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Home My WebLink About0854 ~t ~ MORTGAGEE: ~ 4~'~ r ~..wA W T~r~A~ ~1 Qs7~tI~ PAA AP MORTGAGE DEED ~ ~ ~ ~ ~ Hol~ ,,,.,a p, a. tnQ_ ~rn~~t a~ous~•s r~Nt ' Z5Q2 ~L~ FAdA~-~ H~ 8'~ lAlt MAY[ /1A3~ • Fer Pi w e Florida That l~tortp~or AeKbr grants. barpins. aui~ns. and vo~reys unto Mortaa6ae. /he foUowia6 described real estate in the County oi ,~~t. L1101A State o( Fbtida, to wit: _ ' !C jp',k,~=t _ Lot 21., 25, and 26, B1oak 14 of Indian Rivs~c Sstatea, IInit Tbres~-aacording - to the PZat thereo! ~a recorded in Plat Book 10i-Pegs.4? o= ~.~~a Reaords of 3t~ Luoie County~ Florida. . . - _ , . Sub~evt to aomrenante, restrictions and eaeeaenta of rsoordt aoning and other regulatory ordine~noea. _ ~ ;)OC STA2~S ~1RE AFFIXED TO QRIGIhAL PR~ffSSORY NOTE ~ 3'' ~ ~ z~ ~j ~ ~ ~ »n. °,?r~ o~ ~ q~` n, o~ ~ ~ ~ ca a~ -~~,~'v' ~ - ~ ~ together witt~ aU buildings and impror~ements now or hereafter erectcd thereon and all scteens, shades, storm suh and biinds, and heating, liahti~, Plumbins, f ~e ~ ;as, ekctric, ventilating,. refri6enting and air-conditioning equipment used in connection therewith, all of which. for the purpose of this mortgase. shall be dcrmed fixtuees and wbject to thc lien hereoi, and the hereditaments and appurtenances perttinir~ to the ptoperty abore descnTxd. a~ of which is re[erted to ~ hereinafter u the "premises" ~O HAYE AND TO HOLD said land and premises. with all the rights. Pri+'~kBes and aPpurtertances thereto belongina, unto mortgasee and his heirs, executon, administntors, successors and auibns. forercr. ~fortgagor also assigns tu Mortgagee all rents, iswes and profits of said premisos. reserving the ri6ht to collect and use the sune. w'~~h or without taking pu.session of the premises, during continuance of default hereunder, and during continuance o[ wch default authorizing Mortgagee to enter upon said Premises endlor collect and enforce the same w~ithout rrguJ to adequacy of any security for the indebtedness hereby secuced bY anY lawful meaas inctudina arpointment of a receiver in the name of any puty he~to, and to apply the same less costs and expenses of operation and mUection, inc~ud~nE rr+sonable .~!rorney's fees, upon any indebtedness secured hereby, in such order as Mortgagee may determine. tOR THE PURPOSE OF SECUR[NG: (1) Pedormana of rach ~grcement of Mortg,agor contained herein; (2) PaYment o[ the prineipal sum of S 21~j,82 with interat, as Provided in xcordance with the terms aad prmisions of a PromissocY NoteJLoan A~eement (t~eceinatter refeceed to u ,:Promissory Note'1 dated n~,~T,~(~ maturitY date 11 /1 /'79 . and payabk to the order of Mort~ee. cu which Promisso~y Note ieference is hereby made; (3) Paymeat of any additiooal advanoa, not ia a principal wm in excess of 5~~~• ga ;nterest thereon, as maY hecrafur be loaned by Mortga~oe or the then holder of his Mort~e to Mort~or, each and everY advance to be eridenced by the Promissory Nou of Nort~or in !he amount of the advana; (4) The payment of any money that may be advanced bY ~I~e Mart~aEa to Mort6a6or for any reason or to third puties w~here th~ ~mou~u are s~`~~ to protect the security or in accordana with the covenants af this Mortpge. . ;~ll payments made by Mortpsor on the obli~tion aecured by this Moetga~e sha~l be aPplied in th~ followina order: F1RST: • To the payment of taxa and auasments that may be kvied and uxssed