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HomeMy WebLinkAbout0928 ~ ActouMNumOec__1177r~6-8 ~~V~ S~ I° MORTQAGE Cretlitw/Secured Party (Name and address): Customar-Oettor(s) (tJ~mea snd addreas): 01her Customa-Debta (Name and eddres3): Blazer Financial Services, Elbert Starr lda Starr Inc. of Florida 609 N 18th St. 609 N. 18th St. 2506 S. Federal Hwy Ft. Pierce, F1. 33450 Ft. Pierce, F1. 33450 ~ Ft. Pierce, F1. 34982 In consideration of a loan in the principal amount oi ~ 1328 • 28 to the undersigned Customer-Uebtor(s) evidenced by a Note of - this date, providing for monthly inslallments of prlncipal and interest with the balance ol the indet,tedness, ff not sooner paid, due and payable on KnvpmhQ,r 6~ 199n , and executed in conjunction with this Mortgage, and other good and~valuable conside~etion, the undersiqned NIO?tgagor(s) (which term shall inClude Customer-Debtor(s) and other Mortgagor(s), their heirs, executors, administrators, legai representetives. successors and assigns if anyj does hereby mortgage, grant, bargain, sell, alien, remise, release, convey, and confirm to the Creditor (which te~m sha11 include successors and assigns] in iee simple, all the ~ertain tract ol land of which the Mortgagor(s) is(are) now seized and possessed, and in ~ actual possession. situated i~ Counly, Florida, described as lollows: LOTS 4, 5, AND 6 BLOCK 1 SHAFBRS SUBDIVISION, AS PBR PLAT THEREOF RECORDBD IN PLAT BOOK 7, PAGB 26, OF THE PIJBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA. ~ ~ n ~ /3aF Re=e+vc~~ S ._.~6~a_~+~- In Paymenf O! ~azes R-, ~ ~ `J ~ ~ ~ ~ R' ~ ~ l ` puc On C~-~ss ':~~~'n~~ble Persanal Property, " t 'er 71 134 Ads OI 197L DOGl1MENTARY~; .~~;,STAMP TAX ( Purs~an 1o C p . . `V DEPT. OF RSVENUE~ 1 Dc~I~C,L.:S DiXON, ~ `Y' •87 '~3--~'; = U I ~ ~ C1e~k Circui! Courl, SI. Lutie, Co., f~a. _ pg = NOV1; ~S ' in ry5 ~ 10~25 _ ~ which has the address o1 b09 N. 18th St . , Ft . Pierce ~ , Florida 33450 (Street) (City) (State ~ 2ip Code) Together with all structures and improvements now and herea(ter on the land and the tixtures attached thereto, together with all and singular the ter.emants, hereditaments, easements, and'appurtenances ihereunto belonging or in anywise sppeneining, and the rents, issues, and profits thereof, al~ the estate, right, title, inierest, and all claims and demands vrhatsoever, in law and in equity, of the Mortgagor(s) in and to tha same, and eve?y part and parcel thereof, and all (ixtures attaChed to the premises herein described. To have and to hold the same, together with the tenements, hereditaments, and appurtenances unto the Creditor, in fee simple. Mortgagor(s) covenant(s) with Creditor that Mortgagor(s) is(are) indefeasibly seized with the absolute and tee simple title to the premises herein described and possess full power to setl, convey, transfer and mortgage same; that the premises herein described are free from all encumbrances nol specitically described hereinbelow: that Mortgagor(s) will make such turther assurances to protect the fee simple title to the premises in the Creditor as may reasonably be required; th~t Mortgagor{s) hereby iutly warrant the title ot the premises and wilt deter~d tha same against the lawful ctaims of a11 persons whomsoever. This Mortgage is given as security for the payment ot the loan referred to above and all renewals. future loans, a~d advances made (consistent with paragraph 18 herein) (rom the Creditor to the Cugtomer-Oebtor(s) plus interest and charges thereon, and any disbursements made for the payment of taxes, assessments, levies or insurance on the property covered by the lien, with inte~est on such disbursements at the rate specitied in the _ outstanding note secured hereby at the time of such disbursement, and the Mortgagor(s) agree(s): ~ 1. To make all payments required by the described Note and any renewals, luture loans, or notes secured by this Mortgage, when Aue. 2. Subject to a waiver by Creditor, Mortgagor(s) shall pay to Creditor on the day instalments ot principal and interest are payable under the Note. ' until ihe Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may atlain priority over this ~ Mortgage, and ground rents on the property, if any, plus one-tweltth of yearly premium instalments for hazard insurance, plus one-twelfth of yearly premium instalments tor mortgage insurance, if any, all as reasonabty estimated initially and trom time to time by Creditor on the basis of - assessments and bills and reasonable estimates thereof. ~ The Funds shatl be held in an institution the deposits or accounts oi which are insured or guaranteed by a Federal or State agency. Creditor shatl apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Creditor mey not Charge for so holding and applying the i Funds, anelyzing said account, or veritying and compiling said assessments and bills, and Cteditot shall not be required to pay Mortgagor(s) any interest or earnings on the funds. Creditor shalt render an annual accounting of the Funds showing credits and debits to the Funds and the purpose ; tor which each depit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Mortgage. ; - II the amount ot the Funds held by Creditor, together with the future