HomeMy WebLinkAbout0971 'ili~ 11urtRay;ur he~n~b~ ~~~~~~•r~antn ~rith ttn• \1urt~aK~~c~, that h~• ,h~• i; indri~~:t,ihl~ .~•i,:~~d nl ,:ud land in f~•r ,inipl~• ~~r
.uch i~thi~r ~~stntc~, if an~~, a: is siat~~d h~~n•in: that !~e~sh~~ hati full puw•rr :~nd lawlul nyt?t tu cun~~~~ thi• s,un~~ .u afurc,t~id: th~tt
!I~r land is fine fron~ :,11 ~~nrumnr:u~ce~s ~•xc~~pt ~s h~~rcin citherK•is~~ rc~cile~d: that .aid 1lurtg.ip~ur H~iil rnak~• such fur~h~~r
:~~tiuran~rs tu pro~~e t1?t~ aton~said litl~~ tu said land in s:tid :'~tortgaK~~i~ as m~~ tn~ reaion:ibl}' rryuiri•d. and ih:?t said !11urt~;ak~~r
dems h~~mb~' full~' warrant the tille tu said land, tuid ~~~~~r~ part th~~rcui, and will d~~G~nd Ui~~ stune ak~inst thi~ la«•ful claims ut
ali p~~nuns Hhomsor~~er.
I'KOViDt:~ A?,w~YS that i( the 'ltort~agor shall pay utito the Mort{;a~;c,e LLat certain promi~,sory not~e, of
R~hich the followin6 is a substxut,ial copS, to wit:
= 80 , 800 . 00 Port St . Lucie ,~lorid~.
Dece~er 19 , 19~6 .
FoK VALUE; ~~F:CEIYt:D~ the ~wdec~igned promi~e(s) to pay tc~
AI~.It1IVC~ NDRTC',A(~ Cf~1PANY
, a cor~ration orRanized and existing under the
IS~YH OE STATE OF FIARIIIA , or ordcr, thc principal sum of Eighty thousand, Eig~t htmdred
and no/1Q0 llolla~ (E80,800.00 with int~rest from date xt
the rate of j~~.j~ per centum ( 9 ~J~} per annwi~ on the unpaid b~tance until paid.
The ~gid principal and interest ehall t?e payaLIE: at the ofticc ~t
P.O. Box 2309
Jac~:sonville, FL 32231
in , or at such other placc as t6e holder may desi ate in writinR
delivered or mailed to the debtor, in ~nonttily installmeuts of Six htmdred Fifty and 13/~00--- Dolla~
6S0 .13 comii~encing on the first day of Febniary , 19 R7 , and continuing on the
first day of each month th~rcafter until this nota is full~ paid, excapt that, if not sooner paid, the finel payment
of principal and interest shall be due and payablo on the first day of J~~Yy , 2017 .
Privilege i4 reserved to prepny at sny time, wiLLout premium or fee, the entire indebtedness or any part
Ehereof not less than the amount ot one installment, or one hundred dollars (~100.00), whichever is less. Prepayment in full
shall be credited on the date received. Partial pmpayment, other than on an installment due date, need not be credited unti!
the next [ollowing installment due date or thirty days after such pmpaVment, whiche~~er is earlier.
If any deficiency in the payment of any installment under this note is not made gond prior to tho due date
oi 26e next such installment, the e~itire principal sum and urcrued interest shall at once become duo and pav-
able without notice at tLo option of tl~e holder of this nolr. 1~ ailure to eaercise tLis option shall not const?tuto
a H~aiver of tLe right to e~ercise the some in the event of any subsequent default. In the event of defavlt in t}ie
pa~•ment of this notc, srid if ttie same is collected by an attorney st lnw, the undersigned hereby agree(s) to
pay all costs of collection, includin~ s reasonnble attorney's fee.
ThLg natc is secured by mort~a~e of even datc esecuted b3 the underaigned on eortain propert~ described
therei? and represents ?ione3 actuEtll,v used tor tlie acyuisition of eaid property or Lhe improvementa tLereon.
