Loading...
HomeMy WebLinkAbout2294 b MORTGAGEE: MORT~AGE DEED ~`~2~~ 15376 . ~ ' li.~ w . L~S7 MA4[ •1111T . INITIAL S~WSC'S N~VC Fort Pieree , Florida M That Mort6agor hercby grants. bargains. as.?i8ns. and conveys unto Murtgagee. lhr following drsrribrd rcal cslate in Ihe ('ounty of S nt Luc~ _ , State of i~lotida, tu wit: ~~l << e+? ; ~ ~ ! • Lot 11 of Bluck 4~ of ~skegee Park Subdiviaion~ according to the Plat thereof recorded in Plnt Book 8i at Page 74~ of the public reaords of Saint Luoie County'~ Florida . . y.~ti•~ : DOC STAt~S ~RE AF'FIXED TO ORIGI~~AL PRUMISSORY NOTE• E~ . ~ . ~N ~~~~r~ . ,l ~~1. r~ f~ W~ ~0 a~ n/a ~ ~ f i i i ~i tu,~ethcr with all buiWings and impro~rmcnts nu~~ or henafter enrtcd thenon and all screens, shades, storm sash and blinds, and heating. lighting, plumbing, ~ ea., ekctric, ventila~ing, rcfrig~rating and air-ronditiuning equipment used in connection therewith, all of which, for the purpose of this mortga6e, shall be ~ ;i_emed fixtures and wbject to the lien hereof, anJ ihe hercditamc~ts and appurtenances perttining to the ptoperty above described, all of which is refernd to ~ h~rcinaftcr u lhc "Qremices' ~ TO H 1VE AND TO HOLD ~id land and pnmixs. wiih all lhr rights. privikges •rnd appurtrnanrrs thereto belonging, unto mortgagee and his hein, executon. ~dmin~straton, wc~~:ssors and u,igns. fomrer. ~lurtg:+gur alw assigns to \tortKagrc all n:nts. issurs and profits uf said premix:s, reserving the r~ht tu rollect :+nd usr the same, with ot wilhoul takinE pu.x~sion of the prcmisrs, during continurn~r of dcf~ult hereunder, and during continuam-e of wrh default authori~ing Afortgagee to enter upon said premises ~ndrur colket and rnforc-~ thc samr without regard to adryuar~~ of any se~vrity for the indebtedness hereby secuted by anY lawful means including ,~ppuintm~nt of a ncei~et in lhe name uf any psrty hercto, and to apply the same ksc costs and expenses of ope*ation and~colketion, including reuonabk atturnep's fees. upon any indebtednes.. srcured hereby. in wch order as 1lorigagee may determine. IOR THE PURPOSE OF SECURING: (1) Performance of each agreement of Mortgagor rnntained hPrein; (2) Payment of the principal wm of 5 o~f ~ 7 with interat, as ptovided /in accordance with~the terms and pro ns of a PromissorY Note/Loan A~reement (heteinafter refer[ed.to u ' Fromissory Note") dated ~~~i , maturity date . and payabk to the ordet of Nortgagce. co which Promissory Note reference is hereby made; (3) Payment of any additional advances, not in a principal sum in excess of f w'~~ ~ntrrest thereon. u may hereafter be loaned by Mortp~ee or the then hoMer of his Mortgage to Mortgagor, each and every advance to be evidence by the Prumissory Note of Mortgagor in the amount of the advance; (4) The payment of any money ihat may be advanced by the Mortgagee to Mortgagor for any reason or to third parties where the amounu are advanced to protect the secunty or in accordance with tNe covenan{~.~f this Mortgage. ; j ~ i :~Il payments made by Mortgagor on tl~ obligation sccured by this Mortgage sha11 be applied in the followi r~ei-~ j and a11 other charges ! t IRST: To the payment of taxes and assessments that may be levied and assessed against said pre ~ i~~~ ~~~s, repairs. ,nd expenses agreed to be paid by the Mortgagor. ; SECOND: To thz paYment ot interest due on said ban_ ~ THIRD: To the payment of principal. J• 1(~ PRnTECT THF. SECURITY HERE01=. ~10RTGAGOR COVLNANTS A\D AGREES: 11)To krep said prcmi.cs inwr~d a~aimt fire :~nd ~uch other .,~.ualties as the Mortgagee may specify. up to Ihe full value of all improvement~ for the protrction of !?tottgager in wch mannrr. in wch •rmounb. :+nd in such ~,~mpanies u Mortgagce may from time to time approre, and to keep the policies therrfur, properly endor~ed, on deposit ~ilh ~lortgagea:. arxl that loss pru~~eds (kss expenses of coUection) shall, at Mortgagee's option, be applied on said indebtedness, xhethcr due or not or to the rcsturation of said improvcments. In event of loss Mortgagor will gi~•e immediate notice by mail to th$ ~fortgagre w~ho may mal:r pr«~f of loc~~ if not made promptly by ~h~rtealtor, and exh inwrance company concemed is hereby authorized and Jirected to make pa~~ment fot wrh loss Jirectty to ~lortgagee instead of ~turtgagor. (2) To pay aU taxes u?d special assessments of any kind that havr been or may' be kvied oc assessed upon said premises, or any part themof. 13) In thr ~vent of default by Mortgagor under Puagnphs 1 or 2 above. ~lortgagee, at its optiun Iwhether rkcting to declur the w~hok indebtrdness securcd hereby ~iue and collectibk ot not), may (a) effect the insurance above provideJ for and pay the reasonable premiums arxl charges thrrefor. Ibl pa}• all ~aid ta~es and ,.x~sments wilhout determining the vatidity thereof, and (c) pay such liens anJ all such disbursements shall be dermed a patt of the ind~btednrss seruted by ~hi. ~tortgage and shall be immediately due and payabk by \tortgagor to ~tortpagre. 14) To keep the buildings and other improvemcnts nuw• or hrreafter : rcrttd in good condition and reptir, not to cummit or wffer any N•aste or any ux of wid premises contrary to reatriction i~r record or contrary to law•s, ordmanoes or reEulalions of proper public authority, and to permit ~lortgager to enter at all reaxonable timcs fur thc purposr of incprcting the prcmises, not <<~ remore or demoGsh any building thecron; to compkte within One Hundred Ei~thty (1R0) Uays or restore pcompUy and m a guod and Norkmanhkr manner any buildina which may be constructed, damaged or destroyed thereon and to pay. wt~en due, all claims for labor performed and material fur~ished tMrefor_ i~~ That the time of payment of the indebtedness hereby secured, or of any portwn thereof, may be extended or renew•ed and any portions of the premises licrein dexribed may, without notice, be rrleased from the lien hereof, N71AOUl releasing or affecting tln perwnal liability of an~• person ot corporation for the pa} rrsent of said indebtedness or the lien of this instrument upon the remainder of said premises for the futl amount of said indebtedness then remaining unpaid, and no change in the ownership of said premises shall release, reduce or otherwiu afl'ect an~ wch personal liability on the lien hereby created. (6) ihat he is seized of the prem~ses in fee simple and hac ~ood and lawful tqtht to ronvey Ihe same: and that he dces hrreby furev~r wurant and wiU fureret defend the titk and posxeuion thereof a6ainst the lawful claims of any and all ~xrsons w~halsxre~1r. 09-0/7S (6-73) FL - ' - - ~ ~..~„W ~ -~"`,~,~.~--r ~ _ . . .