HomeMy WebLinkAbout0982 ments as foliows: s-- on the day of , 19 _ and a IiAe wm on the corresp d~n~ aay ot eacn mo~Tn ~nere-
a(ter untit ~he whole fuily paid.
Each installme fint shalf be appl~rd in paymenr o( rhe i erest end rhen on the unpalJ batance of the p~inc" al sum. If dafault is made in tM
paymero of •ny in~~ Iment when due, and auch drfault comm 3p days, Ihen at the opiro~ of the hofder, and with t any mF~er ratice, sll the rem~ininy
installments sMll Jue and payable at once. Pr~v~lege ia giv to prepay thii no~e in whole or in part at any time i~h~ut penelty. Neither iwebearanc~,
nor acceptance by the hotder lhereof afta~ any default in an paymem~ hereon, shall be deemed extension. A late paymenl charge of 5--, shall
added Io each i tallme~t remaining unpaid 7 day~ aiter it du~ datd, and • like surn shall be added ~o each suc insraflment remai~ing v~paid 7 days •
each s~rctecdirw~rpayment date.
7
Each m~icer, surety and endorser hereof, jo~ntly severally, wa~ves demand, pre~entment protrs? an otice of prote~t fw nonpaynx~t, •nd rther
agrees fo ~ny extension of time of payment, eitFxr be(o o~ after maturity, without not~ce to any of us; a to pay all cest~ of collection, incl ~nq s
reaionabl~ allorney's fes ~n the event of any default reunder, and hereby seVe~aliy vraives alf benef~t of inestead and exemption under the t titution=
and laws of'each State of the United States, as agai this obl~gation d any extens~on w renewal hereof
Wit~ess the hand and seal of each party.
;
~ ~ (SE/?U
~ (SEAI)
~ ~ ) State Revenue • ~u
(Stamps cancelled o~ wi9inel ~o1e) -
NOW, THEREFORE, the MORTGAGOR for the r ny p y 17 ROO.OO of th~
pu pose of secur7 a ment of ssid sum of s_ ~ , and th~
covenanb and ~reements Fierei~after expresscd, and (or diveri yood and valuable considerations, by thete presents, does grant, bar~~in, sell, remise,
retease, convey and confirm unto the MORTGAGEE, its successors snd aisign~, all thar certain lot, picce ot parcel of land, situate, lying, and being in the
~~~ty ~ St __i1C1e , snd State of Florida, dewibed ~s follows:
. Lots 25 Block 13'7, LAK~'~a00D PARK UI~IT NO. 11, as per plat thereof
on file in Plat Rook 11, Pages 32t1 thru 32D, of the Pu~ilic Recor~s
of St. Lucie County, rlorida.
dy a~reement of Mortgagor and Mortc~agee on file with the 1?lortgagee, -
the within mortc~age secures not only an existing indebtedness, but
also ADVANC~S to be HERFICF'TER nade t~y MortgageP to Mortgac~or, the
agc~regate of which will equal the principal amo~~nt specified in the
~ promissory note seci:red hereby.
i
~ Rd~MED ~ ~J • ` ~ N MriIENf ~ TJq~
~ DUE ON CUISS 'C INTAN6IBLE rERS011A1 ~iy~
_ J i~='._'-~ :~~~F':.-~ ~~f ~ PURSUANT TO Ci1~P~E! 7)-l~t, IICTS OF 19)1.
CiC;:_:_:MEN `AR~' 5I t, ir: f' ~ AOGER r01TRAS
z_ c.. `_cu~ .:r' aLYE'ivi. ! ~ ~j ~tf ~i~ ~
s~t ~ ; a~'~r" 1
K~ - ?8. - . "i i t ~J~'~tf ~ ~ U. ~ O ~
_ .,..2 _ . _ i
- - _
~
toQethtr with all ~nd singulsr the tenements, hereditaments and appurtances therrunfo belonginy or in anywise appertsining thereTO, and sll r~nq, Isfues,
proceeds snd profits acvuing and to acvve from said premises, all of which are included in the above ~nd foregoinp description a~d Mbendum.
