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Home My WebLink About0730 ~ t . . ~ 3'7~565 ~ ~ .~~3 MORTGAGE DEED AND 3ECURITY AGREEMENT THI3 MOR'P(iA(iS D~SD (tht Mo~s~e), dated a~ ot Auguet 3. ~ 1g77~ by a~d between Chester F. Macy and Lelia e. Macy, his wife (hereinu(ter caUed Mortgagor) and SUI1 8811k Of St. LIIC~e COUIIty . bavinB an ottice at Fort Pierce, Florida . Florida (hereinatter called Mort6nsee); VI?ITNE38E'I'~~, that u? coruidetetion of tbe Arem's~e~ and ia order to ~ecure tbe PeYment o[ both the piiacipal of. and ii?tese~t and auy otl~er ~ums peyable on t6e nots (as herelnaEter defined) os this Mortaa~e aud tl~e pedormance aed ob- ~ervenos ot ap ot t6e proviai:,w 6ereof edd ot said note. MoMaa6or hereby ~eaats, ielts. warrants. alieru, remise~ releeses, conweys. ardsn, trarrters. mortaaaes aad sets over and contim~s unta Mort~ee all ot Mortga~or's estete, ri~ht, title and iatersst in~ to and wdet aU that certain re~l pmpedy situate in St. Luc~e Couaty, Florida more particularly de~cribed a~ foUows: . TaBt IAt S • . Part of the North ~ of Lot 244, WHITB CITY, accordinq to the plat ~ thereof as recorded in P2at Book 1, paqe 23, public records of St: Lucie County, Florfda. More particularly described as follows: Beqinninq at the NW carner of Lot 244, run Southerly 331.5 feet to the South line of the North ~ of I,ot 244; thence run Easterly 275 ~ feet to the point of beqinninq, thence run Northerly 146.4 feet, thence run $asterly 75 feet, thence run Southerly 146.4 feet, thence 5~ run Westerly 75 feet to the point of beqinninq. Oj IN PAYMENT OF TAXE~ STA oF ~ FLQ R f D A~ ~ 'C INTl1NGIBlE PfR50'~Al PRO?ER(~. ox `r DOCtJMENTARY ,w.R,, STAMP TAX ~ pp~T t0 CtU1P~ES 71-134. IYCiS OF 9)1. c'' ~ DEPT. Oi REYENUE . ' ROGER POITRl15 - 3T~ LIICIE ~F1A~ P& -,u,~-~~n ~ 0 5. 2 5 t c~roc c~~~ cou~. . ~ ~ ~ i~~~Z •:'•y~ ~ ' • 7~0('EZ`HER WITH all i~?pmvea~enta now or heteaEter located on aaid`real property and all ti:turea, appliances, apparatus. equipment. heating and sir conditioning equipment, machinery and articles ot personal pmperty and replacement thereof (other. t6an thoee owned by leseees of said real pmpertyj now or 6ereatter affixed to, attached to. placed apon. or ueed in- any way in cannection x~ith the complete and comfotfable use, oocapancy, or operation of $aid real pmperty, all Gcenses and perauts nsed or req~ired in connection with the uae ot aaid real pmperty~ aU leases of said teal pmpetty now or 6ereafter entered into and all right, title and intereat of Mottaagor thereumler, inctuding wiWout limitation, cas6 or securi- ties dgpomted t6areuader pursuant to eaid icases. and all renfs, is~sue'a. Pra.~ecdt. and pro~ts accruing lrom aaid real Pt~pertY and togetber witle all proceeds of tbe converaion. voluntary or inwluntary ot any ot the foresoins into caah or. liquidated claitios, includina without limitation, pmceedt oE insurance and condemnation ewards (the foregoina eaid real pmperty, tanBiWe and intangible pereonal pmperty hereinaEter refened to as the Mortaaged ProPedY). Mortsagor hereby grants to Mortaaaee a aecarity interest in tbe (oreaoina deecribed tangible aad intanaible peraonal pmperty. 