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HomeMy WebLinkAbout1876 t 3 . ~~O9p MORTGAGE DEED THIS MORTGAGE. executed this .~Q~h..... day ot .........Jul•}j A.D., 19. 79., by Morris Schtupak and Sandra Schtupak, his wife hereinaUer called the Mortgagor. which term shall include singular or plural, corporation or individual, and either sex. and shsU include the heir, legal representatives, successor and assigns of the Mortgagor, to AMERICAN HANK OF MARTIN COUNTY. a State banking corporation organised and existing under the laws of Florida with its principal place of business in ~ Martin County, Florida. hereinafter called the Mortgagee. which term shall include the successors and assigns of the said Mortgagee. , . WITNE$SETH THAT, WHEREAS, the Mortgagor has received a loan from the Mortgagee and is justly indebted to the Mortgages. which indebtedness is hereby acknowledged and is evidenced by a certain promissory note, a copy of which has been marked "Exhibit A" and attached hereto and the provisions of said note are by reference made a part of this instrument.- NOW THIS MORTGAGE WITNESSETH, that the said Mortgagor for the better securing of the several sums of money mentioned in the said note does hereby grant, bargain, sell. alien, remise. release; convey and confirm unto the said Mortgagee, in fee simple forever, the following described land. of which said Mortgagor is now seised and . possessed and in actual possession situate, lying and being in...~~~ZH • • • • - • • - • • -County. State of Florida, and more particularly described as follows: Lot 19, Block 226, SOUTH PORT ST, LUCIE UNIT SIXTEEN, according to the Plat thereof, as recorded in Plat Book 16, page 43, of the Public Records of St. Lucie County, Florida. f This is a Second Mortgage Note and is inferior only to that certain Mortgage recorded in O.R. Book 285; Pages 431, Public Records of St, Lucie County, Florida and any default under said Mortgage shall constitute a default hereunder. O AMOUNT FINANCE~~ X8,321.90. • 10 M MYMEIIT Of TIIXEi r1ECElrEls f~ ~ n ~ 7AT E o F F L O R i jJ ~ DUE ON Cl1~SS 'C IMTAItCJ>fA E rERStt1AL PR9PERTr, cr, DGCUMEN_?ARY,~=-::;; 57la M P + ~ PURSi:ANT 70 . WU'T;R 71•t:A. ACTS OF 1f171. t~EPT. OF Rt:yfHUf - - ' RL6ER PQITRA6 -mac o .«3 ? ."~.~,j ` 1 CLEItK-CIRCIKT COWtT iT. NCE ~ M. _ P.B. - TOGETHER WITH all and singular the tenements, heriditaments and appurtenances thereunto belonging or in any wise appertaining and all structures and improvements now and hereafter on said land and all 6:lures attached thereto, together with all rents, issues and profits accruing from said premises and all gas, steam, eleMric, water. plumb- ing. lighting, ventilating, heating and cooling systems, which now are or may be in or on said premises though they be detached of detachable. including but not limited to all refrigerators, stoves, ovens, appliances and carpets and all { additions. replacements and increase Wereof hereafter acquired or located on the said premises, and all attachments and parts thereof, and any additions, extensions or betterments o[, in or to the buildings now or hereafter erected on the said premises. TO HAVE AND TO HOLD the above granted premises, with the appurtenances unto the said Mortgagee, in fee simple forever. AND the said Mortgagor hereby covenants and agrees with the said Mortgagee as follows: 1. That the Mortgagor is lawfully seized o[ the above described premises in tee simple and has good right to sell and convey the same to the Mortgagee: that the said premises are free and discharged of and from all to:es, tax titles or certificates, judgments, mechanics liens and encumbrances of any nature or kind whatsoever and that the Mortgagor ~ will fully warrant and defend the same to the Mortgagee, against the lawful claims and demands of all penwna whom- soever, and will make such further affiurances to pertect fee simple title to said land, in the Mortgagee, as may reason- i ably be required, and will pay the several sums of money agreed in the said note to be paid and all installments of prin- cipal and interest thereon promptly when due, and according to the true tenor and effeM of the said note. ' i 2. That the Mortgagor will pay all and singular the taxes, assessments, levies, and encumbrances of every nature on the above described property, and upon this mortgage and note, or the money secured thereby, before delinquency thereof and receipts evidencing payment of said taxes, assessments, levies and encumbrances shall be deposited with the Mort- gagee on or before March 1st of each succeeding year during the term of this mortgage: and if same be not promptly paid when due, the Mortgagee may (without obligation to do eo) pay the same, or become purchaser of any lawful evi- dente thereof. or certificate therefor, without waiving or affecting any right hereunder and in this mortgage, or the said note which this mortgage secures: and such payments or expenditures ao made shall bear interest from the date thereof at the highest legal rate. _ 3. That the biortgagor will keep all real and personal property now or hereafter encumbered by the lien of this mortgage insured as may be required from time to time by the Mortgagee against loss by Ere, windstorm and other hazards. casualties and contingencies for such periods and for not lean than such amounts as may be required by the Mortgagee and to pay promptly when due all premiums for such insurance. The amounts of such insurance required by the Mortgagee are expressive of only the minimum amounts for which said insumnce shall be written and it shall be incumbent upon the Mortgagor to maintain such additional insurance as may be necessary to meet and comply fully with all rn•insurance requirements contained in said policies to the end that said Mortgagor is not a co-insuror thereunder. Insurance shall be written by a company or companies approved by the Mortgagee and all policies and renewals thereof - shall be held by the Mortgagee. All detailed designations by the Mortgagor which are accepted by the Mortgagee and ti BDOK~~ P~Gf ` _ _ ~ ~