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~ bfORTGAGE:E: IQ e
MORTGAGE DEED ~~~~t ::.~vbo ~}.n services ot' u~.?d ~a
32.i~32,S ~ Y f - , .
VM » Inc.
16655 - ^ [y~
a~.• M~y( f1111T IMIiIAI lIOV![~3 NAM( ' Fed~ ~aMy•
R:APP RICHAHll W. BaRBA~.4 • ~ . Fti Piexoe ' , Florida
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1 ha1 I?1 ~tigsgor hrrrby grants, bargains, aa.igns, arni cunveys unto Nurtgagze, ` the fopuw~ing Jrxtibrd rcal estatr in thr Count>• of ,
-~'~irtt Lucie , st.te of Fiorida, to wit:
Lot 1 ~ ~lock 1, Luker7ood P~rk Subdivision, ~}~}it,8-A! - ~ ~ .
Rs per p].~t thereof recorc~ed in Plat Eook 11, page ~'7, ~ ~
of the Fublic Records of St. I~ttcie County, Florida. • ~
~ : 6 0 9 - ao%o~~ ~ ;
3u~~ect to Restrictions~ re~ervAtions, e~sements~ and
^onvena.nts of recor3. '
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~'I t.:::3 iC AtIvI: :'~I, Piti:~::IS:,O:t'? ::~1;. .
~ - o a ~ ~yanrerr oF ~ .
PUR9IMMT 1~ GIIWIfR
n.~ ~A! ?11ppERry~
~i OF l~li. ~
~ 1'OfTRAS ;
CLFRI( ~I~qff~ OOW[L Sf. WC1E C0, HA
z,~_rth~r Nith all bu~ldings and improvements now or h~rcaftcr rrectrd thereon and all screens, shades, storm sash•and blinds, and heating, lighting. plumbing, -
~kctnc, vrnulat~ng, tcfng~wung snd au-~unditioning cyuipmrnt uKd in .vnnection thcrewith, all of which, for the purpose of this mottgaae, shaU be
,iy~t~mcJ fi~tures aixl subject tu thc licn h~rnof, ~nd th~ hered~tam~nts and apputtenances pertainitq[ to the property above desctibed, all of which is refetted to
~ hircinaftCt 1s 11K "prcmiscs" -
iO HA~'F ,1ND TO NOLI) +aid IartJ ~nJ prem~x+. with all the ~~ght., prneh~ec and appurtenances thrreto brlonging, unto mortgage~ and his hein, executon.
;.inunutrators, succe~wa :?nd a~igns_ forr~rr.
' ~I~vtirgor •rlw a~signs tu ~turtg:~g~~. aU rcnh. i~w~c anJ protitc of vid prem~K~, reserving the tight to rollect and use the samr, w~ith or without taking
' E~r,.r,cion of thc prcmiks. during cuntmuanrr of Jrf~ult hcmunJcr, and during .ontinuancr of such default autherizing ~fortgagee to enter upun said premises
I ~n,f ~~r culkct -rnd cnforr~ the vmr ..ilhuut rc~arJ to adeyua.}• of any srcuriq• ior the indebadness hrreby secured by any lawful means including
af~p~~intmrnt ot a rc~rircr in the nanu ui any party herctu, anJ to apply lhe same kss costs and e~penses of operation and collection, induding reasonable
j ,u~~rnry's f~ s, u~~n any inJrbtrdnr~s .rrurcd hcreb~~. in wrh urder -ri ~tortgag~Y map drterminr.
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! f(1R THE2~[l[~PO~E O~ SF.CtiRING: (11 Performan~~e of each agreement of Mortgagor contained hercin; (2) Payment of the principal wm of
~ : provided in accordance with the terms ~nd pro ~sions of a Promissory Note/Loan Agreement (heteinafter referred to u
' OO O~w~th interest, u /
; `P:umissory Note") dated ~a~'~~ , maturity date z~n~f ~ , and payable to the order of Mortgagee,
~ e,~hirh Promissory Note c~fen:nce is hereby made; (3) Payment of any additional advanees, not in a principal wm in exceu of S.- UT with
r:eerect thereon, u may hereafter be loancd by Mortga~ee or the tlxn holder of his Mortgage to 1?tortaagor, each and every advance to be eridenced by the
j E'r~~missory Note of Mortgagor in the amount of the advance; (4) Tbe payment of any money that may be advanced by the Mortgagc+e to Mortgagot for any
t rr,~um ot to third puties where the amuunts are advsnced to protect the security or in accordance with the covenants of this MortgaEe.
