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3~~.~ c MORTGAG~E: ~
iV~ ; - ~ ~a~~Financial Sorvices of
l1AORTGAGE DEED
Nol?vwood, Florida Inc.
,AM~ ~~AST IM111AL 5o0Y![~S M1M( 2502 South Federal Highw~y
i KON~tER KEMJE'TH 0. CAROL A. Fort Pierce , F~~~,~
ih~t ~fott~gu`uC~ey gtants. b.vgains, assigns, and ~wnrr~•s unto Nurtgag~. th~ folluNing d~unlxvi real cs~atr in thr County of
50.1AL L , St~te ol t~lori~ia, to wit:
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Lots 4~ 5, Block 167~ Lakeuood Park Subdiv3.sio~1~~ IInit ~12-A as~per plat
thereof on file in Pla~ Book 11 at page 35 of the`public records of Saint
Lucie County~ Florida. /30~ - G/S
- 600.~
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Sub3ect to reservations~ restrictiona~ easements and rights-of-~ray of r@cord. :
AND FURTI~t SUBJDCT to that certain mortgage from the grantors to First Federal •
Savings & l,oan Association dated 1/23/?3~ re~orded 1/21,~73 in O.R. Book 210 at
page 1006 in the original principa]. amount of ~19s~•~i W~ch mortgage and the -
debt secured thereby grantees express]y assume ar:d agres to pay.
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t~~,~•th~r with all buiiJings and improvrmcnts nuw• or IICR:i~IC~ CMCIC~I thercon and all screens, shades, storm sash and blincis, and heating, 6ghting, plumbing,
_1~. ~kctric, ventilating, rcCrigcrating anJ air-cundrtiumne cyuipment usrd in cunnection therew•ith, all of which, [or the purpose of this mottgage, shall be
.trrmed li~tures and ~ubject to the lien hercof, and thr hered~tam~nts arni appurtcnances pertaining to the property above described. all of which is referred to
f r~ inaftcr as thc "pmmices" ~
~ 1(~ il 1~'F: A\D TO HOLU sai.1 land ~nJ prcmisrs. wrth all thr riKht., privikgr. and appurten:u~ces thereto belonging. unto mortgagee and his heirs, ececuton. ~
i „_iministraturs, wcclswrs and aUigns. forcver. _
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~ ~f:~rt,_~eur also assi~tns to \tort~:agre all rrnts. iswr+ and protits of wid prcmi~es, rcxrving the right to colkct and use the same, N~ith or without taking r~
E ,~.~..~..ion of the pnmixs. duting continuaniY of drfault hrtcunder, and during continuan~~e of wch defaull authorizing Mortgagae to enter upon said premises
3 ~n;i nr colkrl and rnforcr the ~rmc without regarJ to adryu•rr}- of any serurity for the inJrbtedneu hereby serured by any law~ful means including ~
R s,~p~~intmrnt of a rcceiver in thr ~ame uf ~ny part~• hrrctu, ~nd to apply the sune kss rosls and expenses of opentiun and co{lection, including reasonabte ~
~ ~t+.,~m~~~~'s fecs, upon any~ iodrbtedncss xrurcd hereby. in wch urder a~ :?lurt~er may determine.
