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REAL ESTATE bORTGAGE
THIS MORTGAGE made this ,_~day of 1~h 19_x, Between Goa{ O~ R~t.,.i e •
and Buleah Harris of 1605 y. 21st Street
St. I,rinie County, Florida, hereinafter called the Mortgagor, and ~,.,,~,,,a~ {*t P~aA~T,,:R•
Of $t• Pieroe a ~.nSIIOe Coraoration. hereinafter called the Mortgagee. _
WITNESSETH: That said Mortgagor. in consideration o[ the prittcipal sum specified in the promissory notg here-
inafter described, received from the Mortgagee, hereby mortgages and incumbers in favor of the said Mortgagee the real
property situated in qt_ T~~~;eCounty, State of Florida, described as follows:
I,ot 12 Liberty Park Subdivision, as per plat thorof recorded 3n
Plat Book 7 page 54 of the Pablio reaorde of St. Lucie County Fla.
as security for the payment of a promissory note, a copy of which is attached hereto, and incorporated herein by reference.
The said Mortgagor does covenant with the said btortgagee that the said Mortgagor is indefeasibly seized of said
land in fee simple and has the full power and lawful right to mortgage and incumber the same, that the said land is free from
all incumbrances except as above noted, and that the said Mortgagor, except as above nd ed, does fully warrant the title
to said land and will warrant and defend the same against the lawful claims of all persons whomsoever.
AND THE SAiD MORTGAGOR does further agree- as follows:
1. To make promptly all payments required by the above described note and this mortgage_as such payments
become due.
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j 2. To pay promptly when due all taxes. assessments, liens, and incumbrances on said property.
C 3. To'keep the buildings now or.hereafter on said land insured against damage by fire, lightning, windstorm of
other casualty in a sum not less than the sum secured by this mortgage, in a company or companies satisfactory to the
'.lortgagee, said policy to be held by and payable to the btortgagee to the extent of the indebtedness remaining at the time
~ of the loss. If any sum becomes payable under such insurance policy, the ;Mortgagee may either apply it to the indebtedness
.;c•cured by this mort$P~aget or permit the Mortgagor to use it for other purposes, without impairing the lien of the mortgage.
4. To permit, commit or suffer no waste, impairment or deterioration of the mortgaged property.
5. If any payments provided for in the note on this mortgage are not promptly paid by the Mortgagor, if the buildings
are not kept insured•as p#'gyi~ed* or if the Mortgagor defaults in any of the other covenants, stipulations. or agreements,
thc• btortgagee, without waiving or affecting the option to foreclose, may otherwise perform any of the covenants or agree-
ments on behalf of the Mortgagor, and any and all such sums or expenses paid or incurred, with interest thereon from the
~ date of payment at•the rate of 'interest prescribed in the not t• secured by this mortgage, shall also be secured by this
mortgage. _ ~
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6. This mortgage lien shall extend to and include all r<•nts and profits of the mortgaged property. lt~ the event of
toreclosure the court is authorized to appoint a receiver of the• mortgaged property and to apply such rents or profits to the
indebtedness hereby secured, regardless of the solvency of the Mortgagor or the adequacy of the security.
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7. This mortgage shall ~•xtend to and include any and all extensions and renewals of the hereinabo~•e described
~ note and shall also secure any sum or sums that might bc• loarud by blortgage•r to \lortgagors in the future in the sum or
sums for which Mortgagors shall execute their negotiable promissory notes, not exceeding 525,000.00, together with
interest, taxes, levies, and insurance. '
8. If any.paymont pro~•ided for in the note or this mortgage be not paid within thirty days after it becomes due, or
if any agreement of this mortgage other than for the pa~•ment of money is breached, then the unpaid balance, not including
! unearned interest, shall immt•diately become due anti payable at she option of the Mortgagee, and the Mortgagee may fort'-
close this mortgage in accoriiance with procedure•~ established by law, and have the property sold to satisfy or apply on the
indebtedness hereby secured.
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