HomeMy WebLinkAbout0422 MURTGAG~ Qh:H:U 36~~~ .
TH15 MOR'f(;AlOE l?tadrThi.~dey of /l rl.K. , 19~~
i~y and between enn~~ ~~r1'1 ~/1! 7s~__ and
.~a/a Sr,~,~h , h~s ,„r
~ ' ~ J
_ ~i~ ('ounty, State of r'~trvd. , hereinafter wh~thrr onr or more callyd th~•
,.MortgaKu~", ha. becume jusUy indrbled to O~~'SJP~tX ~~u / A'~/i~*~~i of
County, State o[ ~~br~~2-` herei~after plled the "MurtkaKe.~', in the ~.um of
~r ~NOI~Jc~nd Ok~ ~~r~ed ~~f ~r~ DN~ 6~ DOLLARS (i ~PO i
evidenced by ~^D~e /n~pr~n''ekT retail installment contract o[ even date herewith in thr total amounl ~et forth
:,tx~ve, payable in-3Ll_ monthly installments o[ :.~4LZeach and one first installment of on the like day of rach
succeedin~ mooth, commencinQ on the~~day of L//~`~ .
19_I~_, until fully paid, together with late char~es of five (5) per cent on each installment not paid within ten ( lU) day~? ot
the due date, or t5_00~ whicherer is less, and interest after maturity at the rate o[ 1096 pe~ annum.
NOW, therefore, in consideration of the aforcsaid indebtedness and to secure lhe prompt payment of the same, Mortgagor ha.+
bargained and sald snd does hereby `rant, bargai?i, sell and convey unto the said Mort~a~ee, his successors and assigns, the followin~
described_lot or parcel of land situated in ~T• LuClp.~ Counly. State of Florida, lo wit:
f ~v z~ire ~/o~et~ S~ee~ o~' 010~ ~~~s o.~eJ ~a'~C'
~C v ~ A ~ ~ n 1~~~
J9 /I70N GS~ 7'~°S' AS /PP~ OJP~P~ / N /v~~r
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7~ /~GID.~i~ ~c-a~Pa~ o .~C~~'ie ~ ou.?ty~ /C.~A,
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THE ~CCl;MENT.-.RY ST~~~1PS HAV@ ~
~ r~F•; G qC: .-1,,:~ ~t~1L NOT'a
Together with all rights, members, privileges, heredilamenta, easements and appurten~nces bebnging or appertaining. Mo~tgagor
hereby covenan~c and vearnnts to the Mortgagee, his heirs, successors and assigns, that he has a fee simple title to said property, free
(rom all encumbrances except-:
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TO NAVE AND TU FiOLD all and singular the aforegranted and bargained premises unto the Mortgagee forever, provided always
~hat if the btortgagor shall and will pay to the order of the MortgaQee, according to ils tenor and e[fect, that indebtedness of even date
herewith and ~ecured hereby and any other sums which become owing by the Moirtgagor to the Mortgagee prior to cancellation hereof,
then this mortgage shall cease, terminate and be void, otherwise to remain in full force and etfect.
The Mortgagor agrees and covenants lo pay all taxes and special assesaments against the property and agrees to pay all taxes levied
under the laws of this State on the indebtednesa secured hereby. Mo~tgagor [urther covenants and agrees that he will at all times ~
~ ~~ntil the release of this mortgage keep in force a policy of insurance on that portion of the mortQaged property which is in,urable ~
~ ~•uvering loss and damage by fire and the other casualtiea covered by lhe uwal comprehensive cssualty insurance policy. Such policy ~
Q ,hall be with an insurer acceptable to the Mort~aQee, in an amount not less than the balaaoe orvin; upon lhe indebtedness securecl
~ hereby, with loss payable to the MortQagee. In the eveot of loss, MortgaQor shall ~ive immediate notice by mail to the Mortgagee,
who will malce proof of loss if not made promptly by the Mortgagw. and each insurance company concemed 'u hereby authorized
~ and directed to make payment for auch loss directly to the Mortgagee instead of to the MortQagee and Mortgagw jointly but, in the
~~Pnt any payment is made jointly, MortQagor hereby authorizes Mortgagee to endorse his name on any check. draft or money order
~ :~s his attarney-in•fact. Upon payment for bss, the Mortgagee may at his sole option apply such proceeds to reduce the balance
~~f the indebtedness, or to restorc the mortgage property. [n the event Mortgagor shall ne~lect or retuse tn obtain ssid insu?ance
or pay any ta:es when due, then the Mortgagee may al his sole option obtain such insurance or pay all wch taxes or both, and all
,ums expended therefor are hereby aecured by this mortgage and shall be due immedialety from Mort~agor to Mortgagee with interesl
at the rate of 10~6 per annum from the date ot payment by the Mortgagee until paid.
The Mortgagor hereby rests the Mortgagee with the full power and authority, upon the breach ot any covenant or warrant herein
rnntamed, or upon any default in the paymenl of any installmenl provided in aaid retail installment contract or any renewal or
Pxtension thereof, or in the performance of any agreement hPrein contained, to declare the entire indebtedness hereby secured, le,~s
unearned char~e,, immediately due and payable, without notice to any person, to proceed to foreclose lhis mortgage in accordaniw ~
w~th laws of this State. ~
~
. eo$~26~' P~cf ~ ~
L-148 FLA. ~,~"RE~ r10/76;~ Aj.