HomeMy WebLinkAbout0593 ~ MORTGAGEE: _
MORTQA~iE DEE~ ~ ~ ~ , Avco; ~'#~nc~.al ~rvicea of
s~ Hol]~n+oodJ Florida Inc.
~ASi Y~4~ /IAfT ~M~r~~_ s?ovsrs M~ws P~O.- Aox 4311 ~ .
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PcxJRTi. _ . FRAI~KI~ZN D, RITA NELL _ . _ _ .J Fort Pierce _ . Fti.:~
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That Mort~or hecobY ~aats. bartain~. assi~n~, and oonreys unto Mort~~ce. tbe [oibwinf de.saibed rai' atate in the County o[
`'~tint Lucie . saa or Fbrids, w wit:
c;~f
o~-/- (R~ ~ ~~~y ~
~.11 of lot 18 a~rul the 2~orth 21.3 feet of lot 1?i B7.ock 2~
Florence M. ~i~tcher Subdivision~ accord3ng to t,ho Plat ~
~tn~x~af as recr~~~t1 in Plat acx~i~ 10~ l~z~a ? of `~t[a Fut~l.ic .
. Recorda of St. L•uc3.e County~ Florida. -
S~b~ect to zon3ng and other re~ulatozy ordinances.
S~a.b~ect to mort;a~a in the originnl princ~.pal amount of -
.~12~000.00 to S~.ui Bcink of St. Lucie County uhich the . -
grantees saswne and a~ree to pqy. -
DQC ST~stsII'S ARE 21I~'FIXED TO ORIGIP;~L PFiOAiIS90RY NO'1'~
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tugether with alt buildings and improvements now or hemdter erecled ihereon and all scroens, shades, stoim sash and Muds. and Ueatin6. lishtie6, Plumbina.
eas, ekctric. ventilaw~, a[ri6enw~t and air-condition~ equp>ment used in connection therewith, aU of which, for,t(~e purpose o[ this mort~e. shaU be
deemed futures aad wbjoct to tde lien hereof, and the hereditameats and appuctenanas pertainit~ to the Qcoperty abore a11 of wbid~ is reterred to
hereinafter u the ••pnemises» - .
70 HAVE AND TO HOLD said land and premises, with all the riahts, privileges and appurtenances thereto belonging, unto mort~ee and his han. exautors.
administratocs, wooesson and assigns. forcrCr.
~tortgagor also assians to lllort~agee all rents, iswes and profits of said premises, resetri~ the ri6ht to colkct and use the ssme, with or w~ithout takins
possession of the premises, durinE oontinuanue of default henunder, and durinE oontinuance of wch defwlt wthorisin6 Nortgsgee to enter upon said premises -
i ar?~/or oopect and,enforce the same without regud to adequacy oC any sewrity tor the indebtedness hereby secuted by any lawful means inclodit~
' appointment of a reccirer in the n~ne o[ any party heteto, and W apPty lhe same ku costs and expensa of npention and oolkction. inciudin6 reasonabk
~ attorney's fees, upon any indebtedness secured hereby, in such order u Mortga6ee may determine.
;
~ FOR THE PURP06E OF SECIIRING: (1) Performa:we of euh ageement of ldottaagor contaioed hErein: (2)`"~iyment of tl~e princiQal sum of
~ S ~~.04 with intaest, as provided in accordana with q~e tecros aod provisions of a Promissory Note/Loan A~eement (heneinattet eefened to as
„Promissory Note`ti dated ~~'l5 , maturity date ~~~l7g , and payable to t6e order of l(ort~a,
to which Promissory Note refeceaoe is heieby made; t3~ r~ym~?c or ~r aaa;~o~t.a~~«, oot ~o ~ eX~ oc s 25Q0.00 . witd
interest theroon. as may 6ereatter be loan~d by Morta,a~ee or the tF~en taWer of his Yort~e to biocta,asor, eac6 and every adrance to be e~idenad by the
Promissory Note of Mort~sgor in the amount of tLe ad~anoe; (4) '17~e paymeot of aoy money tt~at may be dranoed by tbe ldartg~ee to Mort~gor for any
~ reason or w tf~d puties wrheie the amouats an adranced to protoct tbe xcurity or in sococdaua wlth tLe oorenants of tl~is l[~e. .
