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Home My WebLink About0282 . _ ~ s - -~~~u 1`~ MORTGAGE DEED AND SECURlTY AGREEMEN~~~ . THI3 MORTGA(iS DBSD (tbs Mort~age). dated as ot Sept. g ~ 18 , by and between HOWARD PORB OF FLORYDA• INC. (hereinattet called Mortgegor) and g~ ~K OF ST. LUCIE COUNTY e~ ottice at 111 Ordnqe AveAUe~ Fort PferCe , Florida (hereinatter cailed Mortgugee); WI'PNS88STH. that in conaideration ot the premise~ and in order to secnre the payment ot both tbe prlncipal ot, and intere~! und any other sum~ payahle on tl~e note (as heteinattes detined) or this Mortaaae and the pertormance and ob- ~etvance of aU oE the provisions hereof and ot said note, Mortaaaor hereby graAta. se11s. warrants, aliens, retnises. releases, coaveys. aaei~n~ teanaten. mortgage~ and seh over end contirma unto Mortaasee, ali o[ Mortasgor's estate. riRht~ title aad interat iq M and uuder aU that certain real pmperty situate in I~uCil3 Cauaty. Florida more periicularly . de~cribed as tollow~: _Condominium Parcel 736 af O(~AN VILI.AS II, according to the Declaration of Condominium thereof, recorded in Official Records Book 271, paqe 2876 to 2939 inclusive of the Public Records of St. Lucie Oounty, Floridat toqether with an undivided interest in the comnaon elements and limited caDa~on eleaents thereof, toqether with all appur- tenances thereunto belonginy in or any~vise appertaining. N STAT~ Fi_C3 R I D A R~"~o `5 o F I s-_____ rH p~r~Etrr af uxE,t ~ z DOCUMEN7ARY~~:;r STAMP T n r ~ ~ ~M C!-155'C INTAWGIBIE Y~~~~ ~ p~ q~ c-+ ° DEPT, OF REYENUE i~~, PURSIfANT TO CHAPTER 11•134. A;;$ pF lg» ~ =r N = _ ~EP29'17 ' . " " 3 T. 5 0 f ~?~~?ti ~'Jf~j r- P.B. r^~ ~ CIIiCUii CWRT, LtN;IE C0, Fl/t ~ p ~ 11102 , . '1`O('L~'1'HER WITN all improvements now or hereafter located on eaid real property and all lixtures, appliancea, apparatus~ equipment, heating and air conditioning equipment, machinery and articles o[ pereonal pmperty and replacement thereof (otber t6an those owned by leaseee o[ eaid real property) now or hereatter affued to. attached to, placed upon. or used in any way in conneMion with the complete and comfottable use, occupancy, or operation of esid real property, a~l licensea and permits used or required in connection wit6 t6e use ot aaid resl PropertY. all le~esea of eaid real pmperty now or heresfter entered into and aq right, tide atd interest of Mortgagor thereunder, including witlwut lianitation, caah or aecuri- tiea deposited thereunder pursoant to said leseea. aad aD rent~, i~uea, Proceeds. and profita accnung trom aaid resl Prot~rtY - and together wiW all prooeed~ of tbe rnnversion, voluntary or involuntary o! any of .the [oregoing into caeh or liqaidated claima, including witlwut limitation. Proeee~ds of insarance aad oondemnation awards (the foregoing aaid real P~PertY, tangible and intangible peraonal property 6eseinafter referred to as the Mortgaged Pmpedy). Mortgagor hereby grants to Mortgag~e a security interest in the toregoins described tangible and intengibte pereonal propcrty. TO HAVE AND TO HOLD the Mortgaged Property, together with all and singular the tenements, hereditamenta and appurtenancea thereunto belonginE or in anywise appertainina and the reveraion and reveraions tbereoi and all the estate, sig6t. title. intcrest. homestead. dower and right of dower. eeparete estate. posee~sion. claim and demand whataoever, as weU in law as in equity, af Mortgagor and unto the same~ and eveiy part t6ereof, with the appurtenancea ot Mortgagor in and to the same~ and every pert and patcel thereof unto Mortgagee. Mortgagor warranta that it has a good and marketable title to an inde(eaaible fee eatate in the Mortgaged Property subject to no lien, charge or encumbrance except such as Mortgagee haa agreed to accept in writing and Mortgagor covenants that this Mortaage is and will remain a vatid and en[on~eable litst mortgage on the Mortgaged Pmperty subject only to the e:ceptions berein pravidetl. Mortgaaot bas tull power and lawful suthority to mottgage the Mortgaged Pmperty in the manner and form lierein done or intended herea[ter to be done. Morlgagor will pt+eserve snch title and will torever wariant and defend the same to Mortaagee and will fotever warrant and defend the validity and priority of the lien hereof agairut the claims of ali pe~sons and p~rties w6om~oever. Mortaegor wiU, at the cast ot Mottaagor, and wit6out e:pense to Mo~agee, do, execute, acknowleclge and deliver all and every such farther acta, dee<is, conv~eyanoes, mortgages, aasignmenta, noticea of aesignment, trane[era and aesurances aa Mort~aagee ehall trom time to time require in order to preeerve the priority of the lien of this Mott6ase or to facilitate the performamce of t6e terms hereof. PROVIDED, HOWEVES, t6at if Mortgagor shall pay to Mortgagee the indebtednesa in the principal sum ot f 25' ~ as evidenced by that certain promissory note (the Note), of even date herewit6, ezecuted by Mortgagor and payable to order of Modgagee, wit6 intereet and npon the terms as provided therein. and together weth all ot6er sums advanee~l by Mortgagee W or on bebal! of Mortgagor puisuant to the Note or thia Mottgage, the Cu~al maturity date of the Note and this Mortgege beina ~ and shall per(orm all other coveaaAta and conditione of t6e Note, all ot the terms of whic Note are incorporated herein by re[erence as though set fort6 [ully here- in~ and of any renewal. extension or nnodification, thereof and ot thia Morfgage, then thia Mottgage and t6e ~tate heneby created ahall ceaae and tetminate. Mortaa~or furt6er convenanta and a~rees with Mortgaaee as (ollowa: 1. To pay all sums~ including interest eeruted hereby wben due, as provided tor in tbe Note and any renewal, eztension or modi~cation tbereof and in this Mortgage, a11 such aums to be payahle in lawiul money of t6e United States of America at Mortgaaee's eforeaaid principal of~ice~ or at such otber place as Mortgagee may deaignate in writing_ - 2. To pay when due~ and without nequiring any notice from Mortgagee. all ta:es, ~ments of any type or nature and other chergea levied or ssseased ageinst t6e Mortgaged Pmperty or this Mortgage and produce receipta theretor upoa demand. To immediately pay azid dischatge any claim, lien or encumbrance against the Mortgaged Property which may be or become superior to this Mortgage and to per~nit no default or delinquency on any other tien. encumbrance or charge aRainst the Mortgaged Pmperty. 3. If required by Mottgagee, to also maice monthly deposita with Mortgagee~ in a non-intrrest b~ring account, to- get6er with and in additioa to interESt and principal, ot a.um equal co one-cweUeh oE the yeariy ~ee and a~nents which may be fevied agai~ut the Mortgaged Pmperty~ and (if so required) one-tweltt6 0( the yeady premiums [or insurance tbereon. The amount ot wch t~es. aisea~nenta and premiums, when unknovm, s6ali be estimated by Mortgagee. Such depoaita e~6a11 be ~ued by Mortaagee to pay suc6 ta:es. aaeeasments and premiunos w6en due. Any insufticiency of such -i- ~2 ~5 282