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THIS INDENTURE ~9Ei'7s2 ~
Made this 15th day of August , A.D., 19 84
6ETWEEN Richard C. Ritchey and Mary Louise Ritchey, his wife,
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called the Mortgagor $ and Security Pacific Finance Corp.
called the Mortgagee , `
MITNESSETH, That the said Mortgagors ,for and in consideration of seventy six thousand
one hundred twenty eight d 11 rs and 10/100 X76 128.10)------------ t0 us
~n ~iand paid by sad Mortgagee, and other good and reliable
consideration, the receipt whereof is hereby acknowledged, being the principal
sum of a certain promissory note of even date herewith in the sum of eighty two thousand
nine hundred seventy seven doiiars and 36/100--------iwhich includes interest at an annual
percentage rate of,o961Payable in 1 consecutive monthly installments of ei hty wo
thousand nine hundred seventy seven 36/100-each, granted, bargained and sold to tie sad
Mortgagee ,its heirs and ass~gns forever, the following described land, situate,
lying and being in the County. of st. Lucie State of Florida to-wit:
The South 120 feetof the North 920 feet of Governalent Lot 4, and the
South 120 feet of the North 920 feet of the Southeast 1/4 of the
Northwest 1/4, all in Section 3, Township 34 South, Range 40 East,
lying and being~in St. Lucie County, Florida.
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I~a F.'__:.:?i TJ ........_71-~.d, :,a;. sir 1311.
:.~:3 P~17AS
CL:GK CIa:.UA C~J:~T. Si. LUaE CO., ~
ALSO KNOWN AS:
and the said tortgagors do hereby fully warrant the title to said land, and will
defend the same against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, That if said Mortgagors ~ their heirs, legal representa-
tives, or assigns shall:
1. Make all payments required by the note and this mortgage promptly
f when due.
~ 2. Pay all taxes, assessments, liens and encumbrances on that property
promptly when due. If they are not promptly paid, the Mortgagee may T
t pay them without waiving the option to foreclose, and such payments,
with interest thereon from the date of payment at the same annual
percentage rate as specified in the note, shall also be secured by
this mortgage.
3. Keep all buildings now or hereafter on that land insured against
damage by fire, windstorm and lightning in the sum secured by this
mortgage by'an insurer satisfactory to the Mortgagee ,the insurance
policy to be held by and payable to the Mortgagee If the Mortgagor
shall not do so, the Mortgagee may do so without waiving the option
to foreclose, and the cost thereof, with interest thereon from the
date of payment at the same annual percentage rate as specified in
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the note, ~„al ~ of ~o ~ ~e~lir eu by phi ~ iTartgag~. a ~ aiiy SiiiTi uCwmrS
payable under such policy, the Mortgagee may apply it to the~indebt-
edness secured by this mortgage, or may permit the Mortgagor to use
i it for other purposes, without impairing the lien of this mortgage. ~
4. Commit, permit, or suffer no waste, impairment, or deterioration of
the mortgaged property.
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