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61
, ..-IKIARTGAC~E QEED AND 3ECURITY AGREEMENT ~
- - ~ # ~ sept.
THIS MOR'1~GA(iB DBBD ltl~ 11loetsap). d~ted ~ ot l~• . 19 . b3? and betweeA
00l1ST71NTIli JGHi NN1IS I111D R. W1DQI.Iffi~6 M~1NI8, his ~?i.fe
(berawtter cailed Mo~t~oH aad $IAi BA~DC O~F ST. LUCIB OOUI~RY . 6avins an -
111 Qtanqe 1lvenue, Fort Pies'ce. Florida 3~~~apda (bsreiaatter caUed Mort~ee);
WITNBSi~3STfl. tbd ia ooerideratioa d th~ premiw and in order to ~ecnrs ths ps~?msnt of both tl~s principat of. and
iatere~t and aip ot6et war pqabb oa th~ not~ (a~ hereioaftee dsfinsd) os t6it Moetaess and ths pedoraasnce snd ob-
~sevanas d al1 ot tbe piamiian I~ed wd d Mid note. Mortp~or Iwreb~? Ranb. ~s1b. ~rarraAb. slien~. remi~e~. z'eleases.
c~oavyR a~, tra~fe~ mo~t~e~ aod ieb o~ror snd ~tn'nm~ unto Mortaa~es. aU ot Mortsa~o~'s e~tate. riRhk title and
iabrMt i~, b aod nwder at! th~t oertais t~l propertp atuate in se* r..u.~ e CountY. Florida more particularly
de~eeibd as tolio~ws:
Lot 22, Block 49, RIVBR P~R1C St~BDIVISION, ONIT ~5, as per plat thereof recorded
in Plat Hook 11, at Page 31, o~-the Public Records of St. Lucie (7ounty, Florida.
~
This aort~qage is beinq re-recorded to correct an error in notary aclcno~~ledqe~aent. ~
Orriqinal reoos+ded Jnlp 22, 1977 in O.R. Hook 271 paqes 1109 thru 1114 Public
~oords of St. Lucie ~unty . Fla. '
FLORIDJI STlliB At~iD FLORID~1 STATB INT7INGIBLS Tl1X AAVB BSBN PAID.
REl~NED ~ h I9~,t e'~u~C.T rV-t.
DUE ON q.llSS'C' 1lfTAl'161SLE PER9pt1K pp~Jt
lURSIIANT TO pi11PIER 71-13/. ACfS OF 2~7L ~
R06Elt. PORWIS
~ 'POG~R WlTH all inopro~emenb now or 6ereafter located oa ~
rea! pr~opet~y
~tid ~~ppliancea,
~PP~~. ~P~d, ~~f ~~~~P~IIt, machinery and uticle~ ot penonal property and replaoement
tl~sreof (oH~ar t6m tLo~e awAed b~ lea~ss ot a~id nal propedy) no*r or heresfter affued to. attached to, plaoed upon, or ~
med in a~r wa~ m eoaeectiow witb tbe oom~iete and camtorta~le use, ocruPancY, or aperation o[ eaid real PmPert3?, aU ~
lice~ea aad pecmib u~ed os ieq~ored "a caousdioa witb t6e me of wtid reat proPettp. ull lea~ea of said real PmPe*~Y taw or
be~e~ft~ su~sred 'mb and all ~ titla aad 'uferest of Mott~or theeeunder. iacludins wit6ou~ limitation. cash or securi-
ties depoited tbereueder pan~uR to rid 1e+sse~. a~d al! re~N. iwe~. Pmoeeds, and peoCfa accruin6 from said real prope*tY
and to~etLer wnh aD peooeeds d tLe ooaveraoo. Mo~nVry or inv~oluntary oE any o[ ths toresoiaa into cash or liquidated
elaim~. i~os withoot 1~ P~ooeeds ot iAw~tanee a~d oondemaation awatds (t6e toresoins said teai Pmserty. .
t~ngi6le sad iwtaa~is pasoad p~opettp bsre~aafter retere~ed to aa We Mortaaged Psoperty)- Mort~~or Lereby arants
to Mw~tp~ee a aecarifij iote.aert is tbe t~ d~e~cribed tangibie aAd intan~ible Pe~~ P~~Y.
'!i0 HAVB AND 1~0 HOLD t6e Mo:t~s~+e~ Propertp. tosetber with all and singular tbe teaements. bereditamenta and
: appurtenoooes t~b bdo~ia~ ~ in as~wi~e appe~ctainins and tLe rev~sion and ieversio~ t6eteof a~ all the euate~
: ti~~ ti84 intei'al. h~m~te~1. dawat and risbt at dor?er. ~ep~rate edate, Poees~ion. claim and demand whatsoever. as ~
. wdl in law a~ in eq~t~. ot ~to:t~ and uMo 16e same, and every pad t6ereot, w~ith the appartena~ea o[ Mortgasor in -
and to tbe sso~q and e~re~ pat aad parcd t6ereot unto Mort~ee.
