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Home My WebLink About2586 'l, ,1 i REAL ESTATE MORTGAGE X65163 IPlease print or type all names and addressed THIS S1ORTGAGE, made the _~t:fsr'?~ day of ~laYemher_ 19 2fl____ , by Ralph A. Fernandez and Margaret Fernandez, his wife (called Mortgagor herein)_ =L6126 Fairlawn Drive City of Orl o FL 32809 ~o Homema ers rinance ervice, nc. /a GECC E ca e ".~rtgagee herein): ~ti'ITVESSETH that Mortgagor has executed this date a promissory note, in the principal sum of .~7n___5_~.Q .96 - withinterest at tht rate stated therein, payable at the offices of Mortgagee ' in -1 ~ 0 .consecutive monthly installments, each installment in the amount of S ~ ~ O - 2 8 the first itutalltnent payable one month from the date of this mortgage unless a different date is inserted here ? ? ~ 0 9 ~ ? ~ the balance of installments payable on even date of each succeeding month thereafter until fully paid. VOW, THEREFORE, to secure the payment and performance by mortgagor of the promissory note. and the performance of the covenants herein contained and to induce Mortgagee to enter into the promissory mote with Mortgagor and for good and valuable con- s~deratiun, the receipt of which is hereby acknowledged, the Mortgagor does hereby grant, sell and convey to Mortgagee, its heirs, ~recutors, successors or assigns the following described real estate situated in the County of i Leie -o tnty State of Florida described as follows: Lots 38 39 Block 1508 of P6it'f ST. LUCIE SECTION 29, a subdivision according to the Plat thereof, recorded in Plat Book 14, Page 8, of the Public Records of St . Lucie County , Florida . h ~ ~ ` f ~ V:. _ - brine and intended to be the same premises conveyed to Mortgagor by deed dated ~ / ~ / ? R recorded on R / 1 5 , 19 1$- in Florida. Book 2~2 ,Page ~ 9 0 in the Office of the ' of c+ T,rcCi P -County, Together with the improvements hercditaments, and appurtenances thereto now or hereafter belonging, the rents. issues and profits ehereof. and all fixtures now or hereafter attached to or used in connection with the premises described above. To have and to hold the above mortgaged property unto the Mortgagee, Mortgagee's heirs, executors, administrators, successors or ~ssr¢ns, to Mortgagee's own proper use, benefit and behoof forever, provided that upon full payment and performance of the promissory r«ce, and the keepin¢ and performance of all the covenants stated herein, then this MortgagC and promissory note shall be null and void. .~thervvise to rcmatn in full effect. Any renewal of the promissory note, or the extending of payments of any installment thereof shall not watce any rights of the Mortgagee created hereby. Should the premises above described be sold orcunvts•ed or in the event any mechanics. materialmen's, workmen's, judgment ortax !ions lie against the premises, or this or any mortgage covering the premises shall be rn default, on or after the date hereof or should the nncmrssorv note be in default, then the indebtedness secured hereby, together w ith accrued interest to date shall at the option of Mortgagee ;mmediattly become due and payable, anything therein to the contrary notwithstanding. Upon such default or any default in the performance of the covenants herein. Mortgagee may toter upon and take possession of the ,aid premises, receive the rents and profits thereof and to apply the same toward the payment of taxes, upkeep of the property acrd the 'i tul Ifillment of the covenants of this mortgage; ur at the option of Mortgagee, to cause a receiver to be appointed; or to sell or cause to be .=~Id the property hercbv mortgaged and to convey the same to the purchaser, pursuant to the statute in such case made and provided and •~ut of the proceeds of such sale to retain the moneys due under the term> of this mortgage, the cost and charge of such sale. and a ~ -eacunahle attorneys ter, rendering the syrplus money, if any, ai the Slurtgagur. Mortgagor will keep the premises fully insured against loss by fire and lightning and such otherrisks as Mortgagee may require, with ~n~urance a?mpanv ur companies sausfacton• to Mortgagee, fur the benefit of Mortgagee and in default thereof Mortgagee may, but shall ~:==t he ohl igated to. imurc the same. Such expenditures for insurance by Mungagee shall htcomr so much additional indebtedness secured rehv. titortgagur shall provide. upon hortgagee's request. evidence of insurance coverages, which coverages shall also provide for '.n t IOt day.' pour written nonce to mortgagee of any cancellation or material mudihcation of insurance. Mortgagee shall have the op- r~~n to receive and apply the same un account of the indebtedness secured hereby or to permit said mortgagor to receive it acid use it or ;m part thereof for other purposes without thereby w ai. inti ur rmpainng any tyurry, lien or right under or by virtue of this mortgage. No building on the premises shall be removed or demolished without the consent of Mortgagee and Mortgagor covenants not to ,nmmit or permit waste of any kind upon or on said propery. !~1ortQa¢or will pay all taxes, assessments ur water rates. and any mortgage installment nn this property and in default thereof, ~1;~rtga¢ee may pay the same. but shall not be obligated to du ~u n~~tw uhstanding the security hereby provided for such, Mortgagor shall 'r in default under this mortgage, and the amount paid shall bt so much additional indebtedness secured hereby. Thr failure of ~1ortgagor to pay any par of am~ installment =~f tapes, assessments or insurance premiums under the provisions of this -:;urtQaee at the ume nr Hints .hen such items are due and pa~at?Ir..hali c~cmtitute waste within the meaning of applicable Florida law. gyn. amnunt~ paid ~1~crt:.?:ec fur insurance. tares, assecsmcni., v?ater SatC~ and ans m~crtgace installment un this property shall bear rtertst at the hichrst lastui : =mtract rats. and shall be paid h~ Llurteag~.r upon demand. ~1urtQagnn.~ hrreh• :;!:nyuish all rights of homesteaJ. Tfi. m~~rt•_a_e ~tiall inure to the benefit of the succeaors and assigns of Murttiagee .rod shall be binding upon the heirs, executors. - .~cce~~~r..,nd le~_ai represtntau.~es of Mortgagor. t Ir WITLESS ~~'HEREOF. Mortgagor has .itned this ~n.trumrnt =~n the day near first alxw teen. ~ ;gene aAd D~ehvered in t Ares e uf: ~ > ~ _ - tMortga r1 ph A. ernandez .L ~ ~ IMortgagor)Margaret Fernandez ~r=.~~ erne tis~s must siKnJ ~~p g ~ tn~ ur pr?nr names beneath srgnoturel T'-ri•. marument was prepared by: p,' L, Wilks _ ~ .E ~_~F1~t:AyCIF:L_:'~niIICES--- - - - - - - - - - s t D=ccumentan~ Seam Here) P.O: Boxy} 1~3~{0•~7-3~A ~j p ..,.~K`_~~ f at~~25~ If ducu:nentan- sumps are not affixed here, they have been