HomeMy WebLinkAbout0975 '7~~;c;~3~ 5 ,
SMART MONEYS~ EOUITY MOf~TGAGE ~
THIS MORTGAGE, Made this 12th day of ~Ufle . A D. 19 86 i
de~ween _Roger J. Wildfeuer and Kathleen A Wildfeu r~his wife, a/k/a KarhtPP~jMortgago~and
American Pioneer SAvingt R~nk w~~df ~ r. '
FIRST FIDELITY SAVINGS AND LOAN ASSOCIATION (Mortgagee).
WITNESSETH, ihat Morigagor, for and in consideration ot the premises and in order to secure the payment ot the pnnc~pal
and ~nterest on the agreement (as hereina(ter del4~e~!, ~Qr1Aa(7(1f f1P.fQ~y Qf$rljS, ass~gns, tra~sfers and mortgages to Mort- /
agee, ~ts succes~or~,~~d assiflns forever, the tollowing described real property i
° ~ounty, Flor'ida, to wit: ~ot 6, Block 74, Lakewood Park Unit 7, According to the Plat
thereof, recorded in Plat Book 11, Page i3, Public REcords of St. Lucie County, Florida.
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_ R~~d ~i In Payment Of Taxes
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- Due On C'ass Intan ;ib'e Personat Property,
~ J Pwsuant To ~hap ar i 1, 134, Acts ~f 1971.
~ _ ! ~~~0~ R~ER P~17RAS ~ i
~
~t~i,;;~.. Clerk Circuit Court, SL Luci~s, Cq~ ~
. i~-'ti~`"s,, ~ , -
86 ,~.~I 19 P 2:09 i
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x ~ ST. LUCIc i.i;u!~. r. FL, " DO~UMENTAi~Y .~TA/V_`,t T~1X
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~ here~natter referred to as the Mortgaged Property?; and the Mortgagor does hereby fuliy warrant the titie to Mortgaged Pro- ~
perty and w~ll defend the same aga+nst the lawful cla+ms of all persons whosaever.
PROVIDED ALWAYS, that if Roger J. and Kathleen A W1 ~dfeUCt^ , the Maketis) of that ceria~n.
{lnsert Name(s))
~F~(~fdEMXd~dL~(~X~X~H~`ixX1~jX~i~f ~(dG~(~~lE~(0(IXrYc~Kl4if1X~X -
dated -__.limP 1~~ lq$6 , their He~rs, legal representatives or ass~gns
shall pay.
to Mortgagee the pnnc~pal sum of $ 8,000_00************as evidenced by the Agreement, with interest and upon
~ne terms as prov~ded there~n, wh~ch Agreement prov~des that all installments oi princ~pal and interest are payable ai the office
of Mortgagee. or at such other place as the holder maydesignate ~n wril~ng, and ihat each maker and endorser agree to payal!
costs of collect~on. ~nclud~ng a reasonable attorneys fee, upon default in payment o( theAgreement, and that if default be made
~n the payment of any ~nstallment thereunder and that if such default is not macie good in accordance with the terms of the
Agreement. that the entire payment sum and accrued, earned interest shafl become due and payabtewithout nvt;c~ ?t the o~
t:on of the hoider thereof; and shall perform and comply w+th each and every stipulat~on, agreement and covenant of !he ~
a,greement and of th~s Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall re ~
ma~n ~n f ull force. Maker covenants to pay the interest and principal promptly when due. M ortgagor covenants to pay the taxes
and assessments on said property, to carry insurance against tire on the building on said land for not less than the full insurable F
value, approved by Morlgagee w~th standard mortgage loss clause payable to Mortgagee. the p~licy to be held by the Mort- ~
gagee and to'keep !he buitding on said land in proper repair. '
Th~ Mortgage shall secure nol onlyex~sting indebtedness, but also such future advances, whethersuch advartces areobli-
~atory or to be made at the opt~on of Mortgagee. or otherwise, as are made wrth~n twenty~20) years from the da!e hereot, to the ,
same extent as if such future advances were made on the date of the execuUon of this Mortgage, but such secured ~ndebted- .
~ess shall not exceed at any t~me the maximum principal amount of $ R,000 Ofl********~Ius interest, and disburse-
~ents made tor the payment ot taxes, tevies. or insurance, on the Mortgaged Property, with interest on such disbursements.
Any such future advances. whether obligatory or to be made at ihe option ot the Mortgagee, orotherw~se, may be made eiiher
~;r~or to or after the date ot the Agreement, or any other Agreement secured by this Mortgage. Alt covenants and agreements
conta~ned ~n th~s Mortgage shal! be appl~cable to all lurther advances ma~e by Mortgagee to Maker under th~s future advance
~;ause.
Should any ol !he above covenants be broken then the Ag~eement and all moneys secured hereby shall, w~thout demand. ~f
!he Mortgagee. so elect, at once become due and payable and this mortgage may be toreclosed, and all cosis and expenses
of collection and reasonable attorneys fees. including costs. expenses and reasonable attorneys fees on appeal, iicollected
~y legal praceedings or ihrough an attorney at law, shall be paid by the Maker, and the same are hereby secured.
IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as ot the date f~rst above set torth.
This is a balloon mortgage, and the final payment or the balance due upon maturity is
~.6,7~8.48 with aGCrued interest, if any,and all advancements made by the mortgagee under
S~gned. sealed and del~vered m cur presence thE? terms Of this mortgdge.
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a (Mortgago Rog J. Wi 1 feuer
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3a~~; STATE OF ~ ' tMorr9a9orl Kathleen A. Wildfeuer
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Z as'i ¢ COUNTY OF ~ )
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~ 3 I HEREBY CERTIFY, that on th~s day, before,t~e,-an officer duly au onzed ~n t e tate aforesa~d and ~n the
Co~~nty aforesa~d to take acknowledgement~~y~eTSo~uy appeared to me
z¢ (o known to be the person described ir~ and y~l~b exeCUi¢d Zhg foregoin in rumen ~a KA_t{~1~ren
ackr~vuledged b lore r~e th~~ ~p~
~ e cuted lhe same.
~ WITNESS my hand and official ~eal ~n~~ie E~unty d s(8~e last afo esaid this_ [L?~-
~ daY o : A.D., 19~.
t ~ ic 5•.-'IE CF'flGB~ ~_~y z,''.
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~My'Commission Exp~res:
&366 C~~
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