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Interest rate charged authorized by Chapter 687
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' t STATE ~F= FLC>F-l~u~•
MORTGAGE DEED oOCUMENTARY~-:~~STAMP i n x ~
DEPT. CF REVENtlE '
2,!.
STATE OF FLORIDA = t ~+^z I
St. Lucie COUNTY
E
THIS MORTGAGB Made this 23rd day of AuQUSt ,19 79 by and between
Cornelius Albury and Erma J. Alburv ,
his wife of St. Lucie County, State of _ Florida ,
hereinafter whether one or more called the "Mortgagor", has become justly indebted to
American Metropolitan. Mortgage, Inc., d/b/a Mid-Florida Finance Canpany
of Hillsborough County, State of Florida, hereinafter called the "Mortgagee", in the sum of
Fourteen Thousand Eight Hundred Two Dollars and 96/100--------------pOLLARS(t 14,802.96 ~
evidenced by one promissory note of even date herewith in the total amount set forth above. payable in
120 monthly installments in the sum of Two Hundred Sixty-Six and 73/100------DOL~~ (=266.73
the fast payment commencing on the 10th day of October , 19 79 ,and continuing on the
same day of each month thereafter until fully paid, together with late chuges of five (5) cents per f1.00 on each installment not paid
within ten (10] days of the due date, but not ezceeding the lawful mazimum and interest after maturity at the rate of 1096 per annum.
NOW for and in consideration of the aforesaid indebtedness and to ucure the prompt payment of the same, Mortgagor has bugained
and sold and does herby gent, bugain, sell and: cWtxyy uoto~ the said Mortgagee, its successors and assigns, the following described
lot or pucel of land situated in St. Lucie County, State of Florida, to-wit:
SEE ATTACHED FOR LDGAIS
TOGETHER with all improvements situated upon the above described property. ALSO: r,ll
furniture, fixtures and equipment of every kind, character and description now contained
i,t the imr•*-o:~ements situated. upon t~.e above described property, including any replacements,
substitutions or additions thereto.
Together with all rights, privileges, hereditamenu, easements and appurtenances belonging or appertaining. Mortgagor hereby
i covenants and warranu to the Mortgagee, its successors and assigns, that he hu a fee simple title to said property free from all
4 encumbrances except:
UECttYEO t 2 9 . V ! IN PAYYl1IT of TAXEt
~ DUE OM Ct~ SS 'C' INTANOtSLE PFRSDNAI PROPER
PARCEL I : Pennamco F~UPSUANT TO . N.IPTER 71-i3~, ACTS OF An„
i R06ER P01TRA>Z
' Parcel II: Treasure Realty CLERK ~ ISC~ ~
r{ r TO HAVE AND TO HOLD all and singulu the aforegranted and bargained premises unto the Mortgagee forever, provided always that
if the Mo*tgagor shall and will pay to the 4rdtr of the Mortgagee, according c~ its tenor and effect, that certain promissory note of even €
date herewith and secured hereby and any other sums which become owing by the Mortgagor to the Mortgagee prior to cancellation f
hereof, then this mortgage shall cease, terminate and be void, otherwise to remain in full force and effect.
The Mortgagor agrees and covenants to pay all taxes and special assesuments against the property and agrees to pay all taxes levied
under the laws of this state on the indebte ness secured hereby. Mortgagor further covenants and agrees that a will at all times until the
release of this mortgage keep in force a policy of insurance on that portion of the mortgaged property which is insurable covering loss
and damage by fire and the other casualties covered by the usual comprehensive cssualty insurance policy. Such policy shall be with an ,
insurer acceptable to the Mortgagee in an amount not less than the balance owing upon all mortgage indebtedneu encumbering the '
property with loss payable to the Mortgagee. In the event of loss, Mortgagor shall give immediate notice by mail to the Mortgages which
will make proof of loss if not made promptly by the Mortgagor and each insurance company concerned is hereby authorized and directed
to make payment for such loss directly to the Mortgagee instead of to the Mortgagee and Mortgagor jointly but, in the event any payment
is made jointly, Mortgagor hereby authorizes Mortgagee to endorse his name on any check, draft or money order as his attorney-in-fact.
Upon payment for loss, the Mortgagee may at its sole option apply such proceeds to reduce the balance of the indebtedness or to restore
the mortgage property. In the event Mortgagor shall neglect or refuse to obtain said insurance or pay any taxes when due, then the
Mortgagee may at its sole option obtain such insurance or pay all such taxes or both and all sums expended therefor are hereby secured
by this mortgage and shall be due immediately from Mortgagor to Mortgagee with interest at the rate of ]096 per annum from the date of
f payment by the Mortgagee until paid.
€ The Mortgagor agrees and covenants that he will maintain the mortgaged property in good condition and not commit or to permit
anyone else to commit wute, reasonable wear and tear excepted. Upon the failure of the Mortgagor to so maintain the mortgaged
property, the Mortgagee may cauu reasonable maintenance work to be performed at the cost of the Mortgagor. Any such sum so
expended shall be due immediately from Mortgagor with interest at the rate of 1096 per annum from the date expended until paid.
The Mortgagor hereby vests the Mortgagee with the full power and authority, 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 thereof, or in the
performance of any agreement herein contained, to declare the entire indebtedneu hereby secured immediately due and payable, without
notice to any person to proceed to foreclose this mortgage in accordance with laws of this State.
pj6p3f0d by LINDA NAGIIER
4600 W. CYPn...••+ ST. %?MER1CAi3 tvii:i iivi'.:.iinF~ MORTCtr.rc ~.t-..
SUITE 520 0~~~~ p~E~` ` ~ ~ 4600 W. CYPrtE:j`i 5iR`='
~eMP4 fIJl. 8360! BUOK ~ 5Ul~TE 520