Presentrnent, protest, aud notic~ are heri•bt• k•aived. ,
-fi s~'1'.~t~~~ .
- ---y~~----- [senL)
, , ;
~~_~'_',~.~~-'~~-:~.--.-.-~~~~'L`= [s~eaa~.] .
Nbita Ryan
[sEnL)
- - LSEAL]
And shall du1y, promptly, and fully ~r3orm, di~charqe, exf~cut~, r1T~ct, c~~mpl~~i~ , f r~~ comply with and ahide
b~• each and every the stipulaticros, n~reements, c<~nditions, i?nd corenants of ~nici nr :fuissory note And of this
mort~;nge, then this mortgage and the estate hereby created shall cea.~ and be null iu:~: ~~oid.
'I'he i~lortgagor further covenants as folloR•s:
1. 'll~at hc~,'sh~~ ~~•ill ~iay tht~ indebt~dr,ess, hc~rc~inbcrfc~rc~ ~~rc~~~idc~d. !'rivilc~~;E~ is rf~sc•n~~~ci tu ~~rc~~~a~~ c~t
,+.n~~ timc~, ~c~ith~ut E~rc~mium or fc~r~, ti~E~ c~ntirc~ indc~ht~~clnt~s; ur ~u~~~ J~<trt Ih~l'c~of nc,t less than tht~ antcnu~t uf
un~~ :,>>t.jllin~~nt, or cfiie~ ht~i.dre~el de~liar~ ( 5100.00 wlll('Ilt~<<t~r is I~~ss. Prf~I~a~•me~nt in full shall h~~ ~•rc~dite~ei
un th~~ d~?t~> rf~c-~i~~~d. Yartiat prep~}~nu~nt, ottzf~r than ~~n an ii~stallm~~nt duE~ dat~~, n~~c>d not h~r crc~clii~~cl i~nii!
th~~ r.E•~t f~~ll~~~vin~ instailment due dat~ ~>r thirt}° cl.~~•s ~tft~~r sucl~ ~~r~~~~aymc~nt. «~hic}ie~~~~r ?s ~~arlit~r.
2. fn ur~l~~r r~i~~r~~ tull~~ 1~~ E~r~~t~•c•t thr ;rruril~- ot thic n~urt~i~~~~, thi~ ~1~>rtkr~~~~r, t~>~~~th~•r ~.~iti,. o-?n~l in
uil~litii~n t~~, Ih~~ n~nnthl~~ ~~t~~-ni~~tits unil~~r 1hi~ ti•rni< nf l1~~~ tint~• :r~~~imil hi~n•1~~•, ~~n 11~~• tir:t <1f~~- ~~f ~~f?i•h tnntitl~
u~~til thr s.ii~l nnt~~ i; full~• ~r.ii~l. ~sill ~~u~ t~~ thi~ ~t~~ri~u~~~~•. a~ tri~;ti~~~. Iuu~1~•r tlu~ t~~rrii.,~( tl~i; tru~t e, Li~r~•in-
ttft~•r.tat,~~l) th~• f~~ll~~~~~inr;~ui::~
(a) A sum equat to the Rrotmd rents, if any, next duc, plus the premiums that a•ill next t,ecome due and payable
on policies of fire and other hazard insurance coverinq the n?~rtRa~ed property, plus taxes and as~es~m~nts
next due on the mort~nRed property (ail as estimated by the 11ortRaqee and of which the ~1ort~aqor is '
notified) less all sums already paid therefor divided by the number of months to clRpse bef~~re onF mor.th
prior to the date when such ground rents, premiurns, taxes, and a.~.~e~.sments will become de~linquent ,
such ~ums to be held by ;4fortgaf;eeintrusttopaysaidgroundrents,premiums,taxes,andspecialacsessm~nts.
