HomeMy WebLinkAbout2665 Tib~ PAYMENT AGRF•EdI~NT ~
Account ~o.~ ~
153~~4
~ Franl~lin D Mc[n~ht ~
Di ~DE thi dn~ of . 19 . by . ~
l N~iee j
; 6~1 Snuth Indi~n River Drire f„~,,,~P~ie_~;~~ Rlerid~ 33~s~ ~
' (6ereinatter called the °Mortgegor"). '
j To GOVS.RrTMENT~~,~pLQYEEB FIIdANCE dc IIdDUSTRW. LOAN (7URPORATION. ~ Vlrt[nla Oorporation. writL its ~
` ~~tfice at 1`'u6 Hartford St.. Arlington~ Virginia (hereinafter caUed the "Mortgagee"). f
f Total amount ot lwn -•.:401-68 , p~yable in~_successl~e :nstallmeats. First payment=~L_...7.L_due 19_ b
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; Succeecling payments (except final) shall be due on the same day oi each successive month thereatter. and in the same uaount ,
' as the first payment~ Final payment shall equal the remaining unpaid balance. ?
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N'ITV EtiSETH:
` Th:~t in run~iderwtiun et the abuve-ciexribed loan made by the Mort~cagee to the Mortgagor, reeeipt whereot is hereby acknowledged, eri• ~
~lencrd b~• a eertain promissory note ot even date AereMith, which loan the Mortgagor hereby corensnts and agrees to repap to tAe lfort~a ?
~ as ~nJicated above, together with interest sfter maturity at the le~ rate, the Mortgagor hereby murtRa6es and conveys to the l~ortgag ,
tr.r fullna~nK-de~cnbM1 aluto~ Yrhicie to~cether vrith ail accessories, attachmenta, equipment snd substitute or additional parts thereon durin
; thv te~m of tAis ~lortqa~e: ' , .
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n~ox oF svmxasu~
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~ NMKE OF CAR TtlPE OF BOOY ~AOOEL OR t~qOEL Iq. MOTOR MiMBER SERt11L MUI~ER racru wm[~ ~tw a~u~m i
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4 1964 Osed
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! Now s~cn.t~a ~ Ft. Pierce .c~c, or sint Lucie .sc.« oc Flozida 12467 ~
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TO AAV~ AND TO HOLD tbe afore~aW properb? uabo said lLort~oq~ ib snoowon ~ad ~ forevez: -
Provlded. tLat li the Hortgagor shall pqy to the Mortgagee t6e said loaa ia the ir~~~~~~b and manner ~pecttied above.
j untU the same is fu11y Paid. snd it the ldortgt~or shall perferm all terms and conditions oi tW~ mortgaSe and t~ satd note, then =
I this l[ortga~e shall terminate sad be void. '
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i TEBMS AND DONDITIONB
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~ 1. 7'Se 1(ortsator warr~nb t~at Ae ezelusird7 o~ns and po~esKS t6e said DropeA~: t6at tbere is no lien. elaim or eneumbranee or mnditiona! pnr-
~h~~e title aRaiast t6e anme: t,at this Kort~[ase is t6e Brst and odr lieu or elaim a1[aiast awid propertr or ans D+?rt tbereot: that t6is ![ortsare is m~de
t in Rood faith, witbont war intention to AinJer, dela~ or defraud anr endiWr: and tbat ~ll warranties, representatioas aad answers made ia tAe aDPVntios
j whieA forms part ot t6is time DaYOlent asreea~ent arc eanpkte and eornet.
