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HomeMy WebLinkAbout1886 ~ ~ - • t< _ ~ ~ • ~ / ~~~~AGEB: MORTOAQE pEEI~ - moo Finaaoial Services of 4~~' 5~5 - eollT+ood, 11'1. Inc.. lAa~ awYa IIAEf IYITIAI •.Ollfti M~Yt 2 ~ $ BULLIVM FRAIix - BANDRA L eros, , Fbeids _ LUC7S ~r its. Da4aiw. tom. sad aonveyt uaa Yoct~a, the . toRawht~ datafbe0 rat state bt the coWnty or ~ .Stall Of Florida. to .tt?it:, - - Lote land 2, Block 49, Letkwood Park, IInit ao.5, 'according to tha plat . thereof, as recorded in Plat book 11,' page 5, of tha plublic reoortia of 8t. Lucie County. - N STATE n~ FL©~~! ;~1 ~ . t?QCtj _ q Y oz o, MENi R " STAMP . TA z ~ ULPT. Qf REVENUE s'~ ~ a~ - - ~ 1 A.aw.a • 6' 9~ sR w„tne1K OlTat~ uw on eves Nc» htt~tplble'wsotlNarop«gr. rhrrsutntt Ta Chapar 71, 184, Alb a ~g71, R~ PCllT(4!?$ t;te+! Ckptlt Court, SL L~ttcie. Ca, FIB. This instrument prepared by Steve •Nctiill. 2502 S. Federal Higttaa~, Ft Pierce, Fl. together with all buildings and improvements now or 6ercattet erected thereon and >U screens, shades, storm sash std blkds, and heating. lighting. plumbing, gas, electric, veatitatirg, refrgenting and airconditaning equ~ment used in rnnneetion therewith, all of which, for the purpose of this mortgaele, shall be deemed fixtures and subject. to tltc lien hereof, and the heteditaments and appurtenances pertaining a the property above described. all of which a referred to hereinafter as-the °prcmixs' TO HAVE AND TO HOLD said land and premises. with all the rights, privikgss and appurtenances thereto belonging. unto mortgagee and bis heirs. exevetors, zdminislrators, wocessoa and assigns. forever. Mortgagor also assigns to Yortgagoe aq rents, isaies and profits of said premises, reserving the right to eoliect and use the same, with or without taking possession of the premises, during continuance of default hereunder, and during eontinuanioe of such default autboriaing Yortgagee to enter upon said premises and/or collect and enforce the same without regard to adequacy of any severity for the indebtedness hereby severed by say lawful means induding appointment of a receiver in the name of any party hereto. and to spply the same less costs and expenses of operation and eolkction, including reasonable attorney's fees, upon any indebtedness secured hereby, in verb order as Ktgaga may determine. FQjt ~ 87 RPOSE OF SF.CI)RINt;: (1) Per[ormance of each agreement of Yortpgor contained herein; (2) Payment of the principal sum of S with interestLas pro+rided in accordaaoe with the terms sad provisions of a Promissory Note/Loan Agt~eement (bereiaaRet referred to as ..Promissory Note'? dated 2~1 .maturity date 2-~ 5-~ sad payable to tlt~ order Yortgagee. ' ro whirJ~ P_rnnisaory Note refereaee Is hereby made; (3) Paymait of say additional ad?aticea, sot io a principal sum~in excess of i 55.~ ~ with interest thereon, x may Irereatter be facetted by Mottgapee or the rhea. hour of his Yortg~e to iiiott=agor, eac5 and exty adrm,;, to bw evidenzAd by *h% Promissory Note of Yortgagor in the amount of the advance; (4) The payment of t®y money that may be advanced by the Yortgagee to Yottgagor for anti reason or to third polies where the censurers are advanced to protect the security or is accordance with the rnverants of this Yortgage. AU paymenu made by Mortgagor on the obliption secured by this Yortgaae :halls be applied is the folbwing order: _ and expopen: To~tnhaod~ymeat of taxes M awa~peats that may be knied and acssed t~pinst said premises. insunaoe premiums, repairs. and all other drarEes SECOIda To the payrae~attlofMerest du~ said k?aa. TItIRD: To the payment of principal. - TO PRIYi'ECT THE SECURITY HEREQF, MORTGAGOR COVENANTS AND AGREES: (1) To keep said premises inisutsd against fire and verb other casualties as the Yortg~goe may-specify, up to the full vahie of all ' rovements for the protection o[ Mortgagee in such manner, in such amounts. and in wdt compaoks as Mortgagee may from time to tinge approve, and a keep the policies therefor, property endorsed, on deposit with Mottga~e, and .that bss prooeedt (kn expenses of eoliectiou) than. at Mortgagee's option, be s~ppiied on said indebtedness, whether due or not or to the restoration of said improvements. la event of loss Morfgsgor will give inimediste notice by mail to the Mortgagee who may make proof of loss it not made promptly by Stortgaaot, anti eadi insurance company concerned is hereby authorized and directed to make payment for such loss directly to Mortgagee instead of llattgagor. (2) To pay all taxes and spociat sssessatents of any kind that bare been or may be kvkd or assessed upon said premises, or any part thercoL (3) to the event o[ default by Mortgagor unties Paragraphs 1 of 2 above, Y , at its option (whether ekctiag to declare the whole endebtedness secured hereby due sad collectible or not), m:y (a) effect the irisuranrx above providod for and pay the teasonabk premiums and charges therefor, (b) pay all said taxes and zssessnnents without detetminiag the validity thereof, and (c) pay such liens and aU such disbursements shall be deemed a part of the indebtedness secured by this Yortgrye sad shall 6e imatediatety due sad payable by Mortgagor to Mortgages. (4) To keep the buildings and other improvements now or hereafter erected in good condition and repair, rat to commit of w[ter any waste or any use of said premises contrary to rcstrictiai or record or contrary to laws, ordiraaoes or repilatioas of proper pab6c a~hositr, sad W perorit Mortgagee a eoler a~i all reasonable times for the purpose of inspeciutg the premises. not to reasore or dcasotis6 sqy bnildLg thereos: to complete rithie One Hsadred F.~t* (180) Days or restore promptly sad in a good ar?d workmanlike maooer say br»Idiag arhicll a4ar be ooastructed, IIa~ma,~~d or destrged t>tereota sad to pay, when tire, cep claiass for labor performed anti material turnislrtd tberefos. (5) That the time of payment d the iridk~btedness hereby secrre~d, a at aver pottioa thn:nof, may be extended of rcnievred aed sate portions of the premises herein described may, without ratice, be released from the lien hereof, without releasing or affecting the personal Habi6ty of any person or rntporataa for the payment of said indebtedness or the lien of fhb instrument upon the ranaiadcr of said premix: for the full amount of said indebtedness then remaining unpaid, and no dtwge Lt the awnertttip of said premises than release, reduce at otherwise affect arty such personal IiabiKty on the lien hereby created. (6) That be b seized of the premises m fee simple anti las good and lawful r~Itt to convey the same; and that 4e does hereby forever wsrrantt sad will forever defend the title sad possession thereof agaimt the lawful claims of any and a~ perwns whatsoever.