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HomeMy WebLinkAbout1238 . +f i ~8~O,~Q lilO~tTGAG~Ei MORTtiAGE OEEO a7~7 _Avco F~~S~ri44cial Rtv'~ces of Hollywood, Fl. , Inc a 4 1 ?>i N~4E ?1.!? INlil~l SOUSE'S N~4E 2502 Federal Hw • e9rac Rona G ud t e r Fort pi _rce ,Florida Chat Mortgagor hereby 6rattts, bargains, assigns, and conveys unto Me•ttgaaee, the following described real estate in the ('ounty of $alnt LUCie~_~_I ,state of tlorida, to wit: Lot 3Qt Block'63, S. Port St. Lucie, Unit 5 according to the plat thereof, as recorded in Plat Book 14, pages 12, 12A thew 12G, of the Public Records of St. Lucie County, Florida. For street numbering purposes also known as: ' 1210 Petunia Dr. Port St. Lucie, Fl. 33452 Jr+ Clams "C': i~Mrl~lN Persott~l / ~•ursuant To Ctlww 71.1ib AttM Of 111. 1lOMAlM~AS ~k y. 6~ 7~ Clerk Ciren~ Cwlf. ~ 1~ ~ ~ / i j' ~ j Ey_1 t. 1. .vrvSrt~: (At%v - c - - ::rte 15'BJ ~~~~zl.. ~ i. :i _ i II t~~_•ethrr with all buildin s and im nrvements now ur hereafter rrrrtrd thereon and all screens, shades, storm sash and blinds, and heating. lighting, plumbing, t'- P ea,. elector, vrnulating, refrigerating and air-cundiliuning eyuipmrnt used in ronnrction therewith, all of which, for the purpose of this mortgage, shall be ,teemed fixtures and subject to the lien hereof, and the hereditamrnts and appurtenances pertaining to the propert}• above described, all of which is referred to hrrcinaftrr a, tlm "premises'". i I (1 H.A~'1 ANU TO HOLD vid land and prcmr,es. with all the right,, privilege, and appurtenances thereto belonging, unto mortgagee and his heirs, executors. ,,iministraturs, surcrswrs and assigns. forever. ~t+•rteagor also as,igm to Murtg:Eger all rrnK. issues and profits of said premises, reserving the right to collect and use the satnr, with or without taking ;•„e,siun of the prcmixs, during cerntinuanrr of default hereunder, and during continuamr of such default authorizing Mortgagee to toter upon said premises ,nS or collect and rnfone the vmr without regard to adryuacy of any security for the indebtedness hereby secured by any iawful means including eppuintmrnt of a receiver in the narnc of any party hrrcto, and to apply the s:une less costs and expenses of operation and collection. including reasonable attllrnry', fees, upon any indrhtcdnrs, xcured hereby, in ,wch order as Mortgagee may determine. I OR THE PURPOSE OF SECURING: (1) Performance of each agreement of Mortgagor contained herein; (2) Payment of the principal sum of ~ 1 ~~5 _ 5C with interest there as v m accordance with the terms and provisions of a Promiswry Notr/Loan Agrea:ment (hereinafter referred to °~4-'~~5=~~ a, "Promissory Note") dated having a maturity date of ~+-1']-85 ,and payable to :Mortgagee; (3)The merit of any money that may be advanced by the Mortgagee to Mortgagor or to third parties where the amounts are advanced to protect the security or in I. curdance with the covenants of this Mortgage. .Il payments made by !Mortgagor on the obligation secured by this Mortgage shall be apple d in the following order: FIRST: To the payment of taxis and assessments that may be levied and assessed against said premises, insurancY premiums. repairs, and all other charges end expenses agreed to be paid by the Nortgagor_ SI?C01D: To the payment of intrust due on said loan. THIRD: To the payment of principal. ~ i t) NKOTt(T THP Sh.('URITY HEREOF. MORTGAGOR ('O~'LXAKTS :'?;VD AGRI I S t I t Tu keep ,aid prrmi,.•+ to+ured agam,t tirc end wch other t I,ualties a, ihr Mortgagee may specify. up to the full value of all intpruventrnh fur the pruhctiun of yfurteagrr rn wch manner. m wrh amount,. and in ,wch :+mpanir, a, ?lurtgagre ma}• from time to time approve, and to krrp the policir, therefor. properly endured, tin deposit with Mortgagee. and that lus± pnr~erds Uess expenses of collection) shall. at Aturlgager's option, be applied on said indrMrdness, whether due or nut ur to the rc,toratwn cif said ;mprovemrnt,. In event of loss Mortgagor will give immediate Holier h}• mail to the \lurtgager who may make prcxrf of lo,s if not made prompil} by xt+Irlgagur. and :ach inwrance company concerned is hereby authonzrd and directed to make payment tier wch lus, Jtrrclly to ~krrtgagre rn,tead of ~tortgagur. 121 Tu pay •all taxis and ,pedal assessments of any-kind that have been or ma} he levied Lr a„e,x•d upon wid prcmr,es. ur am part thereof 13) In ~ the event of default by Mortgagor under Paragraphs 1 ur 2 above, Mortgagee, at it, option Iwhcthrr electing to declare the whole indrbtedne„ srrurcd hereby !~.re and arllectiblc ur not), may- la1 rffert the insurance above provided for and pay- the rrawnable premium, and charge, therefor. fb? pay all vid taxi, and ~ :.,e„mint, scrthuut drtermrmng the vahdrty thereof, and tcl pay wrh hen, anJ all wrh di,hur,emenh ,hall he deemed a part of the indrhtedne„ ,ecurcd by !hi, Mortgage and shall be immediately due and payable by Mortgagor to \turtgagrr. tat To krrp the building, and other improvement, now or hercaltrr reefed m gaud condition and repair, not to commit or suffer an} waste or any u.r of ,aid prrmi,r, contrary "to rrslriction ur rerurd or .ontrary to law,. •rdinancrs or regulations of proper public authority, and to permit ~tortgagre to enter at all rra,onab{e time, for the purpu,r of m,prcting the premt,r,. not ...1 remove or demoh,h any building thereon: to complete within Onr Nundrrd Eighty 11801 Ua}•, ur tr,tore t nrrnptly and in a gaud and wurkmanltkr manner ~r,y building which may br constructed, damaged ur destroyed tlirreun and to pa}', when due, all claim, hu lalwr prrf~.rmed and rriatrnal furm,hed therefor. + ~ t That ihr time of payment of the indebtedness hereby srrured, or of any portion thereof, ma} tx extended ur renewed and any portion, of ihr prcmisrs herein drxribrd may, without notice, be relraxd from ihr lien hereof, without relrasrng or affrcUng ihr perwnal haM{ity of any person ur corpurattun for ihr payment of ,aid indebtedness or ihr lien of this instrument upon ihr remainder of wed prenu,e, fix ihr full amount of said mdrhtrdnes ihrri rrmaimng anpriJ, and no change in the ownership of said premixs shall relea,e, reduce or otherwi,r affect any ,wch per,unal habihty tin ihr hen hereb} created. 16i That he is seized of ihr premises in fee simple and has gaud and lawful right to convey ihr ,amt: and that he doe, perch} forever warrant and wJl forever defend the title and possession thereof against ihr lawful claim, of any and all pcnon? what,uevrr. f nrtnr~ erint~