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MORTGAGEE:
MORTGAGE OEED .'.vcc~ !'inar,cin~ er~-icc^ of
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',P.I~! ?tICTiARD F. ~l'TTY A. Fort Pi ~ rce ~
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i hat l~lortga~
or hercby , g~ants. bugains.' ,asv~Tns. and ronveys unto ~fottgagee, the folluwirtg drsrribcd rcal cstate in ihr Cuunty of
?'l~ri+ LL1CfQ , State o( FlutiJa, tu wit:
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Lot 9~ Rlk a51~ Port at. Lucici Sectian Fo+.Lr~ ~ccor~~~r.~ ±o ~
±he pl~t +hereof~ as rccor~iAd {n P1Pt ~a~'.~ 12, o~~~ 1~': ~
.thru 1~ G of the P~:bLic ~CCOI`!~4 ~f ~t. ~ucie Co.Lnt ~ Flori~^.
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t~~_<<hrr with all buiWings and imprur•rmcnts nwv or hereafter crcrted themon anJ all screens, shades, storm suh and blinds, and heati~. lighting, plumbing,
; =e.. ~krtric, ventilating, rcGigurating :+nJ air-~onditioning eyuipment us~til in cunnection therewith, all of which, for the purpose of ihis mortgage, shat! be
;ir~ med iixtures and wbject tu th~ fien hereof, -rnd the h~r~Jitaments and appurtenan~r~s pertaining to the property above described, all of which is reCerred to
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~ h.ninaftcr u the "pr~mises" '
j It) (1:1\'E AVD TO IIOLU saiJ land and prcmisr.. ~vith all thr right., privikge~ and appurtenanrrs thereto belonging, unto mortgagee and his hein, executon. ~
~ ~drninislraton, wcceswrs anJ :t?signs_ forcver.
~ ~turt~agor alu. avigns to 1lorte~re dtl rrnts. isw~c and profits of said prcmises, rcserving the right to rollert and usr the same, with or without taki~
$ E.,~.,~.~ion uf the premixs. during continuan~r of dctault hcrtundrr, arxl durin~ .~ntinuan~Y of wrh default authorizing ~fortgagee to enter upon said premises
~ ~nJ ur colti~ct and rnfont thr umr withuut rrgard to aJeyuar~~ of -rny sr~urit~ fot the indebtedness hereby secured by any law•ful means including
~ .,E~p.untmcnt uf a rc~rivrr in the n;unr uf •rny party h~rcto, and to apply the s:une kss costs and exp~nses of operalion and culkction, including teasonabk
~tt.:rnry's fitic. upon any indcbtrdr?r~c Kcurcd hereby. in such orJer :+s ~lortgagee may determinr.
EOR THE PURPOSE OF SECURING: (1) Performance of each agreement of Murtgagor contained herein: (2) Payment of the principal sum of ~
~ ~`~ry?
_ with interest, as rovided in accordance with the ternts and provisions of a Promissory Note(Loan Agreement (hereinafter referred to u
E ~ Yromissory Note°) dated Q~~S , maturity date , and payabk to the order of lfortgagee.
s c~~ ~~hich Promissory Note refemnce is hercby made; (3) Payment of any additional advances, not in a principal sum in exceu of S 1'71(~~7~, vaith
inter~st thereon, u may hereafter be Iwned by Mortgaboe or the then hoWer of his I?fortgage to Mortgagor, exh and every advance to be evidenced by the
f'rumissory Note of Mortgagor in the amount of the advan~~e; (4) The payment of any money that may be advanced by the Mortgagee to Mortgagor for any
r~ ax~n or to third parties where the amounts are advanced to protect the security or in accordance with the covenants of this Mortgage.
!11 payments made by Mortgagor on the obli~tion sewred by this Afurtgage chali be applied in the following order.
F•IRST: To ihe payment of taxes and ass~ssments that may be levied and assessed against said pmmises, insurance premiums, cepairs, and all other charges
~ .=nJ erpenses agreed to be paid by the Mortgagor.
