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MORTGAGB DBED , y-~, "
s. 1 r Luuttttl • •
TI11S AIURTGAGE Msde Thls ~3rd• day of May 19 79
by and between Robert Perrone
and
Carolyn D. Perrone Wife of
S t • LuG i e County. Slate of Fl Or i de berelnetter whether one or more called the "Mort-
gago~'. has become justly indebted to ~ Fr+e1~~
~:lC of
nd t an River County. State of Fl Or i da .hereinafter callrxf the "Mangage~'. to the sum of
Two Thousand Nine Hundred Sixty Eight b 80/100 ~t~.ntts Is 2,968.80 )
evidenced by ~ promisaory note of even date herewith in the total amount set forth abo~ro, payable
in 60 monthly installments in the sum of Forty Nine 6 48/100
49 48 ]5th July 1979
U044AR5 iS • the first payment commencing on the day of
lA ~q-.and continulnq on the same day of each month thereafter until fully paid. together with late charges of five IS) cents per S1.Q0
on each installment not paid within ten (1(q days of the due date, but not exceeding the lawful mpxtmum. and Interest after maturity at the rate
of 10ti per annum. it
NOW. for and in a~nsideration of the aforesaid indebtedness and to secuSe the prompt paymt~t of the same. Mortgagor has bargained and
wld and does hereby grant. bargain. sell and convey unto the said Mongaqee. his successors and assigns. the tollowirig described lot or parcel
of land situated in st • LUC i e County. State of Florida. to wit: a
~
From the point of Intersection of the west right of way line of Ridge Naven -
road with the South line of lot 12 of the subdivision of Russell Estate in Section M
28, Township 34 South, Range 40 East. As per plat thereof on file in plat book 1, -i.~~ o !
at page 186, St. Lucie County, Florida. Records, run thence West a~.ong said South
line of lot 12 and the South line of lot 13of the said Subdivision of Russell
Estate a distance of 309.47 feet for point of beginning; thence, at right angles ~I ~
with said last line, run North a distance of 135.84 feet; thence at right angles _;,~,.r
with the last mentioned line, run West 150 feet; thence, at right angles with
said last line, run South 135.84 feet to the said South line of said lot 13, i
t,_ .
thence, run Ea3t 150 feat to point of beginning. z _ Z
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Together with all rights. membr•n. privileges. hererlitaments. easements and appurtenances belonging or appenaininq. Mortgagor hereby
.:ovenants and warrants to the Mortgagee. his heirs. successors and assigns. that he has a .fee simple title to said propeny. free from all en-
i cumbrances except
Neceitred a ~ 9 -In Parn~nt a Tt,~ow
i'Jw On Ctass "C•' lntsrq~lePersonslPropetq
?u?avar» To Chapter 71, 134. Acts Cif 1D71.
~ - RO(iE~t ie01TAAS 9~
F
t'te•r Circuit Court- S>i. Lucia. Co., Fiat.
TO HAVE AND.TO NOId) all and singular the aforegranted and bargained premises unto the Mortgagee forever. pruviderl alwa)•s that it
the Mortgagor shall and will pay to the ottfer of the blongagee. according to its tenor and effect. that certain promissory note of even date
t herewith and serured hereby and any other sums which become owing by the Mongagor to the Mortgagee prior to canceilatiun herw~t. then
this rortgage shall cease. terminate and be void. otherwise to remain in tali force and effect.
The Mortgagor agrees and arvenantc to pay all taxes and special assessments against the progeny and a~;nres to pay all taxes lecirxl under
the laws of this State nn the indebtedness serureri hereby. Mortgagor [unbar covenants and agrees that he wit! at alt timer until the release of
this mortgage keep in force a policy of insurance on that ponion of the mongaged progeny which is insurable rovenng loss and damage by
(ire anal the other casualties covered by the usual comprehensive casualty insurance policy. Such policy shall he with an insurer acceptable to
~ the Mongaqee. in an amount not less than the balance awing upon the indebtedness secured hereby. with loss payable to the Mongaqee. In the
event of loss. Mortgagor shall give immediate notice by mall to the Mongaqee. who will make pnwt of loss if not made promptly by the Mort-
gagor. and each insurance company concerned is hereby authorized and directed to make payment (or such loss directly to the Mongaqee in-
stead of to the Mongaqee and Mortgagor jointly but. in the event any payment is made pinny. Mongagor hereby authorizes Mortgagee to en- ~
- dorse his name on any check. draft or money order as his attorney-in-fact. Upon payment for loss. the Mongaqee may al his sole option apply
= each pror:eerls to rcYiuce the balance of the indehtexiness. or to restore the mungage progeny. In the event Mongagor shall neglect or refuse to
oMain said insurance or pay any taxes when due. then the Mongaqee may at his sole option obtain such insurance or pay all such taxes or both.
and all sums expended therefor are hereby secured by this mongage and shall he due immediately from Mortgagor to Mongaqee with interest
at the rate of 11?•. per annum from the date o! payment by the Mortgagee until paid.
The Mongagor agrees and covenants that he will maintain the mortgaged progeny in good r.ondition and not to commit or to permit anyone
else b commit waste. reasonable wear anrf tear excepted. Upon the failure of the Mongagor to so maintain the mongaged progeny. the Mon-
gaqee may cause reasonable maintenance work to be performed at the cost of the Mongagor. My such sum so expended shall be due immerfiate-
3 ly from Mongagor with interest at the rate of l0i per annum from the date expended until paid.
The Mongagor hemhy vests the Mortgagee with the full power and autMrity. upon the breach of any covenant or warrant herein contained.
or upon any default in the payment of any installment provided in said note or any renewal or extension thereot. or in the per?ormance of any
agreement herein contained. to declare the entire indebtedness hereby secured immediately due and payable. without notice to any person. to
u proc:eexl to foreclose this mongage in accordance with laws of this State.
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PLt!61.77 FLA. ~ ~ `31Q 2~~0
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