HomeMy WebLinkAbout1143 MORTGAGEE:
MORTGAGE OEED ' Avc nanc vic~s o£
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l~!• Y~M~ /IAST IM1t1~t S~OYS[~! MAM[
Thomr:s Gero~e L. Lois Fort P3orce , Fw~~~ ~
That Mot r h~^•by gnnts. bar~ains. auigns. and conv~ys unto Mortgagee. the ~ Q~s~jbed rcal rstat~ in Ihe ('ounty of
S!L3nt~uC3O . State of Florida: to~t:~`~# °
Lot 275, Sher~ton Plnza~ TJnit FotL~i Replot~ nccordtn~ tartbe;pl~t
whc~reof ~s recordeci in Plat Book 16i P~~c~ 1~3 of the Pttblic R~cords
of St. L+.~cie Cou.rtyi FZorida. / y~a , dd r~? ~3~ V~/~J
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To~ether ~~ith tho folla~~ r.~ iter~~ of proper+..y Whieh are lo~t~ci
in ar.~ ~r~ner_tly instu?
led r s pnrt of the ir~~ rove~±er_ts on ~~i?? ~^.~?d.
Rn~e: Co?i~b~.~s :.odel 31f6(c^ri^1 ;',`5212~?)
Rr,n~e ?~oa~: '~ii~.*~i Corsf~ t~o~el 3730
Sp~ce KeatQri Foruairs~ raodel l~65F
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tugett~r with all buikiings and improrrments nua• ur hrreafter erccted thereon and all screens, shades, storm suh and blinds, and heating. lightitg, plumbitts,
gss, ekctric, v~ntilating, refrigerating and airtunditiuning eyuipmrnt us~tii in oonnrction thercwith, all of which, for the purpose of this mortgage, shall be
~eemed fixtures and subject to thc lien hrreof, and thc hen~ditaments arxi appurtenances pertainir~g to the property above dexribed, all o( which is ceferred to
hcrcinafte~ u the "prcmises'
i0 HAVE AND TO HOLU s~id land and prcmixs. with ali thc rights, privik~es and appurtenances thercto belonging, unto mortgagce and his h.in, executon,
administntors, successors and auigns_ forrver.
j ~turtgagor aLco auigns to 111ottg-rgr~ al! rents. iswrc and profits of said prrmises, resening the right to eolk~t ahd use the same, w~ith or without taking
nu~session of the pt~misrs, during runtinuan~r of drfault hereunder, anJ during continuance of wch default authorizing Mongagee to enter upon said ptemises
I and(or colkct and enforce thr same eithout trgard tu adequacy of any srcurity for the indebtedness hereby secured by any law~ful means includi~g
~ appoiniment- of a teceiver in thc name of :my party hrrctu, and to apply the sune kss ~mts and e~penses of opention and colkction, itkluding reawnabk
~ atterney's Cres, upon any indrbtrdness srcured herrby, in wch order as !1lortg:~re may determine.
FOR 1'HE Pl3RPOSE OF SECl1RING: (l> PerCormance of each agroement _of Mortgagor contained herein; (2) Payment of the principal wm of
S :?5~0.~ with interat, as ptorided in accotdu~ce with the terms and ptovisions f a omissory Note/Loan Agreement (hereinafter referred to u
"Promiswry Note'7 dated ?f
21~75 , maturity date g~01~ ~ , and payable to the order of Mortgagee,
f to which Promissory Note ~eference is hereby m~e; (3) Payment of any additional advanas, not in a principal wm in excess of S with
intercst thereon, u may hereatter be loaned by Mortgagee or the thcn holder of his Modgaae to MortEagor, exh and every adr~nce to be evidenad by the
Prumissory Note of Mortgagor in the amount of the advance; (4) The payment of any money that may be advanced by the Mortgagee to Mottgagor for any
reasr~n or to third parties where the amounts are advanced to protect the security or in aaordance with the rnrenants of this Mortgage.