'PO HAVS AND TO HOLD the Mottgaged Property, tagether with all and aingular the tenementa, bereditaments and aPPurtenanc+es thereunto belonging or ia anywise appertainina and the reveraion and reversions thereof and all the estate, riaht~ title, intereat, homeatead. dower and right of dower, separate eatate. poeseasion, claim and demand w6atsoever, a.q well in Iaw as in equity, of Mortgagor and unto the aame~ and every part thereof, with the appvrtenancea of Mortgagor in and to the eame~ and every p~rt and parcel thereot unto Mortgagee. Mortgagor warranta that it has a good and marketable title to an inde[easible fee eatate in the Mortgaged Property awbject to no lien. cl~arr6e or encumbranc~e escept wrh ss Mortgagee has agneed to accept in writing and Mortgagor covenants that thia Mostgage ia and will remain a valid and entorceable Gtat mortgage on t6e Mortgaged Property subject only to the ezceptions 6erein provided. Mortgagor hes full power and lawful authority to mortgage the Mortgaged Pmperty in the manner and form herein doae or intended her~after to be done. Mortgagar witl preaerve auch tiUe and will [orever warrant and defead the same to Mortgaaee and will torevEr warrant and defend the validity and priority oi the lien hereoi against the claims of aU persons and parties whomeoever. Mortaagor will. at the cost of Mortgagor, and without ezpenee to Mortgagee, do, e:ecute, acknowledge and deliver all And everq anch furt6er acta, deeda, conveyances, mortgagea, aeaigntnenta, notices ot assignment, ttanstera and ass~rancea as Mortsagee shall from time to time require in order to preserve the priority of the iien of thie Mortgage or to facilitate the pedormance of tbe terms hereof. _ PROVIDED, HOWEVER, that if Mortgagor ehaII pay to Mortgagee the indebtednese in the principal eum ot 3500.00 as evidenced by that certain pmmis~ory note (the Note), ot even date herewitb, e:ecuted by Mortgagor and payaMe to onder of Mortgagee, with interest and upon the terms as provided therein, and together with all otber sums advanceci by Mortgagee to or on t?ehalf of Mortgagor purauant to the Note or this Mortgage. the ~nsl maturity date ot tbe Note and thia Mortgage being F~ruarv 3. 19Z.8 , and shall pedorm all other rnvenanta and conditio~ of the Note, a11 ot tt~e terma of wluch Note are incorporated herein by reterence as thoagh set forth fully h+ere- in, aad at any renewal, e:teneion or modification, thereof and of this Mortgage, then thia Mortgage ar?d the estate hereby created ehall cease and terminate. Mortgaaor inrther convenanle and agreea wit6 Mortgagee as toUows: 1. To pay a11 stims~ inctuding interest secured hereby when due, as provided for in the Note and any renewal, e:tenaion or modiCcation thereof and in this Mortgage. all such sums to be payable in Iawful money of the United Statea of America at Mortsasee e afot+eseid principal of6ce, or at aucb ot6er place as Mortgagee may designate in writing. 2 To p~y when due, and wiWont requirina any notice trom Mortgagee, all tazes, a~aamente ot any type or nature and other c6arses levied or aseeseed againat the Mortgeged Property or thia Mortgage aad produce receipts therefor upon demand To iaimediately pay and disc6arge•sny claim, lien or encumbrar:ce againsi the Mortaaged Property which may be or become superior to this Mortgage and to permit no detault or delinquency on any other lien, encumbrance or charge againetthe Mortga6ed Property. 3. If reqnired by Mortgagee, to also ma,ke monthly deposita with Mortgagee, in a non-intetest bearing account, to- 6etl~er wit6 ead ia eddition to interest and Principal, of a sum equal to one-twelft6 ot the yeady ta:ea and~asseaamente w6ich may be levied asaimt ti~e Murtguged Property, and (it eo required) oae-twei[th ot the yearly premiums for inaurance thereon Tbe amonni of auch t~ea, assese~nents and premiums, wben unknown, shall be eetimated by Mortgagee. Such deposita shall be ~ued by Mortgagee to pey suc6 tazes, seseasmenta and premiums w6en due. Any insutticiency ot suc6 r TAK 1~~~.. , . J~ii~ ~ ~ . r. . . _ -1- ft.. ' : . cARO~ rcFzE 1L ~ . ~f R ~ uz s. - - . : , . _ ~1tCE flCiiiDA ~ ~y~= .:~.,._w --r~~~