HomeMy WebLinkAbout1850 MORTGAGEE: ~ ~
MORTtiAGE DEED ~ ~AYCO F'INAN ~
OF HOL?•YWOODTFL.OPTDA TNC_
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?:r Y~4[ ?~~sr rr~n~? s~oust's q~ut
2502 SO~1TH ~F.RAT. HTt;N41AY
'CAI" .TI!' VIFGINIA CAIN p~hcF ,Florida ~
1 hat Mortgagor hereby grants, bargains, assigns, and conveys unto Mortgagee, the fpUowittg~ ~deil:rilxd real estate in the ('ounty of
ST 1,T!CTF. .State of hlorida, to wit:
.
Lot 22, Block="A", FRAaiBAC61 Subdivision as per plat thereof recorded
in Plat Book~J, Page 36 of tee Public Records of St. Lucie County, ,
Florida '
For street numbering also known as: 710 North $ Street
Fort Pierce, Florida
3345Q
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i ~ ! 1,; r _ t RAtelved a v IR ~IMfI! ~Tt10~f
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Oue On Coss "C" Itntargibls P~rtOryldrOpMlya
` + - , aPeuttnt TO ChaptK 7t. t~. I?ctt a~}p7~.
• ~ _ ,G _ _ i 11. Y 3 ~ ROOER P0111iAS ~'oY
- f te?>, C1?euk Courtr 9t. LrueM. Co., FM.
thtr with all buildings and impruvrmtnts now ur !:°_r•~fttr trectrd thercun and all scrctns, shades. storm sash and blinds. and heating. tighung, plumbing.
~ _s,. electric. ventilating, refrigerating and air-conditioning eyrupmtnl used in cunnrction thtrcwitll, all of which, for the purpose of this mortgage, shall be
!_:trrrd fixtures and subiect to the lien hrrruf. and the htreditamtnts and appurttnancrs pertaining to the property above described. all of which is refernd to
j ^_rcrn~ftrr as the "prtmi+t~'.
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Iu H~f,~.F A\D TO f101.i: wld land and prcml+ts. with all the righh. privikgr+ and appurtenamrs thereto belonging, unto murtgaFrr and his heirs, executors.
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t~nrnlstraturs. wcsY~wrs and assign,. torture.
~l, rtr;sxor al+u assigns al Mortgagor all rents. iswts and prutits of ,aid prcmists, rrsrmng the right to collect and use the same, with or without taking
I ~ .,r+slun ul the prtmixs. during cunUnuanct of default hereunder, and during continuance of wch default authurving Mortgagee to enter upon said premises
1,~~.1 or collect and onfunt the same without regarJ to adequacy of any security for the indebtedness hrreb} ucured by any lawful means including
~;,t~~~mlmtnt of a rectivcr in the name of any party htrrtu. and to apply the same less costs and expenses of oprrauun aril coltrction, including reawnabk
iu~~rn~y's fats. upon an} indobtednts+ secured hereby, in such order a+ Mortgagor map determine.
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r)R THE PURPOSE OF SECURING: (11 Performance of each agreement oC Mortgagor contained herein; l2) Payment of the principal sum of
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~~'•'.7~ with interest thereon, as provided in~actordance with the terms and provi ns of a P omis}~s~rHH Noto/lawn Agreement thereinafter referred to
'-a ?A 1~?R7 ,has in ~une 0~, 'I~1bj s
'Promissory Note") dated Y , g a maturity date of ,and payable to Mortgagoe; f3)The
rnent of any money that may be advanced b}• the Mortgagee to Mortgagor or to third parties where the amounts arc adsancrd ur protect the security or in !
...•,rdance with the covenants of this Mortgage.
',ii l:aymtnts made by Mortgagor on the obligation secured by this Mortgage shall be applied in the following order.
1 IRST: To the payment of taxes and assessments that may be kvkd and assessed against said premises. insuran~r premiums, repairs, and all other charges
~i ~ .proses agreed to be paid by the Mortgagor.
SI COVD: To the payment of interest due on said loan.
