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Executed tho 28th day o/ August ~ A. D. 19 79 br
~ E. Hoc~AN and BLZZ ~ HocAN,
heninajter called the mortgagor, to
Ft~ BANK AT FORT PIERCE, a barking corporation organized and
exf sting uxier the Lass of the Statre of F]Arida,
heretnajier eaUed the mortgagee:
(w~asve..na 4n;. t?e yet.. aad ".wrwa~e" iacMd~ a9 ti. p.w. M Ali. i..a,a•eN d t4, ie~
kpl ~ev.ae.bave...a rye 01°:~..a ve e.craeots ..d e•~s•• 0/ oaootee;w; ..a ire w. •
~.clrrda aY tie .oee. lea.' deaerie~a u .«e we.~
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~~nu~tdt, that Jor good and valuable co?utdt?attons, and also in consideralton of th. aggre-
gate sum named to the promissor~? note o/ even -date herewith, heretnajter described, the mortgagor here-
by grants, bargains, sells, aliens. remises. conveys and Dore/irnu unto the mortgagee aU the certain land
o/ which the mortgagor t: now seized rend in posaeuion situate in Saint Lucie Countp,
Florida, viz:
Lot 4, of the Southeast 1/4 of the Subdivision of Section_
4, Township 36 South, Range 39 East, according to the Plat
thereof, as recorded in Plat Book 3, Page 30 of the Public
Records of St. Lucie County, Florida, LESS AND EXCEPTING
THEREFROM all rights of way for drainage and public roads.
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The Mortgagors agree to pay all taxes, assessments, and '
utilities that may be levied and assessed against the
property herein, subsequent to the date hereof, and agree
that if the Mortgagor shall fail to keep the property
insured or to pay any premiums or pay taxes, assessments,
or utilities, then the Mortgagee, if it so elects, may
pay the same, and the amount so paid shall be secured by
E this Mortgage, and repaid with interest by the Mortgagor
within 15 days after the receipt by Mortgagor of written
notice thereof. Failure to make such payments shall be
deemed a default of the Note secured hereby and of this
Mortgage.
It is understood and agreed that should there be any con-
demnation action, proceeding, or suit by any condemning
s authority of any portion of the property covered by this
Mortgage, then, at the option of the Florida Bank at Fort
Pierce, any portion or the entire proceeds, of such condem-
nation shall be applied towards the indebtedness secured
hereby
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