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Ex~°i~ ihp lst ~~y ~I October n. n. ~q73 6y
Jerry N. Layne and Patricia A. Layne, his wife
hereina~ter cnlled the mortgugor, to Harris Construct3 on Corporation -
a corporotion existing under the ~nwa of the State oJ FLOZ'~d3 , u,ith i~s perrrwnent posto//ice
add.ass ar 410 Orange Avenue, Fort Pierce, FLorida
hereinQ~ter cal~ the newtgagee:
(NAerrver u+ed 6ercu ~be eerms "mar~a~or asd ••mo~t~a6K~' iecludc aU ~Ae puiies a tAia imwme~t aad tle 4ein.
laytal npre~ewutives a~d m o[ i~dn•iduah. a~d t4e wccerots aed aoisas ol corpor~tioaa; ud 1~e tere "wte••
SRI
IAC~Y~ iU 1~1! ~Old ~t~ll~ mOf! [ei0 00l-~
that Jor good and uo(uable considerations, and also in considerntion o/ the agqre-
gate sum named in il~e promisswy note o/ euen date herewilh, hereina/ter described, !he mortgagor here-
by g?un[s. 6argains, sells, al~ena, remises, convey~ and rnnJirnu un~o tl~e mortgQgee aIl the certain land
o~ u~hich the morfgagor is now aeizec~ and in possesstort ailuate in St . Lue ie C~~t~,.
F~orida, viz:
Lot 32 and the south 20 feet of lot 33, BLock 4, Silver
Lake Subdivision as per plat thereof on file in plat book 10,
page ~1, St. Lucie County, FLorida.
N071CE
THIIS IS A B:11.L.r~rr~; ~?i)R1'GArF.. AT
~dA11'k1T1' 'I'.i:•,r: ' ':t.~ .
R6Cl11~En ql PA1IMflfi OE~ a~:1~.~.::•_ ,~i; ~;,i: ; = :;L
DUE OK GA4S 'C INTM1618LE PERSONAL P~~ `i ~:i 1'Fi i~ v! _ E
pURSWtIT TO CW1P?fR 71-134. IkCTS OF 1l11. OF
qCri;E~ POITFAS ~
Ci~1tK ClRCUIT CWNI. 51. IJC~E 00. F1A , 1
IN ADDI710N TO THE COVENANTS HEREINAFTER SET OUT THE MORTGAGEE AND MORTGAGORS
COVENANT AND AGREE 7HAT:
Z 1; The MORTGAGGR herein shall make within days of the due date, the payments called
- for in the 1St mortgage now encumb~ring this property, to the MORTGAGEE herein at
j otfice or some other place as designated by the M02TGAGEE herein.
t2) TF~ie
~ORTGAGOR herein shall pay wiihin 30 days of the due date all pertinenf charges for fire and
windstorm insurance, all ad valorem city and!or county taxes, any special improvement assessments and any
other speciaf governmenta~ assessmenis or charges.
. (3) If the MORTGAGOR herein do not make the pay-ments an the ~St mortgage , the fire and
' windstorm insurance premiums and governmenta! taxes or saecial vssessme~ts as they come due, as weU as
~
; the payments called fer in this mortgage deed, then the MORTGAGEE herein can at t
` opt~on make these payments, adding said payments made to the balance due hereunder. ~f eny one or all ot
` the aforesai~! p~yments remain unpaid for a period of 7 days or r*iore, then the MORTGAGEE can at 1.t 5
i option, without furth~r notice declare the balance due under this mcrtgage due and payab(e in fult at once
~ and forthwith plate the matter in the ha~ds of an attorney for collection or enforcement. In this event all
` costs incurred will be chargeable to ihe balance due under this mortgage-
(4) The MORTGAGOR herein s~ali not f~rther entumber this property except by obtaining WRITTEN per-
mission of the MORTGAGEE herein and any attempt to do so without thEs written permissio~ wil~ be null
and void.
(5? The MORTGAGOR herein will at the request of the MORTGAGEE herein, refinance the first mortgage
~ n~w encumbering this property at any time deemed desirable by the MORTGAGEE herein. TF?e pro- ~
~ ceeds of the said refinancing shall bs applied against the unpaid batance due hereunder.
(b) The MORTGAGOR herein will be at the requesf of the MORTGAGEE herein acknowledge, in writing,
the existence of this mortgage and the amount siill due ihereon 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 forih above in sections 1, 2, 3, 4, 5, b, empowers the MORT-
GAGEE herein, at his option, to declare the entire balance due hereu~de~, to be due ar~d 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 this option at some later time.
(8) The MORTGAGOR further agree that this mortgage constitutes the entire contract between the par-
t~es hereto, that they have read the provisions of this mortgage and the noie it secvres 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. 0~
! (9) 7h~s ~s a Purchase MONEY Second MORTGAGE_ g00A ~J_7 PACf
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