(b) `The aq~regate of Lhe amounts paynble pursuant to subparagraph (a) and th~~se payable on the note secueed
hereby, shall t~e paid in a single payment each month, to be applied to the folluwinq items in the order
etated: sj
(J) ground rents, tAxes, as..~ssmenta, fire, and other haznrd ins~.irlncc premiums; ~
{II) interest on the note secured hereby; and F
;III) amortization of the principal of ~xid note. ~ ~
Anv ~1efi~iency in th~ amo~~nt ~f su~h a~~.~r~~at~ m~nthl~• pn~•ment shall, ~mle~s med~ ~ood 61' th~ .tilort- ~
~a~or prjor to the due ctate oi tl?e nc~xt su~t? px}•ment, c~orist~tute e?i e~•t~nt ot d~~lault im~1Pr t}~is mortKa~;e.
At ~tort~,~n~e~'s option, Mort~a~,•or w•ill pati• a"lntc ~hnr~c" n~! cx~ecdin~; four p~r c~ntum (4°Jo) n( an~• install- ~
m~~nt w•}?en pai~i n~ore than fifte~~n l1:~) ~la~~s aft~~r the ~iu~ c1at+• ther~of to ~o~~r thc ~stra c~xpense im•ol~~ed in '
handlin~ delin~~uent ~avmcnts, }>ut su~h "late• ~Fiar~e" shRll n~t he pa}~at,i~ out of the procc~~~~g of AR~' SR~C ~
ma<t~~ to satisf~- the mc~~Fite~lnc~~~ s~rurr~~l h~r~l~~•, t?rilr~~ su~h j~r~~rt~~~<19 are suflicient to dis~har},~~~ th~ tmtire ~j
indebtednrs5 ai~d all pr~per costs flil(I expe~nses secured thcrcb~~, ~
:i. I( ihf~ tnttil af th~• Jru~~i~~~•n,< n~,i~l~• Ir~• thr~ ~Inrl~,i~:~~r uti~l~•r (t~J ~~f ~~i~ra~ru~~l~ 2 i~n~~•c~rlin~,~ ~hell ~xr~~ed ~
tlic~ ~uii~~unt nf ~~~i~-ir~~~tsl~ n~~tu;~ll~ i~~„~i~ 1~~ ti,~• ~1r,rt~u~~~~~. a~ t?-!ict~~~~. tnr ~~c~ut~~l r~~nt~, tux~~s an~l n.SS~~~ctnents, O
Hil({ in;~iranc~c' ~)f1~IiltUltl~. 1~~ f~~~• ~~tl~r Ii:1~~ ~~t•, c.~~.li f~~~'~~~: Sf:f~~+ f~r ~'1'~~~~(~rt~ (~h ~tlf~~pl,t1/~1~1 E~x~'rn~'?!tS ln ~)P Illfl(~P ~Y
b~- tf~f• \t~rt~a~;~,r (r,r su~~i~ itr~,:: ur. nt~ \t~,rt;~:~t~~r~'~ ~~~~ti~~n. >i: tru~t~•~~, ,i~a{I h~~ r~~fun~lc~~i t~ ti~rt~a~or. If, °OD
h~w•c~v~~r. cu~h nim:thl~- ~>>i~~nirnl~ •i~ull ~int ir~ ~nl1i~ i~•nt t{~ ~r~i~- ~urh it~~ins ~t•I~~•n liu• sr?nic~ shnll b~romr du~
un~l pti~•tihl~~, tlir~n tl~r \]nrt~;ai~~~rr ~h:ill t~~ th~• \i~rrt~•n~~~~•. :i: tru~~~•i~ an~~ ninnnnt t~c~r•rssnr~• to tnak~ up
fl~~~ ~t~fi~•i~•n~•~. ~u~•t: ~,x~n~rnt ~~~all t~r trr;,~i~~ «~itf~~n tliirr~~ ~!r?~•s aitie~r icritt~n nr,lir~~ from t)~r :~lortgagr~
stetin~ th<~ amnunt of tt~~~ ~lefi~i~nr~~, ~ti•],ich noti~~ rna~• be ~i~-~•r, t,~~ n~x~l. If at an~~ t,ime the Mortgagor ehall