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HomeMy WebLinkAbout0480 ! • / . 3 )O~oc MORTGAGt:t:: ~ MORTaAQE DEED Av~ao Finanoial Servicee of VM L4 ~~'T"~' ~~r1~ T~~• ~ _ •r~~~ ;4SI M~Y[ •IAS7 ~ IMtT1Al S~OJ!['S M~M[ ICo~mer KsnrNth 0 Carol A srce . (~lorid~ Thal~Al1on ur rrrby grants, bar~ains, a~sqtns, and ~Y?mays unto ~fo~lg:qtrc, th~ fulluwin~ dru~ritxd rral rstate in thr ('ounty of a . State of FlurKla. to w~t: Lote 4 and 5.~ ffiock 167, Lnkswood Park Subdivision,' ~it #1'~-A ~a ~er plat thereof on Pile in P1at Book 11 at gage 35 Qt' t.lrs publio rsoosd~ af Saint Luais CounLy, Florida ~~~~`~~s •!30/ lo/S ~~45- bo 6 - USE OfttY ~ 9u~~eat to rsesrnations~ restriatione~ eaosnsnta arid right ot va~y rscord. i I AND I+'URT~R 3UBJ~CT to t.hat aortain aortgag~ Yrao tha graators to First Federal Savin~g and Loaa Aesooiation dated ~/2~/73, reoorded 1/?r!~/73 in OR Book 210 at u~gs 1006 in the original prinaipsl aeount o! ;19,000.00 xhiah mortgags and t~e ' d~b0 seaured. thersby granteea exprsssl,y eae~e and agree to p~q• i . ~c7C ST~ir4'3 iii~; 1BFIXED TO ORIGTi1~I. Pt~~ffSSOR3C iiOTE 0 I • O Rf~Ct1YlA ! ~ 1~ MYYBff ~ TAII~ ~ a~ op caas'ar ~ nio~en. pu~wwt w a+~m n.~e„ a ~o~x ~ ee~ac c~ncuR oowrr. sr. wc+~ oo. Fu tug~thrr with all buiWings and ~mprurrmcnt~ nuw or hrreaflrr crcrtrJ thercun ~nd all ccrcens, sh•rdr~, storm s;uh and blinds.:u?d heating, lighting, plumbinE. Ka., rkctrir, vrntilaUng, refngerrung and rit-~undrtton~ng eywpmrnt u+rd in connrctiun thercwith, all oC which, for the purpose of thic mort~e, shall be J:rmed fi~turc~ an.i cubjrct to thr Ikn hercut. and thn c~reJ~trmrnh •rnJ appurlrnances prrtain~ng to thr pruperty above described, all of which is referred to hrre~naftrr as Iln "prcm~x c" 10 HA~~F :\KU ~t0 IIUI.U ~;?u) IanJ and prem~x~. w~th all th~ nKhtti. ptnik~er~ anJ appurtrnani~c thrretu hrlonging_ unto morlgagcY and hi~ heirs, executors, ~Jmintslrators. wc~llwn ~nd a~tign~. forcvtr. ~tnrtgagor rhu a~stgn. to ~turtg:~a~ aU « nt+. tuur~ anJ prutih o1 uKl prcmikt. rcumng Ihc tight to collcct anJ usr the samr, aith or without tal:ing p~,xssiun uf thr prcmi.r~, dumig cunlinuan~r of drlaull hcrcunJcr, and durtn~ rontmuancr of wrh Jrfault authotiting ~lottgagre to rntrr upon sa~d prcmius endiur colkct and cnfurrc thr .amr withuut rcgarJ tu adryua:~ of any~ srcurity'for thr in~iehtrdness hrrcby u~urrd b~• any lawful mrans including ~ppumtm~nt of a ncriver ~n the nama uf any party hrrcw, anJ to apply~ the .ame kez costs an~i r~penses of operauun arxi aolkrtion, including reasonabk ~I(orn~y e fe~~. u»nn an~ in.L•ht.•dn.~ee v. urr.l h.•n•hc ~n <.~_i. ~...f~. ~+t~; ::to~,.. ...u. . FOR TH~P~OSE OF SECI~RING: (1) Performan~r of each ~greemcnt of Mortgagor contained hercin; 121 Paymrnt of the principal wm of ~4 • . S with interest, at ptovidrd in accordance w~ith the terms and pr visions of a Promissory NoteJLoan Agrc~ement Ihere~nafter refetred to u c ,.Promissory Note"1 dated ~~l76 , maturity date __I . and payabk to the order of !1~ortgagee. tu which Promissory Note reference is hereby muie; (3) Payment of any additional adrances, not in a principal sum in rxcess of S z5~~~ , wrth ~nterrst Ihereon, u may hereafter be loaned by Nort~~ee or the then holder of his aiortgage to NortgaEor, each and every advance to be e~~idenced by the Promissory Note of Mortgagor in the amount of the advance; (4) The payment of any money fhat may be advaneed by the Nortgagee to ~~ortgagor for any rrason or to third parties where the ~mounts are advan~~ed to protact the security or in accordance with the corrnants oC this 1lturtgage. ~II payments made by ~tort~or on thc obligation secund by this !1lortgage shalt be applizd in the following order: FIRST_ To the payment of taxes u~d uxssmenis thal may be Ievied and auesscd against said prem~us, insurance p~emiums, repairs, and :+11 other chatges and expenses agrced to be paid by the Mortgagor. SECOND: To tht payment of intcrrst duc on said loan. 1'HIRD: To the payment o( principal. 