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HomeMy WebLinkAbout2336 !0'60 ' ~ I 3 ~r g , = ` 3 4. 2 0 REAL ESTATE -MORTGAGE '4~~ • - - ~ t - (Please Print or type all names and addresses) ii 1HIS MORTGAGE, made- the Z$th ~Y of ~iJattttary 19 80 ~ i LOUIS 3. NOA AND LOUISB R. NOA 1 of 579 S.B. BROORBSID$ TBRRACB City of PORT ST. LUCTEj gi„(glled Mortgagor herein) 33452 to GULF ;3AY jtTAlA1~3CTAj, rn>:p~ - ~ (piled Mortgagee herNn): ~ WITNESSETH that Mortgagor has executed this date a romt3sory note, in the principal sum of 00 (~`arenty Ttao Thougp~ Sevett•Huttdrtrd Tt~nty.Three Dollars AN~~wTth•interest.at the rata stated therein, payable at the offices of Mortgagee In 320 consecutive monthly installments, each installireitt in the :mount of i-__ 409 43 the first install- ment payable one month from the date of-this mortgage unless r different date . is inserted here 3 1 80 the balance of irrstaltments payable on even date of each succeeding month thereafter until fully paid. - - NOW, THEREf~ORE, to secure the payment and performance by mortgagor of the promissory note, and the performance of the cove= Hants herein contained and to induce Mortgagee to enter into the promissory note with Mortgagor and for good and valuable consider- at'wn, the receipt of ~ which is hereby ackrwwledged, the Mortgagor does hereby grant, sell and convey- to Mortgagee, its heirs, exe- cutors, strccessars or assigns the following desuibed real estate situated in the County of $T• LUCIE ___ry State of Florida described as follows: - ~ , Lot 28, Block 243, PORT ST. LUCIE SECTION SIX, f ysys. according to the Plat thereof as recorded in ~ ~ ~s---.o. ~s.~ ~S~ TM. fit}. a° Plat Book 12, Pages 36A through 36D of the - Rifasneltr To wnrr>a 71.1?{., ~s of 1l7t. Public Records of St. Lucie County,. Florida. xorr;x P0ITRAS - - - CIERK CUtINT COJRY, ST. L11CIE fu ~.7J'1.~ being and intended to be the ume premises conveyed to Mortgagor by deed dated SeJZteni~r 281 1977 , recorded ~ - ~eto6er--3, , 19~Z... in Florida, Book •275 ~ Page 66~ • ;;,G ;,::;;,a u( t_he Clerk of Ci~;uit Court -St• ~~utae ~nM, - Together with the improvements hereditaments, and appurtenances thereto now or hereafteF belonging, the rents, issues and , profits thereof, and all- fixtures now or hereafter attached or used in connection with the premises described above.- - - To have and to hold the above mortgaged property unto the Mortgagee, Mortgagee's heirs, executors, administrators, successors or assigru, to Mortgagee's own proper use, benefit and behoof forever; provided fiat upon full payment and performance of the pro- missory note, and the keeping and performance of aH the covenants stated herein, .then this Mortgage and promissory note shall be- null and void, otherwise to reriuin in full effect. Arry renewal of the promissory note, or the extending of payments of-any installment thereof shall not waive arty rights of the Mortgagee seated hereby. - Should the premises above described be soW or rnnveyed or in the event any mechanics, materialmen's, workmen's, judgrnant :a _ tax liens lie against the premises, or this or any mortgage covering the premises shall be. in default, on or after the date hereof or should the promissory note be in default, then the indebtedness secured hereby, together with accrued interest to- date shall at the•_opt4on of Mortgagee immediately become due and payable, anything therein to the rnntrary -notwithstanding. Upon such default or any default in the performance of the covenants herein, Mortgagee may enter upon and take possession of the said premises, receive the renu and profits thereof and to apply the same toward the payment of taxes, upkeep of "the property and the :allfillment of the covenants of this mortgage; or at the option of Mortgagee, to cause a receiver to be appointed; or to sell or cause to be sold the properly hereby mortgaged aid to convey the same to the purchaser, pursuant to the statute in such case made and provided and our of the proceeds of such sale to retain the moneys due under the terms of -this mortgage, the cost and charge - of wch sale, and a reasonable attorney's fee, rendering the wrplus money, if any; to the Mortgagor. Mortgagor will keep the premises fuly insured against loss. by fire and lightning and wch other risks as Mortgagee may require, with insurance company or companies satisfactory to Mortgagee. for the benefit of Mortgagee and in default thereof Mortgagee may, but shall not be obligated to, insure the same. Such expenditures for inwrance by Mortgagee shall become so much additional indebted- ness secured hereby. Mortgagor shall provide, upon Mortgagee's request, evidence of insurance coverages, which coverages shall also provide for ten (10) days' prior written notice to mortgagee of any -cancellation or material modification of insurance. Mortgagee - shall have the option to receive and apply the same on account of the indebtedness secured hereby or to permit said mortgagor to receive it and use it or any part thereof for other purposes without thereby waiving or impairing any equity, lien or right under or by virtue of this mortgage. - fvo building on the premises dull 6e removed or demolished without the consent of Mortgagee acid Mortgagor covenants not to commit or permit waste of any kind upon or on said property. - Mortgagor wil! pay all taxes, assessments 4r water rates, and any mortgage installment on this property and in default thereof, Mort- gagee may pay the same, but shall not be obligated to do so notwithstanding the security hereby provided for wch, Mortgagor shall be in default under this mortgage, and the amount paid shall be so much additional indebtedness secured hereby. , The failure of Mortgagor to pay any part of any installment of taxes, assessments or insurance premiums under the prarisions of this i mortgage at the time or times when such items are due and payable, shall constitute waste within -the meaning of appltgble Florida taw. Arry amounts paid by Mortgagee -for insurance, taxes, assessments, water rates and any mortgage installment on this property shall bear interest at the highest lawful contract rate, and shalt be paid by Moslgugor upon demand. Mortgagor(s) hereby relinquish all rights of homestead. - This mortgage shall inure to the benefit of the successors and assigns of Mortgagee and shall be binding upon the heirs, executors, successors and legal representatives of Mortgagor. _ - ~ IN WiTNE55 WHEREOF, Mortgagor has s' ned this instrument on the day and year first above written. Sig ivered in the prime of: - /L-...~-.~ - - - _ - LUIS OA. Mortgago • i~-lwr~ _ _ 0 ISE R. NOA ( h (Kola tritnesses rnrst sign) ' - (tp~t or pint orurnts berrentb sigrratrre) - This instrument was prepared by: L.CaValeri - GULF BAY FINANCIAL COEtP. - 1111 N. WESTSHORE BLVD, , SUITE 205 (Documentary Stamp Here) (address) TAHPA, FL 33607 ORc~ tf documentary stamps. are sot affixed here, they bare been 800~(~3~~ Pte' affixed to the Note. - t - - '