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~ Ut payments rtude by Mortg,agor on the obligat'wn secured by this Mortg~ge shall be applied in the following order.
i IRST: To the Qayment of taYes and acsessments that may be levied and assesscd against said promises, insurance pmmiums, repairs, and all other chaJges
`s -n~ ~~penses a~ceed to be paid by the ~fortgagor.
E SECOND: To t1x payment of interest due on said loan.
iHIRD: To the payment of principal.
i t i F'Rt)TE('i THE SGCURITY H}.RF.OF, ~IURTGAGOR CO~'1.`r~tiTS :~\U ~~GRI ES: 11; To kcrp ~aKi prcmi.LS imurrJ :+gain,t Pirc and wrh other }
~~u,~ltirs as the Mottp.aRee may specify, up to thr full value uf all improvcment. for thr prolrrdun of ~fortgagre in wrh mannrr. ~n wrh amount.. rnd in wch ~
~mpanirs ai Nortgagee may from time to time apptove, and to krrp the pulicies thrreCor, properly endorsrd, un~deposit w~th ~lortgc~tee. •rnd that loss ~
un~.eeds (less expenses of colkction) shall, at 1lottgagee's optiun, be applird on said indebtrJ~ss, whethcr Jar ot nut ur to the re~toration of said #
i~rpn~vements_ In event of lou '.lfottgagor will give i~omcJiatc notice by mail to thc \tongagre whu may makr pnwf of los~ if not made pr~mpU)~ by
' ~1~~rtgagur, and each inwrance eompany roncerne~ u hercby ~uthorized and Jinctrd to makr pa}ment for wrh lus, Jircrtly- to ~tortwgee inctrad of
; ~1,+rteagor. (2) To pay all taxes and sprrial assessments of any kind that have becn or may be levied or as~e.xYf upon said prem~~e~, or any part thereoC (3? In
~h~~ event of default by !?iottgagor under Pua~,raphs 1 or 2 abovr, ~furtgagee. at its uption Iwhrther rkcting to declate the w•hole ~ndcbtrdness srcurcd hereby
' ?!:r and eoUectible or not), may la) effect the insutanrr above proriJed for anJ pa~~ the reawnatile premiumc artd char~s therefor: Ib) pr} all ~aid t~~ec and
~ .k.cments without determining tlx: validity thrrro(, and (c1 pay such liens and all such disbursements shall be de~mrJ a part oC the indrhtaJm•s~ .erured by ~
;hi> >tortgage and shall be immediately due and pa~~abtc b~• ~iortgagor to ~tu[tp,:igee. !41 To keep the buildings and uttxt improvemcnt< nu~i• or hereafter
;r~ted in good condition and repair, not to rommit or suffer any Watitc or any use of .aid prem~us contran- tu rrstrirtion or rcrord or contran~ to law•s,
i ord~nznces or reEulations of proper pub6c wthority, and to permit ~lortpagee to ent~r at all reawnable umec for the purpene of incprcting the prem?se~, not ~
' rcmc~re ot demofish any building theteon; to cumplete within Onr Huncired Eighty 1180) Days or restore prompth~ and in a gewd and wurkmanlike manner z
; eny buildinE w~hich may be constructed, damaged or destroyed thereon and to p~y, w•hen due, all claim~ for labor performed and material furniched therefor.
i Tfiat the 6me of payment ot ihe indebtedrrcss hereby secured, ot of any portion thereof, may br extended or renew•cd and any portionc of the premises
! i~rrrin dcs: ribed may, withoul notice, be releaseJ from the lien hereo(, w•ithout relcasing or affecting the perwnal fiability of any person or iorpotation for the
j pe} ment of said indebtedness or the lien of this instrument upon the remainder ot said premiccs for the full amount of said iruiebtedneu then remaining
inpaid, ~nd no change in the ownership of said premises shall release, reduce or otherwise affeet any wch personal liability on thr lien hereby created. 16?
That he is seized of the premises in fc: simpk and has good anJ lawful right to runvey thr samr: a~nl that hc dces Ixreby fortver warr~nt and w•ill forcrrr
E i~fend the titk and posseuion thereof a~r,ainst the lawful daim~ of any and ~II persons whalsoever. F
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i 09-0473 (i-73~ FL r
~ E:'~ 24$ ~ 10~ ~
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