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TEIIS INDF.NTURE,
THIS MORTGAGE, made this 18th day of JANUARY , A.D. ,
19 90 , between JOYCE L. GRIFFITH, unmarried
(Mortgagor) and RIVF.RSIDE NATIONAL BANK OF FLORIDA (Mortgagee);
WITNESSETH, that Mortgagor, for and in consideration of
the premises and in order to secure the payment of the princi.pal
and interest on the Contract (as hereinafter defined), Mortgagar
hereby grantc, assigns transfers and mortgages to Mortgagee, its
successors and assigns forever, the following described real
propcr.fiy in ST. LUCIE County, Florida to wit:
Lot 23, Block 1227, PORT ST. LUCIE SECTION EIGHT, according
to the plat thereof, as recorded in Plat Book 12, Pages 38,
38A through 38I, of the Public Records of St. Lucie County,
Florida.
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(hereinafter referred to as the Mortgaged Property); and the i
Mortgagor does hereby fully warrant the title to the Mortgaged
Property and will defend the same against the lawful claims of '
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all persons whomsoever.
PROVIDED ALWAYS, that i_f JOYCE L. GRIFFITH
; , the maker of that .
i her
~ certain contract dated the date hereof (the Contract)
' heirs, Iegal representatives or assigns shall pay to Mortgagee the
' principal sum of $ 17,958.92 as evidenced by the Contract, with
~ interest and upon the terms as provided therein, the final
` maturity date of the Contract and of this Mortgage being January 23
~ 2000 , k9 , which Contract provides that all installments af
principal and interest are payable at the office of Mortgagee, or
at sur.h other place as the holder may designate in writing, and
~ that each maker and endorser agree to pay all costs of collection,
~ including a reasonable attorney's f.ee, upon default in the payment
~ of the Contract, and that if default be made in the payment of
~ any installment hereunder and that if such default is not made
~ good in accordance with the terms of the Contract, that the entire
~ pri_ncipal sum and accrued, earned interest shall become due and
$ payable withaut notice at the option of the holder thereof; and
~ shall perform and comply with each and every ~tipulation,
~ agreement and covenant of the Contract and of this Mortgage, then
~ this mortgage and the estate hereby creatcd shall be void,
~ otherwise the same shall remain in full force. Maker covenants to
pay the interest and principal promptly when due. Mortgagor
covenants to pay the taxes and assessments on said property; to
keep the improvements now existi.r?g or hereafter erected on the
property insured against loss by fire, hazards included within
the term "extended c~verage", and such other hazards as Mortgagee
may require and in such amounts and for such periods as Mortgagee
may requirc, with a company approve_d by the Mortgagee, with
; standard mortgage loss clause payable to Mortgagee, the policy to
t~e held by the Mortgagee; and to keep the building on said land in
proper repair.
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