HomeMy WebLinkAbout0768 _ - - - - - -
. ~ .
' ~
' ~ Richard J . 3al~ba ~ ~ ~
This motlaaae was prcpared ~y; .i
MORTGAGE
Thix Mo~taaRe is made this2ndday o( JulY , ~q79 ~ by ~~~~rn Daniel P. MCD@V~tt,,,,~_
Edith McDevitt, h~8 mother ~••~yon~a~o~"), and Amaican Fundiaa Corp., a NeM Jersey corpora~ion ,
authorized to do busines~ aa The Mor~ey Savers ("Mon~asee"), ha~~n6 an ot~i~~ a~ 100 Biscayhe B1VC~.
C~ty o( Mid~li Cou~ty o[ Dad@ , State ot Florida.
WITNESSETH:
WHEREAS. Mat~ot is indeMed to Mort~a io the sum of~ Fif tegn Thousand Five Hundred Sixtv-Six&~ 40
as evidenocd b~r thu cenain promiuory nae of evrn date herewitA. eaecvud ~r Mat~or and delivered to Mon~ce. a cop~r of which is atuche~"~.
hereto ltbe "Nae):
NOW. THEREFORE to savrc the pertormana by Mott~ot o! aq coveaauts aad conditiont ia the Note and in this Mortssse aad ia all wher instru-
ma~u securint the Nae. aad ia ader to char e the propertia, ietcrats and ri~hts hereiaaRer described witA such payment aad petformance and to secure
re~ewals aod extepsioas tAereof. and for ~ in ooasidcration of t~i sum of Tm snd no/100 Dollus (SI0.00). Mort~or doa herebr monja~e. sdl. . ;
pkd~e and assisn to M«t~ae a11 ot the laad in the count ot "t . Lueie ;
n
Statt of Florida. which is morc puticulsrly described as td . ' ~ i
E
"Lots 15 and 16, and the East 5 feet of the Vacated Alley adjacent 4
on the West, Block 2, ALA1~iANDA VISTA, acCprding to the Plat ~
thereof, recorded in Plat Book 5, Page 49~,~~of the Public Records
of St..Lucie County, Florida." ~
1
_
. ~ TAT E=~ ~ F L L: a;~~~~` ~ '~"1E0 tN PAYl~AT OF TA7~~~
_ ~OCUMENTARY<~~ STAMY Tt:, ~ ~E uiuu+s's~E Q:,~;;',s4 s';~;f:{fir~
~ ~ i~ P,. OF REYENUt ~ - ~ PURwANT TO CIUIPTER 71-. •1, :~iS ~+F i9~k
~ :~'~-~~~'s'.. p kGu~A P;,Ii~~S
- P - JUl -9'75 ~ . O. V Q~ CtEIIK QBCYIT CWRT ST. 0~ ~
lUytE r 's
_ i u
o~zw , ~ - ~ • .
~
In accordanoe with ~he rulings of the Florida Department of Re~rnue, the Docvmencary Stamp Tax and IntangibkTax should be
calculated on ~ 7 i~~~ , the amount tinanced in this transaction.
To have and to hold the same, taqether with all ~mprovements and appunenances thueto, and also all the estate, right, titie, intecest,
homestead, nght of dovrer, separate estate, propeny, possessim and claim v~fiatsoever ot Nortgago~ to the same in every pan and pucel
thereot unto lNortgagee in fee s~mple ("~fortgaged Property").
SUBjECT TO the tollovr~ng "Pe~m~tted Lirns": `
"A first mortgage with First Federal Savings & Loan of ~
Fort Pierce with an approximate balance of $11,700.00" !
This loan is made at rates not in excess of rates authuriud undu Chapter656.17 ot the Florida Statutes as authorizedby Chapter 678.12.
PROVIDED A1.WAYS. that i( Mort~or shall pay to Mongaaa the Nae at the ama aod in the manner stipulatod the~ein. and ia all alxr iaiw-
! meaa savriaa the Note. iacludins rene.vats. extrnsions or modificaaons thereof. and in this MortgaEe and in all aher instruments securina tbe Note, to
~ be kept, performed or observed by Mort~or. thea this Mort=sae shall cease and be vad, but shall aherwise «a~ain in full force and effect.
