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MORTGAGE DEED ~ •~~5441 ~ AVCO FINACIAL SERVICES
UM NVM
~ •
X401428 - HWY
NAME f1A0T IN+T,~I SPOVSE'S NAME
'C PEEK KEN',VETH MILDRED FT PIERCE _ . Flotitia
that hortgagor hrrcby grants, bargains, assigns, and conveys unto 1lurtgagrr, the foUuwing dexritrrd real estate in the ('aunty of
ST LUCIE , Sute of 1•lorida, to wn:
BEGINNING AT THE NORTHEAST CORNER OF THE S 1/2 OF THE NE 1/4 OF NW.
1/4 OF SECTION 17 TOWNSHIP 34 SOUTH RANGE 40 EAST, THENCE RUN WEST A
DISTANCE. OF 429.4 FT MORE OR LESS TO THE WEST RIGHT OF WAY LINE OF US HIGHWAY 1r
FAR POINT AT BEGINNING. THENCE RUN SOUTHERLY ALONG SAID RIGHT OF MAY LINE A
DISTANCE OF 100 FEET. THENCE RUN DUE WEST TO THE EAST RIGHT OF WAY LINE
OF STATEROAD 4 THENCE NORTHWESTERLY ALONG SAID EAST RIGHT OF WAY LINE OF STATE
ROAD 4 TO A POINT 230.2 FEET MORE OR LESS, WEST OF THE WF,.STLINE
OF US HIGHWAY 1 THENCE DUE EAST TO THE POINT OF BEGINNING, AS PER PUBLiQ
RECORDS OH ST LUCIE COUNTY, FLORIDA.
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r++_. thee scdh all huildmg+ and nnpruvement, no++ ur hrreaftrr erected thereon and a!! ,crecns, shade,, storm sash and blinds, and heating. fighting, pWmbing.
'.firmed\tixture+rtrndtinu rcir(g, tti
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~r hrrrui, and thnnc~rcJ Iamm~h .rnJ a in runnrctiur. therewith, all of which, for the purpose of this mortgage, shall be
JL ppurtenantrs pertaining to the property above descrilxs;. ell of xh:ch is referred to
rrrnaftrr as the "prcmi+e+"
t c r Ii ~\'E: ANU "f0 HOLD card tared and prcmix•., ++rth all the rrghh. pnvikrtr, andappurtenancr+ thereto txlunging, unto mortgagee and his heirs. executors.
+.1^unistraton, succeswr, and a„rgr.,. iotrver.
`.1.+1(LaYUfahu a+,r~n, Io ~lurteagee all rent.. i„ue, and profit, 01 ,aid prcnn,e,. re,rn•ing the tight to culled and use lhr same, with or without taking
„r„tun of the prcnu,r,. during .nntrnuanre of dclault hereunder. and during continuance of wch default authonring \fortgagre to enter upon said premises
,o,i ..r collect and enforce the vnx• without rreard to adeyuaip of any xcuritp for the indebtedness hrrrb}• secured b}• any lawful means including
,;~~+nntmrnt of :1 rl'Ca'IYer m the name of an}' pJEt)' herctU. and tU apph the ,arrre less aust+ and expenses of operation and collection. including reawnable
,!t.+rney', fires, upon drip indcbtedne,,,e.umd hercbp. in ,u:h order a, \furtgagee ma} determine.
f uR TH{•: PURPOSE Ol SE('URING: 111 Performance of each agreement of Mortgagor contained hrrcin: 121 Payment of the principal sum of
12752.64 with interest, as provided in accordance with the terms and provisions of a Promissory tote/Loan Agreement (hereinafter rcferrrd to as
Pr+,miswry Notr''1 dated 11 ~ 7n ,maturity date 11~1S-HS ,and payable to the order of llurigagee,
which Promiswry Note refcrcnce is hereby made: 131 Payment of any additionai advances, not in a principal wm in rxcYSS of S 12+75,264 ,with
r: r. rest thereon, ss may hereafter Ire loaned by Mortgagee or the ttx;n holder of his 1lfortgage to 1ortgagor, each and every advance to be evidenced by the
Pr~~r.,i+sory Nute of Mortgagor in tier amount of the advance; (4? The payment of any money that may be advanced by the Atortgagrr to Mortgagor for any
rre,r,n or to third parties where tlxr amounts are advanced to protect the security or in accordance with the covenants of this Mortgage.
