HomeMy WebLinkAbout0856 ~ ~ - - . = ~ -
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. llth Sevt mber 19 78 b.,w..~, ~
11113 INDENTURE. 1M~d~ ~ d+Y ~ ----~-T- ~
ALLEN F GREEN ENTERPRISES, a Limited Partnershia ' • ~
. . ~ - r..i . t r` t . . .i. • .i .
of S[ . LUC1@ CqM~y f~pid~, MrtiMh~r ds~ipn~ ~d ~s th~ "MORTGAGOR." ~nd FIRST FEDERAL SAVINCsS AN~ LOAN
ASSOCIATION OF fORT PIERCE, ~ oo?pa~tion apu+iud ~nd ~:a~i.+p ui~dN fM laws oi th~ Un~~~d Suas of M~srk~ ~nd Mvlnp hs prtnr3p~1 ptap d
bu~~MN III tIM Ci~ O~ fOf1 ~IMO~. S1. Luw Countr~ ~IOt{di~ }Nf~IMNN desipna~~d a~ tM "MORtGAGEE." .
WHEREAS 1M NIORTGAGOR ~ jwtlr ind~bNd b th~ 1NORTGAGEE in 1M sum ot = 15 ~0~0.~0 9~ ~ ^p^~y ~ V^M~
St~res ~dvMC~d br tM MORTGAGEE w+te th~ 1NORTGI?GOR. ~s tv'~lenc~d by • cen~i~ prom~ssorr noq o1 ~wn d~~~ Ml~whA, of wFi~cA tM folbwln0 b
word~ ~nd iiputN M ~ t~ oopy~ bwba
s_15 , 000.00 ?i ± 1 • ; ~ ~ O1-230~+349
F~ P~.~. :ia~. September 11 ~y 78 _
Fa v~hie rec~ived. 1. we. a~itl~ of ui. pomise to p+v. wi~hovt det~k~tae, to ~Fw adK of FIRS? fEOERAI SAVINGS AND IOAN ASSOCIATION
15 000.00 9.625
Os FORT PIERCE at Fon Pi~~a. ilorW+. tM win of i s w~th int~rest frae~ d+te H tM nt~ of % P~ i^
monthl~r ~nst~llmsnis as idlwva_ s 141 .04 on the lOth day of NOVember i9_~ .~d • lik~ ~wn on
rhe correspw+dinq d~y of eK!? month thereaft~r until tAe whok bt fully p~id• - 4
EKh iruallen~~ iirs~ shdl be ~PPI~ Wy^K^~ ~ the int~re~t •nd then on tM unpaid ba4nce oi th~ p~N+cip+l wm. If dtfauh if ~d~ ~
th~ p~ym~ro of any ieutalHneM wAe~ dve. and sucl+ deiauh cont~nw~ JO d~y~, th~n at ti» oplan of th~ ho1dK. snd without ~ny othsr notics.
aI~M ra.nainwg instalYnenb ~hap be dw Md P+Ya~ P~ivilpt is qiv~n ro p~epay tAis not~ i~+ whob a Ie part ~t ~ny 1'un~ withaA ~
pe.+~ f~r. NeitM? 4wben~nn. nor KtePt~ece by the hdd~t N~erwf ~ftN ~nr dei~ult in ~nY P+Y~^~ hereon, shall b~ de~n+ed eattnsion. A lat~ ~
P
p~y.nef1 clwe~ d i 7•05 sh~ll be ~ssessed tM 46M dw of tM~nwn~h, H• is4ular busina~ d~y. or. if not a r~ul~r bus'w+eu d~r. ~
tMn tht natt bvsinsq day. On t~th monMlp inst~llm~M r?ot iMn r~tciv~d.
E~ch maka. swNp u~d a.~dwst? I~enof. loi^tly ~nd seve~alllr: wsives dee.+nd. wesenrmcnt pro~est ~nd not~ee of prot~st fw no~+p~ym~t. ~nd i
f,,.rhe? +~~ea fo ~nr ~:tenaion of twnt d p~yme~t. eitFw~ befwe or ~ha matwitY. wlrhovt nofice fo ~nr of w: ~nd ~o p~y all coats ol cotlect~w?.
~~c~ud~r~ • rc~sa?sbk ~norner's fy in tM ~wnt of ~nr defwlt haew~der. +nd hersby asw.slly w~ivcs ~11 b~?~efit of iwrnsatt+d ~nd eaamP~~o^ unde~
~ D i?~e co~ut~~u~~on ~nd I~Mn of ~ad~ S~~a of Me Uni~ed Stsus. a~ y~init thu oblgatan a any ex~eniion w re.Kw~l Mnof.
r 0'p LEi~ GREEN ENTERPRISES,a Limited Partnership
~ . . ~+»e ~ u, ~,~m'~itTw.. - . .
