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Home My WebLink About2060a~' ~ . ~ 4 87 .. - nn - '~ ~~ "'~ ST, tUCIE COUNTY. FLA. ~`''` 1~v ~rrt ~~2 ~~~''.° • -~ Mortgage Deed -Florida -Jim Walter Corporation THIS INDF.NIZJRE, )1[ade this ...--..-- _-- ---22nd-- - -------------- dad of _._-. ~OZlmhA.r-- --.-- -- ---_-_ ...-_ , A.D. 19 fi0 between -. AlazanciQr--.~[oyASS!_ ~ 1lsver lto~s (hie.__,~~1.__-____.~___..___._._ of St a-._Id1C.ia-.._-- -- ----•--.-___--- ---------__... Coaoty, Florida. beneinaf0a called ldoatsajor, and JIK WALTBIt QORPORATION, a Florida eorporuion, Tampa, Florida, betriasfter called Martaa~er, WITNESSETH: Thar Mongagor, in eonsideratioa of the mutual cova~ sod eooditioos cnntaiaed and of ocher valuable coa- Si~!r3tfi?n delrvrnd by tit' li.w•~.~~c to tl'~c iiG'i~us, irici~ai Vviscttiii is iii:tzby acltnow),edged, does hereby gtanT, bsrgato, st3i, ass,gn, transfer, convey and confirm unto e[artgagee tae property srtoaoe iu -:Yy.--.~µ0it----------- -------------.------ --. Counq', described as: A part of Tract ].8 of Garden City Farms, a Subdivision in Section 5, Town- ship 3b South, Range 40 Eaat, and recorded in Plat Book-2, page 5, of the Saint Lucie County Records described as follows; From Southwest Corner oP said Tract 18, run Eeat of South Line of said Tract 21b feet for Point' oP Beginning, then run North parallel to Mfeet Line oP Tract 18, 150 feet, thence East parallel to South line of Tract 18,- 50 lest, thence South Parallel to Yieet Line of Tract 18, 150 feet to a point on South Ling of Tract 18, thence Nest 50 feet to the Point of Beginning. This Mo>dgage is being re-recorded to correct the legal description of that certain Mortgage recorded in Book 1~ Page 192, Publi~Records of St. Lucie Conn R~ahfed i ~" ~ ~ ~s ~'` °'~F y . On Class "C" 1 angible Personal Proprrtl- Irsa^ei ~ or Fo ' ra ~ Z ~, haws of Fbrid>t, Art of 191E ti E~'s"oc~,°q SI~Yp arc ~ ~,' ~ S ~ O a ~ca+kctor. st- Lucie ~,or~ ~~ / '~'' /~ TOGETHER WITH all and singular the ways, easements, riparian and other rights, wad all cenemrnts, herediraments and ap- purtenances thereunto belonging or in anywise appertaining, and all boildings, structures and other improvements aow on said land or that hereafter may be erected or placed thereon, and all fi:totes attached thereto wad all rents, income, issues and profits accruing and to accrue cherefram. TO HAVE AND TO HOLD the above described property unto the Moagagee, its sttocessor and assigns. The iviortgagor hereby covenants with the Mortgagee that the Mortgagor is lawfully seized of the fee sirtlple title ro the above described property and has full power and authority to grant, bargain, sell wad mortgage the same to the Mortgagee; that said prap- erry is free and discharged from all liens, rncumbtances and claims of every kind, induding taxes and assessmrncy; chat said Mon- gagor, his heirs, legal reptrsenracives and successor, shall warrant and defend the title to said property unm the Mortgagee ag.inst the lawful claims and demands of all persons whomsoever, and will make such further assurarroes ro perfect the fee simple title co said property in the Mortgagee as may be reasonably required CleV V ILEU i+iw n i S, and chess pressure are upon these a:press cooditioas, riot if 1~lorcgagor shall promptly pay to Mortgagee one cenain promissory note, even date herewith, made by Mortgagor ro Mortgagee in the principal amount of 4,752.00 - _ payable in monthly ittscallmena of ;. _ 66 ~~~ - - . -.- each, the last inscalknrnc being due and payable on Le ceIDbEr. 25,.- -----.-., 19.. fifi- ,and until full payment thereof, or way ezteasions oc renewals thereof, in whole or in part, and payment of all other indebtedness or liability that may become due or owing hereunder and secured hereby, shall faith- fully and promptly comply with and perform each and every ocher covenant provision herein oa the part of Mortgagor to be com- plied a•irh and performed, rhrn these presents shall be void. The Mortgagor funher covenants and agrees with the Moagagee as follows: To pay the indebtedness recited in and evidenced by said none and any exteauoro or tentwals Thereof, and all other indebtedness or liability hereby secured, however created or evidrnced• to pay all taxes, assessanertcs, levies, liens wad encumbrances of every kind and nature on said property and upon this mortgage and note and the monies secured hereby promptly when due and before de- linquency thereof; to pay all costs and expenses incurred or paid by the Mortgagee in collecting the indebtedness hereby secured or in enforcing or protecting the rights and security of the Mortgagee hereunder, including reasonable anorney's fee if placed in the hands of an attorney, whether collected by foreclosure or otherwise; co keep all buildings and structures now or heteaher erected upon the mortgaged premises, constantly insured in an amount act less than the principal amount of the note aforesaid against all loss or damage by fire, winduorm or rornado and water damage, as may be required by the Mortgagee, and in a company or com- panies acceptable co said Mortgagee. All said policies and renewals thereof shall coacain standard mortgagee clauses with or wichouc ful! contribution as the AiortgaXee shall require, and in such form as shall bt satisfactory ro the Mortgagee by which any Iuss or damage under said policies shall be payable to the Mongagee as its incetesT may appear. r: is fr:rr!s^.r crn•c :anrcd that the Mortgagee may srlvanic ,rxiiri23 drat should have b.-cn paid oy iLlortgagor hereunder in order r„ protect said property nr the lirn or security hereof, and Mortgagor agrees wichouc demand to forthwith repay such monies, which amount shall bear interest from the date so advanced until paid at the rate of si: (6%) per cent per annum and shall be considered as sn much additional indebtedness secured hereby; bur no payment by the Mortgagee of any such monies shall be deemed a waiver of the Mortgagee's right to declare the princ~pal stun due hereunder by reason of the default or violacioa of Mortgagor in ,,nv of his covenants hereunder. - The Mortgagor further covenants to keep said property and the buildings now lotxted thereon or hereafter co be erected thereon in goad repair and to permit, commit or suffer no waste, impairmrnc or deterioration thereof, and ro comply strictly with all laws .inJ governmental regulations and rules affecting said property or its operation. It is further covenanted and made the essence hereof that in case of defaults for thirty days in the payment of any sums of mt:ney m be paid hereunder by the Mortgagor or in the performance of any of the covenants herein on the part of the Mortgagor c~> he performed, then it shall be optional with the Mortgagee to consider all unmaturcd indebtedness or liability secured hereby. including any ad~litioral sums hereunder advanced and secured hereby and arty interest due thereon, as immediately due and payable. u•ithour demand and without notice or declaration of said option, and the Mortgagee shall have the tight fonhwith to instirutc proceedings ro enforce the collection of all monies secured hereby including tlx• right ro foreclose the lien hereof. ~FT!~^N T0: )li~i V`°;: ~~~ - ~'t~ CORP. P, o, tux 91~ T,';I~iP~- 4, F --+sjey - ~ ~earz.. ~. - t ~--•--r-~'~'+lR7fr4rr,.,~. "E ~=~.