TO HAVE AND TO HOID the sbove desaibed and 9ranted premises unto the said MORTGAGEE, its successw~ ar+d auigru forevtr. And tM s+Id
N10RTGAGOR for -~Q~-r------ he~ra, executws, adminislrators and assigns, F?ereby covenann with the s~id MORTGAGEE, its avccessors and ~ssiyro,
t}ut -~~--g~-~--- lawfully sei:ed of the said premises in fee simple; that the same are free, clear and dixharged from all liens and enturo-
Ms~xes in law w in equity, and that~tle~L__ wil! and their heirs shall warrant and defe~d th~ titlt to ihe samt fo tM saW
~ MORTGAGEE, its successors and asi~gns, iwever against the tawful claims and demands of all persoM;
~ PROVIDED, ALWAYS lhat if the MORTGAGOR shall pay unto the MORTGAGEE the promiuory note hereinbe(ore described and shall truly, p?omptly
~ and tully periotm, dixMrgs, execute, comp!ete, tomply wi~h and ab~de by each and every the stipulations, agreements, tonditions and tovenanri of said
promissory note and of this Mortgage, the~ this Mortgage and the Estate hereby created shall cease and be null end void.
~ IT i5 UN~ERSTOOD that the word "Mort w" whether in the si
~ gsg ngular w plural anywhere in th~s Nbrigage, shall b~ sinyula~ if on~ only ~nd
afiall be plural jointly and ssverally if more tMn one, ar+d 1Mt the wwd "their" as used anywhere in this Mort9age shall be taken to mean "his," "hers,"
~ w"its," wl~erevtr ths context so implies or admits. Alw, thal wherever there is a refercnce i~ the tovenanb and agreements I~erein containsd to any of
tM p~rties I~ereto, the same shall be cona?rued to mean ~s well as the heirs, legal r~presentativei, successon and s~siyro (either voluntary by att of the
parties w invduntary by operation of the law) of the same and that the covenants herein ca?tained shall bind and rhe bensfin •nd advroapes inun
to IM respective heirs, leyal representatives, s~ccessors and ass~gns of the parties hereto.
And said Mort9a9ors, for themulves and the~r hein, leyal representatives, sucteisors ~nd assigm, hereby joinrly and severally covenant and ~pne
to and with tF~e said MORTGAGEE, its s~cceuas and assigns: ~
c-~
1. To p+y all ~nd ~inpular tF~e principal and imerest and the var~ovs and sundry wms of mor?ey payable by virtue of said promiisory ~ote, ~nd thlt r^
mortyape, each and every, promptly on the days respectively the same severally become due.
2. To pay dl ~nd sirgubr the taxes, ssussme~n, levies, liabilities, oblig~tions and entumbrancet o~ every nature snd kind oow on said d~strib~d
~ propetfy, w that hereafter may bt imposed, suffered, plated, Ievied, w~utssed thereon, a that htrea(te~ m+y be levied w usessed upa~ thk Morf¢
ap~, a tM ind~b~edness ~ecured hereby, eacfi ~nd evay, when dve and payable, accordinp to law, befor~ they bec«ne delinquent, ~nd !»fw~ ~mr ineNat~
attathes w•ny penafty is inturred; ANO INSOFAR AS ANY THEREOF IS Of RKORD THE SAME SNAII BE PROMPTLY SATISfIEO AND DISCHARGED OF
RECOR~ AND THE ORIGINAL OffICIAI DOCUMENT (SUCH AS, FOR INSTANCE, ~HE TAX RECEIPT OR iHE SATISfACTION PAPER OfFICIAILY ENDORSE~
~ OR CERTIFIEO) SHAII BE PLACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and i~ the event that any thereof is not
psid, s~YSfied a~d dixh~rged ia:d MORTGAGEE may at any time pay the same o~ any part thereof witFw~t waiviny or ~ffecting ~ny option, litn, equity o~
~roht v~de~ ot bv virfue of this mortaaae •nd tFu full amount n( each and everv such oavmeM shall 6e immediaeelv due and oavable and shall bear inf~r~st