HomeMy WebLinkAbout0255 i~ I{AVt ~ W ~W~ fhe same, fogef~er wifh t~~ tfnemenfs, hsr~dttumenta nnd appu?ta-
nancea fhereto be~o~ging, and fke ?ents, ts~ues and pro~it~ Ike?tol. unfo fh• mortgago~. tn (a~ simpl~.
~d !ke mortgagor covenants witlt t1~e mortgagee tknt the mortgagor ta indejeasi6ly setzed oJ anid
land in /es ~imple: fhat the mortgagor haa good ?tght and lawjul authority to convey said land as ajo?e-
anid: thu~ the mortgagor will ma~e such ~urther aaaurances to psrject the jee aimple title to snid land in the
moNgngee as may nusona6ly be required: that the mortgagor hero6y /ully warranta Ihe t~tle ~o aaid land
and will de%nd the same agai?wf tlte lawJul claima o( al~ penona whomsoeve~: nnd tl~at suid land is /?ee
and cte~or o) all encumbrancea except taxes accruing subsequent to December 31,
1978; that certain mortgage to First Citrus Bank of Indian River
County dated September 7, 1976, recorded in O.R. Book 257, page
1396, public records of St. Lucie County, Florida, having a princi-
pal balance of $234 319.77 ; that certain mortgage to Claude
~ Douthit, Jr., et a, ate March 15, 1978, recorded in O.R. Hook
283, page 1665, public recorfls of St. Lucie County, Florida, having
a principal balance of $166,108.87; and that certain mortgage to
Claude Douthit, et al, dated March 15, 1978, recorded in O.R. Book
283, page 1670, public records of St. Lucie County, Florida,.having
a principal balance of $498,326.59. A default on any of the~above
mortgages will constitute a default on this mortgage and the promis-
sory note secured herein.
(Continued on reverse)
~~s~ t~at i~ sn~d more9ago~ shal! Poy ~eo ~o~d .~wn9~~ ehe oertatn p.~o~-
sorp nob ~ereinu~ter au~itantia~~~+ rnpie~/ or idenli(ied, to-wit:
. . ~ .
t 73~,164.64 ~y r" Tg
. Fo~t Pierce. Flaida , 19-.-- ~
AS ~ ~1 .
afier date, I, we or eithe? of us promise to piy lo the otdtr of "
LY~Vm L. 1~lli~[t
--seae~ a~,a~a ~~a o~ ~ar0a ssxt~-~+a~c aoa ~noo--
oau?as
for v~lw reaeived, paYabl¢ at ~t ~f~ ~ 717
P't. P3er+oe; FLo~ida 33450 - w~th interest
from at the rate of per cent per annum until paid; interest payabl~~p•
' N ddwlr w~w~ in +eY P~r~~ whan dw and oontinws iw ~ day~, dw~ eM api~+ o~ M~ Ael~, and wMhwf ~n~r alr? eaie~,
~ ~M Nr e~wuii~ b~bwo~ dwN b~ dw ~nd ~y~bb N onoe.
~ M/ Md o! w wM~hn w~alw,
~ y~awnbr a~ndonN. h~r~bq Nw~~Np waiv~n ~d rmar+u~ anr ~nd aN ha~epe+d ~~owiplian riOM~
wr nNy Iwr ~rwl~r Hw CaW~tion a l~wa of tly Stah of flaida. er any ah~. StN~ a Unit~d Sta~a,. M a~inrt Nw nw~t and wd+ furlhw
` ~•~ooMS~pibpi~ ~ and in •~.tpec e~e~s~ wce~c~ tNs ~wN tlrarOh an ananh?, piw~ to pry
t~c~na na?~w'~ tN ~~l ~ ~pl~lafoel.
~ n~. w~. b. p.n~ tn who~. e. sn p«. ~ aw w:e~a,t ~ a~ter Ja~l~1.y 1, 1980.
All ww~ in d~foult dwil b~a int~~t af idl~ p~r unww.
~e p~r~ciQ31 B aVid~'llOe~ he2+eby Bh811 bB pe~b~1@ ~Tf fiV@ (5~ e~ual?
euoo~sasiae aon~l ir~atallmeats c! $146,832.93 e~di. be~gimf~g ac~e (1~ ysatr from
the dabe he~re~o~f, a`d inbeYest an tt~e trpa~,d parincip~nl bal~moe ahall be due aod
payabLe tri~ each ~~st~.? a~ p~rincip~l.
~x raquired bY 5201.08 Fla. Stat. h~ been
~ ~id ~d pa~oper st~ a~fioe~-b~ the
- nQ'bg~ge vhi~ch sec~a~es ~e
~ e~v~a~a ~ thsa
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