HomeMy WebLinkAbout2471 MOtiGAO! OEfO 4~3U2U'7 CATRTOtiONEYf McCtAvIN
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Executed the 14th day of March A. D: 1980 by
JOSEPH PUPPARO and EDITH M. PUPPARO, his wife,
hereinafter called the mortgagor, to
LOGAN W. BRUBAKER
hereinafter failed the mortgagee:
(Wherever used henia the terms "mortaa~or" and "mortRasee" include all the puties to thn INlrumeOt and the 6ein,
letsal npresenutives and assittm of individuals, and the wccevson aad assi~as of corporation; and the term "sole"
inrl`udea all the notes herein drscrihed it more than one.)
~Ittl~SStbl, (hat for good and valuable eonsiderntiorts, and also in consideration of the aggre-
gate sum named in the promissory note of even date herewith, hereinafter described, the mortgagor ltere-
6y grants, bargains, sells, aliens, remises, conveys and confirms unto Ilte mortgagee all cite certain land
of wlricli the mortgagor is noun Seized and in possession situate in Saint Lucie County,
Florida, viz:
Lot 3, Block 433, Port St. Lucie, Section three, According
to the Plat thereof as recorded in Plat Book 12, Page 13,
of the Public Records of St. Lucie County, Florida.
The Mortgagors further agree to pay all tax, assessments, and
utilities that may be livied 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
I amount so paid 'shall be secured by this Mortgage, and re-
paid, after the receipt by the Mortgagor by written notice
~ thereof. Failure to make such payments shall be deemed a
default of the Note secured hereby~in this Mortgage.
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Any transfer by sale, gift, devise, operation of law,
!i or otherwise of the fee title interest in all or any !
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portion of the mortgaged premises shall have the same
~ consequences as an event of default respecting the r
indebtedness secured hereby, and upon such transfer,
Mortgagee, without prior notice or the lapse of any period
of grace, or the right to cure, shall, at its option,
~ j have the right to declare all sums secured hereby immedi-
k ' ately due and payable, and upon failure by Mortgagee to
g i make such payment within thirty (30) days of written
damand therefor, Mortgagee shall have the right to
Q ~ exercise all remedies provided in the Note, this Mortgage, j
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or as may be available at law.
IN rllril'ctlT Qf TAXf= ~
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