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HomeMy WebLinkAbout0940 Th~s martgage wes preparcd by. Barbara Bla~k PSL 2-2025 1 l MORTGAGE I h~+ Morigagc ts made thi~~ay ul June . iy~, by and betwccn _ AMERICAfQ FIiNnTN(: T.TMTTFi) d/h~a THF ~ MONEY SAVERS ' 1"~lurtgagor"1, and wife, ~'Alortgagre"1, ha~ing an oflire at 100 Biscayne B1 Vd. M~am~ ___Cuunty o( DBde , State o( Flonda. t i W 1TNESSETH: ~~D V~'HEREAS, Morigagor is indabted to Mortgagee m the sum of FIFTY SIX THOUSAND EIGH H iNDR,F.n ANi1 FTGUT IVIi T ei~c as evidenced by Ihat certain promissory note of evrn date htrewith, executed by Mortgagor and dtG?xrod to Mongagce (thc "Note); NOV1', THEREEORE to secure the performance by :Nortgagor ot all covenants and conditions in the Note and ~n this blortgage and in ail other instru- ments stcuring the Note, and in order to charge the propertia, inttrats and rights Aereinaf~cr described with su:h payment and perforznance and te secure renewals and eatensions thereol, and for and in consideration of ihe sum of Ten and no/100 Dollars (510.00), Mortgagor does hereby mortgage, ull, pledgt ana assiyn to Mortgagee all of the land in the Cuunty of ST . LU~jE Statt of Florida, which is morc particulariy described u folloMS: ~ Lot 4, Block 1128, PORT ST. LUCIE SECTION NINE, acc~rd3ng to the Plat thereof, recorded in Plat Book 12, pages 39, 39A through 39I, of the Public Records of St. Lucie County, Florida. ~ ~ y,~~ - ~r~ ~ STAT~ _~F ~ r:~~:•": 8. ~rD „ uC~-JMENTARY r~~"~~~~~~' ~ i;EPt.tF A.EYEh ~ ~STAMF' ;t.~ ~ ~ D~_ l.~^ C- M p ~ JDNt~ u~ ;~~fa - - ~ ~ P~is~a~[ i.. ~ . _ _ , : e :9~ ~_;,~c 3 6. 0 0 t - J . i Clerk Circ~~it e~. ti_ : - ~ ln accordance Nith tht rutings of thr Fli~rida 1)tparlmrnt ut Recenut. the D~kumentan Stamp Ia~ and Inlangiblr Tax should t+e calculated on $ 24.OQ0_nn the amuunl (~nanced in this transacUun. To have and to hold the same, toKether w~[h all nnpro~ements and appur~cuanccs thereto, and also all the esta~e, nght, u~le, interest, homestead, right of dower. separate estate. property, possess~on and cla~m w•hatsoe~•er of ~forigagor to the same in every part and parcel thereof unto ~fortgagec ~n (ee s~mple 1"~1ortRaRed Propcrt~•"L { SI:BJECT TO the [ollow?ng "Permuted Liens" I That certain mortgage from JAMES SLAVEN and ROSE D. SLAVEN, his wife, to CITIZ~tS FEDEKAL SAVINGS AND LOAN ASSOCIATION OF ST. LUCIE COUNTY, dated February 28, 1972, recorded March ~ 28, 1972, in Official Records Book 200, Page 726, Public Records of St. Lucie County, Florida in the original principal sum of $17,000.00. PROVIDED ALWAYS, that if Mortgagor shall pay to Mortgagee ~he Note at the tima and in the manner stipulated therein, and in all other instru- mtnts securing the Note, including renewals, extensions or modifica~ions thereof, and in this Mortgage and in all other instrumenu secuting the Note, to be kept, performed ar obsen•ed by Mortgagor, then this Mortgage shall cease and be void, but shaU otherwise remain in full force and effect. ' Mortgagor covenants and agrees with Mortgagee as follows: " °r 1. Compliance witb Note aad Mortg~ge; Waronry of Tille. Mortgagor shal! comply with all provisions of the Note, this Mortgage and ot cvery other instrument securing the Note, and will promptly pay to Mortgagee the principal w•ith i~terat thereon and all other sums required to be paid by Mortgagor ~ under the Note and pursuant ro the provisions of this Mortgage and oi every other instrum~nt securing the'vote. Mortgagor is indefeasibly ce~zed of the ~ Mortgaged Property in fee simple and Mortgagor has lawful authority to convey, mortgage and encumber the same as provided by this Mortgage, and doa hcreby so warrant. ~ Pa~ment of Ta~ec and I.iens. ~tortgagur chaU pac all the ~a~r~. ubhgation. and encumbrance, of r~en• nature noN on the Mnrtgaged Proprrty or that ~ h:r~alirr ma~ br im~.u,rd upnn thi~ ~t~irt~age or the \tartg~gcYi-Propertc or upi~n thr indebtrdne~~ xcured hereby, ezcepi that Permrtted l ~ena ma~ br ~ J~.charErd in arcordan.e with thrir trrm.. r111 ~urh pa}mcnt. to br maJr w hen duc and pa~ablc according tu law brlure thr~ bc~ume dr6nyucnt and tx-lure:~m ~ :ntrrc.t~ua.hr,uran~~kaali~i•~ncurrcJ.ln,olara~anyindrbtedne,~i,ulrc-~orJlexceptindrbtednc.~gi~ingn.rt~~Prrmuiedl.icrol?hr,amr.hallbeprump~l} ~.