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HomeMy WebLinkAbout1197 • r • 1'~s~c / • ~ d 4'7't 866 . •3 MORTGAGE DEED ~s ~ ~ ~ ~ O L RIDA 1 STATE OFF O St_ Lucie COUNTY THIS MORTGAGE Made thia ~ ~ day of Z~'~'~`~-''~- . l9~_ by and between Roy A Johna~n and Q7 ga Tnhncnn his wife of St . LuCle County, State of Florida _ , hereinafter whether one or more called the "Mortgagor", has become justly indebted to American Metropolitan Mortgacre. Inc ddb/a Mid-Fio ida Finance Cmm~= n~_ ;~E Hillsborough County, State of Florida; hereinafter called the "Mortgagee", in the sum of Twelve Thousand One Hundred Eighty Four and 85f100------ DOLLARS (S ) , e.•ideneed by One promissory note of even date herewith in the total amount set forth above, payable in 120 monthly installmencs in the sum of Tzar, Hun red Ni n en and S5/1 (10--0OLLARS (f the first payment commencing on the 15th day of March l9_$~ ,and continuing on the same day of each month thereafter until fully paid, together with late charges of five (5) cents per f1.00 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 1096 per annum. NOW for and in consideration of the aforesaid indebtednesstand to secure the prompt payment of the same, Mortgagor has bargained and sold and does hereby grant, bargain, sell and convey ut~o the said Mortgagee, iu successors and assigns, the following described 1.+t or parcel of land situated in St. Lucie County, State of Florida, to-wit: + / . ~ Lot 18, Block 225, South Port St. Lucie, Unit 16, public records of St. Lucie County, Florida. According to the plat thereof, as recorded in Plat Book, 16, pages 43 and 43A through 43F, of the Public Records of St. Lucie County, Florida _ _ - ~ ~ i ~ Together with all rights, privileges, hereditaments. easements and appurtenances belonging or appertaining. Mortgagor hereby ,~~~~enants and warrants to the Mortgagee, its successors and assigns, that he has a fee simple title to said property free from all c n~ uriil'ifanC2i 2iC2pt- orrrY:^ ; ~~s ~ m Pn:"..'FItT Of TRXf= • t"t; : Q?i CIi-SS 'C' INTRYfi'SlE PLRSC'IAl PROPERTY. :=:.H( TO iHa?TFR 71-:'4, A:,TS OF 1171. ~ GDV Financial Corporation ka6EA PGITRAS 1 Cl_AK GRCUIT COUiIT. ST. LU:IE CO.. F1JL~M - I'll HAVE AND TO HOLD all and singular the aforegranted and bargained premises unto the Mortgagee forever, provided always that . ii the Mortgagor shall and will pay to the order of the Mortgagee, according to its tenor and effect, that certain promissory note of even ;l.+te 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 assessements against the property and agrees to pay all taxes levied +ncier the laws of this state on the indebtedness secured hereby. Mortgagor further covenants and agrees that he will at all times until the r~•icase of this mortgage keep in force a policy of insurance on that portion of the mortgaged property which is insurable covering loss ~r+d damage by fire and the other casualties covered by the usual comprehensive casualty insurance policy. Such policy shall be with an i+~surcr acceptable to the Mortgagee in an amount not less than the balance owing upon all mortgage indebtedness encumbering the pn~perty with loss payable to the Mortgagee. In the event of loss, Mortgagor shall give immediate notice by mail to the Mortgagee which •.s•ill make proof ~f ioas if no4 rt3ade promptly by the Mortgagor and each insurance company concerned is hereby authorized and directed ~ make payment for such loss directly to the Mortgagee instead of to the Mortgagee and Mortgagor jointly but, in the event any payment i, made jointly, Mortgagor hereby authorizes Mortgagee to endorse his name on any check, draft or money order as his attorney-in-fact. [ 'pon payment for loss, the Mortgagee may at its sole option apply such proceeds to reduce the balance of the indebtedness or to restore t},c mortgage property. In the event Mortgagor shall neglect or refuse to obtain said insurance or pay any taxes when due, then the ~1~~rtgagee may at its sole option obtain such insurance or pay all such taxes or both and ail sums expended therefor are hereby secured t,~• this mortgage and shall be due immediately from Mortgagor to Mortgagee with interest at the rate of l0'~v per annum from the date of ` ~ payment 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 anyone else !o commit waste, reasonable wear and tear excepted. Upon the failure of the Mortgagor to so maintain the mortgaged property, the Mortgagee may cause reasonable maintenance work to be performed at the cost of the Mortgagor. Any such sum so ~.pended shall be due immediately from Mortgagor with interest at the rate of 1096 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 ontained. or upon any default in the payment of anv installment provided in said note or any renewal or extension thereof, or in the performance of any agreement herein contained, to declare the entire indebtedness hereby secured immediately due and payable, without s ~,~,tice to any person to"proceed to foreclose this mortgage in accordance with laws of this State. , r~-~ This hs+trumen.,t~gr~pared by: M. Agostino, 5146B Cypress St., Tampa, F1. 33607 a~~~~~ P~~~ '