HomeMy WebLinkAbout1441 - . . 't -
' - ~ - TNIS - INDEN'TUR'E 49a~a~
31223 -
- ~ a
- ;
Made this 18th day-of July A.D., ~l~o ~ - -
. - - _
- ~ _ -
" T ~ 1
BETMEEN Victory Construction Inc, A Florida. Corporatian,~ - ~ • ,
- -
cal~led the Mortgagor 9 and Security .Pacific Finance Corp. ~ - •
r
called the. Mortgagee .
WITNESSETH, That the said Mortgagor ,for and in consideration bf fifty tow thousand
seven hundred sixty five doYlars 0(52,765:00)---------------~-~0 us
- in hand paid 6y said. Mortgagee, and other good and reliable
consideration, the receipt whereof is hereby acknowledged, being the principal
-sum of a certain promissory-note of even .date herewith in the sum of one hundred sixteen
thousand sixty. tow doliars-and 40/100----------,which includes interest at an annual
percentage rate ofx7 99 Payable in 120 consecutive monthly installments of nine hundred
fifty doilars and 525100 (6950.52)-----each, granted, bargained and sold to the said -
-Mortgagee ,its heirs and assigns forever, the follo~ing described land, situate, ~ f
lying and being in the County :of st. Lucie, ,-State of Florida to-wit:
- t
Lot 16, VIKINGS LANDING, PHASE ONE, according to the plat thereof,
as recorded in Plat Book 18, Page 7, ofthe Public Records of St. Lucie
County, Florida. J~
, - N PAPS s~ON
~.TA~s -
_.•s, gECE~~ "C" M
1~ C~8?'~p'TER 13~. ~S OF
- TATS of FLOR tC~A ~ «rr. v. c~ cK~,.n coin
- DOCUMENTARY ..•M..,~ STAMP TAX"~ 187t.
e; 0 PT.OF REVENUE ' • b ~
_ o -11100 • '•r- ' - .
-
ALSO KNOWt~ AS: 632 Norseman Dr., Pt. St. Lucie, F1 33452 -
and the said Mortgagor do hereby fully warrant the title to said land, and will
defend the same against the lawful claims of-all persons whomsoever.
PROVIDED ALWAYS, That if said Mortgagors their heirs, legal represents-
tives, or assigns shall:
1. Make all payments required by the note and this mortgage promptly -
when due.
I - i
2. Pay all taxes, assessments, liens and encumbrances on that property
i promptly when due. If they are not promptly paid, the Mortgagee may
pay them without waiving the option to foreclose, and such payments, -
with interest thereon from-the date of payment at the same annual
percentage rate as specified in the note, shall also be secured by
thi s ~ mortgage . -
3, Keep all buildings now or hereafter on that land insured against
damage by fire, windstorm and lightning in the sum secur_-ed-by this -
mortgage by an insurer satisfactory to the Mortgagee the insurance -
policy to be held by and payable to the Mortgagee If the Mortgagor _
shall not-do so, the Mortgagee may do so without waiving the option
to foreclose, and-the cost thereof, wtth.interest thereon from the
' date of. payment at the same annual percentage rate as specified in -
the note, shal_1 also be secured by this mortgage. If any sum becomes
payable under such policy, the Mortgagee may apply it to the indebt-
edness secured by this mortgage, or may permit the Mortgagor to use
it for other purposes, without impairing the lien of this mortgage.
~ 4. Commit, permit, or suffer no waste, impairment, or deterioration of
~ the mortgaged property. -
f
t
{
1
i
~ 20535 ~ K 499 rArE2146 -
f - g~335 ~~E1434 ~
~ ~