HomeMy WebLinkAbout0767 3 Y~ ° ~~uki~.n~.~ ~i /
MORTGAGE ~EED ~~~4~~ Avco Financi~l Sor~ricQS of
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Fiarberi Arr:ie Martha C. F`t. Pierce . Flurid~
li~.,i \lurt~u~ h.rrh~ grinb. IutK~ma. ~~v~tna. and conv.~. unlu Mirtg.qta~a., llx lulluwing drernbrd rcal ral•rtc ~n lha ('uunty c?t
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Lot 21~ ffiock 157, I.akeWOOd P~rk Unit 12i Plat 9~ok 11 Pa;e 26~ 26A and 26B.
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peoehred t _.L.Y~---~- ~ ~11R1°nt Ot T~oN
Oue On Class "C" Iriw?pb1~Pb~so~~~~~1?•
Pursuant To Chapter 71. 134. Abs O~ ~9~1•~ '
' ao~Ea Pomu?s ~GS~II ~
C1er~ c,rcui~ court. st. u,c~e, co.. Fl.. .
!~~erth~r witA all bu~kimg. and ~mpr.~vrnxnt+ nuw ur hercaftrr rrrrt~Ki thereon a~xt all ~nerns, shades, storm suh and blinds. and hcatirg. lighting. piumbinE.
I~ ck:tnc, rrnulaung. rcfrti[~raUng ~nd a~r-cunJnwninE eyu~pment uyr~i in ronnection thercwith. all of which. for the purposr of this mortgaae, shall bt
j ~;.~mrd fi~tures arni wb~ect ~o tln lirn hrnof. ~nd thr hrrcd~umrnt+ ar?J appurtrnan~YS perUin~r?g to the propert~• abore described, all o( w•hich is referrcd to .
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I c) H A~'t A~iD TU HOl b uiA IanJ ~rnf premurs. w~th +tl thr rqthh, prrv~k-Re. ~rw1 appurtenan~rs thercto belonLting, unto mortgagee and his hein. executors.
sJm~mctrawn_ w~.r~wn an3 a»ipen.. forcvcr. .
~t~~rt~t:+gur alw aw~n. lo Nurtga~re all rcat~, iswr~ arKi profits uf ~aid pnmises, rcvrrvinE the ri6ht to colkct and use the same, with or without takinE •
~„x~swn oi the premi~r~. durinF ronunuan.r of default hereumlet, and durinE conu~uaner of wch de(ault authorizin6 MortE~ee to entet upon said premises ~
,,mf ur collert and cnforir thr ~amr Nilhout rcguJ lo adryuxy of any se~vrity for the irdebtedness hercby secvred by any lawful means includi~
.~~puintmrnt of ~-crcnrr m tlx namr of any party hercto. ard tu app1Y the samr kss cosu and expenses of~opention ud rolkrlion. includir~ rcssunabk
at~~~rrk~~'s fec~. upun an} m~bt•tifnr~> >tcureJ herrby. ~n surh ordcr u MortEaEte may delermine-
I e)R THE PUR~OSE OF SECURING: 11) Pedormana of ach a~eement of Mort~or rnntained herein; 12) PaYment of the principal wm o(
S~~~2g ~ N7~I1 interes . u rovided in accordance with the terms and ovisions of a Promissory Note~Loan Ageement 11rc~einaRet.~eferted to as -
"Promissory Note") dated ~~~~g , maturity date 11/2~3 and payabk to Morty~ee, to which Promisaory• Note
r<ierence is her~by made; 131 The payment of any additanal su s ' ters;t thereon t6at may be knt by MortgaEee to Mortgssor except that tM maximum
principal amount serured by the ~1ort~e shall not exoeed S. d~ :(4) Tlx payment of any money that may be advanoed by the AlorigaEee to
~tortgasor for any reason ot to third parties where the amounts are advanced to protect the secunty ot in accordanee with the covenants o( this ~fort~te. ~
11I paymenu made by lHortpsor an the oblipt'an aecured by this Mort~e shall be applied ia the follow~ins order. , ;
{ IRST: To the payment of tues and assessments that may be levted and assessed a6unst said premises, inwrana p~xmiums, repairs, and all other charEes
and e~penses sEroed to be paid by the Mort~or_
SFCOND_ To ttrc payment of interat due on said ban- -
THIRD: To the paymeot of principal-
t(1 PROTt:Ci THF SFCUitITY HERFOI~, MORTGAGOR COYI.NANTS ANU AGRtt:S: 11?To krep ~ad premi.~y mwntil ~g+m.t fin ar?d w:h othrt
.~.~~au~e~ a~ ~M Mur~g~ee may spnify, up to the full value uf aU improrements for the protecliun of ~1ort~tre in wrh mannrr. ~n surh amount.. ~ixl m w.h
~ .~~mpantes a~ MortgaEee may from tirr~ to t~me approve, and /o keep the polKrcs th~rcfor, properly endorsrd. un drposrt with Nortgagrr. ~~xi th~t lu..
