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- ~fMtE ~ ~jttxt~M M4RTGAGE DEED r~~- A. ytpp
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THIS MORTGAGE is made thu da f ~
19 ~
7____, betwan
(W~e "Monpior7. ~
wfiose addrcss is ~P 3~ ~Yb 0(
• ~ ~
a~d (tAe'Mortpja'~.
whose addrcu is
WHEREAS, Mott a ~ is indebted to Mon "OJ
t to p~ee in the princi~+sl sum of , p~yR
(S av a which indebted~u is evidenced ey Mortp=or~ eote dated 19..$..Z,_ (the "Nae'~. the final
payment of whieh, if eot sw~;:,: i,:~. is due and payable on NOt/ Sy'~1 ~ 19~_
TO SECURE to Monpase the rcp~ymeat of indebted~ess evidenad by the Note. with inurcu thercon~ the p~yment of aU other sums. with intaat
~ ~a:. D:ry ~:'~~.wu.w nf ~I.. ~nw~aeh ~M lerecnfmis Ol MOtl~~O~ 11tt'l111
t rcon, sdvanad in ~aeraana hertwith eo 1~R, ~pi ~i1Y71~ VI ~UA n~w
canained. And (b) repayment of at~y iuawc -scii~~~. =~r~, !c~ INn~.~~or bv Monn~ee punuant haNO. Monp~e~ das hereby
mnngage, araat and eonvey to Monp'ee the followin~ described propeny located in the Ceanty of ~/C~ E~, . Sute ot Fbrida:
t" ~~PIPA~o ~+~F r~ 7'
N o j~. ~ ~ l~ ~
~ .
oRd,~~ ~ ~h~ ~1~~' ~`1,~0~ ~.S ~.~roP~~
i~ p~~7` ~1~0~ a d t, ~.~1~c
~
~7``P~~~S Q f` .S c~c,~ ~'o~~'T I`~R~d~,
s o . ~ ~ y
Received S~0 v In ~a~
~t Of Taxe~
Due On Class "C" lntangibie Persona! Properir. PRINCIPAL Af'r10Ui+tT O`t i.Q~;,"~~p~~;;iTj0~1 1$ ~ C~'U~•
Pursuan~ To Chapter 71, 134, Acts 0 i971.
DOUGLA5 dIXON, ~ ~
• Cterk Circuit Court, St. Lucie, Co., fla~l
~
~ 'TQGETH ER witA aU the uaprorrmrn4 rww oi heratter erected oa the property. and all axaaenu. ri jhu, appurtenaaoa. rcnu, royahies, enineral, oi! tad ps
riahts and pr~ts~ wate~, Mater nahu. and water sioek. and aU fixtura. equipmea! aod m~chiaery noN on c~rafur attact?ed to t6e propMy, all of whicd.
= inctudia replaoemen~ aad addition~ thercto. shaa be ~amed to be and ranan~ ~ part ot t6e property covered by this M atp~e; and all of the torc~oin
j. w~ether
i .
€ with sa' propeny arc dercin eefernod to u tde'Mortpyed Property.'
~ MORTGAGOR COVENANTS WITH MOR7'GAGEE AS FOLLOWS:
{ 1. That M ortpaor is lawfully seized of the esute beroby conveyed and has the ri~ht to nwrtaa je. ~rant aad ooe the M ort
w~ili aramnt and deknd the titk of the MortPt~ ~~Y ap6ut aii ciaiaa w~~tsoever. ~Y Pi~ ~~Y.and tbat Mortptor
2. To make promptly all payaxats nquired by tde Note and this Mortp~e s such ob6ptioua beooa~e due.
~ 3. To pay promptly wl~n due all uxes, assessanents. liens aad encumbraaas oa tlie Mort$a=ed Property ud to furnish promptty to Mortg~~oe rceei
t eridenang such paymcnts. If Mortaa~ee rcQuau. Mortgagor shall pay to Mortp=ee ia addition to ac6 ~etubrly scheduled p~ymeat of the Note an amou~nt
E wfficirnt to pay all taxa. asxssmeat:, lieas. encumbranca and iasuranoe prcmiums in advance of the due date of such paypacnts. '
j 4. To keep the improvemeats locsted on tbe Mortp~ed Property imurod spinst damaye by fue. lishtaina, windstorm or other asualty. in a com
~y or
E oompanies wtisfictory to Mortaajce. Morep~ee shail be named as a lou payee in :aid pol~cy. If any swn becoma pyabk under wch insunnce bcy
; Mortp~oe may either apply it to the ~ndebtednes: securod by this Mortpse. ar. in MortpaoeY soie discrction. permit the Moriga~orto use it for othe~ purposes.
k withou~ impainng the IKn of this Mortpge.
