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• 1~0~ ~'GA G~ T D S1~Ct/1~~' 1VaT'~S 13 .
- • FLORIOA ~$149~98 '
THIS MORTGAGE, m~cN this 13th day ot ~ j~grrh ~ ~g~~
by Glouriateen Jones ~
of 25~ AYP.._..P~...~Sr _ T~~~±p,._EiI~BT~A , Florida, henin~fter cali~d Mott~tpors,
to Rentucky Finance Co•, Inc. Ft.Pierce, FL
3215 S. U5 1 Ft.,~,@~Ce. ~ heroinafter caU~d M~t~age~;
WITNESSETH: In considK~~ort of the princip~l sum set out in the promissory note of even date herewith herein~fter d~scribsd, ~ind
for other valuable co~siderstia+s, the Matgagars do hereby yr~nt, buspin, :ell, ~tn. ~smi~e~ relea3e, convey ~nd cor~firm unto Mo?t~e,
its wa~euors snd usiqns forewr. !M foitaltinp desc~ib~d P~~~N. situate in LuCr County, Fiorida:
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Int 14 Block 306 Pt. St. Iucie Sectian 1~rn r.~
according to Plat thereof as recorded in Plat
8ook 12, gagee 12A thro~ 12D of public
recorcls of St, Iucie Camty, Floricie
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r. -r- n-r- r t"• ! r'1 C'f !!"1 l\ ~ S~ ~ g- - i~ u'sttt_ O~_ T0Xe5
~ 1 H r- v r-t ?-1 Recsived S r----- -
~ = DOCJMENTARY~ -.;~STAMP TAX ( „
~ r:z°= Due On tlass C Intnng~ble Person~l Properh?.
~ - ~ DEP7. OF REVENUE
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~,s!~ ~ 4. Duisuani To Ch:€~~ ' l~~
-<i; t__ - PB = MAR1J'81 ~~~!~r`~_ pOUGLAS D~X~N,
= t0523 ~ ~ ~i~~ ~
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TOGETHER WITH all snd singula~, the airnrt»nK, h~reditaments and appurtensnces thereunto belonging or in ~nywise appertainir?9
and also sll buildingc, s~res and othar imprav~nb now or h~n,fte~ situste thereon.
TO HAVE AND TO HOID in fes simpfe tM aban qr~nted snd described pramises unto Mortgegee, its waesson and auigns fonvef. .
The Mortgagors hereby covenant with Mortgsy~t ~st they are indefeasibiy ssized of said land in fee simple; that the Mortga~s have
fuli power snd lawful right to convey tfie san~e i~ f~t simpN ss aforesaid; th~t it shsll be Iawfui fof Mortg~ges, its wcossson ~d ss~i~ru,
at sll times peac.~ably and quietly to enar upon, hqtd, Qvcupy snd enjoy said tand and every paK thenof; that ~sid land is fnf frcro s11
encumbrances; thst ths Mortqsgors wiil ~make w~h ~d~r assurances to perfect the fee simple titit to ssid I~rtd in Mortgp~, its
suoassors snd auigns. as nwy ressonably be requind; ~nd thst the MortgnAOrs do herobv fuily wirrsnt the title to a~id I~nd ~~wrv ,
put thereof snd wilt defend the same agsinst the Iswfu! cl~ims of sll pena+s whamoever. ~
PROVIDED ALWAYS, that if the Mortga9ors shall: (1) wY unto Mortgsgee thst certain promissory note, execuud by ttum con~
aRentty hereoivith, in the principal wm of ~entv~~ h~nldred ninety six and $1/100 Oollsrs
(S 2796.81 1. ptus interest d:eroo~, being paYable in montfily instsllments of S 1~-~ each, the first insWllment due on
the day of - 19 ,~nd sn additional inst~Nment to by paid on the dsy of each wcoeedin~
month thereatter lor on the la;t day of sny wcceeding mOnth with hss no such dsy) until said sum has been psid in tull exapt th~
final insta~lment shall be the balance due snd (2) pt~form all the covenanb and conditions of said promissory note and any rtnewat,
extension or modification thereof, and of this mortg~ge, then this mortsags de~d a~d the estate created hereby shall cease and b~ null
~nd void.
