HomeMy WebLinkAbout0322 30 ~ia~e And to ~iotd Ihe same, Iogether wilh the tlnemtntt. he?~dttnmer~ts and appu~te-
I nances therel~ be~ongin~, and fhe rents, issues and pro(ifs ttiereo(. unto Ihe morfgugee, In jee sirnp~e.
I ~ Ihe neortgagor rnuenanls will~ the morfgagee 1{~af ihe morteagor is indejea~i6ly aeized oj anid
land in Jee simple: that ihe moNgngor kaa good right and Iawjul aulhorily to convey ~atd ta?~d as ajore-
said; that ~he morlgago~ will mnke such f urtke~ nssurances to pe~(pct t6e f
ee aimple tit~e to said land in Ihe
mort~a~ee as may reasona6ly be required; that tF~e mortgagor he~e6y ~ully wa~rnnts tl~e title to said land
~ a?~d u~ill deJend the same ageinat the Iaw~ul claims o( all penans wkomsoever: and tl~at said lnnd is Jree
and clPar oJ nll encum6rances ~$aYA the r~l'St. mortgage.
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~rouided ~lways~ that i( said mortgagor shall pay unfo saic~ rnortgagee ttie certain promis-
il sory note he~einaf ter subsfantia~~y copied or idenfijiecr, to-wit: .
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s 20 ~ 6Q0.00 Fort Pierce, Florida, :?qy 31 19'j4
~ Fo~ value received~ I, we or either of us, promise to pay. without defalcalion, to fke orde~ of
~ RFiAt~C~:~ Ls~iUY SL~Af~ at i t~. f3o= 892 ~
t~ort ~i~roa~ Floriae ~3t?~C
t6e sum of }~OU:~ANU ~2X HUilL~~Q ~ F~(~100 DULLARS
with inferest from date at the rate of 9~~~'~ 'I. per annum, io 1~Od'l~'.h~jl instaliments as follows,
principel ~ ~nt~rse ~
; 2f~9. ~q~ on the ~~h day of a~tiAa , 19~and a liks :um
j on fhe corresponding day of each like succseding period thereafter until the whole be fully paid
! Each instalfinenf first sball b~ appli~ in paym~~ of-tb~ intsrsst and th~n on th~ balanc~ of the principal sum. If d~f~ulfi is
~ mads in 4h~ peyment of aay iastallment w6en dus, tMn at 1M op+ion of the I~old~r, and without any ofh~r . notic~, all fh~
remaininq installmanfs s6all be dus and payabls at onc~. Privilsge is giv~n to pay two or mor~ inslsllm~nts at any installmo~
t maturity dafs, buf fhis s6ell no4 ~xtend th~ tim• of m~turify of any subsequsnf instellment. Neiibsr for~bearaec~, nor eccsot-
I ane• by the hoid~~ I~~nof af+er any default in any payen~nf h~r~on, s6a11 bt deemed uc4snsion.
Each maker, surety and sndoner hareof, jointly and sevsrally waiv~s demand, prosen+m~nt, protest and no#ics of profisst for
nonpaymsnf, and furt6er agrees to any eztension of tim~ of peymet~+, eithsr befors or aftsr me4urity, withoul nofic• to any of .
us: and to pay ~II eosts of coliection, ineluding a reasooable. attorn~y's fse ia tl~s evsnt of any_ defsuN 6ereunder, end hereby
sev~rally wai~ts all bsn~fit of bomsstsad and ex~mption unde? fM con:fi+ution and laws of sach S4at~ df ihs Unitad Slat~s,
as aqainsl fhis obliq~tion or sny sxtansion or r~e~wal h~roof.
Witnsss ths hand and seal of each parly. ~
~ Pr~paym~M may b~ made at any ~oI l~~8 ~llie (S~L~
time without p~nalty.
; A1G'€~@ ~ ~ LO~.li ~ 1 SEAL)
~ .1~:4, .:~~:`.~iisli~ ~ ~Vt~yiltJl:it t A ~0 fi
~ (SEAL1 i
- l SEAL)
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SPECIAI, PEOVISIONS :
~ ~ (1) Any default hereunder shall constitute a default of the
~ k~first mortgage in the principal amount of ~25,500.00, recorded in ~
O.E. Book 225, page 102 of the Public Eecords of St. Lucie County, i
~ ~ Florida. ~
~ i (2) Any default under the.first mortgage, recorded~in O.E.
~ jBook 225, page 102 of the Public Becords of St. Lucie County,
~ RlFlorida, shall constitute a default under this Second Mortgage.
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