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Home My WebLink About0531 ~~~~J ST-39,739 ~ MOI~TGAG~: ~ WITH POWER OF 6Al.E~: i KNOW A~.L MEN SY T~iFBE PItE8ENT8: ~ ~t .ve Larry K. Acker and Charlene M. Acker, ` ~ husband and wi. fe t3rantora R~'~' p~°~'t~ 1°c~ for wd in coaslderotba oi the aum oi ONE DOI.L.AIt. to OranLora in hand bue On Clsss "C" Intanpibb Psrsonsl Pr ty~ ps1d, the recelpt oi wWch 1s henby acd?owledged. and W conaideratioa ot ~u~susnt To Chapts? 71. 134. Acts Oi 1 71. the pnmiaea heninattee aet forth~ do hereb~ CiRANT. BAR+t1AIId. BELL and ~ ROOER POITRAS oor~v~7[ unto _ Bank_of.. Bet1tQt~V31.14.~. .1r3_ A7Ck8~2Sd3_..__._-- r~e,~ c~rcuN CourL St. ~ucie, co., F~~. 'f` _ Bankinc~.. Corporation_. _ . ~ , - - - - - t3rantees. and untio araa0eas' tiet~X (auoceaaora) aad aaalgns ioraver. t3~s r, touowtng properq?. sltuated m_St~_ ~,uC~~-.... connt~~7~Rti~molqtfoi~lk Florida, to-wit: b<<- ~S , 5~ ° Lot 35, Block 1543, PORT ST. LUCIE SECTION THIRTY, as recorded in Plat Book 14, Page 10 and l0A through 10I, of the Public Records of St. Lucie County, Florida. THE SECURITY LYING IN ST. LUCIE COU:~TPY, FLORIDA, REPRESENTS ONLY 2.327> OF THE TOTAL OBLIGATION, AND THE STAMP TAX AND THE SURTAX ARE BASED ON THAT PERCENTAGE. TO HAVE AND TO HOLD the same unto the said draateea. and nn0o C?rantees' hN~etX (aucceaaora) and asaigna forever. wlth all appurtenances thereunLo belonging: and all renta. income and profita thereirom after any default herein. We hereby covenant with the aaid (3ranteea. C3ranteea' li0s~i. (sncceaaora) aad aaaigns, that said laada are iree an~! clear oi aII encumbrances and liens and wtA forever warrant and defend the title to aaid propeMy ag:~inst all lawiul claims. And I. _ Charlene M. Acker Larry K. Acker . wife of the aald - . - - - for the consideration aforesaid do hereby releaae unto the aald dranteea and unto (3ranteea' ]m~. (successoral and assigns forever. all my right and possibflilq of dower and homeatead 1n and to the aaid landa. Th1s sale is on condition, that whereas, dranbora are justly indebted unto the sald (3rantees in the sum ot ONE HUNDRED FIFTY FIVE THOUSAND and 00/100___ _ __~lla~ 155,000.00 - - - evidenced by one p~~~~, pote___ dated _October _ 2 4___._ 19 ~ 8 . payable as follows: . $2,595.00, including principal and interest, payable monthly, begir.ning two (2) months from date hereof and $2, 595.00 on the same date of each succeeding calendar month thereafter until paid in full, provided that all principal and interest nat sooner paid • shall become due and payable seven (7) years~from the date hereof; and each said installment payment, when received, shall be applied ~ by the holder heXeof, first to interest accrued to the date of receipt ' of said payment, and the balance, if any, on account of the principal hereof. Interest accrues at the rate of ten percent per annum. This mortgage shall also be securlty for any other iaciebtedneas of whatsoever kind that the C3ranlees or the holders or owners oi this mortgage may hald agatnst Qrantors by reaaon ot future advances made hereunder. by ~ purchase or otherwLse, Lo the time of ttie satisfactton of this mortgage. In the event oi default of payment of any part oI said sum, with intereat, or upon failure of C3rantora to periorm the agreenients contained herein. the Cirantees, Cirantees' L~ltx (successors) and assigns, shall have the right to declare !IP ~ the enttre debt Lo be due and papable; notice to C~raatora is waived. and said option may be exercised at any time aiter ~ detault; Cirantors hereby covenant that they will keep all impmvements