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v MORTGAGE '~~J94Q low
.TOHI~t ~nrn_mRrn~xtr yAx~ the Mortgagor,' in consideration of the principal
(customer)
sum specified in the promissory note hereafter described, received from-~~~~', n?0-,
608 Colorado Ave.. Stuart. Fl. ~^~l?91r
(our name and full address)
the Mortgagee,' hereby, on this ~5.th day of.~pri.l ~ 19~~ mortgage to the Mort-
gagee the real property in St. Luoie County, Florida, described as:
Com®encing.at the NW Corner of the S8 of section 12 Township 35, South Range
3q Ba~et,runs seat 2113.7 feet to a point thane turns and runs south 125 feet for the
POB.From south point of beginning continuous south 125 feet to a point
then turn and run East 101.9 feat to~a point then turn and run North 125
feet to a point then turn and run West 101.9 feet to the point of beginning.gs
per plat oa file in the Public Records of St. Lucie County, Florida.
as security for the payment of the promissory note described as follows:
DATE OF NOTE „_ta/25/80 .
PRINCIPAL CASH ADVANCED ~ 9991-~,~ .
ANNUAL PERCENTAGE RATE 18.00 ~
IST PAYMENT DUE DATE - 5f 8480@ 210.00 - ?'F="~~=' s ~9. qg !4 PA•~t.+~:rT Of TRxFs
PAY11iENT SCHEDULE ; c, , : : -~_,,3~ P~0?ERTY
TOTAL INTEREST _ 76t~8.l19 ~ ~ _~..a, r;; , .3, has of .lain.
.._,_a Fstr~,as -
a~x aaculr c;;u:cT, sT. w~ tjo~, to 8't
and agree:
1. To make aU payments required by that note and this mortgage promptly when due.
2. To pay all taxes, assessments, liens and encumbrances on that property promptly when due. If they aze
not promptly paid the \lortgagee may pay them without waiving the option to foreclose, and such payments,
with interest thereon from the date of payment at the same rate as specified in that note; shall also be secured
by this mortgage.
3. To keep all- buildings now or hereafter on that land insured against damage by fire and extended coverage
in an amount sufficient to comply with any co-insurance clause, by an insuror satisfactory to the Mortgagee,
the insurance policy to be held by and payable to the Mortgagee. If the Mortgagor shall not do so, the \lort-
gagee may do so without waiving the option to foreclose, and the cost thereof, with interest thereon from the
date of payment at the same rate as specified in that note, shall also be secured by this mortgage. If any sum
becomes payable under such policy, the Mortgagee may apply it to the indebtedness secured by this mortgage,
ur may permit the Mortgagor to use it for other purposes, without impairing the lien of this mortgage.
4. 'To commit, permit, or suffer no waste, impairment, or deterioration of the mortgaged property. -
S. To pay all expenses reasonably incurred by the ~lorigagee because of the failure of the Mortgagor to
comply with the agreements in that note or this mortgage, including reasonable attorney's fees. The cost there-
of, with interest thereon from the date of payment at the same rate as specified in that note, shall also be se-
cured by this mortgage.
6. If any payment provided for in that note is not paid within thirty days after it becomes due, yr if any
agreement in this mortgage ether than the agreement to make the payments is breached, the entire unpaid
principal balance of that note shall imrncdiately become due at the option of die 1lorigagee, and the -Mort- '
gages may foreclose this mortgage in the inattner provided by law, and have the mortgaged propert}' sold to
. satisfy or apply on the indebtedness hereby secured.
7. The rents and profits of the mortgaged property are also hereby mortgaged, and if proceedings to fore-
close this mortgage shall be instituted, the court having jurisdiction thereof should appoint a receiver of the
mortgaged property, and apply dose rents and profits to the indebtedness hereby secured, regardless of the -
• solvency of the Mortgagor...or the adequacy of the security.
8. If this mortgage is subject and subordinate to another mortgage, it is hereby expressly agreed that should
any default be made in the payment of any installment of principle or of interest on said prior mortgage, tltc
holder of this mortgage may pay such installment of principal or such interest and the amount so paid with legal
interest thereon from the time of such payment may be added to the indebtedness secured by this mortgage
and the accompanying note shall be deemed to- be secured by this mortgage, and it is further expressly agreed
that in the event of such default or should any suit be commenced to foreclose said prior mortgage then the
amount secured by this mortgage and the accompanying note shall become and be due and pay able at any time
thereafter at the sole option of the owner or holder of this mortgage.
•"Mortgagor" and "Mortgagee" are aced for singular and plural ad context requires ~
Signed in the presenc
- b~(~ PAIGE ~ 1r?1~T V C