The URL can be used to link to this page

Home My WebLink About1039• J . ~ ~ ~~ YORTOAO[ DHEO Re,record to shc~r corrected montRly install~g ~~ F011M Rt6 ' lOMO -OAY ~~~ent due under promissory note secured here~fiy , Jr ~' ~ . ~ 1a~ ~ I D / `! ~ pe ~! s1 , ~. ~~ i~ -:r~-„i~l ~I~f. 2nd day oJ February A. n. ~9 81 6y ~~( ~L~€R; tiE'-•~Th r~~iu FATRI~IA ~iEi~TH ~ nis wize I i, ~IP7PIIIQ~I~r c•a~~et~ t~~e mortgagor. lo OSCAR T. MAIN and riILDRED L, MAIN, his wife ~~ereina(tNr calli~d I~u~ morfryat~~~: (Wher~.er uwd herein tlk tervu "murtKaRor" ae~ "auK~~atn" ~nclude all ~he pu~ies ~o tAu IINIfYmtAl sod t4e Aein. le[al repreunu~iats and a~uKns n( indi~iduals. and tAe w~c~.uKi aud as~i[as u( caporatiom: and tAt term •.wte•• ~~rludn all tht nutn lK~eia de+cribed il mcKe tRan une.l ~itnesseth~ t{ial ~or go«1 Afl(1 i~nlua~~lP ronsi~leratior~s, and also in consideration of the aggre- ~~afr sum namP~l in Ihp promissory no1P o~ ~n~n dale I~ereu~itle, her~•inafter clescri6ed, the mortgagor here- of ivhicl S Ihe mortc~a~~ort`is now'sPiz l~and int'po se sion sit ~ate s'Rinto e{ee mort apre all lleP certaCountp, St. ~ucie ~'~ori~~a. viz_ Lot 3, MAIN SUBDIVISION, according to the plat thereof on file in Plat Book 14, Page 30, Public Records of St. Lucie County, Florida. il 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 riortgagee, 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 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 t~iortgagee 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. '~`wIn the event payments on and prepayments of, principal exceed 29% during '~ ~~~'any given year of the first five years of the obligation secured hereby, I ~`~ then a re a ment enalt shall be a able as follows: I P P Y P Y P Y (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 20X 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 ' ~i amount of such obligation. ' '~ / ~.i ~ ~'. ~ ~ 0, to D~tn Pa~r~~ent ':~F ~ a:e, FSPCPt•:n~ y _-_-- C~:p C`~, . t~.~: "".'" !n~anQible Pers~na; ~~ot.°<<•i p,~,~.,r ,: r~; i,h~;,:et 7i. 134. ACiS nt'97t, ~OGER POfTP.AS ~~ .-la•. •'Irr~. . ,D..: . j1. ~.UCi°.~.,L'. ~;~. ~ ~ •. f ~ ~i. . , _ ~ ~ Re-t;ec~~ E;1t1(~~~ F~6't~ 1D~ ar~ 3vU a~t;E 1v~J