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Execueed ehe 20th day of October A. D. t9 80 by
JAMES S. HEBB and BONNIE LEE HEBB, his wife,
hereinafter called the mortgagor, to
FLORIDA BANK AT FORT PIERCE
hereinafter called the mortgagee: .
(Whererer arcd bereis the terms "mort~a[ar" aad "mortp[ee" iachade aU the parties to this iaurusseat aad tie Heins
sepal represeaatives aad ari~d of isdrvldaab, aad the wcYes.rs aad arises d corporuiom; asd the term "sore'
iacl~des ap tie votes hereia described if mare theses oae.?-
-that for good and valuable considerations, and also in consideration of the aggre- I
gate sum named in the promissory note of even date herewith, hereinafter described, the mortgagor here-
by grants, bargains. sells, aliens, remises, conveys and confirms unto the mortgagee all the certain land
of which the mortgagor is now seized and in possession situate in Saint Lucie County, -
Floridn, viz:
Lot 4, Block 62, INDIAN RIVER ESTATES
f - UNIT EIGHT, according to the plat thereof,
recorded in Plat Book 10, Page 73, of the
Public Records of Saint--Lucie County,
Florida
THIS IS A SECOND MORTGAGE.
A failure by the Mortgagors to make payments due upon the
first Mortgage shall be deemed a default of the Note secured
hereby and of this Mortgage. Mortgagee, if it so: elects,
may-pay any and all payments, charges, interest, late charges
and other fees which may accrue upon any default of the first ~
Mortgage, and such amount so paid shall be secured by this
Mortgage, and repaid with interest at .the rate specified in
- the Note secured hereby by the Mortgagor within fifteen (15)
days after receipt of written notice of such payment.
j The Mortgagors further agree to pay all tax, assessments, and
j - utilities--that may be levied and assessed against the - f
~ pxoperty 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 utili-
ties, then the Mortgagee, if it so elects, may pay the same,
and the amount so paid shall be secured by this Mortgage, and
repaid 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. - .
Any transfer by sale,-gift, devise, operation of law,
or otherwise of the fee title interest in all or any
portion of the mortgaged premises shall--have tKe same
consequences as an event of default respecting the
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,
have the right to declare al.l sums secured hereby immedi-
ately due and payable, and upon failure by Mortgagee to
~ make such payment within thirty (30) days of wiitten
damand therefor, Mortgagee shall have the right to ex-
ercise all remedies provided in the Note, this Mortgage,
~ or as may be available at law. ~
Recsivea s 4 8'O In Peyitlstlt of Tazt
9 ~ Dus On Class "C" IntanpiblePerwnstorop+rtyr
- pursuant To Ct?eptsr 71, 134, Act1 O~'s~~. ~
ROGER POITRAS
- _ i.1erS CirCUit COUR, St. l.,ucis, CO., Fb.
- Uf?` r~t.Y Ef1U! ':'i` - Ifs
. _Y_ ~ g~x341 ~~E 606
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