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HomeMy WebLinkAbout2990N ~'~ ya 93S MORTGAGE THIS MORTGAGE Mads Thts OF r~~ oi~' by and between Paul T . Gilbert Sr . and Mary G . .Gilbert ,his wife , of St . Lucie county. Stets of Florida hereinattsr whether one or more called the "Mortgagor," has become justly indebted to The Sun Tex Corporation of St . Lucie County. Stets of florida , herolnaher called the "Mortgages." in the sum of Three Thousand Two Hundred Seventeen and 20/100-vo~uRS {: 3, 217.20 evidenced by a Retail Installment Contract and/or promissory note of even date herewith in the total amount set forth shove, payable in 60 Fifty-Tbree and 62/100----------------------- monthly installments in the sum of DOLLARS Is ~3' 62 1. the first payment commencing on the 1st day of November 19 69, and continuing on the same day of each month thereafter until fully paid, together with late charges of five 15) cents per 11.00 on each installment not paid within ten (10) days of the due date, but not exceeding the lawful maximum, and interest after maturity at the rata of 10% per ar-twm. NOW, for and in consideration of the aforesaid indebtedness and to secure the prompt payment of the same, Mortgagor has bargained and ~d and does hereby grant, bargain, sell end convey unto the said Mortgagee. his successors and assigns, the following described lot Q. O St . Lucie County, State of Florida, to-wit: ~ o~ps~l of land sitwtsd in ~ .~-' N _. U O M. U W O Q to Lot 8~, Block 3, IInit One of Fort Pierce Highlands, according to o ~° the plat thereof as recorded in Plat Book 10, Page 29, Public o ° Records of St. Lucie County, Florida. U u.; W ~ - ~ c This property more comonly loaolm M t-° Including all chattels contained ~ ~ O . 5 ~ ~'-1 t= ~ pOCUMEN ~ Z SEP2~69 ~ ~ 0 ~ U _ coMP~~ pR_190138 1832`7'7 ~~ .. . RE~EIIfEO ~ ~: 111 PA`rR1ENT OF TAXES D'JE ON CLASS 'C INiANClBLE PERSCNl1L PROPERiY. PL"S.'ANT TO CIEAPTER 2(}724, ASTS OF 1941. f OG-f, POI} P.AS, Clerk Circuit Court u Age..^.t for DAIIIEL N. KNOWLES. 1R "`-= St Lucie County Tu Collector w~ 95r ,~, .1~ DEPUiY IS.ERII S/ .~ Together with allrights, members, privileges, hereditaments, easements and appurtenances belonging or appertaining. Mortgagor hereby covenants and warrants to the Mortgagee, his heirs, successors and assigns, that he has a fee simple title to said property, free from all encumbrances except: Mortgage to Veterans Affairs. TO HAVE AND TO HOLD all 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 Mortgages, according to its tenor end 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 force and effect. The Mortgagor agrees and covenants to pay all taxes and special assessments against the property and agrees to pay ell taxes levied under the laws of this Stets on the indebtedness secured hereby. Mortgagor further covenants and agrees that he will at alt times until the release of this mortgage keep in force a policy of insurance on that portion of the mortgaged property which is insurable covering foss and damage by fire and the other casualties covered by the usual comprehensive casualty insurance policy. Such policy shall bs with an insurer acceptable to the Mortgagee, in an amount not less than the balance owing upon the indebtedness secured hereby, with loss payable to the Mortgagee. 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 Mortgagee and Mortgagor jointly but, in the event any payment is made jointly, Mortgagor hereby authorizes Mortgagee to ehdorss hie 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 texas or both, and all sums expended therefor are hereby secured by this mortgage and shall be due immediately from Mortgagor to Mortgagee with interest at the rate of 10% per annum from the date of payment by the Mortgagee until paid. Ths Mortgagor agrees and covenants that hs will maintain the mortgaged property in good condition and not to commit of to permit anyone else to commit waste, reasonable wear and tear excepted. Upon the failure of the Mortgagor to so maintain the mortgaged property, the Mortgages may cause reasonable maintenance work to be performed at the cost of the Mortgagor. Any such sum so expended shall be due' immediately from Mortgagor with interest at the rate of 10% per annum from the date expended until paid. The Mtirtgrigor'~hereb~i' vests ~-e Mortgages with the full power and authority, upon the breach of any covenant or warrant herein containsdror upon aril default iri t11e payment of any installment 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 pr to for this in accordance with laws of this State. This instrnasnt prepared by: ~~e ~rera i 205 ~VeIIlle eCa s ~" Piercf~ ' ~ PRINTED IN U.S.A. As,ilf;, >3a~ ~~2~~ ~t. _ .. ~~ ; .. T 15th day of September ,19 69 as 3433 Carlyle Street, Ft. Pierce, Fla. therein.