HomeMy WebLinkAbout0947 . so, n;a Mon~aoo? wia na o•cmn a„y a+~ ae~,. ~o a n~~a Inq th~ Nld phmf~N Md M any woh i{MS aro fllt~ whMh~r paraRw„ni o? •uc,o~
dlnat~ to 1hM mort~~ MatqaQo? wIM haw a aus~ fo M had asld INM dNd?~rp~d Imm~di~tNy. .
p1. Morl~pN ~MII hwa tM ~ t to Cf?~r~ MOrt9sqa'a ~~o~unt w1tA MortqipN Ipr th~ Int~r~a! and p~inClpal pay~bN as ptovidsd in ths promb~ory ~
r+W~ a wch b~s~omq dw In ~ooo ti~anwlth
2~. M tM MoRpap~ nqwst~ Matpapa h~r~by oow~ants ~r?dap~~a 2i+~t Mort~rsr wlll fumish th~ MortqaQee annualN f~om th~ date ol fhe l
mo~t~a~ Inttrum~ntunissi~omeWAerdat~f~~prNdtobNwwntMputialnwritNq,~oKtM~WaudH~dtin~ncial~tat~montofthsMortQa~o? a~d~nrtua! ~
_ oompl~fa op~rattnq st~tsm~nu ot H t~t Mort9po+'s tlsc~l a calandsr y~ ihall nW coi~cids with tM dats Mnin ap~cHNd then ths dats whkh
tM Mortp~~re ~h~ll ~psciy ~h~fl 6~N
c~~np. MortQ~qor shail supply Mottqaps~ with wch otMt Nnant~.i~l tt~t~m~nts ~s Matp~~s may trom ilme to ttme ~
h4ustt
23. It N apre~d that rwthinq her~Nn oa?taiMd nor ~ny tran=ictbn ~~lated thersto shalt bs conilru~d or w op~r~te a to requlrs ~h~ Mort~qa t~
~y
Mtsre=t at a at~ ~ster than tt M now lawfa! In wch caa~ to conln~ct fa. a to malu? any p~ym~+N o? to dpany act oontnry to taw, ~t M any da
provlsbna henln oontal~~d op~ni~ or wouW prMp~ctlw1y opsnt~ to IrnsHdat~ thb Mortaa0~ or sald Note M whots a tn p~rt, then such ctauses and
provisbns onN a1+a11 bs h~fdtw nauQh~ ~stAouSh nat herNn cont~i~~d, and the remak~d~rof tfNs MortpaQsah~ll romaln opentiw and infullforc~ and effeCt,
24. if ail or any put d the ~nortpapW prop~+ty ihaN M di~maQed or takM throuph condemnation (wAk:h term whsn usad !n lhis matpps ah~q In~ ~
duds a~r dama~ or takirpby arry povsmm~Ma! ~uthaity. and ~nY tn~+si~r by ~t~ sale i~ Nsu theno~. slthsr t~mp~ar~N a permanentN. tha entiro ~n,
d~btedness secured henby ~ha~ at tM optlon d th~ Mlo,pp~ b~come im~iiy due and p~y~bls. TM Mat~p~s s(?~N bs sntKled to alt compensatlon~
awa~da, and othN p~ym~nfs or nN:t tMtitor and ts h~r ~Dy author~ed at Its optloA, to c~omm~, ~pps~f in ~nd pro~ecuta In ita orm or ths Mort~aqo~s
name. ~ny satbn or proqsdinp rel~ti~p to any oondNnnNloR and to s~111~ or oompromis~ any clatm In conn~Ctlon /hKewith AN auch compsnsatbn,
~ward~ damMsa, datm~ ~Iphb o! actbn ~nd proaeds ub tM rqht tMrota ~r~ h~reby assqn~d by the Mort~apor to tho Mortpap~e~, who4 ~fter deductinfl
tMrekom al! lts ax~n~e~, IncfudMp ~ilom~y~ ha. msY ?+I~a an~? ma?I~s w nwhrsd bY n without atfsotMp tM Nen ot this narto
~w or may appy ths
