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HomeMy WebLinkAbout0918 PSL-3-2319 This mone~e waa prcpared by; R~BIN ,~Al jSTFR ~i ' ' MORTGAGE ~26~ ~ ~ This Mon6a`e is made this~~jpy o( JUNE , ~9.~, by and between DOROTHY McNEIL F/K/A DOROTHY M. -!Honaa~or~), and AMERj~',AN fl1NDING L,~,TED D~~~A THE MONEY ER'$ l"Monp~ee"), havin` an otfia st 10~ Bi sca~ne 61 vd. City of Mi ami Counry ot ~a~ , State of Florida. ~5 WITNESSETH: /~j v- WNEREAS, Monp~ u indeMed to Mongagee ia ~he swn o( FnRTY_TNRFF .TH(111CANI] jWFI VF I~NI] RO; IOA----~-- • as evidaaad by that carts~n ptomissory note of even date Aerc~ritd. execated by Mort`aaor and de4verad to Mortg~gae (the "Notek iVOW, TNFREE~ORE to savre the performana by Mortgsjor of all covenants and condipau in tl~e Note and in this Mor e aad in dl other irtstru- 8~ a?ents seCurin~ the NWe, and ia order to char~e the properties. interau and rishu hereiaafter dacribed with such payment au periormance and to securc renevrals and extensions thereot. and tor and rnnsideration of ~he sum of Ten and no/100 DoUars (S10.a0). Mortgator doa Aereby mon~e, sdl, plod~e and assisn to Mortga~a aU of ~he laad in thc Couatyof ,,~T. LUC E , State of Flwida, whic6 is morc puacula~ly dacribM u follovrs: Lot 19, Block 3, ~LAKLEYS SUBDIVISION, According to the Plat thereof recorded in Plat Book 10, Page 50, of the Public Records of St. Lucie County, Florida. . _ ~ 7, 5Q0 _ Raceived 4..:a~ in Payn:ent Of Taxes ~ ~ 1 ~ ~ ~ • - i ~ L~ # ~ , ` Due On Class "C'' bnangibtc Psrsonal Properry, _ .,:li_E.~:~~~rti ~=~''i' ~ . , f~I,; r, f ~ , , ,..",~t~i;:.;: . _ _ ~ i~urSUantTO Chapter 71. 134. Acxs Of :971. " F ~ ~ ' ROGER POITRAS , - ~ Q , ~ ~ - , : ~ Z Z ~J ~ " /~~y/y~~~y r `fl I"q 1 ..N` ~ 4~1~ VR~'.{!~l C~V~. S~. ~.t~riu CO.. f~8. ~ ~t ~ ~:m~sar~.' . In accordenee with the rulings af the Ftorida Ikpartment ~~f Re~~e~?ue. 1he Documeniary Stamp Taa and Intangible Tax should be calculated on ~ , the amount f~nanced in this transactwn. To have and to hold the same, together wi~h all ~mpro~em~nts and appurtenances thereto, and also aH the estate, right, title, intetest, • homestead, right of dower, separate estate. propeny, possession and claim vrha~soever ot Mortsagor to the same in every ~an and pazcel thereot unto Mortgagee in fee simple ("Nortgaged Property"). SUBJECT TO the [ollowing "Permitted Liens": NONE . i PROVIDED ALWAYS. that if Mort~w shall pay to Mongaga the Note at the times and in the manner stipulated therein. aiul in all other instru- ~ ments securia~ the Not~. includias renewals. extensions or modi6cations tixreof. and in this Mwtgage and in'all othec instrumeats securinj the Note. to ~ be kept. paformed ot observed try Mort~or, ti?cn t6is Mortgage shall cease and be void. but shall aherwise remain in fuU fora aad tffat. . E Mort~or covenanu and agea with Mortgagee u fdlows: - j 1. Cospliuce witY Note ud Mort~qe; Wsra~tf of Titk. Mortgagor shall comply with all provisions of the Note, this Mortgage and of every otiur k instrument securing the Note. and will promptty pay to Mortgaga the principal with interat thereon and all o[he~ sums required to be paid by Mort=agor f unda the Note and pursuant to the provisions of this Mort6age and of every othet instrument securing the Note. Mortgaga is indefeuibly seiud of the Mortgaged Propaty in fee simple and Mortgagor hss lawful authority to rnnvey, mortgage and encumber the same u provided by this Mortgaae, and doa bcreby so warnat. 2. Pa~menl of Taxes and I.iens. Mortgagor shall pay alllhe taxes, obligations and encumbrances of e~rry nature now on th~ Mortgaged Property or that txrcaltcr ma~~ be impox~d upon this Mortgagc or thc Mortgaged-Pro~xrty or upon the indebtedocss securcd hereby, except thal Perm~ttM I.iens ma)~ bc di.char~ed in accordance wilh their terms. AN such paymcnts to be made v?hen due and payable according Io law before the~• become dclinyuent and betorean}~ i ntcrc.t attachc. or any prnalt~• i+ incurred. lnsofu as any indebtcdness is of rerord 1 except ~ndebtedncs~ gi~ing rise to Permiued Liens) the same shall be prompN~• wti~lieJ and e~idenc~ of ~uch satufaction shall be gi~en to Mortga1tee_ . 