HomeMy WebLinkAbout0117 MGRiGAGE D[EO 01EW'S FO~A1 t. E. ]S Monufo~furod ond lor ~ale bY iAa H. A W. 6. Dr~r Coeepanr
~O COlWRAiIOk FROM INDIVIDUAI . lactien~lll~, Flo~idc
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F;..~~-~~~~d tf~E. 30t.h ~ay o~ December A. ~9 ~'S by
Valerfe V. :3arris and Franklin A. Harris, h~r hu~band
~~er~ina~ler ~allecl I{~e morlgaflor, to Harr~s Construetion Corporation
n corpornlion existin~ unt~er f~ie ~aws oj the Stat~ of Flor~da , wifh its permanent posto~`ice
ndd~ps~ nt Room 106 Axcade Building, Fort pierce, F~orida .
I~rrei~?a~ter cnllec~ t{ie mortflagee:
(Wherecer used hertin tTe terms "mortgigor" and "mortgagee" iadude all the 9artia to thu instrumrnt and t~t hein,
lcgsl rcprexnutive-s and assi ns o( iodividutl~, and tht successon and assigns of corpontions; and the urm "note"
includes all tAe note~ h~rtin ~scribed i( more tlun one.) •
~~tne~seill~ that ~or flood and val«able considerations, and also in considernliori o( t1~e apgre-
gnte sum namecl in the promissory nole of even date ~~erewitFi, hereina~ter clescribed, lFie mortgugor here-
by ~ranls, bnrf~ains, sells, aliens, remises, conveys and con(irms unto the mortgagee nll the certain land
o~ w~iic{i tEie mort~n~or is now seize~~ anc~ in possession situafe in St, Lueie County,
~'~oric~a. niz:
Lot 10, Block 2, ~outhern Pines Subdivisi.on as per
plat thereof on record in plat book 9 page 68 of
~ the public records of St. Lucie County, FYorida
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RECFIVED ~ IN PZyµENT OF 7~XES
QUE 4N CLASi •C' !NT+1~:t:~1 r Ff.RSnN.ql pROFERTY,
FURSt1A~T FO: ~t:..Fi F.;2:'~'.?.;, p~:l~ CF 1941.
ROG~R POt?.' ` C'i°rk .~ir-~~;i C;_urt
as Ac~er.t fcr 1t_','.-~
' St. ltxie ~ ~ ' ~ 7r: ;c ~ c`::
By C7~t,~!-!/
OEPUTY CI.EK~'(
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} THE MORTGAGOR COVENANTS AND AGREES THAT:
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~ (1) The ~V~ORTGAGOR herein shall make the payment s, called for in the lst', mortgage ;
now encumbering lhis property, to the MORTGAGEE herein, which paymentS the MORTGAGEE here- ;
~ in shall in turn deliver to the owner of the said l8t mortgage .
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(2) If the MORTGAGOR herein does not make the scheduled payments as they come due under the afore-
said lst morfinage , then the MORTAGEE here at i~8option, can make the said delin-
~ quent paymsnfi S, adding said payment s made to the balan:e due ~nder this mortgage deed. In
~ the event that the ~,AORTGAGOR herein does not make the scheduled payments as they become due
under the aforesaid 1St , mortgage , then at the option of the MORTGAGEE
i herein, the entire balance due hereunder can be de~lared due and payable in full on demand by the
~ said MORTGAGEE herein.
(3} The A~ORTGAGOR herein shall not furttier encumber this property, except by obtaining the permission
of the MORTGAGEE herein.
(4) The MORTGAGOR hersin will at the request of the MORTGAGEE herein, refinance the first mortgage
no~v encumbering this property at any time deemed desirable by the MORTGAGEE herein. The pro-
ceeds of said refina:uing 1o be applied against the unpaid balance due hereunder.
(5) The. A40RTGAGOR herein will at the request of ihe MORTGAGEE herein acknowledge this mortgage
and the amount still due at the time of the request on a form provided for this purpose by the MORT-
GAGEE.
(6) Failure on the part of the MORTGAGOR to comply with, perforrn, or ao'sde by any of the agreements,
stipulations, conditions and covenants as set forth above in sections 1, 2, 3, 4 and 5, empowers the
I'JIORTGAGEE herein, st his option, to de~lare the entire balance due hereunder to bs due and payable
at once. F~ilure of th~ MORTGAGEE herein, to exercise this option at any time shall not constitute a
~va~ver of the right to exercise this option at some later time.
I~ the event of foreclosure of this mortgage deed, the MORTGAGC)R will be held liable only to th~ ex-
tent of th~ propsrty en:~mbe: ed by thi; mortgage deed. ~
(8) THIS IS A seCOnd MORTGAGE DcED. EGOK ~~v ~
(9) . . . _
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