HomeMy WebLinkAbout2338 MORTGA3E DEED / RAMCO FORM RE38
TO COIt?011AT10N ?110Y INOIYIOUAI ~ `
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Fxet~uted the ja T/~ day o/ MARCH A. D. 19 80 by
CHARLES A. FAUCI and ANNETTE M. FAUCI, his wife
ltereinajter called the mortgagor, fo
W. C. COMPANY
a corporation existing under the Inws of the State of Florida ,with its permanent postojjice
address of 5301 Sunset Drive, Fort Pierce, FL 33450
' hereinnjter called the mortgagee:
(WAercver used >sercia toe terms "mor sad "mortsa~ee" include all tAe puttee to tilts itutrument ud tle \ein.
~ IeRal rcpretenuuves sad atri ro or iod. sad t?e succe•wrs and aui~w of corporatiotn; and the tern "wte"
include aU the notes 6ercin t~ribed it tsore tAen one.)
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i ~~tn~e~r that jor good and valuable considerations, and also in consideration o/ the aggre-
gate sum named in the promissory note of even date herewith. Itereinajter described, the mortgagor here-
by grants, bargains, sells, aliens, remises, conveys and confirms unto the mortgagee ell the certain land
of which fbe mortgagor is now seized and in possession situate in $ t . L U C 1 e County.
Floricla, viz:
That part of the West 80 feet of the East 1040 feet of the S.2 of
Outlet 7 and N-Z of Outlet 8, according to the plat of WHITE CITY,
as recorded in Plat Sook 1, page 21, public records of St. Lucie
_ County, Florida, said lots lying and being in E.2 of S.E.: of
Section 4, Township 36 South, Range 40 East, more particularly
described as follows; to-wit:
From the N, E.4 of the S.2 of Outlet 7, being a point on the West
right of way line of Oleander Avenue, run N-89°30'29" West along
the North line of S. 2f 960 feet for goint of Beginning; thence
S.0°29'31"W 168.34 geet; thence S.53 5'31"W. 99.61 feet; thence
N.0°29'31"E, 227.68 feet; thence S.89 3U'29"E•
80 feet to Point of Beginning.
Subject to a first mortgage to Citizens Federal Savings & Loan
Association of St. Lucie County, Florida, recorded in Official
Records Book 303, Page 1465, February 16, 1979, in the original
amount of X29,400.00, recorded in St. Lucie County, Florida.
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~ 1PJ FDG!TlON TO THE COVENANTS HEREINAFTER SET OUT THE MORTGAGEE AND MORTGAGORc; ~
COVENANT AND AGREE THAT: i
(1) The MORTGAGOR herein shall make wfthin 7 days of the due date, the p3yrnents La!:ed
for in ;he first mortgage now encumbering this property, to the h10RTGAGEE herein st
~ itS office or some other place as designated by the MORTGAGEE herein. .
(2) The IORTGAGOR herein shall pay within 30 Jaya of the due date al! pertinent charges for fire and;
vvindstcrm insurance, all ad volorem city and/or county taxes, any special improvement assessments sect any
other snsc~ci governmental assessments or charges.
(3) :f the MORTGAGOR herein do not make the pay-meets on the f ir8 C mortgage ,the firs and
~ ~iind~t;,rm insurance premiums and governmental taxes or special assessments as they come due, as well as
the payments called for in this mortgage deed, then the MORTGAGEE herein tan at itS
cptio~ make these payments, adding said payments made to the balance due hereunda-. If anyone or a!I of
t'tte aforesaid payments remain unpaid for a period of 7 days or more, then the MORTGAGEE can at
option, ~iithout further notice declare the balance due under this mortgage due and payable in full at once
and fcrthvvith place the matter in the kends of an attorney for collection or enforcement. In 11iis event a!I
co:ss incurred viill be chargeable to the balance due under this mortgage•
(4) The fd.ORTGAGOR herein shall not further encumber this property except by obtaining YJRITTEN per-
j mi~;ion of the ~J10RTGAGEE herein and .any attempt to do so without this written permission wilt ba null
f + and void.
~ (5) The MORTGAGOR herein will at the request of the MORTGAGEE herein, refinance the first mortgage
3 nevi encumbering this property at any time deemed dosiroblo by the MORTGAGEE herein. The pro-
ceeds of the said refinanring shall be applied against the unpaid balance due hereunder.
(G) The AAGf.TGAGOR herein will be at the request of the MORTGAGEE • herein acknowledge, in writing,
.the eri;tcnc~ of this mortgage and the amount still due thereon on a estoppel form provided for this p~r-
pose by the MORTGAGEE
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Failure on the part of the MORTGAGOR to comply with, perform, or abide by any of the agrc~,.~eras,
stipulations, conditions and covenants ea set forth abovQ in sections 1, 2, 3, 4, 5, 6, empowers ti,e !.40RT-
G:OGEE herein, ~t hi; optir~n, to declare the entire balance duo hereunder, to be due and payable at once
without notice. Failure of the MORTGAGEE herein to exercise this option at any times jot constitute a
viaiver cf the right to exercise this option at some later time. (;R G 7
~ ~ (8) ltrs fY:Ot:TGAGOR further agree that this mortgage ~onstit~~~tir~ c~ ra between the -par-
~ ties hereto, that they have read the provlti0ns of this mortgage and the note It secures and that they are a,rvarr
i ~ of their right to have their own attorney examine said morlgags together with IFt~ said note it secures arrf
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' ad'Iise them as to it.
~ l9) This is a 1SeQOn MORTGAGE.