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Home My WebLink About0968 , ' ~ ~ 8o5~s~ ~ • : ~tttte uf .~jprtaM MORTGAGE DEED ~ ~ ST. L~IE (~uui~t~ ~ ~ ~ ~ 1 HIS MORIGAGE i~ madr tAis 30 day o( ~bBER 1y86 Ix~H~~n . _ CHARLIE MQBLEY AND LOUISA MOBLEY HIS WIFE t~he °hlortgagor`), whu~t addres~ n 3306 AVE "M" FT. PIERCE, FLORIDA a,~ LOMAR INDUSTRIES INC. ~ihe _M~npagn•.~. who~e addrrs~ ~s - 830 E. OAKLAND PARK BLVD, FT. LAUDERDALE~ FLORIDA ~v}~FItFAS. \1o~tgagor ind.e~e~ ~o !riongagee ~n ine p~~nc~pa~ sum ot FIFTEEN THOUSAND ONE HUNDKED FOURTY AND ~~00 IS 15. 14~. ~ ) which indcDtcdness is e~idenced b)• Morlgagor's note dattd ~'OBER 30, , 14 86 ~the "tiotc"~, the final paymrnt of ahich, if not +ooner paid, is due and payable on JANUARY 23 ~ ~q9rJ 1O til:Cl'RF to ~fortgagce la) the rcpaymcnt of indebtcdness e~•idcnced Ay ~hc ~ote, with interest ~hcreon, the paament of all o~hcr wm~, w•ith imcrc~t i1x reon, ad~ancrd m accordancc hcrewith to protcct thc sccuriq•.of Ihis Mortgage, and the performanct o( the co~enants and aRreemcnts o( Mvrtgagon c~rcm c~~ntauxJ. :~nd fb) rcpa~•men~ of any tuturc advanca, wilh inttrest thereon. made to Mortgagor by Mor~gager purtiuanl herctu, hlortgagor dcx~ hercb~~ murtgage. granc and con~ry~ tc~ Mortgagee the tallowing dcscritxd propcrty located in thc Couny uf ST. LUCIE . State o( Fkxida: ~ THE EAST HALF OF LOT 14, AND ALL OF LOT 15, SUNLAND GARDENS, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 8, PAGE 32, OF THE PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA. ~ SIDEWIS~O~ IS i~ PRIT~CIP~t A~4U«~ OF CON Return to, ~ 6Q100ME Ci~ED1T CoRPORAT1Wd ~ * Received S ~ ln Payment O'f Taxes two Peri~ter Partc SoMb f~M ~ s 's pue On Class "C„ Inlang~ble Personal Properiy, Q. O. @,px 43200 Pu~suant To Chap~er 71, 134, Ac s O{ 1971. ~~~t~.i,.~ ;o~~,, laL 35243 ~ pOUGIAS UIXON, ~ Clerk Circuit Cou~t, St. Lutie, Co., Ha. ~ ~ i TOGETH ER with all the improvements now or hereafter erected on the propeny, and ali easemcnts, rights, appurter~ances, rents, roy~alties, mineral, oiland gas rights and profits, water, water rights, and water stock, and all fixtura, eqmpment and machincry now or hereafter attached to the property, all of which, including replacements and additions thereto, shall be deemed to be and remain a part of the property co~•crcd by this Mort&age; and all of the foregoing, together with said property arc Acrein reterrcd to as the 'Mortgaged Property_' h10RTGAGOR COVENA~TS WITH MORTGAGEE AS FOLLOWS: 1. That Mortgagor is lawfully seized of the estate tureby con~ryed and has Ihe right to mortgage, grant and com~ey the Mortgaged Property, and that Mortgagor Nill warrant and deiend the title of the Mongaged Property against all claims.whatsoevcr. 2. Tq makc promptly all payments required by tFx Note and this Mortgage as such obligations become due. 3. To pay promptly when due all taxes, asussments, liens and encumbranas on the Mortgaged Rroperty and to furnish promptly to Mort~pgee rec~ipu e~~idencmg such payments. If Mortgagee rcquats, Mortgagor shat! pay to Mortg~gee in addition to each regularly schedulcd payment o! thc Note an amount sufficient to pay al! taacs, asxssments, licns, encumbrances and insurance prem~ums in advanoe of tlx due dato of such payments. 4. To kerp thc impror•ements located on the Mongaged Property insured against damage by 6re, lightning, windstorm or other casualty, in a company or companics satisfactory to Mortgagee. Mongagee shall be named as a loss payee in said policy. If any sum becoma payabk under surh msurance policy. 6tortgagee may either aQply it to the indebtedness sccurcd by this M1lortgagt, or, in Mortgaga's sole discrcuon, permit the Mortpgor to use it for other purposes, wilhout impairing the IKn of this Mongagt. 5. To permit, commit or suffcr no waste, impairment or deterioration of the Mortgaged Property. 