The URL can be used to link to this page

Home My WebLink About0496 1~ REAL ESTATE MORTGAGE ~ Q G 0~- C (Plcise print ~i~ type all n~mr~ and aJJr~stirs? A~~A ~t irrY THIS M(Nt7'GAGE. ~ thc 23rd - day of -(ktober . 19 7$ by i 11 iam _ _F $ .IuaniLa Pixley - (r311c~i Murtgagor hercin) ~ ~?r 44Q2. Lake~QQd_Park_Qr. Ciry o~ Ft Pierce Fl 33A50' tu Ge~eral Electric Credit Corporation (raUed Mortgagee herein): ~VITNESSETH that Mortgagor has executed this date a prumissc~ry note, in the prinripal sum of - ~~~Q, ~ . with interest at the rate stated therein, payable at the uffices of Genera) Ele~tric Credit Curporation in consecutive mon~hly installments, each inctallment in the amaunt of S 96,_-}~ the first inst:~flment payable one ~rwnth from the date of this martg:~ge unle~s a differcm date is inserted here _ . the balance of imtallments payable on even d:~te ~~f each succec~fing nwnth thereaRe~ umil fully paid. NOW, THEREFORE, w secure the payment and performanre by rmxigagor of the promi~sory rx?te, ~nd the performance of the covenants herein cuntained :ind to induce Mortg~gee to enter into the prumissory nute with Mongagur and for good and valuable con- ,ideration, the receipt of which is hereby acknuwledged, the Mong:~g~~r doc.'s hrreby grant, sell and convey to Mong~gee, its heirs, executors, successars or assigns the following described rcal r.tate ~ituated in ~he Caunty of _ _ _ _ _ _ _ , : State uf Florida described :tc foUow~: Lot 9 Block 4 Lakewood Park Unit 1 Plat Book 10 Page 51 ~ S1A thur St Lucie c/m p~~,~g ~ ~~~«T~ Cue On Cla~ "C' Ie~~1~M~1~opKq. Punusnt To C1?apt~ 71.134„ Aus 0~ 1871. . lIOGER POff11AS CMrk ~ Couit St. ~~KM, Oo»p~ heing and intended to be the same premises rom•eyed tu Mortgagor by decd dated -.---___;~tecotde~ orr _ . 19 in Flurida. B~wk . Page . in the Office of the : - - - _ _ _ - - - - - _ _ _ of _ _ County , Together with the improvements heredit~ments, and rppurten:~nce. thereto rxiw ur hereafter belonging, the rents, is~ues and profits thereof, and all fixture~ nuv~r or hereafter anached to or used in cunnc~:tiun with the premises ekseribed above. To have and to hold the ab~ive mortgaged property unto the Mort~agee. Mongagee's heirs, executors, administratan, successors or a~tiigns, to ~lortg:~gee's own proper use, benefit and beh~wf fi~rever, pruvided that upon full paymenrand ~ertom~ance of the promissory nute, anJ the keeping ancf performanre of all the covenants stated herein, then thi~ Mortgage and promissory rate shall be null and void. utherwise t~ remsin in full effect. Any renewal of the promissory nute, ur the extenJing of payments of any installment thereof shall not Haive any rights uf the :~lortgagee creatcd hereby. - « Should the prcmises a5ove described be sold or conveyed or in the event eny mechanics, materialmen's, workmen's, judgment or tax liens lie against the premis~s, or this or any mortgage rovering the ~remise~ .hall be in defsult, on or aRer the date hereof or should the pn,missory note be :n default, then the inJebtedness secured hereby, te~gether w~ith eccr~d inlerest to date shall at the option of Mongagee immediately become ~ue and payable, anything thereir~ to the contrary n~~twith.wnding. Upon su:h default or an}• default in the performance of the co~•enant~ herein, Mortgagee r~la~nter up~n and take possession of the .aid premises, rereive the rents and proCits thereof :u~J to :~pply the .sme tow•rrd the payment of taxes, upkeep