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Fx~ui~l rhn 2nd ~°y °~ February A. n. t~l .6r
ALBERT NEMETH and PATRICIA NEMETH~ his wife
he-eino(ler calletl Ihe mo~l~aflo~, fo
OSCAR T. MAIN and MILDRED L. MAIN, his wife
hernina~ler called the morlgagee:
IN'herevtr uxd herein t6e urms "murt~ator" asd •'mwtRa~e•• iarlude aU iAt putia to t6u iatw~t~t asd t~e ~ein.
le~al rtpra~+enuti~n and aui{~ m o( iodir~duab. aed t-e wcca~us and wiRws o( eapwa~iors: a~d t-e uti "wte"
inrlude~ aq tbe wus Aeni~ desrribed 'e( swre t6ae one.) .
~~~Q~Q~~ that ~or good and i~ulua6le c~onsitleralions, and also in coruidemlion. o~ the aggre-
gale sum named in Ihp promissury note o{ even date herewith. {~erc~inaf ter tlescri6ed. 16e mortgogor here-
hy graals. ~a-gains, se~~s, a~iens, r¢mises, conueys anc~ con(irms unlo the mortgagee a~~ t~e cerlain jnnt~
o~ which the mortga~or is now seized and in possession siluule i~t . Lueie Counly,
1'~orida, vlz:
Lot 5, 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 he~eby 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 *~iortgagee
' shall have the right-to increase the interest rate payable
; hereunder.to a rate not to exceed 1% less than the rate then
i 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
~ 17o 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
y interest in'a11 furnishings, fixtures, appliances and effects
, located in, on or about, the above described property together
i with additions and replacements thereto, and this Mortgage
! shall be deemed to be a Security Agreement for the_purpose
; of gxanting and perfecting such security interest.
~ This is a purchase money second mortgage.
! ~ '
~ In thP event payments on, and prepayments of, principal exceed 29~ during
' any one 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 whicfi the sum of prepayments made
I in any such year exceeds 20% of the original principal arraunt of the obligation;
and (b) during the fourth and fifth years 3~ 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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