pnn~eds Ikss expenses of colkction) shall, at MottSagee's optan, be applied on said indebtedness, whethrr dur or noi or to thr n.tontion uf vd
~ ~mprovctnents. In event of bu Mottgagor w~iU 6ire immedute notice by mail to the Mottpgre who may makr proof of loc. if not mxle prumplly h~
•~I~,rtKaEur. ~nd .ach inwrance company concerned is hereby authorized and d~rected to make payment fur wrh lo~. J~rrrtly t~. Nortgagrr ~n.tcu! uf ~
~i~~rtgaEor. 121 Tu pay all ta~es and special assessments o( any kind that have been or may be kvied or a~vessed upon sawi prrm~x:s. or ~n~• part thrrrof t3) In
~hc rvent of default by Morigagor under Paragtaph~ 1 or 2 abore. Mort~tee, at its option Iw~hether ekctinf to declue thr whok tnJtbtrdnr~. cc.urrd hercb~
lur ~rni culkcti4k iN not), may la) e(fect the inwrance abore ptovideJ fur and pa~~ the reawnabk ptemwm~ arn1 char~+ thrrrfor. Ib1 p+> all wiei ta~e. and t
:.k•~.rrxnts w~thuut dctnrmin~nE the va6d~t~~ thereot, and Irl pay wch I~ens and all .uch dicbur~rment~ shall br derir:rd a part of Ihe ~nJ~htrJne,. v:urcJ b~
h~. MortgaRe and ~hall be ~mmrdutdy due and pa~•abk by Mortjagor to MortEager. I~tl To krrp thr bu~ldir?~. and otlxr impro~•rmrnt. nuN or h~rcaftrr
~ rr.ted in g.wd condition and repair, not to commit ot wffer any wa~te or any u~r of vid premi.r~ contnp~ to rcstricti.~n ur rc:urd or :ontran• to law..
~inancet or rcgulat~ons. oi proper public author~ty, ~nd to petm~t ~tori~er to zntrr at all rcawnabk t~mr. for the putpo+e of in.prrUng tfM premne•. not
rrmure ur demuG~h any twildinE thereon: to compkte w~ihin One Hurnirrd E~ghty 1 tR01 Da~•+ or re.turc promptly and m a gw~d and wurkmanlikr mannrr
hu~ld~n~ which may be conctructrd. damaged or destroyed thercon and tu pap, when Jur. ~11 rl~im. for latx~r prrformeJ and matrnal furni~hrd tl?erelor. ~
Ihat the t~me of payment of ihe indebtcdnr.s hercby xcured, ot of any purUun thrrrof, ma~ br c~trndrd .?r rcrxard arxi an} {+~~thon. oi thr prrmice.
- ~n dcxribed may, wilhout notice, br rckasrd itom the l~rn hereof, w~thout rrlra.~tqt ur afferUaF thr pen~na) bahilit) of am pcrwn ur .urFx~r.~uon to~ thr
~ ~nent of +aid indebtrdnes~ or the lieo of this instrument upon the rcmainder of .ad prrmhr. for Ihr full +muum uf .:wid indrhtrdne~~ Ihrn r~m~~mng
- .e~J. and no ~han~ in Ihc vwnrrsi~~p uf vKt prcm~se~ shall rcka.r. reJuce ur otherw~~r a(fr.1 ~n~ wrh {+~r.un~l lubd~t) un Iha• Ikn h~rch} :rr~trd. 161
!•~t hc +evrd of the ptr+ ~n fer umpk and has good arxl lawful r~ht to ronve~ Ihe +amr: anJ that hr J.k. hcrcb~ furrvrr Narr~nl anJ wdl furrvrr
;_Irnd lhe Utk ~nd posscsstt. ~s~ercof agalnsl thr lawful rlaime o( any and ali prrs.ms whatwevrr.
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