HomeMy WebLinkAbout0468 ~~9~36
THI8 I8 A BALLOON YORTGAQg AND TIi$ FINAL THIS ~NSTRUMENT WAS pREpAR~ 0~
PAYIRSNT OR THE BALANC$ DU8 UPON I~ATURITY RICtiARD A. FOSTER
Ig = NOIIe ~ TO~gTHgR WITH ACCRL'8D ~szj WaT ~RpyyARQ
INTBR88T. IF ANY. AND ALL ADVANC81[8NT8 ~tAD$ EORT uYDERD/1t~, p~. »~y~
BY TH8 YORTOAOSS UIdD$R THg TBRIrt$ OF THI8
YORTOAtiB.
MORTGAGE TO SECURE NOTE
TH1S I~lORTGAGE, wde ~ 3~ da~ of ~~~st . if-~- . b~
~WAItD_ A. M¢ . nSVITT &~IYS I+I. I~IC D$VITT, bi s vif
e 8re DANISL• P. KC DSIIITT ; ei~gle
of __205 ~~~IId_.~,T89t. ~ert Pisr~e F~,nri ~]g , 6ereieafcee cslkd
Mo~csaaoa, to M~~i~~'i~ ~C. . bc~deafta alkd Moresasee:
~l'MF.SSETH: In caa~idaa~im of c'r.s priodpsl aue ~ec wc in ~he prominoc~ noce of erea dac~ beee~ricL 6aeinafar dacr~bd. a~d [ar o~er
n1wWe coasida~uiaas. t6e ~t~ do 6ereb~ scanc, buaain. ~dl. alim. remi+e. reles~e. caa~e~ and coafins mw Moresasee. ia toccwon aed adita
tore.r~. c6e folb~rie~ dacnbed propet?;. acoace ia St _?a~ni g -~~h,~ F'1 er1 A ,
I,oti 15 snd 16, Block 2, of ALAMANDiA VISTA, subdivision as per
plat there~f recorded in PZat Book 5, pa6e 49, Rtblia Reoords
of St. Lucie County, Florida
~
3•
This mor~aaae iecwa aa oal~ chc ~odebcedoess e~idencod br c noce 6errmabo.e dacribed bnc alzo fetuce ad~anca. w6aher wcb sd~asca are
~ti~1 or a~s~e ac tAe opcion of c6c M«c~a~ee. u ace made ~ichio___~~an fram c6e daa hueof br 1[orc~a w ldor~or. T6e wtal
indebccdnas secured 6aeb~ ma~ be daraud oc increa~ed from cime w cime buc che c«al amo~nc of ;ndebudnw ac an~ ooe c;me i6aU noc aceed a mui-
m~m of ~VA ~10118811f1 ' Dollan (S 5~0-~ ) Plw inceresc c6eceon and disbnrraneaa aude for pa~eocat of tua, lwia or
insurmee an che Properc7 abo~e dacribed ~icb in~aac an snc6 di~bunemesu.
TOGE1'tiER pl'IFi all sod tiuaul::. che cmemena. 6eredinmeats and appurcmaaca ~heeeunw bdou~ or in an~v;st appanieiu~ and t6e
rmu. i~sua and profiu checeof, and abo al! MWdin6s, s~rnaura and a6a impro~emenu ao~ or henafca sicnau c6ereon. (Al! of the foreaana cansiscina
mcird~ of ral prapert~. or mwdr of c~aads. or of bocb real properq aad c6accels. is 6creinafter for oon~enience callcd c6e "moresased properc~.`)
TO HAVE AND TO HOLD in f« simplc t6e abo~e aranted aod dacribed premius unto Ma~tas;ee, iu succaton aod ass~as fote~er. T6e
Morcaaaon 6aeb~ coreaaat ~ith Morcaaace c6at cher are indefeasibl~ seized of said laad ia fce simple: t6at t6e Mortas6on ha~e full po~cr aod lawful
riaLc w con~e~ ~6e nme in fa simple, as afocwid: thac it s6at1 be laafnl for Morc~a, iu ~nccasoa wd a~w. ac all tima pncaWl and qniedr to
eaca upoo. Lold. occaP7 and mjo~ said land sad e~eq parc cherwf; ~Lu said land is fra fran all mcumbnnoa; tLac che Mortasaon will make snc6
fun6er assutanca w per(at che fa dmple ade w:aid laad in Morcaaaee. ics succasors md assi~s. u mal reasooaW~ be required; and cluc cLe Morc-
aaaors do heabp full~ warranc che tide to nid land wd era~ psrc c6eraof and will defend che same aaainsc ~th~e ~lawful claims of all pa:on~ wbomwe~er. .
