HomeMy WebLinkAbout2964 25~1S6 ~
preyired Dy ~n?sn+..~a ~?ddrwl:
STATE OF FLORtDA B. D. Rer~
p r t~ g$~ • ~r~~omrq ~ty~~c~n~FNT CCh1PANV QF FLORIDA
COUNTY OF ~ S._ L~scie _ a; _
. C• i2 c R~y' ;rt St. - P. 0. Boz 1626
M~thovr;.e, F~~ri~a 3?9~1 • Ph~r,e: 7-1471
P~ul L. Weil and Delores Weil his wife
he~einafter cailed Mortyayor, in oon:Wsratbn af ths principal tum ~tifiod in fhs prxnissory ~ote heseafter
, described, roceived fro~+~+ Securities InveStr~ent Gnm,~ A•~y„~_~l ~ri d~
hereinaher called Mortgage¢,(wFikh terms Mortga~or and Mort4sprs ~hall bs oonstrusd to tncluds the plur~l
, ' ~ • 6 d. of
as well as the singula~, whens~ve~ the oontext so permils or nquiro~ hKebY o~ thia Y
• June ~ 1973~ b~~~y~~ ~ ns1 prvp~rty t~ St. Lucie
; Counry, florida, desuibed as:
i'
~~r`- Lot 6~ ~lock ?6~ R.iver Park Unit 9~ Purt A~ accordin~ to the
~ . plat thereof as recorded in Plat Book 1l~~ Page 31~ in the ~u~lic
rec~rds of St. Lucie~ County.
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~ ~ ~ ATE ~F FLOR~CpA 1
~OCUMfNTARY~-:;.
- .~STAMP i~.) j -
UEPT. 0~ REYENUE
~r, ~ P.B. ~ wJll'6'73 ~ O ~ '
~ `,~~o~ 6 5 ~
t ~rym - ~ IN PAYMEM OF TA'~S
OtIE ON q11SS ~C INTN161BLE PER90NAL PP.O?ERiY.
pUR~iAKT Tp C11AP'iER 71-134. ACTS OF 19i1.~, c~
'r' R06ER POR°.AS O
CLERK CIR6UIT C~1RT, ~f. ~:wtt C0. f~_a.
~ i
q.
es securitv fot the psym~nt of ih~ folbwirp:
T4o (2) ~Pronissor;~ \otes of ev::n date 1~eres~itL and naturtn~ oa the 6 day of J~~ne 19~.
~ of vnich one ie for tt~c paycient of S 3037.15 prineipal an~t sia~le interest thcrcon at thc r:?te
~
~ of lOx per annum in 3£ consecutive nanthly installoan[s of principal and intr_r.:st. be~inning on
the 6 day oE ~~11Z 19?~. anc1, the other of vhich is for t.~z payr»=nt of $ -fl"
principal at its ~.lturity and of si~+2e interest thereon rantl~ly at t2:e sarx~ rate~ the ;:ayr:er.t sclied-
ules of the tuo ~o[es beinr such ti~at on r+ny day on vhicli a payr~ent is due under one a;+~~^:ent is
also due under tiie other. The 'Sortpa~ors hereby irrevocably ar,rce that if :~ny ~a;:icnt nade by thea
to thc :brt~a~ee is less than [he sun of all aaaunts due and past due on both Notes, tlie 'tortFa~;ce
n.zy treat the paynent as made entirely on one of tl~e tvo yotes, ~+hichever the ttort~a~ee nay select
for thc purpose, or as wade partly on one and partly on tht otner in such proportions as tne :brto3Sce
r..~y dete:aine, provided as folla+s: (a) the application of the payment shall no[ be such as to effect
payncnt of nny part of the principal of either 'iote before auch part is due; and (o) to the e:ctent
t:~at a paynent is accordingly deer.?ed or treated as a pa~naent on the Note payable in nonthly it?stall-
eient~ of principal and interest, auch payseat ehall be applied fisst to inteseat and then Co princi-
pal outatandinR on that Note.
.
AND Mortga~gor agrees to the folloving, ia vtdch the votd "aote" refer~ to sach Note .aforessid:
1. This mortgage shall also secure su~d~ future or sdditional advanass as may bs made by the Mat9s~se et th~
option of Mortgagee to the Mortgagor, or the sucaesson in titl~ oi Mortgagor, for any purpose p~ovided tfiat
all such advanoes are ro be made within twenty ytan fran th~ d~te of this mortgaqs or within wch lesser
per'wd of time as may hereafter be provided by law as e pnrequisit~ for the sufficiency of adual ndio~ or
record notice of such optanal future or addNional sdvanaes as sssinst the r'ights of ueditors or subsequMt
purchasers for a valuabk aonsideration. The total amount of indebtedneu secured by this mortgaqe maY
decrease or increase from time to time, but the total unpaid balsnoe so secured at any one time shall tw~t
exceed ; 10, 000.00 ~
plus interest thereon and any disbursements meds by the Mortgagee pursuant to the authority
of this mortgage witfi inte~est on such disbursements.
To make all payment: required by the note and this mortyage promptly when due.
S. To pay all taxes, assessments, liena and encumbrances on ths prop~rty promptly when due. If they ars ~of
promptly paid, the Mortgagee may pay them without waivirp the option to foreclose, and such peymenh,
with interest at a rote 2% higher thsn the note secured hereby or at ths maximum rate allowed by law,
whichever i: lesser, ~all be payabk on demend by Mortya~e~ and sf~all bs ~ecured by this morqs~e.
F250-FIA.-3/73 8~~^~!~(.~1`~ ~~1.:~~i1E)(1
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