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MORTGAGEE: ~•i
MOitT~AOE QlEa - ~ ~'7~~0 - : ~ ~ ~ `+t:t cial ser~fcea
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• _ _ ox Ho~lgvood,P'1. Inc.
,.......r N..,. 2,7t~2 Fed+sral 8ightttal~y -
:Cuhu Paul A. Carol J FT Bierce , Fbrida
That Mot 1!setetiy its. +usipa. std ararMys unto Aicrtp~tte, the foLltrwiu~ described teal estate is -the Cot:nty of
ST I,UC ,State at Florida. to writ:.
Lot 17, Block 19, Pt Ht Lueie'.$ect~oII 25, - .
as described in Plat Book 13, Page 32 an(~' 32A- thMt 32I; _
according to the publio reoordLll of -at. Lu i~ q~t Florida. -
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AlBO Is~tttn for street numbering ~purposea ets 517 HY Flozasta ~ .
together with aU buildings and improvements now or hereafter erected thereon and >U screens, shades.. storm sash and 66rds, and heating. liglrtiag, p4rmbiag,
ea,. ekctric, ventilating, reGisrnting and air-~-oaditionintt equipment used in i-onnection thererid:, aU of which. for rive purpose of ttis mortgage. s}raB be
dr ied fixtures and subject-to the lien hereof, and the heredilaments- and apputterrartaes pertaining to flee property above descrr~ed. all of which is referred to -
hr~r:nafter as flee •'prerises". - - '
i0 IiAVF ARvD TO HOLD sad land anti premiers. with all the rights, prnikges and appurtenances thereto bebrrEiurg. unto mortgagee and his heirs, executors.
.,dministraturs, wccesson and assigns. [on-srev. -
~}orteagor also assigns to Mortgagee all rents, iswes and pru5ts of said premises, resrning the r~ht to celkct and use the same, with or without taking
possession of the premises. durng continuance of default hereunder, and during rnntintraace oC sua~t defwlt wthotiting Litortgagee to enter upon said premiss
andlor rntkct and enforce the same without reEard to adcquaey of any security for the indebtedness hereby secured by any iawfui rnearrs includio6
appointrri.:nt of a receiver in the name o[ any party hereto. and to apply the same kss costs and expenses of operation and colk:tion, icrludirrg rcasornbk
attorney's fees, upon any indebtedness secured hereby. in susfi order as Mortgagee may determine. _ - -
(~OR T E PURPOSE OF SECURING: (1) Performance of each agteemeat of Ltiortgagor. contained herein; (2) Payment- of the principal sum of
5 with interest 1 rc~~~provided in aceotdantx wit7r the terms and provisioasOo2f a Promissory Note/Loan Agrcement (hereinafter :eferted to
ac "Promissory Note") dated havinE a maturity date of ~~~5 and payable to Mortgagee; (3) The
payment of say money that may be aGsranced by the Mortpgte to ortaagor or to third paities where the amounts are advanced to protat~tbe security or in
accordance with the covenants of this Mortgage. -
All payments made by !lfortgagor on the obligrtion secured by this Mottga~ge shall be din the following order-
rIRST: To the payment of taxes and assessments that may be kvkd and rsxssed iEainst said premises, insurance pr~miams, repairs, and all other charges
and expenses agreed to be paid 6y the Mortgagor.
SECOND: Tu the payment of interest due on said loan. _ _
7HLRD: To the payment of principal.
;t) PROTECT THE SECURITY HERF.OI~. NOtRTG,;GOR COVELAITS A:iV AGREES: 11)To keep said prcrnixK mwrrd against Per and wrh bthrr
. a,ualties as the Mortg,>ttce may specify, up to tM full •alue of :U rmpro.rments for the protection of t!~rtggtrr in .uch manner. in w.h amount.. arxt it .uch.
>mpanies as Alortgagrr may from time to tune approve, and to keep the policies therefor, p:oprrly cndorerA, on deposit with llortgagrt. and that i,n,
~ro.erds 11: ss expenses of collection) :hail. at Mortgagee's option. be applied on said irtdebttdrtcss, whether due or not ur to fire ;r_toration a ,,rid
unprovcmenls. In event of bss Mortgagor will gne immediate entice 6y mat to the Mortgagee Rho may make proof of bss if not made promptly h2•
~~~,rtgagor, and :ach inwrana company conctirrred is hereby autLtorized and directed to make payment for wch loses directly to \lortgagee instead of
tlortfagor_ (2) Tu pay all taxes and spocial assessments of any kirM that have been or may be kvieC or a.sesscd upon ui:t premises. or any part thereof t3! in
the event of default by Mortgagor under Pa:-paphs i or 2 above. (sforigagee, at iti option /rlhzther ekrtrrt5 to declue the w<hok indebtedness sr.ured hereby
due and eolkctible of not), may (a) effect' the inwrarrce above .provided for and pay-the reasonable premiums aril charges therefor. (b) pa. all said tape. cad
a„rssmrnts without determining the ratidity thereof, and tcl pay wch liens acrd alt wch disburse:nerts steal! be deemed a part of the urdebtrdness xcurrd b?
thts Mortgage and shalt_be irrtrrrr:tii:tely dos and payable by Mortgagor to al9ttfagre. l4l To keep the buildirrrs and other imprmements nos or hernfter
erected in good eendition and repair, not to ct,marit or suffer any waste or any use of ~ premises contrary to restriction or mord or contrary to lax s. _
.~rdiaances or regubtions of proper public. authority, and to permit >,lortfafet to toter at ail rrasonabk rimes for rho purpose of inspectirsf the premise., rot
to remove or demotis6 any building thereon: to complete within One Hundred Eighty f tA01 Dag or re.tore prum~tly and in a food and r<orkrnantike manner
.:r.y buiiditrg which may be constructed. damaged of destroyed thereon :nd io pay. when due, a!1 claims for labor performed and nuterial furnished therefor.
t 5 r Thst the tune of payment =of the indebtedness hereby secYred. ur of any partirx. thereof, may be extended or ren:w•rd and any portions of the premises -
herein described may. without rtotice• be released from the lieo herzo~ witlroy*_ ;rkasing or affectirgt the pc:rsunal Liability of any pcrsm or .s.•rpontrnn ;or the
payment of said indebtedness or the tier. of this instrument Ypoa the remarndcr of vw1 premises for tl?e full amoum of aid irxiebtrctne~s tlKn rerraimrrf
unpaid, and no change in the oarcrship of said premises shall rekase.•redutx of otherwise affect any wcfi prrsonat Gabitity on the lien hereby created. I6f
That fie is seirrd of the premises in fee simple acrd has food and lrvfu: tight to convey the same: and that Lee does hereby forever warrant ante will forever
drlcnd the title and possession thereof sgainst the lawful claims o! any and a)1 persons whatsoever.
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Of-8171 tAtV 7 ~-7at iL