The Mortgagsrs further Govenant and agee to and with Matgsgee:
1. To psy promptly the principal sum and othtr suma of money payable b1r virtue of taid promissory noa and of this mortq~qe.
- 2. To pay all tfie taxes, assessments and encumbr~nces of every ~sture now on said ~escribed property, or that hKeafter may as levied
h
ar ass~ssed the~eupon, when due and psyeble before they become delinquent, and before any interest attsches or a~ty penaity is~incurred
j snd p~ompdy furnish Morcgagee with proof of paym~nt therefor. .
~ 3. 7o plsce and continuously keep, on the buildings now or hereafter situste on said Is~d, fire and extenckd coverage iniurmce in an
smount of not less thsn the amount which msy from time to time b~ specified by the Mortg~gee, in wch inwrance company ~3 msy be
spproved by Mortgiges; provided, however. lhat if Mortqpee shatl st any time be obliqated to malnqin fire and e~r~erded covtrs~e
insursnce on uid buildiny~, the Mwtg~gon shalf b~ excus~d from performsnee of this obli~atio~ to tfie extent of any wch dupliqte
coveraQe. All inwrance policies of the Mort9agon sh~tl contsin the uwal sts~dard mortgagee clause making the loss under ssid policits
psysble to, Mortgsgee as its interest may appear; and every sucfi policy and sll renewals theraof shall be prompdy deliv~rad to snd held
by~lli~gee;-taQether wiih-a receipt for the-premium-theraon. Mort~gee shalt have-the-rigtsrta edjustwith-tl~tr~r~ ~n~ to~ u~d~r
~nysuch pdicy, snd any such adjusV»ent shall be conclu:ive on th: Mortgagors. Martgagee shall have tha right to recsive and coilect all
pc~eeds paid on any cfs+m under a~y such policy, to endorse the Matg~gors' nsmes to a~y cfieck or other instrument of p~yment, snd
to y such proceeds in payment of any amount due under this mortga~e and the note secured hereby and any expenses incxirred by
Mort~gN in procxssing any clsim under sny such policy. Mwtgagee sh,U psy to the Mortgsgort the balsr~ce of fhe procesds, if s+ny, r!-
msining after the aforessid deductions. Nothing contained herein shall impair or abrogete the right of the Mortg~gors to procure
inwrance from an agent or company of their own ulection as prov+dtd in the insur,nce I~ws of tfie state of Florida.
4. U connection with ~ny litigation to enforce the terms of this ~greement, the prevailiny party shall be entitted to recover all costt,
includin9 but not limited to, a reasonable sttorneys' fee and cost of abstracts of title.
5. To permit. commlt or suNer no waste~ Impalnnent or deteMorstion of ssld pn+perty or any part thereof~ ta kessf Rnd malnt:ln t~c
same. Includln~ all bulldlnqa now or hersaftsr sltuat~ on sald premlass~ In Sood condltlon and repalr. and promptty to mak~ arM perform
at the Mort9a~ors' own sxpsnss, such npalrs and mslntenancss as Mori4agee may from tlms to time nqulrs~ fnlortqapes belnq hersby
msd~ tt~ sold ~udqs of th~ n~c~safty t~ofor. Wtthout Ilmftin~ the Qensrality of the foreQotn~~ ths Mortqapors shal! cwss sll such
bulldings to bs palnt~0 not I~ss aften than onca In ewry thre~-year parlod. r~
6. I~ the sv~nt the Mortqapors shall talt to comply wtth any cownant contained in puaqrap~s 2, 3,1 or 5 herwf~ Mort aq~ may
a
(but shall Aave no obllpatlon to) periorm such cov~nant on behalt ot ths MortQa~ors and th~ full ~mount of w~ry paym~?t in by Mort-
~ In such con~ectlpn shall bsqr int~est at the hl~heet lawtul contract rate trom tM dats ~a pal~ and sAall ~~cur~d by the Ilan of
thb mOrtQa~~. ~ ~s i, . 3.; ;
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