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MORTGs~ E
25th day of June .19 69
THIS MORTGAGE Mads This
by and between Al1An d . Mnrr3 8 and
~,+nn ni a Mnrri a ,his wlfA , of _
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St • LuC~.A County. Stets of Florida ,hereinafter whether one or more called the "Mortgagor." has become justly
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indebted to
Qrange County. Stets of FlOr da ,hereinafter called the "Mortgages: '
in the sum of SAQt~ thOUSr~n d tW0 huna~s~ Qr7vantaAn Arid 2$~1~ :.-DOLLARS (t~~~.a~)
evidenced by a Retail Installment Contract end/or promissory note of even date herewith in the total amount set forth shove. payable in
$/~ monthly insullments in the sum of j'+1 Z ~IZV6 8A .Lw
DOLLARS is $5.92 ), the first payment commencing on the day of October
19 69 . and continuing on the same day of each month thereafter until fully paid, together with late charges of five (5) cents Per 11.00
on each installment not paid within ten (10) days of the due date, but not exceeding the lawful maximum, end interest after maturity at the
rate of 10% per annum.
NOW, for and in consideration of the aforesaid indebtedness and to secure the prompt payment of the same, Mortgagor has bargained
and so~ end does hereby grant, bargain, sell and convey unto the said Mortgagee. his successors and assigns, the following described lot
~ o~a~ of land situated in $t. LLCi A _ County, State of Florida, to-wit:
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Lots 13 and 11}, Block 1, Merklin Subdivision,
according to the plat thereof recorded in Plat
Book 9, ge 39s Public Records of St. Lucie
Coyintp, Florida.
Tbia property more co»only known as L4D1 North 22nd Street, Ft. Pierce, Fla.
Including all chattels contained therein.
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v l~.. DOCUMENTAL E S i dMP i AX
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y U CoMPTROIIER ~ "~ ~ -
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~/ IN PA`AAE.NT ~ R~
RECE~'*b ~ .c INTIINOIBLE ~~~' PROPE
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pt:~;ANT .o Ctti~=
rac'R p01T1iNS, f~lerk l;;lrcllit covet
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t~ert fot CtJillt N. ~jLES~
St• Lucie County Tax Collector
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J,Y,~
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Together with all rights, members, privileges, hereditamants, easements d appurtenances belonging or appertaining. Mortgagor
hereby covenants and warrants to the Mortgagee, his heirs, successors and assig~s, that he has a fee simple title to said property, free from
all encumbrances except:.
TO HAVE~-ND TO~IOLD ali and singular the aforegranted and bargained premises unto the Mortgagee forever, provided always that if
the Mortgagor shall and will pay to the order of the Mortgagee. according to its tenor and effect, that certain contract and/or promissory note
of even date herewith and secured hereby and any other sums which become owing by the Mortgagor to the Mortgagee prior to cancellation
hereof, then this mortgage shall cease, terminate,and be void, otherwise to remain in full torte and effect.
The Mortgagor agrees and covenants to pay all taxes and special assessments against the property and agrees to pay all taxes levied
under the laws of this State on the Indebtedness secured hereby. Mortgagor further covenants and agrees that he will at all times until the
release of this mortgage keep in torte a policy of insurance on that portion of the mortgaged property which is insurable covering loss and
damage by fire and the other casualties covered by the usual comprehensive casualty insurance policy. Such policy shall be with an insurer
acceptable to the Mortgagee, in an amount not less than the balance owing upon the indebtedness secured hereby, with lose payable to the
Mortgages. In the event of loss, Mortgagor shall give immediate notice by mail to the Mortgagee, who will make proof of loss if not made
promptly by the Mortgagor. and each insurance company concerned is hereby authorized and directed to make payment for such loss directly
to the Mortgagee instead of to the Mortgages end Mortgagor jointly but, in the event any payment is made jointly, Mortgagor hereby
authorizes Mortgagee to endorse his name on any check, draft or money order as his attorney-in-fact. Upon payment for loss, the Mortgagee
may at his sole option apply such proceeds to reduce the balance of the indebtedness, or to restore the mortgage Property. In the event
Mortgagor shall neglect or refuse to obtain said insurance or pay any taxes when due, then the Mortgagee may at his sole option obtain such
insurance or pay all such taxes or both, and all sums expended therefor are hereby secured by this mortgage and shall bs due immediately
from Mortgagor to Mortgagee with interest at the rats of 10% par annum from the date of payment by the Mortgagee until paid.
The Mortgagor agrees and covenants that he wfii miintsin the mortgaged property in good condition and not to commit or to permit
anyone else to commit waste, reasonable wear end tear exceptsd.`Upon the failure of the Mortgagor to so maintain the mortgaged property,
the Mortgagee may cause reasonable maintenance work to bs.~formed st the cost of the'MortgagQr. My such sum so expended shall be due•
immediately from Mortgagor with interest st the rate of 10% per annum from the date expended ut-til paid.
Ths Mortgagor hereby_ vests the Mortgagee with the full power and authority, upon the breach of any covenant or warrant herein
contained, or upon any default in the payment.of any b-staUrrrertt provided in said contract and/or note or any renewal or extension thereof, or
in the performance of any agreement herein contained, to declare the entire indebtedness hereby secured immediately due and payable,
without notice to any person, to proceed to iorecloss this mortgage in accordance with laws of this State.
A81tti1 d~ K~~ ~~~~~ PRINTED IN U.S.A.
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