HomeMy WebLinkAbout0476 INDIVIDUALS a3~6461. / ~ ~
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MORTGAGE
TNIS MORTaA(iE. dated th~ Thlrt~fith day of NOVC~itber A. D. 19 ~Z , by and
~~~William F. Stubbins and Gayle M. Stubbins, his wife
h~n(nafbr called ths Mo~sgo?s. and Fort St . Lucie Bank . Port St . Lucie Floraa.
, State banking suocistion under the laws M the United Statos of AmsHca. hereinafter Called the Mo~igagee.
WITNESSETH. thst tor divers Qood and vslwble considentions. and also in oonsideration oi th~ aggn~gate sum named in
ihe praMssory note hereinsRer dascribsd. tM said Mort~sgoa do heroby gnn~ bargsin. sell, sli~n. r~mis~. nSease. convey snd
confimn unto the said Mortgagae. atl that certain piece. psrcel, tract of y~nd of which the ssid MortgaQors aro now seizad and
possess~d and in actual possession, situate in the C~unty of ~t .~iCle snd Stat~ of FlorWs. desc~bed as folloMrs:
Lot 13, Block 3126, Port St. !.ucie Section 45, reeorded in Plat
Book 16, page 25A, public rec~ords of St. Lucie County, Florida.
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Together with all structures and improvements now and hereafter on said land. and fixtures attached thereto, and all reMs.
k issues, proceeds, and profits accruing and to accrue from said premises, all of which are included within the foregang description
~ and the habendum thereoi; a{so a!I gas, steam, etectric, water and other heating, cooking, ref~igeroting, lighting, plumbing, venti-
lating, irrigating, and power systems, machines, appliances, fixtures, and appurtenances, which now are or may hereafter per-
tain to, o~ be used with, in, or on said premises, even though they be detached or detachable.
TO HAVE AND TO HOLD the same, together vrith all and singular the tenements, hercdiatments and sppuRenances thereunto
~ belonging or in anywise appertaining, and the reversion and reversions. ~emainder or remainders, rents, issues and profits there-
of, and also all the estate, right, title, interest, homestead, dower and right of dower, separate estate, possession, claim and
~ demand whatsoever, as vrell in law as in equity, of the said Mortgagors in and to the same, and every part thereof, with the
~ appurtenances of the said MoRgagors in and to the same, and every part and parcel thereof unto the said Mortgagee in fee simple.
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And the Mortgagors hereby covenaM with the Mortgagee, that they are indeteasibly seized of said land in fee simple; that
x they have tull power and lawful rigM to convey the same +n fee simple as aforesaid; that it shall be lawful tor the Mortgagee,
~ at all times peateably and quietly to enter upon, hold, occupy and en`oy said land, and every pa~t thereoi; that the land is and
~ will ~emain free from all encumbrances; that said Mortgagors wlll make such further assurances to prove the fee simple title to
a said land in said~Mortgagee as may be reasonably required, and that said Mortgagors do hereby fully warrant the title to said land,
= and every part thereof, and will detend the same against the lawful claims oi a!I persons whomscever.
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~ PROVIDED, AIWAYS, that if the Mortgagors shall pay unto the Mortgagee the indebtedness to Mortgagee in the printipal
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sum of S~2~6~0.~~ as evidenced by that certain promissory note of even date herewith, executed by
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~ Wlul~ F. StU~1riS ~ Gavle M Stubbins, ~'11S Wlf~d payable to the order of Mortgagee, with interest and
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~ upon the terms as provided therein, the final maturity date oi which note and of this mortgage being ,
, which note provides that all instalments of principal and interest are payable at the office of payee.
~ , Florida, or at such other place as the holder may designate in wnting, and that each maker anC
enCorser agrees to pay all costs of collection, including a reasonable attorney's tee. upon detault in the paymeM of said ~ote,
~ and that if default be made in the payment of any instalment thereunder and that if such deiault is not made good in accordanCe
w~th the terms oi said note, that the entire
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