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Home My WebLink About2503 444480 ~ ~ REAL ESTATE MORTGAGE (Please print or type all names and addresses) TNlS MORTGAGE, [Wade the eighth d;,y of - M~ . 19 7 9 , by Ral h Fernandez and Mar aret Fernandez 'his wife (called Mort a or herein) of air awn r. City of ran o to omema ers finance ervice, nc. /a GECC ca e ~ ~ '~ortgagee herein) : -1 $16224.97 W ITN~;~;SET~I shat ~pri~~~~Xdate a promissory note. in the principal sum of - _ ;a~XX ~CXXxxX tth interest at the rate stated therein, payable at the affices of MortR1 ee in 12 0 consecutive monthly installments. each installment in the amount of S 79 3 5 the first installment payable one month from the date of this mortgage unless a different date is inserted bete 6 / 14 / 7 9 , chc balance of installments payable on even date of each succeeding month thereafter until fully paid. NOW. THEREFORE. to secure the payment acrd performance by mortgagor of the promissory note, and the performance of the covenants herein contained and to indtnce Mortgagee to enter into the promissory note with Mortgagor and for good and valuable con. sideration. the receipt of which is hereby acknowkdged, the Mortgagor does hereby grant, sell aid convey tq :Nor~gagee its heirs, executors. successors or assigns the following described real estate situated in the County of Jt . Lue1e Cbtln~y , State of Florida desmbed as follows: Lots 38 39 Block 1508 of PORT ST. LUCIE SECTION 29, a subdivision according to the Plat thereof, recorded in Plat Book 14, Page 8, of the Public Records of St. Lucie County, Florida. t+ring and intended to be miser conveyed to Morgagor by dated 5 / 1 / 7 8 ~ ~ 815 / 8 . Iq XXXX in Florida. Book ~2 , page 10 9 0 in the Office of the Clerk of Circuit Court of St. Lucie .County, Together with the improvements hercditaments, and appurtenances thereto now or hereafter belonging, the rents. issues and profits thereof, and all fixtures now or hereafter attached to or used in connection with the premises described above. To have and to hold the above mortgaged property unto the Mortgagee, Mortgagee's heirs, executors, administrators, successors or assigns, :o Mortga¢x s own (:raper use, benefit and behoof forever, provided that upon full payment and perfomance of the promissory note, and the 1?~eeping and perfnrrtan.-e of all the covenants stated herein, then this Mortgage and promissory note snail be null and void. otherwise to remain in full effect. Any renewal of the promissory note, or the extending of payments of any installment thereof shall not waive any rghts of the Mortgage[ created hereby. Should the prerrtis~~ above described be sold orconveyed or in the event any mechanics, materialmen's, workmen's, judgmentor tax lens lie :.gains[ the premises, or this or any mortgage covering the premises shall be in default, on or after the date hereof or should the promissory note be in default, then the indebtedness secured hereby, together with accrued interest to date shall at the option of Mortgagee immediate)y become uue and payabk, anything therein to the contrary notwithstanding. Upon such default or any default in the performance of the covenants herein, Mortgagee may enter upon and take possession of the said premises, receive the rents and profits therrof and to apply the same toward.tbe payment of taxes, upkeep of the property and the ful lfillment of the covenants of this mortgage; or at the option of Mortgagee, to cause a receiver to be appointed; or to sell or cause to be said the property hereby mortgaged and to convey the same to the purchaser, pursuant to the statute in such case made and provided and nut of the proceeds of such sak to retain the moneys due under the terms of this mortgage, the cost and charge of such sale. and a reasonable attbmey's fee, rendering the surplus mortQy. if any. to the Mortgagor. Mortgagor will keep the premises fully insured against loss by fire and lightning and such other risks as Morgagee may require, with nsurance company or companies satisfactory to Mortgagee, for the benefit of Mortgagee and in default thereof Mortgagee may, but shall not be obl igated to. insure the same. Such expenditures for insurance by Mortgagee shall become so much additional indebtedness secured hereby. Mortgagor shall provide. upon Mortgagee's request, evidence of insurance coverages, which coverages shall also provide for ten 1 10) days' prior written rwtice to mortgagee of any cancellation or material modification of insurance. Mortgagee shall havt the op- I [ion to receive and apply the carne on account of the indebtedness secured hereby or to permit said mortgagor to receive it and use it or .,ny part thereof for other purposes without thereby waiving or impairing any equity, lien or right under or by virtue of this mortgage. No building on the premises shall be removed or demolished without the consent of Mortgagee and Mortgagor covenants not to commit or permit waste of any kind upon or on said property. 1 Mortgagor will pay all taxes. assessments or water rates, and any mortgage installment on this property and in default thereof, `tortgagee may pay the same, but shall not be obligated to do so notwithstanding the security hereby provided for such. Mortgagor shall ~ be in default under this mortgage, and the amount paid shall be so much additional indebtedness secured hereby. i The failure of Mortgagor to gay any part e: any :nstall:nent of taxCS. Jc;essnients o: insurance premiums urger the provrstons of this ~ mortgage at the time or times when such items are due and payable. shall constitute waste within the meaning of applicable Florida law. ~ any amounu paid b} Mortgagee for insurance. taxes. assessments. water rates and an} mortgage installment on this property shall bear interest at the highest lawful contract rate, and shall be paid by tilortgagor upon demand. ylortgagorisl hereb~• relinquish all rights of homestead. This mortga¢e .hall inure to the benefit of the successors and assigns of Mortgagee and shall be binding upon the heirs, executors, e .uccessars and legal representatives of Mortgagor. 1N WITNESS V1'HEREOF, Mortgagor has signed this instrument un the day and year first above written ' Signed a~Deji.ered in t presence oF. / ~ /r z - l -l )Ralph ernandez r• y t 1 ' • t tMortgagor)M aret .Fee nde~ ~r?••o w•irnr•sses must sign) In•pt prior names beneath signature) This instrument was prepared by: S.L. Nicholson ~ _ Homemakers Finance ~rvice, In~.__~1~L~SECC Finalts~a~~~tices - ~ ~ ~ 7.00 LK. • Ellenor Dr . Suite .14 ~;~"}~~ary Sta~~~ JW [address) "'G ~~J Orlando , ~'L 32809 i ti :i.ku.»cntJrr r~rmp.:~rC rtol•atfixed hare, they have bce:t ~ Jfttxrd to the Mute. 4.k _ ~ - _ ~ _