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lOn~ /O~M RAMCO I011M I~t•
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-iXPfl/IMI II~~ 2nd day oj February A. D. io 81 6y
ALBERT NEMETN and PATRICIA NEMETH, his wife
OSCAR T. MAIN and MILDRED L. ~fAIN~ his wife
lHhrnve~ used he~cin tAe terau "ma~ra~o~ and "mortRasee" ieclude aL ~Ae putiea a t-is iw-trusewt a~d t~e ~ein.
k[al rcpre+enuti~es aed a-uRaa of iedividuals and tAe w~ce~+on and ari~m o( caporatiod: a~d tAe ur~ ••~o~e••
include+ all tl~e autes Aneiw de+C~iGed il more tAas uee.)
hereina(ter c-aUed fl~e mo-tAagor, !o
~iereinafl~r ca~~e~ Ihe morf{~age~:
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, ~~~~e~~ that ~o~ good arid valua6le rnnsidernlions, and also tn considerolion o% the aggre-
~ c~ate sum nome~ in fhe . promissory note o~ even dale hereu~tlh, he~einaJier tlescrlbed, I~e morlgagor here-
' 6y g-anls, ba-{~ains, sells, aliens, remises, conueys and con~irms unto 16e moN agee all fhe ce-lain land
~ o/ ~ht~h ~hp morfganor is now seized anc~ in possession sifunfe in St .~ueie Co~~. .
~ F[o.ida. viz: ~
~ Lot 3, MAIN.SUBDIVISION, according to the plat thereof
~ on file in Plat Book 14 ~age 30, Public Records of
j St. Lucie County~ Florida,
I In the event a transfer of the property secured hereby,
~ whether by sale, gift, devise or o,therwise the obligation
; secured hereby shall be due and payable in full unless the
( transfer is approved in writing by the Mortgagee, which
~ approval cannot 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 certif icates" by First Federal
I 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
located 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.
This is a purchase money second mortgage.
'~~In the event payments on and prepayments of, principal exceed 29% during
any given year of the first five years of the obligation secured hereby,
~ then a prepayment penalty shall be payable as follows: (a) during each of the
first three years, 3.0% of the amount by which the sum of prepayments made
in any~such year exceeds 20~ of the original principal amount of the obligation;
and (b) during the fourth and fifth years 3.0~ of the amount by which the sum
of prepayments made in any such year exceeds 20% of the original principal
amount of such obligation.
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Re!ee~v~S 3~Q ~• ~~ In Qa~ment Ut TaxeF
Oue Cn ~.i':.~ "r" tntangiblePersona~pro;~~•t1r:
vur~ua-~t to Chap:er 71, 134. Act4 Ot'4~1,
ROGER POfTRAS ~T
: ~~.,s •"~rcu~: ;o~::, St. Luc~e, Co.. Fl~.
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