! Mort~or oevenaats aad agoa witb Mort~ee as follows: ~
1. Co.pi.eee wf~Y Nae aM Mortpse; Waruti ot TtUe. Mort~or shal! comply with all provisions of the Nae. ~his Monpae and of every aher
~ insttummt saurins tbe Note. aad will D~~P~~Y D~Y to Mortpaee t6e principal with interat thaeon and aU other sums requued to be paid by Mortaaaor
under tbe Note and p~uswnt eo the provisions of Wis Mon~e and of evay aher iratrumrnt securins the Nae. Morcgaaor is indefeas~bly srizod of the
M~ed Property ia ta simple and Mort~a kas law(ul wthority to coavey. mort~e and eacumber tbe same u provided by this Mortsage, and
j doa borebq so wa~rant.
2. lq~at W Taus a~d I.kr. Idon~or shall pay aU tbe tua. obliptiais and encumbnnces of every natua now on tbe Mortaajed Propertq or
that haeafta may be imposed upoo this Mort~e or the Mort~ed i~operty or upon the indebtednas securod hereby. exapt that Prnoiued Lienc may
be discdar~~od in aaordsnoe with their tams. All wch paymeats to be made wha~ due and payabk saordins to law be[ae tdey become deliquent and
betorc any ineerat attacha or aay penalty is iacurred. Inso[u as any indebtodnes is of reoord (exoep[ indebtodness pvina rise to Permitted Lieos) the ~
same shaU be pranptly satisfied aad eridenoe of wd~ satisf~ctioa shall be givrn co Mortastee. .
3. iwn~ce. Monp~or shaU kap the Mort~a`ed Propetty aud tht improvemen~.s now acisting or herafter erected on the Mon~ed Ptopcrty insu~od ;
u may be required [rom time to time by Mort~a a6aiost bss by fire. other haurds and continaencies in such amounts and for such periods u may be
roquired by Mort6aiee. Mon~or s6aU pay promptly. wbrn due, aAy prcmiwns on such insuance. All insurance shall be curied wi~h compania
approred by Mortaa~a and tbe policy and renewats ehereof sAall be hdd by Mon~ee and have attachod therao loss payabk clausa in favor and tn
form aoaqabk co M~«. III IIIC CvCAt O~ (065. Mo~or shaU p~e immediue no~ioe by mail ~o Mon~ and More~a mar make prooi of loss if
not rnade prompUp bp Mortaaaor. Each insunnoe caap~aoy concerncd is hereby authorizod and d'uected to make paymeats tor such loss direcily to .
Mortsaja instad of ather to Mort~or or Morty~or and Mon~ee jointly. Inturanee proaeds a aay part tbereof may be appliod bp Mott~ee at ies
option. after deductin~ therefrom all its upensa indudins anorney's fca. dtlrcr to the reduction of the indeMednas haeby securod or to tF~e ratoration
or repair.of tbe propert7 daan~ed. Mort~aae is herebp authorined. at its option. to settk u?d compromise any cl~inu. aw~uds. damaaa. rishts of action
and prooeeds. and any other payment or rdief u~da any inwraaoe policy. la the event of forcclosure of this Mortjaae or aher tnnsfa of titk to the ~
Mort~ad Propertr ia a~tin~uishment of the indebtednas savrod baeby. all ri~ht, titk. and interat of Mon~or in aad to amr inwraaoe policies then
in foroe shaU pau w the purchaser or gantee. Mon=a=ee may at its option requirc Mortaafa to deposit rrith Mort~saee on the fust day ot ach month. ~
in sddition W makinj pa~nnents of principal and iataat, until the Note is fully paid. an amount equal to ax-twdith (1/12) of the peulr premiums for aU ~
~ iawranoe. Such deposits shall not be. ~ar be deaned to be. tnut funds. but may be commirialed with tbe ~enaal funds ot Mott~a. aad no intaat shaU ~
bepayable in rapect t6ereof. Upon demand b~r Mort~a~ee. Mert~afor shall ddiver to Mon~agee such additional monia as arc neoasary to mate up airy ~
~ defiweocies in t1~e amounts neca.wy to enabk Mortaaµe to pay such premiums when due. In the event of detauh uada any M the tmns. covenants aod
~ oondition~ in tbe Note, this Mortpse or amr otba instrument savrins the Nae to be pertormed or obxrvcd bp Mat~or. Mort~a~ee may applp to the ~
~ reduction ot the wau sawed haeby. ia wch manna as Mortsa6a shall determine. any amoune under this p~rasraph raaaimn~ to Mort~or': aedit
and arry return praoium reaived from aaodlation of aay inwrana polic~r b~r Mortisjoe upon foreclosure of this Mart~e.
