HomeMy WebLinkAbout0746 II ~~~TGAOE DEEO RAMCO iORM Rt~B
TO C011?011ATION IROM INOIV10UAl
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Fxpcu~Ml ~hp .~Z~~`~ ,~Qy oj January A. ~q~6 6y
DONALD E. RAULERSON and BRENDA J. RAULERSON, his wife
h~r~ina(ter called !he morfgapor, fo FIRST NATIONAL BANK OF FORT PIERCE
n corporalion exisfinfl un~er Ihe ~aws o/ United ~tates of America , u,~tti ils permanenf posto~jice
aclclress a~ P. O. Box 970, Fort Pieree, Florida 33450
~ereinaJler calle~I fhe morlgaflee:
IWAtnver uxd bereia t6e teraa "mor~sa~or ' asd "mortsasee" iurlude all ths puties a t6is imttuaK~t awd t~t ~tin,
ktai rcp~r+enta~i~rs aad aaiRro o[ jedi~~dusb. aed tRe ~ucc~.xra and a~~s ot corporatiow+; aad tAe ura ••wte••
includes all tAe ootes Atrti~ de~cribed it more tAan one.)
~~t~e~~ lhnt (or good and valun6le consi~erations, and u~so in contideration oJ the agqre-
gafe sum namec~ in Itie promissory note o~ even date herewith, tiereinafler. ~escribec~, t~e mortgago~ here-
6y granfs, ba?yains, se~ls, ali~ns, remises, con~eys an~ con~irms unfo tl~e mortgagee a~l the cerfain land
of which ttie rnortgaflor is nou~ seizec~ nnc~ in possession situafe in $t. Lueie County.
Florit~a. riz:
PARCEL 1 arr;~~::i ~{s • ~~D~- ~I~
dQ3~-ODl~~
~ usc oniY •
~ The East half (E 1/2) of the Southeast one-quarter
(SE 1/4 ) lying South of State Road No. 70 , LESS the
~ g~ South 49 feet and the East 143 feet thereof, in
Section 2, Township 36 South, Range 38 East, St.
~ ~ ~ Lucie County, Florida.
~ ~ APi'~:~ - : 3~l/ - ~ll -OG~~_ D~ ~
_ ~ ~ ~ PARCEL 2 ~ G~1LY •
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The Northeast one-quarter (NE 1/4) of the Southeast
~ one-quarter (SE 1/4) of Section 11, Township 36
South, Range 38 East, LESS rights of way for public
~ ~ roads and drainage canals .
~ ~ ~ PARCEL 3
The Northeast one-quarter (NE 1/4) of Section 11,
Township 36 South, Range 38 East, LESS the West
475 feet, the East 143 fee~t and the South 49 feet
thereof .
~ ~ This mortgage cannot be assumed by anyone without the consent of the ~
~ , mortgagee herein or its assigns or successors. As a condition to
E its consent to the assumption of this mortgage the mortgagee herein,
~ a its assigns or successors, may increase the rate of interest charged
on the note secured by this mortgage up to the maximum amount which
o may be charged under the laws of the State of Florida and/or the
:
v iriortgagee, its assigns, or successors, may increase the amount of
c the principal payments made pursuant to the note secured by this
o mortgage. It is the intention of the parties to this mortgage and
~ z the note secured hereby not to charge any sum in excess of the
; ; ~
:+-1 ' legally allowable interest permitted in the prevailing statutes of
~LL. the State of Florida. Should it be determined that a collection
: has been made in excess of the permissible amount, then the excess
interest shall be applied to the principal remaining due. Any such
~W ~
;,4!Z ~ ~ application shall in no way resolve any existing default as to
°~z~> ~ ' principal or interest due.
~ a}-~~X ~ r
' The outstanding note balance may be accelerated at noteholder's
~~}~j~a 4p ~ option in the event of the properties securing loan are transferred
~ ;'J7q~~~iutitt~ : or conveyed.
~ : ~.?9~p ;
~ ~ THIS t.10F i;AGE SHALL A~O SFCU?~F TN~ PAIiAt't?~'f~ i:c !~':'i f~;i,'`s.~
a '~~~T LUCIE ~ ~ AL=Viv C~^n LOAPiS THAT MAY 6E A4ADE 6Y Ti-~= ~
~ :.OUNi? . i /'i~a tr. Jvs JGl•. ~ . _ ~ 1•~N7 „h~'cE ~
T~+= i%~~Rt~,f~~,^~R AY P.?~fY TIME \VITHI,Y Tffd YFARj );.:`,:rF~,
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~~h'f f. _ EV~fJ iF:Jl1::~i t~~ It~Oc67c'L`NESS 15 OUT~TA~~1t~°C N~R:~.''.~~~+~. c~.~-~-
~ ViC.•_i.~ Tt;:t i Tr'~ ~.~AXIA~JRA PRI?:CIPl~L l.b4~^,:1t:T t`f 5J
~ S~ ~;•c.:-[) c-,:.~~ h:~~7 E'/.CEEO .~~~t~O. ~
AT ANY CI'1e Y;',•_ ; •
~ ~'.:::v;:~::-~` ~~~:.Tf,cR TY.AT Sl.'CH AiN/A~:r.~s G~ l.r.J1.'1'. . - - ~
~ EJ;~:. 3~ .;E~ h.-^,AT: ;~:STF:U~v!L~:T51'4 tr~VC~C~ T~'c 1':.d~ ~
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