HomeMy WebLinkAbout0956 . ~usan m. n ers J
. ~~s',. , Ut~l~~~l~~IP'V (C~ED BY:
~ o es a m eac . nc.
~~T~TE c~F ~=L_.C7~IC~l-~ ~ 1870 Forest Hili 81vd., ~211
. , , - • ~ - • i. .
~ .
.
~ Account Number 60-4400009-1
P8 = fE611~ei .~t " s~. 0 n I IMORrTCiA~GE
=~~~21 , ~ ~ Richard L. Berg and
THISMORTOAflE m+~es.~- 6{~ aayor February ,~a 87 ,~~u,a,,,,,~~,Marie Berq~ his wife
whose aadross is
{herein "8onowsr'l. and the reortpapss, CITICORP QF I A ~avi Mtoa~on. a Corporalio~ orpanizsd and existinp ~
w~de~ the laws of the United States. wlw~e addreas is ~ ° - (herei~ "lender").
Thia Mortgps sl?~M ascwe (a) the ..t ir?debt~dn~ (ifen~ ot 8arrowsr to Lender. as avidenopd by thal caiain Equity Source Account Agreement and
Dieclosurs Statsment datsd ~e~ruary 6. 198~f (harein "Note"), wilh an inilial credit limil in the principal sum of lD
u.s. s a7~, ooe. nn ~,a • r~ ~c~~? a ro)•~,? sars~ a~,d ~w~e ~s ~y ~~o a«row~
pursuaM to ths Nrma of the Note. whether auch advanoes are obiiQatory or are msde at the oplion ol Lender (alt ol which are herefn rofened to as the "IndaM-
edness') up to the amount Ot the cxedit limit. As used herei~, the term "Note" includes u1y end a!I ranewais. replacernents, exiensi0~s. mOdifiCalions dnd
consoiidat+o~s of suGh Note. It is a~reed that any wma advanced by 4ender p~usuaM to Ihe terma of the Note, whethe? auch advances are oWigatory a are
mads al the option ot Lende?, a Whernise. at ary tims witNn Mre~b (20) Ysars hom ths dade of lhis Matgage. wfU? I~tereat theroon al ths ?ste agroed upon at
~ne sn,e a eaa, a~uo~,~ ae~ a aa~?a~ce. shaN be equaM~r aecurod and have piority trom the dals ot th~s Mortg~gs. snau ~~~o aa a u,e ~e~ms a~a
p~owsior~s ot a~ss tulongage. Tt+e ~ota1 amount or ~ndeweaness eecured by ws Morlgs~e may decrease «increass rrom time to t~ms. providee tnat a~e agp~e-
~e amo~?~ of inaea~ea~~ ~~n~ a~a ~~cured a~ any a~e c~me anaa na e~ceea a~s ~ndc~?i a~ a u.s. s_.A:4..D00- ~.0 ~~s
interest thereai a~ disb~NSert~eMa rt?mde tor the payment of taxes. levies o? inEUrance on Me properry oovered by thls Mortsage with iMerest on auch dis-
. bursementa, and provkfed hxther that it is understood and agreed that this future advance pra?isbn ahall nol be oo~strued lo obligate Lsnder to make any
such additionel loans or advances.
To secure t0 lender (a) the repayment of the Indebtedness and all renewals, extensions, modifications and consolidations thereot, with inlerest thereon; (b)
the payment at ail other sums, with interest thereon, advarsced in accordance herewith to protect the security of this Matgage; and (c) lhe performance of the
covenants and agreements of Borrowet under 1t~ls t~rt~ and under the Note. Bonow~er does hereby mort$age grant and convey to Lender the (dlowing .
described property bcated in the CouMy of 5 C. LU 1@ . State ot Fiorida:
~ y2~ ~
Lot- 9, Block 3341 of PORT ST. LUCIE SECTION 53, a Subciivision according to the Plat
thereof, as recorded in Piat Book 22, Page 20A of the Public Recorcis~ Af S,~. Lucie
County, Florida. Re•3„~ ~_`~`T~ ~v_ 1~ p y.~,••• Ya.
