HomeMy WebLinkAbout0350 after until the who b~ fvliy paid. ~
Ead+ imal t fiKSt shall bt app in payme~t of t interest snd then the unpaid balance f tM princtp+l~`~um. if drfau b rtwd~ in
payment of any taltmMt whe~ dw, wch defauh cont~ 30 daya, then at t ope;~ of th~ ho , and without ny other f10Yltf all ths rema'
inatailmenh be dve and psyabb once. Privite9s is en to prepaY thq not in whole or in p~ ~t ~y time wit t p~n~hy. ti+tr fortbN~ .
nor eccept by ths noidr thereof attsr aey default in ny p~ymenb hereon, s b~ dcen+ed exte iron. A late p+ t ch~ry~ of ~ b~
added ro i~ualtment rema" ' unpa+d 7 days after b dw d~t~. and a ti wm sMll be to each such allm~nt nmaini w~psW 7 da after
exh payment d+re.
E rtwker, surety and ser hereoF, join and severally, wai demu~d, present t protest and of protest f nor?p~ym~n1, furtMr
agrees o ~ny extension of t' of payment. e~tF~er fora or afler m~fwit without ~eotite to ny of ust +~d o p~y sll aosts cdleclion, udiep •
rcs k ~rtaney i fee i the event of any da uM hereunda, snd eby seve.a~ly waiv a!1 benefit of t~ad and ex tioe under th~ itutioe
~ aws of each State of he Unirod S~ates, as ainst this ob:~yat~on any eztensan w r new+l F+ereof.
. Nfitness tFr hand and sea) of esch p+rry.
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NOW, THEREFORE. the MORTGAGOR fw the pv~posi ot s~curb~,W)P+le^t of said sum of i~g~00.0~ a~d th~ p~rfonn~nce of fM
ooven~nq and aynsments hereinafter expretsed, and ~Fcr diven ~o6d ~nd t?~lwbb considerstio~s, by tMs~ pr~sants, dws prant, ~~ir, s~ll. r~miw,
rekas~. canvey snd conf~rm unw the MORTGAGEE, in. succeswn ~nd auiQnt. all that certain 101, piat or puod of bnd, situ~t~, fy"u+p. ~e?d Mipp ~ th~
~y ~ St. LLlC~@ , u~d Sta» of Fbrida, d~wibed as fdlows: ,
I.ot 3, Block A, HIDDBN PINBS BS?A18S, according to the plat thereoi
on tile in Plat Book 17, page 21, public records of St. Lucie Coun~y, - ~
Rlorida. '
~P~~~~~ - a32 3. o~/ - ~
usE ornr •
By agreesent oi Mortgagor and Mortgagee on iile
with Mortgagee, the within sortgage securea not ~j
only an existing indebtedness, but also AdVANCBS~E,~,
to be ~RBAR?BR aade by Mortgagee to Mortgagor, 'z0~,.'~
the aggregate ot which will equnl the principal ~~~q ~i ~'F
a~ou~t specitied in the pronissory note secured .
' hereby. . ~~'~'so~.'~~9`'T
~ ~yE.
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! ?his is a corrective nortgage designed to correct an erroneous legal y~
~ desCription appearing in that certain nortgage dated July 26, 19'76
and recorded in O.R. Book 255, page 1230, of the public recerds of
St. Lucie County, Florida, and upon ahich intangible tax.has been
paid as evidenced by receipt No. 266224.
toyethar with a!1 ~nd sin9ubr ths tenements, hereditamenb and app~rtances thsreuMO belaginq w h+ anywife ~ppe~qinMg fhertfo, aod all ~p»s, issws,
proceeds and profits xwinp ~nd to acvue from said premises, slt of which ue irKl~ded in the ~bovt and fa~oirp ti~aiption and h+ba~rtn.
