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Home My WebLink About0273 . .t ,1..,t~ ~ . / MORTGAGE DEED AND 3ECURITY AGREEMENT THI3 MORTGAGE DESD (the Mortsa~s). dated a~ o[ ~r a. 19 , by and between pItLANDO and ANGELA DESTITO, his wife (hereinafte~ called Mortaasor) and SUN BANK OF ST. LLTCIE COUNTY en ottica at 111 Oranqe Avenue, Fort Pierce, Florida , Floridu (hereinatter caUed Mortgagee); WITNS99STH. that in consideration ot the premiser and in ordsr to ~ecure t6e payaaent of both tbe principal ot, and intere~t and any other suias psyable on t~ r.ote (a~ 1~ninatter detined) or this Mort~e and tbe pedormance and ob- servancs ot all ot tl~e provisions l~reot aad ot isid note, Mortsasor hereby srant~. sells. warrants. aliens. remisa. releaae~. conveys. a~si~aa. tranaten, mortgaae~ and ~eb over and rnntiraw unto Mort~asee. atl o[ Mortsasor'a e~tate. riRht, title and iaterert in. to and under atl thet certain real property situate in St - t~~^; County. Florida niore perticularly described a~ follows: Lot 12, Block 114 of PORT ST. LUCIE Section 27 a Subdivision accordinq to / Plat thereof recorded in Plat Book 14, Paqe 5 of the Public Re~ords of St. Lucie County, Florida. ..i • ~ _ , ~ / iK P~ ~ru'~t ^,c TA7(E: N STATE ~F F1..0 R i D A~ ~c~~ s,~~s D~_ p~.:`s.+. l PrA: EMTY. ° ~~i oMEV1E UEY~ . s STAMP T~i~t 1~~.SS ~ n.--;• p;,SS Jf 1811~ /Q ' t TO p~;li:J?S ~/~O _ R~6ER RJ6 h„ ~ = ocr: ~•n ~ ~ q~ w~~ st. M = ,.t• ~ 3 Q ~ 0 ~ u~ o = UIO2 •r ~ 1`O('ETNER WITH all impmvementa now or hereatter located on said real pmperty and all fi:tnres, appliancea, apparatns. equipment, heating and air conditioning equipmenk machinery and atticles ot peiaonal property and replacement t6ereof (other than ttase owned by leeseee of said re~l properly) now or 6ereatter afti:ed to. attac6ed to. placed upon. or ueed in any way in rnnnectioe wiW the rnmplete and rnmfortaWe use~ a.~cupancy. or operation ot said real pmperty. all licensea and permita used or required in connection with the use ot eaid real pmperty~ all leases of said real pmperty now or 6ereafter entered into and al! rish1, title and interest of Mort6agor thereunder. including without limitation, caa6 or securi- tiee deposited thereunder purauent to aaid leasea, and all renb. iasues. proc~ceds. and pmfib accruing tmm aaid real property and together with all procceds of tbe rnnvetsioa. voluntary or involuntary of aay ot the tor~oina iato cash or liquidated claims. including without limitation, Proceeds ot insurance end oondemnation awards (tbe toeesoing aaid real pmperty. tangible and, intan~ible personal property hereinafter referred to as the Mort;aged Property). Mortaagor hereby B*enta to Mortgaaee a sec~rity intereat in tbe toregoing deacribed tangible and intanpble personal property. , 'PO HAVE AND TO HOLD the Modgaged Property, together with all and singular tbe tenements, 6ereditaments and appudenancea thereunto belonging or in anywise appertainina and t6a xeversion aod reve~aion thereoE and~ all the estate. rig6t, title, u?terest, homestead, dower and riaht ot dower. aeRarate estate. poeeeeaion, claim and detnand whataoever. as well in law as in equity. of Mortgagor and unto the same. and every part Wereof, wiW the appuctenancea o( Mortgagor in and to the aame, and every part and parcel .thereot unto 111ortgagee. Mortgagor warrants t6at it bas a good and marlcetable title to an indeteasible fee eatate in the Mortgaged Property subject to no lien, charge or eacumbrance e:cept such as Martgagee has agi+~ed to accept in writing and Mortgagor covenants that thie Mortgage is and will remain a valid and enforoeable [irat mortgage on t6e Mortgaged Pmperty subject only to the ~ e:ceptions herein pmvided. Mortgagor bes full power and lawtul suthority to mortgage the Modgaged Pmperty in the ~ manner and torm herein done or intended hereatter to be done. Mortgagor will preserve wch title and will torever warrant ~ and detend tlie same to Mortgagee and will for~wer warrant and defend the validity and priority ot the lien hereot ageinat E • the claima o[ all persons and parties whomsoever. ~ Mortgagor will, at the co~t of Mortgagor, and wit6out e:pense to Mortgagce~ do. eze~.vte~ acknowledge and deliver al! ~ and every such turther acta, deeds. conveyancea, mortgagea, aesigaments. noticea of assigntnent, trana(era and aesurancea aa Mortgagee shail from time to time require in order to preaerve the priority o[ t6e lien of thia Mortgage'or to facilitate the s pertormance of the terma hereof. ~ PROVIDED, HOWEVER, that i[ Mortgagor aha11 pay to Mortgagee the indebtedness in the principal sum of : 2~ ~ ObO. 00 as evidenced by that certain promisaory note (the Note), o[ even date herewith, e:ecuted by Mortgagor and payable to order ot Mortgagee. wit6 intereut and upon the terms aa pmvided therein, and together with all other.sums advanced by Mortgagee to or on behalt of Mottgagor pursuant to t6e Note or this Mortgage, the ~nal maturity ~ date of the Note and this Mortgage being . and d~all pedorm sU other covenants and conditions o[ the Note, all ot the lerms of whic6 ote are inrnrporated herein by reterence as though eet fort6 fully here- in, and of any renewal, e:tension or modification~ thereot and of thia Mortgage, then thia Mortgage and the estate herebY ~ created ehall cease and tertninate. Mortgagor turther convenants and agreea with Mortgagee as tollows: 1. To pey all sums, including intereat secured hereby when due, as provided for In tbe Note and any renewal, eztension or madi(ication thereof and in this Mortgage, all suc6 suma to be payable in lawful money of the United 3tetea of America at Mortgagee's aforeaaid principal o(fioe, or at such other place ae Mortgagee may designate in writing. ~ • ~ 2 To pey when due, and withoat requiring any notice fmm Mortgagee, all t~ea, asseesmenta of any type or nature rtgaged Property or this Mortgage and produce receipts theretor upon ~ and ot6er charges levied or a~sed aeainst tbe Mo demand: To immediately pay and di~charse any claim. lien or encumbrance ageinst the Mortgaged Property ~vhic6 may be or become superior to this Mortaage and to permit no default or delinqaency on any other lien. encambrance or cl~arge ~ againat the Mortgaaed~Pmperty. ~ 3. IE required by Mortgagee, to also make monthly deposits with Mortgagee, in a non-intereat bearin~ account. to- ~ gether with and in addition to interest and principal, o[ a sum equal to one-tweltth ot tbe yearly tues and a~asmenb which may be levied sgauut the Mortgesed Property. and (if so required) one•twelit6 of the yearly premiuais for i~urance thereon. T6e amount ot suc6 ta:es, area~enb and premiums, when unknown, shall be estimated by Mortgagee. _Such ~ deposi4 ~hall be u~ed by MortRaRee to pay sucl~ t~~. aa~menta and premiu~ when due. Any insutficieAry of wc6 , -1- , : t , i- aC~~ 2~ ~~E Z12~ . ~ti ~~e---