Du ~~n C' •s In' :ngble PEtsur: Pr.:
Purs~an~ To Chapter 71, 134, Acts O ~197q1.
. DOUGLAS DIXON, ~'f'J '
! wn~cnnas~neadd~essoi 2165 S.E. Dunbrooke Circie. uO~` ~O"~' S~' ~v
(sueN)
Port St. Lucie, . 33452 _ _
l~,l Izq code!
(herein "Property Address");
I Together with a11 the improvements now or hereaher erected on the property and aU easemenis, rights, appurtenances and renls relating to the property, aN of
; which shall be de¢~ned to be and remain a part ot the property covered by this Mortgage: and aN ot the toregoing. together with said property (a the leasehold
' estate if tAi~ Abrtgage is on a IeaseNoid) are Aereinalter referted to as the "Property"
~ Lender is hereby expreasly auU~orized at tl~e option of Lender to advartce aN wms nsoess~ry to keep any mortgage. deed ot tnfst or other secutity agreement
! with a~en which has parity over this Mortgage. if any. in good standing and aN auma so edvanced aha11 be subject ro the pravisior~s of oovenant 6 ot this
Mlortgage. Borrower agrees that Borrower ahall not make arry agreement with the holder ot any mortflage. deed d tnist or other securiy agreement withh a Nen
~ which has priority over this Mortgage. if any. which sha11 in any way rtadiy. change. aRer a extend am? of the terms or coMditions ot atx:h prior mOrtgages,
~ deeds of trusl a other secunty agreements. rwr sAaU Borrower request or accepl any luture advances under such prior mortgages. deeds of trust or other
i securitY a~eements, without the express written cor~sent ot Lender.
E 8orrower eovenants that Borrower is lawfuly seized ot the eslate hereby conveyed arxi has the rigl~t to morigage. 9raret. and corney the Property. and U~at the
P~operty is unerxumbered, excepl fa e~cumbrances of recad. Borrower coMenants that Borrower warrants and wiN defend generally lhe title to the Property
~ against all ctaims and demands, except those disclo~ed in wr+ting to Lender as ot the date of this Mortgage.
Borrorver and l.erider fiutl?er carenant and agree ss toNo~vs:
1. Payment ot Ind~b~sdne~s. Borrovrer st~aN prOm~y psy when due the IndeWedness 38CUred by this Mortgeg8 induding. withottt limitation. thel evi-
de~ced by the Note.
2. Wnds Mr Ta~as snd Irauranes. Borrowe~ shall promptly pay all taxes. 8ssessmeMS. levies. IiabiNties. obligations (including without limitation premi-
ums for insurance required by this MortgaQe)~ and encumbrances ol every nature on or vrrth nespect to the Property and it the seme are not pranpty paid.
Lender, its suocessora. tegal representetives, a astiyr~a. maY. but are no1 obNgated. to pay the sarne without waiving a Aftscting the option to forecbse or any
ri~t hereu~der. and every PaYment-eo made shal! become patt of the Indebtedness aecured hereDy, ahaN at the optan oi Lender becorne inunediately due
and payable and shall bear interesl ~ 1he maximum rate allowed to be contracted for by app~icaWe iaw, or if there is no such mauimum rate, at the ~ate of
~ eighteen percent (18%) Pe~ annum (Mfiichever dthe torepoin~ rates is aPP~icable shall hereinaftet be calleed ihe'Maximum Rate").
3. Prl~ Mort~ and D~sds of tn~st: Cha~es~ LNan. 8ortower ahap peAorm aN of 8orr~c~rer's obligations under any morigage~ deed o( trust or other
security sgreemeM wilh a fien which has prioriry over this Matgege. it any. including Borro~wer'a oovenants to make payment when due. Borrower shaN pay a
cause to be paid aN taxes~ aasessments and otl~er charyes. fines and impoaitio~ atVibulable W the Property rrhich may ariain a prioriry aver this Mortgage
and aN leaaehdd payments or grax~d renta. 'rf ary. ,
4. Hasard lmursnca. Barower. at Borrower'a expense. ahall kaep the irtiprarements now ex'~sting a hereatter erected on the Property insured against loss
by fire, hazards induded w+thin the term "e~ctended ooverage' and such other hazards as Lender may req~re and in such amounts and for such periods as
lender may require.