3. l~a. Mortgaaor shaU kap the Mortsaaed Properq u~d the imprrnrnfrnts now existing or hereafter erected on the Morlsaged Property inwred . u may be raquired from time to tia~e 6y Mongaaa aaaimt loss by fire, other hazards and contingemia in such amounts and for wch periods as may be requirtd by Mongaeee. Mort6agor shaU paY promptlY. wt~en due. ury premiums on such insurance. All insunnce shall be carried svilh compania approved by Mortgaga and the policy and rem.wvals thercot shall be held by Mortaaaee and have atached thereta loss payablt clausa in favor and in form acceptable to Mortaaeee. In the event of loss. Morl~or sha11 give immediace notice by mail to Mortgagee and Mort~a maq make proot of loss if _ eat.r~ude prapptly by Mort~agor. Each insurana company concerned is hereby authorized and directod to make payments for such loss direcUy to ag Mortgaga instead of either to Mortgaaor or Mortaagor and,Mortgaaa jointly. Iawraaoe proceeds or any put thereoi may be applied by Mort6agee at its ~ option. after doducting tlxcefrom aU its expenses including attorney's fea, either to the reduction of the indebtednas herebq securod or to tfie ratoration ~ or repair of the property damaaed• Mortgaga is heteby authorined, at its option, to settk and cornpromise any claims: awards, damaaes. ri~hts ot action , ~ and procoeds, and any other payment or relief under any insurance policy. In the event of foralosure of this Mongage or aher transfer of tiQe to the ~ Mortgaged Property in extinguishment of the indebtedness securcd hereby, all right, titte, and iMerat of Mortgagor in and to any insuranoe poticia then * in force shall pass to the purchaser or granta. Mortaaaee may at its option require Mortgagor to deposit with Mortaagee on the first day of eae6 month. in addition to making payments of principal and intaat. until the Nae is fully paid, an amoun: equal to one-twdith (1/12y of the yearly premiwas for all • insurana. Such deposits shall net be, nor be damod to be, tnut funds, but may be commirigled with the gcneral funds of Mortaagee, and ra interat shall be payabk in rapect t~eieof.,Upoc demand by Mortgaget. Mottaagor shall de[iver to Mortgaga such additional monia as are necasuy to make up any , deficiencia in the amounts necasary to tnabk Mortgasa to pay such premiums when due. In the event of default under any of the terms, covenants and ~ conditiops in the Note, this Mortgaae or any otha instrumrnt securing the Nae co be performed or observed by Mortgagor, Mortaagee may spply to the ~ reductio~ of the wms socured haeby, in such manner u Mortgaga shall detcrmine, any amount under ehis paragraph remaininj to Mort~or's credit ; and any retum premium received from cancellation of any insurance policy•by Mortgagee upon foreclosure of this Mortgaga ~ 4. Co~desntlo~. It the Mortgagad Property or any part thereof shall be damaged or taken through condemnation (which term when used herein ~ shall include any damage or taking by aay governrtuncal autbwity or any othu authority authorized by the laws of ttie Sute of Florida or the United , Stata of America to w damage w takb, and any transftr by pri~ate sale in lieu thereon, either temporarily or permanently, the entire indebtednas and g other swns savred hereby sha11, at the option of Mortgagee, become immediately due and payabk. Mor~gaga shal! be entided to all compensation ~ awuds. damaaa, claims. rights of action and proceeds ot, or on account of any damage or taking fhrough condemnation an~ is herebr authoriud, at its ~ option, to commence. appeat in and prosecute, in its own or Mortgagor's name, any action or proceeding relating to any condemnation, and to settk or compromise any claim in connection therewith. All such compensat~on awards. damaga, claims, nghts ot action and procads. and any other payments or relief, and tbe i~ght thereto, are hereby usigned by Mortgagc+r to Mortgaga and Mor4Baga after deducting thercfrom all its dtpenses including aaornty's ~y ~y ~onies so roceived by it without atfecting the lien of this Mortgage or may apply the same, in such manner u Mortgaga shall deter- mine. to the reduction of the surns socurod hereby and to any prepayment charge providod in che Note, this Mortgage or any other instrumeat securing the Note. Any balana of such monies tF~ea remaining shall be paid to Mortgagor. Mortsaaor asrea to uecute such further usigwnents a any eompenu- . ~ tians. ar?ards. da~ossa, eWms, righu of action and procads u Moregagee maY roquire. s, Care p[ (Worlp~ed Pro~ert~. Mortgagor shall na remove or demolish any building or other property forming a put of the Mwtaaged Property wit6out tbe writtrn consent ot Mortga~cr. Mortgagor shall not permit, cammit, or suifa any wute, impairment or deteriontion of the Mon6aged Prop- «cy « aoy ruc ~or, and :dall keep the same and improvements thereon in aood condition and repair. Monpsor shall notify Mort~a in writina ~vit1~ tive day~ of anY dartu~e. ot ~mpairmcnt of the Mong~ged Property. Mortga`ee may, at Mortaaga's discretioa. have the Mort~ajed Property , inspected at any time and Mat~or shall pay all costs incurred by Mortga6ee io executin` such inspation. } ~ :s:t UII~~ rN~C VZ~ ~ . _:w.,~, . ;~ar~. . . y_ f~.~,..• ~ "