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That Mort~or hereby grants, bartains. astiW. and ooaveys tmto Mortpgee. the foUowirts described real estate b the County of
St.. LuC @ - .State of Fbrids. to wit:
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RECEIYEO Aft IN PAYMENT Cf i;.X~S
DUE ON CLASS •C tMT 6!BLE PERK ~Ritl PEO: E..T f,
?YitSUAf1T TO CHAPTER Tl-t.4, ACTS OF 1911,
R06ER POlTRAS ~v >
CLERK CiRf~li COYN'T. iT. LUGE q. RA. C.•r
moots 23 3c 26 31ock 5 S1,dorado ~bdivisionf 3t. Lucie Cou»~r
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a+gether with all buildings and improvements now or hereafter erected thereon and all screens, shsdes, storm sash and blinds, and heating. lighting, plumbing,
. r~., electric, ventilating, refrigerating and air-conditioning equipment used in connectan therewith, a!1 of which, for the purpose of this mortgage, shall be
:eems~l fixtures and wbject to the lien hereof, and the hercditaments and appurtenances pertaining to the property above descn'bed, all of whichts referred to
hereinafter as the "premises"_
I U k1AVE AND TO HOLD said land and premises, with all the rights, privileges and appurtenances thereto belonging, unto mortgagee and his heir, executors,
.r,iministrators, wceessors and assigns. forever. _
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~ ~i++rtFagor also assigns to Mortgagee all tents, issues and profits of said premises, rcservirrg the right to rnUect and use the same, with or without taking
^:~,xssion of the premises, during continuance of default hereunder, and during continyance of wch defwlt authorizittg Mortgagee to enter upon ssid premises
' ±n.1 or collect and enforce the same without regard to adequacy of any security for the indebtedness hereby secured by any lawful means includirg ~
appointment of a rcceirer in the name of any party hereto, and to apply the same less costs and expenses of operation and collection, including reasonable
t a:torncy's fees, upon any indebtedness secured hereby, in wch order u Mortgagee may determine. - - ~
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FOR THE PURPOSE OF SECURING: (1) Performance of each agreement of Mortgagor contained herein: (2) Payment of the principal sum of
5 ?1, ~~g~,~16 with interest, as provided in accordance with the terms and provisions of a Promissory Note/Loan Agreement (hereinafter rcterred to as
"Promissory Note's dated 6-~'~ .maturity date ~2(~~ -and payable to Mortgagee. to which Promissory Note
s reTerence 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
amounts are advanced to protect the security or in accordance with the covenants of this Mortgage.
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~ I i payments made by Mortgagor on the obGption secured` by this Mortgage shall be appliedrn the following order: 3
~ F 1 RST: To the payment of taxes and assessments that may be levied and assessed agasnst said premises, insurance premiums, rcpain, and all other charges
I Ord expenses agreed to be paid by the Mortgagor.
- SECOND: To the payment of tnterest due on said ban.
TNIRD: To the payment of principal.
Ts) PROTECT THE SECURITY HEREOF, MORTGAGOR COVENANTS AND AGREES: (1)To keep said premises inwred against fire and wch other
e,ualties as the Mortgagee may specify, up to the full value of all improvements for the protection of Mortgagee in such manner, in wch amounts, and in wch
,:meanies as Mortgagee may from time to time approve, and to keep the policies therefor, properly endorsed, on deposit with Mortgagee. and that loss
prcxeeds (less expenses of ooUectan) shall, at Mortgagee i option, be applied on said irsdebtcdness, whether due or not or to the restoration of said
:!~rprovements. 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
E ~t+vtgagor, and .xh inwrance company concerned is hereby authorized and directed to make payment for wrh loss directly to Mortgagee instead of
~turtgagar. (2) To pay all taxes and special assessments of any kind that have been of may be levied or assessed upon said premises, or any put thereof. 13) In
rite estint of default by Mortgagor under Paragraphs l or 2 above. Morlgasee, at its option (whether electing to declare the whole indebtedness secured hereby ;
t ue and collectible or not), may (a) effect the iinwranee above provided for and pay the reasonable premiums :nd charges therefor, (b) ay all said taxes and
.+,K~sments without determining the validity thereof, and (c) pay wch liens and all such disbursements shall be deemed a part of the indebtedness secured by
±hts Mortgage and shall be immediately due and payable by Mortgagor to Mortgagee. (4) To keep the buildings and other improvements now or hereafter }
x erected in good condition and repair, not to commit or wffer any route or any use of said premises contrary to restriction or record or contrary to laws, ,
~r~J:nances or regulations of proper public authority, and to petmd Mortgagee to enter at all reasonable times for the purpose of inspecting the premises, not
r•, remove or demolish any building thereon: to complete within One Hundred Eighty (180) Days or restore promptly and in a good and workmanlike manner.
em building which may be constructed, damaged of destroyed thereon acrd to pay, when due, all claims for labor performed and material furnished therefor.
• ~ t That the time of payment of the indebtedness hereby secured, or of any pottio~t thereof, may be extended or renewed and any portions of the premises
h_•rr~n described may. wnthout notice, be released from the lien hereof, without re rtg or affectir~ the personail, iabitity of any person or corpotatan for the
;+a~ rr~ent of said indebtedness or the lien of this instrument upon the remainder of said premises for the full amount of said indebtedness then remaining
~ r paid, and no change in the ownership of said premises shall rokase, reduce or otherwise affect any such personal liability on the lien hereby created. (6)
t tat he is seized of the premises in tee simple and has good and lawful right tb convey the same: and that he does hereby forever warrant and will forever
,feferid the tick and possession thereof against the lawful claims of any and all persons whatsoever. ~
GW
3 90C+! 310 pac~~~.
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