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MORTGAGE DEED AND SECURITY AGREEMENT ' ~
THIB MORT(iA(iB DSBD tt6~ Moetpp). dat~ed +r dSe t@lllb@t 9~ ~ 1977 . b~r aad betweea
James J. Martiu and Norma~ R. Martin, his Wife ,
(6ereinatier cailed Moetsasor) and S11Z1 B~lk Of 3t. LuCf e COliYlty , b~vins s~
~E;n,~t ~ 111 Ox~nqa l~venue, Fort Pierce, Florida ,~o~;a„ ~~r~;~,c~r ~uea Mo~s.see):
W1TN888I~I'H. that is coe~entioa ot t6e pr~m~ aad ia order to ~scurs t!» paym~at ot bot6 tbs ptiACipd ot, and
inbe~e~t ~nd atq otb~r rum~ PqabM a~ tbs not~ (a~ b~IaattRS d~tind) or t6i~ Mottp~s asd ths p~otm~nos aad o~
a~eva~ at all a[ ~ P~ ~r~ot and o~ rid Mortp~or bersb~r sranb. ~s1b. wa*r~nb? atiens. reles~e~.
coav41?~. a~u~. ttander~ awets+~ and ~ab ows and cont'trm~ unoo Mortiatee. all ot Mortsajo~s e~4te. ~ih~ title and
intar.c i~ ~.na wadss au wd cerhiu e~ed pcopsrt~? atuateia 3t. Lucie coanb. Floiia. mors wrticulsrlr
~e~ceibd a~ tdlo~wr.
Lots Oue (1) and ~(2~ of Block 2, HARERS RSVISED SUBDiViSION, as
recorded in Plat 8ook 4; at paqe 32 of the Public Records of St. Lucie
~p County, Florida. ~ D
6
/ ~ i ATE QF ~LORIDA~ ~ ~ ~ .
SjA M P T n~ ~ . ouE o~ a~ss'~ u~~w~ ~~a~ •
DOCt1MENTAR`f~°-~~~ ~ jp qy~p-at 71-t~t. ~s
4EPT.8
REf VEt1l1E~ . ` ~ ~ POIi~
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1~0(iBTHBB WITH ail improvements ca~w or bereafter located oa aaid nal property and all fi=tun~. aPP~~.
apparatw. equipment, heatins and air conditioain~ e9wPmeAk maciiineq and adicles of peesonal propect~? and replaoemeat
thcreoE (Ml~er tban t~ws owned bq kslee~ of said resl property) no~? or 6ereafter affued to. attac6ed ta. Piaoed uPoa. or
med in any way ia connection witb the camplete and oam[ortable ose. occupancY. or operatiop o[ iaid resl property, aU
lioen~e~ and permib n~ed or reqairad in connectioe with t6e nse ot atid reel property. all lea~es at s~id real propeit~? no~r or
6eieatter entsred into and all rijLt~ titls and intered at Mo~or thereundet. includi~ witbont timitation. cas~ or iecuri-
ties deQwitsd t6ereund~r paesu~nt ~ nid Ie~~es. and all reob. iruas. Prooeeds. aad PrnCib a~n~i~ tram oid red Pi~opertp
and to~etLer wit~ ell prooesds of We oonve~ioA. vduntary ~ involunt~st7? ot anp oE the to~aioa it~o ead~ oc liquidated
claim~. ind~n~ wit6a~t liuuitatiion.. Prooeed~ o( iasuranas and oonden~nstioa ~w~a~ (tbs fore~oina rid resl propert7.
taapb~e aad intao~ible penou~i prope:ty hereinatt~r relerred to as the Mort~ed Prope~?)-- 1?~o~R~ ~ri? s~fs
to ldo~waes a sscurity i~dend ia the forataun~ de~cribed taa~ible and iatan~ibl~ P~~~ P~~Y-
TO HAVB AND TO HOLD the Mort~a~ed Propeih?. t~ther ~vith all and sit~ular the tmemenb. 6eretlitaments and
app~aooe~ th~+eutito bdonsina or in anywi~e apperfainin6 and t6e rev~eraion a~l reveraions t6e:ed and all t6e estate.
ti~ht, title. in#ere~t, 6ome~tead. dawes and risht oE do~wer. seParate estate, Powe~on. clsim and demadd rv6abo~ver. ~
weU in lsw a~ in eq~rity. d Mott~or and unto t6e same. and ever~ Pert thereot~ ~?ith t6e appudeaanoa ot 1Mloit~or in
and to tbe same~ and eveiy Part ana PNn~I thereot unto Mortaagee.
