HomeMy WebLinkAbout1870 _ of
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Thomson Harold E. Merril J Street ,Florida
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I h.,t \iurgt~$or hrreb) grants, bargains, assigns, and cortveys unto Merigagrr, the • fSUotrrtrg drxnbrd teal estate m lhr County of
St. LLlt:i@ ,State of hlotida, to wit:
Lot 10, Block 195, SOUTH PORT ST. LUCIE,~ •ttNIT~~15, .a subdivision
according to the Plat thereof recorded in Plstt Book. 16, Page 42,
public records of St. Lucie County, Florida.
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fir. %IaSf "C" tnlanp.ble Perspnel AVppr~
~ pursuant To Chaptt~ 71, t~ Ao~ll Ot tqj,
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L ~ Cltuft Circuit ~t ~~F~r ~ t)~
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Also known for street numbering purposes as:
1950 Morningside Blvd. •
Port St. Lucie, FL 33452
rhrr wrth all buddmgs and rmpnwernents now tit hrreaftrr rrerred thereon and aU xrerns, shades. storm sash and blinds. and heating. lighting, plumbing,
~ try iris, ventilating. refrigerating and air-cundruumng eywpment used N connection therewith, all of which, for the purpose of this mortgage, shall be
~rrd fixtures and wbjrct to the lien hereof. and the hrreditamrnts and appurtenances penaining to the property above described. ail of which is referred to
r:,n~fter as tM "premises".
1 ~ , !I ~y l err,\U TU HULU said land and prcmrsrs. wph alt [hr nghh. privilege, and appurtrnancrs thereto belonging, unto mortgagee and his heirs. executors.
~.~rnn„tratu», wrarswn and auigm. forever.
`.t t~s_ut alw asstgm to \IortFager aN rents, iuues and profits of card premises, reserving the right to collect and use the time, wUh or without taking
sron of the preuu?rs. during rontinuancY of default hereunder, and dunnlt continuance of such default authorizing Mcrtgagee to enter upon uid premises
t .•r collect and rotor.. the wn,e without regard to adryuac}• of any sa•rurity for the irrdebtedneu hereby secured by any lawful means including
:•.~,,,nnrnt of a receiver to the name of say party hereto, and to apply the same less cosh and expenses of operation and collection, including reasonable
rm:}'s ter,, upon an} mdrMrdnrss sect: red herrhy, rn wch order as NurtgaKre may drtrrminr.
~~rk TFiE PCtRPOSE OF SECURING: tl) Perfurmae~e of each agrermrnt of Mortgagor contained herein: /2) Payment of the principal sum of
1 ~ ` 22. 1 with interest thereon, ~a~s ~p'rovided in accordance with the terms and provisions of a Promissory NotelLoan Agreement (hereinafter referred to
Pn,missory Note") dated- nT;,~.-sf haling a maturity date of _0321 ,and payable to !`tortgagee; 13) The
^~.nt of any money that may be advanced by the ~lurtgagre to Mortgagor or M third parties where t e amounts are advanced to protect the securit}• or in
~rdance with the covenants of this Mortgage.
~ merits made by Mortgagor tin the obligation secured by thi. 1lurtgage shall ter applied in the tollowinE order:
! IttST: To the payment of taxes and assessments that may :+r kvkd and assessed against said premises, insurance premiums, repairs, and all other charges
. ~prnsrs agreed to be paid by the Mortgagor.
>i (U~U: To the payment of interest due on uid loan.
I f II RU: To the payment of principal.
~ , PFLUI F.('T THE SF:CI'RITY HF RFOF. ~IORTGAGUR (O\"t \ANTS ARU AGPI'l ti 11) Tu keep wed premises mwred agamsr tier and such tither
~•::,Itirs as the Slurtgagrr may specify, up hr lhr full valor of all unpr.,vements fur the protection ul Slurtgagrr rn such manner, rn wch amuunt+. and rn such'
.,ores as Mortgagee may from time to time approve. and to krrp the puhrres therefor, properly endorsed. tin deposit wrth Mortgagee. and that loss
-~_rds Ikss expenses of collection) shall. at Mortgagee's option, br applied tin said indebtedness, whether due ur nut ur to the restoration of said
-;~r~•vemrnts. In event of loss Mortgagor will give immediate notice by mail to the tfortgagre who may make prawf of loss rf not made promptly h)•
`•f•~rtLagur. and :ash rnwrance company urnertned is hereby authorized and directed ti, make payment fur wch loss dircctl) to Murlgagrr instead uF
rrLagor. 121 To pay all taxes and special asxssmrnts of any kind that have hero or may be leveed or assessed upon saki premrva, ur any part thrrrof 13) In
~•sent of dcfauit by Mortgagor under Paragraphs f ur 2 abuse, ~fortgagrr. at ib upttun Iwhrther electing to declare the whole indebtedness secured hereby
.,rid culkrtihk ur not t. may la? effect the msuranrr above provrdrd fur anJ pa} the reawnable premiums and charges therefor. Ibi pay all wed taxes and
" •.rnent+ urthuut determining the valydrty thrrrof. and tc? pay wch Inns and ail .uih drsburxments shat! br deemed a part u( the tndrbtednrs, secured by
~t„rtgagr and .halt br immedratrlp due and payahlr by Mortgagor to Mortgagee. tJ1 To krrp the building+ and other rmptovemrnts now ur hrreaftrr
+eJ m good condition and repair. not to summit or suffer any waste or any use of card premises contrary to restnrtton ur record or contrary to taw,.
f,~,en.rs or rrgulatwns of proper public authority, and to permit 1lortgager to enter at all rcau~nable Umrs for tl,r purpose of inspecting the premrsrs, nut
r.,nuvr tit demuhsh any hmldmg thereon to ;umpktr wtthm One Hundred tight} rIK!It Uays ur rcsdm pn,mptl} and rn a leuuat and wurkmanhkr manner
hurlding which may ire •_unstrurtrd, damaged or Jrstroyed thereon and to pa}. Khan due, all claims for tabor performed and material furmshrd therefor.
• I hat the time of payment of the indebtedness hereby srwred. or of any portion thrrrof, may ter extended or renewed and any purhum of ttx premises
r<•:n descritrrd may, without nutrcr. Fx' rrlraud from Ihr lien hereof. without rrlrasing or affecting the personal Irabrlity of any person ur rurparraUun fur the
. • • !nrnt of said rndrhtedrrs ur the tern of Ihts instrument upon the remainder of wed prrmrsrs for the full amount of wid indrfitrdnrss the:,. rrmamng
~;'.,rd. and ru char:ge m ownership tit lard premises shall ukase. rrdu:r ur uthrrwrsr affect any such perwnal lubrlrt} tin the hen hereb} created. the
t'i,t hr rs srrzed tit the prrmrses m ter simple and has good and lawful t~lti 2a; ,.:.-...y :he sa:re: s^•± !ha! hr dt4s hrrrhy tarrvrr warrant and will forever
rid the Utk and pusscssrun thereof against the lawful claims of any and all persons whaturrver.
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