HomeMy WebLinkAbout0787 ~ lNDIVlDUAlS ~
350G31
MORTGAGE
THIS MORTCAGE, dated ths 12th dsy of No~re~ber 19 by and
between Othel E. Burton and Rera T. Hnrton, hia wife
hereinatter called the Mortgago?s. a~d port St. Luoie Bank Port St. Lncie Flortda.
a ~~t~ banking association under the laws of the i . hereinsiter cailed the Mortgagee. .
WITNESSETFI, that for divers good and valuable considerations. and also in consideration oi the aggrogate sum named in
the promissory note hereinafter described, the said Mortgagors do hereby grant, ba:gain. sell. alien. remise. release. convey and
confirm unto the said Mortgagee, all that ceRain piece. parcei ~ tr~ct o( land of which the said Mortgagors are now seized and ~
possessed and in actual possession. situata in the County of 5~ • LnCie and State of Florids, described as follows:
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Fro~ the NorthMeet corner of Hunt's Snbdi~iaion, rna North 330 fee~; thence Tast
300 feet to the Point of begi.nning; tbence Tsast 100 ieet; thenae Sonth 170 feet,
thence Sonth ?8 degrees 31 ~inntes Mest 101.98 feet; thence North 190 feet to the F
Poiat of Beginniag. `
Said land is located in the Sonthvest qnarter of the 3onthrest qusrter of Section ~
3s ~o~~p 36 Sonth, Range 40 Tsaet. °
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CLASS ~C' INT O~IN PAYMEffT Of TJ1XE1 ~
ANGIBLE PERSON4~ P^Q'ERIY~ ~
~~T ~ ~ER 71-13~. ACTS OF 1Y/1. ~ ~
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Together with all structures and improvements now and hereafter on said tand, a~d ~xtures attached thereto. and all rents,
issues, procee~s. and profits accruing and to accrue from said p?emises, all of whicb are included within the foregoieg description
~ and the habendum thereof; also all gas, steam. electric, water and other heating, cooking, refrigerating. lighting, piumbing, venti-
~ lating, irrigating, and power systems, machines, appliances, fiztures, and appurtenances, whicb now are or may hereafter per-
° tain to, or be usec! vrith, in. or on said premises, even though they be detached or detachable. 3
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E TO HAVE AND TO HOLD the same, together with atl and singular the tenements, herediatments and appurtenances thereuMo
€ belonging or in anywise appertaining, and the reversion and reversions, remainder or remairtders, rents, issues and profits there• ;
~ of, and also al! the .tale, right, titie, interest, homestead, dower and right of dower, separate estate, possession, claim and ~
demand whatsoever. as well in law as in equity, of the said Mortgagors in and to the same, and every part thereof, with the a
appurtenances of the said Mortgagors in and to the same, and every paR and parce( thereof unto the said Mortgagee in fee.simple. . -
And the Mortgagors hereby covenant with the Martgagee, that they are indefeasibly seized of said land in fee simple; that
they have full power and lawful right to convey the same in fee simple as aforesaid; that it shaft be lawful for the MoRgagee,
at all times peaceably and quietly to enter upon, hold, accupy and en'oy said land, and every part thereof; that the land is and
will remain free irom all encumbrances; that said Mortgagors will make sueh further assurances to prove the fee simple titie to
said land in said Mortgagee as may be reasonably required, and that said Mortgagors do hereby fully vrarrant the titie to said fanQ,
and every paR thereof, and will defend the same against the lawiul ctaims of all persons whomsoever. '
PROVIDED, ALWAYS, that if the Mortgagors shall pay unto the Mortgagee the indebtedness to Mortgagee in the principal '
` sum of S z,~7.~0(iC1.S10 as evidenced by that certain promissory note of even date herewith, executed by
Othel E. Bu1`ton 8ad $eva E. Bqrton~ hi6 vife and payable to the order of Mortgagee, with interest and ~
upon the terms as provided iherein, the fina! maturity date of which note and of this mortgage being , ~
19 , which note provides that all instalments of principal and iaterest are payable at the ofiice of payee,
~ PO!'~ St. L1iCis , Florida, or at such other place as the holder may designate in writ+ng, and that each maker and
endorser agrees to pay al~ cosis of collection, including a reasonable attorney's fee, upon default in the payment of said note,
and that ii default be made in fhe payment of any instalment thereunde~ and that if such detaulf is not made good in accordance
with the terms of said note, that the entire ~
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