The URL can be used to link to this page

Home My WebLink About0967 st-45,687 MORTGAGF DEED Ej'~~15 ~ 7~ , . . . . ; THIS I!~Df.IVTURE, madr tAis da~ o(......_:.....:._...:......:..:.:..........., 19............. B~TVP£EN • , F . resid~ng at .:~.......r.r.a.........:......:........... - in the (.iti uf Counry uf and State ut Fionda, hereaiter called thr "Mortgagur", and NENtFiCtAL MORTCAGE CO. OF FLORIDrt, a corForrtion Aa~~ing an nffh•~ and place ot Lueinrss at ~ . - . . in the Citr o( Count~' of and State of Fbrida, herea(ter called the "\~ortg~gee". W'ITNESSETH, that Mortgagor, in consideration of a Re~olving l.oan made to Mor~gagor by Mortgage~, such Ioan bring ~videnced by • Revol~ing Loan Agrcement ("Agreemrnt") dated thr same date u this Mortgage, a true copy of which u attached hrreto and mad~ a part hrreof by thu rrfrrrnce, and in order to ~ >rcurc thc payment of thc Revolveng l.oan Agrcement bY rhich Mortgagee is obligated to make loans and advances w Mor~gagor up to ~he amount o[ ~I' - . f:.......t..."....:,..~.`, 1~lrraFtrr identified u the Line of Credit, and all other sums as pro~idcd herein and to securc the perfurmancr o! all thr agreemen~s and cnnditinns contain~d herrin and in the Agreement, by these prrsents, does granl, bargain, sefi anu cunvey !o Liuri~z~ee_ iu succe>sars a::ri as~ig::~, csse tat~ow:aR ~:s;:cbaa :e~~ proprrry, hereaft~r re(erred to as the "Proprrry", situate, lying and b:ing in the County o( and the Statr of Fl~nda, to-witc ~ : : f - ~ - ~ • - . - • . . . _ . - _ . ~ ~ ' _ - ~ _ _'Q" . _ . . . _ _ .',-.'r = ~(.G~~ y.0•00 . : - . _ , . , .a. . (f ~h~~ h~i ~s nc~cEed. this llfortqa¢e is subiect to a prior mortgag~ dated 19....:.., executed b}~ !lortRagor: to :...!_...::---...:..--°..:...~..1_.....:..:.'_.....:...........:: a. 11ort~,age~~ whieh prior mortgage ucures pa~~ment oi a promissury note in the principal amount of Z~...:.i.__:.....e.:.."fihat prior mortgagr ru recorded cn . . . - - _ 19.......,: ~ith tne Clerk of the Circuit Court of the Count~ of ....:.-...:--.•.-...:.:.....::.r.. Florida in Book No_:....:,i.. at page . ~lortgagor fully warraat~ the titk to the aboce Property, and will drfend the same against the Ia*ful rlaims of a11 penons whomso~~'~r. In th~ event .he Properry is sold or othrr~ise conreyed without t?~t written consen[ uf the ~lortgageq such sale of conre}ance at ~lortgagee's option shall be considered a default under this ~lurtgage and the Nortgagre shall be entided tu all rem~dics provided herein and or at prorided by law and equiq. Thu Mortgage LS not assumable nor is the ~tortgagor's interest h~rein tnnsferable wit6out ihe prior writte~ consent of the !Ifortgagee. If Stortgagors coluntarilr shall sel! or can~~y the Propern, in rrhole or in part, or any int~rrst in that Propem or br som~ act or means ditiest thert~sel~es oi tide to the Properry ~rithout obtnining the written consent o[ MortgaReq thrn \tortgagee, at its option, may declare the entire balance of the loan plus interest on the balance immediatel}• due and payabt~. Thu oPtion shall not applr if (1) th~ sale uf the Propert~ u permitted beeause the purchas~r's creditworthiness is satis(aclon to blortgaRee and (2? that purch~~rr, prior to the sale, has e:rcutrd a Nritten a~sumption aRr~rment containing terms pr~srrib~d bv tilortgagee ircluding, if rrquired, an :ncrease in the ntt o( interest pa~able under th~ A~~ement. PROVIDED, HOQ'E\'ER, that ii 1lortgagor shal! maice all pa~ments required b~ the Agreement, and shall ~ell and truly perform and comph with each ar.d r~en co~enart of the ~greemrnt and of this Mortgage, then this 5iortRage shall be null ar.d ~~oid, u[h~rwi;~ to remain in full iorce aod effret. ~lortgagur cocenant, to pay, when dur, th~ full amount uf each and e~m~ instalment as proi~ided in the Agreemen4 ~a pay before thep breome delinquent all er.cumbranres of e~~en kind upon the Properh~ togeth~r with the indebtedn~ss secured t5~reby, includinq any prior mortgaRes and derds of trust; to pay alI taies and a~se~smentc le~ied with respect to the Propertr, to whomsoever the same may be assessed, beiorc the~ b~came d-linquent; neithe~ to commil nor to s~ffrr any strip, wa~t~, impairment or deteriorauon of the Propzrh; to keep the buildin~ now or hereafter to be errcted on thP Propert~ (togetAer with an} personal propem included in thic ~1ort{~aRe~ insured againsi luss or damage b~' iire and s~ch other hazards, in surh amuun~s and Kith such carriers as shall be acceptabl~ tu the ~1~rtgaQer; and the MortQagor hereb~ ra~.