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INTEREST RATE CHARGED AUTHORIZED BY CHAPTER 687 ~V `~v / /
MORTGAGE DEED ~OCUMEN7_ARY~,~ ..:.STAMP Tn ~
_ EPT.OF REVENUE ~ i
STATB OF FLORIDA - ~ ~ ~ oz ' ^ ~ ~
St. Lucie COUNTY
THIS MORTGAGE Made this 31rt day of >+tlgnat , 19 ~ by and between
Robert F. Owens and PgQav Otrens ,
his wife of St. Lucie County, State of Florida ,
hereinafter whether one or more called the "Mortgagor", has become justly indebted to
American Metropolitan MortQaae. Inc. d/b/a 1+Ld-Florida Finance, Co_
of Hillsborough County, State of Florida, hereinafter called the "Mortgagee", in the sum of
Twenty-Four Thousand One Hundred & Thirty-Five & 571100------------- DOLLARS (f 24,135.57 )
evidenced by one promissory note of even date herewith in the total amount set forth above, payable in
1_~ monthly installments in the sum of Fnnr HLnrtred nd Thirty-Four & 89/t Ot)--flOLLARS 4~4 _ R9
the first payment commencing on the 5t11 day of Oata~r , 19~g,_ ,and continuing on the
same day of each month thereafter until fully paid, together with late charges of five (5) teats per f1.00 on each installment not paid
within ten (10) days of the due date, but not exceeding the lawful mazimum and interest after maturity at the rate of 10~i per annum.
NOW for and in consideration of the aforesaid indebtedness and to secure the prompt payment of the same, Mortgagor hu bugained
and sold and does hereby grant, bugain; sell apd oopyeytunto 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: ~ ~ ~ t'_ : . _ _
T~i@ North half of Lots 1. end 2, Block I;:.:HARMONY HEIGHTS ADDITION, as per plat thereof
on file in Plat Book 8, Page 38, of the public records of St. Lucie County, Florida.
TOG'~'TIIZrR KITH all improvements situated upon the above described property. ALSO: All
furniture, fixtures, and equipment of every kind, character and description now contained
in the i3trprovearents situated upon the above described property including any replacements,
substitutions or additions thereto.
li Together with all rights, privileges, hereditamenu, easements and appurtenances belonging or appertaining. Mortgagor hereby~!
covenants and warrants to the Mortgagee, its successors and assigns, that he 'has a fee simple title to said property free from al!
i encumbrances except: ~ ~ ~ 1
RECEIVED t~_ IN PAYMENT of TAXEii
DUE ON CLASS 'C' iNTANB'.BIE PERSONAE P~E1tT>r,
PURSUANT TO GHAPTE.'t 71-t.4, ACTS OF •71,
~ „ StORER PaITRAi
CLERK CIRgMT COYRT, iL LNCE C0.1L3,
` TO HAVE AND TO HOLD all and singular the aforegranted and bargained premises unto the Mortgagee forever, provided always that
if the Mortgagor shall and will pay to the order of the Mortgagee, according to 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
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 assessements against the property and agrees to pay all taxes levied
under the laws of this state on the indebtedness 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 cuualties covered by the usual comprehensive casualty insurance policy. Such polity shall be with an
insurer acceptable to the Mortgagee in an amount not less than the balance owing upon all mortgage indebtedness encumbering the
property with loss payable to the Mortgagee. In the event of loss, Mortgagor shall give immediate notice by mail to the Mortgagee 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, deft or money order as his attorney-in-fact.
Upon payment for loss, the Mortgages 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 10'~ per annum from the date of
payment by the Mortgagee until paid.
The Mortgagor agrees and covenanu that he will maintain the mortgaged property in good condirion and not commit or to permit
anyone else to commit wute, reasonable weu and teu excepted. Upon the failure of the Mortgagor to so maintain the mortgaged
property, the Mortgagee may cause 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 a:pended 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 indebtedness hereby secured immediately due and payable, without
notice co any person to proceed to foreclose this mortgage in accordance with laws of this State.
PFe~oo- ~ SUE M~R1~R0
. aso0 w. ~Yp><ESS ~3~.5 P~~E~~
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