HomeMy WebLinkAbout1996 ~ ~ ~p(:~~R PUI~RAS, ClerK ~1~
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~ Kn~ow All li'~en b Z'hee~ Preaente, ~ . j
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~ T~iA'i', JOHN ~I. STItANGK ~nd ANt~S S. $TRANGB, hi.a~ Wife~, _ ..~.t„~'~,~'.~j~~
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~ oi St. Iuci~ County~ Ste,te oi Ftorida, hereinsfter called the mortgagor, which term aiid all praiauns ueeci
~ in eonneetian therewith~ ahall be conatrueci ta ii~elude tho singula~ and the plural, ti~e maeeulinu and tho teminine or the
neuter~ ana also the heiraj executora, aclminietratora, successore r~nc! aa9igna of Ll~g mo~'~agor, as the context may
rec~ui~e, do 1?ereby gr~nt, bargain, sell and couvey unto ATICO FINANClAI, CORPO~i~ION, a DelaWaxe
~ corporation~ authori~ed to transact business Flor~da, havin~ ita Hoaroe Office i.n
~ Mi~tmi, ~lorida~ hereinRfter called the n~ortgagee~ wbieh term, and all pronouna us~l in connection therewith,
~ sha11 t~e consiruetii to include tha eucces$or~$ acKi asaigna of the tnortgagee~ as tho context may require, the following
described real estate, with all buildinge and improvementa now or.hereafter erecteci thereon, situated in
ForC Pierce ,~n the Ca~nty of St. Iucie ap~lState of Florida, to wit:
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' Froan the intersection of the Bas~ Right-of~Way line of ~he F.EeC. Railt~ay
' S and the South line of the South 54ti ~eet of ths North 750 feet of Govern~nt
I.ot 4, Section 15, Townahip 35 South;~Range 40 BasC, St. Lucie County, Flori~da;
Run North~teaterly along the Righ~-of~Hay line a distance of 176.27 feet,~to .
. the point of beginning; thence contidue along s~id Ai.gh~-of-Way a distance
of 150 feet, thence run North 79~ 30~ $ast a distance of 198.6 feet to +a ~
point that is 400 feet du~ Sauth of ~he North l.ine of said GovernmenC Lot G,
~ thence run Sast parallel w3th eaid Nprth linz of Government Lot 4, a distaace
~ of 115 feet to the centexline of Sou,th Indian Biver Drive, theace coatinue
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~ Bast to the West Shore of the Indian~Aiver, thence run Southeasterl.y,along
~ said West Shore 155.U9 feet to a point,that i~ 150 feet due South of.the
North ].ine of this parcel, thence ru~ West para11e1 with the North 1in~ of
this parcel to the centerline of South Indian River Drive, thence eontinus ~
s' West I15 f~et, th~nce run South 80° '45 ~ b~lest a dietance of 196.2 feet to
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- the point of beginning. •
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The moYtgagor agrees to pay tothe moxtgagee on each~date upon yhich interest is
~ pay~ble, if required by the mortgagee, such~smount$ as ~he u~ortgagee may estimate
~ from tiu~e to , tiuee as necessary to create and =maintain a reaerve fund fran wtiich to
pay taxes and specia2 assessments befor~ sny`penalty attaches for nonpayment and •
premiums for such insurance as required here~n when due; tha~ payments from said
re~erve fund for said purposes may be made b~} the nior~gagee at its discretion; and
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~ that in tt~e re~undiug of money ~rom said res~rve fuad at any time, the mortgagee
may deal with t6e party or parties at that time represented to the mortgagee as ,
£ the owner or owners of said property. '
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t' together ~vith ali aud singular the easements, tenements, hereditaments, appurtenances and other rights and privileges
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thereunto belonging or in any wise now or hereafter appertaining, and the rents, issues and profits thereof; and e~lao
{ rill apparatu.e and fixtures now or herestter erected or glaced ~i ar upon said real estate or now or hereafter attsched
~ to or used in connection with said real est,ate, whether or not -the same have or would bec:ome part of eaid real estate "
~ by attachment thereto~ ineluding without in any wiee limitiag the generality of the foregaing, sll boil'eis, fumtices~
= heaters, stoves, ratig~, oil burners~ m~ntels, gas and electrio fight fixtures, refrigerating apporatus, ventilating or a3r
t conditioning syatem, elevators, sereens, screen doors, awning9,~btinde, tvindow shadea~ kitchen cabinets, floor coveringe, '
; lobby furnishings, gas and oil tan~a and equipment, pipes, drirea esnd plumbing, all of ~vhich shall be. considered as
~ annexed to and forming a part of the freehold hereby mortgaged. -
~ TO HAVE AND TO HOI~D the above-grant~i preaii~s with aIl s~id easements, teuementa, het~editaments,
~ appurtenances an~i u~i,c~ ~;~~Ls anc3 gz::•'s!°a~ t?her!~~nt.~ t~~c~gina or in unv wise now or heteafter appert.aining untu
g and to the use of the martgageee, its succesgors and assigns, fdi~ever.
THE MORTGAGOR, HEREBY COVENANTS with ;the mortgages thst the mortgagor is indefeasibly seised
of ths mortgaged premises in fee simp~e nnd has full power a~d lawful right to aell and convey the eazrie s~.afores~?id;
that the mortgaged premises are fre~ nnd elear of all liens an~l eneumbrances exeept as herein otherwise teeited; that
: the mortgagor wil) raiake anc~ execute »uch further a~urance .{o perfeet the fee aimple title to the mort~~ed preaniaea
in said morLgagee as may rea~onably be requirecl; and the mbltgagor doe~ hereby fully ~varrant the title to eaid mor~-_
~ ~ gaged premiaes, and every part thereof, und ill detend ttie same against the lawful claims and demands of all pereone.
AND THE 1iORTGAGOR HF.REBY CUVENAN~'S AND AGREE$: .
1. That thi~ martgage ie given to secure the perforni~nce and ubeervance of the covenants and.Agreciiaent$
herEin contained and the payment of the principal sum of ~~y ~OUSAND At~ID NO/100 :
~ ' ~ - ' ~ . , ' ~ _ ~ , Uollare
~ (i30,pQ4,pp ) with interest thereon according to the term~ of a certain promiaeory note of evea date herewitb~
~ executed and deliverec! by said ~ ~
; JOHN ~i. STRAt~GB a3nd S. STRAPlGB, his vf,,.~, -
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atid made payable to the orcler o[ ~xid ~zCO FINANGIAZ~~CORPO~ATIOri, at Missi~ Florid~t,=
~ or at'such other place or pltu:e.s s.g the mortgagee tnay feora time ta time d~ignate; prineipnl aad inte~et
, • to be paid.in irustaltments as specifie~#in said not~e, final payraeat of said"principul ~d tnterl~it,.
~ if not soaner macte; to be due and payable on the fir~t day of t: ~ Jauuary , 19 90 ~~~,~?t
~ r ceatum r annum while an defauit exists~tp the rnakin of an of eAid pe
ten Pe P~ Y 6 Y W?Yments or in t~e rform- .
aace or obeervanoe of sny covenant~~ condition or agreementi',in said note~ ~ in ~ay ir~truraent na~r ~ here~fter evi-
deaeing or eecuring the eame, and tAe holder ot said note ma~
sppiy psymenta raaeived oa ~?uy ~maunta due t~ader
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' c~r under the t,~rms ot any instrument now or hereafter evidericing or eecuriag said Aote~ es eatch holde- uu~y det~ermine; -
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