HomeMy WebLinkAbout0777 t~64O3S MORTGAGE ` ' . -1u t~~ ~
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Thu Mortgage is made thisl~_day of~tp~__, 151._ ZQ,'dy~rRlbetwetrt_ _~iQlf~_ff~~Il,~ ~St1Q~ as bart? K. 1
Frt~.~., end B,i~~ed C~ C~ff__:.__heL husbanS~••Mortgagor"), and Valemine Financial, Inc. ("Mortgagee"1.
a Florida corporation. having an office in the City of Ft • Lau~erd8le__County of__ BYOWSTd__._ _ State of Florida.
W I f N E S S E T H
WHEREAS, Mortgagor is indebted to Mortgages in the sum of 459.2a _ _ _ _ _
as evidenced by that certain promissaxy rase of even dale herewith, executed by Aortgagor and delivered to Mortgagee. a espy of which is attached
' hereto (the "Note);
NOW, THEREFORE to secure the performance by Mortgagor of all covenants and conditions in the Nate and in this Mortgage and in all other irutru-
met?ts securing the Note, and in order to charge the properties, interests nerd rights hereinafter described with such payment and ptrfurmanee and to sn:ure
renewals and extensions thereof, atsd for and in consideration of the sum of Ten and noi100 [h~llars (510.00), Mortgagor does hereby mortgage, sell,
pledge asd assign to Mortgagee all of the land in the County of_ St . Lucie County_ _ _ ` _
State of Florida, which is more particularly described as follows:
Lot 19, Block B, Aartnony Heights Add tio>~ ~3, as per public records of St. Lucie County,
Florida. ~
a/k/a: 5007 San Diego, Aarmony Aeights, Ft. Pierce, Florida
PRINCIPAL AHDLRIT 9,000.00 -
TNTRRITCT A11~?TAJT ~ ?n~/.~t:.~-^i ~
TOTAL AHOUNT 19,459.20 Received g ` ;n Payment OfTalaa
Due On Class "C"" mtanyrbte Personal PrOpRq,
hatwane To Chapter 71, 134, Aoq OI 1a71.
ROGER PORAAB
CMrlc Ciratit Count. fit. Ludy Co„ !N,
To have and to hold the same, together with all improvements and appurtenances thereto, and also all the state, right, title, interest, homestead, right of
dower, separate state, property, possession and claim whatsoever of Mortgagor to the sattx in every part and pareei thereof unto Mortgagee in fee simple
"Mortgaged Property") ~ _
~T C ~ _ ~-i SUBIECT TO the following "Permitted Liens"•_ ~ ? !G, f ' • t_ :
7: ;03.30] None 9= t~'~~{O.Zt~i
PROVIDED ALWAYS, that if Mortgagor shall pay to !Mortgagee the Note at the times anJ in the manner stipulated therein, and in a{I other insttu-
ments securing the Note, including rcnewak, extensions or modifications thereof, and in this Mortgage and in all other instruments securing the Note, to
be kept, performed or observed by Mortgagor, then this Mortgage shall cease and be void, but shall otherwix remain in full force and effect.
Mortgagor covenants and agrees with Mortgagee as follows:
i
j I. Co®pliaace with Note and MorlRage; Waranty of Title. Mortgagor shall comply with all provisions of the Note, this Mortgage and of every other
instrument securing the Nott, and will promptly pay to Mortgagee the principal with interest thereon and all other sums required to be paid by Mortgagor
E under the Note and pursuant to the provisions of this Mortgage and of every other instrument securing the Nute. Mortgagor is indefeasibl}• xized of the
Mortgaged Property in fee simple and Mortgagor has lawful authority to cume}•, mortgage and encumber the same as pro+ided by this Mortgage, and
does hereby so warrant.
2. Payrueal of Taxes sad Lkns. Mortgagor shall pay all the taxes, obligations and encumbrances of every nature now tin the Mortgaged Property or
i that hereafter may be imposed upon this Mortgage or the Mortgaged Property or upon the indebtedness secured hereby, except that Permitted Liens tray
I oe discharged in accordattce with their terms. All such payments to be made when due and payable according to law before they becortx deliquent and
before any interest attaches or any penalty is incurred. Insofar as any indebtedness is of raord (except indebtedness giving rix to Permitted Liens) the
same sha8 be promptly satisfied arsd evidence of such satisfaction shall be given to Mortgagee. .
