HomeMy WebLinkAbout0966 INDIVIDUALS ~ Dacuc~entary Staaops on origi.nal note-Port St. Lucie Baak "
~~~~A ~ Port SC. Lucie, Florida s ' ~ ~ ;
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MORTGAGE ~
TNIS W10RTOA(iE. dated tM 17th day oi Septeaber A. D. 19 .ZS.__ . by and
bstwe~n Fred W. Young and Kathrya Young, his wife
heroi~aitK qlled ths MoRga~s. •n~ort St. Lucie Bank Port St. Lucie • Florida.
aeo or a
a Florida pankinQ assoctatioo undsr th~ laws of tM . heroinaiter called the MoRga~es.
WITNESSETH. that for dive~s aood snd vslwbit consideratioas. and also in consid~ntioo ot the ~b sum nsm~d in i
the promissocy note henioaRer described. th~ said Mo~on do Mnby ~rar~L bargsin. sell. slko. nmtse, nless~. com?e~? ar~d
confirm unto the said Mortgs~ee. ~Ii that certain pieca, parcal or tr4ct o~land of whkh the said MortgsQors aro now seizsd and
possessad and in actual possession. situate in ths Cou~? oi ~t. LuC e and Sta~te of Fbrida. describsd as follo~ws:
Lot 9, Block 32, RIVER PARK UNIT NO.~FOUR, ACCORDING TO T8B Plat thereof recorded
in Plat Book 11, page 9 of the Public 8ecords of St. Lucie Couaty, Flotida
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Together with ail structures and improvemeMs now and hereafter on said land. and fiutures atteched thereto, and ail reMs,
issues, proceeds, and profits accruing and to acerue from said promises, all of whkh are inciuded within the foregoing descripRion
and the t~abendum thereof; alw all gas, steam, electric, water and other heating, cooking. ref~igerating, IigMing, piumbing. veMi•
Iating. irrigating. and power systems, machines, appliances, fixtures, and ap{surtenanCes, which now are or may hereafter per-
tain to, or be used witb. in, or on said premises, even though they be delached or detachable.
TO HAVE AND TO HOLO the same, together with all and singular the tenemeots, hercdistments and sppurtenances thereurrto
belonging or in anywise appertaining, and the reversion and reversions, rematnder or remainders, rents, issues snd profits there-
of. and also all the estate, rigfi~ title, interest, homestesd, dower and right of dowet, separate esWte, possession, claim and
demand whatsoever, as well in Isw as in equity. of the said Mortgagors in and to the same, and every Part thereof. with the
~ appurtenances of the said Mortgagors in and to the same. and every part and parcel thereof unto the said Mortgagee in fee simple.
- And the Mortgagors hereby covenant with the Mo~tgagee, that they are indefeasiby seized of said land in fee simple; that
' they have full power and lawful right to comey the same in fee simple as atoresaid; that it shall be lawful for tbe MortgaBee.
~ at all times peaceably and quietly to enter upon, hold, occupy and en'oy said land, and every part thereof; that the land is and
will remain free from all encumbrances; that said Mortgagors will make such fuRher assurances to prove the fee simple title to
~ said land in said Mortgagee as may be reawnably required, and that said Mortgagors do hereby fully wanant the title to said land,
~ and every p~R thereof, and will defend the same against the lawful. ctaims of all persons rvhomsoever.
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PROVIDED, ALWAYS, that ii the Mortgagors shall pay unto the Mortgagee the indebtedness to Mortgagce in the principal
~ sum of j 2$ ~ OOO. 00 as evidenced by that certain promissory note of even date herewith, executed by _
Fred W Youn~, and Kathrvn Youn~.hia vif e and payable to the order of Mortgagee, with interest and
upon the terms as prmrided therein, the final maturity date of which note and of this mortgage being ~ctober 1 ,
i9 94 , which note provides that a!I instalments of principal and interest are payable at the o~ce of payee,
Port St. LuCie , Florida, or at such other place as the holder may designate in writing, and that each maker and
' endorser agrees to pay all costs of collection, including a reasonable attorney's fee, upon detault in t~e paymeM of said note,
and that if defauk be made in the payment of any instalment thereunder and *.hat if such default is not made good in accordance
with the terms oi said note, that the entire
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