '`/a~~~ / RAMCO FORM RE~B
TO COR?011ATION R110M INDIYIDVAI ~ -
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F_.rp~ee~c~[ ~hP 18th doy o/ September A. D. i9 72 6y '
Eugene D. Pagel and Linda E. Pagel, his wife
hereinoJler called the mortgapor, to St . Lucie Mortgage Company ;
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a corporation existing under fhe laws oJ the State oJ FlOY'3dc1 . u~itl~ its permanent posto//ice s:
°ddress a~133 N. 2nd Street, Fort Pierce, FLorida
hereinaffer calletl fhe morlgagee:
- (When~Yr wed he~cis ~Ae term+ "mwesasoi' aad ••mortsaace•• isclude all t6e puties to l6ia instrumeet ~ad t?e Aein.
(Y kttal rcprexnuti.rs and aa~~m o( individmb. asd t6e succeuors and asYi~m o! corpwatioas; aad the tma ••wtt••
- includea all the notn hrrcia deseribed i[ mae t6aa one.)
~~~n~e~~ lhat /or good uncl unlunble ronsiderations, nnd also in consideratioa o~ the agqre-
gate sum namec~ in t{~e promissory note of enen crate f~erewif~, hereinaf ter descridecr, !he mo~tgago~ ~iere-
6y granfs, baryains, se~~s, aliens, remises, conveys une~ con~irnu unfo the morfgagee all Ihe certain land
oJ which the mortgaflor is now seized and in possession situate in S.t . Luei e Coun~y.
F~oricra. ni2:
Lot 10, Block 1, Re-plat of Sunset Park Subdivision as per
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plat thereof on record in plat book 11, page 28, of the ~ :
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public records of St. Lucie County, FLorida.
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° plRS~WIT 10 qlll!'tER 71•~11. IICTi OF lY~~'J
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p~ •~b3t. WqE C0. EtA.Y
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IN ADQITION TO THE COVENANTS HEREINAFTER SET OUT THE MORTGAGEE AND MORTGAGORS
. COVENANT AND AGREE THAT:
il) The MORTGAvOR herein shall make within 7 days of the due date, the payme~fs cafled
for in the ].g~ mortgage now encumbering this property, to the MORTGAGEE herein at ~
i~ S office or some other place as designated by the MORTGAGEE herein.
(2) The MORTGAGOR herein shalt pay within 3Q days of the due date all pertinent charges for fire and
windstorm insuranae, all ad valorem city and/or county taxes, any special improvement assessments and any ~
other sp~cial governms~tal assessments or charges. i
(3) If the MORTGAGOR here;n do not make the ~nents on the ~
PaY 1St mortgage , the fire and
w;ndstorm insurance premiums and governmental taxes or special assessments as they come due, as well as ;
the payments called for in this mortgage deed, then the MORTGAGEE herein can at 3ts
option nnske these payments, adding said payments made to the balance due he~eunder. If any one or ail of ~
thz a`asesaid payments ramain unpaid for a period of 7 days or more, then the MORTGAGEE can at its #
option, without further notice dec(are the batance due under this mortgage due and payable in full at once
and forthwith place the mattsr in the hands of an attorney fo~ collsction or enforcement. In this event all ~
cosss incurred will be chargeable to the balance due under this mortgage-
(4) The MOR7GAGOR herein shall not further encumber this property except by obtaining WRITTEN per-
mission of the MORTGAGEE herein and any attempt to do so without this w~itten permission will be null
and 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 desirable by the MORTGAGEE herein. The pro- ~
ce~ds of the said refinanci~g sha!! be applied against the unpaid bafante due hsreunder. i
(6; The MORTGAGOR herein will be at the request of the MORTGAGEE herein acknowledge, in writing, {
the existence of this mortgage and the amount still due thereon on a estoppel form provided for this pur-
pose by the MORTGAGEE .
!7) Failure on the part of the MORTGAGOR to comply with, perform, or abide by any of the agreements,
stipulations, conditions and covenants as set forth above in seciions 1, 2, 3, 4, 5, b, empowers the MORT-
GAGEE herein, at his option, to declare the sntire balance due hereunder, to be due and payable at once ~
without notice. Failure of the MORTGAGEE herein to exercise this option at any time shall not constitufe a
waiver of the right to exercise this option at some later time. ;
(8) The MORTGAGOR further agree that this mortgage constitutes the entire contract between the par-
ties hereto, that they have read the provisions of this mortgage and the note it secures and that they are aware
of their right to have their own attorney examine said mortgage together with ihe said note it secures and :
advise them as to it. _
(9) This is a ~~~t~t' SEcond MORTGAGE. g~p~r~„~'~' ~
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