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HomeMy WebLinkAbout0603 REAI ESTATE MORTGAGE / 5 ~ 3 . ~ ~ ~ ~~~i 2a~`~~98 (Plcaxc prinf or ty~~• all rwmrs arwl wld?cssesl ~0 ~ ~ / TH1S NORTGACE. ~de ~h~. 2?_nd _aar ot~__ :;arch ls~_, b) _ ~{@1~IZ9t}l QYlC~ 1•iA2' orie L• K96 ( tlu~band anJ ~~•i!e) ( - _ - - . , ~atrtkr w,t ~lr„swwioa tb.t du na sNpt~•? 209 North 18th Street City ot ~''oY't. Pj.92`Ce ____~~allcd Alortgagon c~rcinl liu> rr'f Addrrss ) Esther «illiams Pools Co. Inc. co-- - - ~,f_ b001~ South Dale I;abry I_ iw . Tai~a Florida ~ c c:w~u.ao~ :~adras ? l called I~f ortgagee herein j ~ ~VITA'ESSETH: } \ti'HEREr1S, Mortgagor as Buyer is punhasing c~rtaiu goocla and sen~ictiy or xn•ioe~ (call~vl Property lmprovements herein) from Mo[tgagee as ~ C.ontractor undcr a Home lmprovemeat la~tallment Contract (called Installment Contract herein) dat~~ 22 :1areY~~ , 19~_. ~~ith the rlortgagor(s) unpaid indcbtexln~s thereunder (nferrcd to therrin:u Tot:il uf Pa~Tnrnt+) txiug S~~412.2~ , ~~.i:lenccd by a promissoiy note (heminaftc~ refern.~d to :u the "Note"). a ropy oF w•hich rppcan on the mvene sidc hcn,~of, to the order ~f Atort- gagee payabk at the o~ces of General Electtic Credit Comoration At,18Ylta G@OY`$j.8 i~i_ _ 6o ronsec,~utive monthly, each instaUment in the amount of S- 81 • 87, exccpt the Gnal iwtallmcut ~~•hich shall be $ 81 ~ 8? the fint installment payable one month from the date of completion of the property impro~•ement unless a di$erent fust payment date is iuserted here the bal~ance d iushllments pa~ yaWe ~ even date ~f each w«eedina month thereafter until fully . Tbe I~ote and I, allment Contract alw pmviding for delinquency and collection charges. rOW, THEREFORE, to secure thc paycnent :uNi pedormance by ~tortgagor of the Note and the Imtallmcnt Contruct ancl thepe dormanc~e ~ ti~c covenants henin cuntuincvl and to inducr Alortt;akee to enter into the lrutallment Contract with 1lortgagar aucl for other good and valaable ~~onsideratioa, ibe ieceipt where~ is hereby aclmowledged, the Mortgagor dces hereby grant, seA and convey to Mortgagee, the Mortgagee s hrus, executors, assigac or succes,wis, the following described real estate. situated ia the County of i.UCj.~ State of Florida described aa fallows: . ~ • T.ct~ ~^.~c 10, ~~?.~r,; Pnr:: ~u::c3iv~~io:; ~ccordin~; to tiie ~lat _ Ll~er~c~' ~s recordec3 in Plat ~ooi: t; . I'~:~o 7~, I'ub'1ic ::e~crds o~ St ~uc~o ;ount;~ I'lori:3~ ~ ~ - - ~ b~•iug and intended to be the same pmmi~es rnnvey«I to Mortgagor by deeel dat~ 1-~~-~~~3 , recorded oa ',`~~''~~~3 19 in Fbrida, Boo~ ~ Page3II~' S t :.~C? e the Office of th~ Clerk of Court Qf e~„nty. Together w~ith ihe improvements hereclitaments, aud appurteaances thereunto now or herr•rfter bcloi~ging, the rent~, i~ues and pro6ts thereof, ~~u~l 31l ficture~ now or hereafter attached to or usi.•d in connecNon with thc pmmius desrrilxd above. ~ 1'u havc and to hold the above mortgage property unto the ~lbrtgagec, 111ortgagr.~'~ hrin, ~cecutors, adminutraton. successon or assigns, to ~turt~;3geei own proper uue, bene6t ancl behoof torever; pro~~idec! that upon ful) p:tyment and ~ ormance of the \ote and Installment Contract, and th~~ k~rping and pertormance of all the covenants ~tatexl hemin, then this ~tortgage, the 11~ote an.. liutallment (:ontract ~}iall be null and void, other- to rezaain in full effcrt. My renewal of the Note aod Installment Contract, or the extend"u?g of paymcut~ of any in~tallme~t thereof s6all not S} ould t~he premises abo~des~ribexi ~ or conveyecl or in the event any mechanics', matrrialmen ~a•orkmen'~, judgment or taz liens lie ' :~~,;~iii~t the premixs, or this or any mortgage coveri ~bremises shall be in default, on or aftcr the date herc~f ur should the t~ote or lnstallment i (::,l~tract be in deEault, then the inclebtedne~ y, shall at thc option of liortgagee immediately become due and payable, anything th~~r~in to tbe co~itra[y uotwithstanding. i L'lwn such default or any defauk id the.perfprmance of the covenant~ herein, ~fortgagee may enter upc~n and take possession of the said ; ini,e~, receive the rent~ and profits thereof ancl to apply the same tow•ard the payment of tarc~, upkerp of d~e property and the ful6llment of : ~ th~ co~enants of this mortgage; or at the optioa of Mortgagee, to cause a receiver to be appointed• or to sell or cause to be soW the property hereby i m„rt<~;i~ecl and to rnn~•ey the same to the pumhaser, punuant to the statute in such case made and provided and out of the procecds of such sale to 1 r~ t.~i~~ thc moncy~ due under the ternu of thit mortgage, the oost aud charge of such ~ale, and the attorney's fee provided by statate, rendering !he ! ,~.,r~~lu, money, if any, to the Aiortgagor. - ' ~fortgagor ..~ll keep the premi~es fully insural against losc by 6re and lightning and such other ri,ks as :lfortgagee may require with insurance ~~~mp.iny or cY~mpanics satufactory to Afortgagcc, for t6e benefit of \tortgagee and i~~ defauit thcrcof l~fortgagee ma but shall not ~e o~bligated to ) ituure thc same. Such rapenditures for iruurance by Aiortgagee shall become so much additional indebteclness sccur~ hercby. Atortgagor shall pro~~dr, :;E~~n~ ~fortgagres rc~ryuc~st, e~•idrnce of iiuuranc.~e corerages, ~ehich coverages shall also pro~ide Eor tea (10) days prior w~rittrn notice to 1lfortgagee uf _ .,~y ..~ncellation or material modi6cation of i~urance. ; \o building on the premises shall be removed or demolished without the consent of ~tortgagee a~nd ~iortgagor co~•enants not to commit or permit ~ «a~tc of any kind upon or of said property. \lorty,agorwill pay all taxes, asse.~ssments or water rates, and in default d~ereof, \tortgagee may pay the samc, but shall not be ob~ligated to do so ~ :,~,t~~ ithstancling the senuity hereby provided for such, 11~ortgagor shall be in default mder this mortgage, and the a~ount paid shall be so much ~ a~IcLtional indebteclness secured hereby. The failure of 1liortgagor to pay any part of any installment of taxes, assessments or insurance preiqiums under the ~?3sja$ ,of thls mortgage it th~• time or times when such items are due and pa~•able, shall constitute w•acte within the rr?eaning of applic~ble Florfda Mah? 7Ariy ~mounts paid h;• \fortgagee for insurance, ta~ces, assessments aad water rates shall bear interest at the highest lawful contract rate, and shall be paid by 1ltortgagor upon demand. \tortgagor hereby relinquishes all rightr of homestead. ~ ~ t'' This mortgage shall inure to the benefit of the successors and a~signs of I~fortgagee and shall be bindingj~u~on the heirs, executors, successors :,nd legal repnxentatives of I?tortgagor. I~ ~YITNFSS ~VHEREOF, 11~ortgagor has signed this instrument on the day ancl year 6r~t above written. ; Signed and Delivered ~ ~ ; y ~ in the of: . . ; ~ t l• (If Mort ogor . - M°rtg t~ fAa~, ~ ~ ~ ~ ` fllust it8T1~ . ; _ ~ 3 ~~WtgigOf i (tu»o u.3tneuet must ,sign) (t or print names b~h sig ` res) r _ ~ Payment of this Mortgage is subject to the terms of a home improvement installment contract of even date ~ between Mortgagor and Mortgagee. , ~ S o D ~ ~tR~F ~P~ j ~ -ri~;s Instrument was PreP~ bY= 0 R ~ ~Q~ .~EPl. ~r~uf~ + , ~ :arol L;mn Swift BOOr 1 YAGE ^ ~ ~~r~~ , C!~ South Dale mabry ~i~ly e ~ o = ~ ~ ~p ~ s ~ , ~ c.aa~~.~ ~ _ ~ ~ ~ :F~<~ 3;511 ~ - - - - _ e ~ ~ ~~R , - ~ ~ ~ . . , . _