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Home My WebLink About2443 2Q'78'~3 ~ • ^ e~ , MORTGAGE TO SECURE NOTE t~'p ~=•~-a~o ~N' • ~ 1 FLORIDA tN~S wt's `E. f~" ~3~~ ~ ~ UpE~~A ~A 7'1 . Tf~S MORTGAGE, made this ~h ~y ~ ~pril ~~t 1~_. ~ DG\:iF:I.LY Flt~ii o i•:~RY aAt?~ FII~N, his wife ~ 1.403 Jersey avenue, Fort i'ierce, , Ftortaa, eerefnarcer caued Mort~asors. ~ D~C Financisl ~ervices, Inc. ~ 3521 ~rovard blvd., Ft. Lauderdale~ Florida _ hereuutter called Mort~a~ee: ~IITNESSETH: In coasideration of We principal sum set out 1n the promissory ~te o! even date Aerewitb hereinattet deacribed, aad for other valuaWe consideratioas. the Mort~aQors do 6ereby Qraat. bargain. sell. alien. remise. release. convey ~t. Lucie and contirns unto Mortgagee, its successors aad essiQns torever, the following dcscribed pmperty, situate i~ Counq?. Florida : Lot 9 and the east one-hslf of Lot 10, Block 33 of a hesubdivision of Block 33 of Lel~fiyd00D :iDDITIG:~ TO FORT FIERC~;, FLOkID~, as per plat thereof recorded in rlat isook 9, pa~e 20, of ~t. Lucie ~ounty, F`lorida, public records. Grantor hereby aclrnovledges receipt of a copy of this instrument and receipt of Lisclosure ~tatement of Loan and a Lhree-day notice reduired by ~'ederal LaW. TOGET~iER WTl'H all aad singular. ttse tenements, hereditaments and appurienances thereunb belonging or in anywise appertaining and tbe rents, issu~s aod profits thereof, and also all buildings, structures aod other improvements now or 6ere- after situate thereon. TO HAVE AND TO NOLD in fee simple the above granted and described premises uato Mortgagee, its successors and assigns forevec. ~?e Mortgagors hereby covenant with Mortgagee that they are indefeasibly seized of said land in fee simple: that t!?e Mortgagots have full power and lawful right to convey the same in fee simple as aforesaid; that it shall be lawful tor Mort. gagee, its successon and assigns, at all times peaceably and quietly to enter upon, hold, occupy and enjoy said land and every part tbereof: that said laad is iree from all encumbraaces: that the Mortgagors will make such further assurances to perfect i We tee simple title to said land in Mortgagee, its successors and assigns, as may reasonably be reqcired• and that tbe Mort. gagors do hereby fully warrant the title to said laad and every part thereot and will defend the same against the lawtul claims R ot all persons whomsoever. ' ~ PROVIDID ALWAYS, that it the Mortgagors shall: 111 pay unto Mortgagee that certain promissory note, executed by them Four Thous~nd I~ine iiundred l~ollars ~ 00/100 concurrenUy herewith, in the sum ot ~llara ~ s ~ said sum being payabie in monttily installments ot S lC'~+' ll each, the first installment due on ' 1Qth 1''8Y , 196 71,and an additional installment to be paid on the lOth day thp day of ; of each succeeding month thereafter ~or on the last day of any succeeding month which has no such day? until said sum has been paid in full except the final installment shall be the balance due and (2? perform all the covenants and conditions ot said prom- ~ issory note and any renewal, extension or mod~calioa thereof, and of this mortgage, then this mortgage deed and the estate y created bereby shall cease and be null and void. ~ ~ The Mortgagors further covenaat and agree to and with Mortgagee: ~ 1. To pay promptly the principal and other sums of moaey payable by virtue ot said promissory aote and of this mortgage. ~ 2. To pay all the taxes, assessmeats and encumbrances ot every nature now on said described ptoperty, at that hereafter ~ may be levied or assessed thereupon, whea due and payable before they become delinqueat, and before any interest attaches or ~ any penalty is incurred aad promptly furnish Mortgagee with prooi of paymeat therefor. S 3. To place and conGnuously keep, on tl~e buildings now or hereafter situate on said land, fire and extended coverage ur ~ surance in an amount of not less than the amouat which may irom time to time be specified by the Mortgagee, in such insur- n ance company as may be approved by Mortgagee: provided, however, that if riortgagee shall at any time be obligated to maio- = tain fire and extended coverage insurance on said buildings, the Mortgagors shall be excused from pertormance of this obli- gation to the eztent of any such duplicate coverage. All insurance policies of the Mortgagors shali contain the usual standard mortgagee clause making the loss under said policies payabie to Mortgagee as its interest may appear; and every suc6 policy and aU renewals thereoi shall be prompUy delivered to and he;d by Mortgagee, together with a receipt tor the premium ~ thereon. Mortgagee shall have the right to adjust with the iasurer any loss uader aqy sucb policy, and any suc6 adjustment ~ shall be conclusive on the Mortgagors. Mortgagee shall 6ave the right to receive and collect all procecds paid on any claim undu any such policy, to endorse the Mortgagors' names to any check or other instrument of payment, and to apply such proceeds ' in p3yment o! any amount due under this mortgage aad the note secured hereby and any expeases incurred by Mortga~ee in € processing any claim under any such policy. biortgagee shall pay to the Mortgagors the balaace of the proceeds, it aqy, rt _ maining atter the aforesaid deductions. Nothing contained herein shall impair or abrogate t2~e right ot the Mortgagors b pro- cure insurance torm an agent or company of their own selection as provided In the insurance laws ot the state ot Florida. - 4. ?o pay all and singular the cti~ts, ~harges and expenses, including reasonable attorney's fees it reterred for collectioa to an attorney not a salaried employee ot the Mortgagee, and cost of abstracts of title, incurred or paid at any time by MortQaQee because of the failure on the part of the Mortgagors to perform the conditions and covenants of said promissory twte and ot tbis ? mortgaQe. ~ S. To permit, comm~t or sutter no waste. ~mpairmeot or deterioration ot said properly or any part thereot, to ktep aod - ~ maintain the same, including aU buildings nuw or hereafter situate on said premises, in Qood condiUon and repair, aod promptly ~ Q 1y1 2~438 ` g4C~f .a ~ ~ _ ~ ~ - = ~ ~ ~ _ _ ~p ~ ~ . '~"k~..a~,6'~A~ d,.z-. ~.a_'.s~-r~'< $ . . ~ ~x.~,z _i`