HomeMy WebLinkAbout1520 AA pp~~~ ~ - -
MORTGAGE DEED ~v_C!?__L''i^rar,ni ni c:n»vi cfJS_nf
~
79200556 Ho].]~,'~~.s-tel. r--Inc.-- - - -
-.P,,,..r w...r 2
0„ 2 S. Federztl liwv
r ~ ~a Pi eree , Florida
i- -
I n.,t \lurtgagur herchy grants, bugans, aasgem, and conveys unto Mc~rtg:gtrr, the lulluwing drxnhrcl real estate m the ('aunty of
~ j,~tei a ,State ul• 1 lards, to wit:
Lit. ?.27 Sherrtton Plrtzu Unit 3 ~ Plz+ Eook 16 PrtSe 12~ ^t{Lucie County
9- ,~'a M payment pl Tt~w
Received ~ --i~=""'°~ PsttuonN P~'oPMtY•
pip On Class "C" IMen9
pun:uant To Chapter 71. 134. t>~ ~ gym'
ROGERPOITRr118 qty ~Y,t.~ z~_F,}"4~-~~k
a.rit cx(~ cot~lt. st. tom. w. / F •{197 :.ar•
pP~~~ . ~ r,~- .
,
~ ~ .a
;o kno~rn for street nunberinS Purposes ns ~
. ~r7 Mal}:er Driver Ft. Pierce, FL 33~ 50 - . - - - .
~ _ -
- -
- -O"- -
t~~_rthrr with all hmldmg+ and unpnwrmrnt+ now or herca(trr erccrcd thereon Jnd all screens, shade+, storm sash and blinds, and heating. lighting, plumbing.
rkctnc, ventilating, rcingeraung Jnd Jtr-cundttiumng rywpmrnt used in connection therewith. all of which, fur the purpose of this mortgage, shall be
,i~~med ti~turcs and whwct ar 1hr lien hereof. Jnd the hereditament, and appurtenances pertaining to the praprrty alwve described. all of which is referred to
~ herrrnaiter a+ the "prcmt+r:
i
I t) 11 \\'F \\D i0 HULD wid land and prcmrxs. wuh :ell the right,, pnvikgr+ and appurtrnancr+ thereto belonging, unto mortgagee and his heirs, executors
esmmr+tratur+, wcez++ur+ and a++ign+. forever.
{ \furteJgur alw Js+igm to Mortgagee all rent+- iswr+ and pratits of said premise,, resrmng the rgtht to colkct and ust the same, with or without taking
[`~~.x>,ion of the premix,. during continuance of drlauh hereunder, and during cuntinuancz u( wch default authorizing mortgagee to enter upon said premises -
.rnd ar collect end enforce the wme without rrgud to adryuacy of any seventy for the indebtedness hereby secured by any lawful means including
.,pp~nntmrnt of ~ receiver m the name of any poly hereto, aril w apply the wme less costs and r~prnses of operation and collection, including reawnabk
~tt~~rnry'+ frr+- upon any mdrbtrdne++ x.urcd hrrrhy. in wrh order as M (gager may determine.
t OK TI(F. PURPOSE OF SE('URING: Ill Performance of rack agrcemen Mortgagor contained herein; (21 Payment of the principal wm of
S :n~vl~ with interest, u provided in accordance with the terms and provisions of a Promissory Note/Loan Agreement (hereinafter referred to as
"Promisso Note"? dated 5-79 ~'~-~~g3
ry ,maturity date ,and payable to Mortgagee, to which Promissory tiole
r: rence is hereby made, (31 The paymcnt of any additional wms and interest thereon that may be lent by Mortgagee to Mortgagor except that the maximum
I,rm: real amount securctil by the Mortgage shall not exceed S- : (41 The payment of any money that may be advanced by the Mortgagee to
\!„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 lfortgagr. -
~il payments made by Mortgagor on the obligation secured by this Mortgage shall be applied in the following order:
i IRST: To the payment of axes and assessments that may lee levied and assessed against said premises, insurance premiums, repairs, and all other charges
~ ln~ cspenses agreed to be paid b the Mortgagor-
SfCOND: To the payment of nterest due on said loan.
t ill RD: To the payment of p ncipal.
