HomeMy WebLinkAbout2498 INDIVIDUALS ~ ~
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MQRTGAGE
THIS MoaTTaAOS, dated tM 15th ds at . - .August _ A. v. isi .79.___ . by and
between RALPH .CAIN III and 6ETT1f L. CAIN, his Mife
cll.a ~ Motes. and PORT ST. LUCIE BANK, Port St. Lucie ~orwa~
a State ~ banking assodaNon. udder tM laws of tM herolnafter filled the Mort~elgee,
VYITNESSETH. that for dhters good and valuabN oortslderatlons, and abo in consideration of tM aggreQab wm named M
tM prombsary nob hereinafter desMbad. the sold Mows do Mreby grant. bargain, sell, alien, remhts. rMease. oorrwy and
confirm unto tM saW Mortgagee. aN that certain pNq, pdral. or tract of land of whkh tM saW Mortgagors an now seitwd and
possessed and In actwl possession. situab in tM Courrdl of St _ Luci P. - and State of FbrWs. described as follows:
Lot 11, Block 5, PORT ST. LUCIE, SECTION TiiENTY-FIVE, according to
the Plat thereof as recorded i n .Plat Book 13, .Page 32 of the
Public Records of St. Lucie County, Florida.
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RECEIYEp f / b~ p~
CUSS-~ ¦ PAt!~ OF TAXES
OU' ~ ' IMTAM6161E PERSONA! PROpFRTY,
{u"'~~T TO RAFTER 71"-t34, ACTS OF y)
ROGER PCRR11t
C1aU ~~LIItT COURT, ST. ~7E ~
I
! :.ris lrrstrarrera Prepar.~ DY: .
Jo Anne Honkonen
PORT 5T. LUCIE BANK
- Pat Si:. Ltar6e, Fla. iii
Together with all stnutures and improvements now and hereafter on said land, and fixtures attached thereto. and all rents,
issues, proceeds, and profits accruing and to accrue from said premises, all of which are included within the foregoing description
and the habendum thereof; also all gas. steam. electric, water and other heating, cooking, refrigerating, lighting, plumbing, venti-
lating; irrigating, and power systems, machines, appliances, fixtures, and appurtenances. whkh now are or may hereafter per-
tain to. or be used with. in, or on said premises, even though they be detached or detachable.
TO HAVE AND TO HOLD the same. together with all and singular the tenements, heredlatments and appurtenances thereunto
belonging or in anywise appertaining, and the reversion and reversions, remainder or rernalnders, rents, iswes and profits thero-
of, and also all the estate, right, title, interest. homestead, dower and right of dower, separate estate, possession, claim and
demand whatsoever. as well in law as in equity, of the said Mortgagors in and to the same, and every part theroof. with the
appurtenances of the said Mortgagors in and to the same, and every part and parcel thereof unto the said Mortgagee in fee simpb.
And the Mortgagors hereby oovenarrt with the Mortgagee. that they are indefeasibly seized of said Isnd in fee simple; that
they have full power and lawful right to convey the same in fee simple as aforesaid; that it shall be lawful for the Mortgagee.
at all times peaceably and quietly to enter upon, hob, occupy and en°oy said land, and every part thereof; that the land is and
> will remain free from all encumbrances; that said Mortgagors will make such further assurances to prove the fee simple title to
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 defend the same against the lawful claims of all persons whomsoever.
/ PROVIDED. ALWAYS, that ff the Mortgagors shall pay unto the Mortgagee the indebtedness to Mortgagee in the principal
sum of i 52.000.00 as evidenced by that certain promissory note of even date herewith, executed by Ralph Cain I I I
and Betty L~,~i n s his rife and payable to the order of Mortgagee, with interest and
upon the terms as provided therein, the final maturity date of which note and of this mortgage being September 1 ,
~A(ZQQ4 , which note provides that all instalments of principal and interest are payable at the office of payee.
Port St. LUCi a ,Florida, or at such other place as the holder may designate in writing. and that each maker and
endorser agrees to pay all costs of collection, including a reasonable attorney's tee, upon defsuk in the payment of said note.
and that ff defauR be made in the payment of any instalment thereunder and that if such default is not made good in accordance
with the terms of said note, that the entire
$Q~ 314 PaUE 2491