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Home My WebLink About0946 1f~4R T GA GE T 0 SECIIR~' NO T~ ~~u ? FI.ORIbA ~+7253 ~ THIS MORTGAGE, made th~s 19th day of , 19 ~ by of ~12 Wiot~[' (~ltc~(l PBikWHS? Ft. Plei~, ~L 33~+54 , Fiorida, hereinafte? called hlo~tgagors, to K~ntuc.~ky F`It~e~xe Co. , Iac. Vero eeech P.O. Box 1930 1979 14tb Ave. Vero t~fi, FL 32~fi0 hereinafter called Mortgagee; WITNESSETH: In consideration of the principal sum set out in the promissory note of even date herewith hereinafter described, and for other valuable co~siderations, the Mortgagors do hereby grant, bargain, sell, alien remise, release, convey and confirm unto Mortgagee, iu successors and assigns forever, the following described property, situate in ~~i° County, Flo~ida: Lot 12, Blodc 152, Ietca~od P~ic, ibit ULl aooordi~ to the plat tt~ereof a~ file in plat book 11, on paQes 3~ (a-d) of the public c~eoarrls of St. Lt~cie County, Florida , ~ , ~:...'`c':~ ~i G 311a . o~: t . , ~ d 1' In P,ymenl O{ Taxes - • Rece~ve~ S ~ i , • . • ,y.~ ~ r : l~ ~ n ;ln CI ~^~_.nq~~Ie P•~rso~=,! ?roperty. ' - ~ p.~-. ~nt To Cl~~pter 71, 134, Acts G1 1971. •;,._;t!~:i..i D,XON, C;erk Circuit Courl, 5t. Lucie, Co, Fla, 70GETHER WITH all and sm941ar, the tenements, hereditaments and appurtenances thereunto belonging or in anywise appertaining and also all buildings, stuctures and other +mprovements now or hereafter situate thereon. TO HAVE AND TO HOI.D in fee simple the above granted and described premises unto Mortgagee, its successors and assigns forever. The Mortgagors hereby covenant wich Mortgagee thai they are indefeasibty seized of said land in fee simple; that the Mortgagors have i full pawer and lawful right to convey rhe same in fee simple as aforesaid; that it shall be Iawful for Mortgagee, iu successors and assigns, at all times peaceably and quietly to enter upon, hold, occupy and enjoy said land and every part thereof; that said land is free from all encumbrances; that the Mortgagors will make such further assurances to perfect the fee simple iitle to ~aid land in Mortgagee, its successors and assigns, as may reasona~ly be required; and that the Mortgagors do hereby fully warrant the title to said land and every part thereof and will defend the same against the fawful claims of all persons whomscever_ PROVlOED ALWAYS, that if the dAortgagors shall: !1? pay unto Mortgagee that certain promissory•note, executed by them con- currently herewith, in the principal sum of ~~1~ b~1 Dotlars ~ (g ~12•~2 plus ~nterest thereon, being payable in monthly installmenu of $ 1~•~ each, the first installment due on s i tt~e ___L`! day of 19 ~ Yand an additional installment co by paid on the day of each succeeding month thereafter (or on the Iast day of any succeeding month with has no such day) until saicl sum has been paid in full except tfie final instaltment shall be the balance due and (2i perform all tfie covenants and conditions of said promissory note and any renewal, extension or modification thereof, and of this mortgage, then this mortgage deed and the estate created hereby shall cease and be null and void. The Mortgagcrs further covenant and agree to and with Mortgagee: 1. To pay promptly the principa) sum and other sums of money payable by virtue of said Fromissory note and of this mortgage. 2. To pay all the taxes, assessments and encumbrances of every nature now on said described property, or that hereafter may be levied o~ assessed thereupon, when due and payable before they become delinquent, and before any interest attaches or any penalty is incurred and prompt!y furn~sh Mortgagee w~th proof of payment therefor. 3. To place and continuously keep, on the buildings now or hereafter situate on said land, fire and extended coverage insurance in an amount of not less than the amount which may from time to time be specified by the Mortgagee, in such insurance company as may be approved by Mortgagee: p?ovided, ho~wever, that if Mortgagee shall at any time be obligated to maintain fire and extended coverage insura~ce on said buildings, the Morcgagors shall be excused from performance of this obligation to the extent of any such duplicate cwerage. All insurance pol~cies of the Mortgagors shall contain the usual standard mortgagee clause making the loss under said policies payable to Mortgagee as its interest may appear; and every such policy and all renewats tF?ereof shall be prompt~y del9vered to and held by Mortgagee, together with a receipt for the premium thereon. Mortgagee shall have the r~ght to adjust with the insurer any lou under any such policy, and any such adjustment shall be conclusive on the Mortgagors. Mortgagee shall have the right to receive and collect ali proceeds paid on any claim under any such policy, to endorse the Mortgagors' names to any check or other instrument of payment, and to appty such proce2ds in payment ot any amount due under this mortgage and the note secured hereby and any expenses incurred by i~iorcgagee ~n processing any cla;m under any such pclicy_ hAortgagee snaii pay to tne i~lortgagors the balance of the proceeds, if any, re- maining after the aforesa~d deductions. Noth~ng contained herein shall irnpair or abrogate the right of the Mortgagors to procure insurance from an agent or company of the~r own selection as proy~ded in the insurance laws of the state of Florida. 4._ In connect~on with any litigat~on to enforce the terms of this agreement the prevailing party shall Ce entitled to recover all cosu, including but not lim~ted to, a reasonable attorneys' fee and cost of abstracts of title. 5. To permit, commit or su~fer no waste, impai.ment or deterioration s2id p•npe~ty or any part thereof, to kee~+ ~^d maintain same, inctuding all buildings now or hereaiter situate on said premises, in good condition and repair, and promptly to make and perform at the Mortgagors' own expense, such repairs and maintenances as Mortgagee may from time to time require, Mortqagee being hereby made the sold judge of the necessity therefor. Without Iimiting the generality of the foregoing, the Mortflagors shall cause all such _ buildings to be painted not less often than once in every three-year period. • ! 6. In the event the Mortgagors shall fail to comply with any covenant.COntained in paragraphs 2, 3, 4 or 5 hereof, Mortgagee may (but shall have no oblipation 10) perform such covenant on behal~ of the Morigagors and the full amount of every payment made by Mort- gaqee in such connection shall bear interest at the highest Iawful ci ntr~ct rate (rom the date so paid and shall be secured by the Hen ot thia mortgage. ~ ao~~ 574 ; ~~E ~'4`7 FL 12/83 za-.~.~ - - -