HomeMy WebLinkAbout0823 lnscrument Prc~~ared 1022099
u""° ~ i~ii;RTGAGE TO SECURE Nt7iE
i~i Scone Credit Corperation ot Fla. FLORI~A
_ '=.l) Yalm Heach Lakes Blvd #103
~,~•,t Palm Beach, Fl 33409
0840pb79
THIS MoRTGAGE, made inls 23rd day ot Januarv , 19 y0 , Dy
Sceven DiPalma and Grace Ann DiPalma, his wite
ofi `?0~ lbis Ave.. For[ Yierce, , Ftorlda, herelnafter called Fk~rtgng~rs.
to Old Stone Credi[ Corporation of Fla.
2240 Palm Beach Lakes Blvd #/103, West Palm Beach, F1 haralnatter called hbrtgagee;
MITNESSETH: In conslderailon of !he prlnclpal sucn set out In th.a praalssory nota of ovon date hererith
nerelnaftar dsscrlGed, and for other valuaol• consideretions~ the Mortgegors tlo AeraDy grant, bargain. sell.
allen. reialse. rolease, convey and conflre unto Pbrtgagee, Its successors and assigns +orever, ttte toltoring
descrl0ed property, sltuata In St. Lucie County. Fio?~ICa:
Lot 65. PARK TRAIL ACRES, accarding co the Pla[ thereof as recorded in
Pla[ Book 19, Page 18. of the Public Records of S[. Lucie County. Florida.
A/K/A: 905 Ibis Ave., Fort Pierce, Florida 34982
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- ~ --,:c~'•.~c - , r'ec ~ Lucie Lou .ty
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• In R 't'ax S 35"
~THIS iS A SECOND MORTGAGE ~ '~f~ Depv~3lC~k
Tot~I ~ LZ......r
TC~ETHER klTH all 3a~ singul~~ th3 te~amenls, hareeltaments and a~purtenancas t~era~nto :.a:aag:ng or f-
anyrlse appertalning and the rents, Issues and protfts thereof. and also all Dulldings, structures and other
Improve~aents no~ or hereafter sltuate inereon~
' TO HAVE AFD TO HOLD In fee simple t~a abave granted and Cescrlbed premises unto Mbrtgagee~ its succassors
~i and asslgns, forever. The Mortgagors hereby covenant wlth Mlortgagee that they are InAefeas101y selzed of sald
' land In fee slmple; that the Mortgagors have full porer an0 lawful right to convey She same In fse simple as
atoresaid; that It shall be lawtul for Mortgagee, Iis successors and asslgns, at al! tlmes peaceably and quletly
; to enter upon, hold, occupy and enjoy sald land and every part thereof; ihat sald IanA Is free trom all encunb-
~ rances; that the Nortgagors rlll make sucn furtAer assurances to perfect ttie fee slmple title to sald land In
hbrtgagee, Its successors and assigns, as may reasorsably be rsqulred; and that the Fbrtgagors do hereby fully
~ rarrant the title to sal0 land anC every part t~ereof and rlll defend the same against the larful clalms of all
, persons uAaasoever.
t PROVIOEO ALMAYS, that If the hbrtgagors sha{1; (1) pny unto Fbrtgagee tnat certafn ptaelssory note, execu-
i ted Dy t~em concurrently hererlth, in the sun ot
P
~ Thirtv-Three Thousand Two Hundred and 00/100~ po~~~s
~ (533,2QO.G0'•~ said sua being payable in 180 consecutlve montRlY Instailments ~rltA the first
~ Instal Iment of S 4b7.88 due on the lst day of March ~~990 and 179 subsequent
; montAly Instaliments of S 431.0 4 each due on the same day ot eacA succeeding month thareafter, (or on t~e
: last Cay of any succeeding mon c has no such day) untll sald swn has been pnld In full except the finat
Instatiment shall be the balance due and (2) perform al! tAe covenants an0 conditlons of Sa1G uranlssory nota
~ and any reneral, extenslon or moditlcatlon thereof, and ot thls mortgage, tAen this mortgage dse0 ~d the estate
~ created hereby shall cease and be nuli and vold.
~
~
~ TAe Mortgagors further covenant and agree to and rlth Mbrtgagee:
S
k 1. To pay promptly the principal and other s uns of money payaDl• Dy vlrtue of sald promissury nota and of
~ tnls mortgage.
„ 2. To pny all laxes and assessments of every nature nor imposed against. or hereafter IevleG or assessed
upon, the above descrlbed property. when due and payabls before such taxes, assessrnents or levles be-
come dellnQuent and betore any Inierest accrues or any penalty Is Incurred thereon, and to pranptly
furnis~ Mortgagee wltA proot ot payment thereof.
` 3, To pay when due all obllgatlons and Indebtednssses secured by a mortgaga upon the property, or whlch
have or may result 1~ any cialm. Ilen or other encumbrance agalnst ihe property. and to permlt no
default ar dellnquency thereon. ~hether sal0 clalm, Ilen, mortgage or enc uabrance Is superlor to, In
parlty wltn, or j~mi:,r 7G thls mortgage. My detault under tAe terms of any martgage, cx~ the ob! fga-
tlons thereby secureG, rnich nor or hereafter enc unbers tAs property shall constftute a detault here-
under.
: 4. To place and continuo~sly ke~p, on tne bullGings now or Aereefter sltuate on sald IanG, fire and
extendeC coverage insurance and ;nsurance against such other haaards~ casualttes aM contingencles as
may De reQuired by the Fbrtgagee in amounts ot noi less ihan the amounts rAIcA mar from tin~e to tlme be
speclfle0 Dy the Ma'tgag;e, in such Insurance canpany as may be approved by 14ortgagee; pr w ICed~
~ horrever, that It 'lortgagee shall at any time be obllgateA to n~aintaln flre an0 extenCeA ooverage
- Insurance on salC bulldlrsgs, tne Mortgagors shall be excused fran~ ~fonnance ot tnis obl~gatlon to tAa
~ extent ot any such dupllcate coveraqe. AIl Insurance pollcles ot the Nortgagors s~ali contaln the
_ usual standard hbrtgagee clause making ihe toss under sald pollCles payabie to Nortgagee as Its
Interest may appaar; and eva~y such poii~y anC all renerals thereof shall pe promptly deltvered to and
+ held by iiortgagea, together rith a receipt tor the prealum tl~ereon~ Mbrtgagee shall ~ave tNe rlg~t to
Forn~ /40~ (Rav. 10/86) MP
. U R Q~~ Paga 1 ot 2
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