HomeMy WebLinkAbout2629 10~?901 -d I
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5» Luc:
. ~t~itr vf ~l~~rid~i :~oRTCac;E DF:ED ~
~ : ~ > > Clerk nf t,.:c~;t C
~t. Lucie ) In~ 17,YJ
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Toc~?1= ~i ~ Depu Cleric
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-----Shirl~Jordan --t~.~r~ -~rn.d.1 ~ i~nr °~t~~~~K,+K,,~'1.
1010 Avenue L, Fort Pierce, Florida__34950 _ .
_ AA H~me Im~rovement Comnany_, Tnc , i~nz -~t~~~~~,~x~~1. '
.,~.,,.~~,ddr~..~. 1100 East Qakland Park Boulevar~Fnrt I.audPrdalPr Flnrir~a ~G45n______
Ht R! ~~1. ~1uit~a~ur i. ~ndrhtrd tu ~turtgaget in thr pnnripal ,um ,~t Eight Thousand nd Ni ne Hiindr~d.__ l~.~Iler~ S
~ $+900• _ i whi.h ~ndrbtrdnt» is r~~drnrtd b~ ~lurtgagur', nutr datrd Januarv IV Sn Ithr "\~ur"1. thr t:nal .
~~.~~mrm ~~t whi.h. it nt~t ,~~~~nrr neid. ~+d~r and pn~ablr un March 8 , l~Yi 20~~
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1ll ~F( l Ri i., ~1~~r~g~grr isi thr rrpe~mrnt ot ~r.debtrdnesi e~~uencea n~ ~nt ~ote. w~in ~ntr~e,i ~nc~run. inc pa~~ncni ui aii ~~~i~c~ ,uin.. w~ii~ n:ic~c~i ~
~r,~ii. .~d~anirJ in e:iurJan:r hrr:wrth tu protrrt thr .tcunh ul thi+ ~iortgagr. and ~hr prriurmanir ut thr rutirnann and a~rrrmrnt. ut \lurtp,~gur hrrein
~~t,unrd- .~nJ Ibl rrpa~mrnt ut ~n~ tuturt ~d~ance~, u~th intert+t thercon, madr t~~ Slurtgagor h} ~lurtga~~r punuant hrrct~~. \lurtgag~tt ~or~ herrb~ *
!:.~~r. ~ient end :~,mt~ to ~lortg,~grr tht fulfowing dr,rnbrd pruper~} IUI:tiCl~ ~n thr C~uunt~ uf _$t. LuC~e . ti~atc uf Flunda ~
L0; 20, BLOCK 1, PROSPERITY PARK, ACCORDING TO THE PLAT
THEREOF, AS RECORDED IN PLAT BOOK 7, PAGE 55, OF THE PUBLIC
RECORDS OF ST. LUCIE COUNTY, FLORIDA
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fiOLOQh1E CREt3lT COP.P~JRATtOA
Two Perimeter ?ark South Fitt~ FIOO~
~K~F'C!f';~t, At~OiiNT !:c LONSIDERATION IS i DO • p. o. ~x a~zoo
B~r?n~~g~?~, AL 3~243 ~
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i O(:FTN ER w hh all the impro~ements nuw or herea(ter erected on the propert}, and all easements, rights, appurtenances, rents, royalties, mineraL oi! and gas '
nghtti and profrts, watrr, water rights, and water stock, and all fixtures, eyu~pment and machinery now or herea(ter attached to the propert}, aL of which,
lud~ng replacements and addiuons thercto, shall be detmed to be and remain a part of the propert}• cocered by this Mortgage; and all of the foregoing, togrther
H~th ia~d property are herem referred to as the'Mortgaged Propert~~."
~ ~tc)RIGAGOR CO~'E\A\iS H'ITH MORTGAGEE AS FOLI.OWS: ~
! 1( ha~ ~turtgagor i, lawfull} ,rved of the estate hereby con~eyed and has the right to mortgage, grant and come} the Mortgaged Property.and that Mortgagor
~ ~.~ili warrant and defend the utle of the tilortgaged Proprrt~ agairot all claims whatsce~er.
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~ ' 1 o malr promptly all pa~menu rcyuired b} the \ote and th~s Mortgage as such obligatioro become due.
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; o pa~ prompth when due all taxes, assessments, liens and encumbrances on the Mortgaged Propert} and to furnish prompU~ to Mortgagee receipts
f ~t ~drnc~ng Such pa~ments. I( Mortgagee reyuests, Mortgagor shall pay~ to Mortgagee in addition to each regularly scheduled payment of the tiotean amount
~ ~u~f~cient to pa} atl taxes, assessments. I~ens, rne~mbrances and insurance prem~ums in adcance of the due date ot such psyments.
3 I u keep the impro~ement+ located on the Mortgaged Property insured against damage b) fire, lightning, windstorm or other casualty, in a compan~ er '
.~~mpan~rs seuti(actor} to ~lortgagee. Mortgagee shall be named as a loss pa~ce in said pof~cp. If any sum becoma pa}abk under such insurance poGcy. ~
`.;,+rtgagee ma} ei~her appl~ h to the indebtedness sccured b~~ this Mortgage, or, in hlortgagee's sole discreaon, permit the Mortp~gor to use it (or othcr purposes.
