HomeMy WebLinkAbout4703 il MORTOAGE OEEO ~ / / RAMCO FORM RE3S '
TO CCR?~RATtOM PROff ffiDtYiOUAl ` ,
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1:..~~-~~~MI ~h~~ 29th d~~~ December A. 1). i~2 F'y i
Ernest C. Lundberg and Phoebe W. Lundber~, his wife i
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hpr~inu~lvr callecl flie morfqatior, ~a St . Lucie Mortgage Company ~
a rorporation v.risfinry un~er 1{ie ~uws of f{~e ~fate o( Florida . ~•ith its permanenf posto~~ice ~
°ddr~ss ar 133 N. 4th Street, Fort Pierce, FLorida ~
I~~reina(It~r called Ihe mort~n~c~: j
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IN'Aen.rr used Aereia the terms "mortgaRor" aod "mort[as~c" iaciode all ~he partie~ to tAia inslruroeat aad ~Ae Aein. ~
letal reprexnutives and assirns o( iadi~idwb. and the wccewKS and assirns ~d c.xpuntion+: aad tAe term •'sol~" ~
include+ all the nutn herein dexnbed iS m.xe than une. i I
~itnesseN~~ ~h0~ ~Of QO~ A11~ i'A~l1Q~~p consitlerations, ancl U~SO l?1 CO/ISI~P~Q~tO?1 O' ~~IP ay~lre- `
~afP sum name~I in l~~e promissory note oJ ~i~pn ~ate {ternu~illi. I~ereina(ter c~escribec~, itie morlgagor here- ~
by ~lrants. haryains, sells, aliens, remises, coni~Pys an~1 con(irms unto the mort~ac~ee all the certain land '
o~ u~hic~~ the moriyagor is now s~ize~ anc~ in posscssion SIIUAIP in . Lucie ~ounty, j
E~~oret~a. riz: i
Lots 24, 25, 26, 27 of Block "B" of HunLas Subdivision, as
per plat thereof on file in plat book 5, at page 47, of the
public records of St. Lucie County, FLorida. '
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~ IN'ADDITION TO THE COVENANTS HERElNAFTER SET OUT THE lJ40RTGAGEE AND MORTGAGORS
~ COVENANT AND AGREE THAT:
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~ ` (1; Th~ W10RTGAGGRSherein sha!1 make within 'j days of the due date, the payments called
~ ! for ;n the lst mortgage now encumbering this property, to the MORTGAGEE herein at
~ its office or some other place as designated by the MORTGAGEE herein. ;
~ {2) The MOkTGAGOR 5 herein shall pay within 30 days of the due date all pertinent charges for fire and ;
~ w~ndstorm insurance, ~II ad valerem city and:~or county taxes, any specia~ improvement assessments and any ~
~ - oth~r spe:.ia! governmenta) assessments or charges. ;
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;3) If the N~ORTGAGORS herein do not make the pay-ments on the 1St mortgage , the fire and I
~ v~indstorm insurance premiums and governmental taxes or special assessments as they come due, as well as ~
~ the payments called for in this mortgsge deed, then the MORTGAGEE herein can at 1.tS
cption m~ke these paym~nts, adding said payments made to the balance due hereunder. If any one or all of
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~ !h~ aforesaid payments remain unpaid for a period of 7 days or more, then the MORTGAGEE can at 1ts i
- ;ption, ~vitnout further notice declare the balance due under this mortgage due and payable in full at once '
~ I and forfh•~•ith place the matter in the hands of an attorney #or coll~ction or enforcement. In this event all ;
_ ~ cosFS incurred w~ll be chargeable to the balance due under this mortgage- ;
~ The M.ORTGAGORS herein shall not further encumber this property except by obtaining WRITTEN per- i
i •r.:~s+~n of tl~~ MORTGAGEE herein and any attempt to do so without this written permission will be null :
_ _ ~ ~nd void. '
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( !5} The MORTGAGORS herein wiil at the request of the MORTGAGEE herein, refinance the first mortgage F
~ r~ow encumbering this pr~perty at any time deemed desirable by the MORTGAGEE herein. The pro- '
! ceeds of the said refinancing sha11 be applied against the unpaid balance due hereunder.
I~ (6i The MORTGAGORS herein will be at the request of the MORTGAGEE herein acknowledge, in writing, ;
I~ t!~e existence of this mortgage and the amount still due thereon on a estoppel form provided for this pur-
pose by the MORTGAGEE . i
= i~ `7) Failure on the part of the MORTGAGORS to comply with, perform, or abide by any of the agreements, !
- ;tiputations, conditions and covenants as sEt forth above in sections 1, 2, 3, 4, 5, 6, empowers the MORT-
~'=~i ,j ;,AGcE herein, at his optio~, to declare the entire balance due hereunder, to be due and payable at once
;j v~:thout notice. Failure of the MORTGAGEE herein to exercise this option at any time shall not constitute a
;°;:r ~ v.~aiver of the right to exercise this option at some later time.
I~ (8) The MORTGAGORS further agree that this mortgage constitutes the entire contract between fhe par-
i ties he:eto, rhat they have read the provisions of this mortgage and the note it secures and that they are aware ~
_ ; of their right to have their ov~n attorney examine said mortgage together with the said note it secu~es and
; advise them as to i!.
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~i !91 Tt,fs ~sa ~~~x second MORTGAGE. R i;ir~~~~ ~;~~c f)
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