a~nst said piemises, inwrance p~emiums, npairs, and all other chuga and expenses a~reed to be paid by the Mort~or. , SECOND: To tl~e paYment of interest due on said ban. T}flRD: To the payment of principal- ~ i0 PRnl'ECT THE SECURI7'Y HEREOF, MORTGAGOR COVE~3ANTS AND AGRf.ES: (l)To keep saiJ premiu~s inwred a~uinst fire and wch other ~a.ualties as the Alortga6ee maY specitY. up to the full value of all improvements for the protection of MortgaEee m such manner. in wch amounts. and in wch ~ompanies u Mortg~x may from time to time approve. and to keep the policies therofor, properiy endors~:d, on deposit with Atortgagee. and that ~ou proceeds (less expenses o[ colkction) slull, at Mortgagee'a option, b~ applied on said indebtedneu, whether due ot ~t or to the restontion of said ~mprovements. tn event of loss Mortgagor wil! gire unmediate notia by mail to the Mortgagee who may make proof of loss it not made promptly by ~!ortgaEor, and euh insurance company conamed ic t~ereby authorized and directed to make payment for ~surh loss direcUy to Nort~gee instead of )fortgagor. (2) To pay ali taxes and sPecial assessments of any kind that hare bcen or may be k~vied or assessed upon said premises, or any part ihtreof. (3) In the event ot default by Nortga~or under Paragrapbs 1 0[ 2 above. Mortgaaet. at its optan (whether ekctir~ to declare the whok indebtedness secured hereby ~1ue and c:ollectibk or not), may (a) effect the inwnnce above provided for and pay the reuonabk Premiums and charges therefor, (b) pay all said taxes and .,:sessments without determinins the validity thereof, and (c) pay wch tiens and atl wch d'ubursements shall be deemed a put o( the indebtedneu secured by !his Mori6ase and shaU be immediatety due and payabk by Mortgagor to Mortgagee. (4) To keep tM buildings and other improvements noK or hrreafter erected in ~tood condition and reptir, not to eommit or wffer any wute or any ust of said ptemises rontrary to restriction or record or contnry to liws, crdinances or reEulations of pro~er public authority. and tope rmit lNort6aEee to eater at atl Rasonabk tanes foc the p~rpose of inspectina the prcmues, not to remore or demo4sh auY butWinE thereon; to cotvpkte within Q~x Hundred Ei~hty (180) Qays or restore praaptly and in a good and w~ortmanhice maaner u any buildin6 which may be constructed, dlSnaged or destmyed thereon ud to pay. w~hen due, all ctaims fot labor pedormed and matenal furnished there or. That the time of payment of the indebtedness herebfr securod. or of any poction thereof, may be extrnded or renewed ind mY P~*~pns of ~he premises herein described may, without notice, be tekased from the lien hereof, without releasing or affecting the persona! IiabiGty of any person or corpotation for the payment o[ said 'mdebtedness or the lien of this instiument upon the rcmainder of said premises for the full amount of said indebtedness then remaining unpaid, and no char+~e in the m~nietship of said premises sha11 cekase. redua or othervvise atYect any wch persornl Itabitiry on the tien hercby created. (6) That he is seized of the prom~ses in fce ~mpk and hu 6ood and lawful ri~ht to convey the sart~e; and that he does hereby fomer wunnt and will forerer defend the titk and possession thereof aEainst the lawful claims of any and aU penons whatsoerer. 09-0~75 ~i-7~)'L df~t ~ f AIIC ~ -~.~x x~;~' , ~~~~~~Au ~ ~ _ ~m-_ _ ~s -s~~~~:`~'^~'g~`.~~...,_ . _ _ ~