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. ~ • ~ - MORTGAGEE:
MORT~iAtiE O~ 91+-~~4 ~`~'0 FI?!`;'CI'.T, 5~~~~,zcES
OF HOLLvr~OC~Dr FI,. I'~C
25 02 C F'? n I It~rX , ~a el.,t Y3 i ~
~AlT MAM[ /111fT INITIAL f~0Y4 ['3 NAM[
P?.Ii~.^T:I,L ~~?~ES E C!n3IT, E p~~..~ELL :'T PTF,~CE .Florida
dal 01or~~ga~ggoor hereby grants, bargains, assigns, and- rnnveys unto Mortgagee, the following describe~'d real estate in the County of
.I_T LI!CIr ,state of Florida, to wit: -
T.^:` l.~1}a Ies.^, +he E1S~ FAT tho?Mpf~ 3I,(X;;; nKn~ ~i~.R'lILT+'1. ST.".'i"a~ _
:c+x'ciir:~; to the gl::tt thero£r as ~-eeo~rieci 3n PL.1:' 3C~C~u 3~ at r.ACo
of yheP~T~iI~c:~7~0.gJS OF ST LnCTE COCTM!TY~ FLO?IID",. ~ i'•,~~; v-.# .
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FilfSifriRT TO CMA!•1ER 71-g1~ II1C'ii OF >r]7<, - -
R000 POIi>I~ , J ~ , ~ ~ ~ E
Cam[ 41Cwi COwT, SL ~ ~ ~ T' '
together with all buildings and improvements now or hereafter erected thereon and all screens, shades, storm sash and blinds, and heating, lighting, plumbir~,
ga.. electric, ventilating, refrigerating and aircunditioning eyuipment used N connection therewith, all of which, for the purpose of this mortgage, shall be
deemed fixtures and wbject to the lien hereof, and the hereditaments acrd appurtenances pertaining to the property above described, all of which is referred to
I~ hrrrinaftcr as the "premises"
I -
i0 HAYE AND TO IIOLD uid land and premises, with all the rights, privileges and appurtenances thereto belonging, unto mortgagee and his heirs, executors.,
administrators, wccesson and assigns. forever.
Mortgagor also assigns to Mortgagee all rents, iswrs and profits of said premises, reserving the right to collect and use the same, with or without taking
possession of the premises, during continuan~r of default hereunder, and durtng continuance of wch default authorizing Mortgagee to enter upon said premises
andrur collect and enforce the same without regard to adeyuacy of an-> security for the indebtedness hereby secured by any lawful means including
appointment of a reexiver in the name` of any party hereto, and to apply the same less costs and expenses of operation and collection, including reasonable
attorney's fees, upon any indebtedness secured hereby, in wch order as Aortgagee may determine.
E 0R THE PURPOSE OF SECURING: (1) Performance of each agreement of Mortgagor contained herein; (2) Payment of the principal sum of
S ~ ~ ~ . ~ ~vvith interest, as provided in aceordance with the terms and provisions of a Promissory Note/Loan Agrcement (hereinafter referred io as
"Promissory Note") dated '??-1 ~-'7n ,maturity date n"~ j 7-"~ ,and payable to the order of Mortgagce,
to which Promissory Note reference is hereby made; (3) Payment of any additional advances, not in a principal win in excess of S i'~i 11t^._=~ with
interest thereon, as tray hereafter be loaned by Mortgagee or the then holder of his Mortgage to Mortgagor, each and every advance to be evidenced by the
Promissory Note of Mortgagor in the amount of the advance; (4) The payment of any money that may be advanced by the Mortgagee to Aiottgagor for any
reawn or to thud parties where the amounts are advanced to protect the security or in accordance with the covenants of this Mortgage.
:ill payments made by Mortgagor on the obligation secured by this Mortgage shall be applied in the following order: '
FIRST: To the payment of taxes. and assessments that may- be levied and assessed against said premises, insurance premiums, repair, and all other charges
and expenses agrced to be paid by the Mortgagor.
SECOND: To the payment of interest due on said loan.
TH1RD: To the payment of principal.
s iY) PRt1TECT THE SECURITY HF.REOh, MORTGAGOR COVLNANTS ANll AGREES: (1) To keep said premiss inwrcd against fire and such other
casualties 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 such
companies as Mortgagee may from lime to time approve, and to keep the policies Therefor, properly endorsed. on deposit with Mortgagee, and that loss
proceeds (less expenses of collection) shall, at Mortgagee's option, be applied on said indebtedness, whether due or not or to the restoration of said
improvements. In event of bss Mortgagor will give immediate notice by mail to the ;liortgagee who may make proof of loss if not made promptly by
Mortgagor, and each inwrance company concerned is hereby authorized and directed to make payment for such loss directly to ~lortgagre instead of
Mortgagor. (2) To pay all taxes and special assessments of any kind that have been or may be levied or assessed upon said premises, or any part thereof. 13? In
'the event of default by Mortgagor under Paragraphs 1 or 2 above, Mortgagee, at its option (whether electing to declare the whole indebtedness secured hereby
due and collectible or not), may (a) effect the inwrance above provided -for and pay the reasonable premiums-and cha:ges therefor. (bl pay all said taxes and
assessments without determining the validity thereof, and (c) pay such liens and all such disbursements shall be deemed a part of the indeh[cdn~ss secured by
this Mortgage and shall be immediately due acrd payable by Mortgagor to Mortgagee. (4) To keep the buildings and other improvements now or hereafter
erected in good condition and repair, not to commit or wffer any waste or any use of said premises contrary` to restriction or record or contrary to laws,
ordinances or regulations of proper public authority, aad to permit Mortgagee to enter at all reawnable times for the purpose of inspecting the premises, not
to remove or demolish any btrtMtng thereon; to complete within One Hundred Eighty (180) Days or restore promptly and in a good and workmanhke manner
any building which may be conswcted, damaged or destroyed thereon and to pay. when due, all claims for labor performed and material furnished therefor.
t5) Ttut the tune of payment of the indebtedness hereby secured, or of any portion thereof, may be extended or renewed and.any portions of the premises
herein described rnay, without notice, be released from the lkn hereof,.without releasing or affecting the personal liability of any person or corporation for the
payment of .raid indebtedness or the lien of this instrument upon the remainder of said premises for the full amount of said indebtedness then remaining
' unpaid, and rto change in tiro ownership of said premises shall release, reduce or otherwise affect any such personal liability on the lien hereby created. (ti)
That he is seized of the premises in fce simple and has good and lawful right to convey the same: and that hr'does hereby forever warrant attd wiU forever
defend the tick and possession thereof against the lawful claims of any attd all perwns whatsoever. ee~~~~
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