E L TAe llortR+uor mar rat~ia M~ssion and enie7 t6e`a~e ot tbe aaid vwPeet7. at 6is owa e:Pmx and ~abjeet to tbe ter-s ot tAis Yort[~s~• Said
~ ~~royeTtY ~~r~ fros i4 a6orrdeseri4ed but'an fitiwt LLe ~rittes eeoseet o[ t4 1[ort~ee. mless Punmint to a danse o[ statiow or
rr.idenee to or witAin tAe United States ot Americw, its lerriWrin or paexaions: b~ order of LLe Go~ernmenL 9'6e llortta=or aAaU a.tif~ tAe llort=asee
~ ~~romptly of an~ <ue6 order and of waT ehanl[e of station or rcsi~knee Darsunnt t~ereW. ~
1. Thr llortKw~cor sball not sell. trwnsttr or encomber tse aforesaid properiY. in wbde or in part S~id ProD~K7 b~ +ubjeet to view and
i insptdion Ly th! Mort~a~tce ~l at~7 time-
~ '!'Ar }tort~::u;o~ ~6w11 ka~rV ~:~N1 h~opertr inxurad acwiml ~11 lo~. .IwmwRe. or .lrstiuHion due ~fire theft, wm) rollision. tor no kss tLan tLe
i tntal amnum n~rin~t hrravmlrr until (ullr pri.1. rnJ sh+~ll drliver t6r inwn~rr't Ddieies lo the rlca~cee. id pdieia sha11 I.r subjeet to wDDroral bl tbt
Morl~a¢re aml xha0 6e t•x~al.lr t~ /hr Morlww~ra~e xs ils intrra~l ~r .nva~~. It ~he Mort~[nROr frils P rc insurwnee in wrcordanct witA t6ese P~~sions. .
( th~ Mort~Rre vu~r. I.ut shall not be oWigated to. f~arc swH! insuranre at t6e MortRwior s r:lK~. ~a litv lbereof roar ~Icrlarr tbe remainins aapwid
f ba~anee imm..liatelr .lur ami naY~bte'. The l1oA~Rrr ma7 caaeel sueA insvranee at wny time and reni~e lhe relttrn ptt~siMw~. it +~rf. !n respeel W
rn~~ olAlr insuranre 6n:inee+f Ly the llori~xer hereunJr~. the Mnrt1[~ROr herdif autborius the insurrr. in tFe e~enl o[ cwnerQwtio~ oT lreA:i~autwnet to
S D8y LIK rHurn yrrmiums, if wn7- to the Mort~[atar. ~ s
; 5. TAe llortrt~uroTSda~1 pay before ~klf~oent a1r tw~cea, asseameab wnd litentt tees imposed b7 la~ apon ~id oh0~7. If s~id Dt'O~~rtf [s iajnrcd
' or .Irstrv~e+l tdrw~Th- fw~lt or ~e~elilKnet' of f'i~ni~twe, the lfortt~ROr dutl ~ad bereb~ does w•sieA w tbe 1[o?t+caRee t6e 1(o*tifeer's nf~Lts or claim
i{ ~¢wind swul thin! peroon, not in e:ress of the w~eount dae 6ereunder, and t6e 1loriRaltee is Bereh~ appofated lavrfd ~tWrnt~ in tatt ~riW power and
autlwrity to arttle.eompromix.soe to?, coYtct aed receipt for s~me ia tAt name ot tbe MoKnai[or. i
E i. Tbe ~IorUrw~cor ahwll obtain yn~id P~P~~7 • KKifkwte of title or other proof of o~rnera6iD nqcierd or permitteA b~ Iaw: alaU ntister or reeord
th~ lirn ot this llurtrwlte upon v~id re+ti6cate of title or wAer D~~ ot ~nershiD: sAwN e=ecate aneb appliqtions or other doeumenb ss mq be eteer
~ ,ary in onler to pre~re.. raaonl xnJ proteet tUe lim ot this l/ort~e: and shall delirer s~id eertiReate or proof to LAt ilor4CnRee.
