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HomeMy WebLinkAbout0984 orginal mte. • ~ _ _ _ ~ _ MORTGAGE . T~~:s \1^RTCAf.i, Tq~1• thi. Z~tl'1 d~y o( December ~•~~~5 , A p. 1~ 73 h~'`"M" William E. Teschr~e r p~~,-.~ ~ ~ ~ri~ ~ T~A , W.E PERSOIiAL PtiOPERIY, Pierce .^~t ro~R 71•13t. ACT~ p~ !y?~. ~ called the ~1ortR~~or, and $Uri Bank of Ft. ~ppfR patWlS ~j! called the~ ~1~rtRaRrc' ;:E~r C19ttlIT OOURT. Si. lu(:~E OD., Fl.il ~ . Wm~?~FTH. That the said Motta~~or ,(or ~nd in rnnsidentio~ of the sum o( 6, 534. fi0 Do~ia?~ t^ 211lri irt h~nd paid by the said rtottaa~ce , the rereipt w•hercnF is her~by ackn~wledRed, hg8 Rrantcd, barEained and sold to the said Mon~~ee . his suCCessor8 . heirs and usigns forc.•er, the tollow~in~ deccrihed lat~d, situate, lyins and betna in the C,~unty oi St. LuCie , State of FloridS ~^•~~t: Lot 1, Block 14, MARAVILLA PLAZA, a Subdivision as per Plat thereof, recorded in Plat Book 5, page 44, Public records of St. Lucie County, Florida; A LSO That part of Lot 70, MARAVILLA, a Subdivision as per plat thereof, recorded in Plat Book 7, page 31, Public Records of St. Lucie County, Florida, more particularly described as follows: Beginning at the Northeasterly corner of said Lot 70, thence run West along the North bvundary of said Lot 70, 150 feet; thence run Southwesterly along the Easterly boundary of a 15 foot alley to a point on the South boundary of said Lot ?0, I50 feet VlTest of the South- easterly corner of said Lot 'T0; thence run East along the South Boundary of said Lot ?0, to the Southeasterly corner of said Lot 70; thence run Northeasterly along the Easterly boundary of said Lot 70, to the Point of Beginning. Subject to covenants, restrictions and easements of record; zoning and other reglatory ordinances. and the said Mortsasor do hereby fulip warrant the ttde to uid land. ~nd will deFend the same asaitut the I~wful daims of ail persont wrhomsorver. Fnovroau Atw,?ts, 'That iE said Mortaasor , his }~e~rs, 1e~~~ Kpretenutives or aui~ shal~ py to the wd Mort~~ce , i s s uc C e s s o r Slesal npresentadves or assi6ns the princip) sum of S~, ~ 4-~ n as tvideneed by that cert~in promissory note of even date herewith e:ecuted by Morts~or. ~rith inttrrst and upon the terms as p~vided therein, the tinal maturity d~te of which note ~nd oE this mortEtae bei~• __~~~o12er 19 78 which tau povida that ~11 ituulUnents of princi- p~l ~nd interat are p~yable ~t the ia of papee. Orlando. Flodda. or at such other ptace as the !?otda may desi~ te in writina, and that t~ch maker aad endorar agee m p~y all aom of mllection, includinE a reason~ble ~ttomey's fee, upon default in the p~p- ment of said note, ~nd that iE default be m~de in the p~~ne~ent of a~y installenent thereunder ~nd tEut if such defautt is not m~de sood in accordance writh the tere~s oE s~id notG t2ut tlx endre principal sum and ~ecrued, e~med intaest sh~ll beeome due ~nd paY~ble without notia at the option of the Mlda theeeoi; and shall perform and cofnplr ~r(th each ~nd every sti adon. ~ree- ment and mven~nc oE said note ~nd of this Morta~e, then thts Morta~e and the esute herebr emted shall be voi otl~er+vise the same shalt rrmiin in ful! force and virtue. Md the saId Mortaaanr mvenant to pq the intaat tnd principd promptly a,}~en due; to pay the tazes snd asmsmenu on said property; to car~ insurance aa~inst fire on the buildin~ on s~ld I~nd Ior not ]as than S 6, 534. fi0 , apprmed br the Mortaasee . w~ith standard nw rts~e 1oss clau~se p~yable to Mortaa~ee , the policy to be held by the Mortataee . to keep the baildIna on said land in proper rep~ir. and to waive the homeste~d e:emption. Should any oE che abo~~e mvenar?cs be broken. tl~m said nae and all moneys secured hereby shdl~ witl~out dem~nd, if the Mons~ee , . his 1e6a1 represa?utiva or assi~s, so eJect, at ona become due ~nd p~yable ~nd the mortsa~e be forc- closed. and ail costs and expenses of collection of said nwneys ~vith or w~itlwut suit, irn)udina a reasonable fee for the Mortaasce - attorney, shall be paid br the Mortsaaor , and the wne are hereby secured. IN WITNFSS WHlJ1EOF, The said Mortaa~or hereunto set hls h~ ~e day and rear first above wrina~. Si~ned. seded and ddivered in our presence: t,G `~~•V ~c.~~•~C-r~ C~, ` ~ \ . ' J / i~'t~., ~~.o.r?~ `_~-~\~CN~-~~ (SFAL) ~ • fltffl AMQ KECOilOfO WE C011lITY fil (SEAI.j ..c - CIERK C~:.CUIT COYR1 AECORD YEP.ifIfO~ STATE OF Florida 2~1535 COUNTY OF St. Lucie ~ ~ ~ ~ ~ ~~3 I NLREDY Curcnr, Th~t on this day, beEoce me. an oEHoer duly tuthodzed in the Sttte aEoretaid ar~d !n the Cowatr domdd m tate acknowfed6mtnts, petso~ttb appeared William E. Teschner ~o me kno.vn ~o be e},e per,on de~rnhcd in and va~ho ~~I+I~Cdp i t~nd haS \~~{Rd:tbAr , f nstn~en acknow~ledaed belore me th~t he execuced the same. . r...: . tti'~tiFSS mY hnyd~V~ ~OtttciQ J~~ ~~'•~e,Couney ~nd St~te last aforwid ehi: 27th d~r of DecembeB ~D. 19~_ _ ~ y • f • " ~ . - • - J ; ~ . 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