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Home My WebLink About0054 / 9 c%~b . . :31~616'7 7v. ~ MORTGAGE DEED AND SECURITY AGREEMENT ~ THIS MORTGAGE DEED Ithe MortBHBe), dated as otNoV. 30 , 19~? , t?y :ind I~tween ~ EARL R. FREDERIKSEN and LILLIAN V. FREDERIKSEN, his wife lhereinafter called Mortgugo~) und SUN BANK OF ST. LUCIE COUNTY , having s~n o[tice ut li'1 Or~"r.qe Avenue, Fort Pierce. , Flo~ida (heminu(ter ct+lled Mortgugee): WITNE33E'1'H, lhat i~ conaideration ot the premises and in order to secure the payment ot twth the priocipal o(, and intereat and any other aums payable on the note (as hereinafter defined) or this Mortgage and the pertormance and ob- sen~snre of s!! of the pmv:.~on. hereo[ and ot said note. MortaAgor hereby granta, eells, warrants, tiliens, remiaee, releusea. conveya, aaeigns, trnnaters, mortgages And aeta over and confirma unto Mortgagee, all ot Mortgugor'a estate, riRht, title and intereat in. to and under all that certnin real properiy situatein st_ ~.uciP _ County, Florida more particularly described as follows: Lot 18, less the Sasterly 26 feet thereof, and Lot 19, less the Wester2y 30.4 feet thereof, together with that portion of the . Southerly 10 feet of that abandoned alley lying inm~ediately Northerly ~ and adjacent thereto, Block 1, CORAL COVE BEACH SUBDIVISION, Section One, as per Plat thereof recorded in Plat Book 11, Page 308, of the ~ Public Records of St. Lucie County, Florida. ' 11~alr~d ~ v.d v In h~k Of Tinw A/I(/A 804 Royal Palm Drive (S. R. A-1-A) p~ p~ M~ ~~~~~~h~~ Fort Pierce, Florida ~rrw~nt To C1wpR~t 71.13~. A~4 Of ~'I1. ao~+ pan+~s TOGETHER WITH permanent, perpetual and non-exclusive F~e~~~~.~ ingress and egress over the following described properties: l. The Northerly 24 feet of the following described property: (CONTINUED ON ATTACHED EXHIBIT A) '1'O('ETHER WITH all improvementa now or hereatter located on said real pro{~erty and all tiztures, :+~?plianiY~c, ap{~aratus, equipment, heating and air conditioning equipment, machinery and articles ot petsonal property and replacement a thereof (other than tho~e owned by lesseea o[ said real properiy) now or herea(ler atfi:ed to, attached to, placed upon, or used in any way in connection with the complete and comtortable use, occupancy, or operntion of said real property, :dl licenses and permits ueed or required in conneclion with the use ot said real property, all leases of said rnal property now or hema(ter entered into and al! right, title and interest ot Mortgagor thereunder, including without limitation, c~sh or sec•uri- ties deposited thereunder pursuant to said levaes, and all mnta, issues, proceeds, and protita accruing from said real properly and together with all proceeda ot the, converaion, voluntary or involuntary ot ~ny o[ the foregoing into cash ur liquid:ited claims, including withaut limitation, proceeda o( insurance and condemnation awarda (t6e foregoing said real ptoperty, tangible and intangible pereonal property hereinatter referred to as the Mortgaged Property). MortgaRor hereby Kranlc to Mortgagee a aecurity intereat in the torngoinR described tangible and intangibfe personal property. TO HAVE AND TO HOLD the Mortgaged Pmperty, toqether with aU and singular the tenementa, hereditaments :~nd appwrtenancea theteunto belonging or in anywise appertaining ~nd the re~~ersion and reversions thereot and all the estate, right, title, interest, homeatead, dower and right ot dower, se~~arate estate, possession, claim and dem:~nd wh:itsoever, as wel! in law as in equity, ot Mortga~gor and unto the s:ime, and every part thereof, with the appurtenancea of MortgaKor in and to the same, and every ps~rt and {~ar~~el thereot unto 141ortgaRee. Mortgagor warrants that