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Home My WebLink About0057 38~i84 ~ ° ; , ~ MORTGAGE DEED AND SECURITY AGREEMENT THI8 MORTGA(3fi DEED (the Mortaaae), dated w ot ~jtt. zl , 18~, by and between RAYldOND GORDON AND DORA LBB (~ORDOAi, his ~rife (6ereina[ter called Mortgagor) and SUN BAN1C OF ST. LUCIS QOLINTY , having un ottice at 111 Oranqe Avenue, Fort Piezcs . Florida (hereinalter called Mortgugee); WITNE89ETH. tl~t in consideration ot the premises and in order to secure tbe payment ot both the principal ot, and interest and any other sums payab[e on tt~e note (as hereinatter defined) or this Mortgase and !!~e pertormance and ob- servance ot al) oE tl~e proviaioes hareoE and ot said note, Mortaaaor hereby 6ranta, seUa. warranb, aliens. remisea~ releasea, conveys, as~ian~. transter~. mort~ages and sets over and continas unto Mortgagee. all ot Mortsasos's e~tete. right~ title and interest iq to and under all that certain real propedy situate in St. LuCie Couoty, Florida more particularly described as toUowa: Lots 1 and 2, Block "D" of ALMANDA VISTA SUBDIVISION as per plat thereof reocrde@ in Plat Book 5 at page 49 of the Public Records of St. Lucie County, Florida. STATE ~F F~~F?iC)A ~ QOtUMEN'ARY~; ~-.::,~STA'MP in> ~ O- ~~IN PAtti~1EN[T OF iAxE~ DE~(. Gi HEVENUE f~'~ - I O - - f~ DlE OM CllISS'C' INTANGI6LE PERS(t~U1l P'?OPEt2iY. x~ 1 ~•r~ ~ 1 5. 0 0 1 ~u~r~wt w u+~?PTE~ n•i~, NcTS o~ iy~?. .r,~ c 0 ~ ~ eoc~ Poirw~ 1 ~ ' CIf~K CIIlCl11T COUfIT, ST. UN:IE C0, fU1~ ~ 'I'O('ETHER WITH aU improvementa now or hereaftet located on aaid real property and all f~turea, appliances, apparatus, equipment, heating and air conditioning equipment. maclunery and articlea ot pereonal pmperty and replacement thereof (other than t6aee owned by leasee~s of eaid te~el pmpedy) aow or 6ereetter affi:ed to. attached to, placed upon, or used in any way in connection with the complMe and com[ortable use, occupancy, or operation ot said rPat property, all liceneea and permita used or required in rnnnection with the we oE said real property, atl leases of eaid reai property now or herea[ter entered into and all riaht, title and intereat of Mortgagor lhereunder, including without limitation, ceah or securi- liea depoeited thereunder pursuant to eaid leases; and aU rente. iesue~, pra.~ds, and pe+ofits accruing trom said real property and together with all proceeds o[ the rnnversion, voluntary or involuntary ot any of the toregoing into cash or liquidated claims~ including wit6out limitation. pra.~eecis of inauraace and rnndemnation awards (the foregoing said real preperty, tangibte and intangible penonal propedy hereinafter reterred to as the Mortgaged Pmperty). Mortgagor hereby granta to Mostgagee a security intere~at in t6e fotegoing deacribed tangible end intangible personal propeKy. 'PO HAVE AND TO HOLD the Mortaaged Psoperty, together with all and aingular the tenements, hereditamenta and appurtenances lhereunto belongipg or in anywiee appertaining and the reveraion and reveraions thereoi and all the estate, rig6t, tiNe, interest, homestead. dower and right ot dower, separate eatate. poasession. claim and demand whataoever, as well in law aa in equity~ of Mortgagor and unto tlie aame. and every part thereof, with the appurtenancea of Mortgagor in and to the same, and every p~rt and panel thereot unto Mortgagee. Mortgagor warranta that it 6as a good and marketable title to nn indefeaaible fee estate in the Mortgaged Property subject to no lien, cl~arge or encumbrance escept such as Mortgagce has agreed to accept in writing and Mortgagor covenants that thia Mortgage is and will remain a valid and entoro~bie first mortgage on the Mortgaged Pmperty subject only to the e:ceptiona herein provided. Mortgagor haa fuli power and lawtul authority to mortgage the Mortgaged Property in the manner and torm hereea done or intended hereafter to be done. MortEagor wil! preeen+e euch title and will forever warrant and defend t6e eame to Mortgagee and wiil forever warrant and de[end the validity and priority of the lien hereot againat the daims ot all persons and parties whomacever. Mortgagor will~ et the cost of Mortaagor, and without e:pense to Mortgagee~ do, e:ecute, acknowledge and deliver all nnd every such further acte, deeda, conveyancea. mortgages, aseignmenta. notices of a~ignment. transfers and aesurances as Mortgagee s6all fmm time to time eequire in order to preaerve the priority of the lien of thie Modgage or to tacilitate the performance of the terma heeeot_ PROYIDED, HOWEVER, that iI Mortgagoi ahel{ pay to Mortgagee the indehtedness in the prinripal sum of s 10, 000. 00 ~ evidenced by that certain promi~ory note (the Note), of even date herewith, executed by Mortgagor and payable to order ot Mortgugee, with intereat and upon the terais as provided therein, and together with ali other aums advanced by Mortgegce to or on beE~a!( o! Mortgagor pursuant to the Note or this Mortgage, We final maturity date of the Note and tEus Mortgage being - 15,--7e~.6 , and ahal) perform all other covenanta and conditione of the Note~ al) ot tbe terms of which Note are inrnrporated herein by reterence as though set forth tully here- in, and of any renewal, e:tenaion or modification, thereof and of thia Mortgage, then this Mortgage and tbe eatate heteby created ahall ceaee and terminate. Mortgagor turt6er rnnvenanta and agreee with Mortgagee aa [ollows: 1. To pay all sums, including interest aecured hereby when due, as prm~ded for in the Note and any renewal, e:tension or moditication t6ereot and in this Mortgage, all such sums to be payable in lawful money of the Unifed States of America at Mortgagee's aforeaaid principal otGce. or at ench other plaee as Mortgagee may deaignate in writing. 2. To pay when due, and without requiring any notice (mm Mortgagee, atl ta:es. aaee~menta o( any type or nature and other c6argea levied or a~esed againat the Mortgaged Property or thia Mortgage and pmciuce receipta Weretor upon demand. To immediately pay and discharge any claim, lien or encumbrance againat the Mortgaged Property which may be or become superior to this Mortgage and to pernut no detault or delinquenry on any other lien, encumbrance or charge against the Mortga~ced Property. 3. If reqnired by Mortgagee, to also make montWy deposits with Mortgagee~ in a non-intereat bearing account, to- gether v?ith and in addition to interest and principal, ot a sum equal to one-tweltth of the yearly taues and aeeessments w6ich may be levied Rgainrt the Mortgaged Property, and (it eo requited) one-twel[th of the yeady prenriuma tor insurance thereon. The auwunt ot wch ta~ces, asseasmenta and premium~~ when unknown~ ahall be eatinnated bq Mortgagee. Such deposita shall be used by MortqaAee to p~y such tuea, a~asments and premiums when due. Any inauf[iciency oE such ~ b~~~2;-~ p~~E 57