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~~~'73 MORTGAGEE: ~ .
MORT~iAGE DEED ~ Avco Financial Serviceso! _
• T~ell~s FL.. TnC. ~
441a'98z8 2502 Ss Federnl Hr~r
~ N~NE ~ ~:~1T IM~~IAI l~OYSI~! MAM[
I• RQals . Te~ R. 1''~• 1~'h _ P1 e_e , Florida
f h:+~ Mos{~ot h~reby ~ants. barpins, assiSes. and conveys unto Vortta~e~e, the followina described real estate in the County o[
bL• LtiClA . State ot Fiorida, to wit:
~lat Book~~ ~ge ~i~c"5~ceo~fl~~tt'Ot 2 Sunset Park Subdivision Recorde~ in
~;t.Iucie County .
~1 SO knoxn for street nwmibering purposes as: " T
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RECETYEO Z~,~ M VAYAtENT QF ?AXES oo.M'c r -
~ ' o:: 'i'.i~i F :ll.'EkiY~ ~ yr ` y4a- a • ~ ai~
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OUf C!1 CLASS 'C' ti:TA::G .~L~. .
F J G~ 1371.
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E ;~.:;e;her with all buiWings and improvrments now ot hereafter erected thereon and all screens, shades, storm suh and blinds, and heati~. lishting. plumbin6.
i ~kcinc, venulating, refti~er•rting and air+:ondrtiuning equipment used in conneclion therewith, all of which. [ot the putpose of this mortgaEe, shall be
;i:~m~d fixtures and subjeci to ihc I~en h~reof, and the hercditaments and appurtenances pertaininE to the property abore described, aU of which is referred to
r~: rcin~£t~r as the "premi+r:'.
il•~~'F. AND TO HOLI) 3a~J I~nd anJ prcmise~. w~ith aii thr rights, privikges •rnd appurtenancrs lhereto txlonging. unto mortgagee and his hein, executors.
~.irmm~tr:~lon, wcreswt+ and a.s~gns. forrvet. _
`.t~~;t,e~eur alco a~s~gns tu ~furtgagee all mnts. ~swrc and profits of said premises, tesernng the right to colkct and use the sune, with or withuut taking
,~,,.x~,swn of the prrmises, dunng :onnnuance uf detault hereunder, and dunng conunuance of su.h default authorizing Mortgagee to enter upon said premi;es
~n~ .u collect and enforcr the same without regud to adequacy of ann security for the itxiebtedness hercby secured by any lawful means includina
,F~~~~~intmrnt of a re~river in thc name of any party hereto. and to appty tfie same kss costs and expenses of optration and colkction, including reasonable
;<< ~mc~'~ fees, upon any~ indcbtcdnesc secured hemby, in such order as Mortga~tee may deter,nine.
~ !~.~k THE PURPOSE OF SECURING: (1) Performance of each agreement of Mortgagor contained herein; (2) Payment of the principal sum of
c~Z3~g3 with interest, as ~provided in accordance with the terms and provisions of a Promissory Note/Loan Agrcement (hereinaftrr referred to as
'Pn~missory Note'7 dated 5~1~~` ~ , matutity date 5~~+~~+ and payabk to Mortgagee, ta which Promissory Note
~rieren:e is hereby made. (3) 'R~e.Payment of any money that may be advanced by the Mortgagee to Mortgagos for any reason or to third parties whece the
m ,rnuunts ue advanced to protect ihe security or in accordance with the covenanu of this Mortgaga
~ ~,1; payments made by ~tortgagot on the obligation secured by this Nortgage shall be applied in the followins order.
~ I lRST: To tbe payment of taxes and assessments that may be kvied and assessed aga~nst said premises, insurance premiums, repairs, and all other chuges
~ ,~d e~penses agrerd to be paid by the Mortgagor.
~ S! COND: To the payment oC ~nterest due on said ban.
tHIRD: To ttx payment of principal.
~ i~~ PROTECT THE SF.CURITY HERf.OF, NORTGAGOR COYI.tiANTS AND AGRF.ES: 11) To krrp sa~d prem~x+ mwtrd :qw?rot firr anJ wih other
~ ~~u~ltirs as the Murtg.titee may specify, up to the full value uf al! ~mprovemcntc for the protection of ~fortgagee in wch m3nncr, m wrh amnunt.. anJ in such
ur ~s~anies as ~tort~ee may ftom time to time approve, and to keep the policies thrrefor, properly enJorscd, on depos~t with ~turtga~rr. and that locs
;y ; r,;reds Ikss rxpenses of collection) shall, at Mortgagee's option, be applrcd on said indebtedness, whether due or not or to the rc~toration of v~d
~:pn~vrmentc. In event of loxs !Nottgagor w•ill give immediate noticc by ma~l to the Mortgagee who may makr prex~f uf losc if not ma~ie promptly by
~ '.S~~t[~dgOl, 3R, :arh insuran~Y company conremrd ~s hereby ~uthorized and directed to make payment for surh los~ d~rccUy~ to Nortg~gee instead of
~.t~~rt~:~gur. (21 To pay a0 taxes and specnl asseuments of anp kmd that have been or may be kvird or asses~ed upon sad prrmises, or aoy part thereof. 13) In
~i;:~ tivrnt_of default by Mortgagor under Puaanphs 1 or 2 above, NortgaEee, at its optwn (whethet ekcUng to declue the whok indebtednec+ securcd hereby
, u~ and colkct~bk ot not), may (al effect the inwrance abore provided for and pay the reuonabk premeums and charges thercfor, (b) pay all sa~d taxes and
" .:ments w~lhout detetmining the validity theceof, and (cl pay wch Itens and aU wch d~sbursementa shall be deemed a put of ihe indebtednesti ~erured by
~ ~n~, ~tortgage and shall be immediately due and paYable by Mortgagor to Nortgagce. 141 To kcep the build~ngs and other improvements novr or hereafter
~ s:•. ted in goud condition and repav, not to commit or suffer any w~aste ot any use of said prcmises contrary~ to rcstnction or rccord or contnry to law~s. 1
~r.linancrc or regulations of proper public authotily, and to permit Mortgagee to enter at all reasonable timec for the purpose of inspectin6 the premices, not
~ ~ r~move or demoGsh any building thereon: to complett within One Nundred Eighty U80? Days or restore prompAy and in a goud and workmanl~ke manner I
~ ~n~ huilding which may be consWcted, damaged ot destroyed thercon and to pay, when due, all ciaim~ for labor petformed and matenal fumished thercfor. +
: ihat the Ume of payment of the indebtedneu hereby secured, or of any poruon thereof, may be extended or rcnrwed and any poriion~ of the premises
~ c. ~n described may, wrthout notice, be rekased from the lien hereof, without releuinE or affecting the personal liability of any person or corponuon for the
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:nrnt of stid indebtedness or the liea of this instrument upon the remainder of said premises for the full amount of said indebtedness tMn rcmtimng
;~,~iA, and no change ~n the ownership of sa~d prem~ses shall rekase. reduce or othervvise affect any such personal liabi6ry on the I~en hercby created. 161
~ i'.at he ~s seized of the prcmises in fre simpk and hu good and lawful right tu cunrry the same: and that hc dces hcrcby forevrr wurant and wdl forever
~ i~ tend the titk and posseuion thereot aaainst the lawful claims of any and all persons whatsxver.
~ gL,~., 31U 360
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.i~'+.~'-fi 09-0l77 (RE`J 7-l~~ Fl