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Home My WebLink About0903 . ~ ' MORTGAGEE: MORTGAGE DEED ' Avco Financial Services o~' ' ~M HollyWOOd; Florida Irc. ' ~ 2502 South Federal ?~~ht~r y I. ai~ NAM[ f1113T IN1~I~L SPOYS['S M~N[ Fort Pierce , F~~rida ~ K02•~~t K"r.NNETH 0. CAttOL A. l h~t Mortgagor herrby gcants, bargains.' assigns, and conreys unto ~tortg~grr, the ~foUuv~ri~ ,~irserib~vi rral estate in thr (bunty of ~a~.nt LuCi F, , State of {~IoriJa, to wil: ~ 1 j n . ~ . . Lots and Block 167• Lskeuood P~rk Subdivision~ Ur~t ~12-A as per plat thereof on file in Plat Book 11 at page 3S of the public recorcls of St. T.ucie County~ Florid~. SLIB.TFCT TO re~ervations~ restrictions~ easenents and ri~hts-o£-w~y of record. AND FiIRTH~? SLBJF~CT to that certain mort~aoe fron the ~ra.ntors to F3rst Fedaral Sav- ings ~C Loan Association dated 1/?_3/73~ recorded 1~?!i/73 in 0.?t. Book 21a ~t page 1Q06 in the origi.nal principal amount o£ ~19~~.~~ W~ch mortgage and the debt s secured thereby grantees expressl,y assune and a~ree to pay. s 'J ~ r IN PAYtJIEtR ~ 7~ _ ~ INjAN616LE PE't90N11L Pi~OP'FRI~ ~~i ~ ~ya•r~ J1-134. AC1S Of 1~iL ~EZ lOIiMS qFRK C1i~IT ppUqt. Si.~ F I'I t ~ c~~_~thrr with all builJings and improvr.nents now or hrte•r[[cr erertrd th~nun am1 all screens, shades. storm sash and blinds, and heating. lighting, Plumbing. ;.c., ek~tric, vcnti{ating, rcfrigerating :uid rir-cunditiuning eyuipmrnt uced in connection therewith, ali of which, for the purpose of this mortgage, shall be ~ „«med ti~tures and wbject to thr Ikn hercoi. •rnd the h~n~ditam~nts and appurt~nances perfaining to thr Qroperty above described, all of which is referred to ~ hrr~inaftcr as thc "prcmisc.c" " i l) NAVE AtiD TO HOLU vid land and pnmise.. ~~iih all thr rights, priviMgr. ~nd appurtenancrs theretn belonging, unto mortgagee and his heirs, executors. ~~ministrators. wc~~ssors :u?d at+~Kns. forcver. ~furtgagor alw auiKns to ~lurt~agrr aU rent<. isw~s and proPits of ~rid prrmisrs, reserving the ri~tht to colkct and use thr sarm:, with or without taking p;~.,r.,ion of thc prcmix~, during continurn~r of drfault hrreundrr, anJ during rontinuance of such default authorizing 111ortga~e to enter upon said premises ,;r.d:'ur colkct and rnfon-~ Ihr samr without regard to adeyuar)' ol' any s~cutity for the indebtedness hereby secured by any law~ful means including 3,~p„intment of rcc.:i~er in the name uf any party hercto, and to apply the s:sme kss costs and expenses of uperation and collection. including reasonabk .~tt~~rrx~•'s fees. upon am~ mJebtedness ucureJ hrrcby. in such OftIC~ SS ~tortgagce may determine. fO(~~~•R~,(RPOSE OF SECURING: (1) Performance of each agreement of Mortgagor contained herein; 12) Payment of the principal sum of \ tStS W~th inter~sjy ~S p~Rrided in accordance with 1he terms and,prA,vkci91~of a Promissory Note(Loan Agreement (hereina[ter ceferred to u P~om;ssory Note°) dated 7~ ~lt , maturity date , and payable t or ~}of Mortgagee, with t~~ wi~i~fi Promissory Note reference is hereby made; (3) Payment of any additional advances, not in a principal wm in excess of S intrre~t thereon, u may hereafter be Ioaned by Murtpa~e or the thcn holder of his Moitgage to Nortgagor, each and every advance to be evidenced by the Prurr,issory Note of Mortgagor in the amount of the advance; (4) The payment of any money that may be advanced by the Mortgagee to Mortgagor for any rea,on or to third parties where the amounts are advanced to protect the security or in accordance with the cov~nants of this Atortgage. ~tl payments made by Mortgagor on the obligation secuc~d by this Mortgage shall be applied in the following order: f-IRST: To the payment of taxes and assessments that may be levied and assessed against said premises, insurance premiums, repairs, and all other charges sn3 expenses agreed to be paid by the I?fortgagor. SECOND: To tht paYment of mterest due on said loan. "IHIRD: To the payment of principal. ~ f~~ PROTF:CT THF SECURITY HF:REOF, VORTGAGOR CO~'l.rAlvTti :\\D AGRI•:I~:S: I l l l o k~ep ~id prcmi.c. inwrcd :+gaimt tirc rnd +uch other .