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Home My WebLink About0559 _ ~ . . . ~44~17 ~ ~ ; ~ . . . i MORTGAGE DEED AND 3ECURITY AGREEMENT ~ ~ ' t _ THIB MOR'l~CsA(~S DSBD (tbs Mortaase), datsd a~ ot ~~~t 27 , 19~, b~r and bstvreea JIN CAIN AND VIRGINI]l CAIN, his titife (~ereinattR~ called Mortgu~or) and SIJN BAN1C OF ST. LUCIE C~OUNTY , havins an ~ ottice a~ll Ordnqe Avenue, Fort Pierce , Florida (hereina(ter called Modsu6ee); VffITNSSSh"I'H. thnt in conaideretion ot the premises and in ordec to secura tbe p~a,ymeat of both the piincipal ot, snd ~nce~sc a~t ~r oche:.~ ~ya~. on ~ noc~ (a. be~i,~tte: ~r~~> or thii Mortaase and tl~e per[ormance and ob- dervance ot all ot the provisiona here+~E and ot said aote. Morfaasor 6ereb~R. ~ants, se1L, warrants~ aliens. remises` releesea. conveys. sseisns. tra~stets, mortaaaos and sets over and cont'trn~s unto Mortsaaee. all ot Mortaa6or s eatate. ri~tht, title and inlerest in. to end under ali that certain real pmperiy situate in St. L11Cie County. Florida a~ore particulurly deecribed as follows: - Lot 22, Block "A", FRAbIDA(~ SUBDIVISION as per plat thereof recordeci in Plat Book 7, ~Paqe 36 of the Public Records of St. Lucie Oounty, Florida. STATE ~F ~LORl~~~ ~ ~ 70CUMEPlTA~Y:~~~= ~~STAMP tt~ ~ ~ t ~EPT_ OF REVE~IU~ c ` '4 ~ V - F.e. aJY 15'll j - : ~ I 2. O O ~ ~11YE0 •s,~_ ~ ~ = t ~ i~,2~ DYE ~ IX. SS 'C P~~~ ~ TA~"j G~ ~ - , t~li_.:.C 3L. P A5plUl 6 ~ ~stuwr To uuwn. 4, ~cra or q~ RuCcyt P~Ii1tAS ~ ly ~ a~a~r co~.:T uiaE ~a. Eu. TO('ETHER WITH all impmvemenb now or hereatter located on said rea! ptoperty and all fistnres, appliances, apperatus. equipa~ent. heating and air cotiditioning equipment. machinery and articles oi peraonal pmperty and replacement thereof (other than thoee owned by leseeea of said real property) n~w or 6ereatter atfixed to. attached to. placed upon. or used in any way in rnnnection with the complete and comfottable use, occupancy, or operation o[ aaid ~al property. all licenees and permifs naed or requited in eonnection with the e~e of said real pmperty~ al) leases of said resl pmperty now or hereatter enteted into and all right~ title and int~erest of Mottgagor thereunder. iacluding witlwut limitation~ cash or ~eruri- ties depoaited tbereunder pursuant to said leasea. and aU rents. iasues. proceeds. and profits accruing trom eaid real pmperty and together with all pmceeds of t6e conveteion, wluatary or involuntary o[ any of the toregoin6 into caah or liquidated claima, including without fimitation, pmceeds of insurance and condemnation awards (the foreaoing said real property, tan~ble and intangible personal property hereinafter referred to as the Mortgaged Property). Mortaegor hereby srants to Mortaa~ee a security interest in !he fore6oing descri6ed tangible and intangible peiaonal property. TO HAVE AND TO ~IOLD the Mortgaged Property. tcgether with all and singular the teaementa, heieditameats and appurtenancea thereunto belonging or in anywiee appertainina and t6e reveision aad reversions thereo[ and all the estate~ rig6t. tide~ interest, 6omestead, dower and right oi dower. aeparate estate, posseasion. claim and demand what~oever. as well 'en law ae in equity. of Mortgagor and unto the same~ and every part thereof, with the appurtenances o( Mortgagor in and to the same~ and every part and patcel thereot unto Mortgagee. Mortgagor warranta that it has a good and marketable title to un indefeasible tee estate in the Mortgaget! Propedy subject to no lien, charge or encumbrance e:cept such as Mortgagee 6as agreed to accept in writing a~ Mortgagor covenants that this Mortgage is and will remain a vali~i and enforceable first mortgage on the Murtgaged Property subject only to the e:ceptior~s 6erein provicled. Mortgagar has full power and lawful authority to mortgage the Mortgaged Pmperty in We manner and form herein done or intended hereaiter to be done. Mortgagor will pre.aerve such title and will forEVer warrant and defend thd~ame to Mortgagee and will forever warntnt and defend tl~e validity and priority of the tien hereo[ againat tl~e claima o[ aiI pereons and parties whomsoe:~r. Mortgagor will. at the caet of Mortgagor. and without e:pense to Mortga6ee~ do, execule,- acknowledge and deliver all and every such fudher acts, deeda, rnnveyaeces, mortgages, assignmenta, noticea of assignment, tmnsfers and assUrances as Mortgagee nhall from time to time requite in order to preserve the priority oE the lien of thia Mortgage or to facilitate the performance of the terms hereof. PROVIDED, HOWEVER, that if Mortgagor shall pay tb Mortgagee the indebtedne~ in the principal sum of i 8~ ~ ae evidenced by that eertain piomisssry note (the Note), of even date 6erewit6, e:ecated by Mortgagor and payable to order ot ~iortgagee, wit6 intereat and upon the terms aa pmvided ther~ein, and together with all other suma advanced by Mortgagee to or on behali of Mortgagor pursuant to t6e Note or this Mortgage, the final maturity date o! the Note and this Mortgage being Gi ~ 9R7 ~ and ahall perform all other covenants and conditions of the Note, all of t6e terma ot which Note are incorporated herein by reference as thoi:gh set forth fully 6ere- in, and of any renewal, eztension or moditication, thereai and of this Mortgage, then this Mortgage and tbe estate 6ereby . created shaU ceaee and ternunate. Mo: ;-~ur furaher convenants and agrees with Mortgagee as (oDows: 1_ To pay all sums, including interest secvred hereby when due, as provided for in the Note and any renewal. e:tension or modification thereol and in this Mort~ge, all suc6 sums to be payable in lawiul money of the United States ot America at Mortgaaee e aforESaid prinripal office, or at such other place aa Mortgagee may designxte in writing. 2 To pay when due, and wit]wat requiring any notice fmm Mortgagee, all tases, aa~ements o( any type or nature and other chargea leried or a~sessed against t6e Mortga6ed Pmperty or this Mortgage and produce reoeipts therefor upon demand. To immediately pay and disc6arge any claim, lien or encumbrance against the Mortgsaed Property which may be or become wperior to this Mortgage and to permit no default or delinquency on any other lien~ encumbrance or charge against the Mod(~ed Propedy. - 3. If req~ired by Mortgagee, to siso make monthly deposits with Ivlortgagee~ w a non-internst bearins account, to- get~er with and in additioa to interrst and principal, of a aum equal to one-twelft6 of the yead}r ta~ee and aesesements which may be lev;ed agains~ the Mongaged Property~ and (it so required) one-tweltth of the yearly preminme for insurance tbereon. _'The amount of such ta:es` aasessmenta and premi~wns, wtien unknowa~ shall be estimated by Mortgagee. Such deposita shall be used by Mortgagee to pay such ta:ea, ass~sments and preiniums when dne. My insufticiency of snch - _ d00lf 4~ PAGE t~1~ii