HomeMy WebLinkAbout1785 • ~T / ~OS~ '4~~60 MORTGAGEE:
MORTOA~iE DEED Avco Financial Serd.ces of
Hollyuc~od, FL.i Inc.
6 008116 2502 S. Federal Hwy*
rout rua• ,wn,~? soouat•s y~ut
Pixie Wi.llir!m F Juanita Ft. Pierce ,Florida }
That Mor~ior hereby grants, barsains, assegns, and conveys unto Mortgagee, the folbwing deuribed real estate in the County of
St• ~i1C~a .State of Florida, to wit:
~t g Rlock ~ of Iakeuoo3 Park Subdivison
:?~corde3 in St.Lucie Count) Records
'?.so knoKn for street numberin; purposes as:
',y0? Lakecfood Park Drive
Pierce, ~^Z 33450 ;
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b_._._=~' 1?t PA'iM:NT rSi TAX_S
' ~ oo we RECENEO Z
o - - -4 0, v ? r. DIiE OY CIA~S 'C' itiTRliG'3!E PzR":':lei FI[4FErZ
j'~ m. r y fUFSJAl1i T'J 'R :;'i.R 71-t°4, ACiS OE 1971._
RJ::ER PCITF'.i1T
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t,,g~ char with all buildings and improvements now o thereon and all screens, shades, storm soh and blinds, and heating. lighting, plumbing,
electric, rentilatittg, refrigerating :end air-ronditi[.ning equipment used in connection therewith, all of which, for the purpose of this mortgage, shall be
_;_crmJ 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~ r:•,naftcr as the "premises". ,
i l u 111~'F Af\D TO HOLD said land and premiers. with all the rights, privileges and appurtenances thereto belonging, unto mortgagee and his heirs, executors.
,.irmnutraturs, wccessors and assigns. forever.
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s ii,~rtgagur also assigns to bturtgagee all rents. iswes and profits of said premises, resemng the right to collect and use the same, with or without taking
p.~,x>eion of the premises, during continuance of default hereunder, and during continuance of wch default authorizing Mortgagee to enter upon said premises
,n.1 ur collect and enforce the same without regud to adequacy of any security for the indebtedness hereby secured by any lawful means including
~t•pu,ntment of a receiver in the name of any putt' hereto, and to apply the same less costs and expenses of operation and collection, including reasonable
„t.~rncy's fees, upon any indebtedness secured hereby. in wch order as Mortgagee may determine.
[ t)R THE PURPOSE OF SECURING: (1) Performance of each agreement of Mortgagor contained herein: (2) Payment of the principal sum of
i -?7'3.6:3 with interest, u provided in accordance with the terms and provisions of a Promissory Note/Loan Agreement (hereinafter referred to as
~Prumissory Note's dated .maturity date 6-15-~ .and payable to Mortgagee, to which Promissory Note
r: terence is hereby 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
:mounts tie advanced to protc[a the security or in accordance with the covenanu of this Mortgage.
day merits made by Mortgagor on the obligation secured by this Mortgage shall be applied in the following order:
" t IKST: To the payment of taxes and assessments that may be levied and assessed against said premises, Insurance premiums, repairs, and all other charges
,t rsprnses agreed to be paid by the Mortgagor.
SECOhID: To the payment of mterest due on said loan.
THIRD: To the payment of principal.
3 1 r t PROTECT THE SECl1RITY HEREOF, MORTGAGOR COYI:KAivTS AND AGREES: 1 I) To keep sari premixs inwred agatmt fire and such other
.:,.raltirs tithe Mortgagee may specify, up to the full value of all tmpruvements for the protection of Mortgagee in such manner. in such amuunh. and in such
:nt~anies as Mortgagee may from tithe to time approve, and to keep the policies therefor, properly endorsed, on deposit with Mortgagee. and that loss
s ; .,,~~•eds Ikss expenses of cotkction) shalh at Mortgagee's option, be applied on said indebtedness, whether due or not or to the restoration of said
- ,proverttenta. In event of bss Mortgagor will give immediate notice by mail to the Mortgagee who may make proof of loss if not made promptly by
~1,~rtKettur, and :ach inwrance company concerned u hereby authorized and directed to make payment for such loss directly to Mortgagee instead of
tt, ~rt~agur. (2) To pay all taxes and special assessments of any kind that have been or may be levied or assessed upon said premtses, or any part thereof. 131 In
? ~ t:. event of default by Mortgagor under Puagtaphs 1 ur 2 above, Mortgagee; at its option (whether electing to declue the whole indebtednesz secured hereby
end coUectibk of not), may (a) effect the inwrance above provided for and pay the reasonable premiums and charges therefor, (b) ay all said taxes and '
_~~.,~ments wtthout determining the validity thereof, and Icl pay such liens and all such disbursements shall be deemed a part of the indebtedness ucurcd by _
th~~ Mortgage and shall be immediately due and payable by Mortgagor to Mortgagee. 14) To keep the buildings and other improvements now or hereafter
ti r.. red 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,
~ 1rr:ances or regulations of proper public authority, and to permit Mortgagee to enter at all reasonable tames for the purpose of mspecting the premises, not
ti r • rtm:ive ur demolish any building thereon: to complete within One Hundred Eighty (1801 Days or restore promptly and in a good and workmanlike manner
,nc building which may be constructed, damaged or destroyed thereon and to pay, when due, all claims for labor performed and material furnished therefor. e
r ~ . Thd the tune of payment of the indebtedness hereby ucured, or of any portion thereof, may be extended or renewed and any portions of the premises ;
r, i rr_,n described may, wtthout notice, be released from the lien hereof, without releasing or affecting the personal liability of any person or curporatiun for the
~ ,•.:nent of said indebtedness or the lien of this instrument upon the remainder of said premises for the full amount of said indebtedness then remaining
a ~~^.paid, and no change in the ownership of said premises shall release, reduce or otherwise affect any such personal liability on the lien hereby created. Ifi) ~I
i het 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 wurant and will forever
i_frrd the tick and possession thereof against the lawful claims of any and all persons whatsoever.
BooK 310 PAGE 1783
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