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Home My WebLink About0565 . ~ i ORTGAGE DEED AND SECURITY ~~GR~EMEN~`• ` ~ THIS MOIt'1~(iA(#e DSSD (tLe Mosta~e). dsted +u ot ~v' T , la . b~? and bet`"ee° lUTHBRINS S. BIBLS (6eteinatte: called Mortaa`or) at~d Sui'i Bsnk ot St. Luc3e County , bsvin` an o[tice at 111 Os'ange Avenue, Fort PierCe• . Florida (bereinafser caped Mortaagee): WITNS388TH. tl~at in contideration of tl~e premises and in order to socure tbe paymeat o[ both the principal ot. and intee~t and apy other sums payable on the note (as 6ereinatter defined) or t6is MoKSsae and tbe periorraance and ob- servance oE sU ot t6e provisiom hereot aAd o[ ssid note. Mortaaaor 6ereb3? ~ranb. ~e11r. warranb. aliei?s. *emises. e~elen~es. conveyi, as~ns~ trenstees~ mortaaaes and seb over and conC~rans unto Mort~~ce. all ot Morlsasor i eatate. ri~tht, title and iaterest in. to and uader atl tbat certain real property situate in County, Florida more perticuiarly described a~ toUows: Lot 13, Block 384 of PORT ST. LOCIE SSCTION 6, a Subdivision according to the Plat thereof recorded in Plat Boak 12, Paqe 36A and 36D of the Public Recerds of St. Lucfe Oounty, Florida. ~F FLORID~ oo ~ ~TAT'~ ~n ' )OCUMENTARY•~'~~::; STAMP 1~~'~ 0~ = p~ ~r~ ~ T~ iEPT.- VENUE :r~ ~ ON CLASS Y11A1l6~LF PER S O k A I - _ ~~•~i i 2, 0 0 1 ~ wiwr To c~T~ n-13~ ACTi 0? n r. . , ~ _ ~p ax ' C~EM ~CMi 1~INtT~ ~ .1~ - ~O` J - - , ~ TO('EI'HBR WITH all impmvementa naw or hereafter located on said rea! property and all ti:turea. appliances, apparatus. equipment, heatins and air conditioaing equipment, machinery and articles of pe~aonal property and replacement thereof (ot6er than those owned by leasees oE said *cal property) now or 6ereatter atfined to. attached to, piaced upon. or i~sed in any way in connection with tl~e rnmplete aad comfortable uae. occupancy. or operation of aaid real pmperty. a11 licenaes and permita used or required in connection with the use o[ said resl pmpetty. all leasea o[ said real pmperty now or hereatter entered into and all riaht, title and interest of Mortgagor thet~eunder. includina without limitation, caa6 or securi- ties de{wsited tbereunder purauant to aaid leasee. and aU renb. iesues, Proceeds. and profits accruing imm aaid re~al P~Pe~Y aad toget6er wit6 all pmceeds of the converAioa, voluntary or involuntary o~ any of the foregoina into casb or liquidated claims, including with~t limitation..Proceeds of insurance and condemnation awards lt6e foreaoing aaid real property. tangible and intangible personal pmperty hereinatter referred to as the Mortgaged Property). Mottgagor hereby Branta to Mortgaaee a security interest in the foregoina described tangible and 'u?tansible petsonal ptoperty. TO HAVE AND TO HOLD the Mortgaged Property, tagether with all and singular the tenements, heseditamenta and appurtena~ t6ereunto belonging or in anywise appertaining and the reveiaion and reveraioas thereof aad all the estate~ - right, title, intereat, homestead, dower and right ot dower, aeparate estate. poeeeasion. claim and demand whatsoever. aa well in law as in equity. ot Mortgagor and unto the same. and every part thereof, wiW the app?ertenan~ea ot Mortgagor in and to the same, and every part and parcel thereot unto Mortaagee. ~ Mortgagor warranta that it tws a good and marketnWe title to nn indefeasible tee eatate in the Mortgaged Property ~i subject to no lien, charge or encumbrance e:cept such as Mortgagee I~as agreed to accept in writing and Mortgagor rnvenanta t6at t6is Mortgage ia and will remain a valid and entorceable fi~st mnrtaage on the Mortgage~ Property aubject only to the ; ezceptions herein provided Mo~agor has full power and law(ul sut6ority to mortgage the Mortgaged Pmpedy in the # manner and form 6erein done or inteaded 6ereafter to 6e done. Mortgagor wili preaerve such title and will torever warrant ~ and de[end the eame to Mortgagee a;_d will forever warrant sind defend the validity and priority of the lien hereot against ~ the claims of all persons and parties whomscever. `t, . r Mortgagor will, at the ~ost oi Mortgagor. and without ezpense to Modgagee. do. e~acecute, acknowledge and deliver a11 and every such further acts, deeds, conveyances, mortgagea, assiBnmenta. notices of asaignment, transfera and asa~rences as Mortaagee ahall from time ta time require in order to preaerve the priority of the lien of this Mortgage or to facilitate the performance ot the terma hereol. ~ PROVIDED, HOWEVER, that if Mortgagor sbali pay to MortgaBee tLe indebtednesa in the principal sum of = R(1An _ A(1 aa evidenced by that certain promisaory note (the Note), o[ even date 6erewitb, e:ecuted by Mortgagor and payable to order of Mortgagee, with intereat and upon the-terms as provided therein. and together with all _ other sums advanced by Mortgagee to or on behal( o( Mortgagor puisuant to the Note or lhis Mortgage. the Cnal maturity ~ date ot the Note and this Mortgage being Jai~'.'.:'~--1~ 1981 , and sha11 Pedorm all other rnvenants and conditions of the Note, all of t6e terma of which Note are inrnrporated herein by reterence as though eet (ort6 [uUy here- in~ and of any renewal, ezteasion or modification, thereo( and of t6is Mortgage. then this Mortgage and the estate hereby created al~all cease and terminate. Mortgagor furt6er crinvenants and agrees with Mortgagee as followa: ~ 1. To pay all sums, including intetest secured 6ereby when due. as Provided tor in tlfe Note and any rene'val. e:tension or moditication thereof and in this Mortgaae. al! sach sume to be payable in lawtul money of t6e United Statea ot America at Mortgagee s atoresaid principal otfioe. or at such ot6er place aa Mortgagee msy deaignate in writing. 2. To pay when due. and without requiring any notice from Mortgagee, all t~es, aseeesmenta of any type or bature and other chargea levied or aaeessed a$ainst tbe Mortaaged Property or lhis Mortgage and produce receipfa theretor upon demand. To immediately pay and discharBe any claim. lien or encumbrance againat the Mortgaged Property which maY be or become superior to thia Mortaage snd to permit no de(ault or delinquency on any other lien, encumbrance or charge ~ against the Mortgaged Pmperty.. 3. If required by Mortgagee, to alsa make monthly deposits arith Mortgasee, in a non-interest bearina account. to- 6ether with and in addition to interest and principal. of a sum equal to one-twelfth of tbe yearly tazes and aseessmenta wWch may be levied agains! t6e Mort;aaed Property. and (if so required) one-tweifth ot tbe yearly premiums for insurance tbereon. The amount ot euch ta:ea, asseasments and premiums, wLen unknowd, shall be estimated by Mortgagee. 3uch deposits sball be med by Mort~a~ee to pay such ta:es. as~ssnnents and premi~ms when due. Any insutf:ciency of such -1- ~ ' - ~ S~~~r~ • ~ ~