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' ~ftlfl` ljf •.~IUCt~2I MORTGAGF DF:ED . _ ;3
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_ ST. LUCIE ~;u~u~t~ N . : ~
LL _ _ / ~
V iBER iv _ 87 _ n,,,~.~. I' !
1{111 \111N1(~~~(~{ ~~~„~,~,•~n„-- 4th ui N~-F'-'r-------
* EDWARD PINCKNEY AND MARY LEE PINCKNEY~ HIS WIFE „hC ~•~~,,,,K;,k,,,~•,,
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2805 AVE "Q", IT. PIERCE, FLORIDA 33450 j
„n,,.~•.~~~,i~~~..~..----
_ L0~1AR INDUSTRIES INC, I~he'~1ort~t.~grr"1. ;
~n~,.,~ ,~ta«.. 830 E_ OAKLAND PARK BLVD. #105, FT. LAUDERDALE, FLORIDA 33334_ ~
SEVENTY SEVEN HUNDRED AND 00/ 100 i
\
1 { I I K l A ti. \ t u r t g a~ur n~ndrMrd Iu \tu~t ga~cr ~n thr pnnti pal +um ul - - t
NOVEh1BER 4 87 `
_77~~.~---1 wtiich indrAttdn~+. i+r~idr~crJ b~ ~iurtgagor'. nutc datrJ 14__ Ilhr"\utr°I. thr linal
p.~~m~•~u ut ~~tu~h. il n~,t ,uunrr p~id. dur ~nd pa~abir ~~n .~E11~UARY 13, - - .~y 95
IU SI ('1 RI tu \t~~rlgagtr lal thr repa~mrm uf indrbtrJnr.~ rudrnrrd M ihr \utr, wrth ~ntrrr.t ~hrrcun. ~hr pa)mrnl ut all wtxr .um.. with ~ntrrcu ~
ihrir,~u .~d~.+n:rd in ariu~dance hrr:w~th tu prutr~t ihr .rrunh ot Ih~, \turtgagr. ~nJ thr perturmancr ul thr ru~rr.ant~ arxt a~rermrnt. uf \turty,;igur herein
.unt.unr~i. .~nd Ihl rcpa~mrm u~ an) luwrr ad~ancr+. with intrrr,t thcrcon. madr tu \lortgagur M~iurt~;agcr pur.uam hrrctu. \1u~tg~~ur d~~r, hrrcM
mu~t?e~r. ~~ant and r~~n~r~ tu \lurtgagrc Ihr lulluwing dr+cnhrd prupcrl~ lix~trd ~n ihr (~uunt~ ul ST._LUCIE tit~tr ~~I Fla~nda
7 7~
Received s ~5~~-- P=~Yrr.enf Of TaxeS
Duc On Cl.~ss "C" In'-.~~~ ~'•~rson Prcperly. THE WEST 13 FEET OF LOT 10, AND ALL OF
Purs~aN To Cl~:,p'e~ 71, 134, Acis Of 1971. LOT 11 ~ DUKE SUBDIVISION ~ ACCORDING TO
c^:~c~_n~ xc~' THE PLAT THEREOF, AS RECORDED IN PLAT
C'~rk ei~c~~? Co~~t, ~t. ~uc~e, Co., Fla BOOK 9, PAGE 34, OF THE PUBLIC RECORllS OF
ST. LUCIE COUNTY, FLORIDA. /
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. Return tor
s~l~~~tE CREOlT GORP~11AT11N
P$1hGlPA~. A1~+10UNT Of CONSlDERATION IS ~ tw~ ?a.~eta ~'uk Sc~ fi:t! ibot
P. O. 8ox 43100
Bkmtr~ham, AL 35243
fOG f t H I:R w uh ali the ~mpro~rments m~w or hereatter erectea on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas
nghu and profhs, watcr, wacer rightl, anJ waier stcek, and ali fixtures, eyuipment and machinery now or hercafter attached to the propcrty. a!i of which,
including replacrments arul additiont thercto, shall be deemed to be and remam a part of the propetty~co~ered by this Mortgage; and all of the foregomg, together
with .aid pro~xr~~ arc hrrem rcferred to a~ the 'Mortgaged Propert~•." `
' ~10R IGAGOR COYF\A\ IS ~Yll N MORTGAGFE AS FOI.LON'S:
II I 1 hat ~lortgagor is lawfull} uved of ~he estate hereb~ con~e}ed and has the right to mortgage.grant and comeythe Mortgaged Propert}~.and that hlortgagor
will warrant anJ de(end thr utlr of the \lortgaged Property agaimt all claims whabcevrr.
? Iq ma{~r prumptl~ all paymem+ reyuired by~ the tiotr and th~+ Mortgagr as such obligaUOns become due.
t. 1 o p~~ promptly whrn Jue all tatie~, a~sessments, liens and encumbrances on the Mortgaged Rroperty~ and to (urnish promptly to Mortgagee receipts
r~ ~dcncing wch payment.. If Mortgagec reyue~u. Mortg3gor ~hall pay to Mortgagee in addiuon to each regularh~ scheduled pa~ment ot the'~otean amount
wl(ic~rnt to pat all taxr~. asse~~mentti. I~ens, encumbrances and insurance premiums in adcanee of the due date of sueh payments.
s. 1~~ keep thr impro~ernznt+ loc~ted on the Mortgaged Property insured against damage b}• fire, lightning, windstorm or other casualq~, in a comFany or
comp:+mr~ tiat~.(ac~ory to ~tortgagee. \lortgagee shall be named as a loss pa}ee in said policy. If any sum becomes papabk under such insurance pa6cy,
\1or~gagrc ma~ rither appl} it to ~hr inJebtedness secured b} this 4fortgage, or, ~n Mortgagee'ssole dixreuon, pe~mit the Mortgagorto use itfo~ other purposes.
wrthuut ~mpairm~ the hcn of this ~lortgage.