:VI payments made by Mortgagor on the obligation secured by this Mongage shall be applied in the followins order.
( FIRST: To the payment of taxes and assessments that may be levied and assesse~ agtinst said premises, insurance premiums, npairs, and all other charges
~ ~nd expenses a~treed to be paid by the Mortgagor.
SECOND: To tha payment of interest due on stid loan.
~ THIRD: To the payment of principal.
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' TO PR(1TECT TNE SECURITY NEREOr, MORTGAGOR COYI.\ANTS A\D AGRFI:S: 11)To krep ~aid prcmisrs inwrrJ altamit firr anJ surh other
; ;asualties u the Mortgagee may specify, up to the full value of all improvements fur the protection of ~lortgagee in surh mannet. in wch amount+, and in wch
~ ~ompanies u Mortgagee may from time to time approve, and to krep the policKS therefor, propedy cndorsrd, un deposit with ~tortgagre. am1 that lou
~ prcxeeds (kss expenses of coUection) shaU, at Atottgagre i option, tx applird un said indebtedness, w•hethcr due or not or to the tcstoration of said
! irnprovemenis_ In event of bss Mortgagor w•ip gir~e immediate notic~ by mail to thc !1lurtgagec who m~y mak~ proof of losc if not made prompUy by f
i ~lurtga6or, and each insunnce company concemed is hereby authorized and Jirecled to make pa~~mrnt fur wrh loss JirerUq to \tortgagrr in.trad of ~
~tortg~or. (2) To pay all taxes and spccial asseuments of any kind that have been or may br kv~d or assesxd upon wid premises, ot any part theteof. 13) In
I th~ event. of default by Mortgagor under Puagnphs 1 or 2 above, ~turtgagee, at its option (whrther rkcting to declare the whole indebtednrss secured hereby
F ~ue and collectibk or not), may (a) effect the inwrance above provided for and pay the reasonable premiums ~rxi charges therefor. (b) pa)~ al) said ta~es and
f .,.,essments whthout determinina the validity thereof, and (c) pay such liens and all wch disbursements shall t?e dermrd a part of the indrbtrdm•u cr~ured by ~
ihis ~fortgage and shall be immediately duc and payabk by Mortgagor to ~lortp,~gee. (4) To keep the buildings and othrr impro.ement~ noa or hereafter
~ ~•reited in good condition and repair, not to commit or suffer any waste or any use of said premic~. contran• to restriction or rcrord or .ontrar3 to la~~s,
F ordinattces or cegutatans of proper pubtic authority, and to petmit Mortga~eer to rnter at all reawrubk times for the purpose of ~nspectinF the premues, not
E t~ remove or demolish any buildinE thereon; to compkte witbin One Hundred Ei~Dly (180) Days or ce~tore promptly and in a good and wurlcm~nl~ke manner
~ any twildina ~rrhjch may be constructed, dama~d or destroyed thercon and to pay, when due, aIl claims fot tabor performed and material furniched thercfor.
i 5~ That the dme of payment of the indebtedness hereby securcd, or ot an7- portion ihereof, may be ettended or renewed and any portions of the premixs
~ h~rcin described may, without notice, be rekased from the lien hereof, without releasing or afCecting thr personal liability of any perwn or rurporotion for the
~ payment of said indebtedness or tht lien of this instrument upon the remainder of said premises for the full amount of srid indebtedness then remaining
j unpaid, and no chan6e in the ownenhip of said premises shall release, reduce or otherwise affect any such perwnal liability on the lien hereby crcatrd_ (6)
` That he is seized of the premises in fee simple and has good anJ lawful right to .~onrey the same; anJ that Ix dces hereby futever v?urant and will forerer
~ defend the titk and possession thereof against the lawful claims of any and all person~w~atsoever.
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! 09-0475 (6-73~ il
' eooK242 Pa~F1144
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