HomeMy WebLinkAbout0957 `~1Jt)~~ ~ t.
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. ~IVERSIDE NATIONAL BANK OF FLORIDA
221 t Okeer.hUbee Rd
Ft ~'~.•~r.. ~ nd. ~A~~t•i
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MORTGAGE ~t ~
THIS MORTGAGE, executed ihis . St11__ _February _ _ ~9__$8_ a~ 2211 Okeechobee._ Road~_ Fort
Pierce, Florida by _ OM~R H._ DAVIS, JR_, ,and DOLORES MENDENHALL__ DAVIS,_his wife
ol the hrst part, hereinalter catledlhe Mortyayor which tenn as used herein in every insta~ce shaU mclude the Mortgagor s heirs, executors, adminislrators,
successors, legal representatives and asslgns, i~cluding all subsequent grantees. eilher voluntary by act of the parties or involuntary byoperation o} law, and
shait denote the singular and/or p!u?al and the masculine and/or leminine, and natural and/or ariilicial persons, whenever a~d wherever the context so re-
qu~res or admits to RIVERSIDE NATIONAL 6ANK OF FIORIDA, a banking association, 01 the second part, hereinafter Called the Mortgagee, which
term as used herein in every inslance shatl inctude the Mortgagee's auccessors. Iegal representatives and assigns, inctuding all subsequent assignees, either
.~uiuntary by act of the parties or involunfary by operation of law •
WITNESSETH:
THAT for drvers good and valuable considerahons, and also to secure the payment of the ayyregale sum oi money named in the promisso.y note of
even date herewith, hereinatter mentioned. togethe. with intP~est thereon, and all other sums ot money secured hereby as hereinafter provided, the
P.~ortgagor does grant, bargain. sell. alien, remise, release. convey and conlfrm unto ihe Mortgagee, ~n tee simple.
IA1 the tollowing land:
Lot 19, Biock 120, LAKEWOOD PARK iJNIT TEN, aceording to the Plat thereof
as recorded in Plat Book 21, Page 29, of the Public Records of St. Lucie
County, Florida. G,`'
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C~erk 1 Cc~ri, Si. Lucie. Co., f~u '
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This mortgage is subordinate to that certain mortgage in favor or xiverside National Banic of Florida
dated March 10, 1987 and recorded in O.R. Book 534, Page 1600, of the Public Records of St. Lucie
County, Florida.
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;BI All buildings, struclures, and improvements ot eve:y nature ~vl~atsoever now or hereafter s~tuated on the said proAQ~ty, and aU furniture, furnishings, ~
fixtures, machinery, eq~iipment, inventory and materials on site. and personal property ot every nature whatsoever now or herea(ter owned by lhe Mort-
gagor and lacated i~, on, or used or intended to be used i~ co~nection wlth or with the operatio~ oi said property, buitd~ngs. structures or other improve-
ments, inctuding a11 extensions, additions, improvemenis, betterments, renewals and replacements to any of the foregoing, and all of ihe right, title and
~nterest ot the Mortgagor in any such persona~ property or tixtures sub~ecl to a conditio~al sales contract, chattel moRgage or similar lien or claim togelher
with the benefit of any deposits or paymen!s now or hereafter made by the Mortgagor or on its behalf.
Together with all and singular the tenemen4s, hereditaments, easements and appurtenanaes thereunto betanging, or in any wise appe~taining, and the
, rents, issues, and profits thereot, and also aU the estate. nght. title. ~nterest and alt ctaims and demands whalsoever, as welt in law as in equity, of said
t~loAgagor in and to the same, and every part and parcel thereol. and also spec~ficaNy but not by way oi IimitaGon all gas and electric fixtures, radiators.
heaters. water pumps. air condition:ng equipment, machine!y, boilers, ranges, elevalors and motors, bath tubs. sinks, water closets, water basins, pipes.
faucets, and other plumbing and heating t~xtures, mantels. retriyerat~ng plants and ice boxes, window screens. screen doors, venetian blinds, cornices, storm
shuttersandawnings,whicharenowormayhereafterpertafntoorbeusedwrth.inoronsa~dpremises,eventhoughtheybedetachedordetachable,areand
i shaN be deemed to be f,xfures and accessories to the treeho!d and a part of the rea~ty.
