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M~~~(~ ?lvco Fin~ncinl ;crvices of
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1 hat Morty~or heaby _`rants. barpins. assi~ns. and conveys unto Mort~e. the lollowi~ described ieal atate in fhe County of
Pa.4C0 . Slale of f•lorida. to wit:
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10~ °.~.oc~ Section 25 p''~• St. Lucie S~zbdivision ~
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Also knaxn for street numbering Purposea as: 1 E 1~
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509 Riverside Dr -
Ft. Pierce, FL 3345~ • ' ~ ' • ' ' . ' -
O~fT .pOV'i_ i9. Opwle9_ d
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RECEIYED s I 1• a_ S IN PAYYENT Of TA~ ~i ~o~ °<oq~o' << ,q'' ' ~
~ ii: Ott Cl• :,S 'C' IMTANG i!f PEJt..{~AL ~ A
~l?:uAl1Y t0 t F6L~Tf'R~Eiit PJIi~11t ~,17~ a ,
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E tug~thrr with all buiWings and improvennnts nuw or hereafter crcctrd theteon and all scrcens, shades, storm sash and blinds, and heati~g, liahtir~, plumbin6,
f z,,. ekctric, ventilatinE, refrigenting and air-conditionmg equipment used in connection therewith, all of whieh, !or the purpose ot this moriga6e, shall be
i ~.i«meJ fiatures and wbject to the lien hereof, and the hrrcditaments and appurtenances pertaining to the property above described, all of which is referrod to
~ hcrtmafter u lhe "premises".
f { O HAVE AND TO HOI.D said land aod prcmises. with aU ihc rights, privikges and appurtsnances thereto belongir~, unto mortaagee and his heits, executon.
~ ,,Jministntun, wccessors and assigns_ forever.
~ ~1~,rtgagor also usigns to Mortgagee_ all rents, iswes and profits, of said premises, resening Ux ri6ht to colkct and use the sune, with or without taking
~u.session of the prcmises, during rontinuance of default hereunder, and during continuance of wch defaull authorains Mort6asee to enter upon uid premises
enl;ur collect and enforce the same without rrgud to adequacy of anY security fot the indebtedness hereby secured by any lawful muns including
appu~ntment of a rcceirer in the name of any party hereto, and to apply the same ku costs and-expenses of operation and cotkction, including reasonabk
.,twrrx~y's fees, upon any indrbtedneu srrured hcreby, in wch order u Mortgagee may determine.
~ OR THE PURYOSE OF SECURING: (1) Performance ot exh agreement of Mortgagor contained herein; (2) Payment of the principal sum of
5~23•$3 with interest thereoo, u provided in accordance with ihe tetms and provisions of a Promissory Note/Loan Agreement (hereinafter referred to
as "Promissory Note'7 dated , having a maturity date of ~"5+~1~. . and payabk to Mortpgee: (3) The
[~ay ment ot any money that may be advanced by the Mortgagce to Mortgagor or to third puties where the amounts are advanced to protect the secunty or in
ac~ordancs with the crnenants of this Mortgage.
~tl payments msde by Mortp~gor on the obtig~tion xcured by this Mortgsge shall be applied in lhe followin6 orde.:
1-1RST_ To the payment of taxes and asseuments that may be levied and assessed a6ainst said prcmises, insunnce premiums, repairs, and all other charEes
and expenxs a~rreed to be paid by the Mort6,agor.
$ SECOND: To the payment of interest due on said loan.
THI RD: To the payment of ptincipal.
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a ic) PROTECT TNE SF:CI:RITY HERf.OF. NORTGAGOR COVt:\AN7S~ ANU AGREES: I1)To krep ~ad prcm~u:~ ~nwrrd aga~mt firc and wrh othrr
~ , swalties u the Mottg~tee may spu:IfY. up to the full value of aU improvements for the protectiun of Mort~tee in ~uch manner. in wrh amounts. anJ in such
~~+mpanies u Nortgasee may from time to time approve, and to keep the policies therefor, properly endorsed, un deposit w~ith Mortgagce. and thal loss
~ pr~reds. (kss ecpenses of colkction) shall, at Mort6agee i option. be applied on said indebtedness, whether due or not or to the restoration of said
~ ~n, provemenls. In evrnt o! bss Mortga6or M'III SIYt immedute notice by mail to the Nortgaitee who may make proof of loss if not made promptly by
~ ~t~,rt~tagot, ~nd .ach inwrance company concerned u hereby authorited and d~recte d to m a ke paymen t for wc h los~ d i re c U y t o M o t t~ e r i n s t e a
d o f
~ ~t~~rtgagor. (2) To pay aU taxes and special asxssments of any k~nd that have been or may be kvied or assessed upon said premises, or any part thnreof. (3) In
~hr Lvent of default by Mortgagor under Puagnphs l or ? abore, Mortgaaee, at its option (whether ekctir~ to declue the whok indebtedness securcd hereby #
~ .fu~ and cullectibk or not), may ta) effect the ~nsurance abore provideA for and pay the reasonable prem~ums and chat6es therefor. (b) pay all said taxe~ and ~
.,:xscments without determininE the val~dny thereof, and Icl pay such liens and all such disbursements shall be decmed a part of the indebtedness xcured by
~ ~:hi. ~lortga~ee and shalt be immedutely due and payabk by Mortaagor to Nortgagee. 14? To keep the buildings and other improvements now or hereafter ~
~~rected in Eood condition and repair, not to commit or wffer any wutt or any use of said prem~ses contrary to restriction or record or contnn to law~s,
~ ,+~dinances or tegulations of proper public authority, and to permit Mottgagee to enter at all reasonabte times.for the purpost o( inspectinE the premises. not
remore or demolish any bwlding tlxreon: to compkte within One Hundred EightY I IRO) DaYs or restore promptly and in a good and workmanlike manner ,
iny building whn:h may be conswcted, dart?aged or destroyed thercon snd to pay, w~hen due, all ctaims for labor performed and matenal furnished thercfor. ~
~ That the time ot payment of the indebtedness hereby secuted, or of any pottion thercof, may bc e~tended or rernw•ed and any portions of the prcmisec
i}~rein descnbed may, without notice, be rrkased from the li~n hereof, without rekasin~[ or affectinE the persoml liability of any person or rotponuon (or the ~
p~yment ot said indebtcdness or the lien of this instrument upon the remtinder of said premises for the full amount of sa~d mdebtedness tF?en remaining -
~_~npaid, and no chanEe in the ownership of said prcmises shall rckast. «duce or othenvise affect any such personai liability on the lien hercby rreated. 16f
1 hat hc is xiztd of thc prtm~ses in fee simpk and has good and law~fu! right to convey the same: and that he dcec hrreby forever wurant and w~ill forcver
se(rnd the titk and posseuion tt~eteo( against tM lawful claims of any and all persons whatsoever.
3U~!! ~AGf . .
0~-017! ~REV 11-70) FL !
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