THIRD: To the payment of principal.
i t i PRO(f (`f THE SF:('('RITI' HFREOh. MORTGAGOR CO~•I.~AXTti AXU :~GRf 1 ti 111 Tu kc•op said prrmi+rs msurcd again+t tier and +uch other
• . ilUos a+ the Murtgaltte ma)• specify, up to the lull value of all tmpruvrmrnt+ fur the protr.uun ul MurtgaErr rn su.h mannor. m +u.h rmuunts. end In w~h
utttvnlrs as Mortgagor may-irom time to urrr approve. and to keep Ihr prnc~trs thtn•fur. properly rndur+td.:rn dtpusu with Murtgagoo. and that lu++
r~ _•rds Ik~s oxptnsrs of culkctionl shall. at Murtgagoe's option. hr applied on said indohlydnrss, whether due ur nut or to the rr,tuuh~'n of sahl
-;~r,,vrrrlents. In event of loss Mortgagor will give immediate notice by mail to the Murtga):rt who may make proof of Io+s if not made promptly h}
l '•1~•rtz'agur. and :ach inwrancr company concerned is hrrrby authuntrd and Jtrectrd to make pa}cnrnt fur wrh loss durctly to Mortgagee m+trad of
`•1 ~rt,agor. t?) lu pay all taxes and special asses mrnb of any kind that have hero or may bo Irsird or a+sessrd upr~n wld premises. ur en} part thereof t 3) In
s :•srnt of default by Mortgago: under Paragraphs 1 or ?about. \lortgagrr, at its option Ishethor electing ter declare the whole indrhtrdnr+, +r~urrd hrrehy
and collrctibk or not). may Ia) effect the inwrance above prosidrJ fur and pay the reawnahlr prcmlum+ and chatgos ihorrfor. Ih) pa} ail sold taxr+ and
K ~~monts ssuhuut drtrrmrnmg Ihr vahdlty thrreot. and Ic1 pay wch lions aid al! wch dtshur+emrnt+ shall be doomed a part of the Ind~ht.dntss +o:urrJ h)
y ~lortgagr and .half be ?mmrdrately due end pa}able by Mortgagor to Mortgagee. 141 T.. keep the buil.iing+ end olhtr tmpruvrmrnt. now ur horrattrr
rod m good condition and repair. not an commit ur suffer any waste or any use of Bald premi+r+ contrar} to rcancnon ur re:urd or contrary to laws.
•r lriancrs or rrgula4ons of proper puhhc authority. and to permit Mortgagee to enter at all rca,unable umr~ t~rr the purpusa• ut m+prcUng the premise+. m•1
• *:rn+,ve or drmuh+h any building thereon: to complete within One Hundred Ftzhty tIR01 llay+~~r rr,tore I~r.~mpth and m a Kurd end workmanhkr manner
building which maybe .onstructed. damaged ur destroyed thereon ar::; to pay. when due, all Jaun. for ia)r••r prriurmoJ and nralrnal furmshtd thrretur
that the time of payment of the indrbtrdnrss hereby socurtd. ut of any puruun thereof. ma} ?x oNtndrd ur n•nrwrd end any portions of tflr prrmiso+
r~ to dtxribed may, without notice, be rckaxd from the lien hrrruf. wtthuut rctoastng or affecting the prnural Iuhilrl} of any person or eurpuzauun fur Ihr
.•.•arnt of wid indebtedness or the Gen of this instrument upon the rtmaindrr of wed prrnu+r, fur the full amount of said irtdoMrdnr+s then rrmalntnK
•~p~rd. and no change in the ownership of said premtxs shall reloax. rcducr ur utherwtsr alfe~t any w~h Ix•r+unal 6abthty un the hen berth} created. Ihr
i h }t he is xi~rd of the premises in frr simple and has good end lawful right to ~umry ith• ,amt. and that :r: dar+ hrreb} forever warrant end wilt fucesor
irtc•nd the tick and pussosston thereof against the lawful claims of any and all ponrms ~hatxxver.
n"~332 ~(.CC
7•-Ol7S (REV 11-7af iL Bl/lJ7t Pp{r`~~~
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