6. To pa~• all expenses rcasonably incurred by Mortgagee bccause of (ailure of Mortgagor to timely comply with M ongagor's covenants and agrecments in the ~ote or th~s Mortgage, including, but not limited to, rcasonable attorney's fas, costs and abstracts and all eapenses of foreclosurc. 7. It M ortgagor defaults under any of the covenants or agreemeots in this Mortgage, Mortgagee, without waiving or af(ecting iu opiion to foreclose, may perform any ot such co~rnants or agreertxnts on behalf of Mor~gagor, and any and all such sums or expenses paid or incurred in wnnection thercwith by MongAgee, w•ith inttrest thereon from thc date af payment at the highest rate allow•ed by law at the time such payment ~s made, shall also be secureA by this Mortgage and shall be immediately due and payable without demand. I 8. If any payment pro~ided for in Ihe Note or this Mortgage be not paid u and when it beromesdue, orif anyof the Mongagor'scovenantsandJ oragreements in this blortgagc other than for the payment of money are brea:hed or if Mortgagor shall make any assigrtment for the benefit of crediton, or should a reoei~xr, liyuidator, or trustec of Mortgagor's property bc appointed, or should any pctition (or retitf under any provision of the Federaf Bankn+ptcy Code as now or hcreafter in eftect be fikd by or against Mortgagor, or any endorser or guaranter of the Note be adjudicatod a bankrupt or insoh•ent, or if there shall be a breach or 1 violation of, or de(ault in, any of the warrantia, co~•enants or agrcements on the part o( the Mortgagor contsinod in any other instrument given by Mortgagor to Mortgagee, thrn all obtigationa secured hercby shall immcdiatdy becomr dut and payabk at Ihe option of the Mortgagee, and Mortgaga may forecbu this Mortgage in accordance with proccdures establ~shed by law, and have the Mortgaged Proporty sold to satisfy the ob6gations hercby secured. ~ 9. 1f Mor~gagor delaulls in any payment or the pe~formance of any agrament in any mortgage on the~longaged Property, or in the evrnt of any default in any ; such mortgage so as to cause such mortgage to be acceleratcd and become due and payabte duringthe continuanoe of this Mort~age, then the obligations securod ~ by~hisMo?tgageshallimmcdiatclybecomeducandpayabkattheo~[ionoftheMortgagee.Mortgagee,withoutwaivingitsopuontoforcclose,rexn•atheright 3 ~o make such payrtxnts or perform such agrcement, so as to maintain such mortgage and prevent a forec{osure thereof. Any and all such sums paid or expcnses incurrcd on behalf of ?he Mongagor by Mortgagee, togcther with intercst thereon from the date of payment at the highest nte of interat albwod by taw at the ~ ; time such payment is made shall be secured by this Mortgage and shall be immediately due and payabk without demand. ~ l0. This Mortgage shall eatend to and include all rents and profits of the Mongaged Property. In tiu event of foralosurc, the coun is authorizod to appoint a f recei~er for ~he Mortgaged propeny and to apply such rents or profits to the obtigations hereby secured, rcgardkss of the solvency ot the Mongagor or the ~ ; adtyuacy of tht security. . ` H.Theprocetdsofanyawardo~claimfordamagcs.ditectorconsequrn~ial,inconnectionwithanycondemnationo~othertakingofth~MortgagedPropeny.or ~ ~ pan thereo(, or for conveyana in lieu of condertmation, arc hereby assigned and shall be paid to Mortgagee. If the Mortgagad Proptrty is abandoned by ~ Mortgagor,orif,aftcrnoiicebyiNortgagcetoMort$agorthatthecondemnorofRrstomakeanawardorsettkaclaimfordamaga.MongagorfailstoraPondto Mortgagre within 30 da~s after the date such not~a i~ maikd. Mortgagee is authorized to colkct ard apply the proceeds, at Mortgaget's option, ather to S restoration or rcpair of the Mortgagcd Prope~ty or to the obtigations sccured by this Mortgage. ~ This instrument was prepared by. n~p~ y+, ~ 7 !y ; ~ ~.5,/Ya 830 E. OA D PA~tK SLVD:~ SUITE 105 7~~ ~ _ Fr. i.A IDRRDAL FL.~RIDA 3333~ 'r;~ ~~-~;c ~ ~~i~r~~ s FLOR!!)A HI IKev. ?i85) g~0 5 3 0 PA~O 9 6 7 ~ GCC ,.~,m~ s..}. _ - - . . r~: