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Home My WebLink About0088 1~ 494956 • RF:A1. !•s•rA•rh alc~lt'rt:AC;F: THIS \IORTGAGF: made this 15th clay of h],~ lf? ~ El;etween ?+il~da =a4~T of n,. pi~ea T~i~ County, I'lorida. hereinafter called the Mo?•tgagur, and Pd=BOial ~ ~ plaf~ a t•urla,r:+tiun, hereinaRcr called thc• Mortgagee. \L`ITNFSSETH: 'Chat said 111or?gagur, in consideration of the principal sum specified in thc• promissory note here- inafter do scribed, received from the Mortgagee, hereby mortgage. and incumbers in favor of the said \lortgagee the real lu•operty situated in L~i~ ('ounty, State of f• lorida, d+•scribed as follows: Lot 2, B7.ool[ blmoll~ Lors~ Sltbdirisiaa Uhit 1 ~ v paa~ plat th~areo! Dolt tilt is plat loom 8~ pars 25~ of the prilblio rooasdo of St. I~oia Oe~o~~, YLsariels pecaivsd _ .o d in Paymem Oi 7exes D..e On Class "C" intsnpipla Patsonal P~oparty. lrresusnt To Chapter 71.1 i4r Aqa 011 ~1. - ROGER C ChA 6'rMl~ t~MItL N. LYM~ Ca. ~ security for the paymf•nt of a promissory note, a copy of which is attached hereto, and incorporated herein by reference. The said \iortgagor does covenant with the said \lortgagee that the said Mortgagor is indefeasibly seized of said ;;u,d in fee simple and has the Cull power and lawful right to mortgage and incumber the same, that the said land is free from all incumbrances except as above noted, and that the said \lurtgagor, except as above noted, does fully warrant the title t~., said land and will warrant and defend the same against the lawful claims of all persons whomsoever. j AND THE SAID MORTGAGOR does further agree as follows: 1. To make promptly all payments required by the above di•scribed nut<• and this murtgagc• as such payments • j hh• come due. Ili 2. To pay promptly when due all taxes, assessment, liens, and incumbrances on said property. 3. To keep the buildings now or hereafter un said land insured against damage by fire, lightning, windstorm of ether casualty in 8 sum not less than the sum secured by this mortgage. in a company or companies satisfactory to the ~~.lurtgagee, said policy to be held by and pay:,ble to the Mortgagee to the extent of the indebtedness remaining at the time ~~f the loss. If any sum becomes payable and+•r such insurance• policy, the• 3lorigagee may either apply it to the indebtedness cured by this mortgage, or permit the \lurtgagor to us+• it for oih+•r purposes, without impairing the lien of the mortgage. 4. 7•o permit, commit or suffer no waste, imp;+irment or deterioration of the mortgaged property. a 1 It any payments prm•ided fur ?n the note un this mortgage are nut prumpth• paid by the \lurtgagor, if the- buildings .r~ not kept insured as pro\-ided, or if the \Iortgagur d+•fault; in am• of the other covenants, stipulations, or agreements, •h• \lortgagee, without waiving or affecting the option to fon•cluse, may utherwisc• perform any of the covenants or agree- c:••nts on behalf of the Mortgagor, and any and all such sump ur expenses Laid or incurred, with interest thereon from the +t+• of payment at th+• r:+te of int,•rr•st prescribed in th+• note ,ecured by this mortgage, shall also be secured by•this 6. This mortgage li+•n shall extend to and ~ncludc• all rants and ~+~•ufits .,f the mortgaged property. In the ['vent of ~~u-ectusurc• the court is authoriz+•d to appoint a ree+•,v<•r „f th+• m,,rtgag+•d prupert}~ and to apply such rents or profits to the :r:'!«btc•dn+•ss h+•reby secured, r+gardless of the snly+•ncv of ih+ \]urtgagur ur thc• ud+quacy of the security. '(his mortgage .hall egtend to and inrlu~l• an\• and all +•x!en=inns :+nd renewals of the herc•inabo\',• described n~,t,• and ;hall also secure am• sum ur sum., that m~tht h• L.aned b}• 1lurtgagee to \lurtgagors in the futur,• in the sum or -guns for which Mortgagors shall + x+•cute they r nef±ntial+I+• hrum,ssurv nutc•,, n+it +•xceeding X35, 000, Q0, together with t , rest, taxes, levies, amt ,n=nranc~•. < r H. !f an}- payment provid+ ct fur m the nu±• ~,r th+s mnrtgat;+ be nut p;+id \cithin thirty d;rys :+ftc•r it h+•rnmr•s due, or if :+m- agrren:ent of this mnrtgag+• other thar. fur the n:•cm+nt of money is br•each.•d, then th+• unpaid balance, nut including „n• arned interest, shall imcn+•rfiat+•1~• 1)ecume d+,+ :ern! !+:a\:+bl+~ at th+ op?ion of th+• ~Inrtgagee, and the Mortgagee may fore- rlu:;e this murtgagc• in accur~iance ve,th pruc• dure.~ -tahlislu•~I h~~ t:+~c, and hav+ th+• pr~pert\• sold to .atisfy or apply on the ~n~lebtedness hereby secur••d. t t c~ l)k • 6oox PaGE •