3. htsrntxe. Mortgagor shall keep the Mortgaged Property and the improvements now existing ur hereafter erected on the Mortgaged Property insured
as may be required from tune to tune by Mortgagee against loss by fire, other hazards and contingencies in such amounts and for such periods as may be
required by Mortgagee. Mortgagor shall pay promptly, when due, any premiums on such insurance. All insurance shall be carried with companies
approved by Mortgagee and the policy and renewals thereof shall be field by Mortgages and have attached thereto loss payable clauxs in favor and in
~ form acceptable to Mortgages. In the event of loss, Mortgagor shall give immediate notice by malt to !Mortgages and Mortgagee pray make proof of loss if
not made promptly by Mortgagor. Eacfi inwrance company concerrred is hereby authorized and directed to make payments for such loss directly to
'xMortgages rnstgd of etcher to Mortgagor or Mortgagor and Mortgagee jointly. Insurance proceeds or any part thereof may be applied by Mortgagee at its
option, after deducting therefrom all its expenses including attorney's fen, either to the reduction of the indebtedness hereby xcured or to the restoration
err repair of the property damaged. Mortgagee is hereby authorized, at its option, to xttle and compromix any claims, awards, damages, rights of action
and proceeds, and any other payment or relief under any insurance policy. In the event of foreclosure of this Mortgage or other transfer of title to the
Mortgaged Property in extinguishment of the indebtedness xcured hereby, all right, title, and interest of Mortgagor in and to any insurance policies then
in force shall pass to the purchaser or grantee. Mortgagee may at its option regwre Mortgagor to deposit with Mortgagee on the first day of cash month,
tin addition to making payments of principal and interest, until the Note is fully paid, an amount equal to one-twelfth (1/12) of the yearly premiums for all
insurance. Such deposits shall not be, nor be deemed to be, trust funds, but maY be commineled with tFtc genera! f::nds of 4lortgagcc, err interest shah
he ;.Qyabk in :espa't tF,erri,f. Upon tieman6 by Mortgages, Mortgagor shall deliver to Mortgages such additional monies as are necessary to retake up any
deficiencies in the amounts ttecessary to enable Mortgagee to pay such premiums when due. In the event of default under any of the terms, rnvettants and
conditions in the Note, this Mortgage or any other instrurncnt securing the Note to be performed or observed by Mortgagor, Mortgagee may apply to the
reduction of the sums secured hereby, in such manner as Mortgagee shall determine, any amount under this paragraph remaining to MortgagoPs credit
and any return premium received from cancellation of any insurance policy by Mortgagee upon foreclosure of this Mortgage.
4. Cosdemnatioa. If the Mortgageed Property or any part thereof shalt be damaged or taken through cotdemnation (which term whrn used herein
shall include any damage or taking by any governmental authority or any other authority authorized by the laws of the State of Florida or the United -
States of America to so damage or take, and any transfer by private sale in lieu thereof), tither temporarily or permanently, the entire itsdebtedrtess and
other Burns secured hereby shall, at the option of Mortgagee, become immediately due and payable. Mortgagee shall be entitled to all compensation
awards, damages, claims, rights of action and proceeds of, or on account of any damage or taking through condemnation and is hereby authorized, at its
option, to commence, appear in and prosecute, in its own or Mortgagor's name, any action or proceeding relating to any condemnation, and to settle or
compromix any claim in connection therewith. All such compensation awards, damages, claims, rights of action and proceeds, and any other payments or
relief, and the right thereto, are hereby assigned by Mortgagor to Mortgages and Mortgages after deducting therefrom alt its expenses including attorney's
fees may releax any monies so received by rt without affecting the lien of this Mortgage or may apply the same, in such manner as Mortgagee shall deter-
mine, to else reduction of the sutras secured hereby and to any prepayment charge provided in the Note, this Mortgage or any other instrument securing the
Y Note. Any balatxe of such monies then remaining shall be paid to Mortgagor. Mortgagor agrees to execute such further assignments or any compensa
lions, awards, damages, claims, rights of action and proceeds as Mortgagee may require.
5. Care of Mortsrsaed PropMy. Mortgagor shall not remove or demolish any building or other property f t .
without the written cortxnt of Mortgagee. Mortgagor shall not permit, commit, or suffer any waste, impairment eterio n of r
€ eery or any part thereof, and shall keep the same and improvements thereon in good condition and repatrlI ~~qq~~pp ~~11~I t t
within five (S) days of any damage, or tmpairtnent of the Mortgaged Property. Mortgagee may, at Mortga~~iiE1~n~~d ~r~-
t~ LO.
inspected at any tune and Mortgagor shall pay all costs incurred by Mortgagee in executing such inspection. 3rJ1 N. $7AjE READ 7
~ ~ nR~~ ~ "T7~ f T LAUDERDALE FtA ~~~~7