HomeMy WebLinkAbout0981 INTEREST RATE CHARGED AUTHORIZED BY CHAPTER 687
1
_ MORTGAGE DEED 4~1'"~n3
STATE OF FLORIDA : ~ • ~w:i ~ - 3
St. Lucie COUNTY : a. _ ° i. , . _ _ 2 3. FJ ~ ~ a'
~ ~t'c ~ ~ 19 ~ b and between
THIS MORTGAGE Made this ~ day of r'!' Y
Robert M. Valentine, Jr. and Yvonne Valentine
his fp _ of St. Lucie County, State of Florida
hereinafter whether one or more called the "Mortgagor", has become justly indebted to t
of Hillsborough County, State of Florida, hereinafter called the "Mortgagee", in the sum of
r^ifteen Thousand Six Hundred and Eleven & 76/100------------------- DOLLARS (t 15.611.76 )
e~•ideneed by one promissory note of even date herewith in the total amount set forth above, payable in
monthly installments in the sum of't'hrPSa ta.anArPA & `Ir•_rP~y-Eight & 13j10Q---DOLLARS (i 32A- ~ ~
the first payment commencing on the 25th day of • Jari~rY ~ , 19 80 ,and continuing on the
same day of each month thereafter until fully paid, together with late charges of five (5) cents per 11.00 on each installment not paid
within ten {10) days of the due date, but not exceeding the lawful maximum and interest after maturity at the rate of 109Fi per annum.
NOW for and in consideration of the aforesaid indebtedness and to secure the prompt payment of the same, Mortgagor has bargained
and sold and does hereby grant, bargain, sell and convey unto the said Mortgagee, its- successors and assigns, the following described -
!oc or parcel of land situated in St . Lucie County, State of Florida, to-wit:
SEE ATTACHED FOR LEGAL DESCRIPTION
TOGETHER WITH all improvements situated upon the above described property. ALSC: 1411 furniture,;
fixtures and equipment of every kind, character and descrip~.oRnfi; ow contained in the improve-
't-;,~ .a
ments situated upon the above described property including, ~nyt XQAe~?ents, s~.tbstitt?tions
or additions thereto.
Together with all rights, privileges, hereditaments, easements and appurtenances belonging or appertaining. Mortgagor hereby
rn•enants and warrants to the Mortgagee, its successors and assigns, that he has a fee simple title to said property free from all
~•ncumbrances except: Reeehred t
In Paytrtent a T~
i
Due On Crass "C" IrnstWiWeP~srsonNoroperty,
' ou?suant To Chapter 71, 134, ~
pt 171.
~ Citizens Federal ROGER P017RAS Ova/
r'ts.S Circuit Court, St. Lucis, Co., Fitt.
T() HAVE AND TO HOLD all and singular the aforegranted and bargained premises unto the Mortgagee forever, provided always that
~ ~ r he Mortgagor shall and will pay to the order of the Mortgagee, according to its tenor and effect, that certain promissory note of even
late herewith and secured hereby and any other sums which become owing by the Mortgagor to the Mortgagee prior to cancellation
h~ rcof, then this mortgage shall cease, terminate and bt void, otherwise to remain in full force and effect.
The Mortgagor agrees and covenants to pay all taxes and special assessements against the property and agrees to pay all taxes levied
:r,icr the laws of this state on the indebtedness secured hereby. Mortgagor further covenants and agrees that a will at all times until the
r~ lydse of this mortgage keep in force a policy of insurance on that portion of the mortgaged property which is insurable covering loss
:r„I damage by fire and the other casualties covered by the usual comprehensive casualty insurance policy. Such policy shall be with an
r„urer acceptable to the Mortgagee in an amount not less than the balance owing upon al! mortgage indebtedness encumbering the
pr„perty with loss payable to the Mortgagee. In the event of lou, Mortgagor shall give immediate notice by mail to the Mortgagee which
mill make proof of loss if not made promptly by the Mortgagor and each insurance company concerned is hereby authorized and directed
!n make payment for such loss directly to the Mortgagee instead of to the Mortgagee and Mortgagor jointly but, in the event any payment
is made jointly. Mortgagor hereby authorizes Mortgagee to endorse his name on any check, draft or money order as his attorney-in-fact.
t_'pon payment for loss, the Mortgagee may at its sole option apply such proceeds to reduce the balance of the indebtedness or to restore
;he mortgage property. In the event Mortgagor shall neglect or refuse to obtain said insurance or pay any taxes when due, then the
~ ti±„rtgagee may at its sole option obtain such insurance or pay all such taxes or both and all sums expended therefor are hereby secured
h~• this mortgage and shall be due immediately from Mortgagor to Mortgagee with interest at the rate of 1096 per annum from the date of
n~yment by the Mortgagee until paid.
The Mortgagor agrees and covenants that he will maintain the mortgaged property in good condition and not commit or to permit
~n}~one else to commit waste, reasonable wear and tear excepted. Upon the failure of the Mortgagor to so maintain the mortgaged
pr„perry, the Mortgagee may cause reasonable maintenance work to be performed at the cost of the Mortgagor. Any such sum so
~.prnded shall be due immediately from Mortgagor with interest at the rate of 10°,6 per annum from the date expended until paid.
~ The Mortgagor hereby vests the Mortgagee_ with the full power and authority, upon the breach of any covenant or warrant herein
~,ntained, or upon any default in the payment of any installment provided in said note or any renewal or extension thereof, or in the
;~rrfe,rmance of any agreement herein contained, to declare the entire indebtedness hereby secured immediately due and payable, without
n~~tice to any person to proceed to foreclose this mortgage in accordance with laws of this State.
~replled bY: SUE t.1;~:.T~.t• P. ~
4600 Ylt. CY P,~ _ $ i.
. S~ttE ~ ~ I.~ 32:3 P~~E 981
TAMPA, FlJi~(GA :530/ gl'~