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Home My WebLink About0766 • , ' ,r ~ I~I;T~AGEE: 7~ MORTGAGE DEED 49~Op48 • ` u ;c ` 2~+0~ - 2L02 S FF.D HWY . •sI M.MI IIAlT IMI TISt 1.OU![•S MSti[ '!AZZARELLA VIPICENT L FT PIERCE, FI,. Florida 1 hat Mortgagor hereby grants, bargairu, assigns, and conveys unto Mortgagee, the following dexribed real estate in the ('ounty of ST LCTF. ,State of t•lorida, to wit: I,ot 15, Block 812, PORT ST LDCIE SECTION 32, as per plat thereof on file in Plat Book 14, page 23, of the rublic Records of St Lucie County, Florida. lso known for street nurrbering purposes as: ^:20 Lakehurst Dr. Stv S'" L!TCIF., FLA. 331+52 RE'YTYFD S aZ . 1'1 PL"'°".T ^F T/~XEs CC•c ^ua CL: 'C' _'.~+.c P.:::- ' : P%;: EwTYT FC':.~:~i TO Cii'.:'...: 71-:'4, ACTS Of 181E ~p ~ I:LGii~ P(IIikAS • ~K C1AC11:i CAUATT Si. LUCIE CO-[ FtA.~ a ~ _ _ _ _ i trz~ thee with all bwldings •rnd improvements nuw or hrrcritrr erected thereon anJ all xrerns, shades, storm sash and blinds. and heating. lighting. plumbing. ~ electric, vrntilaung, refrigerating and •rir-runditioning eyuipmrnt used in runnrction therewith, all of which, for the purpose of this mortgage, shall be deemed fixtures and subject to the lien hereof. and the hrreditaments and appurtenances pertaining to the property above described, all of which is referred to ;:rrrlnaftrr as the "premise:': ~ I O H:1\'F AND TO HOLD vid land and premix s, with all the rights. privileges and appurtrnancrs thereto belonging, unto mortgagor and his heirs, executors- ~dministraturs, wccrswrs and assigns. forever. ~t~utgagor alw assigns to Mortgagee all rents, iswes and profits of said prrmixs, reserving the right to collect anJ use the same, with or without taking ~ ,session of the premix s. during continuance o! default hereunder, •rnd during continuance of wch default authorising Mortgagee to outer upon said premises ,nJ ur collect and enforce the same without regard to adeyuacy of any security for the indebtedness hereby secured by any lawful means including rt+puintmrnt of a rCCelvr( in the name of any party hereto, and to apply the same less costs and expenses of operation and collection, including reasonable eft+urny's fees. upon any indebtedness xcured hereby. in wch order as Mortgagee may determine. t ! ()R THE PURPOSE OF SECURING: (1) Performance of each agreement of Mortgagor contained herein; (2) Payment of the principal wm of +"?*~rJl+-E1with interest thereon, as provided in accordance with the terms and provisions of a Promissory Note!Loan Agreement (hereinafter referred to "Promissory Note") dated O~-16-80 having a maturity date of 06-19-90 ,and payable to Mortgagee; (3)The p~> merit of any money that may be advanced by the Mortgagee to Mortgagor or to third purses where the. amounts ue advanced to protect the security- or in ~.~ordance with the covenants of this Mortgage. ~Il payments made by Mortgagor on the obligation secured by this Mortgage shall be applied in the following order: I IRST: To the payment of taxes and assessments that may be levied and assessed against said premises, insurance premiums, repairs, and all other charges :rid expenses agreed to be paid by the Mortgagor. ECOND: To the payment of interest due on said loan. 7 HI RD: To the payment of principal. I l u PROTECT TNF: SECURITY HERF.OP. MORTGAGOR ('O~'1.X.4N"iS AND AGRFI:S: 111 Tu keep said prrmivs rnwred 6~'atmt tier and wch other ~ nualtio> as the ~lortgager may specify, up to the full valor of all improvements for the protrctiun of ~turtga,:re m sash manner, in w.h rmounh. and to w.h ~ ~mpanies as Mortgagee may from time to time approve, and to krrp the policies therefor, properly endorxd, un deposit with ylurtgagrt•. and that lus+ : ,•nl:reds Iles expenses of cotlectionl shall. at Mortgagee's option, be applied on said indrbtrdness. whether due or not or to the rr,toranun of said ~pmvorttrnts. In twent of loss !?tortgagor will give immediate notice by mail to the 111ortgagre who may make pnwf of loss if not made promptly by ~ a~~rtYagur. and each inwrrnt~e company cont-orned is hereby authorized and duetted to make payment for such loss directlp to ~tort~agee msteed ..f ~tl~rteagor. 121 Tu pay all taxes and special assessments of any kind that have been or may br levied or assrsstd spun srid prrmrsrs. or any put thrrroi 131 In y gagor under Paragraphs I or 2 above, Mortgagor. at its option Iwhothrr electing to declare the whole indrhtednrs xcurrd hereby ~h; event of default b • Mort ~ hle and Collectible or not), may la) rffect the inwranre above provide) fur and pay the reasonable premiums and Charges thrrcfar: Ihl pry all +aid taxr+ rnd _ ,~•+sments ~+rthout drtrrmining the vahdrty thereof, and rr1 pay such terns and all such dtshurxmrnt. ;hall hr deemed a part of the indrhtrdnrss srrurrd t+y yortgage and shalt be immediately due and payable by Mortgagor to ~lorteagrr. 141 To krrp the buildings and other improvements nuw or hrrrrftrr ~ ~re.ted m good Condition and repair, not to commit or suffer any waste or any use of said premises contrarc to restrictrun or record ur .outran to law.. .rdinancrs or regulations of proper pubhC authority. and to permit Mortgagee to enter at all reasonable Umrs for the purpox of inspecting the premises, not remove or demubsh any building thereon: to complete within Onr Hundred F ighty 11801 Days or restore I rumptl} rnd in r gu:>d and workmanhkr manner any building which may be constructed, damaged or destroyed thereon and to pry. when due, all claims for labor performed and material furnished therefor. ~ ~ i That the time of payment of the indebtedness hereby secured, or of am• purUon thereof- may br extended ur renewed and any porUum of [hr premises ii: rein described nay, without notice, be released from the lien hereof. without rclra>ing or affecting the prrwnal liabilitc of any person or Corporauun fur the ~srnrnt of said indeMednrss or h~_ lien of this instrument upon the remainder of said premises for the full amount of >aid indebtedness then rrmaming cnprid, and no Change in the ownership of >rid premises shell rrloax. reduce or utherwix affect any >uch perwnal liability un the tern heretn~ created. t(+r I That he is seized of the premises in for simple and has gaud rnd lawful right to Convey the seine: and thrt hr duns tirreby forever warrrnt end will ti.rcvrr defend the title and possession thtreo( against the lawful claims of any and ell prrsunc whatsoever. ' ry~ i BCO~K~~ PAGE V4 Ol-04~! (REV /1-71) FL ' -"~i,=t