Mortaa`or rrarranb that it bas a~ood and noaiketabk title to an indeteasible fee eMate in tbe Mottaaged Property
wbject to no tien. cbar~e or encm~bp?noe ezcept aticL as Mortgngee bas a6reed to amept in writins and Mortgagor covenanta
tbat this Moit~~e is aad wriR rimais a valid snd entoe+oeable Cust mortaage on tbe Mortgaged _ Froperty subject only to the
esoeptioo~ l~eeia pwided ~tort~or Ims fall power and lawful sut6ority to mortgaae the Mortgaged Property in the
maaner a~i torm ~ein dme or inbeaded 6e~a~fter to be done. Mortaaaor wiU pnserve such titk and wrill foiever wrarrai?t
I and defeod tbe Yse io Dtort~ee ana w~l toiever w?arrant aad defend tbe vatidity and priority of the lien hereot aaainst
~ the claim~ o[ aii pe:soos and p~rties wbom~oever. _ . -
N Mort~ w~l, at t6e eod d lrto~rtpaos, sad wit6out e:pewe to Mortaagee, do, asec~te, acknowled6e snd deliver all
i add ever~ wub fuit6er acl~. dsed~ eoaverana+~. m~t~aEe~„ ~nmenls. twtioes of assiaamen~- transfen and aes~usacea as
~ Mort~a~ee ~hail tea~ time to t~e reqnire in order to praeeve the _ priority o[ tbe lien of this Mortaaae or to tacilitste the
~ pertora~ssoe d tl~e t~ecros bee~eof_
~ PROVIDED, SOWSVSR, tLat if Mort~or sLall PeY to Mortgagee the indebtedness in t6e priacipal sum ot
= 21, 000.00 - a~ evideaoed by tbst certain gmmiasory note (the Note), of even .date berewith, ~ecuted by
Mo~t~ssor and p~ya6le to oeder d Moet~ee. with intee+est and upon the terms as provided therein. and together with all
other ~ams advam.~ed by Mort~r~se to or on be6alf of Mortaagor puia~ant to tbe Note or tl~a Mort~e, tbe tu~al maturity
~ date ot tLe Nats aad tLis Mortp~e ban~ . aad shall perform all other covenants and
oonditiar of tLe Note, aD o[ tbe ternos ot rvhicL Note are incorporated herein by ieterenoe as tlauah iet Eorth fully here-
in. and of a~q? re~ewal, estearioo or modification, tbereot and ot this Mortsage, then t6ia Mortgaae and tbe e~tate 6ereby
cee~ted ~hd! eea~e and tet~oio~t~
Mottp~or fattber ooe~ema~s anl a~ees ~rit6 Mottgasee as follawa:
L To pq all a~mr,, iedo~ns iatere~t ~c~tred hereb~? w~ben due. as provided for en t6e Note and aay renewal, e~tteasion
or modif'~catio~ theied asd in t~is Mortaag~e, all wch sum~ to be pwqable in 1awfW ~ney of tbe United 3tate~ of America
at Mort~se's atoterid priociql d6cG. or at sach otber place as Mortgagee may d~ignate in writing.
2 To pay w6ea duR and witbo~t requirins any notioe irom Mortaagee, all t~eti arseaments oE any type or nature
and otber ebar~es Mvied or a~ed a~aia~t tbe Mortaased Peoperty os Wis Mortaage and produce receipt~ thereior upon
de~nd. To immediatel~r pa~r aod duchar~e aqy claim, liea os enrumbrance aaainst the Mortgaaed Proparty ~vhic6 may be =
or be~~aoe wperior tio tLis Maitp~e aad to permit no detanh or delinquency on any other lien. encumbranc.~e or charae
a6aiast We M~tp~ed Props~t~. -
3. If rsqoii'ed bp 1~[att~a~ee. to abo m~ke montbly depoab with Mortgagee, in a non-interest bearins acoounk to-
~ether witb ard 'm a~dition to iderwt and pri~ncipd, ot a anm equal to ons-tw~elfth ot t6e yeady t~es and aMe~nenb which
may 6e levied apurt t~e Matt~a~ed ProPert7. snd (ii s~ required) one-twelft6 ot the yearly pr~aiums Eor inwrance
tbereon. TLe amoe~t af soeL tau~ a~b and preminm~, wbet~ unknown. ahaU be e~timated by Mottsaaee. 3uch
d~popb s6~1I bs ~ed b!? Mort~ee b pqr tuc~ tue~. aMeamen4 aad piamiums vvben dne. Any inwfC~ciencj? ot wch
_1_ .
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= . ~ eooK274 ~E 805