HomeMy WebLinkAbout0988 Each ~nt~alin~rnf (int'shalt tx appi~ed in paymero of ~he inte it and then o~ tM u~pa~d balance of the p~incipal m. If defav~t ii made in ths }
Feyrnrnt of o~ry ~nuaument when due, and wch default conrinues days, then st the opti~ of ths holder, ar?d without ny other notice, all the remaining
~nsta~l~nents ~haSf be due and payab!e at once. Priviiege is given o prepay this note in whole a in puf at sny time wi t pen~Ity. Nei~her forebear~nce~
nor acceptjnce by the holdar thereof after any drfault i~ any yments hereon, shall ba deemed extension. A Iste p~yment charye of S sFull be
added to ,~each ~nstattment remaining unpa~d 7 days after its ue date, and s iike :um shall be added to each such Jlutalknent remainir.g unpaid 7 d~yt ~ifer
each suc(eeding payment date. ~
Ebth maker, surety and endorser hereof, jointly a severally, waives demand, presentment prottsf and I~otice ~f proteat fu nonpnyment, and funher
agrees p any extension of ~i~f~e of payment, e~ther befo: w after maturity, withoul not~ce to any of us; a to pay all costs of collectioo, intludirq •
reosor.a~l~le atsorney s fee ~n the evcnt oF any defauft ~eunder, and hereby severally waives all benefil oI mestead and exemption unde~ the constitutio~
d a f,is of each Ssate of the United States, as again thia obligation w iny e:tensioe or renewal he~eo
Witness ~he hand and seal of each party. ~
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NOVV, THEREFORE, the MORTGAGOR for the purpose of secv?iny psyment of said sum of = 1~2,~1~• ~ , and /M performance of tM
covenants and agreementi hereinafter eapressed, and for divers good ar~d val~abl~ conside~ations, by these presents, does ~ront, b~ryain, sell, remiss,
r~!ease, co~vey end confirm nto t e MORTGAGEE, its successors and assigns, ~11 that certei~ 101, p'ieu or partel of I~nd, situ~te, lyinp, ~nd bein8 in the
Counry of ~C~B and State of Plwida, described as follows:
Lots 1 and 2, Block 1!~ and East 5 feet adiacent on West, Hlock 1l~, FI,ORIANA PARK St1BDIVI-
SZON, according. to the plat thereof on file in Plat Book pagg public records of St.
Lucie County, Florida.
Hy agreement of Mortgagor and Mortgagee on file with Mortgagee,
' the xithih mortgage secures not only an existing indebtedness,
but also ADVANCES to be HEI~AFTER made by Kortgagee to Mortga-
gor the aggregate of Which r~ill ec,ual the principal amount spe-
cified• in the promissory note .secured hereby.
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rogethcr w~th atl and singular the tenements, hereditaments and sppurfantes tMreunto belongirg ot in anywise apperfainirg theteto, and •11 r~nff, fuws,
p~oceeds snd profits accruing and to accrue from said premisa, all of whid~ s~e included in the ~bov~ ~nd for~oinp tkwiption and habendum.
~ TO HAVE AND TO HOtD fhe rbove deuribed snd gr~nted premises unto tF+~ said MORTGAGEE, its s~ccesson ~nd assiyns for~vN. Md th~ safd
the i r ~g ~by ~oveMnb with th~ said MORTGAGEE, ita svccesson and asaipnt,
'JIORTGAGOR fa - hein, executort, administr~tors snd au' ns, hrr
~ rhat t!~-Y---- a~-- lawfully u~zed of the wid prem~ies in fee ~imple; tlut tF~e same are fne, ckar and disch~r~ed from all liens and ~
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c~ances in law or in cquity, and that thA~/ will snd t@ r heirs shall wsrrant and deitnd tFw titl~ to th~ sam~ to tM saW
3 :".ORTGAGEE, its successors and assigns, forever against ths lawf~l claims a~d demands of all persons;
~ ~RQVIOED, AlWAYS that if the MORTGAGOR sFwll pay unto the MORTGAGEE ih~ promissoty note her~inbefor~ destribed and shall huly, promptly
and f~lly perfarm, d~scharge, execute, complete, comply with and sbide by sach and ~very the stipulations, preemenb, conditions and oowrianfs of s~id
~ crom~ssory note and of ~his Mortgage, then this AAatgage and the Esute hereby veated sMll ceaa~ aod b~ null snd void.
IT IS UNDERSi00D that the wwd "Morrgagor" whether in the singuiar w ptwal a~ywh~r~ in this Mortyspe, shall b~ sinpular if on~ only and
~ shali be ptural joinrty and seve.ally if more than one, and thar the wad "lheir" u ustd ~nywher~ in this Mortpap~ ahal) b~ take~ to m~a~ "his;••'htw;• ~i
~ or "iis;' wherever ~he conrex~ so 7mplies o~ admirs. Alw, tFiat wherever there a a referer~ce in th~ coven~nts and apra~ments Mrei~ cont~ined to any of "s:w
~he paniei hereto, the same shall be consrrued to mean as well as the heirs, leyal r~presentatives, successors ~nd ~ui~rn (either voluntary by act of tl»
parr~es or involuntsry by ope~ation of the law) of the same and that the covenants he~ein cont~ined shall bind ~nd the benefits aru! ~dvantayq irwr~
~ •o the respective heirs, Icgal repreuntatives, succe~sors and ass~yns of the parties Iroreto.
~ And said Mortgagors, for themtelves and their heirs, 1e9+1 rep~esent~tives, tutuuws and assi9ns, h~reby joiMly and aeverally covena~t and ~pr~e
~ and with the sa~d MORTGAGEE, its successon and auigns: ~
~ 1. To
pay all and s~ngulsr t!x principal end interest •nd tF~e various and sundry ~ums of ma~ey payabl~ by virtue of s+id promissory nofe, ~nd fhis ~
r,o~tgs9e, each and every, promptly on the days respedively the same sev~rally becornt dw.
2. To psy sll and urgular the taxes, assessments, tevies, li~bilities, obligatiorq and enc~mb~ant~s of every natur~ and ki~d now on said describ~d
p~operty, w ~hat he~eafrer may be ~mposed, wffered, pl~ced, levied, or sst~ssed thereon, a that htreafte? may M levied or auess~d upon thf~ Mort¢
age, w the indebtedness tecurcd hersby, each and every, when dw ~nd payable, xcord~rg ro law, befw~ they becane delinqwnt, and befw~ ~n~r Intarep
atraches w any penalty is incurred: AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII 8E PROAMiIY SATISFIED AND DISCHARGED Of
RECORD ANp iHE ORIGIhAI OfFICIAI OOCUMENT (SUCH AS, fOR INSTANCE, TME TAX RECEIPT OR THE SATISFACTION PAPER OffICfALtY ENDORSE~
OR CERTIFIED) SMAII BE VIACE~ IN THE ~IAN~S OF SAID MORiGAGEE WtiHIN TEN DAYS NEXT AF1ER PAYMENT; and in the ~vent that ~ny thereof is ~ot
paid, sat~~fied •nd disch~rged sa'd MORTGAGEE may at any time p~y the same ot any part thereof without waivinp or aflettirg arty option, li~n, equity or
•~ohf under w bv virtue of this mortasae and the full amount of each and werv auch wvm~nt ahall 6~ im~ned'utwlv d.,e and mva61~ a~v1 a6~11 h.~? .ne.~.~e