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HomeMy WebLinkAbout2811 ~1~~~~ - ~ .MORTGAGEE: - I •1~AORT~iAOE GEED 4442 Ago Financial servtcea or 3~?0T0Q4 g~11/~y~/~~. Ina. UTAY[ /1AlT IMIf1Al f?Ol/f ['1 MAM[ ~e~ Iawson Esnt Patricia !'t. Fleece, 1rL ,Florida That 11ort~or~tetgby grants. bargains. assigns. and convey: unto Mort~ee. the following described real estate in the County of • e .State of Florida. to wit: Lot ?b, ffiocic !7'9, Onit 9, Indian River Satatea r _ oRwr> p -...;9 - ?i'~ i Also knotm for street nwaberirlg purposess ' -i0 r. 5903 mecca Ft. Pierce, FL 33450 t. o~ w~ • - yt or Received 8 ~ ~ y In Payment OI Texea ~ ~ ~ i r . t - Due On Class "C" Intanpib{e Personal Property, b~ w~ .9 pursuant To Chapter 71, 134, Acts Of 18p71. ~ ~ ; - ~ y;,. ROGER POITRAS ~ s t ' Cterlr Circuit Court, St. lucis. Co., Fla. p~0 wt.r9 _ . y~ J, c ,o~ a t t.lgriher with all buildings and improvements now or hereafter erected thereon and all screens, shades, storm sash and blinds, and heating, lighting, plumbing, electric, ventilating, refrigerating and air-+:onditioning equipment used in connection therewith, all of which, for the purpose of this mortgage, shall be Deemed fixtures and wbject to the lien hereof, and the hereditaments and appurtenances pertaining to the property above described, all of which is referred to t,ereinafter as the "premisei'- 1(j HAVE ANU TO HOLD said land and premises. with all the rights, privileges and appurtenan}es thereto belonging, unto mortgagee and his heir, executor. - aJmtnistntors, wceessors and assigns. forever. Mortgagor also assigns to Mortgagee all Tents, iswes and profits of said premises, reserving the rght to colkct and use the saute, with or without taking p~/,session of the premises, during continuan~r of default hereunder, and during continuance of wch default authorizing Mortgagee to enter upon said premises anJ: ur colkct and enforce the same without regud to adequacy of any security for the indebtedness hereby secured by any lawful -means including appointment of a receiver in the name of any putt' hereto, and to apply the same less costs and expenses of operation and colketion, including reasotubk sitorney's fees, upon any indebtedness secured hereby, in wch order as Mortgagee may determine- ~ l UR THE PURPOSE OF SECURING: (I) Performance of each agrcemenf of Mortgagor contained herein; (2) Payment of the principal sum of S ~~+5A.~with interest, as provided in accordsnoe with the terms and revisions of a Pro 'ssory NotelLoan Agrcement (hereirufter referred to as s "Promissory Note's dated 5~~~ , mattuity date ~ -and payable to Mortgagee, to which Promissory Note i : eference is hereby made. (3) The payment of any money that may be advanced by the Mortgagee ito Mortgagor for any rgson or to third parties where the ~ amounts ue advanced to protect the security or in accordanct with the covenants of this Mortgage. s ;II payments made by Mortgagor on the obligation secured by this Mortgage shall be applied in the following order. I IRST: To the payment of taxes and assessments that may be levied and assessed against said premises, insurance premiums, repairs, and all other charges ~ .end expenses agreed to be paid by the Mortgagor. - SECOND: To the payment of interest due on said loan. THIRD: To the payment of principal. !(j PROTECT THE SECURITY HF.REOP, MORTGAGOR COVh.tiANTS AND AGREES: 11)To keep said premises inwred against fire and such other a,ualties as the Mortgagee may specify, up to the full value of all improvements for the protection of Murtgagee in such manner, in such amounts, and in such .~Impanies u Mortgagee may from time to time approve, and to keep the policies therefor, properly endorsed, on deposit with Murtgagec. and that loss ' i:r~xeeds (less expenses of collection) shall, at Mortgagee's option, be applied on said indebtedness, whether due or not or to the restoration of said In;prnvements. In event of bss Mortgagor will give immediate notice- by mail to the Mortgagee who may make proof of bss if not made promptly by <furtgagor, and :ach inwrance company concerned is hereby authorized and directed to make payment for such loss directly to Mortgagee instead of `•tllrtgagor. 12) To pay all taxes and special assessments of any kind that hate been or may be levied or assessed upon said premises, or any part thereof. (3) In the went of default by Mortgagor under Puagraphs 1 or 2 above, Mortgagee, at its option (whether eketing to declue the whole indebtedness secured hereby Jne and colkctibk or not), may la) effect the inwrance above provided for and pay the reasonable premiums and charges therefor. (b) ay all said taxes and a.,essrnents without determining the validity thereof, and Icl pay such liens and all such disbursements shall be deemed a put of the indebtedness secured by +his Mortgage and shall be immediately due and payable by Mortgagor to Mortgagee. (4? To keep the buildings and other improvements now or hereafter erected in good condition and repair, not to commit or wffer any waste or any use of said premises contrary to restriction or record or contrary to laws, ~~rJrnances or regulations of proper public authority, and to permit Mortgagee to enter at all reasonable times for the purpose of inspecting the premises, not s r•., remove or demolish any building thereon: to complete within One Hundred Eighty 1180) Days or restore promptly and in a good and workmanlike manner - In> building which may be constructed, damaged or destroyed thereon and to pay, when due, a0 claims for labor performed and material furnished therefor. ~ That 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 ! harem described may. without erotica, be rckast~ from the lien hereof, without releasing or affecting the personal liability of any person or corporation for the ' i ay mtnt of said indebtedness or the lien of this instrument upon the remainder of said premises for the full amount of said indebtedness then remaining Inpaid, and no change in the ownership of saw premises shall release, reduce or otherwise affect any wch personal liability on the lien hereby created. 16) I hat 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 defend the tick usd possession. thereof against the lawful claims of any and all persons whatsoever. 3U8 ~n~~ 281 Ol-047! jR[V 7-7lj FL - 1 t rte, . , _ - . _ ..x,.~.