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Home My WebLink About0963 Rett:r>? t.^.: ~~~`!v • ~~M#Q Df ~jpXi~tt MORTGAGE DEED t:::.: ~ ;"~t~ Cu^~~~ATtON i.,~ r;~k Sc~th FiUh Floar ~oun~~ 8582Q4 L. •~~~~o Eilft~ll,~~+lalll, NL 35243 THIS MORTGAGE is msde this 10 day of y 19~, betwan VIRGTNIA BARRON S i ~ ~ihe ~Mo ~a~'l. whax ~ddress is 2608 STERLING COURT. FT. ,PjEj~',~,, ,ORTDA ~~450 , LOMAR INDUSTRIES INC. .M~~.~, ~ M~nose aaa~ess ~30 E O~KLAND PARK BL.VD Fr A mF.RleA1.R ~ Ft.nRTnA ~,~~'~4 . WHEREAS, Mortp;or is iedeMed to Monp~ee in the principal ium of SEVENTY ONE HUNDRED AND OO,L100------ li 71~• ~ ) wAich indebtedaess it evide~ced ey Mortp~or~ aote datod JtJLY 10, 19 87 (the "Note'y, the fin~l - paytr.ent of which, it not sooner paid, is due and payable on ~T~BER 29+ • . ,19 94 TG vbCURE to ;ej ?_x~+M+~ ~r ~~e~~a~ evidenced bv the Note. with intercst theceon, the payment of ali oiher sums, with intercst ~hercon. adva~ecd in aaordanee her.witl+ io protat the aeeurity of this Mottga~e, anef ~he periora~ance oiine co~n.au ar~ s~-~~s~ ~i ia~c~i~~c i~is: conaine~. nnd ~b) ~epayment ot any futurc ~dvanca, with intercst lhercon, made to Monpgor by Monpaee punwnt hercto. Monp`or das hereby moNgage, gram ~nd convty to Monga~er the foilowin` described propeny located in the County of ST. LUCIE , Seate of ~lorida: ~ . , S io r I~OT 331, SHERATON PL,AZA, UNIT FOUR, REPLAT, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PI,AT BOOK 16, PAGE 18, OF THE PUBLIC REC- ORDS OF ST. LUCIE COUNTY, FLORIDA. v 7if~/ ~ r- =~TA`TE F"L.C~~c~DA i~ Reteived S~~' ~ In Payment OF TaxM DOCUMENIARY - STAMP TAX ~ 11 l Q S N `~i~ \ ' ~ua On C~ass C~ Infang+ble Pe~sonal Propert~? l~ C?EPi.Oi REVF(VUEj . ! ~ Purs~anl Tc f.Fa~:~r 71, 134, Ads Of 1971. K~; ' NpY~2'Q, 'l .}ts: ,r` D~ ~ = pg ^ . ~OUG~.Aa V~':GV, ~r,523 ` ~ ele~~ ec«u~~ =ouTc; s~. ~~~ie, ca, f~a PRiNCIPALA~~90Uid I~G~ r Ot~ CGitSi;; c~:,'ti. i:1i~ 1S TOCETHER with all the improvtmrnu nowor heratter erected on the property, snd sll essements. riahts, appurtenanoa. rents. royalties. mineral. oil and p~s righ~s and prof ts. water, water nehts, and water stoek. and aU tnctura, equ~pment and anchinery no~r or herafter sttachod to the propMy, all of which, including replaoements aM additions thereto. shatl be deemed to at and remau~ a part of the Q~openycoverod by this Mortgsge; ud all of the forcgoina, together with sid property arc hnein rcfc~rcd to as the "Mongaycd Property.' MORTGAGOR COVENANTS WITH MORTGAGEE AS FOI.LOWS: That Mortg~gor is lawfully seizod ot the estate hereby rnnveyod and has the right to mongage. grant ~nd convey the Monga~ed Property. and that Moctgagor will wamM and defend tho titk of the Mortgaged Propeny against all cbims wl~tsoever. 2. To make promptly ai! payments rcquired by the Note and tha Mortgage ss such obligations beoomc Que. 3. To pay promptly when due all taxes. auessaxnts. liens and encumbranas oa the Mort~agod Property and to furnish promptly to Mortg~~ae rooeipts evidenang such paymenta, if Mongagee rcquats. Mortpgw sha!! pay to Mortgsgee in addiuon to eacb rcgulsrly schedukd paymcnt of the Note an smount , sufficirnt to pay ali tsxes, assessments, lKns, encumbnnca and insurana premiums m advana of the due date of such paymenu. 4. To Icap thc improvements locatad on the Mottgaged Property insutcd a$ainst dama~e by fue. G~tning, windstorm or other asua{ty, in a company or oompania satafaaory to Mortgaga. Mongagee shall be namod ss a foss pa~+a in said pol~cy. If any sum becomap~yabk unacr wch insunna poLcy, Mort~ega may either apply it to the indebtedness sesured b}r this Mortaaae, or, m Mongaga's sok discretion, permit th~ Mortgagor to use it for other purposes, without impainng the Ikn ot this Mortpge. S. To permit, commit or suffer no wute, impairment or cleterioration ot thc Mort6aged Propeny. 