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HomeMy WebLinkAbout2900 1 • •l ' . ~o ~iaue and to ~totd the same, luyelher with the tenrmrv~ts. hen•ditun?ents and uppu?te names then•fo belonging, and the rents, issues and p?ojifs Ihe?euj, unto the mortgayee. in jPP simple. Iin~ Ibr morfyayor covenants u~illr fire morktagee Ihal the mortgagor is indefeasibly sNiuvl of said land in /re simply: that the mortgagor has good right and larvjul antha.ity to convey said fund as ajore- sairl: that Ihy mortgagor will make such further assurances to perfect the fee simple title to said land in the nro?tyayye as ma1• reasonably be required: that the mortgagor hereby jolly warrants the title to said land and will <hfend the same against the lawful claims of all persons whomsoever: and tha! said land is free ant char of all encumbrances The Mortgagor with the execution hereof covenants and agrees in Mortgagor's awn be- half of the heirs, assigns,. and devisees of the Mortgagor that upon said property being sold, assigned or transferred prior to the repayment of the loan on said pro- perty in full; the Mortgagee and/or the City of Ft. Pierce, Florida shall be entitled. to claim a lien against the property herein mortgaged for any amount of interest, costs or expenses paid by the City of Ft. Pierce for the benefit of the property herein involved; that any prepayment of the mortgage herein involved shall likewise entitle the Mortgagee and/or the City of Ft. Pierce for the reimbursement of any such interest and/or .costs advanced as aforesaid. The Mortgagee with the execution hereof covenants and agrees that upon default and payment by the City of Ft. Pierce of the amount of principal and interest then due and owing after a default that the Mortgagee will assign the herein involved note a~d mortgage without recourse to the City of Ft. Pierce, Florida. f l ~rou~ded always, that if said mortgagor shall pay unto soul mortgagee the certain promis- sory Hole hereinafter substantially copied or identified, to-wit: i ~t i t t I _ f I j f i f~ i I `i "s~~~'. { f I . . a e Boa 327 PacE 2898