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Home My WebLink About2611 tw f MORTGAGNE: MORTts'AGE OEEO 289314 ~ i u w ~ HO ` ~ • ' ~aST M~MC IIAST IMl~l~l ~10U~C~3 MAY~ ~A*~~ i"iA~e , ~OII~ i~~at I?fartgagor hrr.by grants. bargains. as~iitns, and conveys unto l?fortga6re, ~M foliow•ing ~lrscribcd cral rstatr in Ihe County of t Luaie CiOUtita~ . Sute oC I~loricia, W wit: I,ot 4i in ffiock l~ aY d~iDIAN HILL3 S3TATS4, s eubdivision in t2~e City of Ft. P3sroei Florida accordint to the plat thersaf reaorded in Plat Hook t0i Page 32 0~' tha Pub~lic Ii~corda af Saint Lucie Countyi Florida. JOC ST.L~ff'S :1:t~ :~'FIX~,D `i"Q GR.IGII~L4I, Pr~Oi•ffSSO~.Y PtUT?.. . ` ' o o ~ ~ ~ ~ IKTlM1GIBI.E P~R~~ ~ ~S 197L r~1 ~~i ~ q{~p~ER 71-13~t. 0~ - . pp6ER PO{iW?S 5I. IUCIE C0. ~ :l 1 to~~th~r with all bu~Wings and impruvrments nuw un c~rcaftcr crert~d thercon and all scteens, shades, storm sash and blinds, and heatina. tightug. piumbi~g, ~ ee., rkctric. ventilating. ,mfrigtrating and air-cunditioning eyuipment usrd in connection therew~ith, all of which, fot the purpose of this mortgaae, shall be d:~mrd fixtures and subject to thc lirn hrteof, and ttin c~rcditaments and appurtenances pertainmg to the property abort described, all of which is rcfErred to ~ hrrcinaftcr as Ihr "prcmiscs" i E I.) HAVt. AtiU TO HOLU ~•rid land anJ prcmisr.. with •rU thr rights. pnvikgec and appurtenancrs thereto belonging. unto mortgagee and his hein, executors. ~ ~,im~nistrators, wco?sson and as~igns. forc~~.s. ~t~~rtgagor also :usigns to ~lorlga~~c all rcnts. is,urc and protits uf s:iid premices, resrrving the right to collect arn1 use the sart~, with or without takin6 p,~,kssion of thc prcmi~es, during rontinuann of Jefault hcnunder, arxi during continuanrr of wch default authorizing ~fortgagee to enter upon said premises ,n~'.,r collert and rnfun-~ thr same withuut rr~tarJ to adeyuacy of any srruriry for the indebtedness hereby se~~ured by any laxful mtans includin~ ippointment of a rcceivrr in the name of any parly~ hcrctu, rnd tu apply thr sarne kss rosts and e~penses o( operation and colkction, including reasonable .,;t~~rncy's fees, upon any inJebtednes~ xcund hrreby. in wch order as ilfort~ag~~r may determinr. 1(lR THE PURPOSE OF SECURING: (1) Performance of each agreement of 1?lortgagor contained herein; (2) Payment of the principal wm of j zrj~Q~OQ with interest, u provided in accordance with the terms and provisions of a Promissory Note/Loan Agreement (hereinafter eeferred to as Prumissory 13ote') dated , maturity date 7«7 7~'~'r , and payable to the order of Mortaagee, «hich Promissory Note reference is hereby made; (3) Payment oC any additional advances, not in a principal wm in excess of S intcrest thereon, u may hereafter be loaned by l?fortgagee or the then holder of his Mortgage to MortgaEor, each and every advance to be evidenced by the 4'rumissory Note of Mortgagor in the amount of the advance; (4) The payment of any money that may be advanced by the Mortg~gee to Mortgagor for any rr~son or to third parties where the amounts ue advanced to protect the security or in accordana with the covenants of this Mortgage. ~Ii paymenis made by Aiortgagor on the obliEation secumd by this ~?lortgage shall be applied in the following order t-IRST: To the payment of taxes and assessments that may be kvied and assessed agtinst said premises, insurance premiums, repairs, and all other chuges snd expenses agreed to be paid by the bfortgagor. SECOf:D: To the payment of interest due on said loan. iHl RD: To the payment of principal.. ~ - ~ f(~ PRnTECI' THI? SECURITY HFREOI, ~10RTGAGOR COVt.