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Home My WebLink About0792 ~ • .,.,.r . • ~~4~ (n / . . r s ~ t 'V MORTGAGE DEED AND SECURITY AGREEME~ S` THI8 MOIi'1'CiA~B DI'sSD (tb~ Mortsa~s). dated w at Julv 29 , 19~~ by a~d betwesn 1!P?ItiON YOUN(i AtdD CREDOI.* YOUNG, his wife (bereinatter catled Mortsa~or) and SUN BANlC OF ST. LUCI$ OOZTNTY ~ . havinj an ~ f~ A~ •111 Oranqe Averiue. FOY't Pie~cce • . g~orida lhereinatter calkd Mortaaaee) : WITNS88STH. that in coiwderatioa ot tbs premi~s~ at~d in order ta ~ecurs ths papa~eat ot both t6o principal of. and intere~t and a~? other ~ums peyable oa t6e aote (es berelnatter dei'u~ed) or tlw Mottsaae aud tbe psdormance wud ob- ~erraocs ot all oi t1~e pc~ovuion~ bereot end ot ~aid note. Mortsaaor hereb~ ~ranta. ~elb. w~arranb. eliens, remi~ss. rslesse~. convsys. a~d~ro. tran~ten. ~nortp~es and ~eb over and cont'ums unto Mortseaee. ail ot Mottaasar's edata. ri1[ht~ tltle and it?tered iq to and uades all t6at certain real property atuatein St. Lt1Cie Counb. Florida awre particularly dekribsd as tdlow~: SBB ~1'1'P~D 8~iI8IT A . ? ~ / ' R~EIY~ N PAYYEIff Oi TAl(ES _ ~ DI~ ON CLi1SS'G' INTAti618~PfRSO!IAL PIIOP~,t1Y~ ~ pilRSllMT ?3 CFiAPrfR 71-~. 11GTS Of 18/1. Q L . ' ~ t~ER POITIUS ` ; Q° }~~TATE aF F L~ R i D A ~ c~c c~~uR cou~r, s~. ~uc~ oo~ w~. Sx OflCUMENTARY.~z., S1AMP Tt?X t c'' ` OEPT. UF REYENUE f:'~ ~ ~a A= P.4." :P~~•tl~ f~' : O~ Q0' - ~ :Iti02 • ~ T~O('ETHSR WITH sU imiprovemenb non or 6eresfter located on eaid real property and all firtures, appliances, BPP~tus. eQuiPment, heetin6 and sir coaditionins equiPmeat, machinery and articles of personal Propei'tY and nplacement thersoE (otbez tbe~t tlrb~e owned 63? leMee~ oE said t+ed PropedY) now or hereatter atCuced to, attached to, placed npon. or ~~sed in any w~ay in connectioa with tbe complete and comforiable we. ooc~pancy. or operation o[ said reel P*oPedY. s11 - licenses an~ permib used or required in rnnnection witb t6e nse of said re~l ProPerty. all leese~ of said real PropedY now or hee+ea[ter entered into and all ri~ht, title and intere~t of Mort~ar the~eunder. inclndine wituo~t limitation. cash or securi- ties deposited tber~nder purwant to said Itasss. ard all rents. iewes. Proceeds. aad pmCb accrnin~ (rom said real Propertl? and togat6er with all proceeds ot tbs ooaveesioo, vdnntar~r or inv~oluntarq of any of the ioresoins into c~h or liquidated claim~ indudins Nrithout limifation. Proetedr oE inwranee and oondemnatan awatd~ (the foreaoins ~aid t~l PmPertY. tanaible and ia~e Pennnal P~~P hereimftes referred to as the Mort~ed Prq~erh?). Mortaasor 6ereby sranb - to Mortaaase a iecuriq? intere~t in the for~ described tanai6le and intan~ible Pe~onal P~~Y• TO HAVS AND TO HOLD tbe 1blort~aaed Property, ~tadether wiW sU and aiasulsr tbe te~t+, hereditamenb and ~ appurtensnoe~ tbereunto belonain~ or in anYwus ePPer~inint and tbe reversion and revenions thereot and all the eatate. riat?t, title, iaterest, home~tead. dower aad ri(~ht of dower, separate estatc. pasewon. claim and demand whatsoever. as we11 in 1aw as in equitY. of Most~or and unto the ~ame. and everq part thereof, with the appurtenances of Mort;aaor in and. to the asme. and every pert and pet+eel tbsreot unto Mortgasee. Mortgn~or warranb tbat it Las a sood and marketable title to an indefeasible tee eatate in the Mortgaaed Property _ wbiect to no lien, charge or encumbsance ~cept auc6 as Mortgagee has agreed to acospt in writins and Mortgaaor~ooveoanb. that this Mortaage is and wiri remain a valid and eaton~eable first mortgage on the Mostgeaed Property subject only to the ~ ezceptions 6erein pmvided Mortaa6or 6aa fiill power sud lawful antlwrity to mortaage t6e Mottgaged Pmperty in the manner and form herein doae or intended hereeker to be done. Mortgaaor ~riil pre~ern such title and aill [orever wrarrant f E and defend t6e ssme to Mortaesee and will Ioraver ~rarrant and defend tbe validity and priority ot th~ lien hereof asaind t tbe claims of all person~ atd P~ w6oa~oever. ! Mortgaaor will, a! the oo~t oE Mort~or. and witbout espe~e W Mortgagee, do, enecute. ackaowledae and deliver all ~ aad eve~y mcb furt6er acb, deeds. conveyance~ ~rt8n8es. assiBnments. noticea of aseignment. transfers and essurancea as Mortaeaee shall trom time to time require in.order to pr~erve the prioritq oE t6e lien of thia Mortaage or to facilitate the performanee of tbe terms hereot. PAOVIDED. HOWSVER, that it Mortgaaor s6a11 pay to Mortgagee the indebtedness in the principel sum of nAn - c1A ar evidenced by t6at cestain promissory note (tbe Note), of even date herewith, ezecuted by Mortgasor and payable to order o[ Mortgagee. witb intenst and upon the terms as provided therein. and to~etLer witb all other sums advanced try Mortasgee to or oa bebalf ot Mortaagor pursuant to tbe Note or tbis Mortgege. t6e final maturity date of the Note and t6is Mortgase beins T~n years ,~~1 per(orm all otber covenanta and conditio~ of the Note, all of the terms of which Note are incorporated herein by reterence as t6ough set forth fully here- iq and of anp ranewal, eztendon or moditicatioq tLereof and o[ this Mortgaae. then this Mort~e and t6e estate hereby creeted ehalt cease aad terminate. Mort;egor fnrtber comenanta and aarees wit6 Mortgaaee as tollows: 1. To pay all wm~„ includins interest ~.vred 6ereb~? wben due. es provided tor in tbe Note and any renewal, eztenaion or moditication thet~eof and in this Mo:taa6e. aIl wc6 sums to be payabia in lawful money ot the United 3tatea ot America at Mort;esee'~ eforesaid principal office, or at sucb o#her plaee as Mortsagee may designate in writing. 2 To pay when due, and witlwut requirina any notice trom Mort~ages, all tazea, as~eMmenta of any type or aature and other chersea levied or assea~sed aaaind the Mortaaged Property or this Mo~rtgage and produoe receipts t6erefor upoa demand To immediatelY PeY ~Y ~1aim, lien ~ sncumbtanoe aaainst the Mottsaeed Propetty whicb may be or become wperior to tLis Mortaege and to permit ~w detault or delinquency oa anY other lien. encumbranoe or char~e against tl~e ModBaaed PmpertY- 3. If reqaired by Mortaaaee. to also make monthly depo~ib with Mort~aaee, in a non-interest bearina acoount, to- sether wit6 and in additioa to intazest and principal, ot a sum eqnal to one-tweUW of tbe yearly taze~ and aeseasment~ which may be levied aaaind the Mort~a6ed PropertY, and !if w i~e4~red) one-twelftb ot tl~e Y~Y Premiums for insuranoe tbereon Tbe amount ot such ta:es, s~nenta and premiums, when uaknoam, ~hall be estimated by Mortsaaee. 3uch depoiits e6a11 be wsd by MoTt~es to pay soch t~es. a~menta and peemium~ when due. My inwfticiency oE wc6 ~ ~ ~ y~ d~~ I~ P11CE ~ : ~ . .t,~yP,.._.. _ . _ ~ . "