.0.ll paymeats m~de by Mort~or on the obliptioa aecuted by this Mo~tga~e shall be~ m tbe fol{owina order:
~ FIRST: To tbe paya~eot of taxes aod ass~uneats tLat may be kvied md as~eszd ~ainst said premises, insurance premiwas. r~pain, and all other cha~es
k and expen~es aereed to be paid by the blort~or.
~ SFCE)ND: To t6e p~yment of interat due ~ said ban_
TtURD: To the payiaent of pY,ncipal.
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~ TU PRnTECT THE SECURIIY HF.REOF, MOR7GAGOR COVENAN7'S AND AGREES: (1)To keep said premises inwred aaainst fite"and wch othtr
~ :asualties u the Morty~ee may spocify. up to the full value of all imptovements for the protection of Atortgaase in such manner, in wch amounts, and in wch
' rompanies as Norty~x mar from time to time approve. and to keeP the policies thercfor, Qroperly endorsed. on deposit with Mortgaga. and that loss
t proceeds (kss expenses of colkctioa) shall, at Mort~agEe's option. be ~pliod on said indebtedness. whether due or not or to the restontion of said
~ improvements. In event of bss Mortp~or will 6ive immediate nc~!ia by mail to the Mort~agee wdo may make proot of bss if not made promptly"by
; 4Sortgaaoi, and each inwranoe company concerned is heieby authorizod and ditected to make payment for wch loss ditecqy to MortgaEee instead of
~ ~lortg~or. (2) To pay all taxes and special asmesvnents of any kind that hare beeo or may be kried or assesssd upon said pnmises. or any pact thereof_ (3) In -
z thz event of detwlt by Mort~or under Pansraphs 1 or 2 above. !?fortg~ee, at its option (~hether ekctin~ to declue the whok indebtedness snured hereby
~ due and colkcU'bk or not). maY (a) efkct the inwranoe above provided for andpa
y the reasonabk premiums and charaes therefor: (b) pay all said taacs and
~ .~SSessments witlwut determininE the vatidity thercof. and (c) pay wch lirns and all wch disbutsements shall be decmed a put of the indebtedness secured by
~ this ~fortaa~e and sLail be immed'uteiy due and payabk by Utort~or to Mortga~oe. (4) To keep the buitdinEs and other improvements now or hereaiter
erected in jood conditioa aad repait. not to comaut or suffer any waste or any use of said premises contnry to restriction or record or contnry to laws,
nrdinances or ~aWions o[ proper public wUarity, and w pernut Atort6asee.to rnta at aU reasonabk times for the purpose of inspectina the prem~ses, not
~ to remo~e or demolisd any buildit~ thereon; to c:omplete wit6ie Oae Hundred Ei~hty (180) Days or mWre promptly snd in a sood and workmanWce manner
~ any buildins Mhich may be coasuucted. dama~ed ot destioyed t6ereon and w pay, ~rhea dae. aU daims fot labor pedormed and material fumished therefor.
~ ~ 5 t Th31t the time of payment of the indebtedness heteby savted. a of any portion tl~ereaf. may 6e exttnded or ~enewed and my portions of the ptemises
herein dacribed may. without notics, be cekaxd Gom the lien heceof, without releuin6 a affectirg the persvnal IiabiGty of any person or corporation (or the
oaprtxnt of said 'mdebudness or tbe lien ot this instrument upon the cemainder of said premises for the full unount of said indebtedness then rcmainin`
~ unpaid, and no c6anae in the ownetship o( said premises shall reksse, rcduoe a othenvae aRect a~~ wcA persona! IiabiGty on the lien hercby created. (6)
, That he is seiud of the premises iu fce sunpk and Tw good ud law[ul ri6ht to conrey the same; and that he doa hercby forever wurant and wiU foare[
~ de4nd tde titk and poszssioo theteof aaainst the lawful chims ot any and aU petsons what~oersr.
¢ pr., ared by Zadie Roue~ 2502 5. FQd H~f~ Ft. Pierce~ Fla. A
i 09-0478 FL " 4~ p~pC 1 - .
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