HomeMy WebLinkAbout1877 .
438309 ~+ORTC:~c:l~,~.
MOi~T~iAGE ~E~D ? ~ Avco Finrsncictl Services of
• l •~M M''~~.
_ .~.~,,,r 2,~,n2 s. Federal Pte;
B Ft,,,..Pi arse , Florida
{ iut Mortgagor hereby grants, bargains, aasigrts, and conveys unto M~•rtgagrr, tltr following drxribrd real estate m the ('uunty of
St. Luei ,State ul hlurwla, to wit:
i
i,ot Lt2~ Block 27, I13DIAid RIV'~F r.STAT~Sa UNIT as ;-~~v` _
~p Wr jq,
nee plat thereof recorded ir. Plat BOOk 10~ Page ~
75 Of the Public Rec:Brds f St. Lucie CQunty~ FlBrida p~o~ ~
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~~p s~_ 1N PAYir?ENT OF TAXE>;
pgE NI CLASS 'C' IH?~'tS BiE P:RS81i-sl PROPERI~I~
• lIWSUAN'T TO CNAPT: 71- 4, RCfS Of
RSBi:R POITR~
C~ CiACYR COWtY, tT. LYCIE ~
.,~crthrr with all buildings and improvements now or herca(tcr erected Ihrrrun and all screens. shades, storm sash and blinds, and heating. lighting, plumbing.
electric. ventilating, refrigerating and air-cundrtiuning eyuipmrnt used in cunnrctiun thereNith, all of which, Cor the purpose of this mortgage, shall be
termed futures and sub)ccl N the lien hereof. and the hrrcditamrnts an+l appurtenances pertaining to the property above described, all of which is referred to
hrrrrnaftrr as Iln "prcmi+c:'.
C I It H~~~'E A~iU f0 HOLD said land and premise+. with all the rights. prrvikgec and appurtenances tbereto belonging, unto mortgagee and his heirs, executors.
e~~mmstrotuu, wrcxswrs and assigns. forever.
~ ~t~,rtgagor alw assigns w Mortgagee alt rents. iswr? and profits of said premises. reserving the right to colkct and use the same, with or without takirig
i~,,.xs,ron of the premises. during cuntinuancr of default hcrcunder, and during continuancx of wch default authorizing Mortgagee to enter upon said premises
F ,n,i or colkct and enforce the same without regard to adequacy of any security for the indebtedness hereby secured by any lawful means including
p,nntment of a xcrivcr in the name of any party hereto. and to apply the same less costs and etpenses of operation and collection, including reasonable
~u„rrx}'s fern. upon any indrbtcdnrss secured hereby. in wch order u Mortgagee may determine.
t (1K THE PURPOSE OF SECURING: (1) Performance of each agreement of Mortgagor contained herein: (2) Payment of the principal wm of
5 1,045.55 with interest, as provided in accordance with the terms !andAprovisions of a Promissory NoteJLoari Agreement (hereinafter referred to as }
Promissory Note") dated ~9~~ ,maturity date 3~1[~O~i ~ and payable to Mortgagee, to which Promissory Note
r; i~rrnct is hereby made; (3) The payment of any additional wrr~s angel in23 est thereon that may be lent by Mortgagee to Mortgagor except that the maximum
~rmrrpal amount secured by the Mortgage shall not exceed S- bar ~ : (4) The payment of any money that may be advanced by the Mortgagee to
~i,,rtgagor for any reason or to third parties where the amounts are advanced to protect the security or in accordance with the covenants of this Mortgage.
~1I payments made by Mortgagor on the obligation secured by this Mortgage shall be applied in the following order:
I IRST: To the paytrient of taxes and assessments that may tie kvkd and assessed against said premises, tnsutance premiums, repair, and all other charges
.,n,1 r~penses geed to be paid by the Mortgagor.
~ SfCOND: To the payment of interest due on said ban.
THIRD: To the payment of principal.
(i i PROT1~.(T 1 HF. SECURITY HE REOE. MORTGAGOR COVh.NANTS AND AGREES: 111 Tu keep said premise. rnwrcd agermt tier and w.h athrr
e~ueltirs as the Mortgagee may specify, up to the full valor of all improvements fur the prolectiun of Mortgagor m wch manner. in wch amount+. anJ m w:h
.:+mpanies as Mortgagee may from lime to time approve, and to keep the policies therefor. properly endorsed. un deposit with ~lurtgagrr. aril that lu++
- ;~m.rrds (less expenses of collection) shall. at Mortgagee i option. be applied on sad indebtedness. whether due or nut ur to the re+turauun of wed
,mpr.,vrmrnts. In owent of bss Mortgagor will grvr immediate notice by mail to the Mortgagee Nho may make proof of (os+ if nut made prurnptl} h}
st,+rtgagor. and :ash inwranrr company concYrncd is hereby authorized and dirrctrd to make payment for such lus+ directly to \tortgagrr rn.teed of
~,~,rtKagor_ 121 To pay all taxes and special assessments of any kind that have. been or may' be levied or a+scssed upon said prrmrsrs. ur any part thereof i 31 1n
r.nr <vrnt of default by Mortgagor under Paragraphs I ur 2 above. Mortgagee, at its option Iwhrther electing to declare the whole indrbtrdnrs+ secured perch}
;ur and culkctibk or not), may ta) effect the inwrance above provided for and pa}• the reasonable premiums and charges therefor: Ihf pr} all +erd raze. and
~K~.,mcnts without determining the validity thereof, and Ic1 pay wch liens and all wch disbursements shall be deemed a part of the indrhtrdnr++ +rcurrd by
!n~ Mortgage and .hall be immrdiatel}• due and payable by Mortgagor to Mortgagee. 141 Tu keep the buildings and other improsrmrnt+ now ur hrrraftrr +
a rr.trd in gixxi condition and repair, not to commit ur suffer an}_ waste ur any use of said premise. contrary to restriction ur record ur :antran' to law+.
Jmancrs or regulaUom of proper public authurit}', and to permrl Mortgagee to rMrr at all rcas+rnablr times for tln purpose of mspr.ting the prtmr+r+. not ~
remove ur drmuhsh any building thereon: to complete within One Hundred Eighty 11801 Uays or re.lure pmrnptly and in a good end auri:menhke manner
pudding which may tx comtrurtrd, damaged ur destroyed thereon and to pay, wixn due, all seems lur labor performed and material tu~~rshrd therefor.
1 hat the time of pa}mrnt of the mdrbtedness hereby' +rrurrd, or of any purtivn thereof, may Ix rstrndrd ur rcnrard and any purhun+ of the prcmi+r+
rn dexribed may, without naUcr, be rclea+ed from the Iran hereof, without relrasrng ur affertmg the prr+unal Irahrht} of em prrwn ur .urpurauun for the
mint of vid indrhtrdnca or the lien of this mstrumrnt upon the remainder of ,aid prrmi+rs fur Ihr full amount of said mdrhtrdnr+. thin rrmarnrng
•eul, end no ohangc m the ~ wnrrshtp of said premrsrs shall rclea+r. redu~Y ur uthrrwrsr affect en} su:h prr+rrnal hehrbh un the hen hrrrM .reared. 161
,t hr rs srvrd ~rf Ihr pre, rn fir srmplr and has gixrd and lawful right to cunvr} the same. and ihrl hr d~a•s hr« h} fi.rr+rr warrant enJ aril foresee
I:•nd [tic title and pusscssi~ r!icrcof against the lawful claims of any and all prrsuro what++xvrr.
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