The insurante carrier pro~viding the ins~xance abaN be cbosen by Borrower sut~jeCt to approval by Le~der. Such ep~oval shall not be unteasonably withheld.
Ap insurance policies end renewats thereot shan be in a lotm aoc~ptable to Lender and shafl inctude a atandard rtwrtg8~ee dause in fav~ot of and in the form
acceptable to ~ender. lender ahaN have the right to hdd the policiea and renewals thereof. subject to the lerms ot sny mortgage. deed oi trust or other security
~ agreement with a tien which has priority ove~ this Mal~aga.
In the event of loss. Borrawer ahaN give pranpt notice to the insurance ca?riet and lender. Lender may rt?ake proof of loss it not made propetty by 8orrower.
~Unless Lender and Borrower ott?ervrise agtee in writing, insurance proceeds shafl be applied W reatoration or repair ot the Property damaged. provided such
reatoration a repair is econanicaqy faasible and ihe aecuriry oi this Mortgage is not thereby impaired. I( such restoration or repair is not economicaly feaaible
or it the seCUrity of this MOtlgege would be itr~aired. the itautanCe proCeeds ~he~N be epplied to Ihe sums secured by this Morttgage~ vrith the exCess, ii ar1y.
paid ro BorroMrer.
N the Property is abandoned by Borrower. or it 8orrower fails to respo~xl to Lender witf?in thinY (30) days (rom the date notice ts mailed by Lender to 8orrower
that the insurance carrier oNers to settte claim lor insurance benelits, Lender is authaized to oollecf and apply the insurance proceeds at Lender's option
either ro restoration a repair of the Property a to the sums secw~ed by th+s Mortyage.
Unless Lender and 8orrower othervvise agree in writing. any such app6CaHon ot proceeds to prinapal shall not extend or postpor~e the due date of Me moMt~?
instaUmeMS due under the Note or under any other ob~gation securod hersby or chanDe the amo~mt of suCh instaNmeMs. If under paragraph 18 hereot the
Property is acquired by LerWer. aN rigM. title snd intereat d 8orrower in and to any insurar~ce poicles and in and to the proceeds thereot rewkirp irom dam-
ages to the Property prior to the sale a acquiaition ahall pass to Lender to the extent of the sums sscured by tfds Morlqage immediatey prior to such aate or
soql~siti0n.
5. PretervaUon and Ma1Man~~ of Propert~l; L~ewfabs: CondornlNu~n; PlanrNd UMt DwNoqnsMS. Borrower ahall keep the Property in good
- repair and shall not cOrt~mit waste or permit impalrrt~ent or deterioration of the Properly and sheN comply with the proviaions of any lease N this Mortgage is on a
leasehold. If U?is Mortgage is or~ a unil in a co~dominium a a plar?ned unit development, Bor~o~wer sbaN per(am aN of Borrowerls obligations weder the decla-
ration a cavenanu creating a governing the condominium or planned urwt devebpment. the bylawa and re~uiatans of tl~e condominium a planned unit
devefopment. and oo~stiluent dacurt~e~ts. -
6. Prot~ctian of Lende~y Sscurlty. N Barower tails to pe~form the oovenants and aQreerneMs oontained in lhis MoAgage. of it any ection or procesdinp is
. carnmer~ced which n~eriaNy aHects t.ender's interssl in the Pruperty, then Lsnder, at lsndsrh option. upor! notice to 8omower~ r?~aY make wcl~ appearar~ces.
disburse wCh stxns. inctu4Mg tes~onabb ettorneys' lees and telce such sCtion es if~ ~tary Ib Droted ~i~ ~ ~O
(6~88)
- - •
.
_ --.N
. _T` , . , - -
_ _ ~
: ~ • , . _ ~ _