HomeMy WebLinkAbout1656 t'E~'LtiD r. ~FTCt~/U T~.'
.~:is Instrumen[ Prep~red Ely: -
rauia Hoiiai~a ~UK i GA~t I U S~CU~E N01 t
, td Stone Credi[ Corporation of Fla. FLORIUA 1022484
.'?40 Palm Beach Lakes Blvd /~103
west Palm Beach, F1 33409 08400685
lTi1S MORTGAGE. n~ad• tnls 26th day ot JanucZrv . 19 90 , b~
Rohert T. Lu}:e 3txi Chervl D. Luke , his t~ife
o+ _2431 S_ '?'iltnn Rnac~ Pot"t St. L~ie. . Florlda, Mrolnafter callsd Mortgagors,
to Old S[one Credit Corpora[ion of Fla.
2240 Palm Beach Lakes Blvd #103, Wes[ Palm Beach, Fl har~inatter called tbrtgage~;
MITNESSETH: In cw+slderatla+ of ths prlnclpai sus s~t out In tl+~ pra~issory noto of w~n dets herorltA
narelnsft~r A~scrlb~C. end tar oih~r vatuabi• conslderatlans. t~• Mortgegors do h~r~by grant, Dargaln. s~ll,
allen. renls~, r~leas~, convey and contlrn~ unto MortgagN. Its successors and asslgns forever, t~s folforing
OescrlDea proportr, sltuate In _ St. L•L~?e County, FIorIGa:
PAfCEi, 1- The South 165 feet of the North 495 feet of the East 330 feet of
Lot 10 of Block 3, Section 24, Tawnship 36 South, Range 40 East, Plat No. 1
et St. Lucie Gardens, recorded in Plat Book l, Page 35, of the Public Records
of St. Lucie Count}~, Florida.
PARCEL 2- Tract 351; The South 165 feet of ti~e North 1155 feet of Lot 11 af
Block 3, Section 24, Ta,mship 36 South, Range 40 East, Plat No. 1 of
St. Lucie Gardens, recorded in Plat Book 1, at Page 35, of the Public Records
of St. Lucie County, Flor?da. Subiect to the East 300 feet for road utility arxi
drainage purposes.
; PARCEL 3-'I'ract 353: `l'he East 330 feet, less the North 495 feet of Lot 10,
BlocY. 3, Plat No. 1 of St. Lucie Gardens; as recorded in Plat Book 1, Page 35,
of the Public RecarcLG of St. Lucie County, Florida. Section 24, To~mship 36 South,
Range 40 East. Subject to the South 15 feet and the West 30 feet for road ~atility
and drainage easc~nent
AKA: 2431 S,E. Tilton Road Pt. St. Lucie, Florida 34952
THIS IS A SEC'CxVD MOR`~'G1~C~
~~Ka£~ncR kiTH elf and singular, tne tanements, hersd t a+~snts and appurtenances tnsreunto Delongl~g or In
anyrlse appertalning anA the rents, Issues ana profl?s tAereot. and also all bulldings, str uctures anC ot~er
' lmprovements nor or hereafter situ~te thereon.
~
~ TO HAVE APO TO HOLO In `ee sl~nple the above granted and descrlbed pren~lses unto Fbrtgagee, its successors
~ and asslgns, forever. TAe Mortgagors hereby cwenant vlth Mortgagee that they are Indefeaslbty selzed ot saiC
land In tee slmple; that the Mbrtgagors Aave tull po+ee~ and larful rlgAt to aonvey the sa+~e In fee simpi• as
; aforesald; that It shall be larfui for Mortgagee, Its successors and asslgns. at all tiTes peaceably and quletly
[ to enter upon, hold, occupy a~d enjoy sald land and every part thereof; that sald land (s free fran all eneueb-
~ rances; that tAe Mortgagors vlll make SucA further assurances to pertec4 ths fee sl~nple title to sald IanC I~
~ hbrtgagee, Its successors and asslgns. as may reasonably be reQulred; and inat the Fbrtgagors do hereby tuily
~ warrant t~e title to sa10 IanO an0 every part thareot and ritl Getend the ser~e agalnst the larfu! clalms of alt
! parsons irhoaisow~.
