Loading...
HomeMy WebLinkAbout1431 - ' 4'9539 ~ REAL ESTATE MORTGAGE IPlease pent or type all names and addrcssesl THIS ~10RTGAGE, made the TENTH day of MARCH 19 8 0 , by F D and ETHEL FIELDS (his wife) (called Mort a or herein) 2015 E FRANCISCAN ST. ity of T. , to otaetaa ors finance ervice , tic . /a GECC ca e Mortgagee herein): wITNESSETH that Mortggaa or has executed this date a promissory note, in the principal sum of $ 2 0 , 811 .9 2 _ _ XX '~XXXXXXXXX~XXXXXXXXXX with interest at the rate stated therein, payable at the offices of Mort a ee in 12 0 cotuecuave monthly installments, each installment in the amount of4S the first installment payable one month from the date of this mortgage unless a different date is inserted here - the balance of installments payable om even date of each succeeding month thereafter until fully paid. NOW, THEREFORE. to secure the Qayment and performance by mortgagor of the promissory note, and the petfortnance of the covenants herein contained and to induce Mortgagee to enter into the promissory note with Mortgagor and for good and valwble con- sideration, the receipt of which is hereby acknowledged, the Mortgagor does hereby grant. sell and convey to Mortgagee, its heirs. executors, successors or assigns the folbwing described real estate situated in the County of ~T • LUCIE , State of Florida described as folbws: Lot 6 , Block 52 8 , of Pt . St . Lucie , SECTION TIN, according to the Plat thereof as recorded in Plat Book 12, at~pages 49 and 49A through~49G, of the public records of St. Lucie County, Florida. f _ - ' L i 3 j . R[Cf1YED = L/ • f•~ IN PAYMENT OF TARE= - ~ ~ . GUc CH Ct.b.'S 'C' I~iTAk6'BLE P~RSONAI PROPERTY. , . , = : _ ~ - PUSS~.LYT TO H~?T£~ Tl-:: ACTS OF 1871. - t ' f,,:,i:R PGITRAS - 3 i. 3 ~ CL:Ctt 43;:U:T C~IhT, ST. LUiAE CO, FTJL being and intended to be the same premises conveyyed to Mortgagor by deed deed 10 / 11 / 7 4 , on 1 Q /1.5 / 7 4 , . 19 ~ 4 in Florida, Book ~ 2 3 2 ,Page 2 5 S 2 in the Office of the _~rk of the Circuit Court of St 1.~ac,P County, Florida. . Together with the improvements hercditaments, and appurtenances thereto now or hereafter belonging, the rents, issues and profits :hereof, and all fixtures now or hereafter attached to 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 assigns. to Mortgagee's own proper use, benefit and lxhoof forever; provided that upon full payment and performance of the promissory 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. Any renewal of the promissoryr note, ur the extending of payments of any installment thereof shall not ~.vaive any rights of the Mortgagee created hereby. Should the premises above described be sold or conveyed or in the event any mechanics, materialmen's, workmen's, judgment or tax liens (fie against the premises, or this or any mortgage covering the premises shall be to default, on or after the date hereof or should :he prosr?issory nottrx in d=fault, then the indebtedness secured hereby, to¢ether with accrued interest to date shall at the option of Mortgagee smmediately become due and payable, anything therein to the contrary nawithstandin¢. Upon such default or any default in the performance of the covenants herein, Mortgagor may enter upon and take possession of the lard premises. receive the rents and profits thereof and to apply the lame toward the payment of taxes, upkeep of.the property attd 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 cattle to be sold the property hereby tnortgagcd and to convey the same ro the purchaser. purswnt to the statute in such case made and provided and gut of the proceeds of such sale to retain the moneys due under the terms of this mortga¢e. the cost and charge of such sale. and a seasonable attorney's fee, rendering the surplus money. if env, ut the ~lurtga¢ar Mortgagor will keep the prcrttises fully insured against loss by fire and lightning and wch other risks as Mortgagee rmay require, with nsurance company ur companies satisfactory to Mort¢a¢ee. for the benefit of \tortgaeee and in default thtreof Mortgagee may, but shall i roc x ublt¢ated to. ensure the same. Such expenditures for insurance by ~tort¢a¢ee shall become so much additional indebtedness secured ~e^eby. ~iort¢agor shall provtde, upon Mortgagee's request. evidence of insurance coverages, which coverages shall also provide for i xn + 10) dais' prior written notice to mortgagee of any cancellation or material modification of insurance. Mortgagee shall have the op- ~ ::on to receive and apply the saint on account of the indebtedness secured hereby or to permit said mortgagor to receive it and use it or env part thereof for other purpuscs wtthout thereby waivin¢ ur impairing any tquity. lien or right under or by virtue of this mortgage. ~1o but(ding on the premises shall be removed or demolished without the consent of Mortgagee and Mortgagor covenants not to ~ commit or permit waste of any kind upon or on lard property. 1~tort¢agor will pay all taxes, assessments ur water rates, and any mortgage installment on this property and in default thereof, `•~urtgagee mad pay the same, but shall not be obligated to do so nvtwtthstandmQ the security hereby provided :or such, Mortgagor shall ~e :n default under this mortga¢e, and the amount paid shall be so much additional indebtedness secured hereby. Thc failure of Mortgagor to pay any part of any installment ~~f taxes. ,isstsnments ur insurance prcmtums under the provisions of this *.-:ortgage et the trine ur trines when such items arc due end pa~•able. shell ~~nstitutt •Aastr within the meaning of applicable Florida taw. ~w amounts paid bs ~lortge~tee fur insurance. taxes..usessments. water -atr..tnd an. murtsa¢c installment on this property shall bear ~nttrest at the highest lawful ;ontract rate. and shall be paid by ~tortYe¢Gr upon demand. ~tortga¢ortst herei:v :e:irwutsh all rights of homestead. Thu :nottgaQ; snail snore to the benefit of the successors and essi¢ns of Mortgaeee and shall be bindintt upon the heirs, executors. ,ac:es~.irs and ir2al representatives of ~furt¢a¢or. (ti W1T~E3S w'HEREOF, Mortgagor has st¢ncd this imtrurttnt nn 'he day( end sear first aoove ~xritten. ~!ut!e~~f! rvtrp !n t s ttCe 4 . ~ I/ : _ x I t`tort agora I-tERLOCK FIELDS ETHEL FIELDS t Mortgagor) -n.~n N~unrssc's muse irQrtl rnp~ ur pnnr Hamra brneorh srgnatwei ''ass :nstrurr:ent was prepared by: D. BARNETT HOMEMAKERS FINANCE SERVICE, INC. d./b/a GECC FI: iANCIA! SER': ICfS ~ ~ Documentary Stamp Here) - e VD. ! !addrcsst SUITE 112 t , _ t (lR a~ - It ducumenten ,tamps are not affixed here. they have been ~UOIt327 PAGE~ZVV WEST PALM BEACH, Fl. 33 , 9ftired to the Vote. _ _ - t _p:.