`A~TS A\D AGRI•ES: 11)To krep said prrmix+ mwr~d ag:+~mt fit~ and wrh uthet ~ : i~ualties as the Mortgagre may specify. up to the lull value uf alf improvements fur the protection of ~torig.?ger in wrh manner. in wch amount+. :+nd ~n wch .~~mpanies u 1?tottgager may from time to time approve, and to krep lhr poliri~:s thrrefur, ptoprrly cndorsrd. un 3r~w~i1 with ~tortg~er_ and ~h:~t loss ~~r+~~eeds (kss expenses of collection) shall, at ~tortgagee's option, br apQl~rd on saW indebtedness, whether due or not or to the rr.toratiun of uid ~ ~;nprovements. In event of loss Alortgagor w•ill gi~e immediate noticr by mail to the ~lortgagre who may mrl:r pr~wf of locs if not madr prompdy by ~f~~rtgagor, and each insuran~Y cornpany concerned is hereby aulhonzed anJ J~rcctrd to mrke pa~ment fm wrh lois Jirrrtl~• to 1lortgagrc instexf of ~lurtgagor. (2) To pay all taxes and s{xcial asseuments of any kind thal have been or may be kr•ieJ or a~secsrd upun >aid prcmices, or any~ put thrrrof. 13) !n ~ ~h~ ~vent of delault by Afort or undet Par ra hs 1 or 2 above, \tort ~e, at its o tion 1Khrther rlecti to declasr 1hr whok inJebteJne+s se.urrd herrby 8~8 ~B _ P g~ ~ P ~ ,iu~ and cullectible ot not), may (a) effect the msurance above provicied for and pay the reasonabte prrmwm~ aeHl chargrc thrrefor. 1b1 pay all sail t3~rs arni ~~xs~ments w•ithout determining the valid~ty thrreof, and Irl pay wrh licns and all wch disbutscments +hall tx dr~m~d a part of ~F?c ~ndrbt~dnes. crcured by !h~. ~tortgage and shall be immediately due and payable by lfortga~or to ~tottgager. 141 To keep tht buildmgs :~nd olhrr improvemcnt. now ot hereafter rr~ted in good condition and repair, not to commit or ~uffer any µaste or any u~r of said prem~.rs contrary~ to rzttrirtion ur re~ord ar rontrar}~ to law.. ~~rdmances or reaulatiorts of ptopet pubtic authority, and to pcrmit 1lortga~ee to enter at all reawnable times for the purpose of inepectin~ the prcmuec. not c~~ rrrtwve ot demolish any bwldtn1C thereon: to c:ompiete w~ithin Onr Nundred EiEhty 1160) Uays or re.tore promptl~~ and in a goud and aorkmanld:e mannet sny buildina which~may be constructed, damaged ot desuoyed thereon and to pay, Mbeo due, all ciaims for W~or performed and m~tenal fumishrd therctor. ~ That the time of paymcnt of tfie indebiedness hereby secured, or of srry• portion thereof, msy be e~tendM or renewYd and any portans o[ the prrmises t erein described may, v?~thout notice, be released itom the lieo hereo(, xithout releasing or affecting the persuoal l~abilit)• of an~• perwn or ror{wration for the , ay ment of said indebtedness or the lien of this insttumcnt upon the remaindet of said premices for the full amount of saiJ indebtednecs then rema~n~ng unpaid, and no change m the ovmership of said premises shall tekase. redure or otherwise affect any such perwnal liability an thr lien hereby rreated_ 161 IF32 he is seized of the premises in fee simple and has good and lawful riitht to convey the same: and that he ua.~S IKtfb)' ~UftYt~ K~7(flfll Jlld MtII ~O~CYCi J~fend the title and possession thereof a~ainxt the lawful claims of any and all pctsons whatscever. 09-0~75 (6-77~ FL BOQI~~ ~~V~ ~i~ . - - - _ . . - g ~ . . . - ~ , „a . - ~.T Y.f'`~"'~_ ~ &'°"Ri.~•r ' ~ ' " ' ~k`.R.~-;.;h• ` _ J` . ` m_ .e.Y v . ~rz ~.~....__~~.~_~s.^`~.` s , _ n