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HomeMy WebLinkAbout2333 ' 4'~44~1 '1'' ~ g,3o ~ ~ 1q ClA3a 'C" MTAN~'!lE tE~SOMl1l ?IMM'gt~~t4J r_ - - ~ f ` ro •ws't~ r- ~ A~Tit ~ Nri MOR'l~GAGB DEBD ~ ~ • i` Q~ ~ S~ 111! 1~ V~ , ti - ` i r , Il V r f. - STATL OF FLORIDA ~ Wit. Lucie COUNTY - - THIS MORTGAG$ Made this ~ day of ~ ,19 8~ V and between _ _ r George McNeair - .and Car~tha McNe~r "r his " wife St. Lucie Counq, Sate of Florid8 hertiaafur whethes one a more called the "Mottgagoc", has become justly indebted to ~ _ American Metropolitan Mortgage, inc. d/b/a Mid-Florida Finance Company' of HilLiborough County, State of Florida, hereinafter called the "Mortgagee,., in the sum of i - , Twelve Thousand One Hundred Tweet -nine & -88/100---------- ~pI.LARS 12129.88 ~ evidenced by One _ promissory note of even date herewith in the total amount set forth above, payable in 120 monthly installments in the sum of Two Hundred ~ $iahteen & 56/100--- DOLLARS (f 218.56 the first payment commencing on the ~5 day of February ;19 80 , sad continuing on the- - same day of each monde thereafter until fully paid, together with laa charges of five (Sj cents per =1.00 on each installment not paid within ten (10j days of the due date, but not ezceeding the lawful tnazimum and iaurtst after maturity at the rau of 10'g? per annum. NORi-for and in consideration of dre aforesaid indebtedness and c4 secure the prompt paj?meat of the same, M has bargained and sold and does hereby grant, bargain, sell and convey unto the said Mortgagee, its successoca and assigns, the owing described lot or parcel of Lord situaud in St. Lucie County, Sute.of Florida, to•wit: - Lot 67, SHERATbN PLAZA ONIT TW'O REPEAT, according to,the _ plat .thereof, as recorded in Plat Bory~16, page 2, of the Public Records of St• Lucie County., Florida.. Together with all rights, prigilegea, hereditaments, easements and appurtenances belonging or appertaining. Mortgagor hereby covenants and warrants to the Mortgagee, its successor; and assigns, that he uu a fee simple title to said property free from all encumbrances eicept: ~ i , t _ r ~r . Stockton, Whatley, Davin & Company i~njr.;~,~;"i~~a 3~T TO HAVE AND TO HOLD all and singular the aforegiranted and bargained premises unto the Mortgagee forever, provided ahvays that of the Mortgagor shall and will pay to the order of the Mortgagee, according to its unor and effect, that certain promissory-note of even date herewith and secured hereby and any other sums whihch become owing by the Mortgagor to the Mortgagee prior to caacelladon hereof, then this mortgage shag cease, terminau and be void, otherwise to remain in full force and effect. " The Mortgagor.agreei and covenants to ppay all tares and special assessements against the pro rty and aag~~r'tes to pay all taxes levied under the laws of this state on the indebtedneu secured hereby. Mortgagor further covenants and~agtees that~he will at aII times until the release of this mortgage keep in force a .policy of ins~rtance on that portion of :he mortgaged property which is inswable covering loss _ and damage by fire and the other casualties covered by thr usual comprehensrve casualty inrurance polity. Such ppoolicy shall be with out ensurer acceptable to the Mortgagee in an amount not less than the baLutct owing upon all mortgage indebutlaess encumbering the property with lou pgyable~ cg_ the~,INortgagee. in the event of loss, Mortgagor shall give immediate notue by mail to the M which will makke proof of ldssif itol irlsda promptly by the Mortgagor and each insurance company concern=d is hereby authorized an directed to make payment for such loss directly to the Mortgagee iastrad of to cbe Mortgagee and Mortgagor jointly but, in the event any payment es made jointly, Mortgagor hereby authorizes Mortgagse ta_ endorse his name on any check, deft or money order as his attorney-m-fact. Upon payment fw loss, the Mortgagee may at its sole option apply such proceeds to educe the baLuice of the indebtedness or to restore the mortgage property. In the event Mortgagor shall neglect or afuse to obtain said insurance or pay any taxes when due, then the Mortgagee may at its sole option obtain such iri8tuanu or pay all such rues or both and all sums esptnded therefor are hereby secured by this mortgage and shall be due immediately from Mortgagor co Mortgagee with interest at the rau of 10% per annum from the dart 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 to commit wasu, 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 thr cost of the Mortgagor. Any such sum so expended shall be due immediately from Mortgagor with iaure:t at the rate of l0'~, per annum Erom the dace ezpended until paid. The .Mortgagor hereby vests the Mortgagee with the fnp poser and authority, upon the breach of any covenant or warrant herein contained, or upon any default in the payment of any installment provided in said nou or any renewal or extension thereof, or in the performance of any agreement herein contained, to declare the estire indebudness hereby secwed immediately due and payable, without " notice to any. person to proceed to foreclose this mortgage in accordance with laws of this Sute. This instrument prepared bys L. Denhoff, 51468 Cyprus St., Tampa, F1. 33607 ~ ` ' PEE gpOK .