s/ Allen F.~Green Sr. :
Dw On Cla~s "C" M~wptbls Pl~rsortilProp~~, ' ~~u
PutwantToChapter71,134,AqsQ~,~~T~, Allen F. Green, Sr., General Part~~~ ~
rt (SEAI)
of•,i doa,22.SQ"•Tvs •~+a~++ ROGEfl PO~Tf~A$*~`~~ _ t
•ffi,ced to th~ enwtpp~ s~ew~d Iw~ afClllf (~.OUA. .St. LtIC1A. CO,~ ~ (SEAl2
NOW, THEREfORE, tM MORTGAGOR fa tM pwpw~ of securinp pspnent of s~~d swn of i 15 . ~~V . ~~d t!» PNfom~^c~ of tM
coven~nts ~nd ap~Nm~s Mrir~hK_ ~:prrued. ~nd ta dven pood ~nd v~lu~bk conside~~tant, bY thes~ prt~~nM. does yraM. b~rpdn, s~ll. remiH,
reteau. convey ~nd tonfirn+ unb tM aIIORTGAGEE. its ~ucce»on ~nd ~ssipeu%sll tl~at cen~in lol, pist~ w pa?cd oi ~+nd. ~itwt~. ~r'u+0. and belnp In 1M
c«,~~y of St. Lucie .~d s,.r. of Florida, d~,u~b.d a fonow.: •
A part of Lot 9, Block 2, St. Lucie Gardens, as recorded in Plat Book 1, page 35, and being
in Section 26, ?ovnship 36 South, Range 40 East, St. Lucie County, Florida, being more
particularly~deacribed as follows: ~
From the intersection.of.the West.right of way line for U.S. Highway Number One (S.R. #5)
and the West line of aforesaid Section 26, run South along the Section line a distance of
673.38 feet, thence on a 90° 00' angle run East 132.366 feet to the point of beginning,
thence continue.East 220 feet to the West right of way line for U.S. Highway.Number One,
thence run Southeasterly along said right of ~ray 150 feet, thence run ~vest parallel with the ~
;Zorth line of the parcel being described a distance of 289.55 feet, thence on a 90° 00'
angle run North 132.904 feet to the point of beginning. ,
By agreement.of Hortgagor and Mortgagee on file with Mortgagee, the within mortgage secures
not only an existing indebtedness, but also ADVANCES to be HEREAFTER made by Mortgagee to
~ ~Sortgagor the aggregate of vhich will equal the principal amount specified in the promissory
" note secured hereby.
N
This is a second mortgage being junior and inferior only to a prior first mortgage from
~ nortgagors to mortgagee dated July 26, 1~78 and recorded in O.R. Book 292, page 1765,
~ public Records of St. Lucie County, Florida. ~
~
t
And it is agreed that the mortgage debts shall be ~~erged into a single indebtedness and any.
default under the first mortgage.shall otherWise constitute a default under the terms of ;
~
this mortgage. ~
, ~
Se•ner w~th •11 •nd s~~pulu t}u ur.~m~nt~. her~daamenU •nd •ppvrt~ncn thereunto beionfl~np w in •nywise ~ppsrt~inlnp IMnto. •nd ~11 nnh. lasuea,
_:~:e:ds ~nd p.oi,t~ ~cav:nq. ~nd to ~cvw frorr+ a~~d pemisn. ~II of wF.~d+ ~.e included in tM ~bov~ snd iwpanp d~wiption ~nd Mb~nduin.
. TQ HAVE ANC ?O MO,tO tM ~bw~ d~saib~d snd pr~nted premiNS u~~o tM a~id MORTGAGEE. 1r~ suaasaors ~nd •uiprr fwww. Md th~ ~+~d
+,~~k7GAGOR 10~ their 1yin, sa~cvtort. ~dmii+utr~fw~ ~nd •~~ipeu.-1~r~by cov~nanta with the s~id lNORTGAGEE, Ih wa~awn ~nd ~utpti,
~ they are
_ brAvlly wi:ad d tM ~aid p~em~sa in 1~~ ~in+fl~: tMt th~ s~m~ ~r~ fiN, cl~sr snd disclurp~d lran ~11 li~rr v~d ~naw~*
~.•.~.e~ in Isw o~ 1n puihr. ~nd 1i+~1_ they r„in a~ tt1e1T hein ah~ll wur~r~A a+d d~bnd t}r thb to tM MRN 14 lIN MId
