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Home My WebLink About1681 MORT~iA~iE DEED Arco ~ ^°„y^.iT~~ aTTpr~"j °AA °f . r r, u~~ ~".ta r a.. .N+~ ~r~nu .nou~~'~ r.u1 ?rj~'~~i+A[~Et<1`~_l•{VY 3 ~ ~jj~LA Wilbert M. Bennette C• TTt Pit;rna , Flutida 1 h.,t Mortgagor hereby }regrets, batfaurs, assittns. and runvrYs unto Mc•rtga~rr. the fulbwitgt drscnbrd real estate in ihr (~ounty of St. Lu e _ ,State of I~brwla, to w•it: i t Lot 26, Blk.4~ Bel-Aire Estates.i St. Lucie County FL. as recorded in Plat Book 14, page 21, Public Records R~1trod f1 ~-O of St. Lucie County, Florida. Dos On Cless is P+~t a Ta~c°a t'u?susot To C C ittyt~~ Pereottel Property Also known fo r street nwmbering purposes as: ~°r 71~ Acre Of 1871. 524 Palomar Street ROGER POITRAg Ft. pierces FL 33450 c~ Cl~u~ Courlti r r °~~ro a4 we w ' r y~.~~. O t9 Q~.~- ~r9 . pow d ? ~ RIO ~ <O_ p10r ~~OR1 ' ~ Ir ~OR10 ~~Op10r _ IE s ~ ` i s-rcn a.. r. < _ ~~R~or _ - E T s: - tu~,ethrr with all buildings and improvements now ur hereafter rrectesd thereon and all screens, shades, storm sash and blinds, and heating. lightirtg, plumbing, za,, ckctric, ventilating, rcfrigrrating and :ur-sunditiuning tyuipment uad in connection therewith, all of which, for the purpose of this mortgage. shall be ;teemed futures and wb~ect to the lien Itcreof. end the hrrcditamrnts and appurtrnancrs pertaining to the property above described, all of which is referred to hrrcmaftrr u the "prcmisr~'. i 0 H.AYE AND TO MOLD said land and premiers. with all the rights. privikges and appurtenances thereto bebr?girtg, unto mortgagee and hii heirs. executor. i administntun. wi:ceswn and assigns. forever. `lrtgagor also assigns to Mortgagor all trots. issues and profits of said premiers, reserving the right to colkct and use the same, with or without taking pasrssion of the premiers. during cYantinwncr of default hereunder, and during crontinuance of wch dcfault authorizing Mortgagee to enter upon said premises anJ: ur colkct and rnfon-r the same without regard to adequacy of any security for the indebtedness hereby secured by any lawful means including appointment of a -rccivrr in the name of any party. hereto. and to apply the same kss costs and expenses of operation and colkction, including teawnabk etturney's Pecs. upon any mdrbtcdncss secured hereby. ai wcfrorder as Mortgagee may determine. i OR THE PURPOSE OF SECURING: Il) Performance of each agreement of Mortgagor contained herein: (2) Payment of the principal wm 6f S 14.649.46 with interest, as provided in accordance with the terms and provisions of a Promissory Note/Loan Agreement (hereinafter referred to as "Promissory Notes") dated Q~1'r~~~ ,maturity date and payabk to Mortgagee, to which Promissory Note reference is hereby made; (3)The payment of any additional sums and interest thereon that may tie knt by Mortgagee to Mortgagor except that the m>ximum pnnctpal amount. murex by the Mortgage shall not exceed f. : (4) The payment of any money that may be advanced by the Mortgagee to Mortgagor for any reason or to third parties where the amounts arc advanced to protect the security or in accordance with the rnvenants of this Uortgage. Ati payments made by Mortgagor on the oblig?tion secured by this Mortgage shall be applied in the following order: FIRST: To the payment of taxes and assessments that may be levkd and assessed aganst said premises. insurance premiums, repairs, and a!1 other charges anJ expenses agrexd to be paid by the Mortgagor. SECOND: To the payment of interest due on said ban. THIRD: To the payment of principal. Its PROTI•.CT THE SECURITY HFREOf=, MORTGAGOR ('OYh.NANTS AND AGREI{S: II?To krrp saws prrmixs mwrcJ aga?mt tirc and +u:h other :.,+ualtira a the Mortgagee may specify, up to the full value of all improvements for the protection of Mortgagee in wch manner. in wch amount+. anJ m such . ompanies u Mortgagee may from time to time approve, and to keep the policies therefor, properly endorsed. un deposit with ~lortgagrr and that to+s proceeds Ikss expenses of rnllection) shall, at Mortgagee's optan, be applied on said indebtedness, whether due or nut or to the rr+toratiun ul sakd ~ improvements. In .event of bss Mortgagor wiU give immediate notice by mail to the Mortgagee who may make proof of l?ss if nut made promptly by ~lurtgagor, and :ach inwranct company concerned is hereby authorized and directed to make payment for w,ch los+ directly to Mortgagee imtrad of Mortgagor. 121 To pay all tree and special assessments of any kind that have been or may be kvied or assessed upon said premises. or any part thereof 131 In ~ the event of dcfault by Mortgagor under Puagraphs 1 ur 2 above. Mortgagee. at its option Iwhelher rkctirgt to dectue~tt?r whuk indrbtrdnrs+ secured hereby .lur and cullectibk or not), may (a) effect the mwrutce above provided for and pay the reawnabk premiums and charges therefor: Ihl pay all +ard taxe+ and ,,,e+srrtrnts without drtrrmimng the validity thereof, and Ic1 pay such liens and all such disbursements shall br deemed a part of the mdrhtrJnes. ~currJ by h„ Mortgage and shall be immediately due and payable by Mortgagor to Slortgagre. 141 To krrp tlrr buildings and other improrrmrnt+ now or hrrraltrr veered in good condition and repair, not to commit or wffet any waste or any use of vid prrmr+cs contrary to restriction ur rrcurJ or .untnry to law+. Jtnancts or rrgulalions of proper public authority, and to permit Mortgagee to enter at all rra+onabk timr+ for the purpose of in+prcung the prcmtsr+. nut remove ur demuh+h any building chevron: to complete within One Hundred Eighty 11801 Days ur rr+rorc promptly and in a gsxxd and wurkmgnhke manner . building which may be constructed. damaged or destroyed thereon and to pay', when due, alt darm+ for latwr performed and matrnal furm+hrd thrrelur. That the time of payment of the indebtedness hereby secured, or of any portion thereof, may hr extended ur rcrxwrd and any p~~rhun+ of the prcmt+r+ rn described may, without MNicr, br released from the hen hereof, without rrlra+irrg oraffechng the prr+unal baM6ty of any person ur .urlxxatron for the mrnt of saw inJeblydnrss or the lien of this instrument upon the remainder of ,aKi prrmi+rs Cor th. full amount of +aiJ mdrhtrdnr+s Ittrn rrmarmng yard, and no change in the ~,wnrnhip of sawl premiers shall release, redurr ire otherwise affect any +urh prrwnal 6abihty un the Irrn hrrchy crratrJ. 161 i yet Ire is +riird of the peer. :ws m ter simple. and has gaud and lawful right to convey the wine: anJ Thal hr dur+ hrrchy turrsrr warrant anJ will forever :;trod lhr lick and pusscssrs rttereof against tltc lawful claims of any and all persons whatsoever. ~ R E ~ l..a.--.-F A- T%}In ~'~rn. of Florld~_ - sooK 3(k3 ~c.16?9 , 09-Oa7a tAEV- rna) ' ~ ~ r=~ r