HomeMy WebLinkAbout1102 . MORTGAGEE: ~ /
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MORTaAOE GEED j A~c~ tx`j7arcial Services }
of Iioll~~wood I:1 Inc
1~40~9?~3
•s. r.ut ?t~,r tntrt,~ s?prs[•s w.ur ?3t+5 1t+th Ave Say ;fr
"OSS Art;:ur Irene Vero beach t Florida ~
[hat Mortgagor hereby grants, bargains, assigns. snd conveys unto Mortgagee, the [olbwirtg described real estate in the County of
LUCle ,State of Fbrida. to wit:
S
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Lo'~s 51+ :trd Altaden^ Subdivision, per Plat t!iereg~ t ~
on file in Plat Soak 4, Pale 71, Public Record of St I>titc~et
county, Florida, - '
t
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for street ^;:^'~eri:~~ purposes also '.{-:ore; as: ?0`i .':•re J L't Pierce Fl -
R~oaMd • Mt Payntartt O~ TanN
Dug On Class ?'C'• IManpibMPoraonalPtoPKh.
oursututl To CAapRa? 71,134, Ao~t Of 1971.
ROtiER POITRrA$ ~'o~~{
cte.tr Circuit Court LtacM? Oo., lies. •
i ~ CJC.:_~1M_ :t~iAR~" . - STi~rtiii'^'i. ~ -
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ntgrthrr with aU buildings and improvrments now or hereafter erected thereon and all screens, shades, stone sash and blinds, and heating, lighting, plumbing,
v~~. electric, ventilating, refrigerating and aitrortditioning equipment used in rnnnection therewith, all of which, for the purpose of this mortgage, shall be
,teemed fixtures and wbject to the lien hereof, and the hereditan?rnts and appurtenances pertaining to the property above described, all of which is referred to-
h~ reinafter as the "premises'".
I l) NAVE AND TO HOLD said land and premises. with all the rights, prrvikges and appurtenances thereto belonging, unto mortgagee and his heirs, executors.
s:lministratots, wccessors and assigns. forever.
E ~!urtgagor also assigns to Mortgagee all rents, iswrs and profits of said premises, reserving the right to collect and use the same. with or without taking
~ , a,xssion of the premises. during continuance of default hereunder, and during continuance of such default authorizing Mortgages to enter upon said premises
` ~niior collect and enforce the same without regard to adequacy of any security for the indebtedness hereby secured by any lawful means includirg
eppuintment of a rece"wee in the name of any puty hereto, and to apply the same less costs and expenses of operation asrd'rnlkction, including reasonable
3ttornry's fees, upon any indebtedness secured hereby, in wch order u Mortgagee may determine.
FOR THE PURPOSE OF SECURING: (1} Performance of each agreement of Mortgagor contained herein: (2) Payment of the principal sum of
t " a 323.7'~rith interest the ~s provided in aceordance with the teens and rovisions of Promissory Note/Loan A Bement (hereinafter re[erred to
~c "Prtxntssory Note's dated ~!9 Navina a maturity date of ~~%-~r an payable to Mortgagee: (3)The
pay rnent of any money that may be advanced by the Mortgagee to Mortgpgor or to third puller where the amounts are advanced to protect the security or in
;c.ordance with the covenants of this Mortgage.
X11 payments made by Mortgagor on the obligation secured by this Mortgage shall be applied in the following order:
1=1RST: To the payment of taxes and assessments that may be kvkd and assessed agamst said premises, inwrance premiums, repair. and all other charges
,r•.~1 expenses agreed to be paid by the Mortgagor.
SECOND: To the payment of interest due on said ban.
THIRD: To the payment of principal.
IO PROTECT THE SECURITY HEREOF, MORTGAGOR COVf.;\ANTS AtiD AGREES: 111 To keep said premises inwrrd agatnst fire and wch other
,~ualties u the Mortgagee may specify, up to the full value of all improvrments for the protection of Mortgagee in such manner, in wch amounts. and in wch
~ ..•mpanies u titortgagee may from timt~ to time approve, and to keep the policies therefor, properly endorsed, on deposit with Mortgagee. and that loss
i cr~,.reds fkss expenses of coikction) shall, at Mortgagee's option, be applied on said indebtedness, whether due or not or to the restoration of .said
,r.:provements. In event of bss Mortgagor will give immediate notice by mail to the Mortgagee who may make proof of bu if not made promptly by
~t~~rteagor.:rid :ach insurance company concerned ri hereby authorized and directed to make payment for such loss directly to Mortgagee instead of
s `.lortgagur. (2) To pay all taxes and special assessments of any kind that have been or may be levied or assessed upon said premises, or any put thereof. (3) In :
i ;lie went of default by Mortgagor under Puagaphs 1 or 2 above, Mortgagee, at its option (whether electing to declare the whole indebtedness secured hereby
our and collectible or not), may Ia) effect the inwrance above provided for and pay the reasonable premiums and charges therefor, (bl pay all said taxes and ~
~ ,,,rccments without determining the validity thereof, and (c? pay wch liens and all wch disbursements shall be deemed a put of the indebtedness secured by
!hn Mortgage and shalt be immediately due and payable by Mortgagor to Mortgagee. To keep the buildings and other improvements now or hereafter
rctrd m good condition and repair, not to commit or wffer any wute or any use of said premises contrary- to restriction or record or contrary to laws, 1
~~rd,nancrs or regulations of proper public authority, and to permit Mortgagee to enter at all reasonable times for the purpose of inspecting the premises. not
r, remove or demolish any budding thereon: to complete within One Hpndrcd Eighty (180) Days or restore promptly and in a good and workmanlike manner ~
sn} building which may be constructed, damaged or destroyed thereon and to pay, when due, all claims for labor performed and material furnished therefor. I
, ~ ~ That the time of payment of the indebtedness hereby secured, or of any portion thereof, may be extended or renewed and any portions of the premises
h~ rein described may, wittwut notice, be released from the lien hereof, without rekuirig or affecting the personal liability of any person or corporation for the
pey merit of said indebtedness or the lien of this instrument upon the remainder of said premises for the full amount of said indebtedness then remaining
unpaid, and no change ii the ownership of said premises sha0 release, reduce or otherwise aRect any wch personal liability on the lien hereby created. 16i
That he is seized of the premises in fee simple and hu good and lawful right to convey the same: and that he does hereby fdrcver wurant and will forever
~fefend the title and possession thereof against the lawful claims of any and all persons whatsoever.
- r:u'ed 'oy ~elod~• ~3^'-:a:-s 14t:~ :.vp ~a~ r,~. 'Jerb °each Florida 3~7~0
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