~ •~,~huut impairing the lien o( this Mortgage.
~ I u permit. cummit or su(fer no uaste, impairment or dcterioration of the Mortgaged Property.
~ ~ 1~~ pati all eapemes reasflnabl} incurred by hlortgagee berause of failure of Mortgagor to timely compl~ wj!h Mortgagor's co~enants and agreements m thc
~~~te or this Mortgage, includmg, but not limited to. reasonable attorney's fets, costs and abstracts and all2xptnses of fereclosurc.
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~ ' It~lurtgagordefaultsunderamo(theco~enantsoragrrementsinthisMortgage,Mortgagre,withoutWai~ingoraffectmgitsoptiontoforeclose,ma~perform
s r~ uf wch co~enants ur agreements on behal( o( Mortgagor, and any and aU such sums or expenses paid or incurrcd in connrction therewith bq Mortgagee, w~th
~ n;err~t thereon from the date of pay ment at the highest rate ailoued by taw at the time such pa} ment is made, shall also be securea by this Mortgageand shall be ?
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i rnmediatei} due and pa}a.ble xhhout demand. :
~ t any pay ment pro. ided for ~n the \ ote or this Mortgage be not paid as and whsn it becomes due. or if any of the Mortgagor's co~cnantsa~d or agrcements in ~
~h~, 11or~gage othrr thao for the pa}ment of money are brearhed or if Mortgagor shall make any assignment tur the btnefit of creditors, or sh~uld a rect~~er, ~
~ .,.~uiuator. ur trusiee uf ~1ortEr,agor s propert~ be appointed, or should any peuuon (or relief under any pro~ision of the Federal Bankruptcy Code as now or
hrreafter ~n rftect be filed b~ or against i~ ortgagor, or an}~ endorser or guaranror of the tiote be adjudicated a bankrupt o~ insolvent, or if thereshall bea breach or i
~ .:ulat~on of or default in, an~ of the warranues, co~~nants or agreertxnts on the part of the Mortgagor contained in any other instrumrnt gi~en bq Mortgagor to j
~ ~t;,rip,agee, then all obligauons cecured hereb} shall immediatelp becortx duc and payabk at the option of the Mortgagee, and Mortgagce may forecbse this ~
~lurrgage in accordance with proccdures established by law, and have the Morigagcd Property sold to satisfy the obligations hereby secured.
~ v If ~lortpagor dcfaults m any pa} ment or the performance of am agreemcnt in any mortgage on the M ortgaged Property, or in t!x event of any dcfault in any ~
u,h mortgage so as to cause surh mortgage to be accYkr2ted and become due and pa}able dunng'h~ rnntini~anre nf thic Mnrtga~e; then the nhh¢adons cecurecl
h~ihn~lortgageshailimmediatel~becomeducandpayabkattheoPtionofthcMortgagee.Mortgagee,w~thoutwai~ingitsopuontoforeclose.resenestheright
, ~ maAe s~ch pay ments or perform such agreemcnt, so as to maintam such mortgage and pre~•ent a foreclusure thereoC Any and a!1 such sums paid or cxperues {
mcurred on behatf of the Alortgagor by Mortgagce, together with interest thereon from the date of payment at the highest rate ot interest albwcd by lau at ?he I
~~me wch paynunt is made shall be securcd bq this Mortgage and shall be immedetely due and payabk without demarsd. ~
iIf I hn hfortp,age shall extend to and include all rents and profits o( tne Mortgaged Property. In the e~rnt o( foreclosure, the court is authorved to appoint a ~
rr~.ei~rr for the Mortp,aged Propert} and to appl} such rents or profits to the obGgations hereby secured, regardkss of the sol~ency of the Mortgagor or the
~ .:deyuacy of the secunty.
~ 1 I f he proceed~ of am award or cla~m (ordamagcs, direct or conseyuential, in conncct~on with anq condemnauon orother takingof the Mortgaged Propenp, or
~:art thereof, or for comcyance i~ lieu of condemnation, are hereby assigned and shall be paid to Mortgagee. If tht Mortgaged Propetty is abandoned b}
~ ~1 nrtgagor, or if, after noticc by Mortgagee to Mortgagor that the condemnor offers to make an award or uttle a claim for damages. Mortgagor faih to respond to
~ ~tortgagee within 30 days aiter the datr such nouce is mai{ed, Mortgagee ~s authori~ed to collect and applg the praceeds, at Mortgagse's opuon, either to
~ r;.torauon or repair of the Mortgaged Prapert} ar to the obhgations secured by this Mortgage. ~ 1 ~ _ , ;
~ 1 hic instrument was prtpared b~: " l ! I
~ Doreen Schmunk _ ~ , - ' ~
E 1100 East Oakland Park Bo~slevard ' ~y~
Fort Lauder~ale, Florida 33334 -
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FLORiOA HI f Re~. ' 851 f)
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