€ PROVIOED ALMAYS, tnat it th. Mortgagor s shall; (1) pny u~to Fbrtgagvs ihat certaln promissory note, execu-
3 ted by the~ concurrently hersrith. In tAe suu of
; ZWEIvTY FIVE TF~IOUSAND NINE H[JNDRED Atv'D no po ~ 1 ar s
k (S 25,900,00 ) saia sua beln
& . g payable In 1 consecutlvo mor~tAly Instali~nents rtih th~ tirst
; Insta~ ~n~ent of 1 342.99 due on tns 5th day ot March
, , i9 90 end 179 subsoqusnt
~ monthly Installments of S 31 6.70 ~acA due on the same day of each succeeding ~nonth thereafter, (or on ths
~ Iast day ot any succeeding mon c has no such day) until sald wm has been pald In full except the flnal
~ inst~lin~ent sAal1 be the Daiance Gue and t2) psrform all tAe cwenants and conAltlons of sald pranissory rwte
and a~y reneral, extanslon or n~odlflcatlon tneraof, and of this mortgage, tAen tAls ~nortgage deed and ths estate
~ creetod Mrob~ shatl caaso and bs nuli and voiC.
~ TAe Mx tgagors turtt~sr oovenant and agree to and rith ?brTgagee:
;
~ ? 1. To pay pramptly the prlnclpai and otAK s u~s of money payabis by virtue of sald prcmissory nate anA of
~ . this n~ortgage.
2. To pay all taxes and assess+nents of every nature nor Imposed agalnst, or ?wroafte~ lovl~d or assoss~d
~ upon, iha above Eescribed proparty, rhsn due anC payable betore such taxes, assess+nents or Iw les be-
coma dellnQuent and before any interest accrues or any pe~alty Is Incurred thereon, and to pranptly
furnish Mortgagee Mlth proot ot payment thereof.
3. To pay ~rhen Sue all obligatlons anG indebte0nesses sscured by a ~nortgage upon the pro perty, or vhlch
have or may result In any c1aIT, Ilen or other encumb~anca agalnst the property, and to psnalt no
Gefauit or dellnauency tAereon~ rnether salG clalm, Ilen, n~ortgage or enc u~branca Is suparlor to~ In
DarltY rlth, or Junlor to t~ls mortgage. My default under the terms of any ~nortgage, or the ob! Iga-
_ tlons thereby secured, rhich ~or or hereatter enc unbers the property shali constltute a dstault here-
' : ,o unCer.
~ • ~ ~ . To place anC oontlnuously keep, on the b~lldings noM or hereettsr sltuate on satd land~ flre a~d
~ w._ c,i extended coverage Insurance anC Insurance agalnst such otAer nazarOs, casualtles and contingsncies as
'~i may be requireC by the Mxtgagee in aruounts ot nnt less than the amounts rhich n~ay tron~ tlMe to Yln~s be
~ ' ' speeltled Dy the Mortgageo. In such Ins~~anca caepany as aiay bs approved by Mortgagee: Drw Ided,
~ ` ' horever, 4nat It lbrtgagee shall at any time be o~llgate0 to ~naintaln tlre ene 0octended ooverege
~ Insu~ance rn safG bu1101ngs, the Mortgagors shall b• excused fr an pK foneanc~ of this obllgatlon to the
~ - ~ extent of any such Guplicate coveraqe. AII i~surance poliCi~s of tAs lbrtgaga s shall oontaln the
. usual stanAard Mortgages clause n~aking the toss under sald poilcles payable to Murtgagee as Its
Interest ~nay appear; and every such pol Icy and ail ~enerals thsreot sAali be pranptly def Ivered to end
9 hold br i~ortgagea, icget~er rith es reeelpt far the pre~lu~ tAareon~ Mortgages s~all have tha rlght to
For~a t404 (R~v, 10/8S) MP ~ ~
6UG~ ~'ACE Pa~• 1 of 1
s _aa W . _ .
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