6. To pay aif expenses rcasonably incurrod by Mortgaga boause of failure of Mongagor to timely comply with Mortgpgor's covenanu and agrcemrnts in the Note or this Mongage, induding, but rat timited to. rcuonablt attorney's fces, rosa and abstncts and all espenses of foreclosure. 7. I( Mon~agor defautts under any of thecovenants oragrcemcnts in this Mortg:ge. Mortgagee, withow waivin~ oraffcctingiu option toforalose, may pcrform any of such covenants or agaments on bohalf of Mortgagor, and any and all such:ums or expensa paid or incurrod in oonnection thercwith by Mortgagee w~th interat thereon from the date o[payment at the highest rate albwed by 4w at the time such payment ~s made.:hallalso beucured bythis Mortpgeand shaU be immed"utcly due ar~d payabk w~thout demand. 8.1f any payment providtd for in the Note or this Mongaar be not paid u and when it baoma due. or if any of the Mortpgor~ covenants and( oragrocments in ~his Mortgage other than for the pa~rment of money arc brcirhod or if Mortga$or shaU mate any assianment for the brnefit of eroditors, or shouid a reai~Y~, liquidator. or Inutee of Mortpgor s property be appointed, ot should sny pet~t~on !or reliet under any provision of tFx Federal Banktuptry Code u mw or Ix rafter in ettea be fikd by or against M ort$agor~ or a ny endorser or gwrantor ot the N ote be adjudip[ad a bankrupt or insotvent, or if tbere shaU be a brcach or violation ot, or defauh in, any of the warrant~a. cove~nts or saraments on the pn of the Mortga~orcontained in anyotherirut~umrntgivrn by Mongagor to Mort~aaoe, then all obliaations secured hercby shall immod'utely become due an~ payabk at the option of tt~e Mortpgee aM Monpaee may forccbse this Mortpae in accordanoe with proadura establ~shed by law. and hare t6e Mortgrged Propeny sold ta satisfy the obG~itions hercby securod. 9. If Mortg,~gor de[aults in any payme~~ or theperform~noe of sny aarament in any mortgage on the Mortga~cd Property, ~ in tAe evrnt of any defauh in any such mortpge so u to cause such mongaae to bc:coeleratod and b~come doe a~sd payabk dunng tht continuar~oe ot this Mort~se, then the obligations securod by Ihis Mongage shall immediatety Daome due and payabk at the option of the Mortg~get. Mongaga . without waiving i1s opUOn to torecbse, reserves the right to tnakc such payments or perform such sgreement, so as to maints~n :uch mongage and prcvent a foreclosute thersoL Any and aU wch wms psid or expenses incurred on behslf of the Monaaaor by Monjsaa, t~ogether with interat thereon from the date of payment at the hiAhest nte of intcrat albwod by hw at the time such payment is madc shaU be saurcd by this Mangage and thsll be immed'ately due and payabk without ~mand. 10. This Mortgage slall extend to and include all rcnts and profits ot ttx Mortgaaed Propeny. In the event of [orxlosurc, tlx coun is authorizpi to appoint a receiver for the Mortp~ed Propttty and to appiy such rtnu or prorts to the obligatiora hereby saured, regardku of t6e solvenry ot the Mongaaor or the adequacy of tbe aecurity. II.Theproceedsofanyawardorclaimfordamages,directorconsequeAeial,ineonncctionwithanycondemnationorothcrtakingoftheMortgsgWPr n .or pan tAereof, or tor conveyana in litu of condcmnation, ~rc hereby assigned and shaN be paid to Mongsgse. If the Mortgagad Property is aband~oncdy by M atgsgor, or if, sfter notice by Mortgsga to Mort~agw that ttK condemnor offers to make an award or settk a cla~m fordamages. Mortgsaor (ails to respond to Mor~g~~ee wi~hia 30 ~ys after the date auch notwe is raaikd, Mongs~ee is authorized to colkct and appty the ptaeMs, at Maip~ee~ option, e~ther to rcstorauon or cepair of the Mqn~aged Property or to tht obligations secured by this Mortgage. This idstrunf~.y~ ~ e~ ~1id R i~11~E~8~E. ~ 333~/ gooK 564 962 FLORIDA NI (Rev. 10/82) ~ J n~~~ . ~ ~ ` ~ ~ . _ ( 0 . ~ J'~ , - _ _ . ~ _~r ~•~.._~:,~,.r . _ . ~.~..~.._._~._~~...i_ ~ ~4