HomeMy WebLinkAbout2582 ~ ~ iozia3a
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rurn~n~i:
7tiL'i t~1C:~1L~: ("~~rtbr.?~;e) i~ biven un January 19 ~ ly 9G ~'11~ ur~rt~:.~ur i5
Thomas Milton Putnam and Pa[ricia A. Phillips-Putnam, His Wife
("~brt~.~ur").
11u5 Mnrt le is givui to FIltSP C1TL'!~ F1~:llt1:AL 5AVliv~ AND U:k'1iv A~SU(:I~i'10t~ ('T~rC~;~;t~'), wlrao~ acidr~:ss i~
1t~ Sout~~c~ra1 Hi~tn~y, For[ Yierc~, rlurid~.
hk~rt~~or aa~ rf~rtg~~ tt~ principal su~n oI
Thirteen thousand six hundred and NO/ 100------------------'--"""~"-"""'--------~0~~
(U.S. $ 13,b0U.0U
'ilus debt is evid~~d by @brt~~ur'S ~iute datcai tlY; s~acn. c1~tu c~ U?i~ ~brt~;~y~;~ ("~t~'), wt?ich proviJ~s for monthly
~~ayments, wi[h tf~ full debt, if nc~C N.u~ ~rli~r, auc ~~cl E~yable ~i February 15 ~ 1995 •
ltus ~brtga~e secures to ~brt *at;ee: (a) tt~e repayn~nt of t1~ ~lebt tvidu~ceci by tl~e Pkit~, with interest, a~ all
rux~ls, extensions a~t~ ~icatiu~; (b~ tt~e payment of 311 otikr suns, with interest, adv~uu~.'d to pc~otect t!x
kcurity of tt~is ~br[~~e; ~uYl (c) the ~~er octu~u~ce of rbrtgc~;ur's cuvE:n~nts ~vtii :.~r.~nts wxier ttus Mortg~e
z~,Yi Ctie Note. ~'or this~
w~e, ~brtb~or does ttireby ~uortb:~;e, ~;rant :u~d convey to ~brC~aZ;c.~ ttx~ followin~
~escribaci pruE~erty locati~cl ~ri St. Lucie ~1ty, l~lurid<i:
Lot Block 56, SOUTH PORT ST. LUCIE
UNIT FIVE, according to the plat thereof
as recorded in Plat Book 14, Pages 12,
12A through 12G of the Public Records of
St. Lucie County, Florida. ?
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' ~C- ~ ; ~I~ON
• ~ St. :•~ty
. :':1~ : ~..aC_11_Y__;Clerk r~ .~~t Couc2
. ST~~TE oF~ FLOR(UA ~ ;,~t ~i~t~ s,-;2 7~ By C-r~
~ o~c.1~E~t~a~Y . STAM ; a y !
' d~-:
` QC~' 'ic wcVEN;tF y ~ a~• ~@ Ut Clerk
r~~ a py
_ ~q =.lAMZS'~~ u'~ 4 U ` 'rot3~
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I; MUt''~i~E10pB OOVr:[vANTS tlia[ Mortgagor is lawfully 'SC~iscxi af ttx~ es[ate ?Y.reby axlveyc~ aiYi ha5 tt~ ri~;ht tu
' lrnrtgage, gra~it a~ convey tYrr Prope~ty ~xl ttiat the Property is ur~r.~mber~d, exc~pc tor enc~nbrar~ces :uYi
~ ~~.ScxUents of record. Abrtga,gor w~rrants ~uid will defenf ~enc.rally tt~e titlc to tt~r~ Proptrty against all claurb
~ .utii dcm3rds, subject to any enc~bracic~, and e.~n:nts uf recard.
i ~'~IE~OKM flONF.blr~tiS. t~brtgagoc and rbrtga,~ee cnver~~t a~cl ~ree as follows:
1. p~yu~ent ot Principal end Inter~st; Pre~?~ynknt ard l:lt~ Ukir~;~~:. tbrt~;~;or 51u11 pruuy~tly ~~y wi~u~ di~
i tl~e princi~l ot a~Yl in[~r~st ex? tl~ r1c:Ut ~vid~?x'~! by tlr~ Nute.
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2. Charges; Lien~. Mort~agoX stial.l pay all tax~es, as~:s~nts, cl~r~~, fir~s and u~ositiatis attributable
cu c4~ Property whicti may attain priority over this l~rtg~e.
3. Protection of ~
brtg~c~ s Ri~hts in [t~e Property. if Mnrtg~or fails to perfonn the cover~ants ard abrc~.y
~ i:,~nts contained in this Mortga~e, or tt~re is a lc~al proce~xii~ ttti,t ~wy si~iuEic.antly affec[ I~brt~a~c~ s rights
in the Property (such as a proceeding in bacilvuptcy, prub~[e, for ca~damation or to enforrx ].aws o re~,Jula[iorLS),
~t~:n Mortb.~~,~~c~ ¢~y du anl pay for wibtever i5 r~~cessacy to protc~ t tlk. value of the Proµ~rty aiti "Y~ctba~;ee's
~ ri~hts in the Pro~rty.
4. Conclamnation. In the even[ ot a total t~lc.ing of tl~e Property, tl~e proce~ds stkzll be applied to tt~e s~ms
xcured by this Mortga~e, wt~tf~r or rot tt~n due, with any excess paid to M~rt~a~or. L~ tt~ event of a partial
c:~kir~ oF ttre Property, unless hbrt~agor and tbrt~a~~ o~t~ecwi.se agrc~ in writi~, tt~e swe secured by this
~furt~;age stial.l be reduc~ by the ~nxuit oE tt~ proc~~.ls uultiplied by tlk fallowic~ fraction: (a) [tre Cotal
~~rxant of the s~ securdd imnd~.ately before ti~ takir~, ciivicic~d by (b) the fair u~rlcet value ot tt~e Pr.operty
iuir~edi.ately befuce the takin~;. Any baL~~ce st~ll be ~azd to Mc~rtga~or.
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5. Nbrtgagor Not Releasc,d; Forbearacr~ by tybrtga~;ee Not a tti;iiver. Exte~tsion of tt~e tL~ for payn~nt or
;.uiification of a~rortization of the s~ securecl by this i~brt abe ranted by i~rt ~agee to ~~y succ~ssor in
~ interest of Mortgagor shall not operate to relr.~c: tt~ liabil~ty o~ thr~ urigutial ~rt~a~oc or rbrt ~;or's
` ~:~ccessors in interest. Any torbeara?x:e by hlur[~~ee in exerci~u~ ~u~y right or remaciy shall not ~ a~iver of
t ur pr~lude thi: exercise of any ri~liC oc r~~iy.
' 6. Successor5 and Assi~ ~iound; Joint aiti Se~veral Liability; Co-si~r~ers. The cove~lants and ~t~~nc~ts of
~ ;.tus M~rt~age sl~all bi~Yi ar+d bet~efit ttx~ succ~asors artii a~ib~u of Nbrt~;~;ee :~rd ht~rt~agor. rbr[~abor's cr~v~ts
~ ,Ld a~r~n.nts sltiall be joint anci several.
~ 7. Notices. Any rotic,e provide~i foc in tt~is M~rt~ebe 5hali be givet~ by ci~liverint; ic or by ~n3ilie~ it by
~ iirst class mail unless applicable law requires ?~e oF ~ux~tt~er m~thod. 1tti. rotice sh~ill b~ ,lirect~l W tkx
~rupe~rty Addrrss or any othec ~:idress ~brt~~~or desibmates by rotice [a hbrtb~re.
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