HomeMy WebLinkAbout4700 1~ MORTaAGE OEEO ~J~J RAMGO FORM RE3S (
TO COR?ORATtON FROM INDiV~DUAI ~l~a~i,~~~~ y
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;t ~ IiXPfUI~ IhP 26tr dav oJ December A. I~. 1972 by I
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J. R. Duncan and Mindy Duncan, his wife ~
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~,~}Z h~rPinn(ter cnlled the mortga~or, toSt . Lucie Mortgage Company i
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'Q~~~ a corporafion PYIS~IIIfl under ?he laws o~ fhe Sfate ~I FLorida . u~~~h its permanenl posfo(Jice ~
~1-p;w °dd'ess °r 1~3 N. 4th Street, Fort Pierce, FLorida ~
~.1111{ii~ ~~ereinaJter ca etI fhe mortpage~: I
: ~ z] Q ~ INlxrr~er uud Aercin the trrms "mwt~asor" aad "morteasee" iarlude all ~Ae puties to this insltYnltlll asd the hein. ~
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le~al repratr.uti~rs and aasiRm ot iadividuals. and tAe wcceax.ri and auiea+ n( rurpurations: aad the urm "eotr" l
irKludes all t6e ootef Aereia dexribed il mwe t6an une.l ~
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~itnesseth~ Ihat (or good and i~aluable consiclerations, and also in consideration o) the agqre- ~
gnf~ sum name~ in ihe promissory nofe oJ enen date here~oitle. {~ereina~ter crescribed, t{~e mortgagor here- j
by granls, baryains, s~~~s, a~iens, remises. con~+eys anc~ conJirms unfo lhe morigagee al~ the certain ~ant~ j
o~ u~h~~h i1~e morfgagor is now seized and in possession situate in Ct = Lueie County. ~
F=lorida. i~iz: ~
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Parcel #1--Lot 14, Block 6, Ruhlman Subdivision as per plat '
therec~f ~n plat book 6, page 55, of the public records :
of St. Lucie County, Florida. ~
Parcel #2--Lot 13, Block 6, Ruhlman Su~division as per plat ;
thereof in plat book 9, at ~age 55, of the public records~
of St. Lucie County, FLorida ~
This is a 2nd mortgage with regards to Parcel #2 and a third
mortgage with regards to Parcel #l. i
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~p IK PA1?t/ENT Of TIU(FS ~
DUE ON CIASS 'C It4TMi6t9lE PERSONAL I~RPEJIiY~ I
p~~WMt Tp (~1APTE4 I1-134, ACTS Of 1~/1. ~
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~ iN ADDITION 70 THE COVENAN7S HEREINAFTER SET OUT THE MV~2TGAGEE AND MORTGAGORS ~
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COVENANT AND AGREE THAT:
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; The MORTGA~ORy herein sha{I make within 7 days of the due date, the payments called i
~ for ;n the 1St mortgage now encumbering this property, to the MORTGAGEE herein at
office or some other place as designated by the MORTGAGEE herein. `
~ ;2) ~~e MORTGAGORS herein shall pay within 30 days of the due date all pertinent charges for fire and ;
~ windstorm insurance, a!I ad valorem city and/or county taxes, any special improvement assessments and any i
~ other spe:ial govemmentai assessments or charges. :
~ t3} If the AriORTGAGORS herein do not make the pay-ments on the 1St mortgage , the fire and ~
~ tivindstorrn insurance pre^~~ums 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 7.t S '
~ ~ption mal.e these payments, adding said payments made to the balance due hereunder. If any one or all of !
~ the aforesaid oayments remsin unpaid for a period of 7 days or more, then the MORTGAGEE can at it S~
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- oat;oc?, ~vitho~t further notice declare the balan:e due under this mortgage due and payable in full at once '
~:c~d forthv~ith place the matter in the hands of an attorney for collection or enfQrcement. In this event all :
:os;s incurred will be chargeable to the balance due under this mortgage• '
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- (4j The A40RTGAGOR`~ herein shall not further encumber this property except by obtaining WRITTEN per- !
~~~ssio~~ of the ti10RTGAGEE herein and any attemps to do so without this written permission will be nu~) ~
a~ ~d 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- i
- ce~ds of the said refinancing shall be applied against the unp~id balance due hereunder. {
(6) The MORTGAGORS herein will be at the request of the MORTGAGEE herein acknowledge, in writing,
~ tne zxistence of this mortgage and the amount still due thereon on a estoppel form provided for this pur-
pose by the MORTGAGEE . ~
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~ '7) Failure on the pa~t of the MORTGAGOR~ to comply with, perform, or abide by any of fhe agreements, (
~I stipulations, conditions'and covenants as set forth above in sections 1, 2, 3, 4, 5, b, empowers the MORT-
vAGEE herein, at his option, to declare the entire 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 constitute a',
waiver of the right to exercise thi; option at some later time.
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~ (8) The MORTGAGORy further agree that this mortgage constitutes the eniire contract between the par- ,
' tie~ h~~reto, that they havs read the provisions of this mortgage and the note it secures and that they are aware ~
of their right to have their own 3ttorney examine said mortgage together with the said note it secures and '
advise them as to it_ ~;;~r t~~~ ~A` ~)n~
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q~+ (9) Th~; is a $c e ~ 60 ~ e ~A~1~~ MORTGAGE. ' f ~~7
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