~ ~ UR TNE PURPOSE OF SECUR1NGc (1) PerCormance of each agreemcnt of llfortgagor contained herein; (2) Payment of the principal wm of ~
~ z5~.~ wnh interat, u ptovided in accordance with the terms and provisions of a Promissory Note~Loan Agreement (hereinatter ieferned to u ~
~ Promissory Note") dated , maturity date , and payabk to the order of Mortgagee, ~
~ c~: ~thich Promiuory Note referena is hercby made; (3) Payment uf any addiGonal advances, not in a Principal wm in excess o[ S 25~.~ p+~th ~
~rc~ rect thereon, u may hereafter be loaned by Mortga~ce or the then holder of his Mortgage to Mortgagor, each and every advana to be evidenced by the
Pr,~miswry Note of Mortgagor in the amount of the advance; (4) 7'he payment of any money that may be advanced by the Mortgagce to Atortgagor for any ;
~ resu~n ot to third parties whete the unounts are advanced to protect the security or in accordana with the covenants a[ ihis Mortgage. ~
~ i!1 payments made by Afortgagor on the obli~tion secured by this Mortgage shall be applied in the following order: ;
I IRST: To lhe payment of taxa and assessments that may be kried and assessed against said premises, insurance premiums, repairs, and all other chuges ;
~ ~n,i expenses agreed to be paid by the Mottgagot. ;
~ SF.COND: To the payment of interest due on said loan. •
iti1RD: To the payment of principaf. '
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~ I+; }'RnTECf THE SECURITY NE.RF.Oi~, MURTGACAR CO~'I.NANTS A\D AGR!{f•:S: 11)To krcp ~-rid prrmi.c. inwrcd agamst titr and wch other ~
..,.ualties as the ~lortpagee may sp~rify, up to the full valur of all improvemrnt, fur the protrctiun of ~turtgagrr in wrh mann.r. in such :+mount.. and ~n wch
7 ~~rnpanies as Atottgagee may ftom Ume to time approve, and to keep thr polickx therefor, properly endorxd, on drpos~t with ~1ort~agce. and th~t loss j
~ ,~~~~~~~ds (ku expenses of collection) shall, at Alottgagee's option, be applied on said indebtrdness, whethrr Jue or nut or to the rc.turation of said ~
;k :,~~~ruvements. In rvent of loss titortgagor will give immediate notirr by mail to the \tortgagee w•ho may malce pnx.f ~f bcc iC not made promptly by
~ ~t,.rt~agor, and rarh inwrance company conixrneJ is herrby authoiized and Jitect~J to make pa}•ment (or surh lo~+ dirrrU~• to ~lortgagee in~te:nf of ~
~ ~~~~rtzagor. (2) To pay all taxes and s~cial assessments of any kinJ that have txen or may be IevicJ or assr.srd upon suici premises, ur an~ part thrreof. 13) In
~F;~ evrnt of default by liottgagor under Paragnphs 1 or ~ abore, ;lturtgager, at its opliun Iw~hether rkcting to Jeclarr thr whole indebtrJness srcurcd hereby
~ i;; and collectibk or not), may (a) effect the~ inwrance above providrJ for and pay the reasonable premium~ and chargrs thrrefor. (b) pa~~ all taKi ta~rc and
~ _..ments without detetminina the valid~ty thereof, and Icl pay such lirm and all so.h d~sbutsements .hall t+~ dermed a part uf the indehtrJm•ss .c~ured by ~
~ !i':~. >tortgage and shall be immediately due and payabk by Mort~ot to )lortp,agee. (4? To keep tlx buildings and othc~ improv~mrnt. nov?• or herrafter ~
•:~ted in good condition and repair, not to commU or wffer any waste or :+n~ u~ of wid prem~sxs rontran• lo rectrirtian or recotJ or ~ontran~ to lawc,
,~rJrn.?nces or reaulations of Proper public authority, u~d to permit Mort~~e to enter at all reaconabte times for the purpoce of in~prcting the prem~se~, not ~
t_~ remove ot demofish any building thereon; to cumplete within One Hundred Ei~hty (180) Uays or restor~ prompUy and in a good and Workm~n6ke mannet !
building which may be consttucted, damaged or destroyed thereon and to pay. wtien due, all claims for latwr petformed and maleml furniched therefor_ ~
~ ~ That the time of payment of tM indebtedncss hercby secured, or of any portion thereof, may bc extended or renewrd and any poriions of the prrmises ;
~ r~ in described may, w~ithout notice, be rckased itom the lien heteof, w-ithout releasing ot affecting the perwnal liahility of any prrwn or corpontion for the
~ ment of said indebtedness or the lien of this instrument upon the rrmainder of stid premises for the fuA amount of said indebtrdnea tMn remaming '
;npaid, and no changt in the ownership of said premises shall release, reduce or otMrwise alTect any- wch prtsonal liab~lity on the lien hereby ettated. 161
(hat he is seized of the prcmises in fee simpk and has good an~l lawful riFht to convty the samr; anJ that hr Jors hrrcby forr~er wurant anJ will forcver
~ 'rfend the titk and possession thereof against the lawful claims of any and all persons whatsoever.
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~ 04-0475 (i'7~I Fl 800K2J~7 PACE16~8 1~ ~
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