This mortgaae a t~bordiaace onl~ w a first mortaase r«orded ~R Boo~ ~7~ . WEe=s±~- os J~i. T+L1C~9
Ca~nc~. F7 or~ n _
PROVIDED AL~AYS. thac if tbe Moscsajors ahaU. (1) P~7 mto Mocc ace dut cercain promiuor~ ooce. e:ecaud b~ chem coocurrmd~ 6erewi~
~ of ~ro Thousand One Hundred Dollars & 00~100 .u,L~.wRS 2100.00 ~,a~
I` thereao fran dau at tLe nte of tm pa aat (10~c) pa anaum oncil piid. boch principal and inacat beina ps7abk a~ ~7'4 Woodcoclc Drive.
i Tg _k~enna311 g~ F7 eri dn a a~ suc6 a6a plue u t6e hddn may daisaace in wricina, said principal snd iaurac to be palabk io
coa~ccuuse mon~hl~ iosnllmcac: of f~~ ~ a~ch~ ,indudina inc lus a fmal instalLmaLt ~of i. ~7 iocltidioa
( incaa~ c6e firsc iauallmmt w be paid on ~he ~S~ da~ of~li.~~~r 195~.. wic6 snccadina installmeau co be
dne and pa~abk on t6e sune da~ of each m«?cb t6erafcer ~o~ cbe lasc d:~ of an~ sncc«d~a mooc6 .L;c6 Iw no :och dar) mcil fdl~ p~id and (2)
perform all the co~mzn~s anJ conditio~s of said pranissory note and u?y reneval. e:tension or modificatioa t6eceof. and of this martaaae. tbm t6is
morcp~c dced and ~be aat, cta~cd 6ercb~ slull cease and be nnll and ~oiJ.
The liorcaaaors further cortaan~ and aaree co aad with 1[oresaaee:
l. To pal Promptlr tk priocipal and oc6er sums of mooer p~)sWe by ~inue of siid promiuory note and of c6u macaaae.
2. To psr all the u:a. as+asmmu aad cncumbranca of rrcr~ aature now m said described propert~. or t6at herafur ma~ 6e lcried or ssuaed
chcnupoo. w6ea dae and Pa~abk. before cbe~ become ddiuqnen~, and brfore an~ intercsc accac6a oc ml P~~~7 u iaturred and prampcf~ furai+6 l[at-
aspe ~ici proof of paraeat thador. To immediatdr Pa1 and dist6ar6e any claim, lien os encumbrance apio~t tbc mortEa~ed Propa~l ~6ic6 m>> 6e
or becpns s~pet;or to ebie moccaaae (unleu 6erein abo~e ~pecificaUy e:cepud) and co perm;c no defadc or delinqumcr an an~ L'en. matpae. encnmbrance
or c6ar~e spinst cbe morcaa6ed propeccr-
S. To place aed ooncinaa~sl~ kap. on t6e buildinas no~r or Ixmfccr si~mce on uid land, fice and e=uaded co~rnae insaraau in an a~oounc of
uot leu c6m tle amounc which ms~ frao tieoe to cime be specified br ~6e INorcaaaee. in snch insaance compsnr ss ma~ be approred br Morc~a. All
iowrance pdicia of t6e )[ortpjon shall contsia the usual saadard mor~aaace clauu makina t6e loss unda uid policia pa~abk to Mortpaa u it~
incerac m>> sppar. ~d ~.er~ ,oc6 Qo~l;cr and all renc~als tbereof shall 6e pranpdy ddi~aed to aod be 6dd b~ Morcpyee, wset6er nitL a raeipt for
che praniem chereoo. ~Loctassee ~6a11 hare t6e risht to adjart vit6 t6e iasora an~ las nnder aar wc6 policl. aad aor sotb sdjnstment ~6a11 be caaclusi~t
on ~6e Mottp6ors. 14ortpsae t6aU hase tLc riaht W recsi~e and collttt all procadt paid oi aa~ tl~n sodtt sn~ pK4 Pditr. to eadorx tbe Mores~aori
oama w m~ cbcck or aLer ioscne~euc of pa~menc, aed w~ppl~ mc6 procad~ ia Qs~mesc of ao~ amoaoc d~t nnder t6it morcpss and ehe aote xeared
herebr snd an~ e:pmus incurred br llortsaaee iu pcocasias ao~ daim ander an~ snch polie~. 1[orc~a=a s6a11 ps~ w c6e ~[or<<~oes e6e balance of ~he
proceeds, if aor. rnnaiu?ios afca t6e aforwid dedoction~. Upm faecloaure of ~is mott~e. or a6a acqaiwtion of tbe ~eorep~ed Prapert7r. a~ul Pu~
chcrcof, br the Morcaasee, nid policies s6a11 becaee the sbwlnce propecq of c6e Morcpsee.
