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RF:AI. E'S'fATE: \1c)RTGAGE: `
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'fHIS MORTGAGE made this ~~_day of Jamxary . 19 7? . Betwecn Nozei~e Nc*•i~~ian
and Carrie McMi 13an. 2LS ~rife o~ 2708 Avemie S, ~`t. °ierce .
S~Luria County. Florida. hc•reinaft~~r called 1he Mortgagor. and Persor.a~ T?Il'~pt ~'~.8T1 TriC. i
~ , Cur{x~ratiun. h~~re•inafter called the \tortgage•e.
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\yITNFSSETH: That said 1~lortgagor. in considrration of th~• principal sum sgecifi~l in the promissory note here- 3
inafter described. recrived irom the :4lortgagee. hereby mortgages and incumbt rs in favor of the said \lortgagee the real
property situated in $t. L11Cig County. State of Florida, d~•scribrd as [oltows:
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Lot 12, Block K. Harmcny Heights Ad~iition as per plat
therof oc~ file in T'7.at Book f~ at page 38 of the °ublic
;?ecords of 5t. Lucie County, Florida -
RECEIVQI IN PA1f1AENT OF tWCES ~
~ r,._ASS 'C INTANGIBIE Pf"'~'it.l PP.OPERIr. ;
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PdR~i:.•^t SO Cti•?P'ER 71-I'S. AC{S~ 19)1.
kOGER POITRA~~
'u (~ERK CINt~l1T CAURi, SL WCIE C0,
as security for the payment of a promissory note, a copy of which is attached hereto, and incorporated herein by reference.
The said Mortgagor does covenant with the_said ~lortgagee that ihe said :~tortgagor is indefeasibly seized of said i
land in fee simple and has the full power and lawful right to mortgage and incumber the same, that the said tand is free from t
all incumbrances except as above noted, and that the said AtoMgagor, except as above nded, does tully warrant the titie
to said land and will warrant and defend the same against the tawful claims of all persons whomsoever.
A~iD THE SAID MORTCAGOR does further agree as follows: ~
; 1. To make promptly all payments required by the above described note and this mortgage as such payments
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k t,< come due.
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~ 'l. 'I'o ~ay promptly when due all taxes, assessments, lit~ns, and incumbrances on said property.
~ 3," 'I'o'kehp'tfie buit~~hg~~~tR~r herea[ter on said land insur~d against damage by fire. lightning, windstorm oi
~,';~c~r casualty in a sum notiess that~ the sum securecl by this mortgage, in a company or companies satis[actory to the
~~.~~rtgagee, safd`polT~y to'be he~d by~nd payable to the 1lortgag~~e ta the ~~xtent of the indebtedness remaining at the time _
,~f the loss. It any sum becomes payable under such insurance policy, the \iortgage~e may either apply it to the indebtedness _
:.~cured by this mortgage. or permit the ~fortgagor to ust~ it for othc~r purposes, without impairing the lien of the mortgage. ;
4. 7'o permit, commit or sutf~r no waste, impairm~~nt or dc•ti•rioration of thc~ mortgaged property.
5, lf any payments provid~Yi for in the nate on this mortgag~ are not promptty paid by the Atortgagor, if the buildings
,r~~ not kept insured as pmvided. or iC the :~Iortga~;or d~~faults in any of th~ othe~r corr•nants, stipulations. or agreements,
~ht ~lortgag~e, without waiving or affecting the option to foreclosr, may otherK•ise perCorm any ot the covenants or agree-
m~ nts on behalf of th~ 1lortgagor, and any and all such sums ~~r ~xpi~nses paid-or incurred~ with interest thereon trom the
-iat~• of paym~•nt at thr rat<~ of int~~rc~st prescribed in th~• not~• se•cured by this mortgagE•, shall also bc sccured by this ~
mortgagc. a!
~ 6. This mortgage tien shall ~•xtc•nd to and incluri~ all rents an~i profits of th~• mort~ag~°ci propf~rty. In the event of
i~ ~r~•closure th~ court is author3zrd to appoint a r~•~e>i~~f~r ~~f thc• mortgag~~d prape•rh• and to appl~ such r~nts or profits to th~ :
~ tn~+..~bt~•dn~•ss horc•by s~curc•d. rrgardlesG of thc~ sulv~~ncy of th~• \lortgagor or thc~ adc~qua.cy of tht~ ~ecurity. ~
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7. This mortgage shail ~•xtt~nd to and inclu~i~~ .~m• and all ~•xtensi~>ns and rrnewals of th~~ hereinabo~-i• described
~ not~• and Shall also sc~cur~• any sum or sums that mi~ht b~• luan~~d by \lortgag~•r to ~lortga~ors in the lutur~• in th~ sum or
~ <ums for v`hich ~9ortgagors shali ~•xt~cut~• their n~~€otiabl~~ promissor}• not~•s, not cx~c<~ding 525, 000. 00, to~cth~r with
~ ~nt~•rest, tax~s, !e}~jt~B. an~1 insur t'.,
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~ 8. lf any paym~~nt pro~•id~~d for ~n th~~ nnt.~ ~~r this m~~rtgag~• bc~ not pai~i v?•~ihin thirt}- days aft~•r it be~omc•s due, or
~f any agr~em~nt oC this mortgage othe•r than t~r th~~ ~~:+~-m~~nt of mon~•} is br~~achc•d, th~•n th~• unpaid balan~e, not ineluding `
~n~•arnc•d int<•r~st, shall ~mm~diat~•lr b~~come• du.~ ar.d p:~~•abl~• at th~~ option of th~• \lort~aq~•e, and th~ \1ort~agt~e may ior~ ~
~-l~se~ this mortgage in aecor~ian~~~ w~th pr~c~ ~iure~s r;tahlish~•d by law-, an~1 ha~•~• th<~ propc~rty sold to sati~ly or apply on the .
in~iebtedness hrreby s~cur~•d. :
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