HomeMy WebLinkAbout2104 ~~tP ~f ~lur~d~ MORTGAGB DBBD ~~~`;1
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THIS MOR1'GAG6 Made Thls ~ dey ot • ~9 2'~ '
by aQa ee~W~p S~Ar/+e s~nl~ e„a
~ ~ ~ ~N . n~ 1 ~ F~~- . or
l~ Couuty. State of ~~d rI , here?netter whethe~ oae o~ more called lhe "Moct-
gagor'. has beoome iusqy indebted to N Y~ d U~ T.5 ot
~/"D~f~ r'~ County. State of ~~~r/ ~R , he~eiaafte~ caUed the "Morlgage~i'. tn the sum ot
>1~~~~ ~ ~ ~ ~6 ~9~5~ 96 ,
evldenced by ptomissory note of even date 6erewit6 ta the tota! amount set forth above. payable
.
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~n montWy lnstaUments in t!?e sum of
pp~ ~d. (o~ t6e fl~st paymenl oommencing on the __L_~~-day ot •
19 1~-. and continuing on the same day ot each mooth thereafte~ uaW tully paid. together with lele cherAes of Qve (S) ceats per i].00
on each instelimeat aot peid witWn ten (10) days of the due date. but not exceeding the lawtul maxlmum. and interest after maturity at lhe rete
ot lOX per. annum-
NOW. [or aad ta ooasWeradon o[ t6e aforesaid iadebtedness and to secm'e the promPt paymenl ot the same. Morlgagor has bargeined and
soW aad does hereby grant. bergain. sell aad aoavey unto 16e said Mortgagee. his succ~ssors and asslgas. the foUowiag descdbed lot or parcel
of laad situated ia ~~~ui~~ Coualy. State of Fiorlde. to witc ' .
Lots 1 and 2, Block 10, REVISED PLAT OF LINCOLN
PARK, according to the Plat thereof as recorded ,
in Plat Book 4, page 77, of the Public Records
of St. Lucie County, Florida. ,
~ _ ~lo n~ nrwaR~~~~ .
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itaments. easements and appurtenances belonRing or appertalning. MorigaRor hereby
ri hts. members. 'vileges. hcred
~ Together wit6 all g Pn
~ co~~enaats and warrants to the Mortgagee. his 6eirs. successors arnl assiKns, that 6e has a fee simple tiUe to said properly. fcee [rom all en-
cumbrances eacept:
~ ° STATE ~F ~LORIDA ~
~Z OOCUMENTARY STA_MP TAX ~
c~ UEP1. OF REVENUE :r I
P~. =~?YZ~~r: ~ 0 T. 5 0 t
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TO HAVE AND TO HOLD all and sinRular the afotegranted and barRained premises unto t6e Mortgagee forever, provided always ihat if
the Mortgagor shall and will paY to t6e ordet o( the Mortgagee. acwrdinR !o its tenor and e(fect. that ceriain promissory note of even date
herewith and secured hereby and any other swas which become owing by the Mortgagor to the Morlgagee prior to cancellation hereof. then
this mortgage shall cease, terminate and be void. othemise to remain in full (om.e and e(fecl_
The MortgaRor agrees and covenanis to pay all laxes and special assessmenis aRaiost ihe property aad agrees to pay all taxes levied under
the laws of this Stato on the indebtedness secured hereby. Mortgagor furiher covenants and agrees that he will at all ttmes until the release o(
ihis mortgage keep in [urce a poUcy o( insurance on t6at porilon ot the morlRaged properly whic~ is insurable coveting loss and damaRe by
tire and Ihe other casualties coveted by ihe usual comprehensive casualty insurance policy_ Suc6 policy shall be with an insuter acceptable to
ihe MortRagee. in an amount not less than t6e balance uwiag upon ihe indebtedness secured heteby. wit6loss payable to ihe Mortqagee. In the
event of loss. Morigegor shall give immediate notice by mail to the Mortgagee. who will make prooi oi loss if not made promptly.by the Mort-
eaKor. and each insurance company coacemed is hereby authorized and directecl to make payment tor such loss direcily to t6e MortRa~cee im
slead of to the MortqaRee and MoriRaRor 1ointly but. in the event any payment is made jointly. MorlRagor 6ereby aulhorizes btor(xaRee tb en-
ilorse his name on any check. dra(t or money ortfer as his attorney-in-fact. Upon peyment tor loss. ihe Morlgagee may at nis s~le a~lion apply
such proceeds to reduce the belance of the indebledness. or to restore the mortgage property- In the event Mortgagot sha:J peRiect t,1' retuse b
obtain said insuranx or pay aoy taxes when dae. tt~en Ihe Mortgagee may at his sote option obtein such insurance or pay all ,sush taxE.+ or bolh.
+nd all sums e~pended t6eretor are hereby secured by ihis mortRaRe and shall be due immediately in~m MorlgaRor to Mi~riga~qee wilh intereyt
a• ~he r?~e o( 101. per annum trom the date ot payment by the Mortgagee tu~til paid. ,
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7he Mortgagor agrees and covenants ihat he will maintafn t6e morigaRed property in Rood condition and not lo commit of Iq permit anyone
~rise to cemmit wasie. reasonable wear and tear excepted. Upon ihe tatlure ot ihe Mortgagor to so maintain the mortgaged pro~6t~y,, the Mort-
KaRee may ceuse reasonable maintenance work to be per(ormed at ihe cost of the MoriRaRor. My such sum so expended shall t?e due immediate-
ly irum MortgaRor with intErest at ihe rale of 103 per annum (rom the date expended uniil paid.
T6e Mortp~agor hereby ~esis Ihe Mortgagee with the full power and authority. upon the breach ot any covenant or warrant hen:in wntained.
or u~o~ any det~ull In Ihl;pa~{Cq~nt o( any ins~~ne~i~tovided •~n ~ note or any renewal or extension the~eof. or in the pertormance o( any
aRreement herein oontained. to declare ihe en i btedness t~ereby secured immecliately due and payable. withoul notice to eny person. to
proceed to toreclose this mortgaKe in acoordance with laws ot this State.
: ~.c':'.``'.• Pffl ~.~?1 PACE~~
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