v.~;:tG~GEE. It~ ~ucc~sion ud •upns, fw~+~+ ~y~~roi ~M l~wlut cl~~rry •nd d~m~nd~ of ~tl person~:
~ PROVI,^,fD, AIr:AYS 1Mt N sh~ lVICRTGAGCR sh~I! p~~ u~to the MOR7G~GEE tM prom:~~wy no?e her~Snb~ioa• d~ww.»d ~r+Q ~A~11 trvly, promptlr
~ d s;,~'r p~rfaT, d r:R~~p~. •aKUt~, compi~+~. con+plr wi~h aod •b~de by ~~ch ~~+d w~ry tM ~~~pvla+7o++~, apre~m~nri, co~di~iont •nE tov~nant~ o( u~d
~ o~.'..ory not~ •nd d thi~ Mwtyp~, tf»n ihb Mwt9~p~ •nd tM E~f~i• her~by v~~ted aMll c~a~ ~nd b~ nvll •nd wid. . ~c `
~ IT IS UNDERSTOOC tMf tFy word "Mwtp~por' wMtMr in th~ ~input~ w plw~l ~nywMr~ M 1!w 11Awtp~y~, s}wi) b~ afnpvi~? N on~ ontp ~nd ~ '
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~ r' ,i! b. pl,,.d io~n~ly ~nd w.~rdly H~na~ tMn or?~. ~ed th~t the wwd "tMi?' v~~d ~nywMr~ in thi~ Mw~p~p~ ~MII M t~k~n to nw~n "Af~,` "h~?s.` ~ ~
..~n" wMreva th~ co~~~rA ~o M~ptfp w~d+~l». AIw, thd wMr~v~r 1A~r~ B~ r~l~renc~ in tM cw~r»nb ~nd •pl..m.n» M.•in ooro,l~.d ro•rw o! ~ ;
; ,.n:n Mr~~o, tl+~ urn~.~Fup b~ con~t.u~d ro rrH~n w~U tM Min. tpd r~p.~~sntd~~s~, n.cc~uon •nd •~i~pn~ (~UMr volunury bp ~t1 of tM ~
~ • e~ or involvnr~ry bp opr~t~on' p1 1M t~w) ol t!~ ~~m~ a~+d 1f.~t 11~• coven~m~ h~•~:n cont~~n~d ~h~ll b;nd ~nd tM b~»Fir• •nd ~dr~nt~p~t Inur~ W i
~•e~~wct;r~ h~~n. 1~pd r~p.~s~m~ttvn. ~veu+~oc~ •nd a~dyn~ of tM p~M,~a ho~ro. ~ ~
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And •i~d N.o•~p~pon. ~w tMm~~l~n ~nd tn~ir h~~n, t?p~l r~p•~uni~tiv~a. ~~cu~~or~ •nd •n~~r.~. hr~by jo:mly •nd a~.~r~lly cov~n~nt u.d •p+N ~ ~
~ .•d w~th t1N MORTGAGEE, in ~ucuuon •nE ~a~:pea: ~ ~
1. To p~~ dl u+d ~inpvlar 1M p?:nup~l •nd in~~rnt ~nd IM var:ov~ ~++d ~undry ~w+r o1 mon•y p.r•b4 br virtw of ~~id p~omi~wry not~. •nd t1~N ~
•~ch ~nd ~wry. P~«^Ptlr m tM dsy~ n~p~~.tiip ti» ~~rn~ Nv~.~lly Decarw dw.
Z Te psy ~11 •~d ~:n9vi~r tA~ ~~aN, ~~~~um~n», 1~.~~~„ Ii~b1IH~~~. obt;p~Yon~ •nd •ncv~nbr~nc~s oi •~~ry nar~r• ~nd kir+Q now a+ ~~W d~sdlMd N
.::.,ry. p ttial R~r~~tnr m~y b~ in+pes~d. •~fl~.~. pS~t~4 ~w~td. w•u~~~~d th~r~oe~, a thN h~re~itK m~y k» !~v;ed or •~~~~~d upon 1h1~ Mat~ ~
w insl~b~~dr++n ~~evr~Q Mr~by. •~eA ~nA w~ry, wF.~n dv~ ~nd p~r.~t~. ~ceord~np to t~w, t,~1w• ther b~coer• d~Nnq~~nt. •nd b~tor• •ny 1M~r~u
a•~r w^•~+r »~^~W~•d: ~Na ~~SOfAR AS ANT THEREOf IS Of RKOQO TME S~E SMAtt 6E PRONIPTLT SAtISF1E0 AND C~SCMARGE~ OF
~ ~~D AND TME OR~GIhAI OfFICIA~ pQ~UMENT {SVCN AS, fOR INSTANCE. THE TAX RECf IPi OR THE SAtISfACTION ?/1DER OFfICIAIIY ENDORSED
C[c:1f;E0) SHAIt SE ~lACEO tN iNE HANDS Of SAID MORiGAGEE WITMIN TEN ~At'S t~lEXi AfiER PAYMENT; •nd in 1M w~nt fMt ~nr IMrw~ b nW
~ . i t~.fd •RA Q~d~~~p~d f~'d MORlGAGEE m~y •1 •ny t;m~ p•r ~h• s~n~ a•nr p~r1 ~hr~oi wi~hauf v.+~~lnp or •if~ctinp •nr opt~on. It~n, ~qv?ty a
~ d~r a br vi.r~~ ol thi~ mo•tp~p• •~+A ~h• ~vlt ~:na~n~ o~ uch and •~t~y ~~cA p~~n ~n? ~h~ll M immed ately aw •nd p~y~b!• •nd th~N b~u Int~rep
~ e d.ee ~h~uo~ ~nlit p~:d N n+• o} n~• p~~ e~n~~n, p~. •nnu~r. •~d ~op~+Mr w~th weh ir.~~r~~r ~I+~tl k~ ~~ev~~d b~ Ib~ li~n ol /h't mo~p••p~.
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