S. To permit, commit or wffer no wasu. irnpsirment or deteriontion ot the Motipaed PrapMy.
~ 6. To pay ali expenses rcasonably incurred by Mortpaoe because M fiilun ot Mortaator to timely compiy with Mortp~or~ eovenants ard agrecmrnts in the
~ Note or tha Monpge. indudina, but not limited to, rcasonsble attoraeyY fees. eosts aad abstruts and all expaua of forcclosurc.
~ J. if Mortgsaor defaults w~der any of ths covtnsnts or syrcements in this Moriga~e. Mortgaaa. without waivin; or affccting its optioa W foreclose. may periorm
; any of such coveoanu or agraments on beAalf of MortgaEor. snd any and all such surm or expensa paid or inarraf in connaiion therewith by Mortgaga with
~ inurat ihcrcon from the date otpayment at the highest rate albwod b~r Mw at the time such payment is made, shall slso be socured Sy tha Mortgage ard shall be
4 immodiately due and payabk w~thout demand.
€ 8. If any payment providod for in thc Note or this Mortgaae be not paid as and when it beeoma due. or itany of the Monp~ort covenants and/ or a~raments in
~ ' this Mortgsge other than for the pa~ment of money are brea;hod or if Morip~or shatl malce aay assiaament for tbe beaefit of crrditors. or shouW a roai~+er,
` liquidator, or trustee of Mongaa,oi s property be sppointed. or should any petn~on for rclief under any provision o( tbe Federal Bankniptcy Cade as now or
! hercafter in effcct be Ckd by or against Mort$aaor. or ~nyendorser or ~uanntor of the Note be sdjudiatM s bsnkrupt or insolvrnt, or ittl~ere:hap beN brcach or
~ viots~'an of, or defiult in. any of the warrant~a. covertants oragreernenu on the p~rt of tFx Mortpsorcontsinod inanyother i~ntrutnrntpv~en by Mo gor to
e
! Morepgee, then all obGgstions secu~ed hereby sh~ll immediauly haome due sad p~yabk at the option of the Monp~ee. and Mortp=ee may faec this
' Mortgaae in accordana witb proadura estsbl~shed by taw, aad dave the Mwtpged Property wid w utidy the obtiptioas l~aieby secured. ~
9. If Mortp~or dtfaults in any payment or tlx perform~noe of aey ~gamrnt in any morep~e oa We Mortg~~o~d PropMy. or ia the eva~t darry defauh in any
wcb monpae w u w c~use wc6 mo~tpae to be acaleratod ~nd becorae due and p~yabk durinj the continusnoe ottlus Mort~aae. then the obtgatans securad
bythisMortpgesha{IimmediatelybecomeducandpayabkattheoQtiono[theMort~jte.Mortpga .~vithoutwaivinaitsopt~ontoforcebse,rcserveslheright
to make such psyments orperform auch agrceaxat, so as to maintau~ sucb mortpae and prevent a lorec{osure thcrcof. Any and all wch sums prid a experoa
oe
i incunred on behaU o( the Mortga6c?r by Mortp~oe, totcther with intettst theroon lrom the date of paymeet st thet~ st wte ot interest albwed by law at the
f time xuch paymcet is msde shall be socurod by this Mortpge ~nd shall be immedistely due and payabk witdout demaai.
~ -
j 10. This Monp~e shall extend to and include all rcnts and profts of tht Mort~q?~ed Property. ln the eNent of foroclo~ure, the roun is:uthorized to sppoint a
~ recriver for ~'~e Monp~ed Propeny aM to apply such renu or p~u to the "obGgdions hercby socurod. rcgardle~s ot the wlvency ot the Mortpgor or the
E adeqwry of the security.
~ II.Theprocecdsolanya~xsrdorctaimlordamages,directorconseyuentisl,inconnoctionwithanycondemnationorothertakingoftheMortpgedProperty,or
s pare thercof, or for convcyaaa in,lire o( sondemnation. an hereby assigned and shall be paid to Mort~aaoe. If Ihe Mortgaged Propcrty is aMncforxd b}r
~ Mortgaaor. or it,after ootics by Mong~aee to Mort~a~or that the condemnor of(en to make an award or settk a claim fordamaya, MortpQor tads to resFwnd to ~
Mortp~ee with~ 3d Qays after the dste wch noesa a maikd. Mortg~gec is autAorized to collect :nd apply the proceeds, at Mortgaga i opiion. e~Uxr to
~ nstoratean or ap~u o( the MortaaEed Property or to the obligations securcd by this Mott~age.. ~
~ This instroment was par~od by: W ~ ~1~~
` JS'~
~ ~5~ ~ ~
~ ~ ~ S~~ SF
~ F~ORIDA NI (Rev. 10/8~ 6001( e~.~ PAGE ~7~4
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