instalments of Funds payable prior to the due dates ~t taxes, assessments. - insurance premiums and ground rents, shall exceed Ihe amount required to pay taxes, asseasments, insurance premiums and ground rants as they i lall due. such excess shall be, at Mortgagor(s) option, either promptly repa3d to Mortgagor(s) or credited to MOrtgagor(s) on instalments ot Funds. Ii the amount of the Funds held by Creditor shall not besuffic~ent to pay taxes,assessments, insurance premiumsand ground rentsastheytall due. ~ Mortgagor(s) shall pay to Creditor any amount necessary to make up the deficiency within 30 days (rom the date notice is mailed by Creditor to j Mortgagor(s) requesting payment thereof. ; Upon payment in tull of all sums secured by this Mortgage, Creditor shall prompily retund to Mortgagor(s) any Funds held by Creditor. If under ~ paragraph 6 hereol the Property is sold or the Property is otherwise acquired by C?editor. Creditor shall apply no later than immediately prior to ihe sale ot the Property or its acquisition by Creditor, any Funds held by Creditor at the time of application as a credit against the sumssecured bythis ~ Mortgage. 3. Unless applicable law provides otherwise. al l payments received by Creditor under the Note and paragraphs t and 2 hereot shall be applied by ~ Creditor lirst i~ payment ol amounts payable to Creditor I~y Mortgagor(s) under paragraph 2 hereot, then to interest payable on the Note, then to the principat ot the Note, and then to interest and principal on any Future Advances. ' 4. To keep all buildings situated now or erected hereafter on the described real estate insured against los3 by fire, tightning, windstorm and other ~ hazards, casualties and contingencies, in a sum equal to the amounts secured by this Mortgage. lf the~Mortgagor(s) shall not do so, the Creditor may do so without waiving the option to foreclose, and the cost thereol shatl also be secured by this Mortgage. Any amount so paid by the Creditor ~ sha11 be due and payable on demand. Should loss or damage to the premises occur, Mortgagor(s) shall immediately notity Creditor. If any sum becomes payable under such insurance, the Creditor may apply it to the indebtedness secured by this Mortgage, or may permit the Mortgagor(s) to use it for other purposes, without impairing the lien of this Mortgage. 5. To pay attornay's fees (including attorney's fees which may be awarded by an appellate court), and other costs, charges, and expenses reasonably incurred by the Creditor to entorce in law or equity any note or agreement secured by this Mortgage or the terms and provisions of this Mortgage. 6. II any payment provided lor in a note secured by this Mortgage is not paid when such payment becomes due, or H any agreement in this Mortgage is breached, the unpaid balances of all indebtedness secured by this Mortgage shall become immediately due at the option oi the Creditor, less only such credits and re(unds as may then be due Mortgagor(s), and the Creditor mey foreclose this Mortgage in the manner provided by law, and have the mortgaged property sold to satisiy or apply on the indebtedness hereby secured. 7. The rents and'profits ot ihe described real estate are elso hereby mortgaged, and if proCeedings to foreclose this Mortgage shall be instituted. the court having jurisdiction thereot shall appoint a receiver ol the mortgeged ptoperty, said appointment shall be made by the court as a matter ot j strict right to the Creditor and without reterence to the adequacy or Inadequacy oi the value of the property hereby mortgaged, or to the solvency or ; insolvency of the Mortgagor(sy, or any other party defendant to the suit. Mortgagor(s) speciticelly walve(s) the right to object to the appointment af Z such a receiver and consent(s) that auch appointment shall be made as an admitted equity and 86 a mette! O} absolute right to the Cteditor. 8. Any detault in the payment of a lien or mortgage to which this Mortgage may be aubject shell be, at Creditors option, (or all purposes co~sidered a default hereunder. If foreclosure proceedings should be instituted against the propertyCOVered by this Mort~age upon anyother lien or claim whether alleged to be superior or junior to tha lien ot this Mortgage, the Mortgagee may, at ita option, immediate~y upon inslitulion ef such - suit or during the pendency thereol declarc this Mortgage and the indebtedness secured hereby due and payable forthwith and may, at its option, proceed to Ioreclose Ihis Mortgage. 9. Mortgagor(s) shall pay all taxes, assessmenis, and levies which may accrue on said real property. In detault thereol. Creditor may pay same, w~thout w~Iving lhe option to toreclose, and all sums so expended by Creditor shall beCOme part of the debt secured, with interest, and shall become due and payable on demand. 10. Mqrt9agor(s) shall not waste, negleCt, or fall to properly maintain said property, and in the event this agreement is not kept, the Creditor may, ~ at its option, make such repairs or cause same to be made. and alt sums so expended by Creditor ahall become patt oi the deb! secured. with ~ intereet, and shall become due and payable on demand A ~ o~os-~o (F~o~~oa> ~s ~ ~BpOK ~~`t PACE 927 f r. _ ~.~"~~l~"~~= _