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Home My WebLink About0796 . } iozos~l 1 O~en ~nd Credit MpRTGAGE O~TE REAL ESTATE MORTGAGE ('.~iot for Purchase :~1one~~) ; JANDARY *8* g~$ 1990 ~ CONi1DERATION AND ~RANT OF MORT~fA~E This mortgage is made on the date noted above between the parties listed below. Under this mortgage and related Secured Cre~it Access Account C~~ntract ("Account" Mortgagee is obligated to make advances on a continuing basis, for t`ive (5) years, up to the principal amount show~n below• ~ liortgagor's Credit Limit), consistent with the terms of the Account. Any part~ interested in the details related to ~liortga~ee's continuing ubli~ation to make advances to htortgagor(s) is advised to consult Mortgagee direct{~•. In consideration of i~4ortgagee's abligation to make ,;~~ntinued advances to Mortgagor(s1 under Mortgagor(s) Account, Mortgagor(s) mortgages and warrants to the Mortgagee, its succetis~~rs and ;s~>igns, forever, the land and property located and described as noted below, tagether with all interest in the prupert~• or right, prir•ilege or improvement belonging or passable with the property, easements and rights of way of the property and all buildings and fixtures. PROPERTY DE:CRIPTION j ~ Dnit 709, T~ El~BESS, A COrIDOMINIIIM, according to the Declaration of i l~~ Condaainiua recorded in Official Becords Book 60$, Page 2180, St. Lucie { ~ County, Florida public records. ~ }=1~~rida Dcx;umentary Stanip Tax required by law~ in the amount of 5 has been paid or ~ill he p~id directh tu the Dep3rtricnt of ~ Re~ enue. Certificate of Registration No. MORTGAGOR S ' MORTGAOEE 4~41 i l ~ 'AM i 1 ~ Richard A. Larochelle and Bosalie A. ~ Larochelle, a~$ Wife. American Pioneer Savings Bank , ; Rec F~e S /O. DOLT6 nrvn.. ` , ~ __aESS ~`.~RESS ~ Add F~e s_._..,~~„ ~,,,,ty ; 989 South Federal Highway ~ ' ° ~t T~ _ /_e~ • u ' Stuart - ~ ~ t _ ~~•.?V T ~y (h~,J. . COUNTV STATE ~ T~ y waia ; Martin Florida ~ ~ PRINCIPAL AMOUNT FIFTY THOIISAND AND NO/10 - $ 50,000.00 ~ , ~ COLLATERAL FOR ACCOUNT. This Mortgage is given to secure the agreements specified in this Mortgage as well as [he Acco~nt Contract tktween Mottgagor(s) and Mongagee which this Mortgage secures. ~ PAYMENT. The Mortgagor(s) wiH pay aH indebtedness secured by this Mortgage according to the rerms of the Contract hetween Mortgagor(s) ~ :~nd Mortgagee which is secured by this Mortgage. . COLLATERAL PROTECTION. 71ie Mortgagor(s) will keep all of the properry mortgaged in good reQair, and will keep it +nsured for Moctgagee s i protection with an insurer of the Mortgagor's choice. The Mortgagor(s) will pay all taxcs, assessments and other charges when they are due. ~ DUE ON SALE. In the event the Mortgagor(s) shall sell, assign or otherwise transfer their interest in the property, w~hether by deed, contract. ? ~ ,}r cxherwise, such sale or assignment may. at the Mongagee's option, constitute a default in the Contract arxi subject that Contract to the Mortgagee's ~ right to demand payment in full. ~ PAYMENT OF SUPERIOR INTERESTS. The Mortgagor(s) will pay all mortgage indebtedness to which this Martgage is secondary, according tn the terms of such other obligation(s), and in no way will cause such other indebtedness to be declared in default. FORECLOSURE COSTS. Mortgagor(s) agrce to pay, and this Mortgage shall serure, the payment of all rnsts of foreciowre, including, but n:,t limited to, reasonabie attomey fees, costs of abstract, title insurance, court and advertising costs. POWER OF SAIE. The Mortgagor(s) grant to Mortgagee a power of safe. ir?cluding any statutory procedure for foreclosure of a mortgage h` advertisement, which Mortgagee may use dire,~tly or indirectly to seil the mortgaged property if ttse Mortgagor(s) default on the payment ' ~~r any indebtedness secured by this Mortgage or commit any other act or emission as specified in the Account Contract which is secured by ~h~~ 4lortgage under the provision entitled Account Termination and Acceleration of Amounts Due. The Mortgagor(s) hereby waive and release ..il rights under any homestead or exemption law that might otherwise affect the real estate being mortgaged hereunder. BOGII U7~ PACE f ~tJ ~ 4DDITIONAL PROVis10Ns ~ ~ ~ ~ - - 'y0 JAN 13 f~!O:~ti ~ _ STA,TE ~F FL..ORl~A.'• " 102066~ F~~I ; , D~CU1S~lENTl?RY _r,~,STAMP ?s~Y 1 _ t '~E;,= nF~qEYENUE , ~y t ~ . i • ?t ~ t, t ~ " = = ~a«~,•~o ~ ~ 7 5. 0 U ~ '~'~i~ ~ : ' r. ? _a _ - ~ ~ ~ ' ~ E g _ ~ - ~ ' ~ ~Qh