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MORTGAGE DEED Avco Financial services
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~COLF PETER L Ft. Pierce~FL , Flunda
I h,,t Munga~gur hra•by g?anta, bargains, sas4trts, and conveys unto Mc~rtgagrr, late followirgt described real estate in the ('uunly of
ST. LUCIE ,State of hlurida, to wit:
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T,~T. 8 BLOCK 2~ S~UTHER2Z VI~1 t'iDDITI011 ACCORDIPIG TO THv PIy~T T?~tOF, AS R7CORDED I11 PI`4T
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300K 9 PAGE /flt.• ST LUCIE COU2TY
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RECEIVED t ,3! O~ RI PAVMEIET OF TAXf=
OUE OH CLASS 'C' iMTAN6'BlE PEAS~NAL PROPERTY,
)U~S~IJIT TO l:Hl,PTER 71-134, ACTS OF 1911.
ROisER POITRAR
CLtQK G3CUIT COURT, ST. WCiE Ofr R~ 8
~~~.rthtr wrth all bwkfing+ and rmpruvement+ now ur hrrca(ter erected thereon -Jnd ell scrnns, shades. storm sash and blinds, and heating. lighting. plumbing,
~1~. ~kctnc, vrnulaung, refrtgeraung and airr-undiUomng eyuipmrnt acrd in connection therewith. all of which, for the purpox of this mortgage, shall be
,lrrmrd ti\turrs and subleet to the lien hereof. and the hercditamrnts and appurtenanrrs pertainirgt to the property above described, all of which is referred to
7rrrmafter a+ the "premise:
t i) H ~~'f- ArD !O NOLU vW land and pmmrsr+. with JII the right.. prrvikge+ and appurtrnancYS tbereto belonging, unto mortgagee and his heirs, executors.
e,immrstraturs. wrczswn and asstgm. forever. ~
f \t:~rt~egur alw as.ign. to Mortgagee all Hots, iswrs and profits of said premises. rcxrving the right to colkct and ux the same, with or without taking
I~~„kston of t11e premises. dunng eununuancr of default hereunder, and during continuance of wch default authorizing Mortgagee to enter upon said premixs
' end ~a colkct and colorer the vmr without regard to adequac7• of any srrunty for the indebtedness hereby severed by any lawful means including
.+rp~~,ntment of a xccivrr m the name of any party hereto, and to apply the sane less costs and exprnxs of operation and collection. including rcasonabk
.,tr,rrrxy', fee.. upon any indrbtrdnr...reared hrrcby, in wch order as Mortgagee may determine.
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! 1 i)R THE PURPOSE OF SECURING: 111 Performance of each agreement of Mortgagor contained herein: (2) Payment of the princtipa! wm of
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S r 537.12 with interest, as prorided in accordance with the terms and provisions of a Promissory NoteJLoan Agreement (hereinafter referred to as
"Promissory Note"? dated ~a2~'79 ,maturity date ~~F ,and payable to Mortgagee, to which Promissory Note
r~ ~~•rence u hereby made: 13) The payment of any additional sums and interest thereon that may be lent by Mortgagee to Mortgagor except that the maximum
s prm:tpal amount secured by the Mortgage shall not exceed f-~~.~ ; (4) The payment of any money that may be advanced by the Mortgagee to
~ St. ~rtgagor for any reason oc to third parties where the amounts are advanced to protect the security or in accordance with the covenants of this Mortgage.
11I payments made by Mortgagor on the obligation xcurcd by this Mortgage shall be applied in the following order:
I 1 IRST: To the payment of taxes and assessments that may be kvkd and asxssed against said premises, insurance premiums, regain, and all other charges
..nri r\penxs agreed to be paid by the Mortgagor.
$ ~f('OND: To the payment of interest due on said loan.
THIRD: To the .payment of principal.
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t t t) PROTt.(-T THE SF('URITY HEREOF, MORTGAGOR ('OVLNANTS ANU AGRFl:S: 11) Tu krrp said prcmi+r+ mwreJ agatn+t tirc Jnd +uch other
,~ueltir? as the Mortgagee may specify, up to the full value of all improvements fur the protection of MurtgJgrr in +uch manner. in wch Jmount+. Jnd m ,uch
_~~rnpanir+ a+ Mortgagee may from time to time approve, and to krrp the policies therefor, properly endorsed. un deposit with Mortgagee. end That lo++
F,r,~:~rds Ikss r\prnsrs of collection) shall, at Mortgagee's option, be applied on said indebtedness, whether due ur nut ur to the rc+turatiun of vd 6
~mpnwrmrnts. In event of loss Mortgagor will give immedute notice by mail to the Mortgagee who may make pawl of lo++ if not made promptly h}
\t~utgagor. and :ach inwranc~e company concerned is hereby authorized and directed to make payment for wch lus+ directly to Mortgagee rmte.xl of
tit~~rtt:agur. 12?Tu pay all taxes and special asxssments of any kind that have been or may be levied or assessed upon said premises. or any part thrrrof all In
h: event of default by Mortgagor under Paragraphs 1 ur 2 above. Mortgagee. at tts option (whether electing to declare the whole tndrhtednr++ .reared hrrehy
iur and wUectibk ur notl. may la) effect the inwnnce above provided for and pay the reasonable premium. and charge. therefor. Ibt pa} JII vtd tJ\r+ arlJ
."r,.ment+ wuhuut determining the validity thereof. and Ic) pay such 6rn+ and all such disbursements shall br deemed a part of tare mdrhtednr++ vcurrd by
h„ Mortgage and ,hall br immediately due and payable by Mortgagor to Mortgagee. 141 To krrp the building. and other tmpruvemrnts now ur herraftrr
rc.trd in gaud condition and repair, not to commit or wffrr any waste or any use ul vid prrmtsrs contran tr. rr+tnction or record ur .ontrary to law+.
-~_i,nancx+ or regulatwns of proper puMk authunty, and to permit Mortgagee lu enter at all rrawnablr Ume+ for the pur)ru+r of m+pr:hng the prrmt+r+. nut
r,murr ur demuli+h an} building Iherrun: to complete within Onr Hundred Eighty I lx0? Uay+ ur re.tote promptly and in a gusrd Jnd wurkmanhkr manner
i hutWmg which may be con+tructed. damaged or de+troyrd thereon and to pay. when due, all clatm+ for latwr performed end matrnal turnt+hed therefor.
1 hat the tame of payment of the mdrbtrdne+s hrrcby secured, or of any portion thrrrof, ma} tx e\tendrd ur renewed end Jm porhuns of the prcmtsr+
' m dexnbed may, without Holier, be reka+rd from the Iten hereof. without releasing ur affecting the prrwnai 6atnlit} u( am prn.rn or .urpurrUun (or the
9 ment of .aid indrhtrdnr+s or the lien of this instrument upon the remainder of vid prrmtsr+ fur ihs• full Jmount of +Jid mdrhtednr+s then rrmatmng
' •.,,d, and no change in the r.wnrnhtp of vid ptrmt+e+ .hall release. reduce or ulherwi+r affect Jrr} wch prr+unJl haMhn un the Itcn hrreh} ireatrd. alit
rt Err t+ xveJ of the pn•r m frr sample and has gosrd Jnd lawful right to convey the nine: and that hr Jur+ herch} forever wrrrant Jnd wall forcrrr 1
_trnd Ihr tick and pw\cs+tr ~xrruf agatnst the lawful claims of an}• and all prrwm what+ucvrr.
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09.01)S (REV. ~(7ti) ^)`rG(~ ..~.~~1~4J
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