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~I~ttP Of ~IOi'td~l MORTGAGB DEED 4~~Q'~
.mot . r•ur_, p tCaunt~
THIS MORTGAGE Made This 6th day of November . 1e 79
by .nd between Raymond C. Francis
and
P
Doris M. Francis ~ wife of
St. LUCle County. State of Florida , hereinafter whether one or more coiled the "Mort-
gagor", bas become lastly Indebted to Florida Vinyl Di3tr~htttnra. jnc. of
St . Lucie County. State of Florida , hereinattsr caAed the "Mortgagee". to the sum of
Six Thousand One Hundred and 00/100----------- r,~,~s 6100.00------ )
evMeaoed by One promissory note of even date herewith in the total amount set forth above, payable
in 2 0 monthly Installments in the sum of One Hundred One and 66/100------------
Do,a.ARS t: i o~ _ STN _ ~P.
the Nrst psymenl commencing oA the day of
„
19 $ 0 ,and condnuing oa the same day of each Aronth thereafter untll fully paid. together with late charges of five (S) cents per it.l]0
OA each Installmept AOt paid within tap (1t1) days O( the due date, but not exceeding the lawful maximum, and tnte[est after maturity st the rate
of lt)% per annum.
NOW, for and ia~oonsiderattoA of the aforesaid indebtedness and to secure the prompt payment of the same. Mortgagor has bargained and
sold and does hereby great, bargain. seU and convey unto the said Mortgagee, his successors and assigns. the following described lot or parcel
of land situated In Rt LuC ~ A County. State of Florida, to wit:
The North 80 feet of Lots 3 and 4, Block 2, Seminole Park, according
to the plat thereof as recorded in Plat Book 10, Page 11, of trE Public
Records of St. Lucie County, Florida..
llttatwd • 'n Pityatant Ot Tt~11tM
Dui On Cla» "C" irsunpiW~ Panartal RrooMt>r.
l+ww.++c To Ctttivter 71.1$1, Ass a ~ .
CNrh Circuit Court. fit. ~Yd~ Co. fM. _ _ ~ ~'i F; SET
THiAPA. r t_:~tiiGri 33fiJT
Together with all tights, members. privileges. hereditaments. easements and appurtenances belonging or appertaining. Mortgagor hereby
covenants and warrants to the Mortgagee, his hems. successors aAd assigns, that he has a fee simple title to said property. free from all eA-
cumbrances except:
Lomas & Nettleton Company _ ~ - _ _
_ 1
TO HAVE AND TO HOLD all and singular the aforegranted and bargained premises unto the Mortgagee forever. provided always that it
the Mortgagor shall and wW 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 fo remain in tali force and effect.
The Morigegor agrees and covenants to pay all taxes and special assessments against the property and agrees to pay alt taxes levied under
the laws of this State on the Indebtedness secured hereby. Mortgagor further covenants and agrees that be will at all times until the release of ,
Ibis mortgage keep !n force a policy of Insurance on that portion of the mortgaged property which Is insurable covering loss and damage by
fire and the other casualties covered by the usual comprehensive casualty insurance policy. Such policy shall be with an insurer acceptable to
the Mortgagee. in an amount not less than the balance owing upon the indebtedness secured hereby, with loss payable to the Mortgagee. fn the
event of loss. Mortgagor shall give immediate notice by maU to the Mortgagee. who wW make proof of loss If not made promptly by the Mori-
gsgor. and each insurance company concerned b hereby authorized and directed to make payment for such loss directly to the Mortgagee in- i
stead of to the Mortgagee and Mortgagor jointly but. in the event any payment is made jointly. Morigegor hereby authorizes Mortgagee to en-
dorse his name on any check. draft or money order ~s his attorney-in-tact. Upon payment for loss. the Mortgagee may et his sole option apply
such proceeds to reduce the balaACe of the tndebt.rdness. 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 dm Mortgagee may a! his sole option obtain such insurance or pay all such lazes or both.
' and aU sums expended therefor are hereby secured by this mortgage end 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 untll paid. ?
~ ')mar gees and covenants that be wW maintain the mortgaged property In good condition and not to commit or to permit anyone
else to commit waste. reasonable wear and tear excepted. Upon the taUure of the Mortgagor to so maintain the mortgaged property. the Morb
gages may cause reasonable matatenance work to be performed at the cost of the Mortgagor. My such sum so expended shall be due Immediate-
ly from Mortgagor with Interest at the rate of 10'X. per annum tram the date expended untU paid.
The Morigegor hereby vests the Mortgagee with the full power snd 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 hereiA eentatned, b declare the entire Indebtedness hereby secured immediately due and payable. without notice to any person. to
proceed to toredose fhb mortgage fn accordance with Isws of Ihb State_
T tti: w .we.~r.~..~e~N 71rA~1, YA/~ 1111• 1(__ nf7AQ}7t1A _ d~II P~.ss-•r~. e. i. Lei. m..~~_ r~1 -f~i~w