~ 7. In the event ot breaeL of an~ D~~sion or warrant~ o[ tbis 1lortgiyee by t6e liorlRaleor, or in tbe erent o[ aar default ia ~n~ p~Ymept ur
inct:Jlment dae nnder t6is l/ortgase or ander tbe aid D*'om~?> nok. lhe Morlgwxee maY at i4 oD~n, and witboat notiee or demand, deelare t6e mtire
~ unvaid 6alwnee o[ iLe prinripal debt W be imme~liately dur and payabte and without notice to tbe JlortRaROr, tbe ~[orlgagee m~r take immediate poses-
.ion of l6e said DroD~rtr in whole ur in part. wderever it may be fcn+nd. For this purpase. artmta of the llorpta~tee may eattr apon the prcmi+es of t6e
i MQrt¢a~cor or any other premiaes w6ere such property ma7 be tound and searc6 tor, Wce passession and renave l6e same W~ pLee tbe YortBrRee maY
~ xr 8t. YortRSxce mar . talce poexsbn of any ot6er D~OP~~Y ~n tbe subjeet property at thr time ot repo~easion, wAen+er soch Wber propeKy may be
lherein, aad iJiaU Aold sate! temporaril7 for DlortRaBor withwL liabilit~ on the Dart o( Lhe MortgwRee. In auch event, tbe ~IOi~j1tlt PN [j~! A¢t (HS LbR~I <<A
1101 d~YS ~riUen noliee W/6t Alort~tsgor 67 ~tiSed ~il sent to 6u lut known addrems, nolifpiey~ 6im l6at the 1[ortsaRee ~19 eaase tie said D*oD~rt7
to be sold eitprr at DD~ ~~?pn b~ a duy-liten.xd woetioneer W tAe DiAhe+~t cash bidder flicrc[or, at a time ~nd D1aee doilWated in aaid aotiee, or at
~ t nuWie asle tn tAe manner re~oirrd or permitted by law. T6e D~is ot sueh swle .h~Jl be avP~~~d lo tbe pafinent o[ the anpaid Drlanee of the lown.
intereat tbereoa and aue6 ftes or dAer ebarAd wa arc rcasonable and neeesaxry e:penses inrurrcd for t~e liquidwtion of the {oan, uw1 any bak?nn shall
' Le remitted to the HorttaROr. /n case ot defieirney, t~e anwunt ot wd deficirncy, tqeethrr with altorna7i fea and interest, shx0 6e paid to the 1(ortgaRer
; by tbe 1[ortgasor. T6e riss4 of the 1lortr[aRCe speei6ed in tAis Paragnp6 s6a11 not preclude the l1ortgagee trom taktng any legal or MLer aclion it ma>
F deem neeeaswrf ~[ainst tbe aforG:aid proyerty. or anl Prrt tbercof.
F 8. IF Tf~ MOR7'GAGOR FIRST NAMED AHOVS SHOUI.D DIB BEFORB,L~~'NI' OF 7'F~ IAAN HAS BF.EN PAID IN FUL4 TE~
? [IPiPAID SAIJINCB OF SAID LOAN. 'ib A MAXIMUM OF i10,000, SHAI.L'.. I.I.RD UPON DUB PEtOOF OF THB DSATH O 3AID
; MoR1~GAGOR: EXCSP'P FOR DSATH OF THB blOR7~GAGOR RE3IJLTIIV(~ - OR I115D~iBL7LY _~ROM WAR OR ANY ACT O HAZ
3~ AKU OF WAR. DSCIAEtSD OR UNDBCI.ARSD. AND IIv9lIRR8C110N. r~ -
' 8. u fs lhr tntentiun ot the Nortga~ ad tt~e Yat~eG aad thef ~bY aB~R~. tW?t tLe 4w ot'tAe 8i~fe d[ YIrZIda shau ~~~K vR-
~ i (wmanee ot tAh Atort~age. atd all ts ud o0llptlaos ec+eated M or deilvtot tAeethom. - ~ ' ;
l0_ My tetercnce haYein to tAe ~hall be deeaied b Indude fb plecdso[s or assltns aM w6ee~e! the contact ~D flquLYS ar permits. the r
c~.iU be tatcn f~ the plwyl ald the pl~~~ll De tarln !n tbe W?SU1ar.
11. T~1! ~N1R.l1N~ ~eb'l ctrli(~!t Lli~t a!ORlCI aOd OD~ OI fll[~ WOf~! hiS bClO OD ~1!! KCf1j1$'Of OR dl~! OI !i!(L~ iOd
~ i Millqut cOft_t0 lh! 110r1(a~. ~(1
LI 1T'+STDdONY T~OF'. Nltaesi tbe h~ad(/) aed ~BL~(t)~aY sak~ tM (s). ~ 1t1 w~•
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' Si~na dk WIU~s StpatWe o[ lrortp~or /Horrower)
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PLEASE BE SURE ACKNOWLEDGNIENT IS COMPLETED ON THE REVERSE SIDE ~
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