HomeMy WebLinkAbout1334 - MORTGAGEE: ~ /
MORTOAaE DEED `~~1'~a;a3 Avco Fin<~rci*~1 :~erv of
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l het Mortgagor hereby grants, bargains, assigns, and conveys unto Mortgagee, the foUowirtg described teal estate in the County of
c•t 1 ttri ,Stale of Florda, to wit:
17 1S Plock 48~ Unit 1 Wit. Lucie Plri~zx •
r - "''"',Intangible PN:.;a„a1 Pr~rty,
Pt.: .c ~_r~pter 71, 134. Acts Of 1971.
ROGER PORRAS
Clerk Circuit Collet, St. Lu(~, Ca, Fy.
-o known for street numbering purposes as:
~ l., Seneca Avenue
Pierce, FL 33450
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l::~rther with all buildings and improvements now or hereafter erected thereon and all screens, shades, storm sash and blinds, and heating, ligFttirtg, plumbing,
~iectric, ventilating, refrigerating and air~onditioning equipment used in connection therewith, all of which, for the purpose of this mortgage, shall be
~I mrd fixlurcs and subject to the lien hereof. and the hereditaments and appurtenances pertaining to the property above described. all of which is referred to
f ii, rrmafter as the "premises'.
~ iii it:~~'N A(vD TO HOLD said land and prcmtses. with all the rights, privilrgec and appurtenances thereto belonging. unto mortgagee and his heirs, executors.
~!:,uniaraturs, wcc~rswn and assigns. forever.
~f,~rtgagur alw assigns to !llottgagre all trots, tswrs and profits of said premises, rcsemng the right to colkct and use the sarrtr, with or without taking
~•.,~~,ion of the premises. during continuance of default hereunder, and during continuance of wch default authorizing Mortgagee to enter upon said premises
,,n~i ,,r colkct and cnfonr the same without regard to adequacy of any security for the indebtedness hereby secured by any lawful means includtrtg
~;~t~„intment of a receiver in the name of any party hrrcto, and to apply the same kss costs and expenses of operation and colketion, including reasonable
,!!~~rncy', fees, upon any mdrbtrdnrss secured hereby, in such order as Mortgagee may determine.
~ i !?K THE PURPOSE OF SECURING: (1) Performance of each agreement of Mortgagor contained herein; (2) .Payment of the principal sum of
~~,~9_fi5 with interest, as provided in accordance with the terms and provisions of a Promissory Note/Loan Agxcement (hereinafter referred to as
"Pr~~nrissory Note's dated 4-11-79 ,maturity date and payable to Mortgagee, to which Promissory Note
Terence is hereby made. (3) The payment of any money that may be advantxd by the Mortgagee to Mortgagor for any reason or to third parties where the
,;:u~unts are advanced to protect the security or in accordance with the cavemnts of this Mortgage. •
~ it pay merits made by Mortgagor on the obligation Secured by this Mortgage shall be applied in the following order:
I IKST: To the payment of taxes and assessments that may be kvied and assessed against said premises, insurance premiums, repairs, and all other charges
~•.s r~pprrrises agreed to be paid by the Mortgagor.
SI:CONDc To the payment of mterest due on said loan.
I III RU: To the payment of principal.
t ! PROTECT THt SECURITY HEREON, MORTGAGOR COVLtiANTS A`U AGREES: 111 To keep said prcmi~rs mwreii aga~mt fire and wch other
„~,eltirs as the Mortgagee may spr•.:ify, up to the full valor of all improvements for the protection of Mortgagee in such manner. in wch amount.. and in wch
~n~henirs as Mortgagee may from time to little approve, and to keep the policies therefor, properly endorsed. on deposit with Mortgagee. and that los
;,•~;rrds (less expenses of oolkclion) shall. at Mortgagee's option, be applied on said indebtedness. whether due or not or to the restoration of said t
?:f~r,~~ements. In event of loss Mortgagor wiU give immediate notice by mail to the Mortgagee who may make pr~af of lose if not made promptly by
~.f~~rtgagor, and :deli insurance company contxrnrd is hereby authorized and directed to make payment for such lost directly to Mortgagee instead of
~f~,rteagor. (2) To pay all taxes and special assessments of any kind that have been or may be kvied or assessed upon said premises, or any part thereof. 131 In
( ;he went of default by Mortgagor under Paragraphs 1 ur 2 above, Mortgagee, at its optwn (whether electing to declare the whole indebtedness secured hereby
.t;,~ and collectible or not), may (a) effect the inwrance above provided for and pay the reasonable premiums and charges therefor. (b) pay all said taxes and
;.,e,cments wtthout determining the vahdtty thereof, and (cl pay such liens and all such disbursements shall be deemed a part of the indebtedness secured by
rs :h!, Mortgage and shall be immedutely due and payable by Mortgagor to Mortgagee. (41 To keep the buildings and other improvements now of hereafter
F~ r::ted in good condition and repair, not to commit or suffer any waste or any use of said premises contrary to restriction or record or contrary to laws.
~ i,nanres or regulations of proper public authority, and to permit Mortgagee to enter at all reasonable times for the purpose of inspecting the premises. not
• ~ rem„se ur demobsh any bwlding thereon: to complete within One Hundred Eighty (1801 Days or restore promptly and in a good and workmanlike manner
building which may be constructed, damaged or destroyed thereon and to pay, when due, all claims for labor performed and material furnished therefor.
i hat 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
.described may, wtthout notice, be released from the lien hereof, without releasing or affecting the personal liability of any person or corporation for the
.,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
,c, etd, and no change ip the ownership of said premises shall release. reduce or otherwise affect any such personal liability on the hen hereby created. 161
? +~~t he is seized of the premises in fee simple and has good and lawful right to convey the same: and that he does hereby forever warrant and will forever
lrtrnd the title and possession thereof against the lawful claims of any and aU persons whatsoever.
pR 3U7 ~~E 1 X34
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