Loading...
HomeMy WebLinkAbout0988 . ,1~ A(P7Jy Y-v Itll~ Ilrai 1 ~~ariMCl.a or~ ; ~ ~ ~ Lo~n No. 815919-6 ~ . R. ROBSIIVS ~ ~ WHEN RECOF+OE~ MAIL TO: S~ ' HOME SAVINCi3 oF AMERICA ~q P.O. BOX 7076 842883 PA3ADENA, CALIFORNIA 91109-7075 f 1 1 r ~ ADJUSTABLE RATE MORTOA~iE LOAN , ~ This Mortflage, made this 18ZH day of AtIC~IST 1987 , between # the Mortgagor, ~ E. C~ARIFS SEITZ Ai~ PATRICIA A. SEITZ, HIS WIFE herein celled Bor~ower whose address is 1118 PII~ AVF~UE S~ FP. PIERCE, FI.. ~ O 33450 i- and the Mortgagee, HOME SAVINGS oF AMERICq F.~l, a co~poration herein called LENDER, whose address is P.O. Box 7075, Pasadena ~ ~ California 91109•7075. ~ WHEREAS, Bor~ower is in,debted to Lender in the principal sum of 27, 000. 00 r • `IWFNNPY-SE~'VETI `PHOUSAI~ 1~ IVO/lUU DOllars, which indebtedness is evidenced by Bonowers Note of even date herewith(he~efn"Note'~, providing tor payment of principal and interes~ ~ NOW THEREFORE. BoROwer does hereby mortga~~ grant end convey to Lender the following described property located tn the ~ Counry of S'r. I~1CIE , in the State of Florida; IO?P 6, BL~C'IC 1, AI~ ~ WEST 10 ~EP OF IpP 7, BLOCK l, MARAVILIA (~OLF' PARK, ~CC~O~ING Z~0 TI~ PLAT Tf~R~OF, RDOO~ID IN PLAT HOOIC 5, PA~GE 43, OF ~ PUBLIC R'E700RDS OF ST. LiJCIE OOU[~fl'Y, FI~ORIDA. ~ ~7 ~ In .9-~y~"~O{ O xes ' f Receive-. • i. u~:~_. . :~~;y. - ~",0,~.; ..-vi1971. z - . i Y, ~c~~ „ ? l. _ , ,~it1 ~ ; , p-;~~:.. . i • t. L~c e, . ; Cierk C~rcu~t Ccur:, ~ Co. f9a. . , . . . i ~ 1 ~ . _ ' Together with all interest which Borrower ~ow has or may hereafter acquire in or to said p~operty, and in and to: (ea all easements and rights of way appurtenant thereof; and (b) all buildings, structures, improvements, fixtures and appurtenances now or hereafter placed thereon, including, but not limited to, all apparetus and equipmen~ whether or not phystcally aNixed to the Iand or eny building, used to provide or supply air-cooling, air-conditioning, hea~ gas, water, ligh~ power, refrigeration, ventilation, laundry, drying, dishwashing, garbage disposal or other service~ and all waste vent systema, antenna5, pool equipment, window coveringa, drapes and drapery rods, carpeting and floor covering, awnings„ ranges, ovens, water heaters and attached cabinets; it being tntended and agreed that such items be conclusivey deemed to be affixed to and to be pah of the real property that is conveysd hereby; and (ca all waterand water rights(whether or not appurtenanq and shares of stock pertaining to such water orwater rights, ownershipof which affects said property. Borrower agrees to execute and deliver, irom time to tlm~ such further instruments as may be requested by Lender to confirm the ilen of this Mortgage on any such praperties The properties mortgaged 9ranted, and conveyed to Lender hereunder are hereinafter referred to as "such property'. ~ The Borrower absolutely and irrevocably grants, transfers end assigns to Lender the rents, income, issues, and {xofits ot ali property Covered by this Mortgage. s , Bonowercovenantsthat BoROwer is lawfully seised of the estate herein conveyed and has the right to mortgage, grant and convey such ~ property, that such property is unencumbered and thet Borrower will warrant and defend generaliy the title to such property against ali claims and demands, subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any titie ~ insura~ce policy insuring Lenders interest in such property. FOR THE PURPOSE OF SECURINCa: tt ) Payment of the sum oiS 27, 000. 00 with interest therson, according to the terms of a promtssory note of even date herewith end having a final maturity date of SEP'IQ~BER 10, 2017 made by BoROwer, pay ble to Lender or order, and all modifications, extensions or renewais thereof. (2j Payment of such additional sums with interest the~eon: as may be hereafter borrov~ed from Lender by the then record owner of such property and evidenced by a promissory note or notes reciting ft or they ate so secured and alt modifications, extensions or renewals thereoF, or (b) as may be incurred, paid out, or advenced by Lender, or may atherwise be due to Lender, under any provislons of this Mortgage and atl modificationa~ extensions or renewals thereof. (3) Performance of each agreement of BoROwer contained herein or tncorporated herein by reference or contained in any papers executed by Borrower relating to the loan secured hereby. (4) Performance, ff the loan aecured hareby orany part thereof is tor the purpose of constructing improvemonta on such property, of each provtsion or agreement o! Borrower contained in any construction loan agreement or other agreement between Borrower and lender relating to such property. (5) The performance and keeping by Borrower of each ot the covenants and egreements required to be kept and performed by Borrower pursuant to the terms of any lease and any and all other instniments creatin~ Borrowera interest in or defin(nq Borrowers right in respect to such prope,rty. (6) Compltance by Borrower, with each and overy monetary p~oviaion to be per(ormed by B~rrower under anydeclaratfon of covenants orconditfons or restric~ tions pertaining to such property, and upon written tequest of Lender, the enforcement by 8orrowerof anycovenent to pay maintenance or other charges, if the seme have not been paid or valid legal ateps taken to enforce such payment within ninety(80) days after such written request ia made. At Lenders option, payment, with interest thereon, of any ather present or future indebtedness or obligation of Borrower(or of any successor in interest of Bonower to such property~ due to lender, whether created directly or acquired by absolute or _ ~ contingent assignment, whether due or noR ~ether otherwise aecu~ed or not, or wt?ether exiating at the?ttme af the execution of this i Mortgege or arising thereafter, the exercise of such option to be evidenced by a notice in writing to Borrower or any successor In interest of ; Borrower. (8) Performance of eIl eg~eements of Borrower to pay fees and charges to the LenderwhetheSor not herein set forth (9) Payment of chargea, as allowed by law when such charges are made~ tor any stetement regarding the obliflation secured hereby. SF-8853-4 (Rev. B- 3/861 ARM - PaA 1(FU 1 Of 4 Q R h I PAGf ~7~ . z--- __.~.f::s.. ~y__ - ~ _ ~ "