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HomeMy WebLinkAbout2843 ~ i 3'0 ~iaue and to ~iotd 1~~~• san~i•. tu~~~•f~u•r u~i1~_ I~u• lenrmrnls. ~~ere~ifamrnls an~~ apputfr 1 nun~-,•: I~u~rrfo ~u~~uni~irn~. n~+~~ I~u~ nv~h, issu~~s cuul pru~ifs f~~e~~roJ. unfo l~ie morfyugeP. in JPP simp~~, i ~ I ~ ~n~ I~u~ murft~ttryur c•oe•~~riaiefs u~il~~ l~it~ m~?rfyngee t~~al 1~~~ morl~~~gu? is int~p~ensi~?Iy seiz~a~ uf suit~ ' (nnd ~n J~•~~ .i??~~~1~~: tl+~it th~~ mo?tr~n~or has ~ood ri~l~t and lau~~u! nuthorily to convey sai<I lnnd as aJore- ( saie~: f~iaf I~u~ murlgnyor u•i~~ mnRi~ such ~u~l~~~r ussurnnres to perjpct fhe Jpe s~mplp tit~e lo saic~ larte~ in t~e i murigu~?i~t~ as ma~ r~nsunnE~~y E?e rcv~uire~~: fhaf 1~~e mo?fflac~or hereby ju~~y u~arrants f~e fif~P lo saicj ~anc~ t ; /lll~l 11'1~~ t~Pjpfl/~ ~~IP CA?I1P AI~AlI1S~ ~~IP ~Ql/'Jll~ C~AIIII~ O~ aII persons U~llO/1130P1~Pr: ancl I~af SQI~ ~Qfl~ IS ~~PP 1 QIII~ f'Pllf O~ (1'1 MICU1i1~1~Qfll'PS I ~ PROVIDED ALWAYS, that if said mortqaqor shall pay unto said mortqagee the ~ ~i certain promissory note hereinafter substantially copied or identified, to-wit: ; . DA1E O HI LO • . NOTE NUM6ER EOOK NUMEER ACCWM~ NUNI6ER l4sy 16~ 1972 222i2 17b42 9 PROCEEDS OF IOAN ? f 1409.16 ~~ENOfR (PAYE ItND Rf /tRTY ! Fa~ OTHE~ft CHAQGES-AS IiEM12ED p~0~ ~x ~19 j - FOrt ~rd~ ~A g3941 ~ . - t~u ~~E ? s 21Q5.14 i~ 8 T365.91 S ANNUAL PBtCENTAGE RATF ? 12 s - - (N) PAYMENTS • '(NUMlEIn CONSECUi1VE IAYMENTS OF } ~ lEGINNMKs D TOTAL - OTHFR CHARGES ? 2 ~pR}~ly s~39~qs INCWDING INTEREST j 'r,l~ ER10D WNOUNTI ~6wT4 FlNA! E 10TAL tOAN BAIANCE 4$SZ~I~ PAYMENT OF ? s 139~AS INCLUDING INTEREST OUE ON ? G~~J7 DAT ~ PRfPAIp ~ iF) fINANCE s (O) AGREED RATE OF INTEREST IS ? pfls PER CENT PER MONTH ON UNPAiD PRtNCtVAI BAt/1NCE. E CHARGE S REQUIRED TNIS IOAN IS SECUREO •Y A ~IEDGf ~RO?fRlr INSUtANCE. If WlllilM IN (G) UEPOSIT Of SMAfES NOW O! NERfAfiEt IN• 'A" COItNECTtON WITN TMIS \OAN. MAY S BALANCE _ ~~v TAO S CVRIIV wGREEMEM i O~tEDJ ~CO?Y Of wH~CM t5 wnwCnEO NEeEig Q,?ERSON OiENiS CMdCC.OWf! iMROUCH H; A~ E l CNARGES MAY !E IEO if THE l t MOl FAIO AS HEDIJtED: PREPAIO FtNANCf CNARGE ? i (R) LA1E CHARGE ? ZOx Of ~flt61~@at. d1N• ANO REQUIREO ~EPOSIT BALANCE c^ INITIAtS OF ROWER AMaINT FINANC~ ~ S 62VY~~7 (5) REQUEST TNAT t fROM TME PROCEEOS Oi THIS ~ tOAN 8E ilACEO 1N MY SHAItE ACCOUNi ~ r - . - - ~ N ' ~ ' . . ~ ~ y W. Char2as irar~cia He+PPer ~ ~ o ~ o . 2S OtCic~s C11~ClY . . ~ : . . ~ o Z a . sa2ines, CA 93901 " ~ ~ ~ Q ' - L _ _ ~ The Debtor(s) nomcd ot (Tj obove, hove this doy eiecuted ond delivered ~heia qomiasory note, the terms of whic~ ore se~ fonh in items (A) to (5) above, inclosive, to Secvred Pa-•, ~amcd obove at its office obove designated, so~d note evide~cing o loan made by said Secured PaAy to Debtors in the omount set forth at item ~ebrw(s) hereby uonsfer to the Secured Party, o security interest ~n od of the foUowing described cdlorerol, ro wit: i - ! Oead of ?rustt South P~ort St. lucie, flortde ~ De~d ot Trust= !ot 50 Lake Christins~ WaahinQton ~oqer!+er w~rh op div~dcnds, increments, righn ond income thereon, os securiry fo? the payment by pebb.(s) of the ofwesoid promissory nore rogethe. wsth dl cdlect~on costs, ,reo.ney's fees, and aU other obligotions as stoted in soid promissory note os weN os any additional indebted~ss to Secured Party incurred prior ro sotisfoction of this Secvriy 4greement. Debtorls) ogree ro deposit wi+h Secured Pory con~emporoneously with the execution of this AgreemeM the foregoing described cdloterol and ogree thot soid ~~~~rerol, together with ony odditional toUoterol which moy hereofter come into possess"an of the Secured Party moy be hNd punuont b the terms o/ this Aqreemertt unlil oN su ms owirtg by Oebtor(s) to the Secured Porry o~e poid i~ fuN. Debtu(s) slwN, if the Secured Pory ot ony rime requesb, deliver b ond deposit with Secur~d Porty odditionol ~Ito+eral to Secured Porty's sofisfactioe~ ond exrute ond delivlr oll things, writings and assuronces os Secured Porty moy from time to time request lo protecr, oswre or enfwce ~s ~nteres~s, righh ond remedies creoted by, provided in, w emonoting from this Securily Agreemenr. Wltbr(s) worronn thoe he it tl~e t,wner af tAe cdbterol wbjett to rFis ~greement ond thot tAe~e we no licns w entumbances upon the some e~ecept as noted with the dexription of the cdlaterol obove. ' ihe Sec~red Porty relinquishes ony right, ond sholl be under o0 oWgation, ro e~ercise ony wfing rights o~ sKUrities pledged hereunder_ i Debtor(s) sholl be in defoutt under this Securiq Agreemem in the evem thot ony payment of principol or inte~est is not poid when the some becomes due or io the event ••~•e ~s any mis-stotemem or (alse srotement in conoection unrh ony of debror(s), oWigotions, o9reements, or offirmotions under the rerms of this Securi~y Agreemenf. In ~he event ~ a! Secvred Pany deems the colloterd ro be insuff~cicnt by ~eosoe of the decline in the markN volue thereof, Sewred Party may occelerote this Securiry Agreement and the ~ ore. togeth~r with uny (vture odvonces, sKUred he~eby w~thout notice, eacept when requ~red by low, o~d witt+out obligotan b firsr demond oddit'ronol cdbterol, ond moy se~ P; otfoteraf of pnvate sole as pe~ishobl! property. Any nptic! g~ven may be sem by UnitH/ States Rcgistered or certified moil to the last g~ven oddress of Debto~(s). ' Should Secu~ed Parry, subseqvent to ~he debt c-~d pr~o~ to ~he sotisfaction of this Securi~y Agreement, ~enew the loon secured hereby or make ony odditionol odwnces of ~ ~ ey to Debtw(s), such odvonces sholl become o pnnclpal port of ~he Note ond sholl be secured by this Security Agrcement, ond shott beor ~nrereu at rhe iate p.ovided fw ~ sa~d Note. ~ i~ The e~e~~ Deb~or(s) defovlts io the payment o~ any ~nstollmenf, interest, or port~on thereof, poyoble by Debror(s) under the terms of ~his SecurGty Agreemem or soid Note, sho~ld Debtor(s) foil ro perform o~ obde by orry of tAe conditans or ~ovenants coorained in the Note or this Security Ag~ecmeot, Secured?arry shoN huve ?he nght ?o declore ~~~^~.ediotely do! ond payoble the entir! balonc! Of monie3 then remoin~ng unpoid. Such on dection by the Secured Porty shoU be finol and conclusive upon Debtor{s). Upon defo~lt by p~btorjs), at the opt~on of ~he Secured Vorty, Sec~r~d Pany sholl hove the right to reduce its cloim a judgment, fo.ecbse this Securiry Agreement by sole re collorerol, os aforeso~d, w otl~erwise enfo.ce tAe secwity imerest b~r any ovoiloble judiuol procedure, notice thereo( being e~pressly woived, e~cept if ony be ~equired by , i., ~Ae event of rhe sole of the cdlo~eral, S~cwed Por?y moy become the purchoser rhereof. The prpceeds of sole of the cdloterol moy be opplied by Secured Porty-first, e cos~ 01 such wlc, rhe unpo~d ~nterest, collection costs and onomey's (ees octuolly ~ncurred ~o the sole of soid prope•ty, ond secood, upon the unpaid bolonce of soid nofe i rh~s Setunty Ay~eemeot. Debtpr(s) ogrees to pay to the $ecured Pa~ty iorthwith ony deficiency which may e:ist in fhe event tbot the proceeds from the sole of the collaterol ~~s~ffKient ~o sot~sfy all wms due ro the Secvred Porty. ~ ii ~s spec~faally agreed tho~ the ~oking of ony action by rhe Sec~red porty sholl not be decmed to be on electio~ of thot oction, but rother. ~he rights ond priv:leges and ~ ct~o~s 9ronred to the Secwed Party under the te~ms of fhis Sccvrity Agreement sholl be deemed cvmulorive, and not olternotlve. ~ ' Th~s rity Agreement shaN be binding and i~~re to rbe benefit of tIro porties hereto and their respecr~ve e¦ecurors, odm~n~sf.orors, hei?s a~d ossgns. ! D t IIMAR1f1 T QR i ~'fJ~ NfITNESS W11HES5 L ~ ! OR . ~ • . ~ : ~S UC C f 4f V ~ m: ~~pr :'~+~t ~ ~ f,~., y~',~r~, 4..0... ~..a. ~ : ~ rrr r orr.. ar u~e ~ _ _ ' : . . . . - Y . _.tSY .c''