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~0. T1~t If at anr dme wf~iie thb na~t4aj• b In Je~wlt the mo?tKrAec{ pn,pr~tr iha~l be ab.nson~d. v~catecl w left unsttenJed the
~+~~R+Ree. IF In ita ctture~tton .uch .te~a are neceswry Eor th~ protectlon ni th• ptopeety. ~}u~ll h~ve the riR1+~. pa+rer an~ aut}?ority at its
option to enter upon the peope~tr and to ~vre .aak br ch~n~lin~t locb the?eoe~, to palnt Anil re~ir Yuch premlxa. and ta pl~ce ~IRns thsre~+n
r.otlfrin~t th~t It h~~ taien pow~lon af the prrn+lse~ ant! It may al~o pl+~ce al;m thereoa offertn~ to +ell the prrmises suh~ect to It~ acnuidtinn
c+f title thento by lorecloture p~oceedin;s or otheewix; ~nd anr ~uch actbn br the MoKRaAse z~ descrfned above ~hr{i not he deemed tc+ hr
n teespnss tre+~~sey or unliwful detainer uqon such prrmises. All +utm pald o? ~dvsnced bv tha Mort~aRCe in ihe qnNect~^n of the _
mn~tR~Rrd premix~s as heetln provided ~haU be chapted Into ths mottsts~t~ account and hezome an lntexeal Fart ehcreof. .uhjrct io ail re~pects ~
to the ternu. cnnditions and corenants of the afo~~id promis~ory nete, and thu moKRaYe. a~ fully and to the s~me exteot a~ tlx~uRh a paR of
the o~iAfnal indei~tecloes~ eddenced by sald note and ~ecvred br thl~ n+or,aaAe. e:c~eotin~. however. that said sums sfi~ll~ be ~ep+iJ to the '
I?loetRaRer forthwit~+ upon its dem~nd ~nd ba in sddltion to the reRulat monthlr In~tsUrnent~ provided by the mortgspce note.
2l. T7?at In the eveot tl?e p~e+nbes herrb~r tnoR~aqed. or anr p~K ~hereof ~hall ba condemned ~nd t~titn for public u..e unde~ the
puwer of ~minmt domain, the I?tortg~;ee ~haU ~+ava t~e ritht to rrqulrc that .ii a.m~~« ~watded for- ~he, talcr+g of or dam~Re to said
prer:?Ise~ ~all be patd to the Mortgatee, not to e:ceed the t!+a~ unprld bala~ce oi thi~ nor!gaqe and the note secv~ed hereby and at the
o~aon c~f the Mort=aQee may be ~ppUed upon the Days~r.+t or ~~+enes la~t ~rabls hreon.
2.2. To fuN~+er secure p~rn+ent of ttie indebtedne~ of the Z{oet~aAor to the ~lort~agee. the MortRaAor dae~ herebr xli. ass(~, tansFer '
and ~~t me~ unto t'~e ~1oRR~~ee all of the tenb. I~~u!a and proAb of the tnoP'g~~ed pt+estfl~d. and ttil~ usignmcnt shall becoine operative upon
a~y deiault beinR nade br the Mortza,~or under the ter.ns of thl: mo?t,ta~e or the note secured hereby. and sh~li remain in full force and
e~rect ~o ion~ u ony ~efault contiaues to e:ut tn the makin; d a~y of tbe payTenb or the perFom+ince c~E any of tfie oovenaot: of thia moR-
ga~e o~ :he ~ote secvnd hercby. ~nd the Mortxagee shall have the dght to entet upon the prer.~ise~ and coUsct same directly from penons in
~cx~.ion.
23. lE this mortgaRe be Eor the purpose oE Snancing conrttuttlon or improvemenb upon the propeetr deseribed in pangraph 28 below
the Con:teuction Loan Agrntnent betwces+ the partia of even ~~te herowlth b htetbr made ~ part of thi~ mortgage by rrference u though
fully set forth herein.
'I'he principal oE the mattgage note seaued by this mortgage b;F. ' f ty T~ao Thous and Four ~
s . - `
Hundred Twenty Five and 00/100---------- DO~~( 52 425.00 )
25. The Mortgagoahrrein k are CECIL E. PRESCOTT and ~f R^~ ~ r~ PRESCOTT, his wi
and ROBERT J. SCHLICHTER and HELGA SCHLICHTER, his wife,
28. The real estate encumbered by this mortgage is situate in St. Lucie County, State of Florida. and 'u
IegaUy dexribed as: -
As descri.bed on the Schedule annexed llereto. R
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MriE~R a TA~ ~
27 . This is a Purchase Money Mortgage . ~ ~ ~ ~~t~ ~t(~ ?eoret~t~
1tlR~tllqT to dwt~ 7t•If~. AC~s oF 3~)L
RO~ER lOQ11113 .
. ~ q~ OIACWi 001lii'r. 3T. tfIC1E OQ. R~
IN WITNESS WHEREOF,_the Mortgagor has cawed thae presenb to be execvtrd an thi~ ~ 72
Signed, sealed and delivered -
in the prestnce of:
, ~
' - ~ "~~.i~~~ ~J,~G~-~~ `
(s~?L)
~ CECI E. PRESCOTT
~
I ~ ~
i
I N~ p ESCOTT
~ 1 . - ~
~ . (sE,u,) ;
ROBERT CHLICATER
;
~ ~c.~.~~,~'~
~ HELGA SCEiLZCHTER
STATE OF FLORIDA )
COUNTY OF DADE )
I herebp certJy that on this dar, before me, an o~oer duly ~utlw~iud In the state aEoissaid and ta tht eountr dore~aid to talce
acknowledgrnenb, peteonaily sppeared ~
KsPcc'i~ely President and Serretary of
corporation~ to me known to be the penons daccibed in and who ezeented the foresoing in:trua~ent and sckoo~wledsed before iae th~t ~
they esecuted the same for md on behalf of said aorporatlon fo~ tbe pmpo~ses tln~n e:per»ed.
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- WITNESS my hand ~nd o~rial snl in the countr ~nd atate I~t aforaafd oo thi~ S'' '
,Y ~ t~
.t~' ~
.
~ My commission expira: : ~ Q'.•'' .~'~%r ~s?~:
~ Notaey Publ[e, State of f
1 s at' ' e.
- ~t ,~,r _
~i. ~!'~'O.c' ~ ,
STATE OF FLOAIDA ) .Z~~.:t ' '
cou~nr oF ~ l~ : , 3, _ ;
S~~U~I E) - ~ ~ A
I heteby cirtify lf:at on thu day. beFore me, ~n o61c~r dolr authotixed In the state aforaaW and frF.jhe'~ r Sid to take
~cinowledRmenb, personally ~pprsred CECIL E. PRESCOTT and v~~ N/~ C PR~~~i"~f ,.1~1•is wife, ~
and ROBERT J. SCHLICHTER and HELGA SCHLICHTER, his wi.fe, '
t~ me known to be the penon(s) dexribed In •nd who e:ecvted the foe~s~dng lnrtroment and ~cSmowledAed befofe me th~t ~'he,( e:ecvter!
th_ same for the puraoses thercin e~~resxd.
~~iT:~ESS my ha~d ind o6tid sesl in the counly snd :tats Wt •fors~ald on tl+b e-*~ a.;~.~1,~ J~
w ~
~
~r COR1tM1f30}I ~IpIfLl: • • ~i1~i~
~ Notary Pub:k, St~te cf F7orids at l.arge ~
~j`I/7.Sf PACE TH1ZE - . . ~ R - ~
80GK ~ PAI',~
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