TO HAVE AND TO HOID tM above dewibed snd ~rsnted premises unto tM sald MORTGAGEE, ib wa~ssora and assipns forteM. Md th~ said
MORTGA~'sOR 1S it 8 - hein, executon, adminish~ton and aui~ns, he~tby coven+nri with the aid MORTGAGfE, its wtt~qors and ~Mipe~„
that it lawfuly seized of the s+id premisa in f~e sirnple: thst tM wm~ an h~e, cleu and d'iulw~d from ~tl lie~n and ~ntunf
brances in I~w a in puiry, and thst it witl ~nd it8 hein s1w11 wanant and d~fend th~ titb b Nr aanw fo th~ s~W
MORTGAGEE, its strcccssqcs +rd wq~?s, fwem +pairot tM lawful cl~ims a~d dem~nds of all peraonat
PROVI~ED, A1wAY5 tlWt
if the MORTGAGOR shsll pay unto the MORTGAGEE tM promissory not~ hereinMfon d~w~d ~nd ~11 tndy, promptly
and fully perfum, dacMrgs, execute, compkte, comply with and abide by each and wery the stipvlatioro, ~yre~rtitnb, conditiom and aove~snts of Nid
prom;ssory not~ ~nd of thy INlcxtgpe. tl+en this M«tyay~ snd the Estste •hereby ueated shall cass~ and be nutl and void.
IT IS UNDERSTO00 that tl+t word "Mort~apor' whether a+ tht singulsr or plwal ~nywhe~~ tn this JNortys~. ~hall b~ sinp~lx If on~ ady and o~
•I+sll b~ pl~rsl jointiy and wver~ly if mw~ thu+ one, and th+t tF~e wwd "thai?" ~s vaed anywhen in this Mat9ap~ shall b~ takan to rn~an "his."'7~en."
p"its,° whaever tl» context w implies w sdmin. Atw, that wherevet there is ~ r~fereea i~ th~ coven+nn and apre«nenri Mr~in cor?tairwd to ah? of
the parti~s hereto, th~ same sMll b~ oorutrued to mean as wsll ~s th~ htirs, ley+l repr~sentstives, sva~sson u~d assipro (~iNw volunury by ~ct of tM ~
parti~s a&~vohx~ury by operatan of the law) of tha iame and fFat the coverw+ts herein contained shall bind and th~ bN~efib ~rd advantpa irwr~ ~ 1
to tht resp~ctiw heirs, b9+1 r~prlsent~tives, wccesson and au~yns of tM puties h~rsto.
Md said Mortyayors, fw thc~mselves ~nd the'a he~rs, leyal r~present~tiv's, wccessors u~d usfpm, her~by jointly and s~vually ooveoarM and apr~ ~
b a~d with tht said MORTGAGEE, i» svaesson snd assg~s:
1. To paY ~11 ~nd tinpul~r the principal and imerest and th~ va~ious and wndry sums oi morNy paY+bl~ bY virtw of s~id promiswry nW~, and thts
morty~pe, wch and ~vuy, promp~ly on tM days rapectiwly ti~e sams sev~rally bscan~ dvt.
2 To p~y dl ~nd Wngula. the taxes, usesunents, levies, liabilii~es, obliyatam ~nd erKUmbwnces of ewry n+twe and kind noav on s~id davibd ~
propsrty. or th~t hueafier may b~ NnFws~d, svffered. P~+ud• levied, w sstessed thenon, or that Mr~aha may be Iwwd or u~awd upa~ thb Morf~
sp~, a t!w ind~btadnsu secvnd hereby. ~ach and way, wlw~+ dve ud payabb, xcordinp to law, b~fa~ tlMy becar» delb+quent. ~nd befon ~ny MM~nst
aHaches or any pen~lry is incurred; AND INSOFAR AS ANY THEREOF IS Of RKORD THE SAME SHAII sE PRO1NPTlY SAi15f1E0 AND DISCHARGEO Of
RECORD AND TNE ORIGtW1L OffIC1Al DOCUJVIENT (SIKH A5, FOR INSTAIJCE, THE TAx RECEIPt OR THE SATISfACTION P/1PER OffKlAliV ENOORSED
OR CERTIf1E0) SHAII BE PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN ~AYS NEXT AFTER PAYMENT; and in the ewnt tMt any Mwnof M no1
paid, sat:sfied and distharg~d sa:d MORTGAGEE may ~t any t~me pay ~he same o~ any part the?~of without waiviny o~ affectirq a~y option, lien. ~qvitY o~
.iqM under a by virtve o4 this mortgage ~r?d the full amovnt of esch and every such,paymenl shall bt imnediataly dw and paysble tnd ~hall bNr M~t~rpt
kom the date thsreof until paid at rate of n~r~ per cemum per +nnum and toyether w~rh suth iMerest thall be secured by the lien of th:a morytape.
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