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Home My WebLink About0140 , s ~ . . . -i ~'~~1.034 ~ ~ RF:A1. ESTATE AIOktTCAG~ . ; 16th da o[M~h , l9 79 . Bctween ~a r=~ ~ibson THIS MOR'I'GAGE made this Y an, -M :„~,,,s _ or 81 d Zl. 25th Street . : St. Lueie County. Ftorida. herrinafter called the Mortgagor. and Personal Thrift P1an,Inc. ~ ~ . a 'F+1 nr~ Corporatiun. herc inafter called the ~1or?gagee. ~ ~ Wj'I'IvFSSE'TH: 'That said hiortgagor. in consideration of the principal sufn specified in the promissory note here- ; inafter described. received from 1hc htortgagee, hcreby mortgages and incumbers in favor of the said Mortgagee the real ~ praperty situated in St. i+U.Ci6 County, State ot Floricia, described as follows: ~ , { yot 14s Block 4, less the West 5 feet therof~ in ! II,Dpii~Dp SUSDI4Igiph~ according to the plat thereof ~ on file in Plat Book 8~ page 2~ of the public records ~ of St. Lucie County~ Florida. . ? ~ f i ~ ~ RiCE1yE0 f~Z N PAriEKT Cf TAXES ~ DUE 011 CI~SS 'C ~NTA118:i1E P£RSOi1Al PROPERTy, i t UdS~'aNT TO t HAPTEA 71-13~. ACTS Of i ROBER PCfi4AR ' (X:RX q.'tUMT t~11itT. ST. tW:E 0~. ~ - ~ as securily for the payment of a promissory note. a copy of which is attached hereto. and incorporated herein by reference. The said Mortgagor does covenant with the said tilortgagee that the said ~iortgagor is indefeaslbly seized of said ~ land in fee simple and has t6e full power and lawful right to mortgage and incumber the same, that the said land is free from all incumbrances except as above noted. and that the said btortgagor. except as ab~ve nded, does tully warrant the title to said land and will warrant and de[end the same against the lawful claims of alt persons whomsoever. AND THE SAID MORTGAGOR does further agrec• as follows: i 1. To make promptly all payments required by the above dcscribed note and this mortgage as such payments b~~come due. ~ 2, To pay promptly when due all taxes, assessments, liens, and incumbrances on said property. ! To keep the buitding's' nodn or hereafter on said land insurc~d against damage by fire. lightning, windstorm o~ ~i other casualty ut a sum aot less th`fin the sum secured by this mortgage, in a company or companies satistactory to the i ~~ortgagee, said poticy to be held by and payabte to the Diortgagee to the extent of the indebtedness remaining at the time ` ~~f the loss. If any sum becomes payable uruicr such insurance policy, the ~iortgagee may either apply it to thP indebtedness ~~~cured by this mortgage. or permit thc 314ortgagor to use it for other purposes, without impairing the tien of the mortgage. 9, 'fo permit, commit or suffer no waste, impairmcnt or deterioration of the mortgag~d property. ~ 5. If any payments providc~ci for in the note on :his mortgage are not promptly paid by the Dlortgagor, if the buildings ~ arc~ not kept insured as provideci. or if the ;1lortgagor d~~faults in any of the othrr cove~nants, stipulations, or agreements. ~ th~• htortgagee, without waiving or affecting the option to forrclose, may otherwise perCorm any of the covenants or agree- ; r,~c~nts on bc~half of. the ;ltortgagor, and any and all su~h sums or expenses paid or incurred, with interest thereon from the Q cia*.e of payme~nt at th~• ratc~ of inter~•st pres~ribed in thc~ not~~ ~c~cured by this mortgagc, shall aiso be s~cured by this ~ mortgage. ~ ~ 6. This mortgage lien shal! c~xt~~nd to and include all r~nts and pro[its of thc~ mortgaged propc~rty. in the event of foreclosur~ the court is authorize•d to appoint a rt~~ei~~~r of th~~ mortgag~~d propt•rty and to apply such r~nts or pro[its to the ~ in~tc~bt~~dne~ss here•by secured, r~~gardless ot the~ solv~mc~ of th~• \fortgagor or the• ad~~qua~y of the sccurity. ~ 7. This mortgagc shall exte•nd to and inelu~ic am and all ~~xtensions and re•neuals of th~ hereinabovc~ describecl ~ note and shall also~sccur~• an_y sum or sums that mi~ht b~• t~~;~n~•~i by \inrtqagc•~~ to ~1ortRagors in th~ futurt~ in the sum or sums for which ~lortgagors shail ~~~rcut~• their ni~Kutiabl~• promissorY notc~s, not cxcf~~~~iing ?25,000.00, toQc~th~•r with ~ int~~rest, taxc>s. Irvi~~s. and insuranc~•. ' s ' 8. Ii any paymc~nt pro~~i~1+~d for in th~~ n~~t~• or this mc~rtg.,g~• b~• not pai~i w~ithin thirt}~ days aft~•r it bccum~~s duc. or r i( any agreement of th~s mort~age~ nthe~r than tc~r th~• pr+~•m~~nt of mon~•y is br~~ach~•d, thc~n th~• unpai~i balance, not including ~ !~nf~arn~d ~ntc~rest, shall immc~diat~~l}• b~~comf• du~~ arni pa~•ablc• at th~~ option ~~f th~• ~fortgag~~e. and the ~tortgagce may (orc- g rlose• this mortgage in accordanc~• a~ith prnc~•dure•s ~~tabli~h~~i b~~ l~ti•, and hav~• th~~ prnpi•rty sold to satisfy or apply on the ~ indebtedness h~reby secur~~d. ~ : = - ~ ~ ~ ~ ~ B~oK 3~7 ~~f 140 ' r , ~ ~ ~ _ ~ ~ . < . .t,_ _ ~ ~-~_r'~.<~