HomeMy WebLinkAbout1477 I
1~,3~3. ~ •j1~ MORTGAGEE:
MORTOAaE DEED '4~5 Arco Financial Ser~rices of
Hol_~in+oodLFla. ~ Inc.
1373~?7
• •]T M.M( •I.iT IMITI~L i~OV1r•i ¦ANr
Dolan a ~iharlet3 V• Susan 8• ~ a jf ~i~ Stuart. , FIO[Ida
l h:st Mortgagor hereby Grants, bargains, astigns. and conveys unto Mores, the foUowirsg described real estate in the County of
St. Lucie ,State of -f-~orida. to wit:
Lot 3, Hlock 521, PORT ST. LIICIE, SECTION
TENS according to the Plat thereof as .
- recorded in Plat Book 12~ Page 49, Public
' Records of St. Lucie County Florida.
, ,
Also knoxn for Street nu>obering purposes as:
1821 Fairfield Street.
Pt. St. Lucien FL 33452
aT.>,..
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~ ll.o.wod C.. intsna~ P.ratl~
be • . Our On C~e~~ 7t.1~ /We Of 1~.
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~ QI~ Gamey gt ~~IOM10°`'
together with all buildings and improvements now or hereafter erected thereon and all screens, shades, storm sash and blinds, and heating, liGhtirsg, plumbirsG,
gas, electric, ventilating, refrigerating and airy-onditioning equipment used in connectan therewith, all of which, for the purpose of this mortgsGe, shall be .
d~emrd fixtures and wbject to.~tht lies hetlrof, and the hereditaments and appurtenances pertaining to the property above desrn"bed, all of which is rcfened to
hereinafter as the "premises". .
I
E TO HAS°E AND TO HOLD said land and promises. with all the rights, privileges and appurtenances thereto belonging, unto mortgagee and his heir, executors,
administnton, wccesson and assgns. forever.
~iurtgagor also assigns to Mortgagee all rents, issues and profits of said premises, reserving the right to collect and use the same, with ar without taking
~ possession of the premises. during continuance of default hereunder; and during rnntinuance of such default wthorizirtg MortGaGce to enter upon said premises
and; or collect and enforce the same without regard to adequacy of any security for the indebtedness hereby secured by any lawful means includir~
{ ;appointment of a receiver in the name of any party hereto, and to apply the same less rnsts and expenses of operation and rnlkction, including reasonable
stturrsey's fees, upon any indebtedness secured hereby, in wch order as Mortgagee may determine. -
FOR TH ,PURPOSE OF SECURING: (I) Performance of each agreement of Mortgagor contained herein; (2) Payment of the principal sum of
S ~ with interest thercoq, as provided in accordance with the terms and provisions of a-Promissory Note/Loan Agrcement (hereinafter referred to
as "Promissory Note'? dated 06-19-$0 having a maturity date of ,and payable to Mortgagee; (3) The
pa> ment of any money that may be advanced by the Mortgagee to Mortgagor or to third parties where the amounts are advanced to protect the secunty or in
accordance with the covenants of this Mortgage.
:1t1 payments made by Mortgagor on the obligation soured by this Mortgage shall be applied in the following order:
FIRST: To the payment of taxes and assessrmertts that may be kvkd and assessed against said premises, insurance premiums, repairs, and all other charges
and expenses agreed to be paid by the Mortgagor. '
SECOND: To the payment of interest due on said ban.
THIRD: To the payment of principal. -
IO PROTECT THF, SECURITY HEREOF, MORTGAGOR COVENANTS AND AGREES= I1)To keep said premises inwred against fair and wch other
.Gauntries as the Mortgagce may specify, up to the full value of all improvements for the protection of Mortgagee in such manner, in wch amounts. and in wch
.umpanies as Mortgagee may from time to time approve, and to keep the policies therefor, properly endorsed, on deposit with Mortgagee. and that bss
pra Beds (less expenses of collection) shall, at Mortgagee's option, be applied on said indebtedness, whether due or rat or to the restoratwn of said
improvements. In event of bas Mortgagor will give immediate notice by mail to the Mortgagee who may make proof of loss if not made promptly by
~ S1ort~agor, and .~ach inwrana company concerned is hereby authorized and directed to make payment for such loss directly to Mortgagee instead-of
I Mortgagor. (2) To pay all taxes and special assessments of any kind that have been or may be levied or assessed upon said premises, or any put thereof. (3) In
j the event of default by Mortgagor under Paragraphs 1 or 2 above, Mortgagee, at its option (whether electing to declare the whole indebtedness secured hereby
due and colkctibk or not), may (a) effect the inwrance above provided for and pay the reasonable premiums and charges therefor: (b) ay all said axes and
G.arssments without determining the validity thereof, and (c) pay wch liens and all wch disbursements shall be deemed a part of the indebtedness secured by
this Norio and shall be immediately due and payable by Mortgagor to Mortgagee. (4) To keep the buildings and other improvements now or hereafter
~.ected in Good condition and repair, not to commit or wffer any waste or any use of said premises contrary to restriction or record or contrary to laws,
ordinances or regulations of proper public authority, and to permit Mortgagee to enter at all reasonable times for the purpose of inspecting the premises, not j
to remove or demolish any building thereon; to complete within One Hundred Eighty (t80) Days or restore promptly and in a good and workmanlike manner j
Gn>• building which may be constructed, damaged or destroyed thereon and to pay, when due, all claims for labor performed and material furnished therefor.
~ 51 That the time of payment of the indebtedness hereby securtd, or of any portion thereof, may be extended or renewed and any portions of the premises
herein described may, without notice, be released from the lien hereof, without releasing or affectin6 the personal liability of any person or corporation for the
payment of said indebtedness or the lien of this instrument upon the remainder of said premises for the full amount of said indebtedness then remaining
~ unpaid, acrd no change in the ownership of said premises shall release, reduce or otherwise attest any such personal liability on the 4en hereby created. (6J
That he is seized of the premises in fee simple and has good and lawful right to convey the same: and that tie does hereby forever warrant and will forever
defend the title and possession thereof agairsst the 4wtu1 claims of any and all persons whatsoever.
X333 P,~i475
0!-017! (REV rt-7.1 FL