~ sams lo such mann~r u ths Mo~ shsN dN~minr, to ths roduction d th~ wms wcuroa hsnb~r. Rnd to any Rnpayment charps her-
eln provWsc~ and any
twiar~cs of such moniea tMn nmaMi+q shall bs psld to th~ pR~a TM MortWippr aproas to exacuts such fuAher sssipnments ol any compsnaations,
~?ard~. dwmaye~ dahnl, ~iqhb of satfon and proceeds a
th~
etMortq~p~s m~y roquita
26. !n ihs event thls mortQps b juniot and Infsrior to aoy other mortqage and/or lie~ on the ~bove~described real properiy, and this mort~ e ~s 9iven
with tull knowled~s of wch tupeNor mo~t~age andJor lien, that sald supsrlor mort~a~s andJor lien witl be pald by Mat~por Ir~ aooordance wflh tha tsrms and
condittons theraof wFthout re~ rd to anyqnce ps?bd u contafned thereln and f4ilura to make sald peymentwill constRuts an automatk default in thfs moR•
•~Os and ths whols of sald {xinCipal sum sscursd hsreby ahs11 immsdi~tey bscome dus and p~ysble at the optlon at the Mortpa~ee. Addittonaty. the de(auft
M the pKformar~ce ot any ot the terms, pnovisione, oovenanb4 or aQ?ee~ne~ts ca?tained tn any aupeHor mortQsge and/or Iien. or the commencemeot of any
~Ctbn toforedoss any saW auperior mott~pe and/or IN~, shall consUtuta an automatb defauR in ihis mort~ye and thawhota ot aald p~incipal aum aecured
hereby ahall ~mmediatsly bscoms due and payabb at the optto~ oi ihe Mortpapea •
28. This mortqa~e sl~pll bs oonstrued as s security apreement u~dsr fhe Florida Unlform Comme~cial Coda. .
27. Othei provisbna
IN WITNESS WHEREOF, the MoRfla~or haa executed these presents under aeal the day and yesr first sbove writteR
THI818A8ALLOONMORT~~iAti~ANDTHBFINAL INC ALPAYMENTORTHEPRINCIPALBAUWCEDUEUPONMATURtTY18:_~~5~1
T~03ETHEFi WlTH ACCRUED INTE , AN ALL A~VANCE~1 E E MOpTQl1QEE UNDER THE TERM8 OF TN!
MORTCiAGE. `
?
(8eaq
~ lmer Kreiser eorrowe~
Q . , (Seaq
Blanche Kreiser 8orrower
iNDiVtDUAI ACK[ilOWLED~iEMENT
STATE OF FLORIAA ~ '
:as.
couNrroF ST. LUCIE ~
The foregoinQ inatturnent was acknowledged befwe me this 23rd day ot January~ ,
~b ~
t9 87 - by Elmer Kreise~ and Blanche Kreiser .~js ~
~ Y ..:'-`'~;<«s..,~
~uty Commiaaion expiroa r'~~~.~r~4~
xoT~a~r Pueuc. s~~ic oo ft.ot~~. - ..L;`-
~ . ,
~r cOMMisi~OM LXM~ MNi~"t0. 1~f0. : - ,
~oMaso ,e~w t~or~tr ww~ ~ NOTARY PUBLIC ~ Q; ~ ' ~ - : - -
_ r g ~ ' ~J;~-. ~ ,
, y,, ~ ~ ,
CORPORATE ACKNOWLEDOEMENT ~ ~a
STATE OF ~
~ : as
couknr oF - ti
The foreQoing inatrument was acknowled9ed betore me thfs day af ,
19_- - bY and ,
respectivey ' Preaident and Secretary ot
, a corporation, on behetf
ot ~aald corporatbn. ~
My Commisaion expir •
- ~ ~ ` ~o ~ ~ NOTARY PUBLIC
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