~ TO NAVE ANO TO HOLD the same. together with the tenemeMS, hered~taments and appurtenances thereunto belon ~n and the rents, issues and
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profits thereof, unto the said Mortgagee.
~ The said Mortgagor hereby covenants w~th the sa~d Mortgagee that the said Mortgagor is indefeas~bly seized with Ihe absolute and tee simple tiUe to
said property, and has tull powe~ and tawful author~ty to se1t. convey, transfer and mortgage the same: fhat it sha11 be Iawful at any time hereafter tor the
Mortgagee to peaceably and quietly ente? upon. have. hold and enjoy said property, and every part thereof; that said property is free and discharged from alt
I~ens, encumbrances and claims ot any kind. including taxes and assessments. except those that may be set out above or hereina(ter, that the Morigagor will
~ make at Mortgagors expense and at no expense fo Mortgagee such pther and further assurances to perfect the }ee simple title tosaid land,lixtures and per-
sonal property in the Mor!gagee as may hereafter be required: and that the Mortgagor hereby fully warrants uMO the Mo~tgagee the title to said property and
( w111 defend the same ayainst the lawful ctaims and demands ot a11 persons whomsoever.
NOW, THEREFORE, the cond~tions of this mortgage are such that it the Mortgagor shall well and truly pay unto the Mortgagee ihe
~ndebtedness evidenced by that certain promissory note of even date herewith, made by the Mortgagor and payable to the Mortgagee :n ihe
f SEVEN THOUSAND AND NO/100*************************** 7 000.00
pnncipal sum of (S`~ the final
i payment o( which is due on y
Februar 15, 199H , together with any note or notes hereaiter exeCUted by the Mortgagor
hereinby and i~ accordance with paragraph sixteen of this mortgage as here~nafter set lorih and secured by ihe lien of this mortgage, togetherwith interest as
therein stated, and shalt perform, complywith and abide by each and every the stipuiations, agreements, conditions and covenantscontained and set forth in
this mortgaye and ~n the promissory note secured hereby. then this mortgage and the estate hereby crealed shall cease and be null and void.
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AND. the Morigagor does hereby covenant and ayree: &el~~ j'r`
t To pe?fo?m, comply with and abide by each and every the st~putations, agreements. conditions and covenants contained and set torth in said
prom~ssory note or notes. this mortgage and. if appl~cable. the loan agreement between the Mortgagee and Mo?tgagor.
~ 2 To pay the indebtedness secured by this instrument and according to the Irue tenor and eftect of the promissory note hereinabove mentioned or
of any renewal thereot, promptly on the day or days the same severally become due
~ 3. To pay, before becoming delinquenk, all obligations, encumbrances. taxes, assessments, paving, sidewatlc, sanitary and other assessments, tevies
or t~ens, now or hereafter Ievied or imposed upon or agains! the mo?tgaged properiy, and to exhibit to the Mortgagee before such taxes, assessments.
liens and encumbrances become delinquent the oNicial receipts tor payment thereof, and i( the same or any part thereot be not paid betore becoming
delinquent, the Mortgagee may at any time pay the same with accrued interest artd charges. if any, without waiving or affecting Mortgagee's option to
foreclose this mortgage, or any right hereunder, and every payment so made shall bear interest from Ihe date thereot at the highest rate authorized by law
and all suCh payments with interest shalf be secured by the lien hereol.
S-MTG•17~Rev.12185? MO60-54-015 THIS INSTRUMENT PREPARE~ BY: Bowen, Riverside National Bank Of Florlda,
2211 akeechobee Road, Fort Pierce, Florida
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