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. ~ ~ ~ ~ ~ MORTGAGED: PS- 30S
MORTGAGE DEED 46`7413 ~,~CQ ^I'.`iA?~CIAL Src_~tlrps p^
I?OLLV'!~?0~, ?'LA . I^:C .
13040572 /y~ R
a.r MGM[ fIMSi IMIf1~l SPOVSE'S M.M( 1 g48 S • ~'e3eral 1?:tiy •
::ichol2son, John J Fa'~e13 A. Stuart ,Florida
I h;,t MortY~or hrrcby Grants, bargains, assigns, and conveys unto MertGaGer, the foUowinG druribed real estate in the County of
it . LLiC 1 e ,State of ~E1ot~d~ do 'viilt:
Lot 25 , ??lock 172 , FOFT ST . LIICIE SECTI02! 4 ,
accoz•?in~ to the pl^t t~:ereof on file in
Mat ??ook 12, p~a~e 14 of the public records
n ~f St. Lucie Count;,, ^lorida.
t~ r SL'~J~CT TO reservations, rests fictions, easer_:ents
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any? i i~hts of :,a~; of ~ ecor ~ .
Recehrsd ! f3' ? " In Payment Of Tazot
~ Oue On Class ••C' Intangible Personal vrop„rh~
. ~ ~ , i ~ ~ ~ , - pursuant To Ch ~ ~
~ , • , ~ 5 ! i• • i ~ epter 71. 134. Acts O+ 971,
. _ - - f ~ ; ROGER POITRAS c~
~ _ - . - I CI. 2 C ~ ~ clrcuA court, st. l.ucl.. Co Fl?.
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ALSO T ,w.-r ~ T n ^,i 7 -Tlr,R T. Tr. _ -,r •
(;.,1~ ~ n. S_T_~E~~ i•it: _ I.tCT FL ~QS~~ AS.
1 1rt9 S. '?o~nn Street
t . St . Lucie , T'L 33 T52
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r,+e~ they with all buildings and improvements now or hereafter erected thereon and all screens, shades, storm sash and blinds, and heating. lighting, plumbinG,
electric, ventilating, refrigerating and air-conditioning eyuipmrnt used in runnection therewith, all of which, for the purpose of this mortgage, shall be
.i~•~•mrd futures and subject to the lien hereof, and the heredilamrnts and appurtenances pertaining to the property above described, all of which is referred to
t:errrnaftcr as the "premises'".
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f I u I1~~\'r: AND TO HOLD said land and premises. with all the rights. privileges and appurtenances thereto belonging, unto mortgagee and his hein, executors.
_~i~mnistrarurs, wccessors and assigns_ forever.
~I~~rtg.~ur alw assigns to Mortgagee all mots, owes and profits of said premises, reserving the right to collect and use the same, with or without taking
.~„esiun of the prcmixs, during cuntinuan~Y of default hereunder, and during continuance of such default authorizing Mortgagee to enter upon said premises
:rr cullert and colorer the same without regard to adeyuacy of any xcurity for the indebtedness hereby secured by any lawful means including
el~purr`tntrnt of a rec'rirrr in the name of any party hereto, and to apply the same leu costs and expenses of operation and crollectiun, includitg reasonable
_~..vne}'s fees. ulxrn any indebtedness xcurcd hrrcby. in wch order as Mortgagee may determitre.
t t)R TIE PURPOSE OF SECURING: (1) Performance of each agreement of Mortgagor contained herein; (2) Payment of the principal sum of
? 3 •77with interest thereon, pr ed in accordartce with the terms and provisions of a Promissory Note/Loan Agreement (hereinafter referred to
r, 'Promissory Note") dated 1 1~?3/ (9 having a maturity date of 12 ~37f ~5 ,and payable to Mortgagee; (3)The
.~i, merit of any money that may be advanced by the Mortgagee to Mortgagor or to third parties where the amounts are advanced to protect the security or in
~~curdartce with the covenants of this Mortgage.
III pa}merits made by Mortgagor on the obliption secured by this Mortgage shall be applied in the following order:
f IRST: To the payment of taxes and assessments that may he levled and assessed against said premises, insurance premiums, repairs, and all other charges
,n~,1 r,.penses agreed to be paid by the Mortgagor.
SECOND: To the payment of interest due on said loan.
THIRD: To the payment of principal.
4 I tt PROTECT THE. SECURITY HEREOF. MORTGAGOR CO~'I{\ANTS AND AGRFI'S: 111 To keep said prcmixs inwrcd against fire and such other
,~uelties as the Aturtgagre may specify, up to the full value of all improvements for the prutecuun of Mortgagee in such manner. in wch amounh. aril in such
umpanirs as Murtcagre may from lime to time approve, and to keep the policies therefor, properly endorsed. on deposit with Mortgagee. end that loss
Y ;u+..eeds (less expenses of collection) shall, at Mortgagee's option, br applied on said indebtedness, whether due or no? or to the restoration of said
~~+,hnnrmrnts. In event of bss Mortgagor will give immediate notice by mail to the Mo?lgager who may make proof of loss if not made promptly by
~1+~nEagor. and :ach inwrance company concerned is hrrcby authorized and directed to make payment for such loss directly to Mortgagee imtrad of
`•1•+rteagor. 12) Tu pay all taxes and special assessments of any kind that have been or may be levied or assessed upon said premises, or any part thereof 13) In
rf?~ ;vent of default by Mortgagor under Paragraphs l or 2 above, Mortgagee, at its option wwhether electing to declare the whole indebtedness secured hereby
.stir and collectible or not). may (a) effect the inwrance above provided for and pay the reasonable premiums and charges therefor: Ibl pay all said taxes and
:-,r„merits without determining Ihr validity thereof, and (cl pay such liens and all such disbursements shall be deemed a part of the indebtedness xcured by
t, :hn Mortgage and shall be immediately due and payable by Mortgagor to ~tortgager. 141 To krrp the buildings and other improvements now or hereafter
rc; trd in good condition and repair. not to commit or suffer any waste or any use of said premises contrary to restriction or record or contrary to laws.
+rdrnanres or regulations of proper public authority, and to permit Mortgagee to enter at all reasonable time+ for the purpose of inspecting the premise., not
+ remove ur demobsh any building thereon: to complete within One Hundred Eighty I lAOI Days or restore promptly and in a good and wurkmanhke manner.
,n~ bmlding which may be constructed, damaged or destroyed thereon and to pa}•, when due, all claims for labor performed and material furnished therefor.
a That the time of payment of the indebtedness hrrcby secured, or of any portion thereof, may be extended ur renewed and any portions of the premises
rem described rruy, without rwtice, be rcleaxd from the lien hereof, without releasing or affecting the perwnal liability of any person or corporation for the
merit of said indebtedness or the lien of this instrument upon the remainder of said prcmixs for the full amount of said indrMedness then remarmng
:npaid, and no chmge in the ownership of said premises shall rctease, reduce or otherwise affect any such perwnal liability on the lien hrrcby created. It,i
I hat be i, xizrd of the prcmixs in fee simple and has gaud and lawful tight to convey the same: and that hr duns hereby forever warrant and will forever
irfrnd the title and pusxsston thereof against the lawful claims of any and all persons whatsoever.
^..~!~~~1 .,r~ 144