it haa a good and marketable title to an indefeasible fee eatate in the MortgaRecl Pro~~erty subject to no lien, charge or encumbrance e:cept auch aa blortgagee has ugreed to accept in writing and Mortgagor co~•enants ~II that this l~iortgage is and will remuin a valid and en(on-eahle tirst mortgage on the 111ortgaged Property subject only to the exceptions herein provided. Morfgagor has full power and I:~wful authority to mortgage the Mortgaged Pro~>erty in the manner nnd (orm herein done or intended hereafter to J?e done. Mortgagor will preserve such title and will forever warrant and detend the same to MortR~gee and will fomver warrnnt and detend fhe v:ilidity nnd pnority of the lien hereof against the claims of all persons and parties whomsoever_ Mortgagor will, at lhe cost of Mortgagor, and without eY~~ense to Mortgagee, do, execute, acknowledge and deliver all anci every such further acts, deeds, com~eyances, mortgaKes, assignments, notices of assignment, trans(ers and as4urances as Morlgagee shall irom time-to time r~eire in order to presen~e the priority o( the lien of this 114ortgage or to (acilitate thc pertormance ot the terms hereof. PROVIDED, HOWEVER, ttwt if Aiortgagor shall ~~:iy b 11~ioriqaRee the indentedness in ine principai ~n.:. a: ~ 35. 0~~_ 00 ~ evidenced by that certain promissory note (the Note), ot even date herewith, ezecuted by Mortgagor and payable to order of Mortgagee, with interest and upon the terms as pmvided themin, and togefher with all other sums advanced by hlortgaBee to or on behalf of MoHgagor pursuant to the Note or this Mortgage, the final maturity date ot the Note and this Mortgage being Ta*~- ~ r ~ 99~ , and sha11 perform all other covenants and ~ronditions of the Note, all ot the tern?s of which Note are incorporated herein by mtemnce as thouRh set forth fully here- in, and ot any renewal, extension or moditication, thereof :ind ot thia MortRage, then this Mortgage and the estate hereby ~reated shall ~ease and terminate. ~ M~rt~aRor furfher convenants and agrees wi~h MortRaRee as (ollows: ~ 1_ To pay all sums, including interest secured hereby when due, as provided for in the Note and any renewal, extension ~ or modi(ication thereof and in this 144orlRage, all such sums to be payable in law(ul money of the United States of Americ:~ at MortRagee's aforesnid princi~l oftice, or at auch other place ae Mortgagee may designate in writinR. ~ 2. To pay when due, :~nd without requiring any notice trom Mortgagee, all taxes, assessments ot any type or nature ~ and other chareea levied or asseased :~Bainat the Mortgaged Property or this 1ltortgage and produce receipta there(or upon ~ demand. To immediately ~y and discharge any claim, lien or encumbrance ~gainat the I?lortgaged Property which,may be : or t~ecome superior to this Mortgage and to permit no de(ault or delinquency on any other lien, encumbrance or charge ~ :~Aainst the Mortq:~ged Property. 3. If required by Mortgagee, to also make munthly deNosila with Mortqagee, in a non-interesl bearing acrounl, to- ~ Rether with and in addition to interext and principal, ot a sum equal to one-tweltth o( the yearly taYes and asseasments which may he levied against the Mortg~qed Property, and lif so required) one-tweltth of the yearly premiums (or insur~nce thereon. The nmount ot such taxes, aseesamenta and premiums, when unknown, shall be estimated by Mortgagee. Such de{rosits shall he used by MorlAaQee to pay auch taxes. ~~.4sessments and premiums when due. Any insuf(iciency ot such . _ - t ,y I~r- ~ ~ _ _ . ~ U~~ p Kf~ ~ ~ ' - ~ . ; _ _ ~ _ _ _ ~ ~ ~ . j Bu~;X ~~v ~?tGf ah) , . ~ ` _ _ ~ l. ~ S+ _ ~ f _ ' _ _ 1 ' `J~i- ' r ~ _ ,,H ` "1 ~ 7 ~ ~ ~ • ~s- . ; _ ' . . . . . . _ . ~ . . _ . . - ~ ~ - - . .