~iI payments made by Mortgagor on the obligation secured by this Mortgage shall be applied in the following order
FIRST: To the payment of tares and assessments that may be levied and assessed against said premises, insuranaY premiums, repairs, and all other charges
rr~i expenses agreed to be paid by the Mortgagor.
Sh:COND: To the payment of interest due on said loan.-
THIRD: To the payment of principal, -
Ice PROEf(`I THE S1•:(-IiRITI" HEKE.OI. 11OR'iGAGOR ('Ol'1 \:1Nlti :\NI) :~I:RFI ti. II?io keep ,aid premr,e, rmurcd agarn,t rim and wrh other
,~!,alties a, lhr Mortgagee may specify, up to lhr full value of all impnn'ement+ fur the purirctiun u1 \lortEagee rn ,u:h manner. m ,u:h anu,unh. and in wch
~~mpanies as Mortgagee may from tirnr to time approve, and to keep the pcrlrcrrs therefor, properly endorsed. un drpu+il with Mortgagee. and that lus
F~n~_ceds (less expenses of culkrtionl shell. al ~krrtgagrr's ophun, be applied un aid indebtedne,,, whether due or nut or to the a,turatiun of said
fir, •~nrvrmrnK. In event nt loss Mortgagor will give immediate nohcr by mail 1.. the Morteagee who may make pn=uf of Ice„ it not made prrmptlp by
+h+rtEagur. and each irourann company .unrerned i, hera•b} authunied and directed t:r m.:lee payment for ,uch lo,•. due\th to Mortgagee in+tead of
~I,+rteagur. 121 Tu pay all taxes and special assessments of any kmd that have been ur may Ire levied ur a,sr++rd upon ,aid premise.. ur an} pert thereof. 13? In
,hr event of drfauh by Mortgagor under Paragraph, I ur ? atruee, 1ortgage_, at H, optisrn (whrthrr electing to dealarr the s.hole indrbtrdne+, secured hrrrby
and collectible or noU. map la?rflect the imurancr abu+e procidrd fur and pay the rea,onahlr premium, and charge, therefor. Ibt pay all ,aid tar, acid
.~„merit, without determining the validity thereof, and Ict pap ,uch Gen, and aii ,uch di,bur+emenh ,hall be decnred a part of the indrhtedm•+, .::acrd by
;!~r. Mortgage and shall br immediately due and payable by Mortgagor to >tortgager. tit To krrp the building, and other improctment, nose ur hercatter
:r:,trd m gaud condition and repair. not to .ummii ur wffer anc +ea,te ur any use of ,aid premi,e, :untran' br re,triction ur rr_ord or ,c.ntrarv to laws.
++rdinances or regutatians of proper public authority, and to permit Mortgagee to enter ai all reavrnahle time, for the purpo,r of tmprcting the premise., not
t++ remove or demolish any building thereon: to complete within One Hundred Eighty- t IRO) Daps ur rc,ture promptly and in a gaud and xurkmanhkr manner
,n} building which may be constructed, damaged or destroyed thereon and to pap. when due, aH claims for labor performed and material form+Fnd therefor.
iirn•In dexhrilrrd may, withouttn ti
~ txdnleased fromrthc lien
hrrc~ fir witt,~ut ~1
vron toter rffrcmny h extended rn renrwrd and any portiurrs of the premises
g g personal 6ahility of anc prr,un ur eirrpcrtation for the
I+a+ merit of said indebtedness or the lien of this instrument upon the remainder of said premises fur the full amount of said indebtrdne+s then remaining
,npaid, and no change in the ownership of said premises shall rclea,r, reduce or otherwise affect any sw•h prrwnal IiaMhtp on the hen hrrrby creaMd. 161
f hat hr i+ seized of the prrmius in fee ,imply and has gaud anJ lawful right to convey the s;Enrr: anJ (hat hr doe. hereby Grrr+er warrant and will forever
1~frnd the title and possession thereof against the lawful claims of any and all persons what,axver. r~y.A))
09-0475 (6-73I Fl, 320 PacF • l~ 1