HomeMy WebLinkAbout2790_.' 1' _' . _.. _ _. _.. _. . _. "'
rpATOAO[ Dt[O
LON~ /O~M
,,
1
5~~~
PS`" `~'~~'~..-
RAMCO FOIIM R[•
~ /
/ f
F:.rpcuted fli~ 2IId
~ar o! February A. D. iqgl 6y
ALBERT NEMETH and PATRICIA NEMETN ~ his wife
{~e-elnaJter called ~he morlga~or, lo
OSCAR T, MAIN and MILDRED L. MAIN, his wife
{~ereinajler calle~I iF~e morl{~a~i~e:
(N[ ., u,ed berei~ tAe teraa "morcRa~w ' asd "aortRasre" isrlude all tAe putiea to tlw iestrr~e~t asd tie -ein,
~ le~al rep~exnutives aod ausi m o( i~diriduah. asd tAt w~re~vws and ariRn ot corporatio~~: a~d t-e un~ ••wte••
iacludn al) ~Ae sotea 6ertiw ~rihed iI more t6aw oae.)
~~~~Q~~ Ihat Jor good and naluable considerafions, and also in constderution o/ tl~e aggre-
~ate sum namec~ in Ihe promissory ~ofe of euen ~ale herewith. hereinajter c~escribec~, !{~e morfgagor here-
~ tiy granls, bar{~ains, se~~s, a~iens, remises, conueys an~ confi-ms unio Ihe mortgagee a~~ Ihe certain ~anc~
~ o/ u~l~ich 1he mortgaflor is now seized cend in possession sifuafe in St . Lucie Co~~~
1'~oricrn, viz:
! Lot 2, MAIN SUBDIVISION, according to the plat thereof
, on file in Plat Book 14, Page 30, Public Records of
~ St: Lucie County, Florida.
~In the event a transfer of the property secured hereby, whether
by sale, gift, devise or otherwise the obligation secured
hereby shall be due and payable in full unless the transfer
is approved in writing by the Mortgagee, which approval
icannot be unreasonably withheld and the Mortgagee shall have the
~right to increase the interest rate payable hereunder to a
~rate not to exceed 1% less than the rate then being paid on
:"money market certificates" by First Federal Savings &~Loan
'Association of Fort Pierce or Citizens Federal Savings &
'Loan Association of St. Lucie County, provided, however, -
{that such interest rate increase shall not exceed 1% during
~the first two years of the obligation secured hereby and
`shall not exceed 2~% during the first five years of the
;obligation secured hereby.
!Mortgagor further grants to Mortgagee hereunder a security .
!interest in all furnishings, fixtures, appliances and effects
ilocated in, on or about, the above described property together
'with additions and replacements thereto, and this Mortgage
`shall be deemed to be a Security Agreement for the purpose
~of granting and perfecting such security interest.
rThis is a purchase money first mortgage.
i -
` In the event payments on, and prepayments of, principal exceed 29~ during
~ any one gi ven year of the fi rst fi ve years of the obli gati on secured hereby,
then a prepayment penalty shall be payable as follows: (aj during each of the
first three years, 3.0% of the amount by which the sum of prepayments made
i in any such year exceeds 20~ of the original principal amount of the obligation;
~ and (b) during the fourth and fifth uears 3.0~ of the amount by which the sum of
~ prepayments made in any such year exceeds 20% of the original prindipal amount
of the obligatipn. .
0
~0-
- --. . -• r - . . ~ ~ . i
Receive~' S -- ~ `---, - • -- ~•' °~ :,-•~ ~,t 'lr ?r.,•Af
Oue On l;i > . . _ . . . .. . =•tY
p,~~~ ,-. ,e f•, -- .,~~~
' : :: .
~"IF,~ rtrCtl~1 `.OL(' ,. . ,"J Glh.
- , ~
,.~}~~'..'+ ~ .. -
. . . , , ~' : . . ~. . ~
" t'' . ~ l _ . ~ . , ' -. i' • ~ ~ ~. U V +
_ ...~_ 1
~
~- _
.. _3^.v~~ti:A3a~c.~.....7-^x-.._. - . ,- _....,.
60Q (•~`#~ PaUE~~•~
`_'^' ~F ~. _._. _M hC".<,+~~ '