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Home My WebLink About0722 ' . ~ . ~ ~.a3 - ' ' ~ ~ ~ 450669 ~ R~AL tSTATk 1110R7CAGE THIS MORTGAGE made this 218't day ot ~Ltri@ . 19~_. Between EVelyri ROW9 ~ , 1103 /Avenue~M ~ or Ft. Pierce S~ Lt1C1@ County. Florida, hereinafter called the Mortgagoc, and persor.al Thrift Plan of Ft• Pieree, Ine. , a ~:entuclqr Corporation, hereinafter catled the Mortgagee. WITNESSETH: That said Mortgagor. in consideration of the principal sum apecified in the promissory note here- inafter descrlbed, received from the Mortgagee. hereby mortgages and incumbers in favor of the said Mortgagee the real property situated in~q{~ T.Lei e County. State of Fiorida, described as fotlows: posperity Park Slxbdivision Bleck #1 Lot ~'8 ~ q~oNn~d ~3 In PsWnsnt 01 Ta~as ~ Ow On Clsss "C" fntanpibls P~rsonslPtopMy, Purau~nt To Chapte? 71. 134. Aqs Of 1~71. ROC3ER POITRAS y(~~ C~c Circuit Cou~t. St i.uci~,. Co..~ as security for the payment of a promissory note, a copy of which is attached hereto. and incorporated herein by reference. The said Mortgagor does covenant with the said blortgagee that the said hiortgagor is indefeasibly seized of said land in fee simple and has tbe full power and lawful right to mortgage and incumber the same. that the said land is free Irom all incumbrances eacept as above noted, and that the said Mortgagor. except as ahove nded. does fully warrant the title. to said land and will warrant and defend the same against the laWful claims of all persons whomsoever. AND THE SAID MORTGAGOR does further agree as follows: i - ~ 1. To make promptly ail payments required by the above described note and this mortgage as such payments f become due. ~ 2. To pay promptly when due all taxes, assessments, liens, an~+ incumbrances on said property. ~ P ~ 3.~'.~'I'o k6f!r the±ib~ildings now or hereafter on said land insured against damage by fire, lightning. windstorm or ~ other casualt~ iil `p ~um.not Less than ~the sum secured by this mortgage, in a company or companies satisfactory to the \Sortgagee; faid policy to be held by a~d payable to the Mortgagce to the extent of the indebtedness remaining at the time of the toss. Ii ariy sum becomes payable under such insurance policy, the Mortgagee may either apply it to the indebtedness st~cured by tlus mortgage, or permit the Mortgagor to use it for other purposes, without impairing the lien of the mortgage. 4. To permit, commit or suf[er no waste, impairment or dcterioration of the mortgaged property. 5. I[ any payments providc~i for in thc~ note on this mortgage are not promptly paid by the Mortgagor. i( the buildings a rc~ not kept insured as provided. or if the ~iortgagor defaults in any of the other co~•~ nants, stipulations, or agreements, ?n~~ Mortgagee, without waiving or affecting the option to foreclose, may otherwise perform any of khe covenants or agree- ments on b~half of the 141ortgagor, and any and all such sums or expenses paid or incurred, with interest thereon from the date of paym~~nt at the rate of int~r~•st prescribed in the nott~ se cured by this morigage, shall also be secured by this mortgage. 6. This mortgage lien shall ~•xtend to and include atl rents and profits of th~ mortgaged property. In the event of . foreclosure the court is authorize~d to appoint a receiver of the~ ?nortgagc~d property and to appiy such rents or pro~ts to the ~ inde~btednc•ss hereby secured, r~•gardless of the soiv~•ncy of th~~ \lortgagor or the adc~quacy of the security. 7. This mortgage shali rxtc~nd to and inclu~ii~ am~ and aR ~~xtensions and renewals of the hereinabove described ~ note and shall also sc•cur~ an • sum or syms that m~ ht b~~ loanc~d h\tort ~ ~ to htort a ors in !he future in the sum or ~ S fi Y• K~ B t~ ~ sums for which Mortgagors shall ~~x~cute their nc~gotiabl~• promissory not~•s, not cxcc~ding $25, 000. 00, to~cther with t a intc•rest, taxes, levi~•s, and insuran~e~. . . ~ n ~ 8. If any payment pro~•id~•d for in ih~~ not~• or this mortgagc b~ not paid within thirty days aft~•r it becomes due, or if any agreement of this mortgagt~ oihcr than for th~• ~.aymrnt ot mon~y is breachrd, th~~n th<~ unpaid baianre, not including unt~arncd interest, shall immodiat~ty b~~come du~• an~i p:,yabl~• at th~ option of th~~ Alortgagee, and the Aiorigagee may fore- close this mortgage in accor;ianec~ w•ith proc~•dur~•s ~•stabti~he~d b}• law~, and h~,v~ th~ property sold to satisfy or apply on the indebtedness h~reby secur~~d. ~ ~ ~ ~ ~?R J~~ PA6E ~ gt1~ll• ; ~ ~ . ~ : . - ~ _ ~ _ _ w~~: ~ _ - - ~-~w-~~-~~~