~ Co~ie~tlo~. If the Mort~eed Propetty or any part thetcof shaU be dama~ed or takrn throu~h coodemnation (which tetm wben used batin
shall ioclude aap dama~e a takin~by sny soveromental authority a any other autbority authoriud by the laws of tbe State of E7orida or the United '
~ Suta ot Amaia to so damsae a take. aad amr transter by private sak ia lieu tl~ereo~. eitha temDonrilr or Pmn+nenqY. t6e mtire iadebtednat aad
~ otba sums ~awed Ixrebr shall. u t6e option of Mo~t~,a~ee beoane immediatdp due and payabk. Mort~a~ce sAal! be entitlad to all oompemstion
~ awacds. daau~es. daims. riahts oi action aad prooeeds of. o( on aocount of aeqr d~ma~e ot tatins ttvouih coadannatioo and ~ hereb~r wtborized. st its
optioo. to oanaKnoe. appear iu and prosavte. in its o+m or Mortiasor's aamc. any action or prooeedinj rduin= to any coadaanation. and to settk a
oompromise any daim in ooor~eCtia4 t6erewith. All wch compeasttioo awards. mma~a. Claiw~.~u~ of aCUa1 a11d pro0oeds. and aa~r oll~ p~ymsatt Or
rdid, aad tAe rijbt thereto. ue bereby as:i{ned by Mort~or to Mat~a aod Maya~ae after deductind therefrao aU its a~pmsa~ iadudio~ actorae~r's t. ;
fea mri relea~e a~ moans ~ reoeired bp n witbout affectin~ tbe hea of thi: M or mar apply the wae. iu such ~wona ai Mortpyee ~11 deta- ;
mioe. to tbe reductson M tbe wms sea~ed baeby and to aap P~NU~~ ~i~ i~~ ia t6e Note. this Martp~e or aoy other iauunKOt sea~rin~ the
Noce. Mp bNana ot wch mooie~ tl~en ranainin~ s6aU be paid eo Mat~a. Mort~a~ sirea a execute wcb turther Ksip~meots ar +op aaaDaw-
tion~. a~rar~. d~mya. daims. rijbts of anion aod prooeeds ss Mory~a~ee m~y require.
s. cre .r MKlp~e/ h.~ere~. INon~or shan ea nmoMe or aemoli~d .ap auw~n~ « aner propa~tr ~a~s • p•~ M«~s•sad p~r , I
witbout tl~e aritcea oonseac of Mortaa~ee. Matsa~a sba!! not prnnit. caamit. a wtfa any .raste. imp~irma~c or detenoracioo ot the Mart~a~ed Prop-
utp a asp Pa't tbereot. and shall kap the saroe and improvements tLaeoa in ~ood condition and «pair. Moryasor shall naifr Mott~a~es ~n wtitin~
.ri~mo t~e ~s~ a.n ot anr a.m.se. ot imp~irmeat of tlie Mortta=ad Propaty. Morya~ee may, u Mortsa~ee's disaeuoo. 6ave tbe Motys~ed Propaty
inspected u aap time and Morya~a sh.u pay aU oos~ mevrred by Monta~ee in e~cecuan,~ sud~ inspectioa. {tRc~ .
BDDI( c~~~ P1~6E 1 Ul!
--~~._t_._ - _ . - - - -