HomeMy WebLinkAbout0318 irv~iv~oun~s ~ 3~Q'998; ~ /
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MORTGAGE
n~~ Mo~ro+~~. aaaa en. 16th d.y ot Febru,ary i9 ~'1b~r and
b~twNn kiso_t~y H. Saith_ ~d Beu~ ~
a A. Ssith, his Mi~~
~e.
«i~ ~ M~~~ Part 3.. Lucie Bank Port St. Lucis F~
~ State b~nkir~ assodatbn u~ tfa hws o! tM tlt a o o~~. ~ntnaR~ cNNd tM Mo~,
WITNESSETH. dai tor dlw~s ~ood and valwbN oondd~ratlora. snd sbo in ca~sidustioe W th~ ~b wm mm~d in
th~ promissory nob MrNnsM~ dssc~lbsd. th~ sdd Mo~on do Mi'~? ~ra~f. b~rph~. sdl. NNe. nlas~. oonw~? and
conflrtn unbo tM sdd Mo~e. all thst oertaln Pha. WnoN. tr~ I~nd of vrhkh tM ssid Mort~ors aro now ssix~d snd
poss~d~ and in ~etual po~ssion. situat~ in tfM C~oun~y of ~~t• C e ~nd Stsb of flo~ida. dacHbed as topo~ws:
I,ot 16, Block 246, POAT ST IACIE, SBCTI~O[~i-3DC aecordi.ng to the P]ait thereoi, as
racorded ia Plat Book 12, page 36A thru 36D oi the Public Recorde of St. Lucie
County, FL. -
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ID
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PO . Li3CIE B-:`~~+ ~
Pott Sk IuCie, F~. ~ ~ ~
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i Together with ali struetures and imP~~~s now and hereaiter on ssld land. and fixtures attached thereto, snd sll rents.
! issues, prooeeds. and proffts aocruing aod to aarue from ssid pramises. ati oi which sm induded within the foragoiog descriptior~
° and the Nsbe~dum theroof; a~o all g,as. sieam, ekctrk. water and other Asating, cooking, refrigeratin& ~~~8. P~umbing. venti-
lating, irrigattng, and Pow~ systems. mschines. aDP~ianoss. fixtures. and appurtenanoes. which now are or may hereafter per-
~ tain to. or be used with, in, or on said P~mises. even tl~ough they be detached or detachabie.
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~ TO HAVE AND TO HOLD ths same. together with all and singulsr the Meert~ts. herediatmerKs and appurtenanoes thereunto
bebeging or in snywise appartaining, and tha raversion and ~versions, rert~ainder or remainders, rents, issues and proifts thero-
~ of. and also all the estate. ~t~ titb. iMerost, lamestead. dower and right of dow~er~- separate astate. possession. dsim and
demand whatsoever. ss we!! Ir~ !aw as !n equily, of the ssid Mortgsgon in and to the same. and eveql P~rt thenwf. with the -
; appurtenances of the said Mort~ws in and to the same. snd every part and parcel thereoi uMo the said Mortgsgee in fae simple. .
• Md the Mortgagors f~ereby covenaM with the Mortgagee: that they are indefeasibly seized of said land in fee simpie: thst
they t~ave full power and Iswfui right to cawa~? the aame in tee simple as aforesaid; that it shall be lawful for the MoRgagee,
at ali times pesceaby and quietly to eMer upon. hold. oaupy and en=oy ssid tarrd. and every part the~eof; that tfie lar~d is arfd
wili remain iree trom all e~cumbranoes; that said Mortgagors wi!! make sucN further assurances to prove the fee simple tkk to
said IerM in said Mortgagee as may be reasonably requirad. snd that said Mongagors do hereby fully warrant the titk to said la~d.
and every part thereof, and vrill detend the satne against the lawful claims of. all persons vN~omsoever.
PROVIDE~. AtWAYS, that if the Mortgagors shall pay unto the Mortgagee the indebtedness to Mortgagee in the p~incipal
F sum of ='~•000.00 as evidenced Dy that certain promissory note of even date t~erowith, executed by Tiaothy
~ R. Ssith and Barbtra A, S~ith ~ hi8 wif e and payab~e to the order of Mortgsge~e, with Interest and
~ upon the terms as provided therein, the final msturity date of which note and of this mortgage being ~nril 7 , °
~ 19 . wl~ich note provides that all instsimertts of principsl and interest ars pa~rable at the offroe of payee.
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f Pott St. Lncie . Florida. or at such other plaoe as the halde~ may designate in writing, and tfiat each msker and
endo~se~ agrees to pay all cosls of a~ection, inc!uuing a~r~sonabie attomey's fee. upon de(auft +n the payment of said note.
i snd that if defaWt be made in the payment ~+f arry insbimern thereun~,eipnct that it such defsuk is not made good in acc~dance
I witl~ tt~e tertns of saW note, thst the entiro