insured agalnat fire. with all other full coverage insurance, ior Weir insurable value, loss payable clause to holder anci owner of Wia mortgage; that said impmvements ~ will be kept in a good state of repair. and waste will neithe r be permilted nor committed; that all taxes of whatever nature. as well as assesameats for impmvements will be pald when due; and ia case of failure or neglect o! (~rantors under thls paragraph. (3rantees maq pay for same ar.d shall have a prior lien upon said propezty for repayment. with intereat at the rate of 10~'o per annum; Now. therefore. if Cirantors shall pay all indebtedness aecured hereby, with interest. at the times and in the manner aforesaid. aad pertorm the agt'eements herein contaiaed, then this convepance shall be void. In case o! non-payment or failure to pertorm the agreementa herein contslned. the said (~ranteea. drantees'7b~c (successorsl and asslgns, shall have We rlght and power b take posseasion oi the pmperty herein conveyed and ezpel any occupanb therefrom without process of law: to collect rents and pmfits and applq same on unpaid indebtedness: and aith or without possession to aell said property at public sale. to the highest bidder for cash, at the front door of the Courthouse in the City oi . - . . - - - . . . _ _ _ County of _ - - - . _ _ _ and State of Arkansas. Public notice oi the tlme, terms and place of sale having rirst been given tweaty days bq advertising in some newspaper in said County, bq at least three insertions, or by aoticea posted in ten publlc places in ffie County. at which sale any oi the parties hereto, their }S~it~: ~successors~, or ass!Qn.4. may bid and purchase as any thircl person might do: and _ ~ (3rantors hereby authorize the said Cirantees. C~ranteea' ]I041a~qC (aaccesaora) or asslgns to convey said praperty to anyone purchasing at said sale, and to convey an absolute Cue thereW. and the recital of such conveyance shall be ~ taken as prlma flcie trae. ThP proceeds M ~ai~' szlp shall be applied, iirst, to We payment of all costs and expenses nttending sald sale: second to the payment of all indebtedness. aecured hereby, with interest: and the remalnder, ii anp, shall be paid to the said drantors. Qrant~r4 hereby walve anv and all rlghts of aopraisement. sale. redemption, ~ and homestead under the laws of the 3tate ot Arkan~as. (7he word "Qrantors" and the word "drantees" shall be •constn~ed to be "t3rantnr" or "drantee" where th^ s~ase of the meaning requfresl. ~ our s s 24th October 78 , 'WTITTE88 - . hand an~ seal . ~ Y a - - - - - - - _ _ , 18_ ~ No~ 1 12 ~ PN'78 ~ ~ ' i 8eal ~ ,3 - Q~.~ . - - ' Pcepared ~j ~?LEO AN~ pEC0110E0 - ~ - - ~ urnE a~ u?w ENCE sT.~uc~f Ca?rrr.~~, ' ~ ~ ATTOANEYS wT ~~w ~iOGERiC!TP.AS ~~"~~<:~~~"i ~ f_- !Seal? BENTONVILLE. ARKANSA$ CLERK :iRCUl2 COUR ~ ` ~ - ~ ~ ` ~ Rtt011D vER~?tFp ; ACKNOWLF.DG~iFNT ~ E TI' REMEMBERED. That on this day came betore the , BTATE OF ABpntons j TF~+~~~~ I cOUN'&Y.Q1f' :-~-s.- - - ` undefsigned, a Notety_Public within P.n~ for the Count aforesaid, duly qualifted, commissioned and acting, Larr : R.. Acker and Charlene I~. Acker - . _ _ - - - _ . _ , r~ to me welllmoam as the Qrantor in the foregoing MortBaBe, 'and atated that _ theY 6ad executed the same ~ foq~~.tbe,~DSideration 1nd purpoaea therein menti~ and aet forth. 78 ~ W!Z'NESS my hAnd and oSicial ge~.l on th+.s th daq oi . OCt,obQr . . 19 , - ~ y fasf4p e~~lrea: ~ ~ ~ ~ 3M~ q ~ • V ~9 / r 5 ~ • ~ - / .t',:c.,7 ~ ~ T-~----._~ . . 80~!~ s .F . . ~ ~ ` Nota Pnbllc . - SiEALI - t'y ~ : - - ~~-Y ' t ~ - ~ YM ~~a~... ,.n. , ~ _y . _ , _ ~ _ r a~