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~~-~i~ PEtSOxr~ REAL ESTATE MORTGAGE 4'~'S~14
Ewa ,n fiun~~ ::aroma a rri
(Please print « type all names and sddresses)
"7HIS~R
~ made t
~ ~~11__ day of Jap,~_v ,19_S.Q__ by
LUIS A: CATA AND DINORAH I. CATA (ailed Mortgagor herein)
of 446 S.B. GATi.BAN qty ~ _P(BtT„$T LIICIE FLT 3459
t„ GULP- BAY FINANCIAL -CORP. (called. Mortgagee herein):
WITNESSE111 that Mortgagor has executed this date a promissory note, In the prinNpal cam of r 00 (Forty Seven
Thousatui Four Hundred Dollars 6 No/100 with interest at the nee stated therein, payable at the offices of Mortgagee in
120 eonsacutive monthly Installments, each installment In the amount of S 85~' ~ - .the first Install-
- merit payable one month from the date of this mortgage unless a different date Is Inserted here 3/5/80
the balance of installments payable on even date of each wcteedirtg month thereaher until fully paid.
NOW, THEREFORE, to secure the payment and performance by mortgagor of tha promissory note. and the performance of the cova-
nants herein contained and to induce Mortgagee to enter Into the promissory Hate Kith Mortgagor and for Boot! and valuable constder-
anon, the receipt of which K hereby acknowledged, the Mortgagor does hereby Grant, sell and convey to Mortgagee, its heirs, exe-
cutors, successors or assigns the following described real estate sitwted in the County of $T • LUCIE
s State o1 Florida described as follows:
Lot 23, Block 244, PORT ST. LUCIE SECTION SIX, according to the Plat thereof
' as recorded in Plat Book 12, Pages 36A-36D, of the Public Records of St. Lucie
i~p County, Florida.
ALSO:
Lot 8, Block 245, PORT ST. LUCIE SECTION SIX, according to the Plat thereo as
rFe~pcojr[d~d~ in Plat Book 12, Pages 36A-36D, of the Public Records of St. Lucie County,
being and inRtended to be the same premises conveyed to Mortgagor by deed dated7.~~..u~g ~ ~ 3~~ .recorded on
7/27/78 dt ~-S• 8'a , ~9 in Florida, Book 291 ~ 3~ ,Page 412 ~ ~s19 in the office of the
CLERK OF COURT of ST. LUCIE County,
Together with the improvements hereditaments, and appurtenances thereto now or hereafter belonging, the rents, issues and
profits thereof, and all fixtures now or hereafter attached to or used in conneilion with the premises described above.
To have and to held the above mortgaged property unto the Mortgagee, Mortgagee's heirs, executors, administrators, successors or
assigns, to Mortgagee's own proper use, benefit and behoof forever; provided that upon full payment and perfarmance of the pro-
missory note, and the keeping and performance of all the covenants stated herein, then this Mortgage and promissory note shall be
null and void, otherwise to remain in full effect. ~My renewal of the promissory note, or the extending of payments of any installment
thereof shall not waive any rights of the Mortgagee ueated hereby.
Should the premises above desuibed be sold or conveyed or in the event any mechanics, materialmen's, workmen's, judgment or
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 option of
Mortgagee immediately become due and payable, anything therein to the contrary 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 rents- and profits thereof and to apply the same toward the payment of taxes, upkeep of the property
and the fullfillment 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 property hereby mortgaged and to convey the same to the purchaser, pu~SN~nt ~.thp~ in such pse made and
}provided and out of the proceeds of such sale to retain the moneys due under the terms o(°'fhir} e, the cost and charge
of such sale, and a reasonable attorney's fee, rendering the surplus money, if any, to the Mortgagor.
Mortgagor will keep the premises fully insured against loss by fire and lightning and such 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, inwre the same. Such expenditures for inwrance by Mortgagee shall become so much additional indebted•
Hess 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. -
No building on the premises shall be removed or demolished without the tonsent of Mortgagee and Mortgagor covenants not to
commit or permit waste of any kind upon or on said property.
Mortgagor will pay all taxes, assessments oar 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 such, 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 provisions of this
mortgage at the time or times when such items are due and payable, shall constitute waste within the meaning of applicable Florida
law. Any amounts paid by Mortgagee for insurance, taxes, assessments, water rates and any mortgage installment on this property shall
bear interest at the highest lawful contrail rate, and shall be paid by Mortgagor 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.
WITNESS EREOF, M r signed this instrument'on the day and year first above written.
' S' ne ando li in the e 1
- - is A. Cates (MOrt~g°f)
- - (Mortgagor)
(tuw rc~tnessrs rMrst ai Dinora~,~.o~C~~ aontts berreatlt signotrre)
This instrument was prepared by: L.Cavaleri
GULF BAY FINANCIAL CORP. -
1111 N. WESTSHORE BLVD. , SUTTE 205 (Documentary Stamp Herc)
(address)
TAMPA, FL 33607 .N.n~e If documentary stamps are not affixed here, they have been
f • • . 8r'+~ rtso~ affixed to the Note.
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