~u,liiJ and r~iJrncr ot .uch .ati+fachun ,hall be gi~rn to !1lortg~gcc. 3. I~tora~ce. Mortgagor shall keep the Mortgaged Property and the improvements now existing or hereafter erec[ed on the Mortgaged Property insured as may bt roquired from time to time by Mortgagee against loss by fire, other hazards and contingencies in such amounts and for such periods as may be rcquired by Mortgagee. Mortgagor shall pay promptly, whtn due, any premiums on such insunnce. All insurance shall be carried with companies aPProved by Mortgaget and the policy and renewats thereot shall be held by Mortgagee and have attached thereto loss payable clauses in favor and in form acc~ptable to Mortgagee. In the event of loss, Mortgagor sha!1 give immediate notice by mail to Mortgagee and Mortgagee may make proof of loss if not made promptly by Moctgagor. EacA insurance company concerned is hereby authorized and directed eo make.payments for such loss directly to '~tortgageo ~rstead of either to Mortgagor or Mortgagor and Mortgagee joindy. Insurance pcoceeds or any part thereof may be applitd by Mortgagee at its option, after deducting th~refrom ail its rxpensa i:icluding attorncy's fees, either to the reduction of the indebtednas hereby secured or to the ratoratian ~ or repair of the property damaged. Mortgaga is hereby autfiorized, at its option, ro xtde snd compromise any claims, awards, damaga, rights ot action and procreds, and any other payment or relief under any insurance policy. In the event of foreclosure of this Mortgage or other transfer of titte to the 4lortgaged Property in extinguishment o( the indebtedness secured hcreby, all right, title, and interest of Mortgagor in and to any insuranee policia thrn in (orce shall pass to the purchaser or grantce. Mortgagce may at its option rcquirc Mortgagor to deposit with Mortgagee on the first day of ach month, in addition to making payments o[ principal and interat, until !he Note is fully paid, an amount equaf to one-twelfth (1/f2) of tne ycarly premiums for all ~ insuranca Such deposits shall not be, nor be deemed to be, trust funds, but may be commingled w~th the gcneral funds of Mortgagee, and no intcrat shall • be payable in rapect thereof. Upon dcmand by Mortgagee; Mortgagor shall ddi~er eo ~lortgaga such additianal monia as are necasary to make up any ~ deficiencia in the amounts necasary to enable Mottgagee ro pay such premiums when due. !n the event of default under any of the terms, covenants and •aonditions in the Note, this Mortgagc or any other instrumcnt securing ,he Note to be performed or obscrvcd by Mortgagor, Mortgagee may apply to the ~ rcc~ction of the sums secured hereby, in such manner as Mongagee shall determine, any amount under this paragraph rem~ining to Mortgagot's credit g and any rcturn premium received from cancellation o[ any insurance policy by htortgagee upon foreclosure of this Mortgage. ` 4. CoodtmaaGoo. If the Mortgageed Property or any part thereof shall be damaged or taken through condemnation (which term ~rhen used herein ~ shall include any damage or taking by any governmcntal authority or any other authority authorized by the laws af the Statc of Florida or the United ~ Stata of America to so damage or take, and any transfcr by pri.ate sale in lieu therro~, either tcmporarily or permanently, the entire indebtedness and ~ othe~ sums secured hereby shall, at the option of ;~iortgagee, become immediately due and pay~able. ~lortgage~ shall be e[uitled to all compensation ~ awards, damages, claims, rights of action and proceeds of, or on account of any damage or eaking through condemnation and is herebr authorized, at its option, to commence, appear in and prosecute, in its own or ~lortgagor's name, an}• action or proceeding reiating to any condemnation, and to settle or ~ compromise any claim in connectio~ therewith. All such compensauon awards, damages, ctaims, rights of action and proceeds, and any other payments or rclief, and the right thercto, are hereby assigned by Mortgagor to Mortgagee and ltortgagce after dcducting thcrefrom all its eApenses including attornay's fees may releau any monia s'0 received by it without affecting the lien of this Mortgage or ma~ apply the same, in such marner as Mortgagce sha11 deter- ~ y y prepay'ment charge providcd in the Note, t;iis Mortgage or any othcr instrument sec~ring the ez mine, to th~ reduction of the sums secured hercb and to an ~ tiote. Any balance of such mon~a then remaining shatl be paid to Mortgagor. Mortgagoe agrees to execute such further assignmcnts or any compensa- ~ tions, awards, damaga, claims, rights of action and ~roceeds as Mortgagce ma}• require. K S. Care ot Mort~a~ed Property. Mortgagor shal{ not rcmove or drmolish anp building or other propcrty f~rming a part of [hc !~torcgaged Property ~ without the written consent of Mortgagee. Mortgagor shall not permit, commit, or suffer any waste, :mpairment or deterioration of the Mortgaged Prop- erty or any part thertof, and shall keep tht same and irtrprovements thereon in good condition and rcpair. Mortgagor shall notify Mor~gagee in writing wietun five (S) <iays oi ~ny damage, or impairment of the Mortgaged Property. Mortgagee may, at l~lortgagec's di~retion, ha~e the Mortgaged Property inspated at any time and Mor:gagor shail pay afl ecxts i~curred by Mortgagee in exccuting wch inspection. 4 . 1~" ~E~ ~ ~ a ~ `30tA~'~~ ~ ~ ~ _ ~ - - - - - _ . - x ~s s,, 4,,., _ "