HomeMy WebLinkAbout0064 gECQyEp S`~ IN ?AriENT tlf TAXES f]
DUE oN CIASS'C IItiTAN6tfilE PiRSOMK! PzorExlY,REAL ESTATE MORTGAGE 4'71118 1
PURSUAlii TO CiIAPTER ]1-13~, ACTS OF 1911.
RUfa"try i'ulinilJ /.iti'lease print or typC uti i~ui~icS a::d 1~3riiGS)
CLERK Cf4CUR COURT, ST. lUC1E CO. i1tA, J
THIS MORTGAGE, made the _ _ Z~th____---__ day of .-___DgCf:>?1~EL__-_--__ _ 19_x_ by
LEOPOLD_ ESTEIN, NADJA ESTEIN _ _ _ (caned Mortgagor herein)
of __115 QUEEN_CATHERINA COURT,_QUEEN'S COVE- City of -FORT PIERCE~FL. 33450_,_`__
GULF BAY FINANCIAL CORD _ _ (called Mortgagee herein):
to_-_-__--- _ _
WITNESSETH that Mortgagor has executed this date a promissory note, in the principal sum of 2 s 504.00 (FOrty Tv0 thousand
Five Hundred__ Dollars and No/100 with interest at the rate stated therein, payable at the offices of Mortgagee in
~
20 _ consecutive monthly installments, each installment in the amount of s 765.79^ the first install-
ment payable one month from the date of this mortgage unless a different date is inserted here 1/27/80___
the balance of installments payable on even date of each succeeding month thereafter until fully paid.
NOW, THEREFORE, to secure the payment and performance by mortgagor of the promissory note, and the performance of the cove-
Hants herein contained and to induce Mortgagee to enter into the promissory note with Mortgagor and for good and valuable consider-
~ ; ation, the receipt of which is hereby acknowledged, the Mortgagor does hereby grant, sell and convey to Mortgagee, its heirs, exe-
cutors, successors or assigns the following described real estate situated in the County of ~L_LllCIE_________-___
State of florida described as follows:
Lot C, Block 22, QUEEN's COVE, UNIT TWO, according to the Plat thereof as recorded
in Plat Book 20, Page 6, of the Public Records of St. Lucie County, Florida.
being and intended to be the same premises conveyed to Mortgagor by deed dated _ $eptt?Inbel" 5, 1979 - recorded on
_ __$e~tetnber 28~_`__, 14~.- in Florida, Book _~Z_f Pa a rn the Office of the
g 1520- -
Clerk o~ the Court___ of _ ST, LUCIE county,
Together with the improvements hereditaments, and appurtenances thereto now or hereafter belonging, the rents, issues and
profits thereof, and alt 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
assigns, to Mortgagee's own proper use, benefit and behoof forever; provided that upon full payment and performance of the pro-
missory note, and the keeping and performance of all the rnvenants stated herein, then this Mortgage and promissory note shall be
null and void, otherwise to remain in full effect. Any renewal of the promissory note, or the extending of payments of any installment
thereof shall not waive any rights of the Mortgagee created hereby.
Should the premises above described be sold or conveyed or in the event any mechanics, materialmen's, workmen's, judgment or
tax liens lie against the premises, or chic or any mortgage covering the premises shall be in default, on or after the date hereof or should
the promissory note be in default, then the indebtedness secured hereby, together with accrued interest to date shaft at the option of
Mortgagee immediately 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 enter upon and take possession of
the said premises, receive the rents and profits thereof and to apply the same toward the payment of taxes, upkeep of the property
and the fullfillment of the covenants of this mortgage; or at the option of Mortgagee, to cause a receiver to be appointed; or to sell or
cause to be sold the property hereby mortgaged and to convey the same to the purchaser, pursuant to the statute in such case made and
provided and out of the proceeds of such sale to retain the moneys due under the terms of this mortgage, the cost and charge
of such sale, and a reasonable attorney's fee, rendering the surplus money, if any, to the Mortgagor. -
Atortgagor will keep the premises fully insured against loss by fire and lightning and such other risks as Mortgagee may require,
Kith insurance company or companies satisfactory to Mortgagee, for the benefit of Mortgagee and in default thereof Mortgagee may,
but shall not be obligated to, insure the same. Such expenditures for insurance by Mortgagee shall become so much additional indebted-
ness secured hereby. Mortgagor shall provide, upon Mortgagee's request, evidence of insurance coverages, which coverages shall also
provide for ten (10~ days' prior written notice to mortgagee of any cancellation or material !modification of insurance. Mortgagee
shat) have the option to receive and apply the same on account of the indebtedness secured hereby or to permit said mortgagor to
receive ii and use it or any part thereof for other purposes without thereby waiving ar impairing any equity, lien or right under or
by virtue of this mortgage. -
~o building on the premises shall be removed or demolished without the consent of Mortgagee and ~~tortgagor covenants not to
commit or permit waste of any kind upon or on said property.
;Mortgagor will pay all taxes, assessments o~ water rates, and any mortgage instalment on•this property and in default thereof, Mort-
gagee may pay the same, but shall not be obligated to do so notwithstanding the security hereby provided for such, Mortgagor shall
be in default under this mortgage, and the amount paid shall be so much additional indebtedness secured hereby.
The failure of Mortgagor to pay any part of any installment of taxes, assessments or insurance premiums under the provisions of this
mortgage at the time or times when such items are due and payable, shalt constitute waste within the meaning of applicable Florida
la~v. Any amounts paid by Mortgagee for insurance, taxes, assessments, water rates and any mortgage installment on this property shall
bear interest at the highest lawful contract rate, and shall be paid by Mortgagor upon demand.
Mortgagor(s) hereby relinquish all rights of homestead.
This mortgage shall inure to the benefit of the successors and assigns of Mortgagee and shall be bindrng upon the heirs, executors,
successors and legal representatives of Mortgagor.
IN WITNESS WHEREOF, Mortgagor has signed this instrument on the day and year first ove to -r_
Signed jnd Del' Bred in the presence o(:
1~ -
_ Leopold Es (~tortgagor?
~i ,
Nadja Estero (Mortgagor)
r~ (rrro i:~trscssrs roust siynj (t~pr or print nnnrts brntath signotarrl
Toff instjyavealeY s prepared by:
GiTLP BAY _FIINANCIAL-C4~--- ~ - . t
•
1111 N. WESTSHORE _ BLVD. -SUITE 205.. _ ~ ~ - `
- !address) - ~ 7 - ~
c~ ~ e~ O r en
TAMPA, FL 33607 600KJ~•J PGGE •
f atUxeo fo the rvurr. + _