~.ualties as the Murtgagee may s{?ecify, up to thr ful{ value uf a!1 improvemrnls for the protection of ~turtgagre in .urh m•rnnrr, m.uch amuunt.. anJ in wc ~ , umpanies u illortgagee may from timc to time apptove, and to k~rp the polici~s thrrefor, properly cndorsrJ. un drpos~l W ith ~furtg.qere. and that loss ~ f~r;aeeds (less expenses of collection) shaU, at Atortgagre's option, be applied on said indrbtedness. ~hrther Jue ur nat ur to th~ rcsturation of said ~ ~;nrruvements. In event of losc ~iortgagor w~ill give immediah notice ny mad to the \fortgagre who may mal:r pnwf of iosc if not madr prompUy by f ~ ~f~~rtgagor, and cach inwrance rompany con~-~rneJ is hereby euthorizrd and d~rected to make p~}'ment for wch lu.. dirertl~• to \tortgagre in.traJ of ~ ~fortgagur. (2)To pay all taxes and sFxcial assessments of any kind that have been ot may tx kvicd or -r~se.xd upon ~:+~d premi.ec, ur rny~ part thrnof. 13) In tiir ~vent of default by Ntortgagor unJcr Paragraphs 1 ur 2 abovr, ??tortgagee, at its option Iw•hether electing to Jerlarr the wfiolr inJebtrJnes. se~urcd hereby ~ lu; and collectibte or not), may (a) rffect the mwrance atwve provid~d tor and pay~ thr rcaconable premium. and .hargcs thrrefor: Ibl pr) ~II ~id taxec arxi ~ :.~„ments w~thout determining the valid~ty ttxreof. and Irl pay wrh li~n, rnd all such disburument, shall Ix Jermrd a part uf thr ind~M~dn~•s. cerarrd b~~ •in. ~tortgage and shall be immcdiately due and payrble by ~lortgagor to ~lottgagee_ 141 To keep the building~ and othrr improvrmrntc no~~~ or hrreafter :r:_ted in good cundition and repair, not to commit or wffrr an~ ~~acte or any use of .aid premi.rs ~ontrat}' to rcstriction ur re.ord or rontraty to 1•rw~. •~r.linances or rcgulations of propet public authoriry, and to permit Nortgager to enter at all reau.nable times for the purpou of inc~cting thr pmmues, not rcmove ot demoGsh any bu~lding thereon: to complcte within Onc Hundred E~6hty (180? Uays ot rectore prumpUy and in a goud and ~.otkmanGkr manner ~ ~n} ~uilding which may be constructed, damaged ot destroyed thereon and to pay, when due, all daims for labor perfotmed and matenal fumished therefor. That the time of payment of the indebtedness hercby secuted, or of any porlion thereof, may br e~tended or mnea•ed and any portionc of the premises t~~rcin described may, w'rihout notice, be rcleasrd itom the lien hereof, w~ithout relrasing or affecting ihe perwnal liability of any perwn m rorporation for the ~ayment of said indebtedness or the lien of this instrument upon the remainder of said premises for 1he full amount oi s•rid indebtednecs then remaining ~.~npaid, and no change in the ownenhip of xaid premises shall rclease, reduce or otherwise affect any such petsonal liabilit}• on lhe lien hereby created_ (61 i hat he is seized of the premises ~n fce simpk and has gcwd anJ lawful right to ronrey the same: and that he Joec tkreby fotever wurant and will furevet i; f~ nd the titk and posses~ion thereof against the lawful claimx of any and all pcrsons whatsoever. 09-OJ7S I6'7)) FL ~ ~ r~ ~ - . - - ~ - - ~x=» - ry ~ ~ ~ x~ s~~'!~~,? _ ~ F,i..- .