~~s all right of homestead and exemptions under the Constitution and the laws of Florida. \1ortQagors hereiu rapress)y corenant and a~ree to pa~ and kerp currrnt the menthlr instalment~c un am prior mortgage and to prevrni an~ defau{t thereunder. ' ~lurtgagors farther agree that should anv default be made in the parment o( am in;talment of principal or any intcrcst on the ,r.rior mortRaqe, or should any cuit be cummenced or other action taken to foreclose t~e prior mortgagr, then the 3mount ~ecured by this Mortgage shall becomr and be due and pa~able in full at am time therea£ter, at the opteon of the ~lortRagee and in accordance with the Agreement. blortgagee, at its uption, may pa~ the scheduled monthly instalments on the prior mortRaQe and, to the r~tent o[ the amount so paid, become subrugatrd to the rights o( NortRage~ identified on the prier mortgaRe. Ail payment m3de on the prior mortRaRe b} ~tortRaRee :hall bear interesc at the Finance Charge rate being charged undcr the Agreement until paid in full. If any of the fongoing cosenants should be breached b~ !1lortgagor or upo~ the death o( Nortgagor, the~: (1) the Agreement and al{ monies heren~ secured at the uption of the S1ortRa~ee and without demand, ~hall become immediatel~ due and pa~able; (2) ~tortgagee, at ils option, may pay an~ such delinquent sums and in- trrest d~e under prmisions of the (oregoing co.rnants and the (ull amount oC wch pa~ments shal! become part of ~he Unpaid Balance due un~er the Agreement and ~hal1 hear interest at the linancP charRe rate in ef(ect under the Agreement, rogether witn th~ agreed ir.terest, ;hall be secured by the lien of this ~to:!gage; and, (3) thi> ~lnrtga~e forthwith mac be (oreclused. In the erent of any foreclosure o( this ~longage, the Mortgagor a~rees te oay alf costs and e:penses of (oreclosure, in- cludinR reasona6le attornrv's fees, together ~ith an~ and all amounts which the ~tortgagee shall nave dubursed under pro~isions of this 5lortgage and the ?1gr~e- mrnt sr~ured thrrehs. ~lungagre shall be enuded to appl~ to the eourt for a Receirer Cor the Propech', without r.ntice and with~.~ut reRard to the valu~ of the Proper- t~ nr to the <okenc~ of the NurtQaRor, and all rents, profits, incomes, issues and re~enues of the Property shall be applied i~~ the Reerirer accotdinR to [he lien and ryui:c ~~f this ~1ortRa~e. 1( thrte hr more than one mortRaQor, ail sinRular words herein re(errinR ro ihe ~1ortRaRor shall be read in ihe plural. 1\ A'lT\ESS V~'HF:REOF the )lort{~agor has ezecuted this instrumtnt under seal the da~ and ~ear a5o~e written. ~i~ned, sealed and deli~ered in ~he presence olus: "`,i~ f' i5 ~..-,.-:~t.'~~ (Seap ~ l L~'itnr:. _ - - ~ - _ (_Seal) /%u~~~_~------ . ~Litne<. - - - lSeal) ~ R itnr.~ ftii, imtrumrn! was prrparr~l bs:......• - _ - .........._................._....._._..._...4.......,._...t.._..____..._ ~ , ~ tia~,P orr,~~ .~~.i.P~; STATF OF F[.ORID.~1 ) Af.1~~0a~LF.DGti1F.AT 1,... ~ C.QC~TI' OF 1 FiERF.Bl' f.F:RTI~( that on this da~, before me, an ott:c~r dul~ aut}inrized in the Statr and Couniti afore.~aid to take arkn~~wledqmenl., personr.llr appeared ~ ".i. - • .t,- . . _ . . ~ . . . . . r........~... t ~ - • ' - - - - . t~~ mt ~,ti~i3do~dfe perap~escrtt~ in and :vho ezecuted the abore instrument, and .he........ acinowkdRed befar~ m~ that ........he........ exrcuud the samt. _'~PSS m~~ an~ aq~ a}fisial sea! ir, the Count~ and ~tare last a(urr;aid this dav of 19._.. ~ ~t . ~ v~ _ • -~~Y~t•~i ~1 ~ , _ 4 ; w r • i~a : . - L~[ /~I~C~ ' 'r ' ~ ti,rtary Punl~c . ~~?r•~ • - • _ . M~t~!}' Ft!~~(~ si.'~.tE 0~ ~l^!i 2! `h j~ .•l ~ r . 11~ commiscion etpires ...~~.~liA#i6~SifiH-~1fjf'T'~^{j~'~~.~•v.~2~ ~ ~ a~~ 44`3 ~ . . 3 , . . i:~: t F1 f? Mu 'Pi