1O PROTE('f THE. Sf:CI,`RITY HI•:KFOr, ~fORTGA(:OR CU~'1 ~iANTS A\U AGRI{I.S: 11) To k~cp s:+iJ prrmnr. ~nwrcd :?gain.t firr rnJ wch other .a~ualties as the Mottgagee may specify, up tu the full value of alf improvrmrnh for the ptotertiun ol ~totig~grr m~uch mann~r, in ~u~h ~muunt., rnd m wch r:~mpanies u\fortgaRce may from t~me tu 4me appto~e, and to krrp Ihe pulicks thcrrfor, proprrly~ enJorxd. un Jcpo~i~ with ~turtgagr~. ~nd thai I~.~s pnnreds 1kss expenses of culkction) shall, at !lfott~ee's optiun, br applrrd un saKf indebtrdnrsc, wheth~t Juc or nut ur tu th~ cr.toration u( said improrcmrnts. In event of bu ~tortgagot w•ill give immrJutr noticr hy mail to Ihe \fort~aKre who may mrkr r~,x~r of lu.. if nol madr prump~ly b~~ ~turt~or, and exh inwnnce company con~YrneJ is hercby authunzrJ rnd JircetrJ tu makr pa~menl f~~r w.h lu,. J~rr.tly t~~ ~tort~a¢ee m.rtad of ~fnrtgaaor. (2) To pay all taxes and special asse~smrnts of any kinJ that ha~c been ut may bc kvied or a+~r.xd upon wid prcm~~c, or an~ part thcr~uf. 13) In thr event of default by ~tottg~or undet Puagraph~ 1 0~ I ~bovr, ~furtg~tce, at its opUun IKh~ther rk~tmg to declarr thr whulr inJrbtrdnr~~ x.urrd hcrcbp •fue arid collectibfe or not), may 1a1 rffect the inwran~r abure providrd fur anJ pay the reasvnablr prrm~um. anJ rhrrg~. Ihrrcfor. Ihl pa~ all timJ ta~r, arxf a.xssments w•ithout determin~n6 the valiJrty iheteof, ind Icl pay wrh Itrm rnd aU wch di~burcements ,hall br Je~mrd a p~rt uf the ~nd~ht~dn••c. ururcd hy ihi, ~fortgage and shall be immediately Jue anJ pa~•able by Mortgagor to ~tortga~tre. 14? To keep thr building. and Mhcr improvrincnt, nuw• or hereaftar ~r«teJ in good condition and repair, not to ~ommit or suffet m~~ ua.tr or an~• u~e of wid prrmre, ionltan~ fu re.trirtiun or rr:ord or re~ntrarp to lawc, ~>rdinmees or regulations of prope~ public authority, aad to permil Nortgagee to enter at all rra.onable timec fur ttn purpo~e of in~p.cUng thr prem~see, not w trmove or demoGih any buiWing thercon: to compkte within One Huncired tiEhty 11801 Uay~ or r..torr promptly and ~n r gocxi and .~orkmanl~kr mannrr any~ buildinE which may be constructed, damayed or destroyed thereon and to pay, when due, all claim. for latwr performrd and matenai furmche3 therefor. i 51 That the time of payment of the indebtedness hercby secureti, or of any portion thereof, may be eztended or rcnraed and any portionc of 1he prcmius herein described may, without notice, be rckased from the lien Inreof, wilhout rckasing or afferting 1hr perwnal I~abdity of any perwn or curpurat~on for the payment of said indebtedness or the lien of this instrumcnt upon the lemainder of saiJ premiscs fot thc lull amount o! said ind:btrdnr~s tlxn rrmaining unpaid, and no chanRe in the ow~netship of sa~d ptemixs shall rekase, reduce or otherwi~e affect ~ny wch {xtconal lirbilit}• un thr lirn hereby rrealyd. 161 ~hat F~ is scizcd of the prcmises in fee simpk and has good anJ lawful right to .onrey th. sa!ne: anJ lhat he dik. hrr.h} fut~vrr wu~ant and will furcvet d~fend the tilk and posseuiwn thereof against the lawful claims of ~ny and all pcrsons w~hatsoever. 09-047f ~f~7~~ iL fS~+!1~~bO FA6E I~~ ~ -