HomeMy WebLinkAbout0080 ~t~fr of ~lurid~ 4'~.iz8 ~ •
MORTGAGE DEED
St. Lucie i~tau~iu
THIS MORTCAGB Made Thb 20th asy o[ November is 79
by end between T- Van Fleet a/k/a Reva L Coog and
J{1dK of
St. Lucie County. State of Florida , hereinafter whether one or more called the "Mori-
gegor', has become luatly Indebted to Florida Vinyl Distributors, IriC. of
Hillsborough County. State of Florida , herelnatter called the "Mortgagee". in the sum o[
5300.00------- )
Thousand Three Hundred and 00/100----- nnt.I.AAxs Is
evldenoed by ,QnP promissory note of even date herewith fn the total amount set torch above. payable
in 120 monthly installments to the sum of Eighty Eight and 33100---'------------
DOLLARS (i 88 • 33---- the first payment commencing on the 20th day of January .
19 8 0 ,and conUnuing on the same day of each month thereafter uriW fully paid. together with late charges of five l5) Dents per 51.00
on each installment not paid within tea 110) days of the due date. but not exceeding the lawful maximum. and interest attar maturity at ttw rate
of 10% per annum. - -
NOW, for and in oonsideretion of the aforesaid indebtedness and to secure the prompt payment of the same. Mortgager has bargained and
sold and does hereby grant. bargain, sell and convey unto the said Mortgagee. his successors and assigns, the following described lot or parcel
of land situated in Lucie County. State of Florkte, to wit:
The North 30 feet of Lot 23, less West 10 feet and the South 30 -
feet of Lot 24, less West 10 feet, Block 2, Franklin Dark Addition, -
according to the Plat thereof on file as recorded in Plat Bock 6,
Page 56, of the Public Records of St. Lucie County, Florida.
~ RECQVee :
/p_(,
a pt ?A1'kE1fT !>f TA)tE!
DUi ON CLRSS 'C' IttTAN6:illE PiRS~iJ+I P~20FERTY, ,
PURSUANT IO fNAPTfR 71-r~4, ACTS Of 1071. ~~~,~~~,}~/w - -
RG6ER PGIIRAS
CaFAN fJRCINT COURT. ST. IUCiE G0~ t~~J'A i - - .
j Together with ell rights. members. privileges. hcreditamenis. easements and appuHenances belonging or appertaining. Mortgagor hereby
II covenants and warrants to the Mortgagee. his heirs. successors and assigns. the) he has a fee simple title to said property. tree from all en-
cumbrances excepC -
Citizens Federal Savings & Loan Association of St. Lucie County
TO HAVE AND TO-HOLD all and singular the atoregranted and bargained premises unto the Mortgagee forever. provided always that it
the Mortgagor shall and wUl 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 to remain in full force and effect-
The Mortgagor agrees and covenants to pay all taxes and special assessments against the property and agrees to pay all taxes levied under
the laws of this State on the indebtedness secured hereby. Mortgagor further covenants and agrees that he will at all times until the release of
this mortgage keep in force a policy of insurance on that portion of the mortgaged property which is insurable covering loss and damage by
fire and 16e other casualties coveted 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. In the
event of loss. Mortgagor shall give immediate notice by mall to the Mortgagee. who wW make proof of loss it not made promptly by the Mort-
gagor. and each Insurance wmpeny concerned Is hereby authorized acrd directed to make payment for such loss directly to the Mortgagee in-
stead of to the Mortgagee and Morigegor lOintly but. to the event any payment is made jointly. Mortgagor hereby authorizes Mortgagee to en-
dorse h!s name on any check. draft or money order as his attorney-in-fact. Uprrn payment [or loss. the Mortgagee may at his sole option apply
such proceeds to reduce the balance of the indebtedness. or to restore the mortgage property- In the evens Mortgagor shall neglect or refuse to
obtain said insurance or pay any taxes when due. tken the Mortgagee may at fits sole option obtain such insurance or pay all such taxes or bosh.
and all sums expended therefor are hereby secured by this mortgage and shall be due immediately from Mortgagor to Mortgagee with interest
at the rate of 10X per annum from the date of payment by the Mortgagee until paid.
The Mortgagor agues and covenants that he wall 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 failure of the Mortgagor to so maintain the mortgaged property. the Mort-
gagee may cause reasonable maintenance work to be performed at the coat of the Morigegor- My such sum so expended shall be due immediate-
ly from Morigegor with interest at the rate of 10:X. per annum from the date expended until peid-
The Mortgagor hereby vests the Mortgagee with the toll power and authority. upon the breach of any covenant or warrant herein contained.
or upon any default in the payment of any Installment provided In saW note or any renewal or extension thereof. or in the performance of any
agreiZment herels contained. to declare firs eOtise fodebtedness hereby secured immediately due and payable. without notice to any person. to
proceed to foreclose this mortgage in accordance with laws of this State.
This instrument prepared by: M. Agostino, 5146B Cypress St., Tampa, F1.
t ~ 33607
~~~/~j
' A~1/~11?IAI w.~_V -a Dar`s