of the property and the fullfillment of the covenantti of this mungage: or at the optiun af MurlgaKee, to cau.e a receiver to be ~ppointed: or to sell or cause to be I~ ,uld the property hereby mortgaged and to cunvey the .:~me to tt~ purch~.cr, punu~nt tu the ~t:~tute in such rase made and provided and ~ ~~ut of the proceeds of such sale to retain the mc~ne}~ due under the terms of this mortg~ge, the cost and charge of such sale, and a ~ f re:?tion~ble anorney'~ (ee, rerxienng the ;urplu~ mune~, if an~, t~~ th~ :~1ortgag~~r. ~ Mortgagor will keep the premises fully insured against lo~s by fire and lightning and ~urh other risks as Mortgagee may requioe, with ~ ~ ~murarxe company or cumpanies ~;~titifartory to M~~rtgagee. for t1x bene~it c~f Mvrtg~gee and in deCault thereof Mortgagee may, but shall ~ n~?t be obl igated to. intiure the s;~me. Surh expenditures for inwr~nce b} Mangagee sh•rlf herume so much additional indebtedness secured E hereby. ~1ortgagor shall provide, up~m Mortgagee'+ reyuest, eviJenre of intiurance c~~~~erageti, which coverages shall also provide for ten ~ 101 da}~s' pnor w~riuen nutire ta mungagee of any r:~ncellati~m ~~r m~tcri:~l m~xiifir:~tion of insur~nce. Mortgagee shall have the op- tiun to receive and apply the ~arne un accoum of the indebtedne+ti ~ecured hereb~~ or to permit said mortgagor to receive it and use it or ~ .~n~• part thercuf for ottkr purpo~e. w ithout therch~ w:~i~ ing ~?r impauing an~~ eyuit~ , licn or righ~ under or by virtae of this mortgage. ~ No building on the premise~ shall he removed or dertx~li~hed without the cansent of Mortgagee and Mortgagor covenants not to ~ ~ummit or pennit waste of any kind upon or on ~aid property• . Mortgagor will pay all taxes, assessir,~nts or water rates, and an~• rrxirtgage installment on this property and in default thereof, ~ ~tortgagee may pa}~ the same, but shall not ~ obligated to do so notwith.tanding the security hereby provided for such, Mortgagor shall ~ he in default uncier this rm~rigage, and the artwunt paid shall be sc~ much additional indebtedness secured hereby. The failure of Mortgagor to pay any part of any installment of taxes, ati~eti~ments ur in~urance premiums under the provisions of this ~ murtgage at the time ur time~ when such item~ are due and pa~•able, tihall cun.titute w ~ste w~ithin the meaning of applirable Florida law. ~ ~'1m amuunt~ paid by Mortgagec ~or inwranre. taYC., a,~eti,ment~, ~atrr r~t~~ anJ am murtg:~ge imtallrt~ent ~m thiti pruperty shall bear ~ interest at the highest lawful contract rate, and shall be paid by htorigagor upe~n demand. ~ Mortgagoris) hereby relinyuish all rights of homestead. , This mortgage shall mure to the br;ne~it of the tiuccestion and a~.~gn~ of 1~1ortgagrr and ~hall be binding upon the heirs, executors. '.urressors and legal represent~tive~ uf Mortgagor. - IN WITNESS WNEREOF, yturtgagor ha> >igned thiti imtrument on the d~~ :~nd }~ear tir.t ab~n•e wriuen. ~ SigneJ an li~•e i the presenc o: ~ . i • ~~:/~~f ! ~ r - - ~i - - - _ . (i~(1(lg:iKOf) ~ ~ ; p . ~ ~ ' ~ /{r.~.UVI/j'~d11?~/ c~t-,-~-c_-~i ' -ft>~ y _ l ~ Mortgagor) . . , . ~ r y~ iEr7ulurt? Ilnn ?ci/nt~?.~t•~ ntu~1 ~l,~nl (lYj~t • ; ~ ~ Thi~ instrumcnt w•as prepured by: ? ~ ~ ~ - ~ . To~n Carrol 1 . ~ J e ~ : 1400 E_Oakland Park B1Yd Suite 202 . ~ _ (acidress) ~ k If d~kumen' ~ht have heen ~j Ft Lauderdale F1 33324 Q0i•'•~~ ~ h~'~ :,~Fixrd a? ~t. . y . - ~L' ~ 3 ~~j 5 ~ ~a~ ~1 - . _ , . n _ .