HomeMy WebLinkAbout0348 3~~~1tP !lf ~(lir~~1~ MORTGAGB DEED 323 , f..--
St. lucie
Ll~litttl~ .
7'lils MORTt:AC:E Mede TWs ~th ~~ay i~~ November _ ,75
by end Gelw~en Ca~on i as Newton , s~itcjle ~ and
. his . ot
$ t. Luc i e (:ounty. Stetu ut _ F ~ 01' 1 da , hen+i~~a(ter whcther oii~ or mure callvd the "Murt-
*axur". hes tx+cume iustl~~ ~~~+.~ba~i <<? Leon COUn ty Bu i 1 d i ng Supp 1 y, ( nC . ~
of
Browa rd (;~~un1y. Stale of F 1 OP 1(Ie , hun:ine[ter callal tho "[?iurtK:ix~.r;', in thQ sum ut _
Three thousand five hundred sixty nine E 16/100 _ ~x~~,~y ~s 3.r~q.16 ~ ~
e:~idQncecl by a promixwry note of eran date hervwith in tt?e tutal emuunt ~et (urih abovo, payabte
in 84 monthly U?stalbnonis in thc sum ot _ FOI'tY LWO and 49/ 100
ix~L~nKS S 42.49
( 1. Ihe finl paptnunt rnmmenc:inx un Ih~ 2~d day o( January
1`1 76 . an~f cont~nuiuK un ~he sbme +1ay ot each month then~a4er until fully paid, tuseether with lete charKes o( tive (5? cents per 51.00
uu each in~t~llmt~nt nut paid wilhin ten t lt)1 dayy ut ihr. due date, but nol exceedinK tht: !aw(ul maximum. and interest aher maturity at Ihe rute
nt I(11. p~rr annum. ~
NOVk', for and in con.ideratiun o( the af~~resaid indr.btednesti aud !o secure Ihe pmmpt payineut ut the same. MoriKaRor has harKain~d and
,uid and does hereby Krant. bar~;ain. sell end con~~ey unto ihE: said A1urtKaKEr. his succes~rs a.~d assiK~s. the tolluwinK desr.rii~xi lot or pancel
u( la~d situeted In st . Lue i e Counl State uf Florida. tn wit:
y. .
Beginning at the SE corner of the NE~ of the NW~ in section 4, Township 35 South,
Range 40 East; *.hence run North for a point of beginning 100 feet; thence run iJest
100 feet; thence run North 50 f~et; thence run East 100 feet; thence run South 50
feet, to point of beginning. _
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Toget6er with atl rights. members. pri~hleKes, hereditaments. easr.meuts and eppurtenanr.es beL•:okinK or appertaininyt. MortQauor hereby
covenants and werrants to !he MurtKaKee. 6is hcirs. succeswr~ and assiKns, that he has a fee simple title lo said pmperty. free from all en-
cumbrancec excepl:
None
TU HA\'E AND 7'O IIOIA all and sinKular ihe af~n~;rant~.Yi and barKaincYi premises unto the A1ortRaK~ (orever. prvvided always Iha! if
the Mr?rtRaKor shall ar~d wfll pay to the order ot ihe Murtx:~Kee. ac;wrdinx t~ its tenor am1 e(fect, that ~rtain promissory note o( e~•c~n date
herewith and secured hereby and eny other sums which be.~came owinx by the MorlxaKor to ihe MoriRaRee prior to canceilatiun hereof. ihen
this moriKaqe shall cease. terminate and be void. otlx~rw~ise to rr.main in tuli force and e(fect.
The 1~foriRaKor aRrees and co~vnanls tu pay all taxes end special assessmenis aRainst the property and a~;rt~ to {iay aU taxfw levir.cl under
the laws of this State on ihe indebteclness securcd hereby. I~torlRaRor furiher co~enams and aKr~s that he ~viil at all times until ihe mlease ot
this morigay;e leep in farce a ~wlir.y ot insurance dn ihat portion of Ihe tnortKaKed pmperty which is insurabie coverin~ loss and dameKe by
fire and the other casualttes coven.d by ttx~ usual comprehensive casually insurance pulicy. Such policy shall be. with an insurr.r accepteble Io
ihe hlort~aKee_ in an amuunt not lexs than the balancr. uwing upon the inJebteciness secun.d hereby. with loss payable ro Ihe MoHKaKee. In ?he
event o( loss. h1or1{taKur shall Ki~~e immecfia?e notice by mail to the MorluaKee, wF?o N~ill make prvo( of luss 1f not made ptvmptly by ihe Murt-
~;a~or. and each insutani:e company concxmed is hercb~ authoHzect and direct~d to make payment for such luss dirc>c;Uy tn ihe MortRaKe.r. in-
:;Irad of to the MortRaRer! and I~lorlkaAur joinUy bu!_ in the e~•en[ any pa}Tnent is made jointly. MoriKa~or herceby authorixc~ Motl~aRcr, (i~ en-
dorse his name on any checl~. drah ur money ouler as his atlorney-in-fact. Upnn peyrt?ent (or loss, the MortKaKee may at his wle opiien apply
wch p~vc:eeds to recluce the balance of the indebic~dness. or b restore ihe morlRay~e {m~periy. In Ihe event MortRaKOr shail neKiect or refuse tn
obtain said insurance or pay any taxe~ whcsn due. then the MortKaKee may at hix sole optfon oblafn such i~surance or pay aU such tazer. or tx~th.
and al! sums expendecl therefor arc hereby secured by this nwHRaRe ancl shall be dqe immediately fnnm Mort~;a~or to htort~ay;et~ with intere~t
ai the rate of 10°. per annum irom Ihe date of payment by the ~IoHKaKee unt8 paid. ~
The MnrtKaK~r aKre~ and orn•enanls that he will main!ain Ihe murlqaKed pmper~y in~ood condifion and nut to commit or to permil anyune
eise to cummit waste. n~a+onable wear and tear excepied. liEx?n the failure uf ttie M~?~tQ}~ m~ta~rl e rtu~rtKaKed properiy, ihe Mort-
KaKee may cause n~asonable mainienane:e wvrk to be performed at ihe cos~ o( the MortgaRor. Any such sum se~pendcxl shall bF~ due immecfiate-
ly tn?m hioriuaytor with interest at Ihe rate ot 1(N. per annua~ from ihe date expended unUl peid.
The MortKagor hereby ~-ests ihe hi~rtKa};ee wiih the fu11 p?wer anct authority. upon the breach of eny covenant or warrant herein contained.
or upon any default in the Fayment o( any installment pmvided in said nole ar eoy ten0wel or extension then.~of. or in the ~rformance of any
aRrnement herefn containeci. to declare the entire indebtectness herel~y s.K:unxl~immediately due and payable. without nr~tice to ~ny person. to
pmceMxl to (nrer.lose this murlRaxe in ar.r~~nl:cnce with lews o( Ihis tilate.
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so~~247 f~ar~ ~48
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