I t) PKOlf.(T THi SF('!'RIT HF-Ri01 . MORTGAGOR (~OY1 1!A\iTS AtiD AGRiI S: I I 1 To keep wed premix, mw«.1 Jgarmt tier Jnd .uch other
i ~~::alhr+ as the Mortgagee may •cify, up to the full valor of all improvrmenh for the protection of MurtgJgrr to wch mrnnrr. m +uch Jmount>. Jnd rn w.h •
•n~panrr+ as Mortgagee m rum time to time approve, aril to krrp the pohcir+ therefor, properly endorsed, tin deposit with \turtgJger. Jnd That lu+.
- i~r~~._•rds Ik~+ expenx+ of culkctiunl shall- at Mortgagee's option, be applied on sad indrbtrdnrs+, whether due ur nut or to the «>turatiun tit Ud ,
:mpn,vemrnt+. In event of loss Mortgagor will give immrdutr notice by mail to the mortgagee who may make prrwf of la++ it nut mJdr prornplly by
r ~1+,rtKagor. and :ach mwrancr company cuncrrned is hereby authorttrd Jnd directed to make paymcnt for wch lo++ dirrclly to \lurtgJger rmtead of
• ~t„rt~agur. 121 Ta pay ail faze, and special a~xssmrnt+ of any kind that have been ar may be levied of a+sr+xd upon wtd premise+. or any part (hereof 1 t? In
e ~h~ ~vrnt of default by Mortgagor under Puagraph+ 1 ar 2 above. Mortgagee, at ih option (whrthrr electing to declare the whole mdrhtrppdnr+..r:urrd hrrrhy
i ~.>m~nt+llwithout rdetrrminm y tltet vahdtt !httirrcota Jnd b
IvcaPrwcFr Gem d JII }uch dnburxm~o + +h II hc• dr m d a, art r t tbel nldrhtedhr+.act u«:1J~
g ) P) P
big \lortgagr Jnd .hall be immrdrately due Jnd payable by \lotlgagor to Mortgagee. 141 To krrp the huildrng+ and other rmprosement> now or hrrrJtter
s trd m good condition and rcpau. not ro cammit ur wlfrr any waste ur qny u+r tit wrJ prcmr>r+ .untrary to rrstnchon ur urd or .outran tr. IJw>-
~ linanrr+ or rrgula!run+ of pnrper publii authority, Jnd to permit \lurtgagre br enter Jt JII «a+unahlr time. fur the purprr+r of m>pc•.hng the prcmrx>. nut
r, move ur demulr+h Jny hmidinK tberron: to campktr within Onr Hundred Erghh 1 I!ilt? Day+ ur « .turn prompth and in a gaud Jnd workmanl:kr mrnnrr
hurWrng which may ter run,tructrd. damaged c.r.dr+tmyed thereon and to pJy. whin due. ell .IJrm+ fur labor prrfurrnrd Jnd mJ1rnJ1 turnr+hrd therefor
I hat the hme of paymcnt of the rndrhtrdne.+ Irerrhq xcurrd, or of Jny prrition the«al: may Fx e+hnded r.r rcnc•wrd Jnd Jny poruon> tit the p«mr+r.
u. drxnhed may, without noUir- tx relerxd (rum lhr Irenlrerruf. wilhaut rclrJ+rng or aflr.hni th.• prr+onJl hrhrhty of Jm per+rro ur .orporatiun L.rr the
t mrnl of wed indrhlcdnc++ ur 1he Irrn of (his rnstrumrnt uprrn the remainder of wed prcrnrv+ for the full Jmuunt tit +Jrd mdrhtednr++ Ihrn remrrmng
g ~ei,l• end nu .hangs in the , wnrr+hrp of wed 'p«mtx, ehJll «kJ.r. «durr ur Othrrwr.r Jlfr.t Jny w.h prrwnJl hahrlrh on the ben hr«M .«Jtrd. Ih1
€ ,t hr « vved of the p«•~ rn Ire +rmplr anJ ha. gewd end Irwfu) right to convey Ihr wms. Jnd that h.• dra•> tirrehy tarrcrr warrant Jnd well torevrr
fend the h11r Jnd pusx++r. mecca( Jgarn+i the lawful claim, ref Jm mil JII prrWrn+ what+u•srr.
so~~ 3U7 ~E15?0
':9 Ol7S (REV r/7{1
i9
~