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HomeMy WebLinkAbout1589 499323 ~1' . REAL ESTATE vIORTGAGE (Please print a type all names and addrcssesl 1 } 17~11S MORTGAGE. made the T,£AiTN day of SEPTEMBER . 19 . by _.~j,,~IAM F. STARLING (called Mort a or herein) of sty o FT. PIERCE FLA -33450 to otaema ers Hance ervice, nc. /a GECC ca e `~ortgagee herein) : ~ VYtTNESSETH that Mort got has executed this date a promissory note, in the. principal sum of ~ 2 3 , 30 9.3 5 _ _ with interest at the rate stated therein. payable at the offices of Mortgage e in 12 Q . consecutive monthly installments. each installment in the amount of S ~ 2 n ~ n n , the first installment payable one month from the date of this mortgage unless a different date is inserted here ~ A -17 _ R fl ehe balance of installments payable on even date of each succeeding month thereafter until fully paid. NOW. THEREFORE. ro secure the payment and perfortrtanee by mortgagor of the promissory note. and the performance of the ! covenants herein rntuained aad to induce Mortgagee to enter into the promissory mote with Mortgagor and for good and valuable con- 4 sidention, the receipt~of which is hereby acknowledged, the Mortgagor does hereby grant. sell and convey ro Mortggagee. its heir. executors, successors or assigns the folbwing described real estate situated in the County of ST . LUCIE State of Florida described as folbws: Being the west 160 feet of the south 135.53 feet .of the West 300 feet of the South 495 feet of the east 1/2 of the North'30 - acres of the Northeast 1/4 of the Southeast 1/4 of Section 9, Township 36 ; South, Range 40 East, St. Lucie County, Florida; together with ingress and i egress access being wort particularly described as follows: ~ Being the North 60 feet of the South 195.53 feet of the West 160 feet of the East 1/2 of the North 30 acres of the Northeast 1/4 of the Southeast 1/4 of Section 9, Township 36 South, Range 40 East, St. Lucie County, Florida. being and .u_t~nded ro be the same premises conveyed to Mortgagor by deed dated 3 / 9 / 7 41 ~ 3 / 5 / 7 9 , 19 ~ 9 in Florida, Book ~3 ~ 4 ,page 110 7 in the t~ffice of the CLERK OF THE CIRCUIT COURT ~ ST. LUCIE County, FLORIDA. , Together with the improvements hereditaments. and appurtenances thereto now or hereafter belonging. the rents, issues and profits thereof, and all factures now or hereafter attached ro or used in connection with the premises described above. To have and to bold the above mortgaged property unto the Mortgagee. Mortgagee's heirs. executors. administrators. successors or assigns. co Mortgagee's own proper use. benefit and behoof forever, provided that upon full payment and perfomtance of the promissory note, and the keeping and performance of all the covenants stated herein, then this Mortgage and promissory, note shall be null and void. otherwise co remain in full effect. Any renewal of the promissory nae, or the extending of payrp~nt~ pj ~ i~tallrtt~ttt tlteaeof lNall~Aot''' waive any rights of the Mortgagee createdhereby- a'4~'r` • • •••t r„~17 rG Should the premises above described 6e sold or conveyed or in the event any ntechanis~+AgRt~aNiit:'it't!, v~bric ~ ~ s~ judgtr~tt qr t~;~~~ liens lie against the premises. or this or any mortgage covering the premises shall be in defa4rtt;VO oaa~ six shotild~tbe promissory dote be in default, then the indebtedness secured hereby, togethrr with accrued interest to date s~t1R 6~ibA~af Mortgagee Immediately become due and payable, anything therein to the contrary- notwithstanding. t~ ~ s~ r.~~•''• '+~~i'° ' ~ - Upon such default or any default in the perfomrauce of the covenants herein, Mortgagee may ether Gpon arl~ take posseuion of the said premises, receive the rcttts and profits thereof and to apply the same toward the payment of cues, upkeep of the property and the tullfillment of the covenanu of this mortgage: or at the option of Mortgagee, to cause a receiver to be appointed: or to sell or cause to be sold the property hereby mortgaged and to convey the same to the purchaser. pursuant to the statute in such case made and provided and out of the proceeds of such sale to retain the monejrs due under the terms of this mortgage, the cost: and charge of such sale. and a reasonable attorney's fee, rcrdering the surplus money, if arty. u~ the `tortgrgor. ~ Mortgagor will keep the premises fully insured against loss by fire and lightning and such other risks as Mortgagee may require. with Insurance company urcompantes satisfactory co Mortgagee. for the benefit of tilortgagee and in default thereof Mortgagee may, but shall not be obl igated to, insure the same. Such expenditures for insurance by Mortgagee shall become so much additional indebtedness secured nercby. Mortgagor shall provide, upon Mortgagee's request, evidence of insurance coverages. which coverages shall also provide for t tent 10) days' pnur written ndtice to mortgagee of any cancellation or material modification of insurance. Mortgagee shall have the op- ;ion to receive and apply the same qn accounPof the indebtedness xcurcd hereby or to permit said mortgagor to receive it and use it or anv part thereof for other purposes without thereby v?aiving ur Impairing any equity. lien or right under or by virtue of this mortgage. ~1o building on the premises shall be removed or demolished without the consen[ of Mortgagee and Mortgagor covenants not to commit or permit waste of any kind upon or on said property. Mortgagor will pay all taxes, assessments or water rates, and any mortgage installment on this- property and in default thereof, ~ ~ Mortgagee may pay the same, but shall not be obligated to do so nutwithstandmg the security hereby provided for such, Mortgagor shall ~e :n default under this mortga¢e. and the amount paid shall be so much additional indebtedness secured hereby. Thc failure of til6rtgagor to pay any part of arty Installment of taxes. ,usessments or Insurance premiums under the provisions of this ` ~ mortgage at the time or times when such items are due and payable, shall constitute waste within the mtaning of applicable Florida law. € env amounts pail by Mortgagee fur Insurance. taxes. usessments. water ::,te. and an. mortgaee installment on this property shall bear c interest at the highest lawful :ontract rate. and shall be paid by 1~tortga¢~r upon .iemand_ - ~lort¢agortsl hercbr ftI1RQU15h JII rights of homestead. This mortga¢e shall Inure to the benefit o[ the successors and uslgns of ~lurtgagee and shall be binding upon the heirs, executoa, ,uccessors and Iesaf rcprcse:itatives of ylortgagor. x IN WITtiESS EREOF. Mortgagor has signed [his instrument nn the day and near firs~~bfjre!iI??itte~tt,. (,v • / h ! Signed and ~ ~ ~ q / f - - - - -~-~-d '~--ti I ~lortga ortWILLIAI~ F . STARLING iMortgagor)ELISE T LING ~n.-o N~unrsscs must ~ign1 ~npr ur print nanr~s btntarh sig ' ~ This instrument was prepared by: D. BARNETT _ HOME_Ma1c~RS FINANCE _SERVIC~ . INC . d/b/a _ _ i GECC FINANCIAL SERVICES _ t Documentary Stamp Here) .r - WINTER P ; ` h! 7 9 2 _ 9601( If ~~cumentary stamps are not affixed here. they have been 1 a affssed tr the ~~Ne. - - - r R " - -