HomeMy WebLinkAbout1783 _
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' ~ ~ MORTGAGEE:
1 ~ ~ ztp 44'7'~'S9. -
MORTiiAOE DEED Avco Finnncisl services of
Holly~rood, FL., Inc.
I~aSi MAN[ ?111AT IMITIAI 1.OV1~•A MA~Mr 2502 S. Federal }'wy .
3~n Sturlee Lucille F't. Pierce ,Florida
That Mort~a~or hereby i~u• barpirss. assitrts, turd eonreys unto Mott~agee, the foUowirq described real estate in the County of
St. Lucie ,state or Farida, to wit:
i,et 8 Pinar S<tbdivision
'~1so t~lo•.m for street nluaber~rlg purposes as:
2805 Avenue rl.
Ft. Pierce, FL 33450
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LY CLASS 'C' {YTA11i::3i_ P_r •'1 F `"~~'11I I I f t
;,IIT i0 o7~R 71-.'_4• A~fS_ Q; ~i~s-.. f r ~t: i .~.z
GL _~tK C15iCg1R CpU3tT, SX, ll~t ~ ~ . ~ - s f s ,
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~ i. ~,thrr with all buiktings and improvements now or hereafter erected thereon and all screens, shades, storm sash and blinds, and heating. lighting, plumbing,
i ~s., ckctnc, ventilating, refrigerating and air-~•onditioning equipment used in connection therewith, all of which, for the purpose of this mortgage, shall be
I _+.,rn;cd fixtures and wbject to the lien hereof, and the hrreditaments and appurtenances pertaining to the property above described, all of which is referred to
h: rrmaftrr as the "premisei
I u HAVE AND TO HOLU said land and premises, with all the rights, pnvikges and appurtenances thereto belonging, unto mortgagee and his heir, executor,
E ,.trrunistrators, wcrossurs and assigns. forever.
~t,~rtgagor also auigns to ~furtgagre all rents, iswes and profits of said premises, reserving the right to colkct and use the same, with or without taking
~-.~.kssion of the premises, during continuance of default hereunder, and during continuance of wch default authorizing Mortgagee to enter upon said premises
~•n:) ire colkct and enforce the same without regud to adequacy of any sesvrily for the indebtedness hereby secured by any Irxful means including
,ppumtment of a receiver in the name of any puty hereto, and to apply the same less costs and-expenses of operation and colkction, including reasonable
~n,~rne)~'s fees, upon any indebtedness secured hereby. in wch order as Mortgagee may determine. -
f ctR THE PURPOSE OF SECURING: (1) Performance of each agreement of Mortgagor contained herein; (2) Payment. of the principal sum of
~ c 3~-.9~- with interes~~r as~s ~provided in accordance with the terms any !+?ovisions of a Promissory Note/Loan Agreement (hereinafter referred to as
~ -Prarnissory Note's dated- S~ir4~ ,maturity date 6"12"83 -and payable to Mortgagee, to which Promissory Note
reference is hcreby made. (3) The payment of any money that may be advanced by the Mortgagee to Mortgagor for any reason or to third parties where the
sm,iunts ue advanced to protect the security or in accordance with the covenants of this Mortgage.
•,i' Payments made by Mortgagor on the obti6etion secured-by this Mortgage shall be applied in the following order:
f I RST: To the payment of taxes and assessments that may be levied and assessed against said premises, insurance premiums, repairs, and all other charges
r ~r:d r~penses agreed to be paid by the Mortgagor.
SECOND: To the payment of interest due on said loan.
THIRD: To the payment of principal.
I ~ ~ PROTECT THE. SECURITY HEREOF, MORTGAGOR COVENANTS AND AGREES: 11? To keep sari premises mwred agamt fire and wch other
. ,,ualties u the Mortgagee may specify, up to the full value of all improvements for the protection of Mortgagee in wch manner. in such amounts. and in wch
-~•mpanies as Mortgagee may from time to time approve, and to keep the policies therefor, properly endorsed, on deposit with Mortgagee. and that lou
pn.~~reds (less expenses of colkction) shall, at Mortgagee's option, be applied on said indebtedness, whether due or not or to the restoration of sad
,7 improvements. In event of bss Afortsagot will give immedute notice by mail to the Mortgagee who may make proof of {oss it not made promptly by
11,•rtxagor, and :ach inwrance company concerned is hcreby authorized and directed to make payment for wch loss directly to Mortgagee instead of
~!•rttttagor. (2) To pay all tares and specW assessments of any kind that have been or may be levied or usessed upon said premises, or any part thereof. (3? In
t the event of default by Mortgagor under Puagraphs 1 or 2 above, Mortgagee, at its option (whether ekctin(t to declare the whole indebtedness secured hereby -
1:.,~ and colkctibk or not), may (a) effect the inwrance above provided for and pay the reasonable premiums and charges therefor. (b? pay all said taxes and
~ „~essments without determining the validity thereof, and Icl pay wch liens and all wch disbursements shall be deemed a part of the indebtedness secured by
ih;~ Mortgage and shall be immediately due and payable by Mortgagor to Mortgagee. 14) To keep the buildings and other improvements now or hereafter
re~_ted in good condition and repair, not to commit or suffer any wore or any use of said premises contrary to restriction or record or contrary to laws,
~uJmances or regulations of proper public authority, and to permit Mortgagee to enter at all reasonable times for the purpose of inspecting the premises, not
:rmove or demolish any building thereon: to complete within One Hundred Eighty 11801 Days or restore promptly and in a good and workmanlike manner
.,n> budding which may be constructed, damaged or destroyed thereon and to pay, when due, all claims for labor performed and materul 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
rr:n described may, without 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 inswment upon the remainder of said premises for the full amount of said indebtedness then remaining
,maid, and no chan¢ in the ownership of said premises shall release, reduce or otherwise affect any such personal liability on the lien hereby created. 16?
1 hat he is seized of the premises in fee simple and hu good and lawful right to convey the same; and that he does hereby forever warrant and will forever
z n•frnd the title and possession thereof against the lawful claims of any and all persons whatsoever.
°oe~ ~1~ ~AC;Ei781 _
Of-0456 (R[V 7.7t1 FL