Mort~oz ~rarranb tbst it has a sood and marketsbie title to an indefeesible ice e~tate in the Mortaaaed Prope~?
a~6ject to ao t~, cbart'e or encumbranoe ezcept wch ~s Mort~sgee 6as aareed to accePt in writins and MortaaEor oo~renanb
' tLat tLis Mo~e is and will r~ain a valid and entoroeoble fitst mortsage oa the Mortaeged ~Property subject onlp to the
ezoeptious hereiri provided. Mortaa~or bes full Pu~rer and lawful authority to mortaase the Mort~ed Propertp ia the
na~anner and form 6reefn done or inbsnded here~ftet to be done. Mart~or w~11 P~~ w~cb title and wiII to~~er warrant
aad defeod ths ~sme t~ I1~/o~t~es and w~l (o:eMer wra:raAt and detead tbe validity and prioritp of t6e lies beteot saai~
the clsiaos oE all peisons and paities whom~oever. .
Mort~os will, at the ood d Mort~or, and Mrithout e:pen~e to Mo~ee. d0. e:ecute. ackno~.ied~e and ddiver all
` and everp snch fnrtber act0. deecls. ~~N~6a. ~°ts. n°tices °f as~amenR tradtees a~ a~ara~a as -
~ Mort~ee ~hsU irom time to tinne tequin in order to prise=v~e tbe priotitY ot tbe lie~ of t6is Mottaase or to tac~itate tbe
F performsnoe ot tbe terms hereof.
i p7800.0d HOWEVBR, tLa! it Mort~or a6a11 pay to Mortgi~ee the iodebtedneas in tbe.PrinciPat wm of
= as evidenoed b~r tLst oertain pmmis~ory ~wte ~(the Note). of even date here~ritb, ezecated bY
~ Mo~or aod payable to order of Mort~ee. vrit6 intere~t and upon the terms as provided therein. aid to6dber wiW all
~ otl~et sums advanoed b~? l~ortaa~ee to or oa behelt ot Mort~or pu~suant to tbe Nate or this Mort~e, tl~ tual matuzib?
~ d4te ot tbs Note sad this Mo~e beina a- 9-`~ ~1 ~ , and aLall per[orm all ot6er coNCasnts and
oonditio~ ot the Note, all of tbe ternn of wLicb Note are incorporated herein bq reference as tha~h ~et lo:th fnDy here-
in, antl oE aay~ reae*d. e:temion ~ modiCication, thereot and of t6is Mortaaae, then this Ma~ and the edate ber~ebY
c~eeted d~all oesee and ternoinate.
Mottaa~or tuit6es convenanb and asree~ witb Mortaa6ee a~ foUo~:
l. To pgy all wms, iod~dini intered secnred h~j? when due. a~ P~~ for in tbe Note and a~qr reaewal. e=teaeio~n
or modification thereof and in this Mort~e, all wch rams to be p~yable in lawful money of tLe United States of America
at Mort~ee'~ afore~aid principal otfioe, ot at wch ~Ler plaoe as Mottgaaee may desi~nate in w~ritina•
Z. To pqy w~hen due, and wriWoat requirina anY notioe [rom Mortaaaee. all ta~err aMa~menb d aa~ tppe or nature
ard oth~r cbsr~es levied ~ arered aaaimt tLe Mort~ed PivpeitY or tbis Mort~e aad produce reoeiPV the~tor ~pon
danand To immedistelr i~7 ~~~41? daim. lien or encumbranoe asaimt ths Mort~ed Property ~vhicL may be
or becawe wPerios to this Mortaage and to permit no deEault os deliu~iuencY on anY other 1ieA. ~ or cLsrde
aaain~t tbe Mott~ed Propett~?•
3. If reqoird b~? li[ott~e~ to abo make monWly depwib with Mottaaaee, in a non-intet+ed bearin6 aooount, to-
~ witk and in additioa to intere~t_ and principal. of a sum equal to one-twd(tb ot tbe yewrl~? tuas and awe~ments whicb
mrq? be lavied aaain~t tLe Morfi+~ed Propert7. and (if w re9~~) one-lwelfth of t6e 3?eRrl7? Pi'eminm~ tor in~anae
t6eeeva. T6e ~oan! d w~c6 ta~ ~ewo~tr and Pe~mium~ ~6en un~o~. ~6all bs estimated b~? I?[o=taa6ee_ Such
dspoats ~ii be a~ed b~? Mort~ee to pay w~c6 taze~. awe~ments ard pre~oiuno~ w6ea c~ua. Any ina~tCuiencf d w~ch
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