To pa~ all aod iinaular c6e casu. c6araa and t=pmtts. inclodioa na~onable sttocoe~'i fas iI teisrr~d for collection to an ucornq sa a
ularicd emrbT« of che llorepaee. aad casc of sbtracu of citk. incYrred or psid ac ao~ ~ime b~ Nortaasee becaau of the failure oa tlx part of the
Monaason w pe~Eocm c6e coediciooi wd co~minu of uid promiaoc~ nae and of ehis mo~cpse. The coa c6eroof. aith intaat chueoa from cix dau
of paymenc ac tbe ~amt na u ~paified ie that nae. ~6a11 ,bo be +~coad br e6p ~no~e. -
S. To ps~uit, canmic ar wffa oo .asce, impairmen~ or daaioniioa of uid propaq or ae~ pare tLenof. co kap sad m~inain ehe ~ame. i~cltidiaj
all buitd,op nor or 6erafur 6c+au m asid premue~. ie sood caed':tioa md repsir. aod pros~tl~ w mste aod perfone ac eLs ytonp~on' a+s ripeese.
wc6 npa~n a»d oainuw~aa a Nonsape as~ iran ciau co cime roq~ire. Horsi~sK ~i ~l ~e e~e ~ole judse of c6e ~caat~ ebe:efor. ~i~6ore
Gm;e:oa el~e ae~snG~~ ot ~Ae foc~. t6e Morcpsas J,all cavu all mc6 buildiop to be pi~ted aot {as oEcm elaa oou ie e~eq e?r«•Tar ~sriod.
i. le ebe nsnc tbe 1[a~epsort ahall fW os compl~ ~ic6 se~ corwo~ m P~+~i~+PV 2. 3. 4 a~d f bereof. Noreps~s ms~ (bn~ ~6a11 L~~e w
obl~pcioa w) perform wc6 co~ena~c ae b~Lalf of tbe Moresssors asd c6e fdl aaw~sc of e~er~ ~qoeac aade b~ I~lorc~sses m wc6 cooruio~ ~6a1!
bar incerac ac ~be nce o[ lo~fo pa sanwa ico~a d~s Jau io paid aad ~6a11 be ~ec~red b~ tbs li~e of ~6is mortpse. i1 ~(oKpp~ iall ~rfor~ w~
w~enaet coowned ie pansnp~ S, ~Iort~ee s~T sdd to wch p~~nwut a rea~ooaWe fee wt te ~:ta[d IN~ o[ ~ucL pa~roaat for 1[ons~yee'~ ~ices i~
unnains ac6 perforwuncs. A/orc~ases ~6aU aLo w~e c6e ope~oo ~o e(tac fire aad atmd~ ewsrye isw~nwoe is a~ amooet wif.ciest from eise to eioe
~o d.sc6u~e s6p monp~ s~d c6e nae «c.nd 6seb~ aed che ltorgaion s6s11 lure ~o iuue~at i~ wcL iaatana, othe~ ~Laa cbeir iecerat is wrc6 dii-
~6.rss, as~ ehs f.q aoo.wc oE ~ p.ra...c ~de b~ Ltorcpser for srch uutinece a6aU bMr istwere sc tLe rsce d 1096 oer aaeaa fros tM 4u so
p~;a asa ~?all bs ~ecved b~ ebs lies of ~Ais monpse.
f. 1! de(aslt bs aud~ in pa~~emt rhen ~ oI aw~ ~adebeednew aeeosed Leab1. er + petf~rat~cs of aer of Yott=apr't o6liptiae+, oo~eaaeu
or ajeaaaaia ?ete~der: ~
(a) 1Roresspe + wtboriur sc as~ eiae. ~ie?w~ eocioe. is iu wk lircrec:o~ co ~ur rpar ua uke ~owa~io~ ef ~Ls ~rai+a ot a) P+rt
tMno(. to perfot~ ~cu Moreppe dea~a eacw~ar~ a~ peaper ce co~ur•s eM ~r:cp awd w col4et sed reosin aU reu. i~wo sa~ pcofit~ tjenof.
iwclydms ~4a~e poa drs ~s sell a ehou ~ccnins iheres(ur. ae~
~o ~3 .~4~
Farn ~Oi ~ ~