5 lo perm~t, rummrt or w(le~ no wacte, impairment or detenoration o( the Mortgaged Propert).
,
h. iu pa} all rxprn.e~ reawnahl~ incurred by !~lortgagee because of failure of Mortgagor to timel~• compl~• with Morigagor's co~enants and agreements m the
\utr or thn \lortgage. mcluding, but not hmhed to. reasonable attorne}''s fees, costs and abstracts and all expenses of foredosure.
? If `tortgagor de(aults under an} of the co~enants or agrerments in this Mortgage, Mortgagee, without waiving oraffecting its option to (oreclose, ma}~ perfor~:~'
am u( +uch cu~enants ur agreemrnts on behalf of Mortgagor. and an~ and all such sums or exprnsa paid or incurred in connection thereKilh b)~ Mongagee. wfth ~
inirrr.t ihereun (rom the date of pa~ment at thr highest rate allowed by law at the time such payment is made,shallalso besecured b~•this Mortgageand sh~~lbe
immrdiatclt dur and pa}able without demand.
2.
!c It an} pa~ment prm~ded for in the \ute iu thiti ~lortgage be not paid asand when itbecomesdue,orifanyof theMortgagor'sco~enantsand/oragtetifients in
~hi+ ~f urtgagr uihrr ~han for thc pa~mcnt ot mone~ are brea;hed or if Mortgagor shall makc any auignment for the bcneTit of creditors, or should a receiver,
hyuidator. ur trutitrc o( Stortgagor'~ propert~ be appomted. or shou~d any peut~on (or relie( undcr an}~ provision of the Fedcra! Bankruptcy Cade ss pow~ or !
here~l~cr~nr(tectbrfikdb}oragain.i~tortgagor.oranyrndorserorguarantorofthelotebeadjudicatedabankruptorinsol~ent,orifthereshall breachor
~iulat~un uL ur dcfault in, am of thc warranues. coccnants or agreertxnts on the part of the Mortgagorcontained inany~other insirumentgi~en by r~a gotto
~~~~~~K~Ker, thrn all obhgauom.crurrJ hereby ~ha~l immediately become due and pa}able at the option of the Mortgagee, and Mortgagee may~bst this
!11o~lg;+ge ~n accord-ence with p~uceJutr~ es~abG~heJ by law, and havr lhe Mortgaged Property sold to satisfy the ob6galions hereby xeured.
9. II tilongagur dr(ault+ in any~ pa~ mcnt or ~he performancc of an~~ agreement in any mortgage on theMongaged Property, or in the event of any defsult in any
wch m~~rtgage .a a+ to cauu such murtgagr to be accelerated and become due and papableduring the continuanee of this Mortgage, then the obligations seeured
M ~ h~~ ~lortgage +hall ~mmediatel~ become due and pa~ablc at the option of Ihe Mortgagee. 111ortgagee, without waiving its opUOn io foreclose. resenes 1he right
tu make such pa~ mems or per(orm such agreemem, so as to maintam such mortgage and prevent a foreebsurc thereof. Any and all such sums paid or e~cpenses
mrurrcd un Mehal( of the Mortgagor by Mor~gagce. togethcr with interest ~hereon frons the date of payment at the highest ratc of interest allowed b} IaK• at the i
ume wrh papmcnt n made shall be securcd bp this Mortgage and shall be immediately due and payabk without demand. I
10 1 hiti ~1o~tgage shall e;tend to and include all rents and profits of the Mortgaged Property. In the event of foreclosurt. Ihe court is authori~ed to appoint a ~
rrcri~er for the ~lougagcd Proprrt} and to appl~ ~uch rents or pro(its to Ihe obligations hereby secured, regardless of ~he sol~ency of thr Mortg,~gor or the
adeyuac} o( Ihe ~ecurity.
I I. I he procecdti of an}~ award or claim for damages, direcl or coroeyurntial, in connection with any~ condemnation oi other taking ot the Mortgaged Propen}•, or
part thereo(. ~r for come~ance in lieu o( condemnation, are hereby assigned and shall be paid to !Nortgagee. If the Mor~gaged Proptrty ~s abandoned b}~
ti1 nrt~tagur. or d, afirr notice b~ Mortgagee to Mortgagor Ihat the condemnur offers to make an award or ultle a claim fordamaga. Mortgagor fails to respond to
~1urigagee w~thin 3U da}~ after the datr wch noace is mailed. Mortgagce is authorited ro collect and apply the proceeds, a~ Mortgagte's option, e~ther to
re~turation r,r rcpair of Ihc hlor~gagrd Properh~ or to the obhgations xcured by this Mortgage.
( his instrument was prepared by: ~ Q~
GLENN FFRNANDEZ ~ r,~, ~
830 E. OAKLAND PARK BLVD #105,
F`T. LAUDERDALE, FLORIDA 33334 E ~ ~r~ t , ~ ~r y
Fi_c~Kiun t~i iK~,. ~ xs~ ~ 0 R
578 P~ 9~7
600K
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