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Home My WebLink About0369 ~y ~ :~34381 ~ . . MORTGAGE DEED AND SECURITY AGREEMENT . TH*.S MORTGAGS DTsED (the Mort~sse), dated a~ of ~tobet 28 , 18 hy and betwoen f~iLFRSD COX AND !'ARY AI~iN COX, his rvife (l~e~rinafter called Mortau~or) and SUN BANK OF ST. LZICIE G~Ol1NTY , havina an ot[ice at 111 O~cBAge Avenue, Fort PferCe, , Florida (hereiilntter railed Mortgagee); WITNB338't'H. tl~at in consideration ot tho premises and in order to secure tbe payaaent ot both the principal ot, s~d interest and any otl~er swns payable on the note (as hereinaiter detined) o: . Shis Mortgage and the pertom~ance and ob- servaaes of ap ot the proviaio~s hereot and of said rate. Mortaagor hereby srants. sells. warrants, alieos. cemiscs, releseea, conveys. assi~ns, tranatera, mortsa~es and seb ovcr and confirms unto Mortsasee. alt ot Modgeaor a estate. rUtht~ tiUe and interest in, to aad ur~der ap that certain real property situate in Cou~ty. Florida more particularly described as toUows: Lvt 11, Block 6 SOITi'~RN PINE SUSDMSION as per plat thereof recorded in Plat Book 9, paqe 68 of the Public Records of St. Lucie County, Florida. ~TATE ~F FLOR~C? ~ )UCUMENTARY STAMP TA I 7 o G ~ 7F - - ~ ?EVT. Of iiEVENUE ' = ~ 0~ ~ _ . p _ , •'f ~ ~ F aM CUSS C?N1R:.s8tcN p~;.Xi:~ p~r T _ P~_~t01f 1~'11 I v. O O I ~UAMT TO ~~,,T P.RSp ~ =~sio. " TS~ ~ ' . ~ . cl~ p~~, ~ ~~st;i pcR~ ~ MP~~ ~ ; ~ ~T, T ~ ~ ~ '1'OCE1'HBR WITH all impmvementa now or hereatter located on aaid r~l property and all ti:tures, appliances, apparatue, equipment, heating and air conditioning equipment, machiaery and articlea oi personal pmperty and replacement thereof (other than those. owned by le~ees oE aaid real property) now or hereaiter a((ixed to, attached to. placed upon, or u~ed in any way in connection wit6 the complete and rnm(ortable use. oocu~~ancy. or operation of said real property, atl licensea and permite uaed or required in connection with the use of said real property, aU leaees of said real pmpeHy now or hereatter entered into and alt right, titie and interest ot Mortgagor thereunder, including without limitation, cash or securi- ties deposited tbereur~der pursuant to eaid leasea, and all renfs. iss~es, Pt~oceede. and pm6ts uccniing from said r~l pro~rty _ and together with all proceeds ot the conversion, voluntary or involuntary of any of the toreaoin6 into cash or liquidated claims~ including without limitation, pmceeds of iasurance and condemnation awanla (the foregoi~~g aaid real property, tangible sud intangible persoaal pmperty hereinafter reterred to as tt:e Mort6aged Properiy). Mortgagor hereby granta . to Morigagee a security interest in tl~e foregoinR described -tangible and intangible pereonal property. _ TO HAVE AND TO HOLD the Mortgaged Pmperty, together with a!1 and singuiar the tenementa, here~itaments and appurtenances thereunto belonging or in anywise appertaining and the reversion and reveision thereof and al) the estate, right, title, interest, homeatead, dower and right ot dower. separate estate. po~esaion, clairn and deroand whatscever, _as well in law aa in equity, of Mortgagor and unto the same. and every part thereof, with the appurtenancea of Mortgagor in and to the aame~ ~nd every part and parcel fhereot unto Mortgagee. Mortgagor watranta that it has a good and marketable title to an indefeasible fee eatate in the Mortgaged Property subject to no Gen, cl~arge or encumbrance e:cept suc6 as Mortgagee has agreed to accept in writing and Mortgagor covenants thaf this Mortgage is and will remain a valid and enforceable ~rst mortgage on lhe Mortgaged Property subject only to the e:ceptions herein provided_ Mortgagor has tull power and lawful authority to mortg~tge the Mortgaged Pmperty in the I manner and form hetein done or intended bereafter to be done_ Mortgagor will preserve such title and will forever warrant , ~ and dPfend the same to Mortgagee and will forever warrant and defald the vali~'i!y and priority of the lien hereot against ~ the claima ot all persons and partiea whomsoever. # ~ Mortgagor will, at t6e east of Mortgagor, and without e:penae to Mortgagee, do, e:ecute~ acknowledge and deliver all ~ and every sach further acta, deeds. conveyances, mortgagea, a~ignmenta, notices of assignment, trans(ers and assurances as ~ Mortgagee ahall fmm time to time require in order to preserve the priority of the lien of this Mortgage or to facilitate the pe:tormance of the terma 6ereof. PROVIDED. HOWEVER, that i( Mortgagor ahall pay i:: Mortgagee the indebtednes~s in t6e principal sum ot s 12, ~O~_ L~n ~~~nced by that certain pmmiseory note (the Note), o( even date herewith, ezecuted by Mortgagor and payable to order of Mortgagee, with interest and up~n the terms as pro~~ded therein, and together with all other aums advanced by Mortgagee to or on behalf of Mortgagor pu~suant to the Note or this Mortgage, the final maturity date ot t6e Note and thia Mortgage being . and shall periorm all other covenants and ~ conditions of the Note, aU ot the terms of which Note are incorporated herein by reterence aa though aet [orth fully here- in, and of any rnnev`al, e:tension or modifiration, thereot and of t6is Mottgage, th.en this Mortgage and the estate hereby created shall ceaae and terminate. Mortgagor (urther rnnvenanta and agrees with Mortgagee aa tollowa: 1. To pey all sums, including interest se~.vred ~ereby w6en due, ae pmvided tor in the Note and any renewal. e:tension or moditication thereof and in this Mortgage, aU such sum~ to be payable in lawtul money of ibe United States oi America E at Mortgagee a aforesaid principal ofrc~e, or at such other place as Mottgagee may designate in writing_ - 3 2. To pay when due. and wit6out requiring any notice (rum Mortgagce, all tazes, ase~emeata of any type or nature and other :har,;es levied or asseeeed against t6e Murtgaged Pmperty or t6is Mortgsge and produce receipta therefor upon d~mand. To immediately pay and disct,arge any claim, lien or encumbrance agaimst the Mortgaged Pevperty which may be or become zwperior to t6is Mortgage and to permit no detault or delinquency on any other lien, encumbrance or cbarge 1 i against the Mortgaged Propedy. 3. Ii required by Mortgagee, to also make monthly depo~ita with Mortgagee~ in a non-interest bearing account, to- ~ get6er with and in addition to inteseat and principal, of a sum equal to one-twelft6 of the yearly t~es and asseasments which may be levied agaiast the Mortgaged Pmperty, and (if eo .reqnired) one-hveltt6 ot the yeady premiums for insurance thereon. The amount of sueb t~ea. a~nenta and premiums, when unknown, ahfill be estimated by Mortgagee. Such deposita ahall be used by Mortgagee to pay such ta:ea, a~nents and premiums when dne. Any insutficiency ~t such ~ ' ~ t ~ B~OK~~ ~ t~ ( _