~ SECOND: To tha payment of interest due on said loan.
THIRD: To the payment of principal.
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Iu PR(1TF:C'f THE SECURITY HF.REO{-. NORTGAGOR (~O~"1.`A?vTS AND AGRI~k:S: 11)7o k~rp ~aid prcmi.~. insurcJ :~aimt firc ~nd ,uch other
~ ~.;.ualties as the Mortg~gc~ may s~+a.~cify, up to the full value of all improvementc for thr prutrction of \tortg:~re in .urh mann.r. in .urh amount., and in such
~i _~~r~ipanies as :11or1~ may from time to time approvr, anJ to keep the polirks therefor, Qroperly- endursed. on drposit with ~lortg~«, artd that loss
~ F~r,~_eeds (kss exp~:nses of collection) shall, at ~tortgagrr's opiion, be applied on said indebtedness, Hheth~r dur or not ur to the recturation of said
~ :rnF n~vrments. In event of lou 1lortgagor will ~ve immeJiate notice by maii to the ~tortgagrr who may mxkr pnwf of loz. if not m:xie prompUy by
~ `d~~rt~agor, and each inwrance company con~-~mrJ is hcreby authorizrd and direrted to make pa~menl for wch lo~~ directly tu ~lortgagee in~trad of
V~~~t~:agor. (2?To pay al! ta~es and sperial assessmeots of any kinJ that have bern ut may trr kvird or assrix~l upu~ saiJ premixs. or any part therrof. 13) In
ihc ~vent of default by :Nottgagor under Paragraphs 1 ur 2 abo~e. ~tortgagre, at it~ optiun (whethet rlrcting to declare the W~hole indebtcdness securcd hereby
!~_i~• snd colkctible or not), may (a) zffect the insuran~-~ abuve proviJed fur anJ pay the reasonable premiums and .harges therefor. Ibl pr}' all ~ai3. ta~r. and
:~.~..ments withuut determining the ~alidity therrot, and (rl pa~• wch liens and all such disbursement. shall br dr~mrd a p~rt of lhr ~ndebtrdm•c. ucured by
ci:i, ~tortgage and shall be immediately due and payable by ~tortga~or to ~furtgagee. 141 To kecp the buildin¢s and other impro~•rment. nuW or hrreafter
~ _r,~t~d in good condition and repair, not to comm~t or suffer any Wa.te or rny ust of v~d ptrmi.•:. rontran~ to re<triction or re:ord or rontran• to law-c,
~ ~~rdmances or re~[ulations ot propet pub6c authority', and to petrnit 11ort~ee to rntet at all rca~nable hmr~ far tt~ purpoce uf incpecling the prem~.cec, not
~ remove w deuwlish any buildit~ thereon; to complete within One Hundred Ei~Cht~ 1180? Uays or resture promptly- and in a gcwd and workmenhke manner ~
en~ buildin6 w~hich may be conswcted, dartuged or desUoyed theteon and to pay, M-hen due, a0 ~laim~ for labor perfotmed and matenal fumiched therefor. ~
i That the time of payment oi tfie indebtedness heteby secured, or of any portron thenof, may tx extended or renew•ed and any portionc of Ihe premisex
~ !:.r.~n described may, without notice, be rrkased itom the Ikn herrof, without releasing or afferUng the personal liability of ~n~ person or curporatiun for lhe ;
ment af said indebtedness or the lien of this instrument upon the remainder of said prrmiscs for the full amount of s~iJ indebtedneu then remaining
~np~id, and no change in tfK ownership of uid prcmises shall rclease, raduce or otherwise affect ~ny such personal liability on thr fien hercby created. 16) ~
~ Ih3t he ~s seized of the premises in fee simple and has 6ood arni lawful right to ronrey thr ume: anJ that hc Jor. fxreby furaver wurant and.will furcmr
lefend the titk and possession thercof against the lawful claimx of any and all pcrsons whatsocver. ~
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